PolyVision: 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
PolyVision
NACE 25.530, Machining of metals
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€784,859
2024 · -€519,868+€1.3m
Equity
€7.7m
2024 · -€238,512+€7.9m
Cash
€1.0m
2024 · €1.1m-€80,174
Balance sheet total
€14.8m
2024 · €17.5m-€2.7m
Largest movements
Assets
- Receivables after one year -€4.1m
down €4.1m (-97.2%), from €4.2m to €120,024
of which Other amounts receivable: -€4.1m
- Receivables within one year +€2.4m
up €2.4m (+75.8%), from €3.2m to €5.6m
of which Trade receivables: +€2.3m
- Stocks and contracts -€1.1m
down €1.1m (-18.0%), from €6.0m to €4.9m
Equity and liabilities
- Debts after one year -€11.5m
down €11.5m (-100.0%), from €11.5m to €0
of which Other amounts payable: -€11.5m
- Contributions +€7.1m
up €7.1m (+11496.9%), from €62,000 to €7.2m
- Trade debts +€1.0m
up €1.0m (+42.0%), from €2.4m to €3.4m
- Profit (loss) carried forward +€763,182
up €763,182, from -€351,332 to €411,850
- Accrued charges and deferred income -€616,028
down €616,028 (-90.6%), from €680,177 to €64,150
Income statement
- Financial charges -€2.2m
down €2.2m (-66.3%), from €3.3m to €1.1m
- Taxes +€544,642
up €544,642 (+176.0%), from €309,376 to €854,018
of which Taxes: +€390,138
- Financial income +€371,286
up €371,286 (+32.9%), from €1.1m to €1.5m
of which Financial income: +€371,286
- Goods and materials -€366,127
down €366,127 (-2.8%), from €13.0m to €12.6m
of which Purchases: -€836,732
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
-€519,868
Turnover
-€69,143
Other operating income
-€112,774
Goods and materials
+€366,127
Services and other goods
-€60,427
Staff costs
+€37,864
Depreciation
+€7,846
Write-downs
-€34,252
Provisions
+€119,299
Other operating charges
-€3,851
Other operating items
-€991,973
Financial income
+€371,286
Financial charges
+€2.2m
Taxes
-€544,642
Result 2025
€784,859
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
+€4.9m
Investment
-€660,130
Financing
-€4.3m
Cash 2024
€1.1m
From operations (derived)
+€4.9m
Net result for the year
+€784,859
Depreciation
+€560,064
Receivables after one year
+€4.1m
Stocks and contracts
+€1.1m
Receivables within one year
-€2.4m
Smaller working-capital items
+€17,703
Trade debts
+€1.0m
Tax, wage and social debts
+€412,625
Accrued charges and deferred income
-€616,028
Investment (derived)
-€660,130
Investment in fixed assets (net)
-€660,130
Financing
-€4.3m
Debts after one year
-€11.5m
Contributions, distributions and other
+€7.1m
Cash 2025
€1.0m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,498,592 | €14,780,668 | -€2.7m | -15.5% |
| Formation expenses | 20 | €20,754 | €0 | -€20,754 | -100.0% |
| Fixed assets | 21/28 | €2,819,826 | €2,940,646 | +€120,820 | +4.3% |
| Intangible fixed assets | 21 | €86,772 | €52,885 | -€33,887 | -39.1% |
| Tangible fixed assets | 22/27 | €2,721,554 | €2,876,261 | +€154,707 | +5.7% |
| Land and buildings | 22 | €1,087,268 | €948,471 | -€138,797 | -12.8% |
| Plant, machinery and equipment | 23 | €1,469,450 | €1,891,227 | +€421,778 | +28.7% |
| Furniture and vehicles | 24 | €3,329 | €2,288 | -€1,041 | -31.3% |
| Assets under construction and advance payments | 27 | €161,508 | €34,276 | -€127,232 | -78.8% |
| Financial fixed assets | 28 | €11,500 | €11,500 | = | 0.0% |
| Affiliated companies | 280/1 | €11,500 | €11,500 | = | 0.0% |
| Participating interests | 280 | €11,500 | €11,500 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €0 | €0 | = | |
| Participating interests | 282 | €0 | €0 | = | |
| Current assets | 29/58 | €14,658,012 | €11,840,023 | -€2.8m | -19.2% |
| Amounts receivable after more than one year | 29 | €4,227,864 | €120,024 | -€4.1m | -97.2% |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €4,227,864 | €120,024 | -€4.1m | -97.2% |
| Stocks and contracts in progress | 3 | €5,973,410 | €4,899,710 | -€1.1m | -18.0% |
| Stocks | 30/36 | €5,973,410 | €4,899,710 | -€1.1m | -18.0% |
| Raw materials and consumables | 30/31 | €1,909,103 | €1,735,891 | -€173,213 | -9.1% |
| Work in progress | 32 | €250,075 | €247,436 | -€2,639 | -1.1% |
| Finished goods | 33 | €3,814,231 | €2,916,383 | -€897,848 | -23.5% |
| Goods purchased for resale | 34 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €3,212,030 | €5,647,416 | +€2.4m | +75.8% |
| Trade receivables | 40 | €2,934,072 | €5,283,629 | +€2.3m | +80.1% |
| Other amounts receivable | 41 | €277,958 | €363,787 | +€85,829 | +30.9% |
| Cash at bank and in hand | 54/58 | €1,128,337 | €1,048,163 | -€80,174 | -7.1% |
| Deferred charges and accrued income | 490/1 | €116,371 | €124,710 | +€8,339 | +7.2% |
