PLASTEC: 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.
What changed
PLASTEC
NACE 22.210, Manufacture of rubber and plastic products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€894,647
2024 · €881,559+€13,088
Equity
€5.5m
2024 · €5.5m+€44,647
Cash
€2.1m
2024 · €1.5m+€597,986
Balance sheet total
€9.6m
2024 · €9.5m+€87,974
Largest movements
Assets
- Cash +€597,986
up €597,986 (+40.3%), from €1.5m to €2.1m
mainly Net result for the year (+€894,647) and Other debts (+€750,000)
- Tangible fixed assets -€425,666
down €425,666 (-7.5%), from €5.6m to €5.2m
Equity and liabilities
- Other debts +€750,000
up €750,000 (+750.0%), from €100,000 to €850,000
- Debts after one year -€313,232
down €313,232 (-11.2%), from €2.8m to €2.5m
- Trade debts -€294,610
down €294,610 (-61.8%), from €476,504 to €181,894
- Tax, wage and social debts -€103,008
down €103,008 (-29.1%), from €353,489 to €250,481
of which Remuneration and social security: -€52,236
Income statement
- Gross operating margin +€302,488
up €302,488 (+9.3%), from €3.3m to €3.6m
- Staff costs +€262,603
up €262,603 (+17.8%), from €1.5m to €1.7m
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
€881,559
Gross operating margin
+€302,488
Staff costs
-€262,603
Depreciation
-€16,744
Other operating charges
-€9,750
Financial income
-€1,299
Financial charges
+€2,723
Taxes
-€1,727
Result 2025
€894,647
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.
From operations
+€1.8m
Investment
-€82,530
Financing
-€1.2m
Cash 2024
€1.5m
From operations (derived)
+€1.8m
Net result for the year
+€894,647
Depreciation
+€502,060
Stocks and contracts
+€90,670
Smaller working-capital items
-€188
Trade debts
-€294,610
Tax, wage and social debts
-€103,008
Other debts
+€750,000
Investment (derived)
-€82,530
Investment in fixed assets (net)
-€82,530
Financing
-€1.2m
Debts after one year
-€313,232
Current portion of long-term debt
+€4,177
Contributions, distributions and other
-€850,000
Cash 2025
€2.1m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,534,318 | €9,622,292 | +€87,974 | +0.9% |
| Fixed assets | 21/28 | €5,659,635 | €5,240,105 | -€419,529 | -7.4% |
| Intangible fixed assets | 21 | €19,078 | €25,064 | +€5,986 | +31.4% |
| Tangible fixed assets | 22/27 | €5,640,186 | €5,214,520 | -€425,666 | -7.5% |
| Land and buildings | 22 | €4,584,950 | €4,373,176 | -€211,773 | -4.6% |
| Plant, machinery and equipment | 23 | €890,257 | €734,201 | -€156,056 | -17.5% |
| Furniture and vehicles | 24 | €164,979 | €107,142 | -€57,837 | -35.1% |
| Financial fixed assets | 28 | €371 | €522 | +€151 | +40.7% |
| Current assets | 29/58 | €3,874,683 | €4,382,186 | +€507,503 | +13.1% |
| Stocks and contracts in progress | 3 | €1,655,170 | €1,564,499 | -€90,670 | -5.5% |
| Stocks | 30/36 | €1,655,170 | €1,564,499 | -€90,670 | -5.5% |
| Amounts receivable within one year | 40/41 | €723,494 | €723,254 | -€240 | 0.0% |
| Trade receivables | 40 | €723,494 | €697,344 | -€26,150 | -3.6% |
| Other amounts receivable | 41 | - | €25,910 | +€25,910 | |
| Cash at bank and in hand | 54/58 | €1,484,295 | €2,082,280 | +€597,986 | +40.3% |
| Deferred charges and accrued income | 490/1 | €11,725 | €12,153 | +€428 | +3.6% |
| Total equity and liabilities | 10/49 | €9,534,318 | €9,622,292 | +€87,974 | +0.9% |
| Equity | 10/15 | €5,501,948 | €5,546,595 | +€44,647 | +0.8% |
| Contributions | 10/11 | €1,787,800 | €1,787,800 | = | 0.0% |
| Capital | 10 | €1,787,800 | €1,787,800 | = | 0.0% |
| Issued capital | 100 | €1,787,800 | €1,787,800 | = | 0.0% |
| Reserves | 13 | €1,053,966 | €1,053,966 | = | 0.0% |
| Non-distributable reserves | 130/1 | €178,780 | €178,780 | = | 0.0% |
| Legal reserve | 130 | €178,780 | €178,780 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,463 | €56,463 | = | 0.0% |
| Distributable reserves | 133 | €818,723 | €818,723 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,660,182 | €2,704,829 | +€44,647 | +1.7% |
| Amounts payable | 17/49 | €4,032,370 | €4,075,697 | +€43,327 | +1.1% |
| Amounts payable after more than one year | 17 | €2,793,286 | €2,480,055 | -€313,232 | -11.2% |
| Financial debts | 170/4 | €2,793,286 | €2,480,055 | -€313,232 | -11.2% |
| Amounts payable within one year | 42/48 | €1,239,049 | €1,595,607 | +€356,558 | +28.8% |
| Current portion of amounts payable after more than one year | 42 | €309,055 | €313,232 | +€4,177 | +1.4% |
| Trade debts | 44 | €476,504 | €181,894 | -€294,610 | -61.8% |
| Suppliers | 440/4 | €476,504 | €181,894 | -€294,610 | -61.8% |
| Taxes, remuneration and social security | 45 | €353,489 | €250,481 | -€103,008 | -29.1% |
| Taxes | 450/3 | €139,845 | €89,073 | -€50,772 | -36.3% |
| Remuneration and social security | 454/9 | €213,644 | €161,408 | -€52,236 | -24.5% |
| Other amounts payable | 47/48 | €100,000 | €850,000 | +€750,000 | +750.0% |
| Accrued charges and deferred income | 492/3 | €35 | €35 | = | 0.0% |
| Non-recurring operating income | 76A | €720 | €8,001 | +€7,281 | +1011.2% |
| Remuneration, social security and pensions | 62 | €1,471,790 | €1,734,393 | +€262,603 | +17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €485,316 | €502,060 | +€16,744 | +3.5% |
| Other operating charges | 640/8 | €41,407 | €51,157 | +€9,750 | +23.5% |
| Gross operating margin | 9900 | €3,252,134 | €3,554,621 | +€302,488 | +9.3% |
| Operating profit (loss) | 9901 | €1,253,621 | €1,267,012 | +€13,391 | +1.1% |
| Financial income | 75/76B | €58,233 | €56,934 | -€1,299 | -2.2% |
| Recurring financial income | 75 | €58,233 | €56,934 | -€1,299 | -2.2% |
| Financial charges | 65/66B | €157,514 | €154,792 | -€2,723 | -1.7% |
| Recurring financial charges | 65 | €157,514 | €154,792 | -€2,723 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €1,154,339 | €1,169,154 | +€14,815 | +1.3% |
| Income taxes | 67/77 | €272,780 | €274,507 | +€1,727 | +0.6% |
| Profit (loss) for the period | 9904 | €881,559 | €894,647 | +€13,088 | +1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €881,559 | €894,647 | +€13,088 | +1.5% |
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 3 October 2026 via checked.be.