Polyplafond: 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.
Polyplafond
Largest movements
- Receivables within one year -€7,164
down €7,164 (-25.4%), from €28,198 to €21,034
of which Trade receivables: -€8,017
- Cash +€6,433
up €6,433 (+19.7%), from €32,593 to €39,026
mainly Net result for the year (+€14,859) and Receivables within one year (+€7,164)
- Tangible fixed assets +€4,451
up €4,451 (+48.8%), from €9,120 to €13,571
of which Plant, machinery and equipment: +€5,338
- Profit (loss) carried forward +€7,719
up €7,719 (+21.2%), from €36,384 to €44,103
- Trade debts -€5,013
down €5,013 (-29.3%), from €17,112 to €12,099
- Other debts +€1,680
up €1,680 (+25.4%), from €6,603 to €8,283
- Tax, wage and social debts -€881
down €881 (-29.1%), from €3,023 to €2,142
of which Remuneration and social security: -€3,023
- Gross operating margin +€5,985
up €5,985 (+27.1%), from €22,095 to €28,080
- Taxes +€3,584
up €3,584 (+512.7%), from €699 to €4,283
- Depreciation +€1,806
up €1,806 (+42.6%), from €4,241 to €6,047
- Other operating charges +€1,538
up €1,538 (+153.5%), from €1,002 to €2,540
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 | €71,182 | €74,687 | +€3,505 | +4.9% |
| Fixed assets | 21/28 | €9,120 | €13,601 | +€4,481 | +49.1% |
| Tangible fixed assets | 22/27 | €9,120 | €13,571 | +€4,451 | +48.8% |
| Plant, machinery and equipment | 23 | €2,017 | €7,355 | +€5,338 | +264.7% |
| Furniture and vehicles | 24 | €7,103 | €6,216 | -€887 | -12.5% |
| Financial fixed assets | 28 | - | €30 | +€30 | |
| Current assets | 29/58 | €62,062 | €61,086 | -€976 | -1.6% |
| Amounts receivable within one year | 40/41 | €28,198 | €21,034 | -€7,164 | -25.4% |
| Trade receivables | 40 | €24,591 | €16,574 | -€8,017 | -32.6% |
| Other amounts receivable | 41 | €3,607 | €4,460 | +€853 | +23.6% |
| Cash at bank and in hand | 54/58 | €32,593 | €39,026 | +€6,433 | +19.7% |
| Deferred charges and accrued income | 490/1 | €1,271 | €1,026 | -€245 | -19.3% |
| Total equity and liabilities | 10/49 | €71,182 | €74,687 | +€3,505 | +4.9% |
| Equity | 10/15 | €44,444 | €52,163 | +€7,719 | +17.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,384 | €44,103 | +€7,719 | +21.2% |
| Amounts payable | 17/49 | €26,738 | €22,524 | -€4,214 | -15.8% |
| Amounts payable within one year | 42/48 | €26,738 | €22,524 | -€4,214 | -15.8% |
| Trade debts | 44 | €17,112 | €12,099 | -€5,013 | -29.3% |
| Suppliers | 440/4 | €17,112 | €12,099 | -€5,013 | -29.3% |
| Taxes, remuneration and social security | 45 | €3,023 | €2,142 | -€881 | -29.1% |
| Taxes | 450/3 | - | €2,142 | +€2,142 | |
| Remuneration and social security | 454/9 | €3,023 | - | -€3,023 | |
| Other amounts payable | 47/48 | €6,603 | €8,283 | +€1,680 | +25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,241 | €6,047 | +€1,806 | +42.6% |
| Other operating charges | 640/8 | €1,002 | €2,540 | +€1,538 | +153.5% |
| Gross operating margin | 9900 | €22,095 | €28,080 | +€5,985 | +27.1% |
| Operating profit (loss) | 9901 | €16,852 | €19,493 | +€2,641 | +15.7% |
| Financial charges | 65/66B | €276 | €351 | +€75 | +27.2% |
| Recurring financial charges | 65 | €276 | €351 | +€75 | +27.2% |
| Profit (loss) for the period before taxes | 9903 | €16,576 | €19,142 | +€2,566 | +15.5% |
| Income taxes | 67/77 | €699 | €4,283 | +€3,584 | +512.7% |
| Profit (loss) for the period | 9904 | €15,877 | €14,859 | -€1,018 | -6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €15,877 | €14,859 | -€1,018 | -6.4% |
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 1 October 2026 via checked.be.