POLYPAL BELGIUM: 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
POLYPAL BELGIUM
NACE 46.820, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€115,784
2024 · €23,677-€139,461
Equity
€117,772
2024 · €233,555-€115,784
Cash
€178,523
2024 · €181,492-€2,969
Balance sheet total
€650,938
2024 · €763,451-€112,513
Largest movements
Assets
- Receivables within one year -€84,471
down €84,471 (-15.3%), from €550,982 to €466,511
- Stocks and contracts -€25,072
down €25,072 (-82.9%), from €30,227 to €5,155
Equity and liabilities
- Profit (loss) carried forward -€115,784
down €115,784 (-50.7%), from -€228,539 to -€344,322
- Tax, wage and social debts +€8,141
up €8,141 (+8.7%), from €93,771 to €101,912
of which Remuneration and social security: +€11,959
Income statement
- Turnover -€776,363
down €776,363 (-44.1%), from €1.8m to €985,784
- Goods and materials -€378,696
down €378,696 (-43.4%), from €872,703 to €494,007
- Services and other goods -€115,531
down €115,531 (-32.6%), from €354,745 to €239,214
- Staff costs -€56,732
down €56,732 (-10.4%), from €547,747 to €491,015
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
€23,677
Turnover
-€776,363
Other operating income
+€598
Goods and materials
+€378,696
Services and other goods
+€115,531
Staff costs
+€56,732
Other operating charges
-€4,941
Other operating items
+€90,442
Financial income
+€1
Financial charges
-€169
Taxes
+€10
Result 2025
-€115,784
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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
-€2,969
Investment
€0
Financing
€0
Cash 2024
€181,492
From operations (derived)
-€2,969
Net result for the year
-€115,784
Stocks and contracts
+€25,072
Receivables within one year
+€84,471
Trade debts
-€4,870
Tax, wage and social debts
+€8,141
Cash 2025
€178,523
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €763,451 | €650,938 | -€112,513 | -14.7% |
| Fixed assets | 21/28 | €750 | €750 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Other financial fixed assets | 284/8 | €750 | €750 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €762,701 | €650,188 | -€112,513 | -14.8% |
| Stocks and contracts in progress | 3 | €30,227 | €5,155 | -€25,072 | -82.9% |
| Contracts in progress | 37 | €30,227 | €5,155 | -€25,072 | -82.9% |
| Amounts receivable within one year | 40/41 | €550,982 | €466,511 | -€84,471 | -15.3% |
| Trade receivables | 40 | €550,982 | €466,511 | -€84,471 | -15.3% |
| Cash at bank and in hand | 54/58 | €181,492 | €178,523 | -€2,969 | -1.6% |
| Total equity and liabilities | 10/49 | €763,451 | €650,938 | -€112,513 | -14.7% |
| Equity | 10/15 | €233,555 | €117,772 | -€115,784 | -49.6% |
| Contributions | 10/11 | €462,094 | €462,094 | = | 0.0% |
| Capital | 10 | €462,094 | €462,094 | = | 0.0% |
| Issued capital | 100 | €462,094 | €462,094 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€228,539 | -€344,322 | -€115,784 | -50.7% |
| Amounts payable | 17/49 | €529,896 | €533,167 | +€3,271 | +0.6% |
| Amounts payable within one year | 42/48 | €529,896 | €533,167 | +€3,271 | +0.6% |
| Trade debts | 44 | €436,125 | €431,255 | -€4,870 | -1.1% |
| Suppliers | 440/4 | €436,125 | €431,255 | -€4,870 | -1.1% |
| Advances received on contracts in progress | 46 | €0 | €0 | = | |
| Taxes, remuneration and social security | 45 | €93,771 | €101,912 | +€8,141 | +8.7% |
| Taxes | 450/3 | €16,310 | €12,492 | -€3,818 | -23.4% |
| Remuneration and social security | 454/9 | €77,461 | €89,420 | +€11,959 | +15.4% |
| Operating income | 70/76A | €1,801,744 | €1,116,422 | -€685,322 | -38.0% |
| Turnover | 70 | €1,762,147 | €985,784 | -€776,363 | -44.1% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€115,515 | -€25,072 | +€90,442 | +78.3% |
| Other operating income | 74 | €155,112 | €155,710 | +€598 | +0.4% |
| Operating charges | 60/66A | €1,776,802 | €1,230,784 | -€546,019 | -30.7% |
| Goods for resale, raw materials and consumables | 60 | €872,703 | €494,007 | -€378,696 | -43.4% |
| Purchases | 600/8 | €872,703 | €494,007 | -€378,696 | -43.4% |
| Services and other goods | 61 | €354,745 | €239,214 | -€115,531 | -32.6% |
| Remuneration, social security and pensions | 62 | €547,747 | €491,015 | -€56,732 | -10.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €0 | = | |
| Other operating charges | 640/8 | €1,607 | €6,548 | +€4,941 | +307% |
| Operating profit (loss) | 9901 | €24,942 | -€114,362 | -€139,303 | |
| Financial income | 75/76B | €0 | €2 | +€1 | +1,150% |
| Recurring financial income | 75 | €0 | €2 | +€1 | +1,150% |
| Other financial income | 752/9 | €0 | €2 | +€1 | +1,150% |
| Financial charges | 65/66B | €89 | €258 | +€169 | +190% |
| Recurring financial charges | 65 | €89 | €258 | +€169 | +190% |
| Other financial charges | 652/9 | €89 | €258 | +€169 | +190% |
| Profit (loss) for the period before taxes | 9903 | €24,853 | -€114,618 | -€139,471 | |
| Income taxes | 67/77 | €1,175 | €1,166 | -€10 | -0.8% |
| Taxes | 670/3 | €1,175 | €1,166 | -€10 | -0.8% |
| Profit (loss) for the period | 9904 | €23,677 | -€115,784 | -€139,461 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,677 | -€115,784 | -€139,461 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.