POLYCOOL: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
POLYCOOL
Largest movements
- Receivables within one year -€441,739
down €441,739 (-17.2%), from €2.6m to €2.1m
of which Trade receivables: -€434,230
- Tangible fixed assets +€196,080
up €196,080 (+38.8%), from €504,808 to €700,888
of which Plant, machinery and equipment: +€204,867
- Cash +€133,142
up €133,142 (+29.6%), from €449,337 to €582,479
mainly Receivables within one year (+€441,739) and Depreciation (+€190,302)
- Current investments -€45,650
down €45,650 (-16.4%), from €278,197 to €232,547
- Other debts -€155,600
down €155,600 (-21.2%), from €735,005 to €579,405
- Gross operating margin +€98,790
up €98,790 (+5.1%), from €1.9m to €2.0m
- Financial income -€59,358
down €59,358 (-98.2%), from €60,458 to €1,100
of which Non-recurring financial income: -€59,188
- Staff costs +€43,886
up €43,886 (+2.5%), from €1.7m to €1.8m
- Financial charges +€36,750
up €36,750 (+2431.4%), from €1,511 to €38,262
- Depreciation +€21,522
up €21,522 (+12.8%), from €168,780 to €190,302
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,799,784 | €3,641,617 | -€158,167 | -4.2% |
| Fixed assets | 21/28 | €504,833 | €700,913 | +€196,080 | +38.8% |
| Tangible fixed assets | 22/27 | €504,808 | €700,888 | +€196,080 | +38.8% |
| Plant, machinery and equipment | 23 | €203,370 | €408,237 | +€204,867 | +100.7% |
| Furniture and vehicles | 24 | €301,439 | €292,652 | -€8,787 | -2.9% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €3,294,951 | €2,940,704 | -€354,247 | -10.8% |
| Amounts receivable within one year | 40/41 | €2,567,417 | €2,125,679 | -€441,739 | -17.2% |
| Trade receivables | 40 | €2,559,908 | €2,125,679 | -€434,230 | -17.0% |
| Other amounts receivable | 41 | €7,509 | - | -€7,509 | |
| Current investments | 50/53 | €278,197 | €232,547 | -€45,650 | -16.4% |
| Cash at bank and in hand | 54/58 | €449,337 | €582,479 | +€133,142 | +29.6% |
| Total equity and liabilities | 10/49 | €3,799,784 | €3,641,617 | -€158,167 | -4.2% |
| Equity | 10/15 | €2,813,191 | €2,827,827 | +€14,636 | +0.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,106,200 | €1,106,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €1,100,000 | €1,100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,644,991 | €1,659,627 | +€14,636 | +0.9% |
| Amounts payable | 17/49 | €986,594 | €813,790 | -€172,803 | -17.5% |
| Amounts payable within one year | 42/48 | €986,594 | €813,790 | -€172,803 | -17.5% |
| Trade debts | 44 | €25,252 | €28,953 | +€3,701 | +14.7% |
| Suppliers | 440/4 | €25,252 | €28,953 | +€3,701 | +14.7% |
| Taxes, remuneration and social security | 45 | €226,337 | €205,432 | -€20,904 | -9.2% |
| Taxes | 450/3 | €128,372 | €101,602 | -€26,770 | -20.9% |
| Remuneration and social security | 454/9 | €97,965 | €103,830 | +€5,865 | +6.0% |
| Other amounts payable | 47/48 | €735,005 | €579,405 | -€155,600 | -21.2% |
| Remuneration, social security and pensions | 62 | €1,724,614 | €1,768,499 | +€43,886 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €168,780 | €190,302 | +€21,522 | +12.8% |
| Other operating charges | 640/8 | €14,035 | €7,975 | -€6,060 | -43.2% |
| Gross operating margin | 9900 | €1,920,280 | €2,019,070 | +€98,790 | +5.1% |
| Operating profit (loss) | 9901 | €12,851 | €52,294 | +€39,443 | +306.9% |
| Financial income | 75/76B | €60,458 | €1,100 | -€59,358 | -98.2% |
| Recurring financial income | 75 | €1,270 | €1,100 | -€170 | -13.4% |
| Non-recurring financial income | 76B | €59,188 | - | -€59,188 | |
| Financial charges | 65/66B | €1,511 | €38,262 | +€36,750 | +2431.4% |
| Recurring financial charges | 65 | €1,511 | €38,262 | +€36,750 | +2431.4% |
| Profit (loss) for the period before taxes | 9903 | €71,798 | €15,132 | -€56,665 | -78.9% |
| Income taxes | 67/77 | €7,854 | €496 | -€7,358 | -93.7% |
| Profit (loss) for the period | 9904 | €63,943 | €14,636 | -€49,307 | -77.1% |
| Profit (loss) for the period to be appropriated | 9905 | €63,943 | €14,636 | -€49,307 | -77.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.