POLYTROPHYS: 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.
POLYTROPHYS
Largest movements
- Tangible fixed assets -€330,099
down €330,099 (-4.8%), from €6.8m to €6.5m
of which Land and buildings: -€324,402
- Receivables within one year -€115,477
down €115,477 (-69.3%), from €166,635 to €51,158
of which Other amounts receivable: -€126,166
- Profit (loss) carried forward -€797,154
down €797,154 (-7.3%), from -€11.0m to -€11.8m
- Other debts +€337,937
up €337,937 (+10.6%), from €3.2m to €3.5m
- Trade debts +€118,827
up €118,827 (+24.6%), from €483,324 to €602,151
- Tax, wage and social debts -€113,406
down €113,406 (-97.4%), from €116,454 to €3,048
- Other operating charges -€160,402
down €160,402 (-47.4%), from €338,486 to €178,084
- Financial charges -€77,917
down €77,917 (-17.1%), from €455,158 to €377,241
- Gross operating margin +€55,361
up €55,361 (+168%), from €32,909 to €88,270
- Depreciation -€4,136
down €4,136 (-1.2%), from €334,235 to €330,099
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.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,991,185 | €6,551,999 | -€439,186 | -6.3% |
| Fixed assets | 21/28 | €6,824,550 | €6,494,451 | -€330,099 | -4.8% |
| Tangible fixed assets | 22/27 | €6,824,550 | €6,494,451 | -€330,099 | -4.8% |
| Land and buildings | 22 | €6,818,853 | €6,494,451 | -€324,402 | -4.8% |
| Plant, machinery and equipment | 23 | €5,696 | - | -€5,696 | |
| Current assets | 29/58 | €166,635 | €57,548 | -€109,087 | -65.5% |
| Amounts receivable within one year | 40/41 | €166,635 | €51,158 | -€115,477 | -69.3% |
| Trade receivables | 40 | €11,761 | €22,449 | +€10,688 | +90.9% |
| Other amounts receivable | 41 | €154,875 | €28,709 | -€126,166 | -81.5% |
| Deferred charges and accrued income | 490/1 | - | €6,390 | +€6,390 | |
| Total equity and liabilities | 10/49 | €6,991,185 | €6,551,999 | -€439,186 | -6.3% |
| Equity | 10/15 | -€2,984,539 | -€3,781,693 | -€797,154 | -26.7% |
| Contributions | 10/11 | €8,000,000 | €8,000,000 | = | 0.0% |
| Contributions outside capital | 11 | €8,000,000 | €8,000,000 | = | 0.0% |
| Other | 1109/19 | €8,000,000 | €8,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,984,539 | -€11,781,693 | -€797,154 | -7.3% |
| Amounts payable | 17/49 | €9,975,724 | €10,333,692 | +€357,968 | +3.6% |
| Amounts payable after more than one year | 17 | €35,575 | €35,575 | = | 0.0% |
| Other amounts payable | 178/9 | €35,575 | €35,575 | = | 0.0% |
| Amounts payable within one year | 42/48 | €9,940,149 | €10,298,117 | +€357,968 | +3.6% |
| Financial debts | 43 | €6,124,437 | €6,086,231 | -€38,206 | -0.6% |
| Credit institutions | 430/8 | €6,124,437 | €6,086,231 | -€38,206 | -0.6% |
| Trade debts | 44 | €483,324 | €602,151 | +€118,827 | +24.6% |
| Suppliers | 440/4 | €483,324 | €602,151 | +€118,827 | +24.6% |
| Advances received on contracts in progress | 46 | €14,308 | €67,124 | +€52,815 | +369% |
| Taxes, remuneration and social security | 45 | €116,454 | €3,048 | -€113,406 | -97.4% |
| Taxes | 450/3 | €116,454 | €3,048 | -€113,406 | -97.4% |
| Other amounts payable | 47/48 | €3,201,626 | €3,539,563 | +€337,937 | +10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €334,235 | €330,099 | -€4,136 | -1.2% |
| Other operating charges | 640/8 | €338,486 | €178,084 | -€160,402 | -47.4% |
| Gross operating margin | 9900 | €32,909 | €88,270 | +€55,361 | +168% |
| Operating profit (loss) | 9901 | -€639,812 | -€419,913 | +€219,899 | +34.4% |
| Financial income | 75/76B | €205 | - | -€205 | |
| Recurring financial income | 75 | €205 | - | -€205 | |
| Financial charges | 65/66B | €455,158 | €377,241 | -€77,917 | -17.1% |
| Recurring financial charges | 65 | €455,158 | €377,241 | -€77,917 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,094,766 | -€797,154 | +€297,612 | +27.2% |
| Profit (loss) for the period | 9904 | -€1,094,766 | -€797,154 | +€297,612 | +27.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,094,766 | -€797,154 | +€297,612 | +27.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.