POLYPHONIT: 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.
POLYPHONIT
Largest movements
- Financial fixed assets +€266,667
up €266,667 (+5718.8%), from €4,663 to €271,330
- Tangible fixed assets -€30,873
down €30,873 (-30.5%), from €101,241 to €70,368
of which Furniture and vehicles: -€22,574
- Cash +€19,677
up €19,677 (+98.6%), from €19,952 to €39,630
mainly Debts after one year (+€104,332) and Net result for the year (+€88,682)
- Receivables within one year -€14,250
down €14,250 (-18.7%), from €76,148 to €61,898
of which Trade receivables: -€11,986
- Debts after one year +€104,332
up €104,332 (+339.6%), from €30,719 to €135,051
- Reserves +€72,752
up €72,752 (+100.9%), from €72,075 to €144,828
- Short-term financial debts +€35,000
new in 2025: €35,000
- Current portion of long-term debt +€19,808
up €19,808 (+81.6%), from €24,270 to €44,078
- Tax, wage and social debts +€4,894
up €4,894 (+19.4%), from €25,272 to €30,166
of which Taxes: +€7,643
- Financial income +€85,796
up €85,796 (+7113.8%), from €1,206 to €87,002
- Gross operating margin -€8,516
down €8,516 (-5.7%), from €149,963 to €141,448
- Taxes +€6,649
up €6,649 (+60.3%), from €11,026 to €17,676
- Staff costs +€3,740
up €3,740 (+4.8%), from €77,498 to €81,238
- Financial charges +€2,415
up €2,415 (+49.7%), from €4,857 to €7,272
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 | €205,139 | €446,513 | +€241,374 | +117.7% |
| Fixed assets | 21/28 | €105,904 | €341,697 | +€235,793 | +222.6% |
| Tangible fixed assets | 22/27 | €101,241 | €70,368 | -€30,873 | -30.5% |
| Land and buildings | 22 | €52,803 | €44,881 | -€7,922 | -15.0% |
| Plant, machinery and equipment | 23 | €1,458 | €1,081 | -€377 | -25.9% |
| Furniture and vehicles | 24 | €46,980 | €24,406 | -€22,574 | -48.1% |
| Financial fixed assets | 28 | €4,663 | €271,330 | +€266,667 | +5718.8% |
| Current assets | 29/58 | €99,235 | €104,816 | +€5,580 | +5.6% |
| Amounts receivable within one year | 40/41 | €76,148 | €61,898 | -€14,250 | -18.7% |
| Trade receivables | 40 | €69,568 | €57,582 | -€11,986 | -17.2% |
| Other amounts receivable | 41 | €6,581 | €4,316 | -€2,264 | -34.4% |
| Cash at bank and in hand | 54/58 | €19,952 | €39,630 | +€19,677 | +98.6% |
| Deferred charges and accrued income | 490/1 | €3,135 | €3,288 | +€153 | +4.9% |
| Total equity and liabilities | 10/49 | €205,139 | €446,513 | +€241,374 | +117.7% |
| Equity | 10/15 | €78,944 | €151,696 | +€72,752 | +92.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €72,075 | €144,828 | +€72,752 | +100.9% |
| Distributable reserves | 133 | €72,075 | €144,828 | +€72,752 | +100.9% |
| Profit (loss) carried forward | 14 | €669 | €669 | = | 0.0% |
| Amounts payable | 17/49 | €126,195 | €294,816 | +€168,621 | +133.6% |
| Amounts payable after more than one year | 17 | €30,719 | €135,051 | +€104,332 | +339.6% |
| Financial debts | 170/4 | €30,719 | €135,051 | +€104,332 | +339.6% |
| Amounts payable within one year | 42/48 | €92,476 | €159,766 | +€67,290 | +72.8% |
| Current portion of amounts payable after more than one year | 42 | €24,270 | €44,078 | +€19,808 | +81.6% |
| Financial debts | 43 | - | €35,000 | +€35,000 | |
| Credit institutions | 430/8 | - | €35,000 | +€35,000 | |
| Trade debts | 44 | €14,927 | €18,935 | +€4,008 | +26.8% |
| Suppliers | 440/4 | €14,927 | €18,935 | +€4,008 | +26.8% |
| Taxes, remuneration and social security | 45 | €25,272 | €30,166 | +€4,894 | +19.4% |
| Taxes | 450/3 | €12,717 | €20,360 | +€7,643 | +60.1% |
| Remuneration and social security | 454/9 | €12,555 | €9,807 | -€2,749 | -21.9% |
| Other amounts payable | 47/48 | €28,007 | €31,587 | +€3,580 | +12.8% |
| Accrued charges and deferred income | 492/3 | €3,000 | - | -€3,000 | |
| Non-recurring operating income | 76A | €10,860 | €814 | -€10,045 | -92.5% |
| Remuneration, social security and pensions | 62 | €77,498 | €81,238 | +€3,740 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,624 | €32,211 | -€2,413 | -7.0% |
| Other operating charges | 640/8 | €1,095 | €1,371 | +€276 | +25.2% |
| Gross operating margin | 9900 | €149,963 | €141,448 | -€8,516 | -5.7% |
| Operating profit (loss) | 9901 | €36,746 | €26,627 | -€10,119 | -27.5% |
| Financial income | 75/76B | €1,206 | €87,002 | +€85,796 | +7113.8% |
| Recurring financial income | 75 | €1,206 | €87,002 | +€85,796 | +7113.8% |
| Financial charges | 65/66B | €4,857 | €7,272 | +€2,415 | +49.7% |
| Recurring financial charges | 65 | €4,857 | €7,272 | +€2,415 | +49.7% |
| Profit (loss) for the period before taxes | 9903 | €33,096 | €106,357 | +€73,262 | +221.4% |
| Income taxes | 67/77 | €11,026 | €17,676 | +€6,649 | +60.3% |
| Profit (loss) for the period | 9904 | €22,069 | €88,682 | +€66,612 | +301.8% |
| Profit (loss) for the period to be appropriated | 9905 | €22,069 | €88,682 | +€66,612 | +301.8% |
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 10 October 2026 via checked.be.