B4Plastics: 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.
B4Plastics
Largest movements
- Receivables within one year -€2.2m
down €2.2m (-78.0%), from €2.9m to €628,888
of which Trade receivables: -€2.0m
- Tangible fixed assets -€505,773
down €505,773 (-20.9%), from €2.4m to €1.9m
of which Plant, machinery and equipment: -€354,668
- Current investments -€500,000
no longer reported in 2025 (was €500,000)
- Intangible fixed assets +€298,197
up €298,197 (+36.6%), from €813,839 to €1.1m
- Cash +€182,870
up €182,870 (+28.8%), from €635,781 to €818,651
mainly Receivables within one year (+€2.2m) and Depreciation (+€863,659)
- Profit (loss) carried forward -€1.9m
down €1.9m (-206%), from -€942,553 to -€2.9m
- Tax, wage and social debts -€294,954
down €294,954 (-49.9%), from €591,086 to €296,132
of which Taxes: -€302,055
- Debts after one year -€263,706
down €263,706 (-35.9%), from €733,585 to €469,879
- Current portion of long-term debt -€220,825
down €220,825 (-44.6%), from €495,032 to €274,207
- Accrued charges and deferred income -€132,597
down €132,597 (-19.5%), from €680,544 to €547,947
- Gross operating margin -€492,671
down €492,671 (-42.7%), from €1.2m to €661,723
- Staff costs +€91,432
up €91,432 (+5.8%), from €1.6m to €1.7m
- Financial income -€83,145
down €83,145 (-90.7%), from €91,698 to €8,553
of which Financial income: -€84,415
- Depreciation +€77,039
up €77,039 (+9.8%), from €786,620 to €863,659
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
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 | €7,968,951 | €5,098,177 | -€2.9m | -36.0% |
| Fixed assets | 21/28 | €3,247,894 | €3,040,025 | -€207,870 | -6.4% |
| Intangible fixed assets | 21 | €813,839 | €1,112,037 | +€298,197 | +36.6% |
| Tangible fixed assets | 22/27 | €2,414,807 | €1,909,034 | -€505,773 | -20.9% |
| Land and buildings | 22 | €27,445 | €24,480 | -€2,965 | -10.8% |
| Plant, machinery and equipment | 23 | €1,402,835 | €1,048,166 | -€354,668 | -25.3% |
| Furniture and vehicles | 24 | €40,311 | €20,423 | -€19,888 | -49.3% |
| Leasing and similar rights | 25 | €251,660 | €207,236 | -€44,423 | -17.7% |
| Other tangible fixed assets | 26 | €405,574 | €321,746 | -€83,829 | -20.7% |
| Assets under construction and advance payments | 27 | €286,983 | €286,983 | = | 0.0% |
| Financial fixed assets | 28 | €19,248 | €18,954 | -€294 | -1.5% |
| Current assets | 29/58 | €4,721,056 | €2,058,153 | -€2.7m | -56.4% |
| Stocks and contracts in progress | 3 | €712,979 | €600,765 | -€112,213 | -15.7% |
| Stocks | 30/36 | €712,979 | €600,765 | -€112,213 | -15.7% |
| Amounts receivable within one year | 40/41 | €2,854,918 | €628,888 | -€2.2m | -78.0% |
| Trade receivables | 40 | €2,607,294 | €602,326 | -€2.0m | -76.9% |
| Other amounts receivable | 41 | €247,624 | €26,562 | -€221,061 | -89.3% |
| Current investments | 50/53 | €500,000 | - | -€500,000 | |
| Cash at bank and in hand | 54/58 | €635,781 | €818,651 | +€182,870 | +28.8% |
| Deferred charges and accrued income | 490/1 | €17,379 | €9,848 | -€7,531 | -43.3% |
| Total equity and liabilities | 10/49 | €7,968,951 | €5,098,177 | -€2.9m | -36.0% |
| Equity | 10/15 | €5,038,499 | €3,099,435 | -€1.9m | -38.5% |
| Contributions | 10/11 | €5,979,192 | €5,979,192 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€942,553 | -€2,881,617 | -€1.9m | -206% |
| Amounts payable | 17/49 | €2,930,452 | €1,998,743 | -€931,709 | -31.8% |
| Amounts payable after more than one year | 17 | €733,585 | €469,879 | -€263,706 | -35.9% |
| Financial debts | 170/4 | €733,585 | €469,879 | -€263,706 | -35.9% |
| Amounts payable within one year | 42/48 | €1,516,323 | €980,916 | -€535,406 | -35.3% |
| Current portion of amounts payable after more than one year | 42 | €495,032 | €274,207 | -€220,825 | -44.6% |
| Trade debts | 44 | €323,717 | €294,214 | -€29,503 | -9.1% |
| Suppliers | 440/4 | €323,717 | €294,214 | -€29,503 | -9.1% |
| Advances received on contracts in progress | 46 | €105,170 | €105,000 | -€170 | -0.2% |
| Taxes, remuneration and social security | 45 | €591,086 | €296,132 | -€294,954 | -49.9% |
| Taxes | 450/3 | €351,141 | €49,086 | -€302,055 | -86.0% |
| Remuneration and social security | 454/9 | €239,945 | €247,046 | +€7,101 | +3.0% |
| Other amounts payable | 47/48 | €1,318 | €11,363 | +€10,045 | +762% |
| Accrued charges and deferred income | 492/3 | €680,544 | €547,947 | -€132,597 | -19.5% |
| Remuneration, social security and pensions | 62 | €1,564,017 | €1,655,448 | +€91,432 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €786,620 | €863,659 | +€77,039 | +9.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,545 | - | -€3,545 | |
| Other operating charges | 640/8 | €4,377 | €2,524 | -€1,853 | -42.3% |
| Non-recurring operating charges | 66A | - | €15,260 | +€15,260 | |
| Gross operating margin | 9900 | €1,154,394 | €661,723 | -€492,671 | -42.7% |
| Operating profit (loss) | 9901 | -€1,204,164 | -€1,875,168 | -€671,004 | -55.7% |
| Financial income | 75/76B | €91,698 | €8,553 | -€83,145 | -90.7% |
| Recurring financial income | 75 | €91,005 | €6,591 | -€84,415 | -92.8% |
| Non-recurring financial income | 76B | €692 | €1,962 | +€1,270 | +183% |
| Financial charges | 65/66B | €62,606 | €72,840 | +€10,234 | +16.3% |
| Recurring financial charges | 65 | €62,606 | €72,840 | +€10,234 | +16.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,175,072 | -€1,939,455 | -€764,383 | -65.0% |
| Income taxes | 67/77 | €1,116 | -€391 | -€1,507 | |
| Profit (loss) for the period | 9904 | -€1,176,189 | -€1,939,064 | -€762,876 | -64.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,176,189 | -€1,939,064 | -€762,876 | -64.9% |
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 13 October 2026 via checked.be.