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.
POLYMAT
Largest movements
- Receivables within one year +€51,087
up €51,087 (+106.1%), from €48,160 to €99,246
of which Other amounts receivable: +€48,829
- Tangible fixed assets -€13,057
down €13,057 (-29.3%), from €44,611 to €31,554
- Cash -€4,647
down €4,647 (-4.2%), from €111,103 to €106,456
mainly Receivables within one year (-€51,087) and Tax, wage and social debts (-€25,555)
- Reserves +€72,461
up €72,461 (+55.8%), from €129,763 to €202,223
- Tax, wage and social debts -€25,555
down €25,555 (-75.5%), from €33,848 to €8,293
- Debts after one year -€12,757
down €12,757 (-37.4%), from €34,151 to €21,394
- Gross operating margin +€13,286
up €13,286 (+12.5%), from €106,196 to €119,483
- Taxes +€4,164
up €4,164 (+13.4%), from €31,061 to €35,226
- Financial income +€1,414
up €1,414 (+61.7%), from €2,292 to €3,705
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 | €217,695 | €252,252 | +€34,557 | +15.9% |
| Fixed assets | 21/28 | €44,611 | €31,554 | -€13,057 | -29.3% |
| Tangible fixed assets | 22/27 | €44,611 | €31,554 | -€13,057 | -29.3% |
| Leasing and similar rights | 25 | €44,611 | €31,554 | -€13,057 | -29.3% |
| Current assets | 29/58 | €173,083 | €220,698 | +€47,614 | +27.5% |
| Amounts receivable within one year | 40/41 | €48,160 | €99,246 | +€51,087 | +106.1% |
| Trade receivables | 40 | €14,749 | €17,007 | +€2,257 | +15.3% |
| Other amounts receivable | 41 | €33,410 | €82,240 | +€48,829 | +146.1% |
| Current investments | 50/53 | €10,000 | €10,067 | +€66 | +0.7% |
| Cash at bank and in hand | 54/58 | €111,103 | €106,456 | -€4,647 | -4.2% |
| Deferred charges and accrued income | 490/1 | €3,820 | €4,929 | +€1,108 | +29.0% |
| Total equity and liabilities | 10/49 | €217,695 | €252,252 | +€34,557 | +15.9% |
| Equity | 10/15 | €135,960 | €208,421 | +€72,461 | +53.3% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €129,763 | €202,223 | +€72,461 | +55.8% |
| Distributable reserves | 133 | €129,763 | €202,223 | +€72,461 | +55.8% |
| Amounts payable | 17/49 | €81,735 | €43,831 | -€37,903 | -46.4% |
| Amounts payable after more than one year | 17 | €34,151 | €21,394 | -€12,757 | -37.4% |
| Financial debts | 170/4 | €34,151 | €21,394 | -€12,757 | -37.4% |
| Amounts payable within one year | 42/48 | €47,584 | €22,437 | -€25,147 | -52.8% |
| Current portion of amounts payable after more than one year | 42 | €12,357 | €12,757 | +€400 | +3.2% |
| Trade debts | 44 | €1,379 | €1,387 | +€8 | +0.6% |
| Suppliers | 440/4 | €1,379 | €1,387 | +€8 | +0.6% |
| Taxes, remuneration and social security | 45 | €33,848 | €8,293 | -€25,555 | -75.5% |
| Taxes | 450/3 | €33,848 | €8,293 | -€25,555 | -75.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,057 | €13,057 | = | 0.0% |
| Other operating charges | 640/8 | €1,499 | €1,016 | -€483 | -32.2% |
| Gross operating margin | 9900 | €106,196 | €119,483 | +€13,286 | +12.5% |
| Operating profit (loss) | 9901 | €91,640 | €105,410 | +€13,770 | +15.0% |
| Financial income | 75/76B | €2,292 | €3,705 | +€1,414 | +61.7% |
| Recurring financial income | 75 | €2,292 | €3,705 | +€1,414 | +61.7% |
| Financial charges | 65/66B | €1,928 | €1,429 | -€499 | -25.9% |
| Recurring financial charges | 65 | €1,928 | €1,429 | -€499 | -25.9% |
| Profit (loss) for the period before taxes | 9903 | €92,004 | €107,686 | +€15,683 | +17.0% |
| Income taxes | 67/77 | €31,061 | €35,226 | +€4,164 | +13.4% |
| Profit (loss) for the period | 9904 | €60,942 | €72,461 | +€11,518 | +18.9% |
| Profit (loss) for the period to be appropriated | 9905 | €60,942 | €72,461 | +€11,518 | +18.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.