POLYP: 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.
POLYP
Largest movements
- Receivables within one year +€58,309
up €58,309 (+13.9%), from €418,772 to €477,081
of which Other amounts receivable: +€58,723
- Cash +€38,364
up €38,364 (+82.6%), from €46,453 to €84,817
mainly Net result for the year (+€99,937) and Current portion of long-term debt (+€9,919)
- Tangible fixed assets +€13,617
up €13,617 (+74.9%), from €18,192 to €31,809
of which Furniture and vehicles: +€10,911
- Reserves +€97,000
up €97,000 (+74.4%), from €130,401 to €227,401
of which Distributable reserves: +€97,000
- Trade debts -€14,442
down €14,442 (-60.9%), from €23,728 to €9,286
- Current portion of long-term debt +€9,919
new in 2025: €9,919
- Other debts +€7,933
up €7,933 (+13.3%), from €59,508 to €67,441
- Gross operating margin +€87,225
up €87,225 (+89.9%), from €97,050 to €184,276
- Taxes +€21,477
up €21,477 (+200.7%), from €10,700 to €32,177
- Staff costs +€10,961
up €10,961 (+41.4%), from €26,462 to €37,422
- Other operating charges +€5,707
up €5,707 (+1960.9%), from €291 to €5,998
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 | €483,416 | €593,706 | +€110,290 | +22.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €18,192 | €31,809 | +€13,617 | +74.9% |
| Tangible fixed assets | 22/27 | €18,192 | €31,809 | +€13,617 | +74.9% |
| Land and buildings | 22 | €0 | €8,127 | +€8,127 | |
| Plant, machinery and equipment | 23 | €17,157 | €11,737 | -€5,420 | -31.6% |
| Furniture and vehicles | 24 | €1,035 | €11,945 | +€10,911 | +1054.5% |
| Current assets | 29/58 | €465,224 | €561,898 | +€96,673 | +20.8% |
| Amounts receivable within one year | 40/41 | €418,772 | €477,081 | +€58,309 | +13.9% |
| Trade receivables | 40 | €414 | - | -€414 | |
| Other amounts receivable | 41 | €418,358 | €477,081 | +€58,723 | +14.0% |
| Cash at bank and in hand | 54/58 | €46,453 | €84,817 | +€38,364 | +82.6% |
| Total equity and liabilities | 10/49 | €483,416 | €593,706 | +€110,290 | +22.8% |
| Equity | 10/15 | €386,495 | €486,432 | +€99,937 | +25.9% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €130,401 | €227,401 | +€97,000 | +74.4% |
| Non-distributable reserves | 130/1 | €3,100 | €3,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,100 | €3,100 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,301 | €4,301 | = | 0.0% |
| Distributable reserves | 133 | €123,000 | €220,000 | +€97,000 | +78.9% |
| Profit (loss) carried forward | 14 | €225,094 | €228,031 | +€2,937 | +1.3% |
| Amounts payable | 17/49 | €96,921 | €107,274 | +€10,353 | +10.7% |
| Amounts payable after more than one year | 17 | - | €5,135 | +€5,135 | |
| Financial debts | 170/4 | - | €5,135 | +€5,135 | |
| Amounts payable within one year | 42/48 | €96,921 | €102,140 | +€5,219 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | - | €9,919 | +€9,919 | |
| Trade debts | 44 | €23,728 | €9,286 | -€14,442 | -60.9% |
| Suppliers | 440/4 | €23,728 | €9,286 | -€14,442 | -60.9% |
| Taxes, remuneration and social security | 45 | €13,684 | €15,494 | +€1,809 | +13.2% |
| Taxes | 450/3 | €9,757 | €12,414 | +€2,657 | +27.2% |
| Remuneration and social security | 454/9 | €3,927 | €3,080 | -€847 | -21.6% |
| Other amounts payable | 47/48 | €59,508 | €67,441 | +€7,933 | +13.3% |
| Remuneration, social security and pensions | 62 | €26,462 | €37,422 | +€10,961 | +41.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,648 | €6,613 | +€966 | +17.1% |
| Other operating charges | 640/8 | €291 | €5,998 | +€5,707 | +1960.9% |
| Gross operating margin | 9900 | €97,050 | €184,276 | +€87,225 | +89.9% |
| Operating profit (loss) | 9901 | €64,650 | €134,243 | +€69,593 | +107.6% |
| Financial charges | 65/66B | €1,010 | €2,129 | +€1,119 | +110.8% |
| Recurring financial charges | 65 | €1,010 | €2,129 | +€1,119 | +110.8% |
| Profit (loss) for the period before taxes | 9903 | €63,640 | €132,113 | +€68,474 | +107.6% |
| Income taxes | 67/77 | €10,700 | €32,177 | +€21,477 | +200.7% |
| Profit (loss) for the period | 9904 | €52,940 | €99,937 | +€46,997 | +88.8% |
| Profit (loss) for the period to be appropriated | 9905 | €52,940 | €99,937 | +€46,997 | +88.8% |
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 7 October 2026 via checked.be.