PLASTIC UNION: 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.
What changed
PLASTIC UNION
NACE 22.210, Manufacture of rubber and plastic products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€805,867
2024 · €554,124+€251,742
Equity
€10.7m
2024 · €10.3m+€405,867
Cash
€5.5m
2024 · €4.4m+€1.1m
Balance sheet total
€12.7m
2024 · €12.5m+€154,897
Largest movements
Assets
- Cash +€1.1m
up €1.1m (+24.7%), from €4.4m to €5.5m
mainly Depreciation (+€946,467) and Net result for the year (+€805,867)
- Tangible fixed assets -€670,038
down €670,038 (-17.5%), from €3.8m to €3.2m
of which Plant, machinery and equipment: -€560,473
- Stocks and contracts -€255,332
down €255,332 (-13.8%), from €1.8m to €1.6m
Equity and liabilities
- Reserves +€404,347
up €404,347 (+4.0%), from €10.2m to €10.6m
of which Distributable reserves: +€404,347
- Trade debts -€313,713
down €313,713 (-42.7%), from €735,165 to €421,452
- Other debts +€287,000
up €287,000 (+254%), from €113,000 to €400,000
- Short-term financial debts -€247,894
down €247,894 (-100%), from €247,894 to €0
Income statement
- Goods and materials -€1.3m
down €1.3m (-13.1%), from €10.2m to €8.9m
of which Purchases: -€1.5m
- Turnover -€1.0m
down €1.0m (-6.3%), from €15.9m to €14.9m
- Financial income -€285,064
down €285,064 (-62.4%), from €456,723 to €171,659
- Depreciation -€205,636
down €205,636 (-17.8%), from €1.2m to €946,467
- Services and other goods -€179,543
down €179,543 (-8.2%), from €2.2m to €2.0m
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
€554,124
Turnover
-€1.0m
Other operating income
-€43,232
Goods and materials
+€1.3m
Services and other goods
+€179,543
Staff costs
-€131,311
Depreciation
+€205,636
Write-downs
+€4,280
Other operating charges
-€1,552
Other operating items
+€63,468
Financial income
-€285,064
Financial charges
+€16,065
Taxes
-€84,636
Result 2025
€805,867
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€2.1m
Investment
-€276,429
Financing
-€700,000
Cash 2024
€4.4m
From operations (derived)
+€2.1m
Net result for the year
+€805,867
Depreciation
+€946,467
Stocks and contracts
+€255,332
Receivables within one year
+€3,968
Deferred charges and accrued income
-€3,385
Trade debts
-€313,713
Tax, wage and social debts
+€70,245
Other debts
+€287,000
Accrued charges and deferred income
+€5,499
Investment (derived)
-€276,429
Investment in fixed assets (net)
-€276,429
Financing
-€700,000
Debts after one year
-€52,106
Short-term financial debts
-€247,894
Contributions, distributions and other
-€400,000
Cash 2025
€5.5m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,504,573 | €12,659,470 | +€154,897 | +1.2% |
| Fixed assets | 21/28 | €3,836,573 | €3,166,535 | -€670,038 | -17.5% |
| Tangible fixed assets | 22/27 | €3,836,439 | €3,166,401 | -€670,038 | -17.5% |
| Land and buildings | 22 | €1,384,228 | €1,323,697 | -€60,531 | -4.4% |
| Plant, machinery and equipment | 23 | €2,220,570 | €1,660,097 | -€560,473 | -25.2% |
| Furniture and vehicles | 24 | €231,641 | €182,607 | -€49,034 | -21.2% |
| Financial fixed assets | 28 | €134 | €134 | = | 0.0% |
| Other financial fixed assets | 284/8 | €134 | €134 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €134 | €134 | = | 0.0% |
| Current assets | 29/58 | €8,668,000 | €9,492,935 | +€824,935 | +9.5% |
| Stocks and contracts in progress | 3 | €1,846,681 | €1,591,349 | -€255,332 | -13.8% |
| Stocks | 30/36 | €1,846,681 | €1,591,349 | -€255,332 | -13.8% |
| Raw materials and consumables | 30/31 | €1,134,324 | €991,503 | -€142,822 | -12.6% |
| Work in progress | 32 | €265,573 | €271,120 | +€5,546 | +2.1% |
| Finished goods | 33 | €446,783 | €328,727 | -€118,056 | -26.4% |
| Amounts receivable within one year | 40/41 | €2,428,549 | €2,424,581 | -€3,968 | -0.2% |
| Trade receivables | 40 | €2,397,252 | €2,350,925 | -€46,328 | -1.9% |
| Other amounts receivable | 41 | €31,296 | €73,656 | +€42,360 | +135% |
| Cash at bank and in hand | 54/58 | €4,378,007 | €5,458,857 | +€1.1m | +24.7% |
| Deferred charges and accrued income | 490/1 | €14,764 | €18,148 | +€3,385 | +22.9% |
| Total equity and liabilities | 10/49 | €12,504,573 | €12,659,470 | +€154,897 | +1.2% |
