POLYGAST: 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.
POLYGAST
Largest movements
- Current investments +€138,231
up €138,231 (+46.3%), from €298,761 to €436,993
- Receivables within one year +€26,722
up €26,722 (+9.7%), from €275,218 to €301,940
of which Other amounts receivable: +€26,722
- Tangible fixed assets -€26,204
down €26,204 (-43.8%), from €59,832 to €33,628
of which Furniture and vehicles: -€28,366
- Reserves +€181,277
up €181,277 (+37.9%), from €478,290 to €659,566
of which Non-distributable reserves: +€181,277
- Current portion of long-term debt -€19,930
down €19,930 (-74.8%), from €26,653 to €6,723
- Tax, wage and social debts -€15,452
down €15,452 (-48.0%), from €32,195 to €16,743
of which Taxes: -€13,201
- Gross operating margin +€34,440
up €34,440 (+13.0%), from €264,596 to €299,036
- Taxes +€11,736
up €11,736 (+15.3%), from €76,611 to €88,347
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 | €649,137 | €792,214 | +€143,077 | +22.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €59,832 | €33,628 | -€26,204 | -43.8% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €59,832 | €33,628 | -€26,204 | -43.8% |
| Land and buildings | 22 | €21,929 | €20,532 | -€1,397 | -6.4% |
| Plant, machinery and equipment | 23 | €1,174 | €4,733 | +€3,559 | +303.2% |
| Furniture and vehicles | 24 | €36,729 | €8,363 | -€28,366 | -77.2% |
| Current assets | 29/58 | €589,306 | €758,586 | +€169,281 | +28.7% |
| Amounts receivable within one year | 40/41 | €275,218 | €301,940 | +€26,722 | +9.7% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €275,218 | €301,940 | +€26,722 | +9.7% |
| Current investments | 50/53 | €298,761 | €436,993 | +€138,231 | +46.3% |
| Cash at bank and in hand | 54/58 | €12,830 | €16,078 | +€3,248 | +25.3% |
| Deferred charges and accrued income | 490/1 | €2,496 | €3,576 | +€1,080 | +43.2% |
| Total equity and liabilities | 10/49 | €649,137 | €792,214 | +€143,077 | +22.0% |
| Equity | 10/15 | €581,293 | €762,570 | +€181,277 | +31.2% |
| Contributions | 10/11 | €12,397 | €12,397 | = | 0.0% |
| Reserves | 13 | €478,290 | €659,566 | +€181,277 | +37.9% |
| Non-distributable reserves | 130/1 | €473,061 | €654,337 | +€181,277 | +38.3% |
| Reserves not available under the articles | 1311 | €473,061 | €654,337 | +€181,277 | +38.3% |
| Distributable reserves | 133 | €5,229 | €5,229 | = | 0.0% |
| Profit (loss) carried forward | 14 | €90,606 | €90,606 | = | 0.0% |
| Amounts payable | 17/49 | €67,844 | €29,644 | -€38,200 | -56.3% |
| Amounts payable after more than one year | 17 | €6,723 | €0 | -€6,723 | -100.0% |
| Financial debts | 170/4 | €6,723 | €0 | -€6,723 | -100.0% |
| Amounts payable within one year | 42/48 | €60,929 | €29,444 | -€31,484 | -51.7% |
| Current portion of amounts payable after more than one year | 42 | €26,653 | €6,723 | -€19,930 | -74.8% |
| Trade debts | 44 | €2,080 | €5,978 | +€3,898 | +187.4% |
| Suppliers | 440/4 | €2,080 | €5,978 | +€3,898 | +187.4% |
| Taxes, remuneration and social security | 45 | €32,195 | €16,743 | -€15,452 | -48.0% |
| Taxes | 450/3 | €29,945 | €16,743 | -€13,201 | -44.1% |
| Remuneration and social security | 454/9 | €2,251 | €0 | -€2,251 | -100.0% |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Accrued charges and deferred income | 492/3 | €192 | €200 | +€8 | +4.0% |
| Remuneration, social security and pensions | 62 | €3,044 | €89 | -€2,955 | -97.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,013 | €32,134 | +€121 | +0.4% |
| Other operating charges | 640/8 | €1,264 | €1,183 | -€81 | -6.4% |
| Gross operating margin | 9900 | €264,596 | €299,036 | +€34,440 | +13.0% |
| Operating profit (loss) | 9901 | €228,275 | €265,630 | +€37,355 | +16.4% |
| Financial income | 75/76B | €5,563 | €5,344 | -€219 | -3.9% |
| Recurring financial income | 75 | €5,563 | €5,344 | -€219 | -3.9% |
| Financial charges | 65/66B | €1,636 | €1,351 | -€285 | -17.4% |
| Recurring financial charges | 65 | €1,636 | €1,351 | -€285 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €232,202 | €269,623 | +€37,421 | +16.1% |
| Income taxes | 67/77 | €76,611 | €88,347 | +€11,736 | +15.3% |
| Profit (loss) for the period | 9904 | €155,591 | €181,277 | +€25,686 | +16.5% |
| Profit (loss) for the period to be appropriated | 9905 | €155,591 | €181,277 | +€25,686 | +16.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.