POLYLUX: what changed
Two financial 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.
POLYLUX
Largest movements
- Deferred charges and accrued income -€53,398
down €53,398 (-70.1%), from €76,134 to €22,736
- Cash +€23,390
up €23,390 (+27.8%), from €84,240 to €107,630
mainly Depreciation (+€58,989) and Deferred charges and accrued income (+€53,398)
- Tangible fixed assets -€21,672
down €21,672 (-11.7%), from €185,233 to €163,561
of which Plant, machinery and equipment: -€31,375
- Receivables within one year -€10,550
down €10,550 (-5.9%), from €179,786 to €169,236
of which Other amounts receivable: -€48,771
- Debts after one year -€37,580
down €37,580 (-33.5%), from €112,220 to €74,640
- Other debts -€24,637
down €24,637 (-43.0%), from €57,360 to €32,723
- Tax, wage and social debts -€14,282
down €14,282 (-92.9%), from €15,376 to €1,094
of which Taxes: -€12,517
- Trade debts +€11,509
up €11,509 (+15.2%), from €75,825 to €87,334
- Profit (loss) carried forward +€6,845
up €6,845 (+5.8%), from €118,319 to €125,164
- Turnover +€173,543
up €173,543 (+26.4%), from €657,070 to €830,613
- Purchases and services +€144,343
up €144,343 (+24.7%), from €584,003 to €728,347
- Depreciation +€21,363
up €21,363 (+56.8%), from €37,627 to €58,989
- Gross operating margin +€21,024
up €21,024 (+24.1%), from €87,082 to €108,106
- Staff costs +€12,484
up €12,484 (+102%), from €12,208 to €24,692
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.
Derived cash bridge
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 | €530,413 | €467,231 | -€63,182 | -11.9% |
| Fixed assets | 21/28 | €185,233 | €163,561 | -€21,672 | -11.7% |
| Tangible fixed assets | 22/27 | €185,233 | €163,561 | -€21,672 | -11.7% |
| Plant, machinery and equipment | 23 | €182,942 | €151,566 | -€31,375 | -17.2% |
| Furniture and vehicles | 24 | €2,291 | €11,995 | +€9,704 | +423% |
| Current assets | 29/58 | €345,180 | €303,670 | -€41,510 | -12.0% |
| Stocks and contracts in progress | 3 | €5,020 | €4,068 | -€952 | -19.0% |
| Stocks | 30/36 | €5,020 | €4,068 | -€952 | -19.0% |
| Amounts receivable within one year | 40/41 | €179,786 | €169,236 | -€10,550 | -5.9% |
| Trade receivables | 40 | €66,096 | €104,317 | +€38,221 | +57.8% |
| Other amounts receivable | 41 | €113,690 | €64,919 | -€48,771 | -42.9% |
| Cash at bank and in hand | 54/58 | €84,240 | €107,630 | +€23,390 | +27.8% |
| Deferred charges and accrued income | 490/1 | €76,134 | €22,736 | -€53,398 | -70.1% |
| Total equity and liabilities | 10/49 | €530,413 | €467,231 | -€63,182 | -11.9% |
| Equity | 10/15 | €219,738 | €225,783 | +€6,045 | +2.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €80,795 | €80,795 | = | 0.0% |
| 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 | €78,935 | €78,935 | = | 0.0% |
| Profit (loss) carried forward | 14 | €118,319 | €125,164 | +€6,845 | +5.8% |
| Investment grants | 15 | €2,024 | €1,224 | -€800 | -39.5% |
| Amounts payable | 17/49 | €310,675 | €241,448 | -€69,227 | -22.3% |
| Amounts payable after more than one year | 17 | €112,220 | €74,640 | -€37,580 | -33.5% |
| Financial debts | 170/4 | €112,220 | €74,640 | -€37,580 | -33.5% |
| Amounts payable within one year | 42/48 | €198,002 | €164,731 | -€33,271 | -16.8% |
| Current portion of amounts payable after more than one year | 42 | €49,442 | €43,580 | -€5,861 | -11.9% |
| Trade debts | 44 | €75,825 | €87,334 | +€11,509 | +15.2% |
| Suppliers | 440/4 | €75,825 | €87,334 | +€11,509 | +15.2% |
| Taxes, remuneration and social security | 45 | €15,376 | €1,094 | -€14,282 | -92.9% |
| Taxes | 450/3 | €13,611 | €1,094 | -€12,517 | -92.0% |
| Remuneration and social security | 454/9 | €1,765 | - | -€1,765 | |
| Other amounts payable | 47/48 | €57,360 | €32,723 | -€24,637 | -43.0% |
| Accrued charges and deferred income | 492/3 | €452 | €2,077 | +€1,625 | +359% |
| Turnover | 70 | €657,070 | €830,613 | +€173,543 | +26.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €584,003 | €728,347 | +€144,343 | +24.7% |
| Remuneration, social security and pensions | 62 | €12,208 | €24,692 | +€12,484 | +102% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,627 | €58,989 | +€21,363 | +56.8% |
| Other operating charges | 640/8 | €6,733 | €8,851 | +€2,118 | +31.4% |
| Gross operating margin | 9900 | €87,082 | €108,106 | +€21,024 | +24.1% |
| Operating profit (loss) | 9901 | €30,514 | €15,574 | -€14,939 | -49.0% |
| Financial income | 75/76B | €1,097 | €1,442 | +€346 | +31.5% |
| Recurring financial income | 75 | €1,097 | €1,442 | +€346 | +31.5% |
| Financial charges | 65/66B | €3,780 | €5,207 | +€1,427 | +37.8% |
| Recurring financial charges | 65 | €3,780 | €5,207 | +€1,427 | +37.8% |
| Profit (loss) for the period before taxes | 9903 | €27,831 | €11,810 | -€16,021 | -57.6% |
| Income taxes | 67/77 | €7,292 | €4,965 | -€2,327 | -31.9% |
| Profit (loss) for the period | 9904 | €20,539 | €6,845 | -€13,694 | -66.7% |
| Profit (loss) for the period to be appropriated | 9905 | €20,539 | €6,845 | -€13,694 | -66.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.