CEDEM-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.
CEDEM-PLASTICS
Largest movements
- Receivables within one year -€270,249
down €270,249 (-39.6%), from €682,050 to €411,801
of which Other amounts receivable: -€243,842
- Cash +€188,664
new in 2025: €188,664
mainly Receivables within one year (+€270,249) and Trade debts (+€76,672)
- Stocks and contracts +€20,339
up €20,339 (+157%), from €12,996 to €33,335
- Debts after one year -€97,222
down €97,222 (-22.1%), from €440,013 to €342,791
- Trade debts +€76,672
up €76,672 (+11,456%), from €669 to €77,341
- Short-term financial debts -€60,004
no longer reported in 2025 (was €60,004)
- Gross operating margin -€28,249
down €28,249 (-33.1%), from €85,251 to €57,002
- Financial income +€6,680
up €6,680 (+167%), from €3,994 to €10,674
- Taxes -€5,736
down €5,736 (-71.8%), from €7,990 to €2,255
- Financial charges -€1,678
down €1,678 (-12.2%), from €13,754 to €12,076
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 | €1,960,007 | €1,880,337 | -€79,670 | -4.1% |
| Fixed assets | 21/28 | €1,187,263 | €1,168,729 | -€18,534 | -1.6% |
| Tangible fixed assets | 22/27 | €1,187,263 | €1,168,729 | -€18,534 | -1.6% |
| Land and buildings | 22 | €1,175,035 | €1,137,340 | -€37,694 | -3.2% |
| Furniture and vehicles | 24 | €12,228 | €3,211 | -€9,017 | -73.7% |
| Assets under construction and advance payments | 27 | - | €28,178 | +€28,178 | |
| Current assets | 29/58 | €772,744 | €711,608 | -€61,137 | -7.9% |
| Amounts receivable after more than one year | 29 | €63,548 | €63,548 | = | 0.0% |
| Other amounts receivable | 291 | €63,548 | €63,548 | = | 0.0% |
| Stocks and contracts in progress | 3 | €12,996 | €33,335 | +€20,339 | +157% |
| Stocks | 30/36 | €12,996 | €33,335 | +€20,339 | +157% |
| Amounts receivable within one year | 40/41 | €682,050 | €411,801 | -€270,249 | -39.6% |
| Trade receivables | 40 | €26,407 | - | -€26,407 | |
| Other amounts receivable | 41 | €655,643 | €411,801 | -€243,842 | -37.2% |
| Cash at bank and in hand | 54/58 | - | €188,664 | +€188,664 | |
| Deferred charges and accrued income | 490/1 | €14,150 | €14,259 | +€109 | +0.8% |
| Total equity and liabilities | 10/49 | €1,960,007 | €1,880,337 | -€79,670 | -4.1% |
| Equity | 10/15 | €1,349,766 | €1,352,531 | +€2,765 | +0.2% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €1,342,766 | €1,345,531 | +€2,765 | +0.2% |
| Non-distributable reserves | 130/1 | €700 | €700 | = | 0.0% |
| Reserves not available under the articles | 1311 | €700 | €700 | = | 0.0% |
| Tax-exempt reserves | 132 | €173 | €173 | = | 0.0% |
| Distributable reserves | 133 | €1,341,893 | €1,344,658 | +€2,765 | +0.2% |
| Amounts payable | 17/49 | €610,241 | €527,806 | -€82,436 | -13.5% |
| Amounts payable after more than one year | 17 | €440,013 | €342,791 | -€97,222 | -22.1% |
| Financial debts | 170/4 | €440,013 | €342,791 | -€97,222 | -22.1% |
| Amounts payable within one year | 42/48 | €168,457 | €184,459 | +€16,002 | +9.5% |
| Current portion of amounts payable after more than one year | 42 | €101,575 | €97,222 | -€4,353 | -4.3% |
| Financial debts | 43 | €60,004 | - | -€60,004 | |
| Credit institutions | 430/8 | €60,004 | - | -€60,004 | |
| Trade debts | 44 | €669 | €77,341 | +€76,672 | +11,456% |
| Suppliers | 440/4 | €669 | €77,341 | +€76,672 | +11,456% |
| Taxes, remuneration and social security | 45 | €6,209 | €9,895 | +€3,686 | +59.4% |
| Taxes | 450/3 | €6,209 | €9,895 | +€3,686 | +59.4% |
| Accrued charges and deferred income | 492/3 | €1,772 | €556 | -€1,215 | -68.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,711 | €46,711 | = | 0.0% |
| Other operating charges | 640/8 | €3,856 | €3,853 | -€3 | -0.1% |
| Non-recurring operating charges | 66A | €64 | €16 | -€48 | -75.5% |
| Gross operating margin | 9900 | €85,251 | €57,002 | -€28,249 | -33.1% |
| Operating profit (loss) | 9901 | €34,620 | €6,422 | -€28,198 | -81.5% |
| Financial income | 75/76B | €3,994 | €10,674 | +€6,680 | +167% |
| Recurring financial income | 75 | €3,994 | €10,674 | +€6,680 | +167% |
| Financial charges | 65/66B | €13,754 | €12,076 | -€1,678 | -12.2% |
| Recurring financial charges | 65 | €13,754 | €12,076 | -€1,678 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €24,860 | €5,020 | -€19,840 | -79.8% |
| Income taxes | 67/77 | €7,990 | €2,255 | -€5,736 | -71.8% |
| Profit (loss) for the period | 9904 | €16,870 | €2,765 | -€14,104 | -83.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,870 | €2,765 | -€14,104 | -83.6% |
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 14 October 2026 via checked.be.