POLYMER TEAM: 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 TEAM
NACE 20.160, Manufacture of chemicals and chemical products
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · €1.9m-€835,798
Equity
€10.3m
2024 · €11.2m-€935,901
Cash
€131,902
2024 · €64,220+€67,682
Balance sheet total
€25.3m
2024 · €26.5m-€1.2m
Largest movements
Assets
- Receivables within one year -€1.7m
down €1.7m (-28.4%), from €6.1m to €4.3m
of which Trade receivables: -€1.4m
- Stocks and contracts +€999,960
up €999,960 (+9.4%), from €10.7m to €11.7m
- Tangible fixed assets -€518,624
down €518,624 (-7.1%), from €7.3m to €6.8m
of which Plant, machinery and equipment: -€506,837
Equity and liabilities
- Short-term financial debts +€2.5m
up €2.5m (+43.5%), from €5.8m to €8.3m
- Debts after one year -€2.1m
down €2.1m (-37.6%), from €5.6m to €3.5m
of which Other amounts payable: -€1.4m
- Reserves -€935,901
down €935,901 (-8.4%), from €11.1m to €10.2m
of which Tax-exempt reserves: -€1.2m
- Current portion of long-term debt -€387,694
down €387,694 (-35.2%), from €1.1m to €714,286
- Tax, wage and social debts -€321,297
down €321,297 (-54.8%), from €586,714 to €265,417
of which Taxes: -€272,843
Income statement
- Turnover -€1.8m
down €1.8m (-5.1%), from €34.7m to €32.9m
- Goods and materials -€1.4m
down €1.4m (-5.5%), from €25.4m to €24.0m
- Financial income +€1.1m
new in 2025: €1.1m
- Services and other goods +€646,276
up €646,276 (+12.0%), from €5.4m to €6.0m
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
€1.9m
Turnover
-€1.8m
Other operating income
+€15,690
Goods and materials
+€1.4m
Services and other goods
-€646,276
Staff costs
-€168,990
Depreciation
-€47,893
Other operating charges
-€5,118
Other operating items
-€124,542
Financial income
+€1.1m
Financial charges
+€19,413
Other financial items
-€801,424
Taxes
+€218,521
Result 2025
€1.1m
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
+€2.5m
Investment
-€433,640
Financing
-€2.0m
Cash 2024
€64,220
From operations (derived)
+€2.5m
Net result for the year
+€1.1m
Depreciation
+€952,264
Stocks and contracts
-€999,960
Receivables within one year
+€1.7m
Smaller working-capital items
-€303
Trade debts
+€64,843
Tax, wage and social debts
-€321,297
Advances received
+€14,328
Investment (derived)
-€433,640
Investment in fixed assets (net)
-€433,640
Financing
-€2.0m
Debts after one year
-€2.1m
Current portion of long-term debt
-€387,694
Short-term financial debts
+€2.5m
Contributions, distributions and other
-€2.0m
Not broken down
+€1
Cash 2025
€131,902
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,476,305 | €25,304,804 | -€1.2m | -4.4% |
| Fixed assets | 21/28 | €9,649,186 | €9,130,562 | -€518,624 | -5.4% |
| Tangible fixed assets | 22/27 | €7,341,791 | €6,823,167 | -€518,624 | -7.1% |
| Land and buildings | 22 | €552,836 | €545,966 | -€6,870 | -1.2% |
| Plant, machinery and equipment | 23 | €6,683,282 | €6,176,446 | -€506,837 | -7.6% |
| Furniture and vehicles | 24 | €105,673 | €100,755 | -€4,918 | -4.7% |
| Financial fixed assets | 28 | €2,307,395 | €2,307,395 | +€0 | 0.0% |
| Affiliated companies | 280/1 | €2,305,917 | €2,305,917 | +€0 | 0.0% |
| Participating interests | 280 | €2,305,917 | €2,305,917 | +€0 | 0.0% |
| Other financial fixed assets | 284/8 | €1,478 | €1,478 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,478 | €1,478 | = | 0.0% |
| Current assets | 29/58 | €16,827,119 | €16,174,242 | -€652,877 | -3.9% |
| Stocks and contracts in progress | 3 | €10,654,597 | €11,654,557 | +€999,960 | +9.4% |
| Stocks | 30/36 | €10,654,597 | €11,654,557 | +€999,960 | +9.4% |
| Raw materials and consumables | 30/31 | €5,802,866 | €6,528,689 | +€725,823 | +12.5% |
| Work in progress | 32 | €70,520 | €115,494 | +€44,974 | +63.8% |
| Finished goods | 33 | €3,230,830 | €3,655,541 | +€424,711 | +13.1% |
| Goods purchased for resale | 34 | €1,083,653 | €1,325,640 | +€241,987 | +22.3% |
| Advance payments | 36 | €466,729 | €29,194 | -€437,535 | -93.7% |
| Amounts receivable within one year | 40/41 | €6,054,668 | €4,336,951 | -€1.7m | -28.4% |
| Trade receivables | 40 | €5,561,096 | €4,164,476 | -€1.4m | -25.1% |
| Other amounts receivable | 41 | €493,572 | €172,475 | -€321,097 | -65.1% |
| Cash at bank and in hand | 54/58 | €64,220 | €131,902 | +€67,682 | +105.4% |
