POLYFIN: what changed
Two fiscal 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.
POLYFIN
Largest movements
- Cash -€63,147
down €63,147 (-66.5%), from €94,899 to €31,752
mainly Contributions, distributions and other (-€97,099) and Other debts (-€67,642)
- Receivables within one year -€3,301
down €3,301 (-24.4%), from €13,533 to €10,232
of which Other amounts receivable: -€3,195
- Other debts -€67,642
down €67,642 (-71.3%), from €94,821 to €27,178
- Tax, wage and social debts +€1,800
up €1,800 (+14.7%), from €12,255 to €14,055
of which Taxes: +€1,800
- Gross operating margin +€2,634
up €2,634 (+2.1%), from €124,089 to €126,724
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 | €111,208 | €45,743 | -€65,465 | -58.9% |
| Fixed assets | 21/28 | €1,351 | €1,454 | +€103 | +7.6% |
| Tangible fixed assets | 22/27 | €1,351 | €1,454 | +€103 | +7.6% |
| Furniture and vehicles | 24 | €817 | €1,198 | +€381 | +46.6% |
| Other tangible fixed assets | 26 | €534 | €256 | -€278 | -52.1% |
| Current assets | 29/58 | €109,856 | €44,289 | -€65,568 | -59.7% |
| Amounts receivable within one year | 40/41 | €13,533 | €10,232 | -€3,301 | -24.4% |
| Trade receivables | 40 | €8,056 | €7,950 | -€106 | -1.3% |
| Other amounts receivable | 41 | €5,478 | €2,282 | -€3,195 | -58.3% |
| Cash at bank and in hand | 54/58 | €94,899 | €31,752 | -€63,147 | -66.5% |
| Deferred charges and accrued income | 490/1 | €1,424 | €2,305 | +€880 | +61.8% |
| Total equity and liabilities | 10/49 | €111,208 | €45,743 | -€65,465 | -58.9% |
| Equity | 10/15 | €1,000 | €1,000 | = | 0.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €110,208 | €44,743 | -€65,465 | -59.4% |
| Amounts payable within one year | 42/48 | €109,604 | €43,463 | -€66,141 | -60.3% |
| Trade debts | 44 | €2,528 | €2,230 | -€298 | -11.8% |
| Suppliers | 440/4 | €2,528 | €2,230 | -€298 | -11.8% |
| Taxes, remuneration and social security | 45 | €12,255 | €14,055 | +€1,800 | +14.7% |
| Taxes | 450/3 | €10,255 | €12,055 | +€1,800 | +17.6% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €94,821 | €27,178 | -€67,642 | -71.3% |
| Accrued charges and deferred income | 492/3 | €604 | €1,280 | +€676 | +112.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €802 | €743 | -€59 | -7.4% |
| Other operating charges | 640/8 | €476 | €855 | +€379 | +79.5% |
| Non-recurring operating charges | 66A | €170 | €204 | +€34 | +19.8% |
| Gross operating margin | 9900 | €124,089 | €126,724 | +€2,634 | +2.1% |
| Operating profit (loss) | 9901 | €122,641 | €124,922 | +€2,281 | +1.9% |
| Financial income | 75/76B | €205 | €222 | +€17 | +8.1% |
| Recurring financial income | 75 | €205 | €222 | +€17 | +8.1% |
| Financial charges | 65/66B | €1,240 | €801 | -€439 | -35.4% |
| Recurring financial charges | 65 | €1,240 | €801 | -€439 | -35.4% |
| Profit (loss) for the period before taxes | 9903 | €121,606 | €124,343 | +€2,737 | +2.3% |
| Income taxes | 67/77 | €26,778 | €27,244 | +€466 | +1.7% |
| Profit (loss) for the period | 9904 | €94,828 | €97,099 | +€2,271 | +2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €94,828 | €97,099 | +€2,271 | +2.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.