POLYMER CONTRACTORS: 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
POLYMER CONTRACTORS
NACE 52.100, Warehousing and storage
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€44,579
2024 · €551,672-€596,251
Equity
€390,643
2024 · €435,223-€44,579
Cash
€988
2024 · €1,936-€949
Balance sheet total
€3.2m
2024 · €7.6m-€4.4m
Largest movements
Assets
- Receivables within one year -€3.9m
down €3.9m (-57.4%), from €6.8m to €2.9m
of which Other amounts receivable: -€3.8m
- Deferred charges and accrued income -€465,649
down €465,649 (-88.5%), from €525,986 to €60,337
Equity and liabilities
- Current portion of long-term debt -€2.3m
no longer reported in 2025 (was €2.3m)
- Trade debts -€950,001
down €950,001 (-33.0%), from €2.9m to €1.9m
- Accrued charges and deferred income -€829,524
down €829,524 (-100%), from €829,524 to €0
- Tax, wage and social debts -€246,835
down €246,835 (-41.4%), from €595,964 to €349,129
of which Taxes: -€175,461
Income statement
- Services and other goods +€1.1m
up €1.1m (+16.3%), from €6.7m to €7.8m
- Taxes -€181,561
down €181,561 (-94.7%), from €191,735 to €10,174
- Staff costs -€154,768
down €154,768 (-6.4%), from €2.4m to €2.3m
- Turnover +€104,156
up €104,156 (+1.0%), from €10.0m to €10.1m
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
€551,672
Turnover
+€104,156
Other operating income
+€23,243
Services and other goods
-€1.1m
Staff costs
+€154,768
Depreciation
+€58,124
Provisions
+€32,229
Other operating charges
-€8,575
Other operating items
+€13,455
Financial income
-€80,500
Financial charges
+€23,937
Taxes
+€181,561
Result 2025
-€44,579
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
+€2.3m
Investment
-€30,077
Financing
-€2.3m
Cash 2024
€1,936
From operations (derived)
+€2.3m
Net result for the year
-€44,579
Depreciation
+€52,261
Receivables within one year
+€3.9m
Deferred charges and accrued income
+€465,649
Provisions
-€43,325
Trade debts
-€950,001
Tax, wage and social debts
-€246,835
Accrued charges and deferred income
-€829,524
Investment (derived)
-€30,077
Investment in fixed assets (net)
-€30,077
Financing
-€2.3m
Current portion of long-term debt
-€2.3m
Cash 2025
€988
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,613,658 | €3,196,997 | -€4.4m | -58.0% |
| Fixed assets | 21/28 | €237,946 | €215,761 | -€22,185 | -9.3% |
| Tangible fixed assets | 22/27 | €202,831 | €180,647 | -€22,185 | -10.9% |
| Land and buildings | 22 | €146,408 | €119,997 | -€26,411 | -18.0% |
| Plant, machinery and equipment | 23 | €32,470 | €18,825 | -€13,645 | -42.0% |
| Furniture and vehicles | 24 | €23,954 | €41,825 | +€17,871 | +74.6% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €35,114 | €35,114 | = | 0.0% |
| Affiliated companies | 280/1 | €0 | - | = | |
| Amounts receivable | 281 | €0 | - | = | |
| Other financial fixed assets | 284/8 | €35,114 | €35,114 | = | 0.0% |
| Shares | 284 | €400 | €400 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €34,714 | €34,714 | = | 0.0% |
| Current assets | 29/58 | €7,375,712 | €2,981,235 | -€4.4m | -59.6% |
| Amounts receivable within one year | 40/41 | €6,847,790 | €2,919,910 | -€3.9m | -57.4% |
| Trade receivables | 40 | €1,280,663 | €1,143,567 | -€137,097 | -10.7% |
| Other amounts receivable | 41 | €5,567,127 | €1,776,344 | -€3.8m | -68.1% |
| Cash at bank and in hand | 54/58 | €1,936 | €988 | -€949 | -49.0% |
| Deferred charges and accrued income | 490/1 | €525,986 | €60,337 | -€465,649 | -88.5% |
| Total equity and liabilities | 10/49 | €7,613,658 | €3,196,997 | -€4.4m | -58.0% |
| Equity | 10/15 | €435,223 | €390,643 | -€44,579 | -10.2% |
| Contributions | 10/11 | €862,000 | €862,000 | = | 0.0% |
