POLYTRA: 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.
What changed
POLYTRA
NACE 52.250, Logistics services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€219,024
2024 · €17.2m-€17.0m
Equity
€12.0m
2024 · €11.7m+€219,025
Cash
€6.0m
2024 · €8.6m-€2.5m
Balance sheet total
€27.1m
2024 · €28.2m-€1.0m
Largest movements
Assets
- Cash -€2.5m
down €2.5m (-29.7%), from €8.6m to €6.0m
mainly Deferred charges and accrued income (-€992,140) and Trade debts (-€703,864)
- Deferred charges and accrued income +€992,140
up €992,140 (+498.3%), from €199,123 to €1.2m
- Receivables within one year +€457,270
up €457,270 (+3.9%), from €11.8m to €12.3m
of which Trade receivables: +€828,050
Equity and liabilities
- Trade debts -€703,864
down €703,864 (-7.1%), from €9.9m to €9.2m
- Debts after one year -€378,825
down €378,825 (-6.8%), from €5.6m to €5.2m
Income statement
- Financial income -€17.3m
down €17.3m (-94.8%), from €18.3m to €953,158
of which Non-recurring financial income: -€13.9m
- Goods and materials -€8.5m
down €8.5m (-12.9%), from €65.7m to €57.2m
- Turnover -€8.4m
down €8.4m (-11.5%), from €72.8m to €64.5m
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
€17.2m
Turnover
-€8.4m
Other operating income
+€175,344
Goods and materials
+€8.5m
Services and other goods
+€325,742
Staff costs
+€135,157
Depreciation
+€12,377
Write-downs
-€1,070
Other operating charges
+€277,642
Other operating items
+€17,406
Financial income
-€17.3m
Financial charges
-€464,080
Taxes
-€192,897
Result 2025
€219,024
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
-€1.9m
Investment
-€254,174
Financing
-€383,168
Cash 2024
€8.6m
From operations (derived)
-€1.9m
Net result for the year
+€219,024
Depreciation
+€82,809
Receivables after one year
+€120,000
Receivables within one year
-€457,270
Deferred charges and accrued income
-€992,140
Trade debts
-€703,864
Tax, wage and social debts
-€26,633
Other debts
+€3,438
Accrued charges and deferred income
-€144,084
Investment (derived)
-€254,174
Investment in fixed assets (net)
-€254,174
Financing
-€383,168
Debts after one year
-€378,825
Current portion of long-term debt
-€4,343
Contributions, distributions and other
+€0
Cash 2025
€6.0m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €28,159,575 | €27,124,289 | -€1.0m | -3.7% |
| Fixed assets | 21/28 | €7,441,748 | €7,613,112 | +€171,365 | +2.3% |
| Intangible fixed assets | 21 | - | €202,812 | +€202,812 | |
| Tangible fixed assets | 22/27 | €629,642 | €600,836 | -€28,806 | -4.6% |
| Land and buildings | 22 | €240,874 | €231,313 | -€9,562 | -4.0% |
| Plant, machinery and equipment | 23 | €126,495 | €111,495 | -€15,000 | -11.9% |
| Furniture and vehicles | 24 | €233,240 | €228,995 | -€4,244 | -1.8% |
| Other tangible fixed assets | 26 | €29,032 | €29,032 | = | 0.0% |
| Financial fixed assets | 28 | €6,812,106 | €6,809,465 | -€2,641 | 0.0% |
| Affiliated companies | 280/1 | €6,617,523 | €6,634,482 | +€16,959 | +0.3% |
| Participating interests | 280 | €785,643 | €1,055,125 | +€269,482 | +34.3% |
| Amounts receivable | 281 | €5,831,881 | €5,579,357 | -€252,523 | -4.3% |
| Companies linked by participating interests | 282/3 | €19,600 | - | -€19,600 | |
| Participating interests | 282 | €19,600 | - | -€19,600 | |
| Other financial fixed assets | 284/8 | €174,982 | €174,982 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €174,982 | €174,982 | = | 0.0% |
| Current assets | 29/58 | €20,717,827 | €19,511,177 | -€1.2m | -5.8% |
| Amounts receivable after more than one year | 29 | €120,000 | - | -€120,000 | |
| Other amounts receivable | 291 | €120,000 | - | -€120,000 | |
| Amounts receivable within one year | 40/41 | €11,848,241 | €12,305,510 | +€457,270 | +3.9% |
| Trade receivables | 40 | €10,621,436 | €11,449,486 | +€828,050 | +7.8% |
| Other amounts receivable | 41 | €1,226,805 | €856,024 | -€370,780 | -30.2% |
| Cash at bank and in hand | 54/58 | €8,550,464 | €6,014,404 | -€2.5m | -29.7% |
| Deferred charges and accrued income | 490/1 | €199,123 | €1,191,263 | +€992,140 | +498.3% |
| Total equity and liabilities | 10/49 | €28,159,575 | €27,124,289 | -€1.0m | -3.7% |
