PolySense: 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.
PolySense
Largest movements
- Cash +€706,272
up €706,272 (+337%), from €209,576 to €915,847
mainly Debts after one year (+€1.7m) and Accrued charges and deferred income (+€215,538)
- Tangible fixed assets +€234,973
up €234,973 (+162%), from €145,281 to €380,254
of which Plant, machinery and equipment: +€218,917
- Receivables within one year +€169,194
up €169,194 (+60.6%), from €279,426 to €448,620
- Intangible fixed assets +€130,448
up €130,448 (+15,364%), from €849 to €131,297
- Deferred charges and accrued income +€44,819
up €44,819 (+462%), from €9,698 to €54,516
- Debts after one year +€1.7m
up €1.7m (+2,713%), from €62,346 to €1.8m
- Profit (loss) carried forward -€755,804
new in 2025: -€755,804
- Accrued charges and deferred income +€215,538
new in 2025: €215,538
- Trade debts +€121,390
up €121,390 (+766%), from €15,851 to €137,242
- Short-term financial debts +€29,071
up €29,071 (+1,291%), from €2,252 to €31,323
- Staff costs +€529,171
up €529,171 (+157%), from €337,241 to €866,413
- Gross operating margin -€392,036
down €392,036 (-62.8%), from €623,914 to €231,878
- Financial charges +€54,563
up €54,563 (+4,348%), from €1,255 to €55,818
- Taxes -€54,412
down €54,412 (-98.4%), from €55,301 to €890
- Depreciation +€36,275
up €36,275 (+194%), from €18,679 to €54,954
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 | €646,623 | €1,931,580 | +€1.3m | +199% |
| Formation expenses | 20 | €1,794 | €1,046 | -€748 | -41.7% |
| Fixed assets | 21/28 | €146,130 | €511,551 | +€365,421 | +250% |
| Intangible fixed assets | 21 | €849 | €131,297 | +€130,448 | +15,364% |
| Tangible fixed assets | 22/27 | €145,281 | €380,254 | +€234,973 | +162% |
| Plant, machinery and equipment | 23 | €30,407 | €249,324 | +€218,917 | +720% |
| Furniture and vehicles | 24 | €10,288 | €11,262 | +€974 | +9.5% |
| Other tangible fixed assets | 26 | €104,586 | €119,668 | +€15,082 | +14.4% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €498,699 | €1,418,983 | +€920,284 | +185% |
| Amounts receivable within one year | 40/41 | €279,426 | €448,620 | +€169,194 | +60.6% |
| Trade receivables | 40 | €279,426 | €448,620 | +€169,194 | +60.6% |
| Cash at bank and in hand | 54/58 | €209,576 | €915,847 | +€706,272 | +337% |
| Deferred charges and accrued income | 490/1 | €9,698 | €54,516 | +€44,819 | +462% |
| Total equity and liabilities | 10/49 | €646,623 | €1,931,580 | +€1.3m | +199% |
| Equity | 10/15 | €396,913 | -€358,891 | -€755,804 | |
| Contributions | 10/11 | €168,000 | €168,000 | = | 0.0% |
| Reserves | 13 | €228,913 | €228,913 | = | 0.0% |
| Distributable reserves | 133 | €228,913 | €228,913 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€755,804 | -€755,804 | |
| Amounts payable | 17/49 | €249,710 | €2,290,471 | +€2.0m | +817% |
| Amounts payable after more than one year | 17 | €62,346 | €1,753,821 | +€1.7m | +2,713% |
| Financial debts | 170/4 | €62,346 | €1,753,821 | +€1.7m | +2,713% |
| Amounts payable within one year | 42/48 | €187,364 | €321,111 | +€133,747 | +71.4% |
| Current portion of amounts payable after more than one year | 42 | €32,391 | €33,525 | +€1,134 | +3.5% |
| Financial debts | 43 | €2,252 | €31,323 | +€29,071 | +1,291% |
| Credit institutions | 430/8 | €2,252 | €31,323 | +€29,071 | +1,291% |
| Trade debts | 44 | €15,851 | €137,242 | +€121,390 | +766% |
| Suppliers | 440/4 | €15,851 | €137,242 | +€121,390 | +766% |
| Taxes, remuneration and social security | 45 | €136,790 | €118,943 | -€17,848 | -13.0% |
| Taxes | 450/3 | €48,834 | €21,731 | -€27,103 | -55.5% |
| Remuneration and social security | 454/9 | €87,957 | €97,212 | +€9,255 | +10.5% |
| Other amounts payable | 47/48 | €78 | €78 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €215,538 | +€215,538 | |
| Remuneration, social security and pensions | 62 | €337,241 | €866,413 | +€529,171 | +157% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,679 | €54,954 | +€36,275 | +194% |
| Other operating charges | 640/8 | €1,065 | €9,610 | +€8,545 | +802% |
| Gross operating margin | 9900 | €623,914 | €231,878 | -€392,036 | -62.8% |
| Operating profit (loss) | 9901 | €266,929 | -€699,098 | -€966,027 | |
| Financial income | 75/76B | €19 | €2 | -€18 | -90.8% |
| Recurring financial income | 75 | €19 | €2 | -€18 | -90.8% |
| Financial charges | 65/66B | €1,255 | €55,818 | +€54,563 | +4,348% |
| Recurring financial charges | 65 | €1,255 | €55,818 | +€54,563 | +4,348% |
| Profit (loss) for the period before taxes | 9903 | €265,693 | -€754,914 | -€1.0m | |
| Income taxes | 67/77 | €55,301 | €890 | -€54,412 | -98.4% |
| Profit (loss) for the period | 9904 | €210,392 | -€755,804 | -€966,195 | |
| Profit (loss) for the period to be appropriated | 9905 | €210,392 | -€755,804 | -€966,195 |
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 25 October 2026 via checked.be.