| Capital | 10 | €862,000 | €862,000 | = | 0.0% |
| Issued capital | 100 | €862,000 | €862,000 | = | 0.0% |
| Reserves | 13 | €77,844 | €74,616 | -€3,227 | -4.1% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €71,646 | €68,419 | -€3,227 | -4.5% |
| Profit (loss) carried forward | 14 | -€504,621 | -€545,973 | -€41,352 | -8.2% |
| Provisions and deferred taxes | 16 | €573,003 | €529,678 | -€43,325 | -7.6% |
| Provisions for liabilities and charges | 160/5 | €555,428 | €516,203 | -€39,225 | -7.1% |
| Major repairs and maintenance | 162 | €456,703 | €456,703 | = | 0.0% |
| Environmental obligations | 163 | €98,725 | €59,500 | -€39,225 | -39.7% |
| Deferred taxes | 168 | €17,575 | €13,475 | -€4,100 | -23.3% |
| Amounts payable | 17/49 | €6,605,432 | €2,276,675 | -€4.3m | -65.5% |
| Amounts payable within one year | 42/48 | €5,775,908 | €2,276,675 | -€3.5m | -60.6% |
| Current portion of amounts payable after more than one year | 42 | €2,302,397 | - | -€2.3m | |
| Trade debts | 44 | €2,877,547 | €1,927,546 | -€950,001 | -33.0% |
| Suppliers | 440/4 | €2,877,547 | €1,927,546 | -€950,001 | -33.0% |
| Taxes, remuneration and social security | 45 | €595,964 | €349,129 | -€246,835 | -41.4% |
| Taxes | 450/3 | €196,618 | €21,157 | -€175,461 | -89.2% |
| Remuneration and social security | 454/9 | €399,346 | €327,972 | -€71,374 | -17.9% |
| Accrued charges and deferred income | 492/3 | €829,524 | €0 | -€829,524 | -100% |
| Operating income | 70/76A | €10,049,820 | €10,190,675 | +€140,855 | +1.4% |
| Turnover | 70 | €10,014,524 | €10,118,681 | +€104,156 | +1.0% |
| Other operating income | 74 | €34,939 | €58,183 | +€23,243 | +66.5% |
| Non-recurring operating income | 76A | €357 | €13,812 | +€13,455 | +3,774% |
| Operating charges | 60/66A | €9,384,387 | €10,246,492 | +€862,104 | +9.2% |
| Services and other goods | 61 | €6,721,327 | €7,819,978 | +€1.1m | +16.3% |
| Remuneration, social security and pensions | 62 | €2,432,552 | €2,277,784 | -€154,768 | -6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,386 | €52,261 | -€58,124 | -52.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€6,995 | -€39,225 | -€32,229 | -461% |
| Other operating charges | 640/8 | €127,119 | €135,693 | +€8,575 | +6.7% |
| Operating profit (loss) | 9901 | €665,433 | -€55,816 | -€721,249 | |
| Financial income | 75/76B | €122,123 | €41,623 | -€80,500 | -65.9% |
| Recurring financial income | 75 | €122,123 | €41,623 | -€80,500 | -65.9% |
| Income from financial fixed assets | 750 | €43,724 | €5,451 | -€38,273 | -87.5% |
| Income from current assets | 751 | €78,310 | €36,172 | -€42,137 | -53.8% |
| Other financial income | 752/9 | €89 | €0 | -€89 | -100.0% |
| Financial charges | 65/66B | €48,249 | €24,312 | -€23,937 | -49.6% |
| Recurring financial charges | 65 | €48,249 | €24,312 | -€23,937 | -49.6% |
| Debt charges | 650 | €46,970 | €23,018 | -€23,952 | -51.0% |
| Other financial charges | 652/9 | €1,279 | €1,294 | +€15 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €739,307 | -€38,505 | -€777,812 | |
| Transfer from deferred taxes | 780 | €4,100 | €4,100 | = | 0.0% |
| Income taxes | 67/77 | €191,735 | €10,174 | -€181,561 | -94.7% |
| Taxes | 670/3 | €191,735 | €10,174 | -€181,561 | -94.7% |
| Profit (loss) for the period | 9904 | €551,672 | -€44,579 | -€596,251 | |
| Transfer from tax-exempt reserves | 789 | €12,976 | €12,301 | -€675 | -5.2% |
| Transfer to tax-exempt reserves | 689 | - | €9,073 | +€9,073 | |
| Profit (loss) for the period to be appropriated | 9905 | €564,648 | -€41,352 | -€605,999 |
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 15 October 2026 via checked.be.