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POLYGONE: 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.

What changed

POLYGONE

BE 0403.953.530
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€2,116
2024 · -€4,424+€2,308
Equity
€93,837
2024 · €95,953-€2,116
Cash
€48,128
2024 · €50,314-€2,185
Balance sheet total
€108,206
2024 · €112,642-€4,435

Largest movements

2024 to 2025
Assets
  • Receivables within one year -€2,250

    down €2,250 (-100.0%), from €2,250 to €0

  • Cash -€2,185

    down €2,185 (-4.3%), from €50,314 to €48,128

    mainly Other debts (-€3,600) and Net result for the year (-€2,116)

Equity and liabilities
  • Other debts -€3,600

    down €3,600 (-34.5%), from €10,430 to €6,830

  • Profit (loss) carried forward -€2,116

    down €2,116 (-7.9%), from -€26,807 to -€28,923

  • Trade debts +€1,281

    up €1,281 (+20.5%), from €6,258 to €7,540

Income statement
  • Gross operating margin +€2,146

    up €2,146 (+51.1%), from -€4,202 to -€2,056

  • Financial charges -€161

    down €161 (-72.6%), from €222 to €61

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 -€4,424
Gross operating margin +€2,146
Financial charges +€161
Result 2025 -€2,116

Cash bridge derived

cash 2024 to 2025

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.

From operations -€2,185
Investment €0
Financing €0
Cash 2024 €50,314
Net result for the year -€2,116
Receivables within one year +€2,250
Trade debts +€1,281
Other debts -€3,600
Cash 2025 €48,128
Every line side by side 27 lines
Line Code 2024 2025 Change %
Total assets 20/58 €112,642 €108,206 -€4,435 -3.9%
Current assets 29/58 €112,642 €108,206 -€4,435 -3.9%
Amounts receivable within one year 40/41 €2,250 €0 -€2,250 -100.0%
Other amounts receivable 41 €2,250 €0 -€2,250 -100.0%
Current investments 50/53 €60,078 €60,078 = 0.0%
Cash at bank and in hand 54/58 €50,314 €48,128 -€2,185 -4.3%
Total equity and liabilities 10/49 €112,642 €108,206 -€4,435 -3.9%
Equity 10/15 €95,953 €93,837 -€2,116 -2.2%
Contributions 10/11 €45,860 €45,860 = 0.0%
Reserves 13 €76,900 €76,900 = 0.0%
Non-distributable reserves 130/1 €0 - =
Reserves not available under the articles 1311 €0 - =
Distributable reserves 133 €76,900 €76,900 = 0.0%
Profit (loss) carried forward 14 -€26,807 -€28,923 -€2,116 -7.9%
Amounts payable 17/49 €16,688 €14,369 -€2,319 -13.9%
Amounts payable within one year 42/48 €16,688 €14,369 -€2,319 -13.9%
Trade debts 44 €6,258 €7,540 +€1,281 +20.5%
Suppliers 440/4 €6,258 €7,540 +€1,281 +20.5%
Other amounts payable 47/48 €10,430 €6,830 -€3,600 -34.5%
Accrued charges and deferred income 492/3 €0 - =
Gross operating margin 9900 -€4,202 -€2,056 +€2,146 +51.1%
Operating profit (loss) 9901 -€4,202 -€2,056 +€2,146 +51.1%
Financial charges 65/66B €222 €61 -€161 -72.6%
Recurring financial charges 65 €222 €61 -€161 -72.6%
Profit (loss) for the period before taxes 9903 -€4,424 -€2,116 +€2,308 +52.2%
Profit (loss) for the period 9904 -€4,424 -€2,116 +€2,308 +52.2%
Profit (loss) for the period to be appropriated 9905 -€4,424 -€2,116 +€2,308 +52.2%

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 29 September 2026 via checked.be.