POLYMECA MARINE: 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.
POLYMECA MARINE
Largest movements
- Receivables within one year +€22,868
up €22,868 (+27.8%), from €82,326 to €105,194
of which Trade receivables: +€22,521
- Deferred charges and accrued income -€4,899
down €4,899 (-84.5%), from €5,799 to €901
- Cash -€4,703
down €4,703 (-28.8%), from €16,357 to €11,654
mainly Receivables within one year (-€22,868) and Investment in fixed assets (net) (-€7,833)
- Tangible fixed assets -€4,301
down €4,301 (-14.1%), from €30,483 to €26,183
of which Furniture and vehicles: -€9,503
- Reserves +€14,288
up €14,288 (+92.0%), from €15,534 to €29,823
- Debts after one year -€5,231
down €5,231 (-34.0%), from €15,406 to €10,175
- Advances received -€3,168
down €3,168 (-57.6%), from €5,500 to €2,332
- Tax, wage and social debts +€3,076
up €3,076 (+59.5%), from €5,174 to €8,250
of which Taxes: +€3,120
- Gross operating margin +€18,195
up €18,195 (+101%), from €17,983 to €36,178
- Taxes +€4,537
up €4,537 (+454%), from €1,000 to €5,537
- Depreciation +€3,326
up €3,326 (+37.8%), from €8,808 to €12,134
- Other operating charges -€901
down €901 (-42.2%), from €2,134 to €1,233
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €148,675 | €157,640 | +€8,966 | +6.0% |
| Fixed assets | 21/28 | €30,483 | €26,183 | -€4,301 | -14.1% |
| Tangible fixed assets | 22/27 | €30,483 | €26,183 | -€4,301 | -14.1% |
| Plant, machinery and equipment | 23 | €5,825 | €11,027 | +€5,202 | +89.3% |
| Furniture and vehicles | 24 | €24,659 | €15,156 | -€9,503 | -38.5% |
| Current assets | 29/58 | €118,191 | €131,458 | +€13,266 | +11.2% |
| Stocks and contracts in progress | 3 | €13,709 | €13,709 | = | 0.0% |
| Contracts in progress | 37 | €13,709 | €13,709 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €82,326 | €105,194 | +€22,868 | +27.8% |
| Trade receivables | 40 | €78,066 | €100,587 | +€22,521 | +28.8% |
| Other amounts receivable | 41 | €4,259 | €4,606 | +€347 | +8.1% |
| Cash at bank and in hand | 54/58 | €16,357 | €11,654 | -€4,703 | -28.8% |
| Deferred charges and accrued income | 490/1 | €5,799 | €901 | -€4,899 | -84.5% |
| Total equity and liabilities | 10/49 | €148,675 | €157,640 | +€8,966 | +6.0% |
| Equity | 10/15 | €91,718 | €106,007 | +€14,288 | +15.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €15,534 | €29,823 | +€14,288 | +92.0% |
| Distributable reserves | 133 | €15,534 | €29,823 | +€14,288 | +92.0% |
| Profit (loss) carried forward | 14 | €69,984 | €69,984 | = | 0.0% |
| Amounts payable | 17/49 | €56,957 | €51,634 | -€5,323 | -9.3% |
| Amounts payable after more than one year | 17 | €15,406 | €10,175 | -€5,231 | -34.0% |
| Financial debts | 170/4 | €15,406 | €10,175 | -€5,231 | -34.0% |
| Amounts payable within one year | 42/48 | €41,551 | €41,459 | -€92 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €5,018 | €5,231 | +€213 | +4.3% |
| Trade debts | 44 | €25,851 | €25,638 | -€214 | -0.8% |
| Suppliers | 440/4 | €25,851 | €25,638 | -€214 | -0.8% |
| Advances received on contracts in progress | 46 | €5,500 | €2,332 | -€3,168 | -57.6% |
| Taxes, remuneration and social security | 45 | €5,174 | €8,250 | +€3,076 | +59.5% |
| Taxes | 450/3 | €5,130 | €8,250 | +€3,120 | +60.8% |
| Remuneration and social security | 454/9 | €44 | - | -€44 | |
| Other amounts payable | 47/48 | €8 | €8 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €1,290 | €1,321 | +€31 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,808 | €12,134 | +€3,326 | +37.8% |
| Other operating charges | 640/8 | €2,134 | €1,233 | -€901 | -42.2% |
| Gross operating margin | 9900 | €17,983 | €36,178 | +€18,195 | +101% |
| Operating profit (loss) | 9901 | €5,750 | €21,490 | +€15,740 | +274% |
| Financial income | 75/76B | €97 | €202 | +€105 | +107% |
| Recurring financial income | 75 | €97 | €202 | +€105 | +107% |
| Financial charges | 65/66B | €1,565 | €1,866 | +€301 | +19.2% |
| Recurring financial charges | 65 | €1,565 | €1,866 | +€301 | +19.2% |
| Profit (loss) for the period before taxes | 9903 | €4,282 | €19,825 | +€15,543 | +363% |
| Income taxes | 67/77 | €1,000 | €5,537 | +€4,537 | +454% |
| Profit (loss) for the period | 9904 | €3,282 | €14,288 | +€11,007 | +335% |
| Profit (loss) for the period to be appropriated | 9905 | €3,282 | €14,288 | +€11,007 | +335% |
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 30 October 2026 via checked.be.