POLYGON CONSULTING: 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.
POLYGON CONSULTING
Largest movements
- Cash +€65,836
up €65,836 (+154.2%), from €42,691 to €108,526
mainly Net result for the year (+€60,847) and Tax, wage and social debts (+€19,579)
- Current investments +€25,774
up €25,774 (+4.2%), from €610,383 to €636,157
- Reserves +€60,847
up €60,847 (+10.1%), from €602,707 to €663,554
of which Distributable reserves: +€73,481
- Tax, wage and social debts +€19,579
up €19,579 (+167.1%), from €11,718 to €31,297
- Trade debts +€14,188
up €14,188 (+165.4%), from €8,578 to €22,767
- Financial income +€140,600
up €140,600 (+1243.3%), from €11,309 to €151,909
- Gross operating margin -€75,999
down €75,999, from €44,501 to -€31,499
- Financial charges +€23,045
up €23,045 (+1368.6%), from €1,684 to €24,729
- Taxes +€17,281
up €17,281 (+102.0%), from €16,934 to €34,215
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 | €690,119 | €779,617 | +€89,498 | +13.0% |
| Fixed assets | 21/28 | €1,839 | €1,619 | -€219 | -11.9% |
| Tangible fixed assets | 22/27 | €1,095 | €876 | -€219 | -20.0% |
| Furniture and vehicles | 24 | €1,095 | €876 | -€219 | -20.0% |
| Financial fixed assets | 28 | €744 | €744 | = | 0.0% |
| Current assets | 29/58 | €688,280 | €777,998 | +€89,718 | +13.0% |
| Amounts receivable within one year | 40/41 | €35,207 | €31,245 | -€3,962 | -11.3% |
| Trade receivables | 40 | €32,700 | €27,949 | -€4,752 | -14.5% |
| Other amounts receivable | 41 | €2,507 | €3,296 | +€789 | +31.5% |
| Current investments | 50/53 | €610,383 | €636,157 | +€25,774 | +4.2% |
| Cash at bank and in hand | 54/58 | €42,691 | €108,526 | +€65,836 | +154.2% |
| Deferred charges and accrued income | 490/1 | - | €2,070 | +€2,070 | |
| Total equity and liabilities | 10/49 | €690,119 | €779,617 | +€89,498 | +13.0% |
| Equity | 10/15 | €664,707 | €725,554 | +€60,847 | +9.2% |
| 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 | €602,707 | €663,554 | +€60,847 | +10.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,633 | - | -€12,633 | |
| Distributable reserves | 133 | €583,873 | €657,354 | +€73,481 | +12.6% |
| Amounts payable | 17/49 | €25,412 | €54,063 | +€28,651 | +112.7% |
| Amounts payable within one year | 42/48 | €25,412 | €54,063 | +€28,651 | +112.7% |
| Financial debts | 43 | €5,116 | - | -€5,116 | |
| Credit institutions | 430/8 | €5,116 | - | -€5,116 | |
| Trade debts | 44 | €8,578 | €22,767 | +€14,188 | +165.4% |
| Suppliers | 440/4 | €8,578 | €22,767 | +€14,188 | +165.4% |
| Taxes, remuneration and social security | 45 | €11,718 | €31,297 | +€19,579 | +167.1% |
| Taxes | 450/3 | €11,718 | €31,297 | +€19,579 | +167.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1 | €219 | +€218 | +18168.3% |
| Other operating charges | 640/8 | €405 | €400 | -€5 | -1.3% |
| Gross operating margin | 9900 | €44,501 | -€31,499 | -€75,999 | |
| Operating profit (loss) | 9901 | €44,094 | -€32,118 | -€76,212 | |
| Financial income | 75/76B | €11,309 | €151,909 | +€140,600 | +1243.3% |
| Recurring financial income | 75 | €11,309 | €151,909 | +€140,600 | +1243.3% |
| Financial charges | 65/66B | €1,684 | €24,729 | +€23,045 | +1368.6% |
| Recurring financial charges | 65 | €1,684 | €24,729 | +€23,045 | +1368.6% |
| Profit (loss) for the period before taxes | 9903 | €53,719 | €95,063 | +€41,343 | +77.0% |
| Income taxes | 67/77 | €16,934 | €34,215 | +€17,281 | +102.0% |
| Profit (loss) for the period | 9904 | €36,785 | €60,847 | +€24,062 | +65.4% |
| Transfer from tax-exempt reserves | 789 | - | €12,633 | +€12,633 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,785 | €73,481 | +€36,696 | +99.8% |
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.