POLYMAT: 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
POLYMAT
NACE 47.521, Retail sale of hardware, building materials, paint and glass (general range)
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€810,966
2024 · €965,038-€154,072
Equity
€3.1m
2024 · €3.3m-€189,034
Cash
€1.4m
2024 · €1.4m+€18,984
Balance sheet total
€5.5m
2024 · €5.5m-€9,998
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Profit (loss) carried forward -€189,034
down €189,034 (-5.9%), from €3.2m to €3.0m
- Other debts +€103,837
up €103,837 (+11.0%), from €939,793 to €1.0m
Income statement
- Gross operating margin -€207,638
down €207,638 (-8.4%), from €2.5m to €2.3m
- Taxes -€54,052
down €54,052 (-16.5%), from €327,682 to €273,630
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
€965,038
Gross operating margin
-€207,638
Staff costs
-€10,949
Depreciation
+€22,769
Write-downs
-€3,473
Other operating charges
+€662
Financial income
-€15,662
Financial charges
+€6,167
Taxes
+€54,052
Result 2025
€810,966
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.
From operations
+€1.1m
Investment
-€46,537
Financing
-€1.0m
Cash 2024
€1.4m
From operations (derived)
+€1.1m
Net result for the year
+€810,966
Depreciation
+€90,978
Stocks and contracts
+€10,893
Receivables within one year
-€36,534
Deferred charges and accrued income
+€10,182
Trade debts
+€19,009
Tax, wage and social debts
+€22,314
Advances received
-€183
Other debts
+€103,837
Accrued charges and deferred income
+€48,217
Investment (derived)
-€46,537
Investment in fixed assets (net)
-€46,537
Financing
-€1.0m
Debts after one year
-€14,434
Current portion of long-term debt
+€276
Contributions, distributions and other
-€1.0m
Cash 2025
€1.4m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,500,114 | €5,490,116 | -€9,998 | -0.2% |
| Fixed assets | 21/28 | €308,094 | €263,653 | -€44,441 | -14.4% |
| Intangible fixed assets | 21 | €36,846 | €30,914 | -€5,932 | -16.1% |
| Tangible fixed assets | 22/27 | €270,948 | €232,439 | -€38,509 | -14.2% |
| Plant, machinery and equipment | 23 | €4,034 | €24,206 | +€20,173 | +500.1% |
| Furniture and vehicles | 24 | €74,008 | €49,700 | -€24,307 | -32.8% |
| Other tangible fixed assets | 26 | €192,907 | €158,533 | -€34,374 | -17.8% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €5,192,020 | €5,226,463 | +€34,443 | +0.7% |
| Stocks and contracts in progress | 3 | €3,188,977 | €3,178,084 | -€10,893 | -0.3% |
| Stocks | 30/36 | €3,188,977 | €3,178,084 | -€10,893 | -0.3% |
| Amounts receivable within one year | 40/41 | €586,817 | €623,351 | +€36,534 | +6.2% |
| Trade receivables | 40 | €586,723 | €622,057 | +€35,334 | +6.0% |
| Other amounts receivable | 41 | €94 | €1,294 | +€1,200 | +1278.0% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,395,621 | €1,414,605 | +€18,984 | +1.4% |
| Deferred charges and accrued income | 490/1 | €20,606 | €10,424 | -€10,182 | -49.4% |
| Total equity and liabilities | 10/49 | €5,500,114 | €5,490,116 | -€9,998 | -0.2% |
| Equity | 10/15 | €3,319,697 | €3,130,663 | -€189,034 | -5.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €78,347 | €78,347 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,198 | €15,198 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Other | 1319 | €8,998 | €8,998 | = | 0.0% |
| Tax-exempt reserves | 132 | €21,999 | €21,999 | = | 0.0% |
| Distributable reserves | 133 | €41,150 | €41,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,179,350 | €2,990,316 | -€189,034 | -5.9% |
| Amounts payable | 17/49 | €2,180,418 | €2,359,453 | +€179,036 | +8.2% |
| Amounts payable after more than one year | 17 | €36,615 | €22,181 | -€14,434 | -39.4% |
| Financial debts | 170/4 | €36,615 | €22,181 | -€14,434 | -39.4% |
| Amounts payable within one year | 42/48 | €1,653,603 | €1,798,855 | +€145,253 | +8.8% |
| Current portion of amounts payable after more than one year | 42 | €14,158 | €14,434 | +€276 | +1.9% |
| Trade debts | 44 | €314,886 | €333,895 | +€19,009 | +6.0% |
| Suppliers | 440/4 | €314,886 | €333,895 | +€19,009 | +6.0% |
| Advances received on contracts in progress | 46 | €50,584 | €50,401 | -€183 | -0.4% |
| Taxes, remuneration and social security | 45 | €334,181 | €356,496 | +€22,314 | +6.7% |
| Taxes | 450/3 | €190,911 | €209,446 | +€18,535 | +9.7% |
| Remuneration and social security | 454/9 | €143,270 | €147,050 | +€3,779 | +2.6% |
| Other amounts payable | 47/48 | €939,793 | €1,043,630 | +€103,837 | +11.0% |
| Accrued charges and deferred income | 492/3 | €490,200 | €538,417 | +€48,217 | +9.8% |
| Non-recurring operating income | 76A | €2,479 | €7,471 | +€4,991 | +201.3% |
| Remuneration, social security and pensions | 62 | €1,181,569 | €1,192,518 | +€10,949 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113,747 | €90,978 | -€22,769 | -20.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,684 | -€1,210 | +€3,473 | +74.2% |
| Other operating charges | 640/8 | €12,012 | €11,350 | -€662 | -5.5% |
| Gross operating margin | 9900 | €2,474,029 | €2,266,391 | -€207,638 | -8.4% |
| Operating profit (loss) | 9901 | €1,171,384 | €972,755 | -€198,629 | -17.0% |
| Financial income | 75/76B | €134,388 | €118,725 | -€15,662 | -11.7% |
| Recurring financial income | 75 | €134,388 | €118,725 | -€15,662 | -11.7% |
| Financial charges | 65/66B | €13,051 | €6,884 | -€6,167 | -47.3% |
| Recurring financial charges | 65 | €13,051 | €6,884 | -€6,167 | -47.3% |
| Profit (loss) for the period before taxes | 9903 | €1,292,721 | €1,084,596 | -€208,125 | -16.1% |
| Income taxes | 67/77 | €327,682 | €273,630 | -€54,052 | -16.5% |
| Profit (loss) for the period | 9904 | €965,038 | €810,966 | -€154,072 | -16.0% |
| Profit (loss) for the period to be appropriated | 9905 | €965,038 | €810,966 | -€154,072 | -16.0% |
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.