Polytek: 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.
Polytek
Largest movements
- Cash +€354,181
up €354,181 (+369.9%), from €95,739 to €449,921
mainly Depreciation (+€277,445) and Receivables within one year (+€257,080)
- Receivables within one year -€257,080
down €257,080 (-24.0%), from €1.1m to €815,445
of which Other amounts receivable: -€324,974
- Financial fixed assets +€71,553
up €71,553 (+146.8%), from €48,744 to €120,297
- Deferred charges and accrued income -€31,212
down €31,212 (-14.9%), from €209,508 to €178,296
- Tax, wage and social debts +€243,761
up €243,761 (+36.1%), from €675,382 to €919,143
of which Remuneration and social security: +€188,715
- Short-term financial debts -€179,739
down €179,739 (-60.8%), from €295,758 to €116,019
- Debts after one year -€81,592
down €81,592 (-15.0%), from €543,009 to €461,417
- Trade debts +€81,368
up €81,368 (+22.2%), from €367,309 to €448,678
- Other debts +€39,008
new in 2025: €39,008
- Staff costs +€304,091
up €304,091 (+10.3%), from €2.9m to €3.2m
- Gross operating margin +€284,836
up €284,836 (+8.4%), from €3.4m to €3.7m
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 | €2,573,007 | €2,696,737 | +€123,730 | +4.8% |
| Fixed assets | 21/28 | €1,195,235 | €1,253,075 | +€57,841 | +4.8% |
| Intangible fixed assets | 21 | €35,765 | €9,343 | -€26,422 | -73.9% |
| Tangible fixed assets | 22/27 | €1,110,726 | €1,123,436 | +€12,710 | +1.1% |
| Plant, machinery and equipment | 23 | €1,800 | €1,000 | -€800 | -44.4% |
| Furniture and vehicles | 24 | €105,134 | €85,702 | -€19,432 | -18.5% |
| Leasing and similar rights | 25 | €804,226 | €814,252 | +€10,026 | +1.2% |
| Other tangible fixed assets | 26 | €199,566 | €222,482 | +€22,916 | +11.5% |
| Financial fixed assets | 28 | €48,744 | €120,297 | +€71,553 | +146.8% |
| Current assets | 29/58 | €1,377,773 | €1,443,662 | +€65,889 | +4.8% |
| Amounts receivable within one year | 40/41 | €1,072,525 | €815,445 | -€257,080 | -24.0% |
| Trade receivables | 40 | €671,339 | €739,233 | +€67,894 | +10.1% |
| Other amounts receivable | 41 | €401,186 | €76,212 | -€324,974 | -81.0% |
| Cash at bank and in hand | 54/58 | €95,739 | €449,921 | +€354,181 | +369.9% |
| Deferred charges and accrued income | 490/1 | €209,508 | €178,296 | -€31,212 | -14.9% |
| Total equity and liabilities | 10/49 | €2,573,007 | €2,696,737 | +€123,730 | +4.8% |
| Equity | 10/15 | €384,923 | €390,091 | +€5,169 | +1.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €366,323 | €371,491 | +€5,169 | +1.4% |
| Non-distributable reserves | 130/1 | - | €0 | = | |
| Reserves not available under the articles | 1311 | - | €0 | = | |
| Distributable reserves | 133 | €366,323 | €371,491 | +€5,169 | +1.4% |
| Amounts payable | 17/49 | €2,188,085 | €2,306,646 | +€118,561 | +5.4% |
| Amounts payable after more than one year | 17 | €543,009 | €461,417 | -€81,592 | -15.0% |
| Financial debts | 170/4 | €543,009 | €461,417 | -€81,592 | -15.0% |
| Amounts payable within one year | 42/48 | €1,645,076 | €1,845,229 | +€200,153 | +12.2% |
| Current portion of amounts payable after more than one year | 42 | €306,627 | €322,381 | +€15,755 | +5.1% |
| Financial debts | 43 | €295,758 | €116,019 | -€179,739 | -60.8% |
| Credit institutions | 430/8 | €295,758 | €116,019 | -€179,739 | -60.8% |
| Trade debts | 44 | €367,309 | €448,678 | +€81,368 | +22.2% |
| Suppliers | 440/4 | €367,309 | €448,678 | +€81,368 | +22.2% |
| Taxes, remuneration and social security | 45 | €675,382 | €919,143 | +€243,761 | +36.1% |
| Taxes | 450/3 | €182,456 | €237,502 | +€55,046 | +30.2% |
| Remuneration and social security | 454/9 | €492,926 | €681,641 | +€188,715 | +38.3% |
| Other amounts payable | 47/48 | - | €39,008 | +€39,008 | |
| Remuneration, social security and pensions | 62 | €2,943,430 | €3,247,521 | +€304,091 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €300,638 | €277,445 | -€23,193 | -7.7% |
| Other operating charges | 640/8 | €32,470 | €36,748 | +€4,278 | +13.2% |
| Gross operating margin | 9900 | €3,411,108 | €3,695,944 | +€284,836 | +8.4% |
| Operating profit (loss) | 9901 | €134,570 | €134,230 | -€340 | -0.3% |
| Financial income | 75/76B | €15,895 | €7,145 | -€8,750 | -55.0% |
| Recurring financial income | 75 | €15,895 | €7,145 | -€8,750 | -55.0% |
| Financial charges | 65/66B | €81,068 | €86,286 | +€5,218 | +6.4% |
| Recurring financial charges | 65 | €81,068 | €86,286 | +€5,218 | +6.4% |
| Profit (loss) for the period before taxes | 9903 | €69,397 | €55,090 | -€14,308 | -20.6% |
| Income taxes | 67/77 | €31,052 | €49,921 | +€18,869 | +60.8% |
| Profit (loss) for the period | 9904 | €38,345 | €5,169 | -€33,176 | -86.5% |
| Profit (loss) for the period to be appropriated | 9905 | €38,345 | €5,169 | -€33,176 | -86.5% |
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 1 October 2026 via checked.be.