PolyPerception: 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.
PolyPerception
Largest movements
- Intangible fixed assets +€382,541
up €382,541 (+45.1%), from €848,408 to €1.2m
- Current investments -€300,000
down €300,000 (-99.9%), from €300,432 to €432
- Cash -€279,693
down €279,693 (-83.7%), from €334,160 to €54,467
mainly Investment in fixed assets (net) (-€474,535) and Receivables within one year (-€113,362)
- Receivables within one year +€113,362
up €113,362 (+111%), from €102,540 to €215,902
of which Trade receivables: +€98,539
- Tangible fixed assets -€52,688
down €52,688 (-27.3%), from €192,964 to €140,276
of which Plant, machinery and equipment: -€51,050
- Other debts -€100,000
down €100,000 (-36.7%), from €272,237 to €172,237
- Profit (loss) carried forward -€99,248
down €99,248 (-146%), from -€68,152 to -€167,400
- Debts after one year +€84,819
up €84,819 (+32.3%), from €262,500 to €347,319
- Depreciation +€78,525
up €78,525 (+119%), from €66,157 to €144,682
- Staff costs +€61,650
up €61,650 (+24.9%), from €247,151 to €308,801
- Financial income +€10,510
up €10,510 (+815%), from €1,289 to €11,799
- Financial charges +€7,096
up €7,096 (+39.7%), from €17,893 to €24,989
- Gross operating margin -€4,085
down €4,085 (-1.1%), from €372,894 to €368,809
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,832,358 | €1,750,804 | -€81,554 | -4.5% |
| Fixed assets | 21/28 | €1,042,647 | €1,372,500 | +€329,853 | +31.6% |
| Intangible fixed assets | 21 | €848,408 | €1,230,949 | +€382,541 | +45.1% |
| Tangible fixed assets | 22/27 | €192,964 | €140,276 | -€52,688 | -27.3% |
| Plant, machinery and equipment | 23 | €191,237 | €140,186 | -€51,050 | -26.7% |
| Furniture and vehicles | 24 | €1,727 | €90 | -€1,637 | -94.8% |
| Financial fixed assets | 28 | €1,275 | €1,275 | = | 0.0% |
| Current assets | 29/58 | €789,711 | €378,304 | -€411,408 | -52.1% |
| Stocks and contracts in progress | 3 | €52,579 | €103,840 | +€51,261 | +97.5% |
| Stocks | 30/36 | €52,579 | €103,840 | +€51,261 | +97.5% |
| Amounts receivable within one year | 40/41 | €102,540 | €215,902 | +€113,362 | +111% |
| Trade receivables | 40 | €80,068 | €178,607 | +€98,539 | +123% |
| Other amounts receivable | 41 | €22,472 | €37,295 | +€14,823 | +66.0% |
| Current investments | 50/53 | €300,432 | €432 | -€300,000 | -99.9% |
| Cash at bank and in hand | 54/58 | €334,160 | €54,467 | -€279,693 | -83.7% |
| Deferred charges and accrued income | 490/1 | €0 | €3,662 | +€3,662 | |
| Total equity and liabilities | 10/49 | €1,832,358 | €1,750,804 | -€81,554 | -4.5% |
| Equity | 10/15 | €1,201,826 | €1,102,579 | -€99,248 | -8.3% |
| Contributions | 10/11 | €1,269,979 | €1,269,979 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€68,152 | -€167,400 | -€99,248 | -146% |
| Amounts payable | 17/49 | €630,532 | €648,225 | +€17,694 | +2.8% |
| Amounts payable after more than one year | 17 | €262,500 | €347,319 | +€84,819 | +32.3% |
| Financial debts | 170/4 | €262,500 | €347,319 | +€84,819 | +32.3% |
| Amounts payable within one year | 42/48 | €368,032 | €300,906 | -€67,126 | -18.2% |
| Current portion of amounts payable after more than one year | 42 | €64,337 | €67,977 | +€3,641 | +5.7% |
| Trade debts | 44 | €11,877 | €27,312 | +€15,435 | +130% |
| Suppliers | 440/4 | €11,877 | €27,312 | +€15,435 | +130% |
| Taxes, remuneration and social security | 45 | €19,582 | €33,380 | +€13,798 | +70.5% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €19,582 | €33,380 | +€13,798 | +70.5% |
| Other amounts payable | 47/48 | €272,237 | €172,237 | -€100,000 | -36.7% |
| Remuneration, social security and pensions | 62 | €247,151 | €308,801 | +€61,650 | +24.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,157 | €144,682 | +€78,525 | +119% |
| Other operating charges | 640/8 | €1,745 | €1,383 | -€362 | -20.7% |
| Gross operating margin | 9900 | €372,894 | €368,809 | -€4,085 | -1.1% |
| Operating profit (loss) | 9901 | €57,841 | -€86,058 | -€143,899 | |
| Financial income | 75/76B | €1,289 | €11,799 | +€10,510 | +815% |
| Recurring financial income | 75 | €1,289 | €11,799 | +€10,510 | +815% |
| Financial charges | 65/66B | €17,893 | €24,989 | +€7,096 | +39.7% |
| Recurring financial charges | 65 | €17,893 | €24,989 | +€7,096 | +39.7% |
| Profit (loss) for the period before taxes | 9903 | €41,237 | -€99,248 | -€140,485 | |
| Profit (loss) for the period | 9904 | €41,237 | -€99,248 | -€140,485 | |
| Profit (loss) for the period to be appropriated | 9905 | €41,237 | -€99,248 | -€140,485 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.