Polyquest: 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.
Polyquest
Largest movements
- Receivables within one year +€12,851
up €12,851 (+23.4%), from €54,827 to €67,679
of which Other amounts receivable: +€9,587
- Cash -€8,203
down €8,203 (-10.2%), from €80,637 to €72,434
mainly Receivables within one year (-€12,851) and Tax, wage and social debts (-€3,483)
- Deferred charges and accrued income +€2,015
new in 2025: €2,015
- Tangible fixed assets -€1,671
down €1,671 (-30.0%), from €5,577 to €3,905
- Trade debts +€5,352
up €5,352 (+234.4%), from €2,283 to €7,635
- Tax, wage and social debts -€3,483
down €3,483 (-41.3%), from €8,439 to €4,956
- Reserves +€2,140
up €2,140 (+1.9%), from €111,860 to €114,000
of which Distributable reserves: +€4,000
- Contributions +€1,860
up €1,860 (+30.0%), from €6,200 to €8,060
- Gross operating margin -€17,395
down €17,395 (-77.8%), from €22,350 to €4,955
- Taxes -€4,857
down €4,857 (-72.3%), from €6,716 to €1,859
- Financial income +€1,413
up €1,413 (+77.0%), from €1,836 to €3,249
- Depreciation -€508
down €508 (-20.8%), from €2,440 to €1,931
- Other operating charges +€486
up €486 (+131.7%), from €369 to €855
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 | €141,041 | €146,033 | +€4,992 | +3.5% |
| Fixed assets | 21/28 | €5,577 | €3,905 | -€1,671 | -30.0% |
| Tangible fixed assets | 22/27 | €5,577 | €3,905 | -€1,671 | -30.0% |
| Furniture and vehicles | 24 | €5,577 | €3,905 | -€1,671 | -30.0% |
| Current assets | 29/58 | €135,464 | €142,128 | +€6,664 | +4.9% |
| Amounts receivable within one year | 40/41 | €54,827 | €67,679 | +€12,851 | +23.4% |
| Trade receivables | 40 | €11,423 | €14,687 | +€3,264 | +28.6% |
| Other amounts receivable | 41 | €43,404 | €52,992 | +€9,587 | +22.1% |
| Cash at bank and in hand | 54/58 | €80,637 | €72,434 | -€8,203 | -10.2% |
| Deferred charges and accrued income | 490/1 | - | €2,015 | +€2,015 | |
| Total equity and liabilities | 10/49 | €141,041 | €146,033 | +€4,992 | +3.5% |
| Equity | 10/15 | €119,423 | €122,547 | +€3,124 | +2.6% |
| Contributions | 10/11 | €6,200 | €8,060 | +€1,860 | +30.0% |
| Outside capital | 11 | €6,200 | €8,060 | +€1,860 | +30.0% |
| Other | 1109/19 | €6,200 | €8,060 | +€1,860 | +30.0% |
| Reserves | 13 | €111,860 | €114,000 | +€2,140 | +1.9% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €110,000 | €114,000 | +€4,000 | +3.6% |
| Profit (loss) carried forward | 14 | €1,363 | €487 | -€876 | -64.3% |
| Amounts payable | 17/49 | €21,618 | €23,487 | +€1,869 | +8.6% |
| Amounts payable within one year | 42/48 | €21,618 | €23,487 | +€1,869 | +8.6% |
| Trade debts | 44 | €2,283 | €7,635 | +€5,352 | +234.4% |
| Suppliers | 440/4 | €2,283 | €7,635 | +€5,352 | +234.4% |
| Advances received on contracts in progress | 46 | €10,896 | €10,896 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €8,439 | €4,956 | -€3,483 | -41.3% |
| Taxes | 450/3 | €8,439 | €4,956 | -€3,483 | -41.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,440 | €1,931 | -€508 | -20.8% |
| Other operating charges | 640/8 | €369 | €855 | +€486 | +131.7% |
| Gross operating margin | 9900 | €22,350 | €4,955 | -€17,395 | -77.8% |
| Operating profit (loss) | 9901 | €19,541 | €2,168 | -€17,373 | -88.9% |
| Financial income | 75/76B | €1,836 | €3,249 | +€1,413 | +77.0% |
| Recurring financial income | 75 | €1,836 | €3,249 | +€1,413 | +77.0% |
| Financial charges | 65/66B | €62 | €435 | +€373 | +599.5% |
| Recurring financial charges | 65 | €62 | €435 | +€373 | +599.5% |
| Profit (loss) for the period before taxes | 9903 | €21,315 | €4,983 | -€16,333 | -76.6% |
| Income taxes | 67/77 | €6,716 | €1,859 | -€4,857 | -72.3% |
| Profit (loss) for the period | 9904 | €14,599 | €3,124 | -€11,475 | -78.6% |
| Profit (loss) for the period to be appropriated | 9905 | €14,599 | €3,124 | -€11,475 | -78.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.