BTL 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.
BTL PLASTICS
Largest movements
- Receivables within one year -€278,839
down €278,839 (-26.0%), from €1.1m to €794,986
of which Trade receivables: -€244,126
- Stocks and contracts -€171,947
down €171,947 (-11.9%), from €1.4m to €1.3m
- Tangible fixed assets +€89,029
up €89,029 (+8.6%), from €1.0m to €1.1m
of which Plant, machinery and equipment: +€74,981
- Trade debts -€321,789
down €321,789 (-41.8%), from €769,398 to €447,608
- Reserves +€250,631
up €250,631 (+14.5%), from €1.7m to €2.0m
of which Distributable reserves: +€250,631
- Short-term financial debts -€200,000
down €200,000 (-100.0%), from €200,000 to €0
- Current portion of long-term debt -€100,496
down €100,496 (-23.6%), from €425,122 to €324,626
- Gross operating margin -€452,620
down €452,620 (-21.3%), from €2.1m to €1.7m
- Taxes -€134,757
down €134,757 (-59.1%), from €227,879 to €93,123
- Depreciation +€49,141
up €49,141 (+15.6%), from €314,443 to €363,584
- Staff costs +€38,948
up €38,948 (+4.3%), from €903,904 to €942,852
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.
Cash bridge derived
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 | €4,052,020 | €3,671,406 | -€380,614 | -9.4% |
| Fixed assets | 21/28 | €1,048,106 | €1,129,870 | +€81,764 | +7.8% |
| Intangible fixed assets | 21 | €8,181 | €916 | -€7,265 | -88.8% |
| Tangible fixed assets | 22/27 | €1,039,925 | €1,128,954 | +€89,029 | +8.6% |
| Plant, machinery and equipment | 23 | €1,008,521 | €1,083,502 | +€74,981 | +7.4% |
| Furniture and vehicles | 24 | €31,404 | €45,452 | +€14,048 | +44.7% |
| Current assets | 29/58 | €3,003,914 | €2,541,536 | -€462,378 | -15.4% |
| Stocks and contracts in progress | 3 | €1,441,786 | €1,269,839 | -€171,947 | -11.9% |
| Stocks | 30/36 | €1,441,786 | €1,269,839 | -€171,947 | -11.9% |
| Amounts receivable within one year | 40/41 | €1,073,825 | €794,986 | -€278,839 | -26.0% |
| Trade receivables | 40 | €1,018,290 | €774,164 | -€244,126 | -24.0% |
| Other amounts receivable | 41 | €55,535 | €20,821 | -€34,714 | -62.5% |
| Cash at bank and in hand | 54/58 | €444,805 | €430,296 | -€14,509 | -3.3% |
| Deferred charges and accrued income | 490/1 | €43,498 | €46,415 | +€2,917 | +6.7% |
| Total equity and liabilities | 10/49 | €4,052,020 | €3,671,406 | -€380,614 | -9.4% |
| Equity | 10/15 | €2,122,721 | €2,373,352 | +€250,631 | +11.8% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €1,722,721 | €1,973,352 | +€250,631 | +14.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,722,721 | €1,973,352 | +€250,631 | +14.5% |
| Amounts payable | 17/49 | €1,929,299 | €1,298,054 | -€631,245 | -32.7% |
| Amounts payable after more than one year | 17 | €424,250 | €450,116 | +€25,866 | +6.1% |
| Financial debts | 170/4 | €424,250 | €450,116 | +€25,866 | +6.1% |
| Amounts payable within one year | 42/48 | €1,472,141 | €844,122 | -€628,018 | -42.7% |
| Current portion of amounts payable after more than one year | 42 | €425,122 | €324,626 | -€100,496 | -23.6% |
| Financial debts | 43 | €200,000 | €0 | -€200,000 | -100.0% |
| Credit institutions | 430/8 | €200,000 | €0 | -€200,000 | -100.0% |
| Trade debts | 44 | €769,398 | €447,608 | -€321,789 | -41.8% |
| Suppliers | 440/4 | €769,398 | €447,608 | -€321,789 | -41.8% |
| Taxes, remuneration and social security | 45 | €73,470 | €71,088 | -€2,383 | -3.2% |
| Taxes | 450/3 | €5,243 | €5,133 | -€110 | -2.1% |
| Remuneration and social security | 454/9 | €68,228 | €65,955 | -€2,272 | -3.3% |
| Other amounts payable | 47/48 | €4,151 | €800 | -€3,351 | -80.7% |
| Accrued charges and deferred income | 492/3 | €32,908 | €3,816 | -€29,092 | -88.4% |
| Remuneration, social security and pensions | 62 | €903,904 | €942,852 | +€38,948 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €314,443 | €363,584 | +€49,141 | +15.6% |
| Other operating charges | 640/8 | €27,770 | €28,510 | +€741 | +2.7% |
| Gross operating margin | 9900 | €2,121,830 | €1,669,210 | -€452,620 | -21.3% |
| Operating profit (loss) | 9901 | €875,714 | €334,264 | -€541,450 | -61.8% |
| Financial income | 75/76B | €39,453 | €35,605 | -€3,847 | -9.8% |
| Recurring financial income | 75 | €39,453 | €35,605 | -€3,847 | -9.8% |
| Financial charges | 65/66B | €27,942 | €26,116 | -€1,826 | -6.5% |
| Recurring financial charges | 65 | €27,942 | €26,116 | -€1,826 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €887,224 | €343,753 | -€543,471 | -61.3% |
| Income taxes | 67/77 | €227,879 | €93,123 | -€134,757 | -59.1% |
| Profit (loss) for the period | 9904 | €659,345 | €250,631 | -€408,714 | -62.0% |
| Profit (loss) for the period to be appropriated | 9905 | €659,345 | €250,631 | -€408,714 | -62.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.