Polymat Holding: 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.
Polymat Holding
Largest movements
- Cash +€1.1m
up €1.1m (+2215.6%), from €48,831 to €1.1m
mainly Net result for the year (+€1.0m) and Current investments (+€559,284)
- Current investments -€559,284
down €559,284 (-12.0%), from €4.7m to €4.1m
- Receivables within one year +€438,189
up €438,189 (+88.5%), from €495,121 to €933,309
of which Other amounts receivable: +€448,615
- Profit (loss) carried forward +€942,928
up €942,928 (+10.8%), from €8.8m to €9.7m
- Financial income +€30,296
up €30,296 (+3.1%), from €971,930 to €1.0m
- Taxes -€17,916
down €17,916 (-31.6%), from €56,701 to €38,785
of which Taxes: -€17,897
- Staff costs -€10,889
down €10,889 (-5.1%), from €213,534 to €202,645
- Turnover -€8,341
down €8,341 (-2.1%), from €395,903 to €387,562
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 | €12,679,513 | €13,604,712 | +€925,200 | +7.3% |
| Fixed assets | 21/28 | €7,430,673 | €7,430,673 | = | 0.0% |
| Financial fixed assets | 28 | €7,430,673 | €7,430,673 | = | 0.0% |
| Affiliated companies | 280/1 | €7,430,673 | €7,430,673 | = | 0.0% |
| Participating interests | 280 | €7,430,673 | €7,430,673 | = | 0.0% |
| Current assets | 29/58 | €5,248,839 | €6,174,039 | +€925,200 | +17.6% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €495,121 | €933,309 | +€438,189 | +88.5% |
| Trade receivables | 40 | €46,086 | €35,659 | -€10,426 | -22.6% |
| Other amounts receivable | 41 | €449,035 | €897,650 | +€448,615 | +99.9% |
| Current investments | 50/53 | €4,650,945 | €4,091,661 | -€559,284 | -12.0% |
| Other investments | 51/53 | €4,650,945 | €4,091,661 | -€559,284 | -12.0% |
| Cash at bank and in hand | 54/58 | €48,831 | €1,130,743 | +€1.1m | +2215.6% |
| Deferred charges and accrued income | 490/1 | €53,943 | €18,326 | -€35,617 | -66.0% |
| Total equity and liabilities | 10/49 | €12,679,513 | €13,604,712 | +€925,200 | +7.3% |
| Equity | 10/15 | €12,516,064 | €13,458,992 | +€942,928 | +7.5% |
| Contributions | 10/11 | €3,402,714 | €3,402,714 | = | 0.0% |
| Reserves | 13 | €358,800 | €358,800 | = | 0.0% |
| Distributable reserves | 133 | €358,800 | €358,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,754,550 | €9,697,478 | +€942,928 | +10.8% |
| Amounts payable | 17/49 | €163,449 | €145,721 | -€17,728 | -10.8% |
| Amounts payable within one year | 42/48 | €146,106 | €139,025 | -€7,081 | -4.8% |
| Financial debts | 43 | - | €6 | +€6 | |
| Credit institutions | 430/8 | - | €6 | +€6 | |
| Trade debts | 44 | €22,625 | €12,297 | -€10,328 | -45.6% |
| Suppliers | 440/4 | €22,625 | €12,297 | -€10,328 | -45.6% |
| Taxes, remuneration and social security | 45 | €53,481 | €56,722 | +€3,241 | +6.1% |
| Taxes | 450/3 | €20,530 | €21,512 | +€982 | +4.8% |
| Remuneration and social security | 454/9 | €32,951 | €35,210 | +€2,259 | +6.9% |
| Other amounts payable | 47/48 | €70,000 | €70,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €17,343 | €6,696 | -€10,647 | -61.4% |
| Operating income | 70/76A | €396,954 | €387,562 | -€9,392 | -2.4% |
| Turnover | 70 | €395,903 | €387,562 | -€8,341 | -2.1% |
| Other operating income | 74 | €1,052 | €0 | -€1,052 | -100.0% |
| Operating charges | 60/66A | €346,894 | €338,021 | -€8,873 | -2.6% |
| Services and other goods | 61 | €131,826 | €133,883 | +€2,056 | +1.6% |
| Remuneration, social security and pensions | 62 | €213,534 | €202,645 | -€10,889 | -5.1% |
| Other operating charges | 640/8 | €1,534 | €1,494 | -€40 | -2.6% |
| Operating profit (loss) | 9901 | €50,061 | €49,541 | -€520 | -1.0% |
| Financial income | 75/76B | €971,930 | €1,002,226 | +€30,296 | +3.1% |
| Recurring financial income | 75 | €971,930 | €1,002,226 | +€30,296 | +3.1% |
| Income from financial fixed assets | 750 | €797,333 | €897,000 | +€99,667 | +12.5% |
| Income from current assets | 751 | €174,596 | €102,680 | -€71,917 | -41.2% |
| Other financial income | 752/9 | €0 | €2,546 | +€2,546 | |
| Financial charges | 65/66B | €941 | €55 | -€887 | -94.2% |
| Recurring financial charges | 65 | €941 | €55 | -€887 | -94.2% |
| Debt charges | 650 | €77 | €0 | -€77 | -100.0% |
| Other financial charges | 652/9 | €864 | €55 | -€810 | -93.7% |
| Profit (loss) for the period before taxes | 9903 | €1,021,049 | €1,051,712 | +€30,663 | +3.0% |
| Income taxes | 67/77 | €56,701 | €38,785 | -€17,916 | -31.6% |
| Taxes | 670/3 | €56,701 | €38,804 | -€17,897 | -31.6% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | €19 | +€19 | |
| Profit (loss) for the period | 9904 | €964,349 | €1,012,928 | +€48,579 | +5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €964,349 | €1,012,928 | +€48,579 | +5.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.