POLYTOOLS: what changed
What changed
POLYTOOLS
NACE 46.851, Wholesale of industrial chemicals
filed annual accounts (NBB)
Net result for the year
-€1,877
2024 · -€15,425+€13,547
Equity
€735,533
2024 · €793,334-€57,800
Cash
€600,373
2024 · €642,599-€42,226
Balance sheet total
€893,461
2024 · €897,939-€4,479
Largest movements
Assets
- Cash -€42,226
down €42,226 (-6.6%), from €642,599 to €600,373
mainly Investment in fixed assets (net) (-€90,464) and Contributions, distributions and other (-€55,923)
- Tangible fixed assets +€40,710
up €40,710 (+23.0%), from €177,229 to €217,939
of which Furniture and vehicles: +€54,687
Equity and liabilities
- Reserves -€57,800
down €57,800 (-7.3%), from €787,136 to €729,336
of which Distributable reserves: -€57,800
- Debts after one year +€38,784
up €38,784 (+72.8%), from €53,299 to €92,083
- Current portion of long-term debt +€11,870
up €11,870 (+44.4%), from €26,708 to €38,578
Income statement
- Financial charges -€38,091
down €38,091 (-88.9%), from €42,860 to €4,770
- Gross operating margin -€24,881
down €24,881 (-38.4%), from €64,754 to €39,873
- Depreciation +€6,802
up €6,802 (+15.8%), from €42,952 to €49,754
- Other operating charges -€6,632
down €6,632 (-70.8%), from €9,367 to €2,735
- Staff costs -€1,479
no longer reported in 2025 (was €1,479)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€15,425
Gross operating margin
-€24,881
Staff costs
+€1,479
Depreciation
-€6,802
Other operating charges
+€6,632
Other operating items
-€432
Financial income
-€938
Financial charges
+€38,091
Taxes
+€399
Result 2025
-€1,877
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€53,507
Investment
-€90,464
Financing
-€5,268
Cash 2024
€642,599
From operations (derived)
+€53,507
Net result for the year
-€1,877
Depreciation
+€49,754
Stocks and contracts
+€3,955
Receivables within one year
+€194
Deferred charges and accrued income
-€1,187
Trade debts
+€5,079
Tax, wage and social debts
-€2,774
Other debts
+€363
Investment (derived)
-€90,464
Investment in fixed assets (net)
-€90,464
Financing
-€5,268
Debts after one year
+€38,784
Current portion of long-term debt
+€11,870
Contributions, distributions and other
-€55,923
Cash 2025
€600,373
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €897,939 | €893,461 | -€4,479 | -0.5% |
| Fixed assets | 21/28 | €182,379 | €223,089 | +€40,710 | +22.3% |
| Tangible fixed assets | 22/27 | €177,229 | €217,939 | +€40,710 | +23.0% |
| Plant, machinery and equipment | 23 | €7,612 | €5,148 | -€2,464 | -32.4% |
| Furniture and vehicles | 24 | €97,926 | €152,613 | +€54,687 | +55.8% |
| Other tangible fixed assets | 26 | €71,691 | €60,178 | -€11,513 | -16.1% |
| Financial fixed assets | 28 | €5,150 | €5,150 | = | 0.0% |
| Current assets | 29/58 | €715,560 | €670,372 | -€45,188 | -6.3% |
| Stocks and contracts in progress | 3 | €54,135 | €50,180 | -€3,955 | -7.3% |
| Stocks | 30/36 | €54,135 | €50,180 | -€3,955 | -7.3% |
| Amounts receivable within one year | 40/41 | €16,506 | €16,312 | -€194 | -1.2% |
| Trade receivables | 40 | €11,031 | €11,239 | +€208 | +1.9% |
| Other amounts receivable | 41 | €5,475 | €5,073 | -€402 | -7.3% |
| Cash at bank and in hand | 54/58 | €642,599 | €600,373 | -€42,226 | -6.6% |
| Deferred charges and accrued income | 490/1 | €2,320 | €3,507 | +€1,187 | +51.1% |
| Total equity and liabilities | 10/49 | €897,939 | €893,461 | -€4,479 | -0.5% |
| Equity | 10/15 | €793,334 | €735,533 | -€57,800 | -7.3% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €787,136 | €729,336 | -€57,800 | -7.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €787,136 | €729,336 | -€57,800 | -7.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €104,605 | €157,927 | +€53,322 | +51.0% |
| Amounts payable after more than one year | 17 | €53,299 | €92,083 | +€38,784 | +72.8% |
| Financial debts | 170/4 | €53,299 | €92,083 | +€38,784 | +72.8% |
| Amounts payable within one year | 42/48 | €51,307 | €65,844 | +€14,538 | +28.3% |
| Current portion of amounts payable after more than one year | 42 | €26,708 | €38,578 | +€11,870 | +44.4% |
| Trade debts | 44 | €1,268 | €6,347 | +€5,079 | +401% |
| Suppliers | 440/4 | €1,268 | €6,347 | +€5,079 | +401% |
| Taxes, remuneration and social security | 45 | €15,252 | €12,478 | -€2,774 | -18.2% |
| Taxes | 450/3 | €15,252 | €12,478 | -€2,774 | -18.2% |
| Other amounts payable | 47/48 | €8,079 | €8,442 | +€363 | +4.5% |
| Remuneration, social security and pensions | 62 | €1,479 | - | -€1,479 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,952 | €49,754 | +€6,802 | +15.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €9,367 | €2,735 | -€6,632 | -70.8% |
| Non-recurring operating charges | 66A | €0 | €432 | +€432 | |
| Gross operating margin | 9900 | €64,754 | €39,873 | -€24,881 | -38.4% |
| Operating profit (loss) | 9901 | €10,956 | -€13,049 | -€24,004 | |
| Financial income | 75/76B | €17,121 | €16,183 | -€938 | -5.5% |
| Recurring financial income | 75 | €17,121 | €16,183 | -€938 | -5.5% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €42,860 | €4,770 | -€38,091 | -88.9% |
| Recurring financial charges | 65 | €42,860 | €4,770 | -€38,091 | -88.9% |
| Profit (loss) for the period before taxes | 9903 | -€14,784 | -€1,635 | +€13,149 | +88.9% |
| Income taxes | 67/77 | €641 | €242 | -€399 | -62.2% |
| Profit (loss) for the period | 9904 | -€15,425 | -€1,877 | +€13,547 | +87.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,425 | -€1,877 | +€13,547 | +87.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.