HMG - PLASTEX: 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.
HMG - PLASTEX
Largest movements
- Receivables within one year +€173,656
up €173,656 (+19.8%), from €878,379 to €1.1m
of which Other amounts receivable: +€161,805
- Cash +€40,225
up €40,225 (+219%), from €18,373 to €58,598
mainly Net result for the year (+€149,926) and Tax, wage and social debts (+€52,330)
- Reserves +€149,900
up €149,900 (+29.9%), from €501,600 to €651,500
of which Distributable reserves: +€149,900
- Tax, wage and social debts +€52,330
up €52,330 (+32.3%), from €162,259 to €214,589
- Financial income +€49,691
up €49,691 (+4,969,121%), from €1 to €49,692
- Gross operating margin -€32,826
down €32,826 (-14.6%), from €224,156 to €191,330
- Other operating charges +€13,745
new in 2025: €13,745
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 | €902,696 | €1,112,004 | +€209,308 | +23.2% |
| Fixed assets | 21/28 | €5,944 | €1,371 | -€4,573 | -76.9% |
| Tangible fixed assets | 22/27 | €5,694 | €1,121 | -€4,573 | -80.3% |
| Furniture and vehicles | 24 | €595 | €1,121 | +€526 | +88.4% |
| Leasing and similar rights | 25 | €5,099 | €0 | -€5,099 | -100% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €896,752 | €1,110,633 | +€213,881 | +23.9% |
| Amounts receivable within one year | 40/41 | €878,379 | €1,052,035 | +€173,656 | +19.8% |
| Trade receivables | 40 | €34,617 | €46,467 | +€11,850 | +34.2% |
| Other amounts receivable | 41 | €843,762 | €1,005,567 | +€161,805 | +19.2% |
| Cash at bank and in hand | 54/58 | €18,373 | €58,598 | +€40,225 | +219% |
| Total equity and liabilities | 10/49 | €902,696 | €1,112,004 | +€209,308 | +23.2% |
| Equity | 10/15 | €737,639 | €887,566 | +€149,927 | +20.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €501,600 | €651,500 | +€149,900 | +29.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,000 | €13,000 | = | 0.0% |
| Distributable reserves | 133 | €486,740 | €636,640 | +€149,900 | +30.8% |
| Profit (loss) carried forward | 14 | €217,439 | €217,466 | +€27 | 0.0% |
| Amounts payable | 17/49 | €165,057 | €224,439 | +€59,382 | +36.0% |
| Amounts payable within one year | 42/48 | €165,057 | €224,439 | +€59,382 | +36.0% |
| Trade debts | 44 | €2,798 | €9,850 | +€7,052 | +252% |
| Suppliers | 440/4 | €2,798 | €9,850 | +€7,052 | +252% |
| Taxes, remuneration and social security | 45 | €162,259 | €214,589 | +€52,330 | +32.3% |
| Taxes | 450/3 | €162,259 | €214,589 | +€52,330 | +32.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €130 | €585 | +€455 | +350% |
| Other operating charges | 640/8 | - | €13,745 | +€13,745 | |
| Gross operating margin | 9900 | €224,156 | €191,330 | -€32,826 | -14.6% |
| Operating profit (loss) | 9901 | €224,026 | €177,000 | -€47,026 | -21.0% |
| Financial income | 75/76B | €1 | €49,692 | +€49,691 | +4,969,121% |
| Recurring financial income | 75 | €1 | €49,692 | +€49,691 | +4,969,121% |
| Financial charges | 65/66B | €318 | €209 | -€109 | -34.2% |
| Recurring financial charges | 65 | €318 | €209 | -€109 | -34.2% |
| Profit (loss) for the period before taxes | 9903 | €223,709 | €226,483 | +€2,774 | +1.2% |
| Income taxes | 67/77 | €77,921 | €76,557 | -€1,364 | -1.8% |
| Profit (loss) for the period | 9904 | €145,788 | €149,926 | +€4,138 | +2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €145,788 | €149,926 | +€4,138 | +2.8% |
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.