POLYGON – CS: what changed
What changed
POLYGON – CS
NACE 66.220, Insurance agents and brokers
filed annual accounts (NBB)
Net result for the year
€327,447
2024 · €341,048-€13,601
Equity
€1.5m
2024 · €1.4m+€59,753
Cash
€760,239
2024 · €1.6m-€845,623
Balance sheet total
€2.1m
2024 · €2.1m-€11,965
Largest movements
Assets
- Cash -€845,623
down €845,623 (-52.7%), from €1.6m to €760,239
mainly Receivables within one year (-€828,458) and Contributions, distributions and other (-€267,695)
- Receivables within one year +€828,458
up €828,458 (+243%), from €340,927 to €1.2m
of which Trade receivables: +€754,253
- Tangible fixed assets -€24,307
down €24,307 (-39.7%), from €61,179 to €36,872
of which Furniture and vehicles: -€23,997
Equity and liabilities
- Tax, wage and social debts +€200,989
up €200,989 (+567%), from €35,458 to €236,447
of which Taxes: +€161,667
- Other debts -€174,483
down €174,483 (-70.9%), from €246,109 to €71,626
- Accrued charges and deferred income -€106,522
down €106,522 (-55.1%), from €193,364 to €86,841
- Reserves +€59,753
up €59,753 (+4.2%), from €1.4m to €1.5m
- Trade debts +€21,237
up €21,237 (+15.4%), from €138,054 to €159,291
Income statement
- Gross operating margin -€21,184
down €21,184 (-2.4%), from €900,986 to €879,802
- Staff costs -€16,000
down €16,000 (-3.9%), from €406,524 to €390,524
- Financial charges +€10,797
up €10,797 (+99.1%), from €10,896 to €21,693
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€341,048
Gross operating margin
-€21,184
Staff costs
+€16,000
Depreciation
+€216
Other operating charges
+€6,865
Other operating items
-€4,602
Financial income
-€4,858
Financial charges
-€10,797
Taxes
+€4,759
Result 2025
€327,447
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€524,580
Investment
-€40,411
Financing
-€280,632
Cash 2024
€1.6m
From operations (derived)
-€524,580
Net result for the year
+€327,447
Depreciation
+€48,318
Receivables within one year
-€828,458
Deferred charges and accrued income
-€13,107
Trade debts
+€21,237
Tax, wage and social debts
+€200,989
Other debts
-€174,483
Accrued charges and deferred income
-€106,522
Investment (derived)
-€40,411
Investment in fixed assets (net)
-€40,411
Financing
-€280,632
Debts after one year
-€13,504
Current portion of long-term debt
+€567
Contributions, distributions and other
-€267,695
Cash 2025
€760,239
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,108,382 | €2,096,417 | -€11,965 | -0.6% |
| Fixed assets | 21/28 | €156,618 | €148,711 | -€7,907 | -5.0% |
| Intangible fixed assets | 21 | €95,289 | €111,689 | +€16,400 | +17.2% |
| Tangible fixed assets | 22/27 | €61,179 | €36,872 | -€24,307 | -39.7% |
| Furniture and vehicles | 24 | €58,386 | €34,390 | -€23,997 | -41.1% |
| Other tangible fixed assets | 26 | €2,792 | €2,482 | -€310 | -11.1% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €1,951,765 | €1,947,706 | -€4,058 | -0.2% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €340,927 | €1,169,386 | +€828,458 | +243% |
| Trade receivables | 40 | €212,284 | €966,537 | +€754,253 | +355% |
| Other amounts receivable | 41 | €128,643 | €202,848 | +€74,205 | +57.7% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,605,862 | €760,239 | -€845,623 | -52.7% |
| Deferred charges and accrued income | 490/1 | €4,975 | €18,082 | +€13,107 | +263% |
| Total equity and liabilities | 10/49 | €2,108,382 | €2,096,417 | -€11,965 | -0.6% |
| Equity | 10/15 | €1,446,147 | €1,505,900 | +€59,753 | +4.1% |
| Contributions | 10/11 | €12,800 | €12,800 | = | 0.0% |
| Reserves | 13 | €1,433,347 | €1,493,100 | +€59,753 | +4.2% |
| Distributable reserves | 133 | €1,433,347 | €1,493,100 | +€59,753 | +4.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €662,235 | €590,518 | -€71,718 | -10.8% |
| Amounts payable after more than one year | 17 | €36,312 | €22,808 | -€13,504 | -37.2% |
| Financial debts | 170/4 | €36,312 | €22,808 | -€13,504 | -37.2% |
| Amounts payable within one year | 42/48 | €432,559 | €480,868 | +€48,309 | +11.2% |
| Current portion of amounts payable after more than one year | 42 | €12,938 | €13,504 | +€567 | +4.4% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €138,054 | €159,291 | +€21,237 | +15.4% |
| Suppliers | 440/4 | €138,054 | €159,291 | +€21,237 | +15.4% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €35,458 | €236,447 | +€200,989 | +567% |
| Taxes | 450/3 | €461 | €162,129 | +€161,667 | +35,034% |
| Remuneration and social security | 454/9 | €34,997 | €74,318 | +€39,321 | +112% |
| Other amounts payable | 47/48 | €246,109 | €71,626 | -€174,483 | -70.9% |
| Accrued charges and deferred income | 492/3 | €193,364 | €86,841 | -€106,522 | -55.1% |
| Remuneration, social security and pensions | 62 | €406,524 | €390,524 | -€16,000 | -3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,534 | €48,318 | -€216 | -0.4% |
| Other operating charges | 640/8 | €7,466 | €601 | -€6,865 | -91.9% |
| Non-recurring operating charges | 66A | - | €4,602 | +€4,602 | |
| Gross operating margin | 9900 | €900,986 | €879,802 | -€21,184 | -2.4% |
| Operating profit (loss) | 9901 | €438,462 | €435,758 | -€2,704 | -0.6% |
| Financial income | 75/76B | €15,992 | €11,134 | -€4,858 | -30.4% |
| Recurring financial income | 75 | €15,992 | €11,134 | -€4,858 | -30.4% |
| Financial charges | 65/66B | €10,896 | €21,693 | +€10,797 | +99.1% |
| Recurring financial charges | 65 | €10,896 | €21,693 | +€10,797 | +99.1% |
| Profit (loss) for the period before taxes | 9903 | €443,558 | €425,199 | -€18,359 | -4.1% |
| Income taxes | 67/77 | €102,510 | €97,752 | -€4,759 | -4.6% |
| Profit (loss) for the period | 9904 | €341,048 | €327,447 | -€13,601 | -4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €341,048 | €327,447 | -€13,601 | -4.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.