POLYMER TECHNOLOGY: 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.
POLYMER TECHNOLOGY
Largest movements
- Tangible fixed assets +€156,325
up €156,325 (+2050.1%), from €7,625 to €163,951
of which Furniture and vehicles: +€158,431
- Cash -€123,818
down €123,818 (-9.3%), from €1.3m to €1.2m
mainly Trade debts (-€272,427) and Investment in fixed assets (net) (-€186,859)
- Receivables within one year -€38,426
down €38,426 (-16.4%), from €234,122 to €195,696
of which Trade receivables: -€32,743
- Trade debts -€272,427
down €272,427 (-71.3%), from €381,925 to €109,499
- Reserves +€233,517
up €233,517 (+19.7%), from €1.2m to €1.4m
- Tax, wage and social debts +€26,540
new in 2025: €26,540
- Gross operating margin +€207,271
up €207,271 (+58.1%), from €356,522 to €563,793
- Taxes +€51,986
up €51,986 (+87.6%), from €59,338 to €111,324
- Depreciation +€27,919
up €27,919 (+1067.7%), from €2,615 to €30,534
- Staff costs +€9,651
up €9,651 (+6.2%), from €156,434 to €166,085
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 | €1,580,504 | €1,577,293 | -€3,211 | -0.2% |
| Fixed assets | 21/28 | €7,625 | €163,951 | +€156,325 | +2050.1% |
| Tangible fixed assets | 22/27 | €7,625 | €163,951 | +€156,325 | +2050.1% |
| Plant, machinery and equipment | 23 | €7,155 | €5,050 | -€2,106 | -29.4% |
| Furniture and vehicles | 24 | €470 | €158,901 | +€158,431 | +33703.7% |
| Current assets | 29/58 | €1,572,879 | €1,413,343 | -€159,536 | -10.1% |
| Stocks and contracts in progress | 3 | €10,552 | €13,260 | +€2,708 | +25.7% |
| Stocks | 30/36 | €10,552 | €13,260 | +€2,708 | +25.7% |
| Amounts receivable within one year | 40/41 | €234,122 | €195,696 | -€38,426 | -16.4% |
| Trade receivables | 40 | €226,606 | €193,863 | -€32,743 | -14.4% |
| Other amounts receivable | 41 | €7,517 | €1,834 | -€5,683 | -75.6% |
| Cash at bank and in hand | 54/58 | €1,328,205 | €1,204,387 | -€123,818 | -9.3% |
| Total equity and liabilities | 10/49 | €1,580,504 | €1,577,293 | -€3,211 | -0.2% |
| Equity | 10/15 | €1,198,579 | €1,432,096 | +€233,517 | +19.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,186,179 | €1,419,696 | +€233,517 | +19.7% |
| Distributable reserves | 133 | €1,186,179 | €1,419,696 | +€233,517 | +19.7% |
| Amounts payable | 17/49 | €381,925 | €145,197 | -€236,728 | -62.0% |
| Amounts payable within one year | 42/48 | €381,925 | €145,197 | -€236,728 | -62.0% |
| Trade debts | 44 | €381,925 | €109,499 | -€272,427 | -71.3% |
| Suppliers | 440/4 | €381,925 | €109,499 | -€272,427 | -71.3% |
| Taxes, remuneration and social security | 45 | - | €26,540 | +€26,540 | |
| Taxes | 450/3 | - | €26,540 | +€26,540 | |
| Other amounts payable | 47/48 | - | €9,158 | +€9,158 | |
| Non-recurring operating income | 76A | - | €34,290 | +€34,290 | |
| Remuneration, social security and pensions | 62 | €156,434 | €166,085 | +€9,651 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,615 | €30,534 | +€27,919 | +1067.7% |
| Other operating charges | 640/8 | €5,025 | €3,249 | -€1,776 | -35.3% |
| Gross operating margin | 9900 | €356,522 | €563,793 | +€207,271 | +58.1% |
| Operating profit (loss) | 9901 | €192,448 | €363,925 | +€171,477 | +89.1% |
| Financial income | 75/76B | €2 | €0 | -€2 | -88.3% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -88.3% |
| Financial charges | 65/66B | €2,920 | €2,021 | -€899 | -30.8% |
| Recurring financial charges | 65 | €2,920 | €2,021 | -€899 | -30.8% |
| Profit (loss) for the period before taxes | 9903 | €189,531 | €361,905 | +€172,374 | +90.9% |
| Income taxes | 67/77 | €59,338 | €111,324 | +€51,986 | +87.6% |
| Profit (loss) for the period | 9904 | €130,193 | €250,581 | +€120,388 | +92.5% |
| Profit (loss) for the period to be appropriated | 9905 | €130,193 | €250,581 | +€120,388 | +92.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.