POLYMORPHE: 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.
POLYMORPHE
Largest movements
- Receivables within one year +€44,577
up €44,577 (+153%), from €29,124 to €73,701
of which Trade receivables: +€43,684
- Tangible fixed assets -€4,260
down €4,260 (-3.9%), from €109,233 to €104,973
of which Land and buildings: -€3,500
- Deferred charges and accrued income +€2,503
up €2,503 (+20.7%), from €12,073 to €14,576
- Other debts +€41,877
up €41,877 (+169%), from €24,812 to €66,689
- Trade debts +€38,447
up €38,447 (+92.6%), from €41,526 to €79,973
- Profit (loss) carried forward -€31,561
down €31,561 (-39.4%), from -€80,018 to -€111,579
- Debts after one year -€9,082
down €9,082 (-9.0%), from €101,097 to €92,015
- Current portion of long-term debt -€6,487
down €6,487 (-39.1%), from €16,585 to €10,098
- Gross operating margin -€22,898
down €22,898 (-28.6%), from €79,934 to €57,036
- Staff costs +€12,294
up €12,294 (+21.6%), from €57,034 to €69,328
- Financial charges -€5,687
down €5,687 (-48.0%), from €11,849 to €6,162
of which Non-recurring financial charges: -€3,770
- Depreciation -€3,749
down €3,749 (-31.5%), from €11,918 to €8,169
- Other operating charges +€3,510
up €3,510 (+246%), from €1,428 to €4,938
From the 2021 result to the 2022 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €152,695 | €195,515 | +€42,820 | +28.0% |
| Fixed assets | 21/28 | €111,498 | €107,238 | -€4,260 | -3.8% |
| Tangible fixed assets | 22/27 | €109,233 | €104,973 | -€4,260 | -3.9% |
| Land and buildings | 22 | €94,500 | €91,000 | -€3,500 | -3.7% |
| Plant, machinery and equipment | 23 | €8,789 | €9,233 | +€444 | +5.1% |
| Furniture and vehicles | 24 | €1,241 | €762 | -€479 | -38.6% |
| Other tangible fixed assets | 26 | €4,703 | €3,978 | -€725 | -15.4% |
| Financial fixed assets | 28 | €2,265 | €2,265 | = | 0.0% |
| Current assets | 29/58 | €41,197 | €88,277 | +€47,080 | +114% |
| Amounts receivable within one year | 40/41 | €29,124 | €73,701 | +€44,577 | +153% |
| Trade receivables | 40 | €23,718 | €67,402 | +€43,684 | +184% |
| Other amounts receivable | 41 | €5,406 | €6,299 | +€893 | +16.5% |
| Deferred charges and accrued income | 490/1 | €12,073 | €14,576 | +€2,503 | +20.7% |
| Total equity and liabilities | 10/49 | €152,695 | €195,515 | +€42,820 | +28.0% |
| Equity | 10/15 | -€61,391 | -€92,952 | -€31,561 | -51.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €27 | €27 | = | 0.0% |
| Non-distributable reserves | 130/1 | €27 | €27 | = | 0.0% |
| Reserves not available under the articles | 1311 | €27 | €27 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€80,018 | -€111,579 | -€31,561 | -39.4% |
| Amounts payable | 17/49 | €214,086 | €288,467 | +€74,381 | +34.7% |
| Amounts payable after more than one year | 17 | €101,097 | €92,015 | -€9,082 | -9.0% |
| Financial debts | 170/4 | €101,097 | €92,015 | -€9,082 | -9.0% |
| Amounts payable within one year | 42/48 | €112,989 | €196,452 | +€83,463 | +73.9% |
| Current portion of amounts payable after more than one year | 42 | €16,585 | €10,098 | -€6,487 | -39.1% |
| Financial debts | 43 | €20,816 | €26,003 | +€5,187 | +24.9% |
| Credit institutions | 430/8 | €20,816 | €26,003 | +€5,187 | +24.9% |
| Trade debts | 44 | €41,526 | €79,973 | +€38,447 | +92.6% |
| Suppliers | 440/4 | €41,526 | €79,973 | +€38,447 | +92.6% |
| Taxes, remuneration and social security | 45 | €9,250 | €13,689 | +€4,439 | +48.0% |
| Taxes | 450/3 | €443 | €1,594 | +€1,151 | +260% |
| Remuneration and social security | 454/9 | €8,807 | €12,095 | +€3,288 | +37.3% |
| Other amounts payable | 47/48 | €24,812 | €66,689 | +€41,877 | +169% |
| Non-recurring operating income | 76A | €1,820 | - | -€1,820 | |
| Remuneration, social security and pensions | 62 | €57,034 | €69,328 | +€12,294 | +21.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,918 | €8,169 | -€3,749 | -31.5% |
| Other operating charges | 640/8 | €1,428 | €4,938 | +€3,510 | +246% |
| Gross operating margin | 9900 | €79,934 | €57,036 | -€22,898 | -28.6% |
| Operating profit (loss) | 9901 | €9,554 | -€25,399 | -€34,953 | |
| Financial income | 75/76B | €309 | - | -€309 | |
| Recurring financial income | 75 | €52 | - | -€52 | |
| Non-recurring financial income | 76B | €257 | - | -€257 | |
| Financial charges | 65/66B | €11,849 | €6,162 | -€5,687 | -48.0% |
| Recurring financial charges | 65 | €7,514 | €5,597 | -€1,917 | -25.5% |
| Non-recurring financial charges | 66B | €4,335 | €565 | -€3,770 | -87.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,986 | -€31,561 | -€29,575 | -1,489% |
| Profit (loss) for the period | 9904 | -€1,986 | -€31,561 | -€29,575 | -1,489% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,986 | -€31,561 | -€29,575 | -1,489% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.