Belga Plastics: 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.
What changed
Belga Plastics
NACE 46.831, Wholesale of construction materials, general range
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€367,362
2024 · €244,635+€122,727
Equity
€1.1m
2024 · €1.2m-€132,638
Cash
€586,110
2024 · €231,258+€354,852
Balance sheet total
€2.0m
2024 · €2.0m-€56,282
Largest movements
Assets
- Current investments -€550,000
down €550,000 (-100%), from €550,000 to €0
- Cash +€354,852
up €354,852 (+153%), from €231,258 to €586,110
mainly Current investments (+€550,000) and Net result for the year (+€367,362)
- Stocks and contracts +€79,717
up €79,717 (+8.7%), from €918,406 to €998,123
- Receivables within one year +€28,422
up €28,422 (+16.6%), from €171,352 to €199,773
of which Trade receivables: +€43,733
- Tangible fixed assets +€24,594
up €24,594 (+20.9%), from €117,885 to €142,478
of which Leasing and similar rights: +€58,458
Equity and liabilities
- Reserves -€132,638
down €132,638 (-13.4%), from €993,077 to €860,440
of which Distributable reserves: -€132,638
- Debts after one year +€28,510
up €28,510 (+38.6%), from €73,834 to €102,344
- Trade debts +€26,156
up €26,156 (+15.2%), from €172,162 to €198,318
Income statement
- Gross operating margin +€181,657
up €181,657 (+24.9%), from €730,115 to €911,773
- Taxes +€41,369
up €41,369 (+43.2%), from €95,737 to €137,106
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
€244,635
Gross operating margin
+€181,657
Staff costs
-€4,662
Depreciation
+€1,436
Other operating charges
+€158
Other operating items
-€10,272
Financial income
+€3,211
Financial charges
-€7,407
Taxes
-€41,369
Deferred taxes and other
-€26
Result 2025
€367,362
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€307,618
Investment
+€499,888
Financing
-€452,655
Cash 2024
€231,258
From operations (derived)
+€307,618
Net result for the year
+€367,362
Depreciation
+€25,518
Stocks and contracts
-€79,717
Receivables within one year
-€28,422
Deferred charges and accrued income
-€6,135
Trade debts
+€26,156
Tax, wage and social debts
+€2,772
Accrued charges and deferred income
+€83
Investment (derived)
+€499,888
Investment in fixed assets (net)
-€50,112
Current investments
+€550,000
Financing
-€452,655
Debts after one year
+€28,510
Current portion of long-term debt
+€15,269
Short-term financial debts
+€3,566
Contributions, distributions and other
-€500,000
Cash 2025
€586,110
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,009,736 | €1,953,454 | -€56,282 | -2.8% |
| Fixed assets | 21/28 | €117,885 | €142,478 | +€24,594 | +20.9% |
| Tangible fixed assets | 22/27 | €117,885 | €142,478 | +€24,594 | +20.9% |
| Plant, machinery and equipment | 23 | €10,767 | €6,522 | -€4,245 | -39.4% |
| Furniture and vehicles | 24 | €97,888 | €68,268 | -€29,620 | -30.3% |
| Leasing and similar rights | 25 | €9,230 | €67,689 | +€58,458 | +633% |
| Current assets | 29/58 | €1,891,851 | €1,810,976 | -€80,876 | -4.3% |
| Stocks and contracts in progress | 3 | €918,406 | €998,123 | +€79,717 | +8.7% |
| Stocks | 30/36 | €918,406 | €998,123 | +€79,717 | +8.7% |
| Amounts receivable within one year | 40/41 | €171,352 | €199,773 | +€28,422 | +16.6% |
| Trade receivables | 40 | €149,137 | €192,869 | +€43,733 | +29.3% |
| Other amounts receivable | 41 | €22,215 | €6,904 | -€15,311 | -68.9% |
| Current investments | 50/53 | €550,000 | €0 | -€550,000 | -100% |
| Cash at bank and in hand | 54/58 | €231,258 | €586,110 | +€354,852 | +153% |
| Deferred charges and accrued income | 490/1 | €20,835 | €26,970 | +€6,135 | +29.4% |
| Total equity and liabilities | 10/49 | €2,009,736 | €1,953,454 | -€56,282 | -2.8% |
| Equity | 10/15 | €1,193,077 | €1,060,440 | -€132,638 | -11.1% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €993,077 | €860,440 | -€132,638 | -13.4% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €973,077 | €840,440 | -€132,638 | -13.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €816,659 | €893,015 | +€76,356 | +9.3% |
| Amounts payable after more than one year | 17 | €73,834 | €102,344 | +€28,510 | +38.6% |
| Financial debts | 170/4 | €73,834 | €102,344 | +€28,510 | +38.6% |
| Amounts payable within one year | 42/48 | €742,537 | €790,299 | +€47,762 | +6.4% |
| Current portion of amounts payable after more than one year | 42 | €20,938 | €36,207 | +€15,269 | +72.9% |
| Financial debts | 43 | €944 | €4,511 | +€3,566 | +378% |
| Credit institutions | 430/8 | €944 | €4,511 | +€3,566 | +378% |
| Trade debts | 44 | €172,162 | €198,318 | +€26,156 | +15.2% |
| Suppliers | 440/4 | €172,162 | €198,318 | +€26,156 | +15.2% |
| Taxes, remuneration and social security | 45 | €48,071 | €50,843 | +€2,772 | +5.8% |
| Taxes | 450/3 | €9,844 | €11,864 | +€2,020 | +20.5% |
| Remuneration and social security | 454/9 | €38,227 | €38,979 | +€752 | +2.0% |
| Other amounts payable | 47/48 | €500,421 | €500,421 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €288 | €371 | +€83 | +29.0% |
| Non-recurring operating income | 76A | €0 | €5,892 | +€5,892 | |
| Remuneration, social security and pensions | 62 | €372,727 | €377,389 | +€4,662 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,954 | €25,518 | -€1,436 | -5.3% |
| Other operating charges | 640/8 | €6,611 | €6,452 | -€158 | -2.4% |
| Non-recurring operating charges | 66A | - | €10,272 | +€10,272 | |
| Gross operating margin | 9900 | €730,115 | €911,773 | +€181,657 | +24.9% |
| Operating profit (loss) | 9901 | €323,823 | €492,141 | +€168,318 | +52.0% |
| Financial income | 75/76B | €55,431 | €58,643 | +€3,211 | +5.8% |
| Recurring financial income | 75 | €55,431 | €58,643 | +€3,211 | +5.8% |
| Financial charges | 65/66B | €38,909 | €46,316 | +€7,407 | +19.0% |
| Recurring financial charges | 65 | €38,909 | €46,316 | +€7,407 | +19.0% |
| Profit (loss) for the period before taxes | 9903 | €340,346 | €504,468 | +€164,122 | +48.2% |
| Transfer from deferred taxes | 780 | €26 | €0 | -€26 | -100% |
| Income taxes | 67/77 | €95,737 | €137,106 | +€41,369 | +43.2% |
| Profit (loss) for the period | 9904 | €244,635 | €367,362 | +€122,727 | +50.2% |
| Transfer from tax-exempt reserves | 789 | €77 | €0 | -€77 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €244,712 | €367,362 | +€122,650 | +50.1% |
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 20 October 2026 via checked.be.