POLYTEC: 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.
POLYTEC
Largest movements
- Cash +€34,828
up €34,828 (+66.4%), from €52,449 to €87,277
mainly Trade debts (+€24,099) and Depreciation (+€14,154)
- Tangible fixed assets -€14,154
down €14,154 (-39.7%), from €35,680 to €21,525
of which Furniture and vehicles: -€8,486
- Receivables within one year +€7,528
up €7,528 (+79.9%), from €9,423 to €16,951
of which Trade receivables: +€8,266
- Deferred charges and accrued income +€1,821
up €1,821 (+51.8%), from €3,516 to €5,337
- Trade debts +€24,099
up €24,099 (+240.7%), from €10,011 to €34,110
- Tax, wage and social debts +€11,541
up €11,541 (+261.6%), from €4,411 to €15,953
- Profit (loss) carried forward -€2,865
down €2,865 (-77.5%), from -€3,696 to -€6,561
- Other debts -€2,457
down €2,457 (-84.9%), from €2,895 to €438
- Depreciation -€581
down €581 (-3.9%), from €14,735 to €14,154
- Taxes +€449
up €449 (+213.0%), from €211 to €659
- Gross operating margin +€375
up €375 (+2.9%), from €12,734 to €13,109
- Other operating charges -€258
down €258 (-21.1%), from €1,223 to €965
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 | €101,068 | €131,090 | +€30,022 | +29.7% |
| Fixed assets | 21/28 | €35,680 | €21,525 | -€14,154 | -39.7% |
| Tangible fixed assets | 22/27 | €35,680 | €21,525 | -€14,154 | -39.7% |
| Plant, machinery and equipment | 23 | €10,524 | €6,722 | -€3,802 | -36.1% |
| Furniture and vehicles | 24 | €16,926 | €8,440 | -€8,486 | -50.1% |
| Other tangible fixed assets | 26 | €8,229 | €6,364 | -€1,865 | -22.7% |
| Current assets | 29/58 | €65,388 | €109,565 | +€44,176 | +67.6% |
| Amounts receivable within one year | 40/41 | €9,423 | €16,951 | +€7,528 | +79.9% |
| Trade receivables | 40 | €7,521 | €15,787 | +€8,266 | +109.9% |
| Other amounts receivable | 41 | €1,902 | €1,164 | -€738 | -38.8% |
| Cash at bank and in hand | 54/58 | €52,449 | €87,277 | +€34,828 | +66.4% |
| Deferred charges and accrued income | 490/1 | €3,516 | €5,337 | +€1,821 | +51.8% |
| Total equity and liabilities | 10/49 | €101,068 | €131,090 | +€30,022 | +29.7% |
| Equity | 10/15 | €80,477 | €77,612 | -€2,865 | -3.6% |
| Reserves | 13 | €84,173 | €84,173 | = | 0.0% |
| Distributable reserves | 133 | €84,173 | €84,173 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,696 | -€6,561 | -€2,865 | -77.5% |
| Amounts payable | 17/49 | €20,591 | €53,478 | +€32,887 | +159.7% |
| Amounts payable within one year | 42/48 | €18,537 | €51,764 | +€33,226 | +179.2% |
| Trade debts | 44 | €10,011 | €34,110 | +€24,099 | +240.7% |
| Suppliers | 440/4 | €10,011 | €34,110 | +€24,099 | +240.7% |
| Advances received on contracts in progress | 46 | €1,220 | €1,263 | +€43 | +3.5% |
| Taxes, remuneration and social security | 45 | €4,411 | €15,953 | +€11,541 | +261.6% |
| Taxes | 450/3 | €4,411 | €15,953 | +€11,541 | +261.6% |
| Other amounts payable | 47/48 | €2,895 | €438 | -€2,457 | -84.9% |
| Accrued charges and deferred income | 492/3 | €2,054 | €1,714 | -€339 | -16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,735 | €14,154 | -€581 | -3.9% |
| Other operating charges | 640/8 | €1,223 | €965 | -€258 | -21.1% |
| Gross operating margin | 9900 | €12,734 | €13,109 | +€375 | +2.9% |
| Operating profit (loss) | 9901 | -€3,225 | -€2,010 | +€1,215 | +37.7% |
| Financial income | 75/76B | €161 | €245 | +€84 | +52.1% |
| Recurring financial income | 75 | €161 | €245 | +€84 | +52.1% |
| Financial charges | 65/66B | €422 | €441 | +€19 | +4.5% |
| Recurring financial charges | 65 | €422 | €441 | +€19 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,486 | -€2,206 | +€1,280 | +36.7% |
| Income taxes | 67/77 | €211 | €659 | +€449 | +213.0% |
| Profit (loss) for the period | 9904 | -€3,696 | -€2,865 | +€831 | +22.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,696 | -€2,865 | +€831 | +22.5% |
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 8 October 2026 via checked.be.