POLYMAR: 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.
What changed
POLYMAR
NACE 22.220, Manufacture of rubber and plastic products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€26,154
2024 · €56,513-€30,359
Equity
€205,672
2024 · €184,468+€21,204
Cash
€55,522
2024 · €23,984+€31,538
Balance sheet total
€682,767
2024 · €788,549-€105,781
Largest movements
Assets
- Receivables within one year -€157,543
down €157,543 (-59.1%), from €266,788 to €109,246
of which Trade receivables: -€101,191
- Cash +€31,538
up €31,538 (+131%), from €23,984 to €55,522
mainly Receivables within one year (+€157,543) and Depreciation (+€55,459)
- Tangible fixed assets -€14,032
down €14,032 (-11.2%), from €125,741 to €111,709
of which Plant, machinery and equipment: -€15,348
- Receivables after one year +€11,559
up €11,559 (+53.3%), from €21,668 to €33,227
of which Other amounts receivable: +€33,227
- Stocks and contracts +€8,873
up €8,873 (+2.6%), from €341,411 to €350,284
Equity and liabilities
- Short-term financial debts -€60,402
down €60,402 (-22.0%), from €274,548 to €214,146
- Other debts -€55,219
down €55,219 (-100%), from €55,219 to €0
- Profit (loss) carried forward +€26,154
up €26,154, from -€25,853 to €301
- Trade debts -€18,343
down €18,343 (-11.6%), from €157,910 to €139,567
- Current portion of long-term debt +€9,351
up €9,351 (+22.5%), from €41,617 to €50,968
Income statement
- Gross operating margin -€28,807
down €28,807 (-6.4%), from €452,423 to €423,617
- Write-downs +€10,998
new in 2025: €10,998
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.
Result 2024
€56,513
Gross operating margin
-€28,807
Staff costs
+€2,282
Depreciation
+€1,716
Write-downs
-€10,998
Other operating charges
+€547
Other operating items
+€3,822
Financial income
-€203
Financial charges
+€2,944
Taxes
-€1,663
Result 2025
€26,154
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€140,687
Investment
-€49,413
Financing
-€59,735
Cash 2024
€23,984
From operations (derived)
+€140,687
Net result for the year
+€26,154
Depreciation
+€55,459
Receivables after one year
-€11,559
Stocks and contracts
-€8,873
Receivables within one year
+€157,543
Deferred charges and accrued income
-€5,837
Trade debts
-€18,343
Tax, wage and social debts
-€1,829
Other debts
-€55,219
Accrued charges and deferred income
+€3,190
Investment (derived)
-€49,413
Investment in fixed assets (net)
-€49,413
Financing
-€59,735
Debts after one year
-€3,734
Current portion of long-term debt
+€9,351
Short-term financial debts
-€60,402
Contributions, distributions and other
-€4,950
Cash 2025
€55,522
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €788,549 | €682,767 | -€105,781 | -13.4% |
| Fixed assets | 21/28 | €129,434 | €123,388 | -€6,046 | -4.7% |
| Intangible fixed assets | 21 | €2,092 | €10,079 | +€7,987 | +382% |
| Tangible fixed assets | 22/27 | €125,741 | €111,709 | -€14,032 | -11.2% |
| Land and buildings | 22 | €11,061 | €27,417 | +€16,356 | +148% |
| Plant, machinery and equipment | 23 | €48,338 | €32,989 | -€15,348 | -31.8% |
| Furniture and vehicles | 24 | €28,398 | €26,006 | -€2,392 | -8.4% |
| Leasing and similar rights | 25 | €37,944 | €25,296 | -€12,648 | -33.3% |
| Financial fixed assets | 28 | €1,600 | €1,600 | = | 0.0% |
| Current assets | 29/58 | €659,115 | €559,379 | -€99,735 | -15.1% |
| Amounts receivable after more than one year | 29 | €21,668 | €33,227 | +€11,559 | +53.3% |
| Trade receivables | 290 | €21,668 | - | -€21,668 | |
| Other amounts receivable | 291 | - | €33,227 | +€33,227 | |
| Stocks and contracts in progress | 3 | €341,411 | €350,284 | +€8,873 | +2.6% |
