BOPLAN: 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
BOPLAN
NACE 22.260, Manufacture of rubber and plastic products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€6.8m
2024 · €8.9m-€2.1m
Equity
€32.7m
2024 · €30.3m+€2.4m
Cash
€7.6m
2024 · €4.8m+€2.8m
Balance sheet total
€38.2m
2024 · €36.2m+€2.0m
Largest movements
Assets
- Current investments -€3.1m
down €3.1m (-34.3%), from €9.1m to €6.0m
- Cash +€2.8m
up €2.8m (+59.0%), from €4.8m to €7.6m
mainly Net result for the year (+€6.8m) and Current investments (+€3.1m)
- Receivables within one year +€2.4m
up €2.4m (+17.1%), from €13.9m to €16.3m
of which Other amounts receivable: +€1.7m
- Tangible fixed assets -€577,085
down €577,085 (-19.0%), from €3.0m to €2.5m
of which Plant, machinery and equipment: -€549,972
- Stocks and contracts +€401,263
up €401,263 (+7.7%), from €5.2m to €5.6m
Equity and liabilities
- Reserves +€2.4m
up €2.4m (+7.9%), from €30.3m to €32.6m
of which Distributable reserves: +€1.4m
- Trade debts -€588,782
down €588,782 (-14.1%), from €4.2m to €3.6m
Income statement
- Turnover -€4.5m
down €4.5m (-9.0%), from €49.6m to €45.1m
- Goods and materials -€3.2m
down €3.2m (-14.7%), from €21.7m to €18.6m
of which Purchases: -€3.5m
- Staff costs +€1.2m
up €1.2m (+18.1%), from €6.9m to €8.1m
- Financial charges +€921,148
up €921,148 (+1,551%), from €59,382 to €980,530
- Taxes -€783,252
down €783,252 (-37.6%), from €2.1m to €1.3m
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
€8.9m
Turnover
-€4.5m
Other operating income
+€161,101
Goods and materials
+€3.2m
Services and other goods
-€458,512
Staff costs
-€1.2m
Depreciation
-€14,075
Write-downs
-€55,534
Other operating charges
-€12,351
Other operating items
+€669,019
Financial income
+€305,710
Financial charges
-€921,148
Taxes
+€783,252
Result 2025
€6.8m
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
+€4.7m
Investment
+€2.7m
Financing
-€4.5m
Cash 2024
€4.8m
From operations (derived)
+€4.7m
Net result for the year
+€6.8m
Depreciation
+€1.1m
Stocks and contracts
-€401,263
Receivables within one year
-€2.4m
Deferred charges and accrued income
-€52,374
Trade debts
-€588,782
Tax, wage and social debts
+€243,939
Advances received
+€259,973
Other debts
-€38,426
Accrued charges and deferred income
-€268,351
Investment (derived)
+€2.7m
Investment in fixed assets (net)
-€480,028
Current investments
+€3.1m
Financing
-€4.5m
Debts after one year
-€46,552
Short-term financial debts
+€1,061
Contributions, distributions and other
-€4.5m
Cash 2025
€7.6m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €36,212,821 | €38,166,679 | +€2.0m | +5.4% |
| Fixed assets | 21/28 | €3,039,870 | €2,462,435 | -€577,434 | -19.0% |
| Intangible fixed assets | 21 | €449 | €0 | -€449 | -100% |
| Tangible fixed assets | 22/27 | €3,039,420 | €2,462,335 | -€577,085 | -19.0% |
| Plant, machinery and equipment | 23 | €2,216,625 | €1,666,653 | -€549,972 | -24.8% |
| Furniture and vehicles | 24 | €597,814 | €479,622 | -€118,192 | -19.8% |
| Other tangible fixed assets | 26 | €224,981 | €203,860 | -€21,121 | -9.4% |
| Assets under construction and advance payments | 27 | - | €112,200 | +€112,200 | |
| Financial fixed assets | 28 | €0 | €100 | +€100 | |
| Other financial fixed assets | 284/8 | €0 | €100 | +€100 | |
| Amounts receivable and cash guarantees | 285/8 | €0 | €100 | +€100 | |
| Current assets | 29/58 | €33,172,951 | €35,704,244 | +€2.5m | +7.6% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €5,195,206 | €5,596,469 | +€401,263 | +7.7% |
| Stocks | 30/36 | €5,195,206 | €5,596,469 | +€401,263 | +7.7% |
| Raw materials and consumables | 30/31 | €2,996,798 | €2,895,165 | -€101,633 | -3.4% |
| Work in progress | 32 | €1,222,329 | €1,282,727 | +€60,398 | +4.9% |
| Finished goods | 33 | €646,471 | €1,145,942 | +€499,471 | +77.3% |
| Goods purchased for resale | 34 | €291,271 | €213,990 | -€77,281 | -26.5% |
| Advance payments | 36 | €38,337 | €58,645 | +€20,308 | +53.0% |
| Amounts receivable within one year | 40/41 | €13,939,400 | €16,326,182 | +€2.4m | +17.1% |
| Trade receivables | 40 | €13,821,214 | €14,476,946 | +€655,732 | +4.7% |
| Other amounts receivable | 41 | €118,186 | €1,849,236 | +€1.7m | +1,465% |
| Current investments | 50/53 | €9,130,703 | €6,000,000 | -€3.1m | -34.3% |
