Polysto Group: 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.
What changed
Polysto Group
NACE 46.900, Non-specialised wholesale trade
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€611,920
2024 · €622,154-€10,234
Equity
€6.1m
2024 · €5.5m+€611,920
Cash
€2.3m
2024 · €1.2m+€1.2m
Balance sheet total
€21.1m
2024 · €10.0m+€11.1m
Largest movements
Assets
- Financial fixed assets +€10.1m
up €10.1m (+35239.1%), from €28,698 to €10.1m
of which Affiliated companies: +€10.1m
- Cash +€1.2m
up €1.2m (+98.1%), from €1.2m to €2.3m
mainly Debts after one year (+€8.3m) and Short-term financial debts (+€1.1m)
- Receivables within one year +€539,878
up €539,878 (+20.4%), from €2.6m to €3.2m
of which Trade receivables: +€582,931
- Current investments -€500,000
no longer reported in 2025 (was €500,000)
- Intangible fixed assets -€396,320
down €396,320 (-18.0%), from €2.2m to €1.8m
Equity and liabilities
- Debts after one year +€8.3m
up €8.3m (+1250.2%), from €661,830 to €8.9m
- Short-term financial debts +€1.1m
new in 2025: €1.1m
- Trade debts +€776,811
up €776,811 (+30.8%), from €2.5m to €3.3m
- Profit (loss) carried forward +€611,920
up €611,920 (+38.1%), from €1.6m to €2.2m
- Other debts +€500,000
new in 2025: €500,000
Income statement
- Turnover +€2.1m
up €2.1m (+11.2%), from €18.7m to €20.7m
- Goods and materials +€1.1m
up €1.1m (+10.0%), from €10.7m to €11.8m
of which Purchases: +€572,124
- Services and other goods +€470,063
up €470,063 (+14.3%), from €3.3m to €3.8m
- Staff costs +€368,317
up €368,317 (+12.7%), from €2.9m to €3.3m
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.
Result 2024
€622,154
Turnover
+€2.1m
Other operating income
+€55,561
Goods and materials
-€1.1m
Services and other goods
-€470,063
Staff costs
-€368,317
Depreciation
+€134,507
Write-downs
-€1,876
Other operating charges
-€5,733
Other operating items
-€227,657
Financial income
-€4,491
Financial charges
-€42,851
Taxes
-€89,710
Result 2025
€611,920
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.
From operations
+€1.8m
Investment
-€10.1m
Financing
+€9.4m
Cash 2024
€1.2m
From operations (derived)
+€1.8m
Net result for the year
+€611,920
Depreciation
+€731,960
Stocks and contracts
-€65,470
Receivables within one year
-€539,878
Deferred charges and accrued income
+€490
Trade debts
+€776,811
Tax, wage and social debts
+€84,107
Other debts
+€500,000
Accrued charges and deferred income
-€320,891
Investment (derived)
-€10.1m
Investment in fixed assets (net)
-€10.6m
Current investments
+€500,000
Financing
+€9.4m
Debts after one year
+€8.3m
Current portion of long-term debt
+€24,839
Short-term financial debts
+€1.1m
Cash 2025
€2.3m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,038,910 | €21,122,069 | +€11.1m | +110.4% |
| Formation expenses | 20 | €3,426 | €1,301 | -€2,125 | -62.0% |
| Fixed assets | 21/28 | €3,391,610 | €13,212,358 | +€9.8m | +289.6% |
| Intangible fixed assets | 21 | €2,199,092 | €1,802,772 | -€396,320 | -18.0% |
| Tangible fixed assets | 22/27 | €1,163,819 | €1,267,888 | +€104,068 | +8.9% |
| Land and buildings | 22 | €561,946 | €501,541 | -€60,406 | -10.7% |
| Plant, machinery and equipment | 23 | €348,401 | €454,450 | +€106,050 | +30.4% |
| Furniture and vehicles | 24 | €58,003 | €53,348 | -€4,655 | -8.0% |
| Leasing and similar rights | 25 | €187,317 | €258,279 | +€70,962 | +37.9% |
| Other tangible fixed assets | 26 | €8,153 | €270 | -€7,882 | -96.7% |
| Financial fixed assets | 28 | €28,698 | €10,141,698 | +€10.1m | +35239.1% |
| Affiliated companies | 280/1 | - | €10,113,000 | +€10.1m | |
| Participating interests | 280 | - | €10,113,000 | +€10.1m | |
| Other financial fixed assets | 284/8 | €28,698 | €28,698 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €28,698 | €28,698 | = | 0.0% |
| Current assets | 29/58 | €6,643,874 | €7,908,409 | +€1.3m | +19.0% |
| Stocks and contracts in progress | 3 | €2,205,916 | €2,271,386 | +€65,470 | +3.0% |
| Stocks | 30/36 | €2,205,916 | €2,271,386 | +€65,470 | +3.0% |
| Raw materials and consumables | 30/31 | €257,826 | €287,230 | +€29,404 | +11.4% |
| Work in progress | 32 | €28,880 | €46,056 | +€17,176 | +59.5% |
| Finished goods | 33 | €1,309,929 | €1,397,116 | +€87,187 | +6.7% |
| Goods purchased for resale | 34 | €609,282 | €540,984 | -€68,298 | -11.2% |
| Amounts receivable within one year | 40/41 | €2,646,119 | €3,185,997 | +€539,878 | +20.4% |
| Trade receivables | 40 | €2,337,719 | €2,920,650 | +€582,931 | +24.9% |
