PolyvaleSK: 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.
PolyvaleSK
Largest movements
- Cash -€4,562
down €4,562 (-30.4%), from €14,984 to €10,422
mainly Tax, wage and social debts (-€2,520) and Net result for the year (-€2,373)
- Receivables within one year -€4,409
down €4,409 (-68.0%), from €6,483 to €2,074
of which Trade receivables: -€3,903
- Tangible fixed assets +€715
new in 2025: €715
- Deferred charges and accrued income +€255
new in 2025: €255
- Tax, wage and social debts -€2,520
down €2,520 (-28.8%), from €8,755 to €6,236
of which Remuneration and social security: -€1,628
- Reserves -€2,373
down €2,373 (-45.8%), from €5,179 to €2,806
- Trade debts -€2,250
down €2,250 (-61.2%), from €3,674 to €1,425
- Other debts -€859
no longer reported in 2025 (was €859)
- Gross operating margin -€10,826
down €10,826, from €10,208 to -€618
- Taxes -€2,301
down €2,301 (-71.0%), from €3,243 to €941
- Other operating charges -€370
down €370 (-41.6%), from €890 to €520
- Depreciation +€335
new in 2025: €335
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 | €21,468 | €13,466 | -€8,001 | -37.3% |
| Fixed assets | 21/28 | - | €715 | +€715 | |
| Tangible fixed assets | 22/27 | - | €715 | +€715 | |
| Plant, machinery and equipment | 23 | - | €715 | +€715 | |
| Current assets | 29/58 | €21,468 | €12,751 | -€8,716 | -40.6% |
| Amounts receivable within one year | 40/41 | €6,483 | €2,074 | -€4,409 | -68.0% |
| Trade receivables | 40 | €4,048 | €145 | -€3,903 | -96.4% |
| Other amounts receivable | 41 | €2,435 | €1,929 | -€506 | -20.8% |
| Cash at bank and in hand | 54/58 | €14,984 | €10,422 | -€4,562 | -30.4% |
| Deferred charges and accrued income | 490/1 | - | €255 | +€255 | |
| Total equity and liabilities | 10/49 | €21,468 | €13,466 | -€8,001 | -37.3% |
| Equity | 10/15 | €8,179 | €5,806 | -€2,373 | -29.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €5,179 | €2,806 | -€2,373 | -45.8% |
| Distributable reserves | 133 | €5,179 | €2,806 | -€2,373 | -45.8% |
| Amounts payable | 17/49 | €13,289 | €7,660 | -€5,629 | -42.4% |
| Amounts payable within one year | 42/48 | €13,289 | €7,660 | -€5,629 | -42.4% |
| Trade debts | 44 | €3,674 | €1,425 | -€2,250 | -61.2% |
| Suppliers | 440/4 | €3,674 | €1,425 | -€2,250 | -61.2% |
| Taxes, remuneration and social security | 45 | €8,755 | €6,236 | -€2,520 | -28.8% |
| Taxes | 450/3 | €7,127 | €6,236 | -€892 | -12.5% |
| Remuneration and social security | 454/9 | €1,628 | - | -€1,628 | |
| Other amounts payable | 47/48 | €859 | - | -€859 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €335 | +€335 | |
| Other operating charges | 640/8 | €890 | €520 | -€370 | -41.6% |
| Gross operating margin | 9900 | €10,208 | -€618 | -€10,826 | |
| Operating profit (loss) | 9901 | €9,318 | -€1,472 | -€10,790 | |
| Financial income | 75/76B | €68 | €113 | +€45 | +66.3% |
| Recurring financial income | 75 | €68 | €113 | +€45 | +66.3% |
| Financial charges | 65/66B | €106 | €72 | -€33 | -31.6% |
| Recurring financial charges | 65 | €106 | €72 | -€33 | -31.6% |
| Profit (loss) for the period before taxes | 9903 | €9,280 | -€1,431 | -€10,712 | |
| Income taxes | 67/77 | €3,243 | €941 | -€2,301 | -71.0% |
| Profit (loss) for the period | 9904 | €6,038 | -€2,373 | -€8,410 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,038 | -€2,373 | -€8,410 |
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 7 October 2026 via checked.be.