POLYSEB: 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.
POLYSEB
Largest movements
- Current investments -€50,000
no longer reported in 2025 (was €50,000)
- Cash +€33,078
up €33,078 (+73.7%), from €44,886 to €77,964
mainly Current investments (+€50,000) and Net result for the year (+€44,159)
- Tangible fixed assets -€13,837
down €13,837 (-28.3%), from €48,980 to €35,143
of which Furniture and vehicles: -€14,323
- Profit (loss) carried forward -€55,841
down €55,841 (-73.2%), from €76,284 to €20,443
- Other debts +€27,054
up €27,054 (+112%), from €24,086 to €51,139
- Current portion of long-term debt -€10,957
down €10,957 (-86.7%), from €12,643 to €1,686
- Trade debts +€6,559
up €6,559 (+240%), from €2,728 to €9,286
- Advances received +€5,690
new in 2025: €5,690
- Purchases and services +€178,824
new in 2025: €178,824
- Gross operating margin -€11,757
down €11,757 (-14.0%), from €84,062 to €72,306
- Taxes -€9,251
down €9,251 (-52.4%), from €17,669 to €8,418
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.
Derived cash bridge
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 | €177,936 | €148,300 | -€29,636 | -16.7% |
| Fixed assets | 21/28 | €48,980 | €35,143 | -€13,837 | -28.3% |
| Tangible fixed assets | 22/27 | €48,980 | €35,143 | -€13,837 | -28.3% |
| Plant, machinery and equipment | 23 | €7,223 | €7,708 | +€485 | +6.7% |
| Furniture and vehicles | 24 | €41,757 | €27,435 | -€14,323 | -34.3% |
| Current assets | 29/58 | €128,956 | €113,158 | -€15,799 | -12.3% |
| Amounts receivable within one year | 40/41 | €30,918 | €31,410 | +€492 | +1.6% |
| Trade receivables | 40 | €30,918 | €29,180 | -€1,738 | -5.6% |
| Other amounts receivable | 41 | - | €2,230 | +€2,230 | |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €44,886 | €77,964 | +€33,078 | +73.7% |
| Deferred charges and accrued income | 490/1 | €3,152 | €3,784 | +€632 | +20.0% |
| Total equity and liabilities | 10/49 | €177,936 | €148,300 | -€29,636 | -16.7% |
| Equity | 10/15 | €117,964 | €62,123 | -€55,841 | -47.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €35,480 | €35,480 | = | 0.0% |
| Distributable reserves | 133 | €35,480 | €35,480 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,284 | €20,443 | -€55,841 | -73.2% |
| Amounts payable | 17/49 | €59,973 | €86,177 | +€26,205 | +43.7% |
| Amounts payable after more than one year | 17 | €1,686 | - | -€1,686 | |
| Financial debts | 170/4 | €1,686 | - | -€1,686 | |
| Amounts payable within one year | 42/48 | €58,287 | €86,177 | +€27,891 | +47.9% |
| Current portion of amounts payable after more than one year | 42 | €12,643 | €1,686 | -€10,957 | -86.7% |
| Trade debts | 44 | €2,728 | €9,286 | +€6,559 | +240% |
| Suppliers | 440/4 | €2,728 | €9,286 | +€6,559 | +240% |
| Advances received on contracts in progress | 46 | - | €5,690 | +€5,690 | |
| Taxes, remuneration and social security | 45 | €18,831 | €18,376 | -€455 | -2.4% |
| Taxes | 450/3 | €18,831 | €18,376 | -€455 | -2.4% |
| Other amounts payable | 47/48 | €24,086 | €51,139 | +€27,054 | +112% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €178,824 | +€178,824 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,274 | €18,917 | +€644 | +3.5% |
| Other operating charges | 640/8 | €1,976 | €1,467 | -€509 | -25.7% |
| Gross operating margin | 9900 | €84,062 | €72,306 | -€11,757 | -14.0% |
| Operating profit (loss) | 9901 | €63,813 | €51,921 | -€11,892 | -18.6% |
| Financial income | 75/76B | €564 | €840 | +€275 | +48.8% |
| Recurring financial income | 75 | €564 | €840 | +€275 | +48.8% |
| Financial charges | 65/66B | €433 | €184 | -€249 | -57.6% |
| Recurring financial charges | 65 | €433 | €184 | -€249 | -57.6% |
| Profit (loss) for the period before taxes | 9903 | €63,944 | €52,577 | -€11,367 | -17.8% |
| Income taxes | 67/77 | €17,669 | €8,418 | -€9,251 | -52.4% |
| Profit (loss) for the period | 9904 | €46,274 | €44,159 | -€2,116 | -4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €46,274 | €44,159 | -€2,116 | -4.6% |
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 13 October 2026 via checked.be.