| Other amounts receivable | 41 | €308,400 | €265,347 | -€43,053 | -14.0% |
| Current investments | 50/53 | €500,000 | - | -€500,000 | |
| Other investments | 51/53 | €500,000 | - | -€500,000 | |
| Cash at bank and in hand | 54/58 | €1,182,249 | €2,341,926 | +€1.2m | +98.1% |
| Deferred charges and accrued income | 490/1 | €109,590 | €109,100 | -€490 | -0.4% |
| Total equity and liabilities | 10/49 | €10,038,910 | €21,122,069 | +€11.1m | +110.4% |
| Equity | 10/15 | €5,480,417 | €6,092,337 | +€611,920 | +11.2% |
| Contributions | 10/11 | €3,006,080 | €3,006,080 | = | 0.0% |
| Reserves | 13 | €866,547 | €866,547 | = | 0.0% |
| Distributable reserves | 133 | €866,547 | €866,547 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,607,791 | €2,219,711 | +€611,920 | +38.1% |
| Amounts payable | 17/49 | €4,558,493 | €15,029,731 | +€10.5m | +229.7% |
| Amounts payable after more than one year | 17 | €661,830 | €8,936,203 | +€8.3m | +1250.2% |
| Financial debts | 170/4 | €661,830 | €8,936,203 | +€8.3m | +1250.2% |
| Leasing and similar obligations | 172 | €103,496 | €152,869 | +€49,373 | +47.7% |
| Credit institutions | 173 | €558,334 | €3,033,334 | +€2.5m | +443.3% |
| Other loans | 174 | - | €5,750,000 | +€5.8m | |
| Amounts payable within one year | 42/48 | €3,512,620 | €6,030,376 | +€2.5m | +71.7% |
| Current portion of amounts payable after more than one year | 42 | €605,356 | €630,195 | +€24,839 | +4.1% |
| Financial debts | 43 | - | €1,132,000 | +€1.1m | |
| Credit institutions | 430/8 | - | €1,132,000 | +€1.1m | |
| Trade debts | 44 | €2,518,806 | €3,295,616 | +€776,811 | +30.8% |
| Suppliers | 440/4 | €2,518,806 | €3,295,616 | +€776,811 | +30.8% |
| Taxes, remuneration and social security | 45 | €388,458 | €472,565 | +€84,107 | +21.7% |
| Taxes | 450/3 | €86,120 | €146,140 | +€60,020 | +69.7% |
| Remuneration and social security | 454/9 | €302,337 | €326,425 | +€24,087 | +8.0% |
| Other amounts payable | 47/48 | - | €500,000 | +€500,000 | |
| Accrued charges and deferred income | 492/3 | €384,044 | €63,153 | -€320,891 | -83.6% |
| Operating income | 70/76A | €18,855,092 | €21,061,339 | +€2.2m | +11.7% |
| Turnover | 70 | €18,657,397 | €20,743,580 | +€2.1m | +11.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €36,488 | €100,992 | +€64,503 | +176.8% |
| Other operating income | 74 | €161,207 | €216,768 | +€55,561 | +34.5% |
| Operating charges | 60/66A | €17,815,701 | €19,895,132 | +€2.1m | +11.7% |
| Goods for resale, raw materials and consumables | 60 | €10,735,423 | €11,811,211 | +€1.1m | +10.0% |
| Purchases | 600/8 | €11,203,565 | €11,775,689 | +€572,124 | +5.1% |
| Change in stocks: decrease (increase) | 609 | -€468,142 | €35,522 | +€503,664 | |
| Services and other goods | 61 | €3,281,882 | €3,751,945 | +€470,063 | +14.3% |
| Remuneration, social security and pensions | 62 | €2,904,528 | €3,272,845 | +€368,317 | +12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €866,467 | €731,960 | -€134,507 | -15.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,876 | - | +€1,876 | |
| Other operating charges | 640/8 | €29,278 | €35,011 | +€5,733 | +19.6% |
| Non-recurring operating charges | 66A | - | €292,161 | +€292,161 | |
| Operating profit (loss) | 9901 | €1,039,390 | €1,166,207 | +€126,817 | +12.2% |
| Financial income | 75/76B | €21,488 | €16,997 | -€4,491 | -20.9% |
| Recurring financial income | 75 | €21,488 | €16,997 | -€4,491 | -20.9% |
| Income from current assets | 751 | €13,903 | €9,390 | -€4,512 | -32.5% |
| Other financial income | 752/9 | €7,585 | €7,607 | +€22 | +0.3% |
| Financial charges | 65/66B | €134,553 | €177,404 | +€42,851 | +31.8% |
| Recurring financial charges | 65 | €134,553 | €177,404 | +€42,851 | +31.8% |
| Debt charges | 650 | €49,529 | €85,994 | +€36,465 | +73.6% |
| Other financial charges | 652/9 | €85,025 | €91,411 | +€6,386 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | €926,325 | €1,005,800 | +€79,476 | +8.6% |
| Income taxes | 67/77 | €304,171 | €393,880 | +€89,710 | +29.5% |
| Taxes | 670/3 | €304,171 | €424,757 | +€120,586 | +39.6% |
| Tax adjustments and reversals of tax provisions | 77 | - | €30,877 | +€30,877 | |
| Profit (loss) for the period | 9904 | €622,154 | €611,920 | -€10,234 | -1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €622,154 | €611,920 | -€10,234 | -1.6% |
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 12 October 2026 via checked.be.