Polytechnica: 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.
Polytechnica
Largest movements
- Deferred charges and accrued income +€10,672
up €10,672 (+1429.6%), from €746 to €11,418
- Cash -€10,580
down €10,580 (-82.7%), from €12,798 to €2,218
mainly Deferred charges and accrued income (-€10,672) and Other debts (-€5,621)
- Receivables within one year -€2,534
down €2,534 (-30.6%), from €8,290 to €5,755
of which Trade receivables: -€2,630
- Tangible fixed assets -€917
down €917 (-12.2%), from €7,516 to €6,599
of which Furniture and vehicles: -€886
- Other debts -€5,621
down €5,621 (-57.4%), from €9,786 to €4,165
- Profit (loss) carried forward +€3,202
up €3,202 (+44.0%), from €7,280 to €10,482
- Tax, wage and social debts -€1,007
down €1,007 (-13.2%), from €7,618 to €6,611
- Gross operating margin -€10,550
down €10,550 (-49.5%), from €21,296 to €10,746
- Taxes -€1,535
down €1,535 (-43.5%), from €3,531 to €1,996
- Depreciation +€1,435
up €1,435 (+273.9%), from €524 to €1,958
- Financial charges +€1,340
up €1,340 (+565.8%), from €237 to €1,576
- Other operating charges -€339
down €339 (-14.4%), from €2,353 to €2,014
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 | €29,351 | €25,991 | -€3,359 | -11.4% |
| Fixed assets | 21/28 | €7,516 | €6,599 | -€917 | -12.2% |
| Tangible fixed assets | 22/27 | €7,516 | €6,599 | -€917 | -12.2% |
| Plant, machinery and equipment | 23 | €2,656 | €2,946 | +€291 | +10.9% |
| Furniture and vehicles | 24 | €3,369 | €2,484 | -€886 | -26.3% |
| Other tangible fixed assets | 26 | €1,491 | €1,170 | -€322 | -21.6% |
| Current assets | 29/58 | €21,834 | €19,392 | -€2,442 | -11.2% |
| Amounts receivable within one year | 40/41 | €8,290 | €5,755 | -€2,534 | -30.6% |
| Trade receivables | 40 | €8,290 | €5,660 | -€2,630 | -31.7% |
| Other amounts receivable | 41 | - | €96 | +€96 | |
| Cash at bank and in hand | 54/58 | €12,798 | €2,218 | -€10,580 | -82.7% |
| Deferred charges and accrued income | 490/1 | €746 | €11,418 | +€10,672 | +1429.6% |
| Total equity and liabilities | 10/49 | €29,351 | €25,991 | -€3,359 | -11.4% |
| Equity | 10/15 | €9,780 | €12,982 | +€3,202 | +32.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,280 | €10,482 | +€3,202 | +44.0% |
| Amounts payable | 17/49 | €19,570 | €13,009 | -€6,561 | -33.5% |
| Amounts payable within one year | 42/48 | €19,570 | €13,009 | -€6,561 | -33.5% |
| Trade debts | 44 | €2,167 | €2,233 | +€66 | +3.1% |
| Suppliers | 440/4 | €2,167 | €2,233 | +€66 | +3.1% |
| Taxes, remuneration and social security | 45 | €7,618 | €6,611 | -€1,007 | -13.2% |
| Taxes | 450/3 | €7,618 | €6,611 | -€1,007 | -13.2% |
| Other amounts payable | 47/48 | €9,786 | €4,165 | -€5,621 | -57.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €524 | €1,958 | +€1,435 | +273.9% |
| Other operating charges | 640/8 | €2,353 | €2,014 | -€339 | -14.4% |
| Gross operating margin | 9900 | €21,296 | €10,746 | -€10,550 | -49.5% |
| Operating profit (loss) | 9901 | €18,420 | €6,774 | -€11,645 | -63.2% |
| Financial charges | 65/66B | €237 | €1,576 | +€1,340 | +565.8% |
| Recurring financial charges | 65 | €237 | €1,576 | +€1,340 | +565.8% |
| Profit (loss) for the period before taxes | 9903 | €18,183 | €5,198 | -€12,985 | -71.4% |
| Income taxes | 67/77 | €3,531 | €1,996 | -€1,535 | -43.5% |
| Profit (loss) for the period | 9904 | €14,652 | €3,202 | -€11,450 | -78.1% |
| Profit (loss) for the period to be appropriated | 9905 | €14,652 | €3,202 | -€11,450 | -78.1% |
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 29 September 2026 via checked.be.