POLYSERCO: 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.
POLYSERCO
Largest movements
- Tangible fixed assets -€15,907
down €15,907 (-47.9%), from €33,233 to €17,326
- Deferred charges and accrued income +€1,157
new in 2025: €1,157
- Receivables within one year -€918
down €918 (-26.0%), from €3,529 to €2,611
of which Trade receivables: -€1,777
- Cash -€902
down €902 (-96.8%), from €932 to €30
mainly Net result for the year (-€27,318) and Other debts (-€2,039)
- Profit (loss) carried forward -€27,318
down €27,318 (-155.8%), from -€17,531 to -€44,849
- Trade debts +€14,127
up €14,127 (+31.3%), from €45,064 to €59,191
- Other debts -€2,039
down €2,039 (-35.0%), from €5,822 to €3,782
- Accrued charges and deferred income -€1,339
no longer reported in 2025 (was €1,339)
- Gross operating margin -€7,776
down €7,776 (-403.6%), from -€1,927 to -€9,703
- Depreciation +€1,419
up €1,419 (+9.8%), from €14,488 to €15,907
- Other operating charges +€463
up €463 (+41.4%), from €1,116 to €1,579
- Financial charges +€135
new in 2025: €135
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 | €37,694 | €21,125 | -€16,569 | -44.0% |
| Fixed assets | 21/28 | €33,233 | €17,326 | -€15,907 | -47.9% |
| Tangible fixed assets | 22/27 | €33,233 | €17,326 | -€15,907 | -47.9% |
| Furniture and vehicles | 24 | €33,233 | €17,326 | -€15,907 | -47.9% |
| Current assets | 29/58 | €4,461 | €3,798 | -€662 | -14.9% |
| Amounts receivable within one year | 40/41 | €3,529 | €2,611 | -€918 | -26.0% |
| Trade receivables | 40 | €1,777 | - | -€1,777 | |
| Other amounts receivable | 41 | €1,752 | €2,611 | +€859 | +49.0% |
| Cash at bank and in hand | 54/58 | €932 | €30 | -€902 | -96.8% |
| Deferred charges and accrued income | 490/1 | - | €1,157 | +€1,157 | |
| Total equity and liabilities | 10/49 | €37,694 | €21,125 | -€16,569 | -44.0% |
| Equity | 10/15 | -€14,531 | -€41,849 | -€27,318 | -188.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,531 | -€44,849 | -€27,318 | -155.8% |
| Amounts payable | 17/49 | €52,225 | €62,973 | +€10,749 | +20.6% |
| Amounts payable within one year | 42/48 | €50,886 | €62,973 | +€12,088 | +23.8% |
| Trade debts | 44 | €45,064 | €59,191 | +€14,127 | +31.3% |
| Suppliers | 440/4 | €45,064 | €59,191 | +€14,127 | +31.3% |
| Other amounts payable | 47/48 | €5,822 | €3,782 | -€2,039 | -35.0% |
| Accrued charges and deferred income | 492/3 | €1,339 | - | -€1,339 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,488 | €15,907 | +€1,419 | +9.8% |
| Other operating charges | 640/8 | €1,116 | €1,579 | +€463 | +41.4% |
| Gross operating margin | 9900 | -€1,927 | -€9,703 | -€7,776 | -403.6% |
| Operating profit (loss) | 9901 | -€17,531 | -€27,189 | -€9,658 | -55.1% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | - | €135 | +€135 | |
| Recurring financial charges | 65 | - | €135 | +€135 | |
| Profit (loss) for the period before taxes | 9903 | -€17,531 | -€27,318 | -€9,788 | -55.8% |
| Profit (loss) for the period | 9904 | -€17,531 | -€27,318 | -€9,788 | -55.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,531 | -€27,318 | -€9,788 | -55.8% |
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 4 October 2026 via checked.be.