POLYTRONICS: what changed
Two financial 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.
POLYTRONICS
Largest movements
- Tangible fixed assets -€13,067
down €13,067 (-4.1%), from €315,515 to €302,447
of which Land and buildings: -€12,053
- Receivables within one year +€8,111
up €8,111 (+13.0%), from €62,477 to €70,588
of which Trade receivables: +€9,868
- Other debts +€10,572
up €10,572 (+3.6%), from €295,108 to €305,680
- Trade debts -€9,107
down €9,107 (-29.8%), from €30,594 to €21,487
- Profit (loss) carried forward -€7,777
down €7,777 (-18.1%), from -€42,920 to -€50,696
- Gross operating margin -€11,254
down €11,254 (-49.6%), from €22,691 to €11,438
- Other operating charges -€908
down €908 (-14.1%), from €6,445 to €5,537
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €452,841 | €446,415 | -€6,426 | -1.4% |
| Fixed assets | 21/28 | €315,515 | €302,447 | -€13,067 | -4.1% |
| Tangible fixed assets | 22/27 | €315,515 | €302,447 | -€13,067 | -4.1% |
| Land and buildings | 22 | €308,529 | €296,476 | -€12,053 | -3.9% |
| Plant, machinery and equipment | 23 | €5,260 | €4,935 | -€325 | -6.2% |
| Furniture and vehicles | 24 | €1,726 | €1,036 | -€689 | -39.9% |
| Current assets | 29/58 | €137,326 | €143,968 | +€6,642 | +4.8% |
| Stocks and contracts in progress | 3 | €66,149 | €64,649 | -€1,500 | -2.3% |
| Stocks | 30/36 | €66,149 | €64,649 | -€1,500 | -2.3% |
| Amounts receivable within one year | 40/41 | €62,477 | €70,588 | +€8,111 | +13.0% |
| Trade receivables | 40 | €41,684 | €51,552 | +€9,868 | +23.7% |
| Other amounts receivable | 41 | €20,794 | €19,036 | -€1,757 | -8.5% |
| Cash at bank and in hand | 54/58 | €6,266 | €6,455 | +€189 | +3.0% |
| Deferred charges and accrued income | 490/1 | €2,434 | €2,277 | -€158 | -6.5% |
| Total equity and liabilities | 10/49 | €452,841 | €446,415 | -€6,426 | -1.4% |
| Equity | 10/15 | €75,140 | €67,363 | -€7,777 | -10.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Revaluation surpluses | 12 | €110,000 | €110,000 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,920 | -€50,696 | -€7,777 | -18.1% |
| Amounts payable | 17/49 | €377,701 | €379,052 | +€1,351 | +0.4% |
| Amounts payable after more than one year | 17 | €47,592 | €47,592 | = | 0.0% |
| Other amounts payable | 178/9 | €47,592 | €47,592 | = | 0.0% |
| Amounts payable within one year | 42/48 | €330,109 | €329,790 | -€319 | -0.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €30,594 | €21,487 | -€9,107 | -29.8% |
| Suppliers | 440/4 | €30,594 | €21,487 | -€9,107 | -29.8% |
| Taxes, remuneration and social security | 45 | €4,407 | €2,624 | -€1,784 | -40.5% |
| Taxes | 450/3 | €4,407 | €2,624 | -€1,784 | -40.5% |
| Other amounts payable | 47/48 | €295,108 | €305,680 | +€10,572 | +3.6% |
| Accrued charges and deferred income | 492/3 | - | €1,670 | +€1,670 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,714 | €13,576 | -€138 | -1.0% |
| Other operating charges | 640/8 | €6,445 | €5,537 | -€908 | -14.1% |
| Gross operating margin | 9900 | €22,691 | €11,438 | -€11,254 | -49.6% |
| Operating profit (loss) | 9901 | €2,532 | -€7,675 | -€10,207 | |
| Financial income | 75/76B | €246 | €35 | -€211 | -85.9% |
| Recurring financial income | 75 | €246 | €35 | -€211 | -85.9% |
| Financial charges | 65/66B | €120 | €136 | +€16 | +13.7% |
| Recurring financial charges | 65 | €120 | €136 | +€16 | +13.7% |
| Profit (loss) for the period before taxes | 9903 | €2,659 | -€7,777 | -€10,435 | |
| Profit (loss) for the period | 9904 | €2,659 | -€7,777 | -€10,435 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,659 | -€7,777 | -€10,435 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.