POLYRIS: 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.
POLYRIS
Largest movements
- Receivables within one year +€102,701
up €102,701 (+30.7%), from €334,865 to €437,565
of which Trade receivables: +€84,312
- Tangible fixed assets -€38,798
down €38,798 (-3.8%), from €1.0m to €992,040
of which Land and buildings: -€25,585
- Cash -€32,791
down €32,791 (-8.9%), from €368,684 to €335,894
mainly Receivables within one year (-€102,701) and Investment in fixed assets (net) (-€59,169)
- Current investments +€30,000
up €30,000 (+12.0%), from €250,000 to €280,000
- Reserves +€210,744
up €210,744 (+20.6%), from €1.0m to €1.2m
- Profit (loss) carried forward -€107,523
down €107,523 (-100.0%), from €107,568 to €45
- Debts after one year -€38,656
down €38,656 (-6.0%), from €646,186 to €607,530
- Accrued charges and deferred income +€27,870
up €27,870 (+19654.4%), from €142 to €28,012
- Staff costs +€57,806
up €57,806 (+15.6%), from €370,480 to €428,286
- Gross operating margin +€52,131
up €52,131 (+7.8%), from €664,354 to €716,485
- Taxes -€17,414
down €17,414 (-29.2%), from €59,682 to €42,268
- Depreciation +€9,029
up €9,029 (+10.2%), from €88,938 to €97,967
- Other operating charges +€8,896
up €8,896 (+416.0%), from €2,139 to €11,035
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 | €2,019,460 | €2,094,738 | +€75,278 | +3.7% |
| Fixed assets | 21/28 | €1,030,888 | €992,090 | -€38,798 | -3.8% |
| Tangible fixed assets | 22/27 | €1,030,838 | €992,040 | -€38,798 | -3.8% |
| Land and buildings | 22 | €856,708 | €831,123 | -€25,585 | -3.0% |
| Plant, machinery and equipment | 23 | €16,433 | €10,210 | -€6,223 | -37.9% |
| Furniture and vehicles | 24 | €157,697 | €150,707 | -€6,990 | -4.4% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €988,572 | €1,102,648 | +€114,076 | +11.5% |
| Amounts receivable within one year | 40/41 | €334,865 | €437,565 | +€102,701 | +30.7% |
| Trade receivables | 40 | €314,672 | €398,984 | +€84,312 | +26.8% |
| Other amounts receivable | 41 | €20,193 | €38,581 | +€18,388 | +91.1% |
| Current investments | 50/53 | €250,000 | €280,000 | +€30,000 | +12.0% |
| Cash at bank and in hand | 54/58 | €368,684 | €335,894 | -€32,791 | -8.9% |
| Deferred charges and accrued income | 490/1 | €35,023 | €49,189 | +€14,166 | +40.4% |
| Total equity and liabilities | 10/49 | €2,019,460 | €2,094,738 | +€75,278 | +3.7% |
| Equity | 10/15 | €1,148,469 | €1,251,690 | +€103,222 | +9.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,022,301 | €1,233,045 | +€210,744 | +20.6% |
| Distributable reserves | 133 | €1,022,301 | €1,233,045 | +€210,744 | +20.6% |
| Profit (loss) carried forward | 14 | €107,568 | €45 | -€107,523 | -100.0% |
| Amounts payable | 17/49 | €870,992 | €843,048 | -€27,944 | -3.2% |
| Amounts payable after more than one year | 17 | €646,186 | €607,530 | -€38,656 | -6.0% |
| Financial debts | 170/4 | €646,186 | €607,530 | -€38,656 | -6.0% |
| Amounts payable within one year | 42/48 | €224,664 | €207,506 | -€17,158 | -7.6% |
| Current portion of amounts payable after more than one year | 42 | €38,170 | €38,656 | +€487 | +1.3% |
| Trade debts | 44 | €44,019 | €26,842 | -€17,177 | -39.0% |
| Suppliers | 440/4 | €44,019 | €26,842 | -€17,177 | -39.0% |
| Taxes, remuneration and social security | 45 | €104,748 | €105,125 | +€377 | +0.4% |
| Taxes | 450/3 | €26,186 | €33,727 | +€7,541 | +28.8% |
| Remuneration and social security | 454/9 | €78,562 | €71,398 | -€7,164 | -9.1% |
| Other amounts payable | 47/48 | €37,727 | €36,882 | -€845 | -2.2% |
| Accrued charges and deferred income | 492/3 | €142 | €28,012 | +€27,870 | +19654.4% |
| Remuneration, social security and pensions | 62 | €370,480 | €428,286 | +€57,806 | +15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,938 | €97,967 | +€9,029 | +10.2% |
| Other operating charges | 640/8 | €2,139 | €11,035 | +€8,896 | +416.0% |
| Gross operating margin | 9900 | €664,354 | €716,485 | +€52,131 | +7.8% |
| Operating profit (loss) | 9901 | €202,797 | €179,197 | -€23,600 | -11.6% |
| Financial income | 75/76B | €14,029 | €7,834 | -€6,194 | -44.2% |
| Recurring financial income | 75 | €14,029 | €7,834 | -€6,194 | -44.2% |
| Financial charges | 65/66B | €9,980 | €9,347 | -€634 | -6.3% |
| Recurring financial charges | 65 | €9,980 | €9,347 | -€634 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €206,846 | €177,685 | -€29,161 | -14.1% |
| Income taxes | 67/77 | €59,682 | €42,268 | -€17,414 | -29.2% |
| Profit (loss) for the period | 9904 | €147,164 | €135,417 | -€11,747 | -8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €147,164 | €135,417 | -€11,747 | -8.0% |
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 6 October 2026 via checked.be.