POLYMAC GROUP: 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.
POLYMAC GROUP
Largest movements
- Receivables within one year -€7,267
down €7,267 (-11.9%), from €61,128 to €53,861
of which Trade receivables: -€21,340
- Deferred charges and accrued income +€802
new in 2024: €802
- Trade debts -€5,230
down €5,230 (-12.0%), from €43,555 to €38,326
- Tax, wage and social debts -€1,832
down €1,832 (-35.9%), from €5,100 to €3,268
- Gross operating margin -€14,551
down €14,551 (-79.4%), from €18,325 to €3,774
- Staff costs -€8,218
down €8,218 (-75.9%), from €10,820 to €2,602
- Taxes -€1,119
down €1,119 (-96.9%), from €1,154 to €35
- Financial income +€678
up €678 (+549%), from €123 to €802
of which Financial income: +€678
- Financial charges -€661
down €661 (-79.3%), from €834 to €173
of which Financial charges: -€661
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €62,847 | €55,949 | -€6,899 | -11.0% |
| Fixed assets | 21/28 | €576 | €276 | -€299 | -52.0% |
| Tangible fixed assets | 22/27 | €299 | - | -€299 | |
| Furniture and vehicles | 24 | €299 | - | -€299 | |
| Financial fixed assets | 28 | €276 | €276 | = | 0.0% |
| Current assets | 29/58 | €62,271 | €55,672 | -€6,599 | -10.6% |
| Amounts receivable within one year | 40/41 | €61,128 | €53,861 | -€7,267 | -11.9% |
| Trade receivables | 40 | €57,312 | €35,972 | -€21,340 | -37.2% |
| Other amounts receivable | 41 | €3,816 | €17,889 | +€14,073 | +369% |
| Cash at bank and in hand | 54/58 | €1,143 | €1,010 | -€134 | -11.7% |
| Deferred charges and accrued income | 490/1 | - | €802 | +€802 | |
| Total equity and liabilities | 10/49 | €62,847 | €55,949 | -€6,899 | -11.0% |
| Equity | 10/15 | €13,876 | €14,355 | +€479 | +3.5% |
| Contributions | 10/11 | €2,100 | €2,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,776 | €12,255 | +€479 | +4.1% |
| Amounts payable | 17/49 | €48,971 | €41,594 | -€7,377 | -15.1% |
| Amounts payable within one year | 42/48 | €48,971 | €41,594 | -€7,377 | -15.1% |
| Trade debts | 44 | €43,555 | €38,326 | -€5,230 | -12.0% |
| Suppliers | 440/4 | €43,555 | €38,326 | -€5,230 | -12.0% |
| Taxes, remuneration and social security | 45 | €5,100 | €3,268 | -€1,832 | -35.9% |
| Taxes | 450/3 | €5,100 | €3,268 | -€1,832 | -35.9% |
| Other amounts payable | 47/48 | €316 | - | -€316 | |
| Remuneration, social security and pensions | 62 | €10,820 | €2,602 | -€8,218 | -75.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €299 | €299 | = | 0.0% |
| Other operating charges | 640/8 | €784 | €987 | +€203 | +25.9% |
| Gross operating margin | 9900 | €18,325 | €3,774 | -€14,551 | -79.4% |
| Operating profit (loss) | 9901 | €6,421 | -€115 | -€6,536 | |
| Financial income | 75/76B | €123 | €802 | +€678 | +549% |
| Recurring financial income | 75 | €123 | €802 | +€678 | +549% |
| Non-recurring financial income | 76B | €123 | €802 | +€678 | +549% |
| Financial charges | 65/66B | €834 | €173 | -€661 | -79.3% |
| Recurring financial charges | 65 | €834 | €173 | -€661 | -79.3% |
| Non-recurring financial charges | 66B | €834 | €173 | -€661 | -79.3% |
| Profit (loss) for the period before taxes | 9903 | €5,710 | €514 | -€5,196 | -91.0% |
| Income taxes | 67/77 | €1,154 | €35 | -€1,119 | -96.9% |
| Profit (loss) for the period | 9904 | €4,556 | €479 | -€4,077 | -89.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,556 | €479 | -€4,077 | -89.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.