| Deferred charges and accrued income | 490/1 | €53,634 | €50,832 | -€2,802 | -5.2% |
| Total equity and liabilities | 10/49 | €26,476,305 | €25,304,804 | -€1.2m | -4.4% |
| Equity | 10/15 | €11,202,626 | €10,266,725 | -€935,901 | -8.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €11,102,626 | €10,166,725 | -€935,901 | -8.4% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,157,750 | - | -€1.2m | |
| Distributable reserves | 133 | €9,934,876 | €10,156,725 | +€221,849 | +2.2% |
| Amounts payable | 17/49 | €15,273,680 | €15,038,078 | -€235,602 | -1.5% |
| Amounts payable after more than one year | 17 | €5,609,788 | €3,502,265 | -€2.1m | -37.6% |
| Financial debts | 170/4 | €3,571,429 | €2,857,143 | -€714,286 | -20.0% |
| Credit institutions | 173 | €3,571,429 | €2,857,143 | -€714,286 | -20.0% |
| Other amounts payable | 178/9 | €2,038,359 | €645,122 | -€1.4m | -68.4% |
| Amounts payable within one year | 42/48 | €9,648,932 | €11,523,958 | +€1.9m | +19.4% |
| Current portion of amounts payable after more than one year | 42 | €1,101,980 | €714,286 | -€387,694 | -35.2% |
| Financial debts | 43 | €5,760,000 | €8,264,846 | +€2.5m | +43.5% |
| Credit institutions | 430/8 | €5,760,000 | €8,264,846 | +€2.5m | +43.5% |
| Trade debts | 44 | €2,200,238 | €2,265,081 | +€64,843 | +2.9% |
| Suppliers | 440/4 | €2,200,238 | €2,265,081 | +€64,843 | +2.9% |
| Advances received on contracts in progress | 46 | - | €14,328 | +€14,328 | |
| Taxes, remuneration and social security | 45 | €586,714 | €265,417 | -€321,297 | -54.8% |
| Taxes | 450/3 | €315,240 | €42,397 | -€272,843 | -86.6% |
| Remuneration and social security | 454/9 | €271,474 | €223,020 | -€48,454 | -17.8% |
| Accrued charges and deferred income | 492/3 | €14,960 | €11,856 | -€3,104 | -20.8% |
| Operating income | 70/76A | €35,427,778 | €33,564,332 | -€1.9m | -5.3% |
| Turnover | 70 | €34,686,600 | €32,932,005 | -€1.8m | -5.1% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €485,400 | €469,685 | -€15,715 | -3.2% |
| Other operating income | 74 | €138,202 | €153,892 | +€15,690 | +11.4% |
| Non-recurring operating income | 76A | €117,576 | €8,750 | -€108,826 | -92.6% |
| Operating charges | 60/66A | €33,449,808 | €32,912,362 | -€537,446 | -1.6% |
| Goods for resale, raw materials and consumables | 60 | €25,427,983 | €24,022,259 | -€1.4m | -5.5% |
| Purchases | 600/8 | - | €24,990,068 | +€25.0m | |
| Change in stocks: decrease (increase) | 609 | -€1,370,747 | -€967,810 | +€402,937 | +29.4% |
| Services and other goods | 61 | €5,398,577 | €6,044,853 | +€646,276 | +12.0% |
| Remuneration, social security and pensions | 62 | €1,669,331 | €1,838,321 | +€168,990 | +10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €904,371 | €952,264 | +€47,893 | +5.3% |
| Other operating charges | 640/8 | €49,547 | €54,665 | +€5,118 | +10.3% |
| Operating profit (loss) | 9901 | €1,977,970 | €651,970 | -€1.3m | -67.0% |
| Financial income | 75/76B | - | €1,053,692 | +€1.1m | |
| Recurring financial income | 75 | €801,424 | €1,053,692 | +€252,268 | +31.5% |
| Income from financial fixed assets | 750 | €780,307 | €1,016,256 | +€235,949 | +30.2% |
| Income from current assets | 751 | €41 | €56 | +€15 | +37.7% |
| Other financial income | 752/9 | €21,076 | €37,379 | +€16,303 | +77.4% |
| Financial charges | 65/66B | €615,622 | €596,209 | -€19,413 | -3.2% |
| Recurring financial charges | 65 | €615,622 | €596,209 | -€19,413 | -3.2% |
| Debt charges | 650 | €453,088 | €370,487 | -€82,601 | -18.2% |
| Other financial charges | 652/9 | €162,534 | €225,722 | +€63,188 | +38.9% |
| Profit (loss) for the period before taxes | 9903 | €2,163,772 | €1,109,454 | -€1.1m | -48.7% |
| Income taxes | 67/77 | €263,875 | €45,354 | -€218,521 | -82.8% |
| Taxes | 670/3 | €328,936 | €45,354 | -€283,582 | -86.2% |
| Tax adjustments and reversals of tax provisions | 77 | €65,061 | - | -€65,061 | |
| Profit (loss) for the period | 9904 | €1,899,897 | €1,064,099 | -€835,798 | -44.0% |
| Transfer from tax-exempt reserves | 789 | €421,000 | €1,157,750 | +€736,750 | +175.0% |
| Transfer to tax-exempt reserves | 689 | €199,463 | - | -€199,463 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,121,434 | €2,221,849 | +€100,415 | +4.7% |
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 10 October 2026 via checked.be.