| Stocks | 30/36 | €341,411 | €350,284 | +€8,873 | +2.6% |
| Amounts receivable within one year | 40/41 | €266,788 | €109,246 | -€157,543 | -59.1% |
| Trade receivables | 40 | €205,827 | €104,637 | -€101,191 | -49.2% |
| Other amounts receivable | 41 | €60,961 | €4,609 | -€56,352 | -92.4% |
| Cash at bank and in hand | 54/58 | €23,984 | €55,522 | +€31,538 | +131% |
| Deferred charges and accrued income | 490/1 | €5,263 | €11,101 | +€5,837 | +111% |
| Total equity and liabilities | 10/49 | €788,549 | €682,767 | -€105,781 | -13.4% |
| Equity | 10/15 | €184,468 | €205,672 | +€21,204 | +11.5% |
| Contributions | 10/11 | €74,789 | €74,789 | = | 0.0% |
| Contributions outside capital | 11 | €74,789 | - | -€74,789 | |
| Other | 1109/19 | €74,789 | - | -€74,789 | |
| Revaluation surpluses | 12 | €19,600 | €19,600 | = | 0.0% |
| Reserves | 13 | €107,479 | €107,479 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,479 | €7,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,479 | €7,479 | = | 0.0% |
| Distributable reserves | 133 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,853 | €301 | +€26,154 | |
| Investment grants | 15 | €8,452 | €3,502 | -€4,950 | -58.6% |
| Amounts payable | 17/49 | €604,081 | €477,096 | -€126,985 | -21.0% |
| Amounts payable after more than one year | 17 | €38,099 | €34,364 | -€3,734 | -9.8% |
| Financial debts | 170/4 | €38,099 | €34,364 | -€3,734 | -9.8% |
| Amounts payable within one year | 42/48 | €562,663 | €436,222 | -€126,441 | -22.5% |
| Current portion of amounts payable after more than one year | 42 | €41,617 | €50,968 | +€9,351 | +22.5% |
| Financial debts | 43 | €274,548 | €214,146 | -€60,402 | -22.0% |
| Credit institutions | 430/8 | €274,548 | €214,146 | -€60,402 | -22.0% |
| Trade debts | 44 | €157,910 | €139,567 | -€18,343 | -11.6% |
| Suppliers | 440/4 | €157,910 | €139,567 | -€18,343 | -11.6% |
| Taxes, remuneration and social security | 45 | €33,370 | €31,541 | -€1,829 | -5.5% |
| Taxes | 450/3 | €13,078 | €11,761 | -€1,317 | -10.1% |
| Remuneration and social security | 454/9 | €20,291 | €19,779 | -€512 | -2.5% |
| Other amounts payable | 47/48 | €55,219 | €0 | -€55,219 | -100% |
| Accrued charges and deferred income | 492/3 | €3,319 | €6,509 | +€3,190 | +96.1% |
| Non-recurring operating income | 76A | €652 | €0 | -€652 | -100% |
| Remuneration, social security and pensions | 62 | €284,789 | €282,508 | -€2,282 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,176 | €55,459 | -€1,716 | -3.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €10,998 | +€10,998 | |
| Other operating charges | 640/8 | €14,214 | €13,667 | -€547 | -3.9% |
| Non-recurring operating charges | 66A | €3,822 | €0 | -€3,822 | -100% |
| Gross operating margin | 9900 | €452,423 | €423,617 | -€28,807 | -6.4% |
| Operating profit (loss) | 9901 | €92,422 | €60,985 | -€31,437 | -34.0% |
| Financial income | 75/76B | €6,364 | €6,161 | -€203 | -3.2% |
| Recurring financial income | 75 | €6,364 | €6,161 | -€203 | -3.2% |
| Financial charges | 65/66B | €26,950 | €24,006 | -€2,944 | -10.9% |
| Recurring financial charges | 65 | €26,950 | €24,006 | -€2,944 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €71,836 | €43,140 | -€28,696 | -39.9% |
| Income taxes | 67/77 | €15,323 | €16,986 | +€1,663 | +10.9% |
| Profit (loss) for the period | 9904 | €56,513 | €26,154 | -€30,359 | -53.7% |
| Profit (loss) for the period to be appropriated | 9905 | €56,513 | €26,154 | -€30,359 | -53.7% |
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 16 October 2026 via checked.be.