| Equity | 10/15 | €11,733,601 | €11,952,626 | +€219,025 | +1.9% |
| Contributions | 10/11 | €7,966,768 | €7,966,768 | +€0 | 0.0% |
| Capital | 10 | €7,966,768 | €7,966,768 | +€0 | 0.0% |
| Issued capital | 100 | €7,966,768 | €7,966,768 | +€0 | 0.0% |
| Revaluation surpluses | 12 | €32,844 | €32,844 | = | 0.0% |
| Reserves | 13 | €1,291,437 | €1,291,437 | = | 0.0% |
| Non-distributable reserves | 130/1 | €796,677 | €796,677 | = | 0.0% |
| Legal reserve | 130 | €796,677 | €796,677 | = | 0.0% |
| Tax-exempt reserves | 132 | €494,760 | €494,760 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,442,552 | €2,661,577 | +€219,024 | +9.0% |
| Amounts payable | 17/49 | €16,425,974 | €15,171,663 | -€1.3m | -7.6% |
| Amounts payable after more than one year | 17 | €5,578,825 | €5,200,000 | -€378,825 | -6.8% |
| Financial debts | 170/4 | €5,578,825 | €5,200,000 | -€378,825 | -6.8% |
| Credit institutions | 173 | €9,877 | - | -€9,877 | |
| Other loans | 174 | €5,568,948 | €5,200,000 | -€368,948 | -6.6% |
| Amounts payable within one year | 42/48 | €10,507,819 | €9,776,418 | -€731,402 | -7.0% |
| Current portion of amounts payable after more than one year | 42 | €14,221 | €9,877 | -€4,343 | -30.5% |
| Trade debts | 44 | €9,942,965 | €9,239,101 | -€703,864 | -7.1% |
| Suppliers | 440/4 | €9,942,965 | €9,239,101 | -€703,864 | -7.1% |
| Taxes, remuneration and social security | 45 | €550,634 | €524,001 | -€26,633 | -4.8% |
| Remuneration and social security | 454/9 | €550,634 | €524,001 | -€26,633 | -4.8% |
| Other amounts payable | 47/48 | - | €3,438 | +€3,438 | |
| Accrued charges and deferred income | 492/3 | €339,329 | €195,245 | -€144,084 | -42.5% |
| Operating income | 70/76A | €75,345,022 | €67,170,622 | -€8.2m | -10.8% |
| Turnover | 70 | €72,837,741 | €64,470,591 | -€8.4m | -11.5% |
| Other operating income | 74 | €2,507,050 | €2,682,395 | +€175,344 | +7.0% |
| Non-recurring operating income | 76A | €230 | €17,636 | +€17,406 | +7553.6% |
| Operating charges | 60/66A | €75,126,043 | €65,909,685 | -€9.2m | -12.3% |
| Goods for resale, raw materials and consumables | 60 | €65,673,398 | €57,206,888 | -€8.5m | -12.9% |
| Purchases | 600/8 | €65,673,398 | €57,206,888 | -€8.5m | -12.9% |
| Services and other goods | 61 | €4,841,700 | €4,515,957 | -€325,742 | -6.7% |
| Remuneration, social security and pensions | 62 | €4,168,543 | €4,033,386 | -€135,157 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,186 | €82,809 | -€12,377 | -13.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,070 | +€1,070 | |
| Other operating charges | 640/8 | €347,216 | €69,574 | -€277,642 | -80.0% |
| Operating profit (loss) | 9901 | €218,979 | €1,260,937 | +€1.0m | +475.8% |
| Financial income | 75/76B | €18,296,490 | €953,158 | -€17.3m | -94.8% |
| Recurring financial income | 75 | €4,356,009 | €953,158 | -€3.4m | -78.1% |
| Income from financial fixed assets | 750 | €2,586,421 | €324,264 | -€2.3m | -87.5% |
| Income from current assets | 751 | €125,500 | €11,930 | -€113,571 | -90.5% |
| Other financial income | 752/9 | €1,644,088 | €616,964 | -€1.0m | -62.5% |
| Non-recurring financial income | 76B | €13,940,480 | - | -€13.9m | |
| Financial charges | 65/66B | €1,388,898 | €1,852,978 | +€464,080 | +33.4% |
| Recurring financial charges | 65 | €1,387,339 | €1,852,978 | +€465,639 | +33.6% |
| Debt charges | 650 | €215,528 | €153,690 | -€61,837 | -28.7% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €95 | - | -€95 | |
| Other financial charges | 652/9 | €1,171,716 | €1,699,287 | +€527,571 | +45.0% |
| Non-recurring financial charges | 66B | €1,559 | - | -€1,559 | |
| Profit (loss) for the period before taxes | 9903 | €17,126,571 | €361,117 | -€16.8m | -97.9% |
| Income taxes | 67/77 | -€50,804 | €142,093 | +€192,897 | |
| Taxes | 670/3 | €259,219 | €153,579 | -€105,640 | -40.8% |
| Tax adjustments and reversals of tax provisions | 77 | €310,023 | €11,486 | -€298,537 | -96.3% |
| Profit (loss) for the period | 9904 | €17,177,375 | €219,024 | -€17.0m | -98.7% |
| Profit (loss) for the period to be appropriated | 9905 | €17,177,375 | €219,024 | -€17.0m | -98.7% |
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.