Duplast: what changed
Two fiscal 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.
Duplast
Largest movements
- Current investments -€1.8m
down €1.8m (-87.5%), from €2.0m to €248,970
- Receivables within one year +€203,418
up €203,418 (+20.1%), from €1.0m to €1.2m
of which Other amounts receivable: +€174,767
- Stocks and contracts +€123,023
up €123,023 (+13.5%), from €912,228 to €1.0m
- Cash +€95,656
up €95,656 (+11.1%), from €862,208 to €957,864
mainly Current investments (+€1.8m) and Net result for the year (+€186,302)
- Reserves -€1.2m
down €1.2m (-27.4%), from €4.5m to €3.2m
of which Distributable reserves: -€1.2m
- Trade debts -€69,080
down €69,080 (-12.3%), from €562,750 to €493,670
- Accrued charges and deferred income +€61,048
up €61,048 (+353.3%), from €17,280 to €78,328
- Staff costs +€301,873
up €301,873 (+146.3%), from €206,368 to €508,242
- Taxes -€133,353
down €133,353 (-57.7%), from €231,273 to €97,920
- Gross operating margin -€84,721
down €84,721 (-6.8%), from €1.3m to €1.2m
- Financial income -€32,997
down €32,997 (-20.8%), from €158,385 to €125,388
- Write-downs -€28,427
down €28,427 (-76.7%), from €37,058 to €8,631
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 | €5,399,579 | €4,106,501 | -€1.3m | -23.9% |
| Fixed assets | 21/28 | €258,615 | €248,385 | -€10,230 | -4.0% |
| Intangible fixed assets | 21 | €56,128 | €42,203 | -€13,924 | -24.8% |
| Tangible fixed assets | 22/27 | €202,487 | €206,182 | +€3,695 | +1.8% |
| Plant, machinery and equipment | 23 | €53,364 | €47,267 | -€6,097 | -11.4% |
| Furniture and vehicles | 24 | €35,074 | €52,538 | +€17,464 | +49.8% |
| Other tangible fixed assets | 26 | €89,050 | €81,377 | -€7,673 | -8.6% |
| Assets under construction and advance payments | 27 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €5,140,964 | €3,858,116 | -€1.3m | -25.0% |
| Stocks and contracts in progress | 3 | €912,228 | €1,035,250 | +€123,023 | +13.5% |
| Stocks | 30/36 | €912,228 | €1,035,250 | +€123,023 | +13.5% |
| Amounts receivable within one year | 40/41 | €1,010,005 | €1,213,422 | +€203,418 | +20.1% |
| Trade receivables | 40 | €1,007,164 | €1,035,814 | +€28,650 | +2.8% |
| Other amounts receivable | 41 | €2,841 | €177,608 | +€174,767 | +6152.2% |
| Current investments | 50/53 | €1,999,231 | €248,970 | -€1.8m | -87.5% |
| Cash at bank and in hand | 54/58 | €862,208 | €957,864 | +€95,656 | +11.1% |
| Deferred charges and accrued income | 490/1 | €357,293 | €402,609 | +€45,316 | +12.7% |
| Total equity and liabilities | 10/49 | €5,399,579 | €4,106,501 | -€1.3m | -23.9% |
| Equity | 10/15 | €4,561,620 | €3,337,082 | -€1.2m | -26.8% |
| Contributions | 10/11 | €100,400 | €100,400 | = | 0.0% |
| Reserves | 13 | €4,461,220 | €3,236,682 | -€1.2m | -27.4% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €4,461,220 | €3,236,682 | -€1.2m | -27.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €837,959 | €769,419 | -€68,540 | -8.2% |
| Amounts payable after more than one year | 17 | €28,457 | €22,276 | -€6,181 | -21.7% |
| Financial debts | 170/4 | €28,457 | €22,276 | -€6,181 | -21.7% |
| Amounts payable within one year | 42/48 | €792,222 | €668,815 | -€123,407 | -15.6% |
| Current portion of amounts payable after more than one year | 42 | €5,964 | €6,181 | +€217 | +3.6% |
| Financial debts | 43 | €40,000 | €0 | -€40,000 | -100.0% |
| Credit institutions | 430/8 | €40,000 | €0 | -€40,000 | -100.0% |
| Trade debts | 44 | €562,750 | €493,670 | -€69,080 | -12.3% |
| Suppliers | 440/4 | €562,750 | €493,670 | -€69,080 | -12.3% |
| Taxes, remuneration and social security | 45 | €183,508 | €168,406 | -€15,102 | -8.2% |
| Taxes | 450/3 | €168,754 | €107,719 | -€61,034 | -36.2% |
| Remuneration and social security | 454/9 | €14,754 | €60,687 | +€45,933 | +311.3% |
| Other amounts payable | 47/48 | €0 | €557 | +€557 | |
| Accrued charges and deferred income | 492/3 | €17,280 | €78,328 | +€61,048 | +353.3% |
| Non-recurring operating income | 76A | - | €1,481 | +€1,481 | |
| Remuneration, social security and pensions | 62 | €206,368 | €508,242 | +€301,873 | +146.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,248 | €60,545 | +€9,297 | +18.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €37,058 | €8,631 | -€28,427 | -76.7% |
| Other operating charges | 640/8 | €318,106 | €328,256 | +€10,150 | +3.2% |
| Gross operating margin | 9900 | €1,253,483 | €1,168,762 | -€84,721 | -6.8% |
| Operating profit (loss) | 9901 | €640,704 | €263,088 | -€377,615 | -58.9% |
| Financial income | 75/76B | €158,385 | €125,388 | -€32,997 | -20.8% |
| Recurring financial income | 75 | €158,385 | €125,388 | -€32,997 | -20.8% |
| Financial charges | 65/66B | €130,893 | €104,254 | -€26,639 | -20.4% |
| Recurring financial charges | 65 | €130,893 | €104,254 | -€26,639 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | €668,195 | €284,222 | -€383,973 | -57.5% |
| Income taxes | 67/77 | €231,273 | €97,920 | -€133,353 | -57.7% |
| Profit (loss) for the period | 9904 | €436,923 | €186,302 | -€250,620 | -57.4% |
| Transfer from tax-exempt reserves | 789 | €50,974 | €0 | -€50,974 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €487,896 | €186,302 | -€301,594 | -61.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.