POLYDES: 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.
POLYDES
Largest movements
- Current investments -€300,000
down €300,000 (-100.0%), from €300,000 to €0
- Cash +€260,041
up €260,041 (+222.0%), from €117,146 to €377,187
mainly Current investments (+€300,000) and Net result for the year (+€25,539)
- Receivables within one year +€32,473
up €32,473 (+41.8%), from €77,647 to €110,120
of which Trade receivables: +€35,555
- Reserves +€25,539
up €25,539 (+4.7%), from €547,174 to €572,713
of which Distributable reserves: +€23,639
- Debts after one year -€22,552
down €22,552 (-25.4%), from €88,865 to €66,313
- Trade debts -€11,209
down €11,209 (-87.5%), from €12,806 to €1,596
- Gross operating margin +€37,967
up €37,967 (+335.6%), from €11,314 to €49,281
- Taxes +€21,631
up €21,631, from -€9,013 to €12,618
- Financial charges -€1,767
down €1,767 (-25.7%), from €6,877 to €5,111
- Other operating charges +€1,418
up €1,418 (+43.3%), from €3,278 to €4,697
- Depreciation +€647
up €647 (+10.6%), from €6,123 to €6,770
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 | €694,571 | €684,921 | -€9,650 | -1.4% |
| Fixed assets | 21/28 | €198,045 | €194,596 | -€3,449 | -1.7% |
| Tangible fixed assets | 22/27 | €184,461 | €181,012 | -€3,449 | -1.9% |
| Furniture and vehicles | 24 | €16,850 | €15,863 | -€987 | -5.9% |
| Leasing and similar rights | 25 | €137,509 | €137,509 | = | 0.0% |
| Other tangible fixed assets | 26 | €30,102 | €27,640 | -€2,462 | -8.2% |
| Financial fixed assets | 28 | €13,584 | €13,584 | = | 0.0% |
| Current assets | 29/58 | €496,527 | €490,325 | -€6,201 | -1.2% |
| Amounts receivable within one year | 40/41 | €77,647 | €110,120 | +€32,473 | +41.8% |
| Trade receivables | 40 | €23,547 | €59,101 | +€35,555 | +151.0% |
| Other amounts receivable | 41 | €54,100 | €51,019 | -€3,082 | -5.7% |
| Current investments | 50/53 | €300,000 | €0 | -€300,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €117,146 | €377,187 | +€260,041 | +222.0% |
| Deferred charges and accrued income | 490/1 | €1,733 | €3,018 | +€1,285 | +74.1% |
| Total equity and liabilities | 10/49 | €694,571 | €684,921 | -€9,650 | -1.4% |
| Equity | 10/15 | €566,174 | €591,713 | +€25,539 | +4.5% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €547,174 | €572,713 | +€25,539 | +4.7% |
| Non-distributable reserves | 130/1 | - | €1,900 | +€1,900 | |
| Reserves not available under the articles | 1311 | - | €1,900 | +€1,900 | |
| Distributable reserves | 133 | €547,174 | €570,813 | +€23,639 | +4.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €128,397 | €93,208 | -€35,189 | -27.4% |
| Amounts payable after more than one year | 17 | €88,865 | €66,313 | -€22,552 | -25.4% |
| Financial debts | 170/4 | €88,865 | €66,313 | -€22,552 | -25.4% |
| Amounts payable within one year | 42/48 | €39,532 | €26,895 | -€12,637 | -32.0% |
| Current portion of amounts payable after more than one year | 42 | €20,662 | €21,077 | +€414 | +2.0% |
| Trade debts | 44 | €12,806 | €1,596 | -€11,209 | -87.5% |
| Suppliers | 440/4 | €12,806 | €1,596 | -€11,209 | -87.5% |
| Taxes, remuneration and social security | 45 | €6,064 | €4,222 | -€1,842 | -30.4% |
| Taxes | 450/3 | €5,434 | €4,222 | -€1,212 | -22.3% |
| Remuneration and social security | 454/9 | €630 | €0 | -€630 | -100.0% |
| Remuneration, social security and pensions | 62 | €31 | €40 | +€9 | +28.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,123 | €6,770 | +€647 | +10.6% |
| Other operating charges | 640/8 | €3,278 | €4,697 | +€1,418 | +43.3% |
| Gross operating margin | 9900 | €11,314 | €49,281 | +€37,967 | +335.6% |
| Operating profit (loss) | 9901 | €1,882 | €37,775 | +€35,893 | +1907.2% |
| Financial income | 75/76B | €5,636 | €5,493 | -€143 | -2.5% |
| Recurring financial income | 75 | €5,636 | €5,493 | -€143 | -2.5% |
| Financial charges | 65/66B | €6,877 | €5,111 | -€1,767 | -25.7% |
| Recurring financial charges | 65 | €6,877 | €5,111 | -€1,767 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | €640 | €38,157 | +€37,517 | +5861.4% |
| Income taxes | 67/77 | -€9,013 | €12,618 | +€21,631 | |
| Profit (loss) for the period | 9904 | €9,653 | €25,539 | +€15,886 | +164.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,653 | €25,539 | +€15,886 | +164.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.