Polyproof: 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.
Polyproof
Largest movements
- Intangible fixed assets -€24,276
down €24,276 (-28.6%), from €85,000 to €60,724
- Receivables within one year +€23,930
up €23,930 (+45.3%), from €52,804 to €76,734
of which Trade receivables: +€34,170
- Tangible fixed assets -€20,408
down €20,408 (-37.2%), from €54,923 to €34,515
of which Furniture and vehicles: -€11,669
- Cash -€5,852
down €5,852 (-12.4%), from €47,374 to €41,522
mainly Debts after one year (-€27,595) and Receivables within one year (-€23,930)
- Debts after one year -€27,595
down €27,595 (-60.6%), from €45,544 to €17,949
- Trade debts +€4,678
up €4,678 (+18.0%), from €25,968 to €30,646
- Profit (loss) carried forward -€3,105
down €3,105 (-3.8%), from €82,611 to €79,506
- Gross operating margin -€25,521
down €25,521 (-23.7%), from €107,760 to €82,239
- Taxes -€9,390
no longer reported in 2025 (was €9,390)
- Depreciation -€4,866
down €4,866 (-7.3%), from €66,870 to €62,004
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 | €255,858 | €230,740 | -€25,117 | -9.8% |
| Fixed assets | 21/28 | €139,923 | €95,239 | -€44,684 | -31.9% |
| Intangible fixed assets | 21 | €85,000 | €60,724 | -€24,276 | -28.6% |
| Tangible fixed assets | 22/27 | €54,923 | €34,515 | -€20,408 | -37.2% |
| Plant, machinery and equipment | 23 | €18,372 | €9,633 | -€8,739 | -47.6% |
| Furniture and vehicles | 24 | €36,551 | €24,882 | -€11,669 | -31.9% |
| Current assets | 29/58 | €115,935 | €135,502 | +€19,567 | +16.9% |
| Stocks and contracts in progress | 3 | €14,871 | €16,121 | +€1,250 | +8.4% |
| Stocks | 30/36 | €14,871 | €16,121 | +€1,250 | +8.4% |
| Amounts receivable within one year | 40/41 | €52,804 | €76,734 | +€23,930 | +45.3% |
| Trade receivables | 40 | €39,026 | €73,196 | +€34,170 | +87.6% |
| Other amounts receivable | 41 | €13,778 | €3,538 | -€10,240 | -74.3% |
| Cash at bank and in hand | 54/58 | €47,374 | €41,522 | -€5,852 | -12.4% |
| Deferred charges and accrued income | 490/1 | €886 | €1,125 | +€239 | +27.0% |
| Total equity and liabilities | 10/49 | €255,858 | €230,740 | -€25,117 | -9.8% |
| Equity | 10/15 | €114,121 | €111,016 | -€3,105 | -2.7% |
| Contributions | 10/11 | €31,510 | €31,510 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82,611 | €79,506 | -€3,105 | -3.8% |
| Amounts payable | 17/49 | €141,737 | €119,725 | -€22,012 | -15.5% |
| Amounts payable after more than one year | 17 | €45,544 | €17,949 | -€27,595 | -60.6% |
| Financial debts | 170/4 | €45,544 | €17,949 | -€27,595 | -60.6% |
| Amounts payable within one year | 42/48 | €96,193 | €101,775 | +€5,583 | +5.8% |
| Current portion of amounts payable after more than one year | 42 | €26,734 | €27,595 | +€860 | +3.2% |
| Trade debts | 44 | €25,968 | €30,646 | +€4,678 | +18.0% |
| Suppliers | 440/4 | €25,968 | €30,646 | +€4,678 | +18.0% |
| Other amounts payable | 47/48 | €43,490 | €43,534 | +€44 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,870 | €62,004 | -€4,866 | -7.3% |
| Other operating charges | 640/8 | €505 | €1,397 | +€892 | +176.4% |
| Non-recurring operating charges | 66A | - | €20,000 | +€20,000 | |
| Gross operating margin | 9900 | €107,760 | €82,239 | -€25,521 | -23.7% |
| Operating profit (loss) | 9901 | €40,384 | -€1,162 | -€41,547 | |
| Financial charges | 65/66B | €2,822 | €1,943 | -€879 | -31.1% |
| Recurring financial charges | 65 | €2,822 | €1,943 | -€879 | -31.1% |
| Profit (loss) for the period before taxes | 9903 | €37,562 | -€3,105 | -€40,667 | |
| Income taxes | 67/77 | €9,390 | - | -€9,390 | |
| Profit (loss) for the period | 9904 | €28,171 | -€3,105 | -€31,277 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,171 | -€3,105 | -€31,277 |
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 9 October 2026 via checked.be.