POLYTECHNIC: what changed
What changed
POLYTECHNIC
NACE 46.643, Wholesale of electrical equipment, including installation materials
filed annual accounts (NBB)
Net result for the year
€123,412
2024 · €61,784+€61,629
Equity
€358,933
2024 · €246,381+€112,552
Cash
€8,079
2024 · €12,821-€4,742
Balance sheet total
€409,411
2024 · €319,829+€89,583
Largest movements
Assets
- Current investments +€152,559
up €152,559 (+65.8%), from €232,007 to €384,566
- Receivables within one year -€60,111
down €60,111 (-90.0%), from €66,753 to €6,642
- Cash -€4,742
down €4,742 (-37.0%), from €12,821 to €8,079
mainly Current investments (-€152,559) and Other debts (-€11,530)
Equity and liabilities
- Reserves +€112,552
up €112,552 (+48.1%), from €233,981 to €346,533
- Other debts -€11,530
down €11,530 (-45.0%), from €25,621 to €14,091
- Current portion of long-term debt -€10,979
down €10,979 (-38.9%), from €28,199 to €17,220
Income statement
- Gross operating margin +€83,304
up €83,304 (+83.6%), from €99,617 to €182,921
- Taxes +€27,493
up €27,493 (+90.2%), from €30,480 to €57,973
- Financial income +€3,519
up €3,519 (+157%), from €2,248 to €5,767
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€61,784
Gross operating margin
+€83,304
Depreciation
+€1,520
Other operating charges
+€171
Financial income
+€3,519
Financial charges
+€608
Taxes
-€27,493
Result 2025
€123,412
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€175,674
Investment
-€158,577
Financing
-€21,839
Cash 2024
€12,821
From operations (derived)
+€175,674
Net result for the year
+€123,412
Depreciation
+€3,074
Receivables within one year
+€60,111
Deferred charges and accrued income
+€1,067
Trade debts
-€203
Tax, wage and social debts
+€864
Other debts
-€11,530
Accrued charges and deferred income
-€1,121
Investment (derived)
-€158,577
Investment in fixed assets (net)
-€6,018
Current investments
-€152,559
Financing
-€21,839
Current portion of long-term debt
-€10,979
Contributions, distributions and other
-€10,860
Cash 2025
€8,079
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €319,829 | €409,411 | +€89,583 | +28.0% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €2,933 | €5,877 | +€2,943 | +100% |
| Tangible fixed assets | 22/27 | €2,884 | €2,509 | -€374 | -13.0% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €2,884 | €2,509 | -€374 | -13.0% |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Financial fixed assets | 28 | €50 | €3,367 | +€3,318 | +6,692% |
| Current assets | 29/58 | €316,896 | €403,535 | +€86,639 | +27.3% |
| Amounts receivable within one year | 40/41 | €66,753 | €6,642 | -€60,111 | -90.0% |
| Trade receivables | 40 | €66,753 | €6,642 | -€60,111 | -90.0% |
| Current investments | 50/53 | €232,007 | €384,566 | +€152,559 | +65.8% |
| Cash at bank and in hand | 54/58 | €12,821 | €8,079 | -€4,742 | -37.0% |
| Deferred charges and accrued income | 490/1 | €5,314 | €4,248 | -€1,067 | -20.1% |
| Total equity and liabilities | 10/49 | €319,829 | €409,411 | +€89,583 | +28.0% |
| Equity | 10/15 | €246,381 | €358,933 | +€112,552 | +45.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €233,981 | €346,533 | +€112,552 | +48.1% |
| Distributable reserves | 133 | €233,981 | €346,533 | +€112,552 | +48.1% |
| Amounts payable | 17/49 | €73,448 | €50,479 | -€22,969 | -31.3% |
| Amounts payable within one year | 42/48 | €71,312 | €49,464 | -€21,848 | -30.6% |
| Current portion of amounts payable after more than one year | 42 | €28,199 | €17,220 | -€10,979 | -38.9% |
| Trade debts | 44 | €828 | €625 | -€203 | -24.5% |
| Suppliers | 440/4 | €828 | €625 | -€203 | -24.5% |
| Taxes, remuneration and social security | 45 | €16,664 | €17,528 | +€864 | +5.2% |
| Taxes | 450/3 | €16,664 | €17,528 | +€864 | +5.2% |
| Other amounts payable | 47/48 | €25,621 | €14,091 | -€11,530 | -45.0% |
| Accrued charges and deferred income | 492/3 | €2,136 | €1,015 | -€1,121 | -52.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,594 | €3,074 | -€1,520 | -33.1% |
| Other operating charges | 640/8 | €1,737 | €1,567 | -€171 | -9.8% |
| Gross operating margin | 9900 | €99,617 | €182,921 | +€83,304 | +83.6% |
| Operating profit (loss) | 9901 | €93,285 | €178,280 | +€84,995 | +91.1% |
| Financial income | 75/76B | €2,248 | €5,767 | +€3,519 | +157% |
| Recurring financial income | 75 | €2,248 | €5,767 | +€3,519 | +157% |
| Financial charges | 65/66B | €3,269 | €2,661 | -€608 | -18.6% |
| Recurring financial charges | 65 | €3,269 | €2,661 | -€608 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €92,264 | €181,385 | +€89,122 | +96.6% |
| Income taxes | 67/77 | €30,480 | €57,973 | +€27,493 | +90.2% |
| Profit (loss) for the period | 9904 | €61,784 | €123,412 | +€61,629 | +99.7% |
| Profit (loss) for the period to be appropriated | 9905 | €61,784 | €123,412 | +€61,629 | +99.7% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.