| Other investments | 51/53 | €9,130,703 | €6,000,000 | -€3.1m | -34.3% |
| Cash at bank and in hand | 54/58 | €4,784,743 | €7,606,318 | +€2.8m | +59.0% |
| Deferred charges and accrued income | 490/1 | €122,900 | €175,274 | +€52,374 | +42.6% |
| Total equity and liabilities | 10/49 | €36,212,821 | €38,166,679 | +€2.0m | +5.4% |
| Equity | 10/15 | €30,269,875 | €32,660,872 | +€2.4m | +7.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €30,251,325 | €32,642,322 | +€2.4m | +7.9% |
| Tax-exempt reserves | 132 | €6,719,510 | €7,719,503 | +€999,993 | +14.9% |
| Distributable reserves | 133 | €23,531,815 | €24,922,819 | +€1.4m | +5.9% |
| Amounts payable | 17/49 | €5,942,946 | €5,505,807 | -€437,139 | -7.4% |
| Amounts payable after more than one year | 17 | €182,328 | €135,776 | -€46,552 | -25.5% |
| Financial debts | 170/4 | €182,328 | €135,776 | -€46,552 | -25.5% |
| Credit institutions | 173 | €182,328 | €135,776 | -€46,552 | -25.5% |
| Amounts payable within one year | 42/48 | €5,486,106 | €5,363,870 | -€122,236 | -2.2% |
| Current portion of amounts payable after more than one year | 42 | €46,552 | €46,552 | = | 0.0% |
| Financial debts | 43 | €4,935 | €5,996 | +€1,061 | +21.5% |
| Credit institutions | 430/8 | €4,935 | €5,996 | +€1,061 | +21.5% |
| Trade debts | 44 | €4,184,651 | €3,595,868 | -€588,782 | -14.1% |
| Suppliers | 440/4 | €4,184,651 | €3,595,868 | -€588,782 | -14.1% |
| Advances received on contracts in progress | 46 | €97,760 | €357,734 | +€259,973 | +266% |
| Taxes, remuneration and social security | 45 | €1,112,392 | €1,356,331 | +€243,939 | +21.9% |
| Taxes | 450/3 | €339,853 | €396,453 | +€56,600 | +16.7% |
| Remuneration and social security | 454/9 | €772,538 | €959,877 | +€187,339 | +24.2% |
| Other amounts payable | 47/48 | €39,816 | €1,390 | -€38,426 | -96.5% |
| Accrued charges and deferred income | 492/3 | €274,512 | €6,161 | -€268,351 | -97.8% |
| Operating income | 70/76A | €50,034,432 | €46,402,703 | -€3.6m | -7.3% |
| Turnover | 70 | €49,564,018 | €45,102,169 | -€4.5m | -9.0% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€118,536 | €559,869 | +€678,405 | |
| Other operating income | 74 | €566,675 | €727,776 | +€161,101 | +28.4% |
| Non-recurring operating income | 76A | €22,275 | €12,889 | -€9,386 | -42.1% |
| Operating charges | 60/66A | €39,614,014 | €38,212,439 | -€1.4m | -3.5% |
| Goods for resale, raw materials and consumables | 60 | €21,745,877 | €18,556,880 | -€3.2m | -14.7% |
| Purchases | 600/8 | €21,884,758 | €18,377,966 | -€3.5m | -16.0% |
| Change in stocks: decrease (increase) | 609 | -€138,881 | €178,914 | +€317,795 | |
| Services and other goods | 61 | €9,728,516 | €10,187,029 | +€458,512 | +4.7% |
| Remuneration, social security and pensions | 62 | €6,874,760 | €8,121,710 | +€1.2m | +18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,043,387 | €1,057,462 | +€14,075 | +1.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €205,672 | €261,207 | +€55,534 | +27.0% |
| Other operating charges | 640/8 | €15,801 | €28,151 | +€12,351 | +78.2% |
| Operating profit (loss) | 9901 | €10,420,418 | €8,190,264 | -€2.2m | -21.4% |
| Financial income | 75/76B | €626,853 | €932,563 | +€305,710 | +48.8% |
| Recurring financial income | 75 | €626,853 | €932,563 | +€305,710 | +48.8% |
| Income from current assets | 751 | €338,168 | €424,713 | +€86,545 | +25.6% |
| Other financial income | 752/9 | €288,686 | €507,850 | +€219,165 | +75.9% |
| Financial charges | 65/66B | €59,382 | €980,530 | +€921,148 | +1,551% |
| Recurring financial charges | 65 | €59,382 | €980,530 | +€921,148 | +1,551% |
| Debt charges | 650 | €45,480 | €33,765 | -€11,715 | -25.8% |
| Other financial charges | 652/9 | €13,903 | €946,765 | +€932,863 | +6,710% |
| Profit (loss) for the period before taxes | 9903 | €10,987,889 | €8,142,297 | -€2.8m | -25.9% |
| Income taxes | 67/77 | €2,081,551 | €1,298,299 | -€783,252 | -37.6% |
| Taxes | 670/3 | €2,081,551 | €1,298,299 | -€783,252 | -37.6% |
| Profit (loss) for the period | 9904 | €8,906,337 | €6,843,997 | -€2.1m | -23.2% |
| Transfer to tax-exempt reserves | 689 | €999,938 | €999,993 | +€55 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,906,399 | €5,844,004 | -€2.1m | -26.1% |
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 17 October 2026 via checked.be.