Polygoon Consult: 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.
Polygoon Consult
Largest movements
- Cash +€320,466
up €320,466 (+335.1%), from €95,633 to €416,099
mainly Current investments (+€195,168) and Net result for the year (+€117,896)
- Current investments -€195,168
down €195,168 (-77.1%), from €253,033 to €57,865
- Tangible fixed assets -€18,858
down €18,858 (-47.4%), from €39,770 to €20,912
of which Furniture and vehicles: -€16,012
- Reserves +€117,890
up €117,890 (+36.1%), from €326,910 to €444,800
of which Distributable reserves: +€117,890
- Current portion of long-term debt -€10,555
down €10,555 (-66.5%), from €15,879 to €5,324
- Debts after one year -€5,324
down €5,324 (-100.0%), from €5,324 to €0
- Gross operating margin +€35,472
up €35,472 (+28.6%), from €124,186 to €159,659
- Financial income +€21,922
up €21,922 (+338.2%), from €6,482 to €28,404
- Taxes +€15,035
up €15,035 (+48.5%), from €31,025 to €46,060
- Financial charges +€9,155
up €9,155, from -€5,757 to €3,398
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 | €389,438 | €496,931 | +€107,493 | +27.6% |
| Fixed assets | 21/28 | €39,770 | €20,912 | -€18,858 | -47.4% |
| Tangible fixed assets | 22/27 | €39,770 | €20,912 | -€18,858 | -47.4% |
| Plant, machinery and equipment | 23 | €1,050 | €457 | -€593 | -56.4% |
| Furniture and vehicles | 24 | €23,496 | €7,483 | -€16,012 | -68.2% |
| Other tangible fixed assets | 26 | €15,224 | €12,971 | -€2,253 | -14.8% |
| Current assets | 29/58 | €349,668 | €476,019 | +€126,350 | +36.1% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €1,002 | €2,055 | +€1,052 | +105.0% |
| Trade receivables | 40 | €6 | €2,055 | +€2,049 | +33860.5% |
| Other amounts receivable | 41 | €996 | €0 | -€996 | -100.0% |
| Current investments | 50/53 | €253,033 | €57,865 | -€195,168 | -77.1% |
| Cash at bank and in hand | 54/58 | €95,633 | €416,099 | +€320,466 | +335.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €389,438 | €496,931 | +€107,493 | +27.6% |
| Equity | 10/15 | €345,658 | €463,553 | +€117,896 | +34.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €326,910 | €444,800 | +€117,890 | +36.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €325,050 | €442,940 | +€117,890 | +36.3% |
| Profit (loss) carried forward | 14 | €148 | €153 | +€6 | +3.7% |
| Amounts payable | 17/49 | €43,780 | €33,377 | -€10,403 | -23.8% |
| Amounts payable after more than one year | 17 | €5,324 | €0 | -€5,324 | -100.0% |
| Financial debts | 170/4 | €5,324 | €0 | -€5,324 | -100.0% |
| Amounts payable within one year | 42/48 | €38,456 | €33,377 | -€5,079 | -13.2% |
| Current portion of amounts payable after more than one year | 42 | €15,879 | €5,324 | -€10,555 | -66.5% |
| Trade debts | 44 | €145 | €750 | +€605 | +417.7% |
| Suppliers | 440/4 | €145 | €750 | +€605 | +417.7% |
| Taxes, remuneration and social security | 45 | €22,432 | €24,723 | +€2,291 | +10.2% |
| Taxes | 450/3 | €22,432 | €24,723 | +€2,291 | +10.2% |
| Other amounts payable | 47/48 | - | €2,580 | +€2,580 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,858 | €18,858 | = | 0.0% |
| Other operating charges | 640/8 | €1,774 | €1,851 | +€78 | +4.4% |
| Gross operating margin | 9900 | €124,186 | €159,659 | +€35,472 | +28.6% |
| Operating profit (loss) | 9901 | €103,555 | €138,950 | +€35,395 | +34.2% |
| Financial income | 75/76B | €6,482 | €28,404 | +€21,922 | +338.2% |
| Recurring financial income | 75 | €6,482 | €28,404 | +€21,922 | +338.2% |
| Financial charges | 65/66B | -€5,757 | €3,398 | +€9,155 | |
| Recurring financial charges | 65 | -€5,757 | €3,398 | +€9,155 | |
| Profit (loss) for the period before taxes | 9903 | €115,794 | €163,956 | +€48,162 | +41.6% |
| Income taxes | 67/77 | €31,025 | €46,060 | +€15,035 | +48.5% |
| Profit (loss) for the period | 9904 | €84,769 | €117,896 | +€33,127 | +39.1% |
| Profit (loss) for the period to be appropriated | 9905 | €84,769 | €117,896 | +€33,127 | +39.1% |
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 8 October 2026 via checked.be.