| Total equity and liabilities | 10/49 | €17,498,592 | €14,780,668 | -€2.7m | -15.5% |
| Equity | 10/15 | -€238,512 | €7,674,396 | +€7.9m | |
| Contributions | 10/11 | €62,000 | €7,190,049 | +€7.1m | +11496.9% |
| Capital | 10 | €62,000 | €7,190,049 | +€7.1m | +11496.9% |
| Issued capital | 100 | €62,000 | €7,190,049 | +€7.1m | +11496.9% |
| Revaluation surpluses | 12 | €0 | - | = | |
| Reserves | 13 | €50,821 | €72,497 | +€21,676 | +42.7% |
| Non-distributable reserves | 130/1 | €6,200 | €27,876 | +€21,676 | +349.6% |
| Legal reserve | 130 | €6,200 | €27,876 | +€21,676 | +349.6% |
| Tax-exempt reserves | 132 | €44,621 | €44,621 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€351,332 | €411,850 | +€763,182 | |
| Provisions and deferred taxes | 16 | €68,830 | €94,872 | +€26,042 | +37.8% |
| Provisions for liabilities and charges | 160/5 | €68,830 | €94,872 | +€26,042 | +37.8% |
| Pensions and similar obligations | 160 | €62,874 | €84,348 | +€21,474 | +34.2% |
| Other liabilities and charges | 164/5 | €5,956 | €10,525 | +€4,568 | +76.7% |
| Amounts payable | 17/49 | €17,668,274 | €7,011,400 | -€10.7m | -60.3% |
| Amounts payable after more than one year | 17 | €11,457,694 | €0 | -€11.5m | -100.0% |
| Financial debts | 170/4 | - | €0 | = | |
| Credit institutions | 173 | - | €0 | = | |
| Other amounts payable | 178/9 | €11,457,694 | €0 | -€11.5m | -100.0% |
| Amounts payable within one year | 42/48 | €5,530,402 | €6,947,251 | +€1.4m | +25.6% |
| Trade debts | 44 | €2,388,993 | €3,393,217 | +€1.0m | +42.0% |
| Suppliers | 440/4 | €2,388,993 | €3,393,217 | +€1.0m | +42.0% |
| Advances received on contracts in progress | 46 | €0 | €0 | = | |
| Taxes, remuneration and social security | 45 | €3,141,409 | €3,554,034 | +€412,625 | +13.1% |
| Taxes | 450/3 | €1,117,967 | €1,417,024 | +€299,056 | +26.7% |
| Remuneration and social security | 454/9 | €2,023,441 | €2,137,010 | +€113,569 | +5.6% |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Accrued charges and deferred income | 492/3 | €680,177 | €64,150 | -€616,028 | -90.6% |
| Operating income | 70/76A | €31,429,384 | €30,255,494 | -€1.2m | -3.7% |
| Turnover | 70 | €30,529,656 | €30,460,513 | -€69,143 | -0.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €54,118 | -€900,488 | -€954,605 | |
| Other operating income | 74 | €808,243 | €695,469 | -€112,774 | -14.0% |
| Non-recurring operating income | 76A | €37,367 | - | -€37,367 | |
| Operating charges | 60/66A | €29,418,612 | €28,986,008 | -€432,605 | -1.5% |
| Goods for resale, raw materials and consumables | 60 | €12,965,289 | €12,599,162 | -€366,127 | -2.8% |
| Purchases | 600/8 | €13,262,681 | €12,425,949 | -€836,732 | -6.3% |
| Change in stocks: decrease (increase) | 609 | -€297,392 | €173,213 | +€470,605 | |
| Services and other goods | 61 | €6,913,123 | €6,973,550 | +€60,427 | +0.9% |
| Remuneration, social security and pensions | 62 | €8,784,244 | €8,746,380 | -€37,864 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €567,910 | €560,064 | -€7,846 | -1.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €464 | €34,716 | +€34,252 | +7388.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €85,882 | -€33,416 | -€119,299 | |
| Other operating charges | 640/8 | €101,701 | €105,552 | +€3,851 | +3.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | €2,010,772 | €1,269,487 | -€741,285 | -36.9% |
| Financial income | 75/76B | €1,127,468 | €1,498,754 | +€371,286 | +32.9% |
| Recurring financial income | 75 | €1,127,468 | €1,498,754 | +€371,286 | +32.9% |
| Income from current assets | 751 | €0 | - | = | |
| Other financial income | 752/9 | €1,127,468 | €1,498,754 | +€371,286 | +32.9% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €3,348,733 | €1,129,364 | -€2.2m | -66.3% |
| Recurring financial charges | 65 | €3,348,733 | €1,129,364 | -€2.2m | -66.3% |
| Debt charges | 650 | €1,615,174 | €800,490 | -€814,684 | -50.4% |
| Other financial charges | 652/9 | €1,733,559 | €328,874 | -€1.4m | -81.0% |
| Profit (loss) for the period before taxes | 9903 | -€210,492 | €1,638,876 | +€1.8m | |
| Income taxes | 67/77 | €309,376 | €854,018 | +€544,642 | +176.0% |
| Taxes | 670/3 | €463,879 | €854,018 | +€390,138 | +84.1% |
| Tax adjustments and reversals of tax provisions | 77 | €154,503 | €0 | -€154,503 | -100.0% |
| Profit (loss) for the period | 9904 | -€519,868 | €784,859 | +€1.3m | |
| Profit (loss) for the period to be appropriated | 9905 | -€519,868 | €784,859 | +€1.3m |
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.