BELGIPLAST: 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.
BELGIPLAST
Largest movements
- Tangible fixed assets -€11,966
down €11,966 (-16.5%), from €72,365 to €60,399
- Receivables within one year -€9,144
down €9,144 (-81.6%), from €11,206 to €2,061
of which Trade receivables: -€9,678
- Reserves -€25,000
down €25,000 (-24.7%), from €101,356 to €76,356
of which Distributable reserves: -€25,000
- Profit (loss) carried forward +€5,818
new in 2025: €5,818
- Gross operating margin -€10,751
down €10,751 (-26.5%), from €40,602 to €29,852
- Taxes -€3,071
down €3,071 (-60.8%), from €5,050 to €1,979
- Depreciation -€949
down €949 (-6.4%), from €14,915 to €13,966
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 | €191,396 | €171,115 | -€20,280 | -10.6% |
| Fixed assets | 21/28 | €72,365 | €60,399 | -€11,966 | -16.5% |
| Tangible fixed assets | 22/27 | €72,365 | €60,399 | -€11,966 | -16.5% |
| Land and buildings | 22 | €16,500 | €15,269 | -€1,230 | -7.5% |
| Plant, machinery and equipment | 23 | €46,000 | €40,230 | -€5,770 | -12.5% |
| Furniture and vehicles | 24 | €9,866 | €4,900 | -€4,966 | -50.3% |
| Current assets | 29/58 | €119,030 | €110,716 | -€8,314 | -7.0% |
| Stocks and contracts in progress | 3 | €16,334 | €15,835 | -€499 | -3.1% |
| Stocks | 30/36 | €16,334 | €15,835 | -€499 | -3.1% |
| Amounts receivable within one year | 40/41 | €11,206 | €2,061 | -€9,144 | -81.6% |
| Trade receivables | 40 | €11,206 | €1,527 | -€9,678 | -86.4% |
| Other amounts receivable | 41 | - | €534 | +€534 | |
| Cash at bank and in hand | 54/58 | €89,970 | €91,287 | +€1,316 | +1.5% |
| Deferred charges and accrued income | 490/1 | €1,521 | €1,534 | +€12 | +0.8% |
| Total equity and liabilities | 10/49 | €191,396 | €171,115 | -€20,280 | -10.6% |
| Equity | 10/15 | €163,356 | €144,175 | -€19,182 | -11.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €101,356 | €76,356 | -€25,000 | -24.7% |
| Non-distributable reserves | 130/1 | €14,300 | €14,300 | = | 0.0% |
| Legal reserve | 130 | €14,300 | €14,300 | = | 0.0% |
| Distributable reserves | 133 | €87,056 | €62,056 | -€25,000 | -28.7% |
| Profit (loss) carried forward | 14 | - | €5,818 | +€5,818 | |
| Amounts payable | 17/49 | €28,039 | €26,941 | -€1,099 | -3.9% |
| Amounts payable within one year | 42/48 | €27,741 | €26,642 | -€1,099 | -4.0% |
| Financial debts | 43 | €1,667 | €833 | -€833 | -50.0% |
| Credit institutions | 430/8 | €1,667 | €833 | -€833 | -50.0% |
| Trade debts | 44 | €105 | €748 | +€644 | +615% |
| Suppliers | 440/4 | €105 | €748 | +€644 | +615% |
| Taxes, remuneration and social security | 45 | €969 | €60 | -€909 | -93.8% |
| Taxes | 450/3 | €969 | €60 | -€909 | -93.8% |
| Other amounts payable | 47/48 | €25,000 | €25,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €299 | €299 | +€0 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,915 | €13,966 | -€949 | -6.4% |
| Other operating charges | 640/8 | €6,316 | €6,422 | +€106 | +1.7% |
| Gross operating margin | 9900 | €40,602 | €29,852 | -€10,751 | -26.5% |
| Operating profit (loss) | 9901 | €19,370 | €9,463 | -€9,907 | -51.1% |
| Financial income | 75/76B | €10 | €9 | -€1 | -13.1% |
| Recurring financial income | 75 | €10 | €9 | -€1 | -13.1% |
| Financial charges | 65/66B | €1,495 | €1,675 | +€180 | +12.0% |
| Recurring financial charges | 65 | €1,495 | €1,675 | +€180 | +12.0% |
| Profit (loss) for the period before taxes | 9903 | €17,886 | €7,798 | -€10,088 | -56.4% |
| Income taxes | 67/77 | €5,050 | €1,979 | -€3,071 | -60.8% |
| Profit (loss) for the period | 9904 | €12,836 | €5,818 | -€7,018 | -54.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,836 | €5,818 | -€7,018 | -54.7% |
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 16 October 2026 via checked.be.