POLYMÉTRIC: 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.
POLYMÉTRIC
Largest movements
- Receivables within one year -€104,212
down €104,212 (-62.6%), from €166,581 to €62,369
of which Trade receivables: -€73,116
- Tangible fixed assets -€28,156
down €28,156 (-11.6%), from €242,109 to €213,953
of which Land and buildings: -€15,251
- Deferred charges and accrued income -€10,121
down €10,121 (-52.2%), from €19,377 to €9,256
- Stocks and contracts -€8,003
down €8,003 (-21.4%), from €37,312 to €29,309
- Trade debts -€90,212
down €90,212 (-53.3%), from €169,243 to €79,030
- Debts after one year -€34,459
down €34,459 (-17.6%), from €195,418 to €160,960
- Short-term financial debts -€13,528
down €13,528 (-53.5%), from €25,308 to €11,781
- Tax, wage and social debts -€10,951
down €10,951 (-74.7%), from €14,664 to €3,712
of which Remuneration and social security: -€9,516
- Current portion of long-term debt -€7,316
down €7,316 (-21.1%), from €34,605 to €27,290
- Gross operating margin +€38,954
up €38,954 (+14.2%), from €273,502 to €312,456
- Write-downs +€26,587
up €26,587, from -€26,587 to €0
- Staff costs -€11,850
down €11,850 (-4.2%), from €283,013 to €271,163
- Financial income +€6,765
up €6,765 (+4138.5%), from €163 to €6,929
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 | €465,863 | €315,096 | -€150,767 | -32.4% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €242,109 | €213,953 | -€28,156 | -11.6% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €242,109 | €213,953 | -€28,156 | -11.6% |
| Land and buildings | 22 | €171,147 | €155,896 | -€15,251 | -8.9% |
| Plant, machinery and equipment | 23 | €69,412 | €58,058 | -€11,355 | -16.4% |
| Furniture and vehicles | 24 | €1,550 | €0 | -€1,550 | -100.0% |
| Current assets | 29/58 | €223,753 | €101,143 | -€122,611 | -54.8% |
| Stocks and contracts in progress | 3 | €37,312 | €29,309 | -€8,003 | -21.4% |
| Stocks | 30/36 | €37,312 | €29,309 | -€8,003 | -21.4% |
| Amounts receivable within one year | 40/41 | €166,581 | €62,369 | -€104,212 | -62.6% |
| Trade receivables | 40 | €123,913 | €50,797 | -€73,116 | -59.0% |
| Other amounts receivable | 41 | €42,668 | €11,572 | -€31,096 | -72.9% |
| Cash at bank and in hand | 54/58 | €484 | €208 | -€275 | -56.9% |
| Deferred charges and accrued income | 490/1 | €19,377 | €9,256 | -€10,121 | -52.2% |
| Total equity and liabilities | 10/49 | €465,863 | €315,096 | -€150,767 | -32.4% |
| Equity | 10/15 | €26,624 | €28,854 | +€2,230 | +8.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €6,164 | €7,548 | +€1,384 | +22.5% |
| Investment grants | 15 | - | €846 | +€846 | |
| Amounts payable | 17/49 | €439,238 | €286,242 | -€152,996 | -34.8% |
| Amounts payable after more than one year | 17 | €195,418 | €160,960 | -€34,459 | -17.6% |
| Financial debts | 170/4 | €195,418 | €160,960 | -€34,459 | -17.6% |
| Amounts payable within one year | 42/48 | €243,820 | €125,065 | -€118,755 | -48.7% |
| Current portion of amounts payable after more than one year | 42 | €34,605 | €27,290 | -€7,316 | -21.1% |
| Financial debts | 43 | €25,308 | €11,781 | -€13,528 | -53.5% |
| Credit institutions | 430/8 | €25,308 | €11,781 | -€13,528 | -53.5% |
| Trade debts | 44 | €169,243 | €79,030 | -€90,212 | -53.3% |
| Suppliers | 440/4 | €169,243 | €79,030 | -€90,212 | -53.3% |
| Advances received on contracts in progress | 46 | - | €1,412 | +€1,412 | |
| Taxes, remuneration and social security | 45 | €14,664 | €3,712 | -€10,951 | -74.7% |
| Taxes | 450/3 | €1,676 | €240 | -€1,435 | -85.7% |
| Remuneration and social security | 454/9 | €12,988 | €3,472 | -€9,516 | -73.3% |
| Other amounts payable | 47/48 | €0 | €1,840 | +€1,840 | |
| Accrued charges and deferred income | 492/3 | €0 | €217 | +€217 | |
| Remuneration, social security and pensions | 62 | €283,013 | €271,163 | -€11,850 | -4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,700 | €35,333 | +€1,633 | +4.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€26,587 | €0 | +€26,587 | |
| Other operating charges | 640/8 | €2,388 | €3,336 | +€948 | +39.7% |
| Non-recurring operating charges | 66A | - | €773 | +€773 | |
| Gross operating margin | 9900 | €273,502 | €312,456 | +€38,954 | +14.2% |
| Operating profit (loss) | 9901 | -€19,013 | €1,850 | +€20,863 | |
| Financial income | 75/76B | €163 | €6,929 | +€6,765 | +4138.5% |
| Recurring financial income | 75 | €163 | €6,929 | +€6,765 | +4138.5% |
| Financial charges | 65/66B | €4,556 | €7,018 | +€2,462 | +54.0% |
| Recurring financial charges | 65 | €4,556 | €7,018 | +€2,462 | +54.0% |
| Profit (loss) for the period before taxes | 9903 | -€23,405 | €1,761 | +€25,166 | |
| Income taxes | 67/77 | -€793 | €377 | +€1,170 | |
| Profit (loss) for the period | 9904 | -€22,612 | €1,384 | +€23,996 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,612 | €1,384 | +€23,996 |
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 8 October 2026 via checked.be.