| Equity | 10/15 | €10,300,830 | €10,706,696 | +€405,867 | +3.9% |
| Contributions | 10/11 | €68,419 | €68,419 | = | 0.0% |
| Capital | 10 | €68,419 | €68,419 | = | 0.0% |
| Issued capital | 100 | €68,419 | €68,419 | = | 0.0% |
| Reserves | 13 | €10,232,411 | €10,636,758 | +€404,347 | +4.0% |
| Non-distributable reserves | 130/1 | €6,842 | €6,842 | = | 0.0% |
| Legal reserve | 130 | €6,842 | €6,842 | = | 0.0% |
| Tax-exempt reserves | 132 | €39,916 | €39,916 | = | 0.0% |
| Distributable reserves | 133 | €10,185,653 | €10,590,000 | +€404,347 | +4.0% |
| Profit (loss) carried forward | 14 | €0 | €1,520 | +€1,520 | |
| Amounts payable | 17/49 | €2,203,743 | €1,952,774 | -€250,970 | -11.4% |
| Amounts payable after more than one year | 17 | €600,000 | €547,894 | -€52,106 | -8.7% |
| Financial debts | 170/4 | €600,000 | €300,000 | -€300,000 | -50.0% |
| Credit institutions | 173 | €600,000 | €300,000 | -€300,000 | -50.0% |
| Other amounts payable | 178/9 | - | €247,894 | +€247,894 | |
| Amounts payable within one year | 42/48 | €1,596,893 | €1,392,531 | -€204,362 | -12.8% |
| Current portion of amounts payable after more than one year | 42 | €300,000 | €300,000 | = | 0.0% |
| Financial debts | 43 | €247,894 | €0 | -€247,894 | -100% |
| Other loans | 439 | €247,894 | €0 | -€247,894 | -100% |
| Trade debts | 44 | €735,165 | €421,452 | -€313,713 | -42.7% |
| Suppliers | 440/4 | €735,165 | €421,452 | -€313,713 | -42.7% |
| Taxes, remuneration and social security | 45 | €200,834 | €271,079 | +€70,245 | +35.0% |
| Taxes | 450/3 | €47,414 | €111,039 | +€63,625 | +134% |
| Remuneration and social security | 454/9 | €153,421 | €160,040 | +€6,619 | +4.3% |
| Other amounts payable | 47/48 | €113,000 | €400,000 | +€287,000 | +254% |
| Accrued charges and deferred income | 492/3 | €6,850 | €12,349 | +€5,499 | +80.3% |
| Operating income | 70/76A | €15,966,560 | €14,970,495 | -€996,064 | -6.2% |
| Turnover | 70 | €15,919,769 | €14,912,512 | -€1.0m | -6.3% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€144,829 | -€112,510 | +€32,319 | +22.3% |
| Other operating income | 74 | €173,484 | €130,253 | -€43,232 | -24.9% |
| Non-recurring operating income | 76A | €18,135 | €40,241 | +€22,106 | +122% |
| Operating charges | 60/66A | €15,577,112 | €13,975,670 | -€1.6m | -10.3% |
| Goods for resale, raw materials and consumables | 60 | €10,235,752 | €8,899,950 | -€1.3m | -13.1% |
| Purchases | 600/8 | €10,294,166 | €8,757,129 | -€1.5m | -14.9% |
| Change in stocks: decrease (increase) | 609 | -€58,414 | €142,822 | +€201,235 | |
| Services and other goods | 61 | €2,178,645 | €1,999,102 | -€179,543 | -8.2% |
| Remuneration, social security and pensions | 62 | €1,957,088 | €2,088,399 | +€131,311 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,152,103 | €946,467 | -€205,636 | -17.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,423 | -€6,703 | -€4,280 | -177% |
| Other operating charges | 640/8 | €46,903 | €48,455 | +€1,552 | +3.3% |
| Non-recurring operating charges | 66A | €9,043 | €0 | -€9,043 | -100% |
| Operating profit (loss) | 9901 | €389,448 | €994,825 | +€605,378 | +155% |
| Financial income | 75/76B | €456,723 | €171,659 | -€285,064 | -62.4% |
| Recurring financial income | 75 | €456,723 | €171,659 | -€285,064 | -62.4% |
| Income from current assets | 751 | €8,863 | €36,027 | +€27,164 | +306% |
| Other financial income | 752/9 | €447,860 | €135,632 | -€312,228 | -69.7% |
| Financial charges | 65/66B | €102,597 | €86,532 | -€16,065 | -15.7% |
| Recurring financial charges | 65 | €102,597 | €86,532 | -€16,065 | -15.7% |
| Debt charges | 650 | €38,715 | €30,728 | -€7,987 | -20.6% |
| Other financial charges | 652/9 | €63,882 | €55,804 | -€8,078 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €743,574 | €1,079,952 | +€336,378 | +45.2% |
| Income taxes | 67/77 | €189,449 | €274,085 | +€84,636 | +44.7% |
| Taxes | 670/3 | €189,449 | €274,085 | +€84,636 | +44.7% |
| Profit (loss) for the period | 9904 | €554,124 | €805,867 | +€251,742 | +45.4% |
| Profit (loss) for the period to be appropriated | 9905 | €554,124 | €805,867 | +€251,742 | +45.4% |
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 15 October 2026 via checked.be.