Polytreecare: 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.
Polytreecare
Largest movements
- Receivables within one year +€236,312
up €236,312 (+327.2%), from €72,225 to €308,536
of which Other amounts receivable: +€149,136
- Cash -€44,898
down €44,898 (-75.3%), from €59,662 to €14,764
mainly Receivables within one year (-€236,312) and Investment in fixed assets (net) (-€28,947)
- Tangible fixed assets -€8,999
down €8,999 (-12.3%), from €73,042 to €64,043
of which Furniture and vehicles: -€18,261
- Deferred charges and accrued income -€5,595
down €5,595 (-90.0%), from €6,219 to €624
- Profit (loss) carried forward +€132,825
new in 2025: €132,825
- Tax, wage and social debts +€57,227
up €57,227 (+238.3%), from €24,019 to €81,246
of which Taxes: +€52,827
- Short-term financial debts +€29,657
up €29,657 (+145.5%), from €20,376 to €50,034
- Debts after one year -€18,066
down €18,066 (-40.4%), from €44,712 to €26,647
- Current portion of long-term debt -€16,071
down €16,071 (-47.1%), from €34,137 to €18,066
- Gross operating margin +€236,889
up €236,889 (+172.4%), from €137,395 to €374,284
- Taxes +€53,484
up €53,484 (+2358.2%), from €2,268 to €55,752
- Staff costs +€31,450
up €31,450 (+35.3%), from €89,019 to €120,469
- Depreciation -€11,106
down €11,106 (-22.6%), from €49,052 to €37,946
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 | €211,148 | €387,968 | +€176,820 | +83.7% |
| Fixed assets | 21/28 | €73,042 | €64,043 | -€8,999 | -12.3% |
| Tangible fixed assets | 22/27 | €73,042 | €64,043 | -€8,999 | -12.3% |
| Plant, machinery and equipment | 23 | €3,042 | €12,304 | +€9,262 | +304.4% |
| Furniture and vehicles | 24 | €70,000 | €51,739 | -€18,261 | -26.1% |
| Current assets | 29/58 | €138,106 | €323,925 | +€185,819 | +134.5% |
| Amounts receivable within one year | 40/41 | €72,225 | €308,536 | +€236,312 | +327.2% |
| Trade receivables | 40 | €65,191 | €152,366 | +€87,175 | +133.7% |
| Other amounts receivable | 41 | €7,034 | €156,171 | +€149,136 | +2120.2% |
| Cash at bank and in hand | 54/58 | €59,662 | €14,764 | -€44,898 | -75.3% |
| Deferred charges and accrued income | 490/1 | €6,219 | €624 | -€5,595 | -90.0% |
| Total equity and liabilities | 10/49 | €211,148 | €387,968 | +€176,820 | +83.7% |
| Equity | 10/15 | €7,000 | €139,825 | +€132,825 | +1897.5% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €132,825 | +€132,825 | |
| Amounts payable | 17/49 | €204,148 | €248,143 | +€43,995 | +21.6% |
| Amounts payable after more than one year | 17 | €44,712 | €26,647 | -€18,066 | -40.4% |
| Financial debts | 170/4 | €44,712 | €26,647 | -€18,066 | -40.4% |
| Amounts payable within one year | 42/48 | €158,656 | €220,717 | +€62,061 | +39.1% |
| Current portion of amounts payable after more than one year | 42 | €34,137 | €18,066 | -€16,071 | -47.1% |
| Financial debts | 43 | €20,376 | €50,034 | +€29,657 | +145.5% |
| Credit institutions | 430/8 | €20,376 | €50,034 | +€29,657 | +145.5% |
| Trade debts | 44 | €80,124 | €71,371 | -€8,752 | -10.9% |
| Suppliers | 440/4 | €80,124 | €71,371 | -€8,752 | -10.9% |
| Taxes, remuneration and social security | 45 | €24,019 | €81,246 | +€57,227 | +238.3% |
| Taxes | 450/3 | €14,600 | €67,427 | +€52,827 | +361.8% |
| Remuneration and social security | 454/9 | €9,419 | €13,819 | +€4,400 | +46.7% |
| Accrued charges and deferred income | 492/3 | €780 | €780 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €89,019 | €120,469 | +€31,450 | +35.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,052 | €37,946 | -€11,106 | -22.6% |
| Other operating charges | 640/8 | €4,861 | €2,055 | -€2,806 | -57.7% |
| Gross operating margin | 9900 | €137,395 | €374,284 | +€236,889 | +172.4% |
| Operating profit (loss) | 9901 | -€5,537 | €213,813 | +€219,351 | |
| Financial income | 75/76B | €879 | €939 | +€60 | +6.8% |
| Recurring financial income | 75 | €879 | €939 | +€60 | +6.8% |
| Financial charges | 65/66B | €6,199 | €6,314 | +€115 | +1.9% |
| Recurring financial charges | 65 | €6,199 | €6,314 | +€115 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | -€10,858 | €208,438 | +€219,296 | |
| Income taxes | 67/77 | €2,268 | €55,752 | +€53,484 | +2358.2% |
| Profit (loss) for the period | 9904 | -€13,126 | €152,685 | +€165,811 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,126 | €152,685 | +€165,811 |
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.