POLYREST: 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.
POLYREST
Largest movements
- Receivables within one year -€22,611
down €22,611 (-48.0%), from €47,129 to €24,518
of which Trade receivables: -€22,317
- Cash +€21,270
up €21,270 (+8.2%), from €259,304 to €280,574
mainly Receivables within one year (+€22,611) and Deferred charges and accrued income (+€3,024)
- Other debts -€8,497
no longer reported in 2025 (was €8,497)
- Financial income -€87,967
down €87,967 (-100.0%), from €87,981 to €14
- Gross operating margin -€10,638
down €10,638 (-56.5%), from €18,816 to €8,179
- Taxes -€10,544
down €10,544 (-77.0%), from €13,695 to €3,152
- Financial charges -€1,004
down €1,004 (-82.9%), from €1,211 to €208
- Depreciation +€765
up €765 (+60.9%), from €1,256 to €2,020
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 | €317,398 | €310,264 | -€7,135 | -2.2% |
| Fixed assets | 21/28 | €6,609 | €4,588 | -€2,020 | -30.6% |
| Tangible fixed assets | 22/27 | €6,609 | €4,588 | -€2,020 | -30.6% |
| Plant, machinery and equipment | 23 | €5,786 | €4,040 | -€1,746 | -30.2% |
| Other tangible fixed assets | 26 | €823 | €549 | -€275 | -33.4% |
| Current assets | 29/58 | €310,790 | €305,675 | -€5,114 | -1.6% |
| Stocks and contracts in progress | 3 | €1,333 | €583 | -€749 | -56.2% |
| Stocks | 30/36 | €1,333 | €583 | -€749 | -56.2% |
| Amounts receivable within one year | 40/41 | €47,129 | €24,518 | -€22,611 | -48.0% |
| Trade receivables | 40 | €38,685 | €16,368 | -€22,317 | -57.7% |
| Other amounts receivable | 41 | €8,443 | €8,149 | -€294 | -3.5% |
| Cash at bank and in hand | 54/58 | €259,304 | €280,574 | +€21,270 | +8.2% |
| Deferred charges and accrued income | 490/1 | €3,024 | - | -€3,024 | |
| Total equity and liabilities | 10/49 | €317,398 | €310,264 | -€7,135 | -2.2% |
| Equity | 10/15 | €297,699 | €299,441 | +€1,742 | +0.6% |
| Contributions | 10/11 | €136,000 | €136,000 | = | 0.0% |
| Reserves | 13 | €147,402 | €149,144 | +€1,742 | +1.2% |
| Non-distributable reserves | 130/1 | €13,600 | €13,600 | = | 0.0% |
| Reserves not available under the articles | 1311 | €13,600 | €13,600 | = | 0.0% |
| Distributable reserves | 133 | €133,802 | €135,544 | +€1,742 | +1.3% |
| Profit (loss) carried forward | 14 | €14,298 | €14,298 | = | 0.0% |
| Amounts payable | 17/49 | €19,699 | €10,822 | -€8,877 | -45.1% |
| Amounts payable within one year | 42/48 | €19,699 | €10,822 | -€8,877 | -45.1% |
| Trade debts | 44 | €2,194 | €775 | -€1,419 | -64.7% |
| Suppliers | 440/4 | €2,194 | €775 | -€1,419 | -64.7% |
| Taxes, remuneration and social security | 45 | €9,008 | €10,047 | +€1,040 | +11.5% |
| Taxes | 450/3 | €9,008 | €10,047 | +€1,040 | +11.5% |
| Other amounts payable | 47/48 | €8,497 | - | -€8,497 | |
| Remuneration, social security and pensions | 62 | €495 | €527 | +€32 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,256 | €2,020 | +€765 | +60.9% |
| Other operating charges | 640/8 | €678 | €544 | -€134 | -19.8% |
| Gross operating margin | 9900 | €18,816 | €8,179 | -€10,638 | -56.5% |
| Operating profit (loss) | 9901 | €16,388 | €5,087 | -€11,300 | -69.0% |
| Financial income | 75/76B | €87,981 | €14 | -€87,967 | -100.0% |
| Recurring financial income | 75 | €87,981 | €14 | -€87,967 | -100.0% |
| Financial charges | 65/66B | €1,211 | €208 | -€1,004 | -82.9% |
| Recurring financial charges | 65 | €1,211 | €208 | -€1,004 | -82.9% |
| Profit (loss) for the period before taxes | 9903 | €103,157 | €4,894 | -€98,264 | -95.3% |
| Income taxes | 67/77 | €13,695 | €3,152 | -€10,544 | -77.0% |
| Profit (loss) for the period | 9904 | €89,462 | €1,742 | -€87,720 | -98.1% |
| Profit (loss) for the period to be appropriated | 9905 | €89,462 | €1,742 | -€87,720 | -98.1% |
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 3 October 2026 via checked.be.