PLASTIREC: what changed
What changed
PLASTIREC
NACE 46.872, Wholesale trade
filed annual accounts (NBB)
Net result for the year
-€186,221
2024 · -€563,774+€377,553
Equity
€611,344
2024 · €832,566-€221,221
Cash
€77,077
2024 · €55,446+€21,631
Balance sheet total
€3.1m
2024 · €3.7m-€582,109
Largest movements
Assets
- Tangible fixed assets -€464,663
down €464,663 (-19.2%), from €2.4m to €2.0m
of which Leasing and similar rights: -€312,987
- Stocks and contracts -€104,830
down €104,830 (-14.2%), from €739,385 to €634,555
- Receivables within one year -€61,088
down €61,088 (-14.4%), from €425,543 to €364,455
of which Trade receivables: -€55,326
Equity and liabilities
- Debts after one year -€281,469
down €281,469 (-21.2%), from €1.3m to €1.0m
- Reserves -€188,470
down €188,470 (-26.4%), from €714,295 to €525,825
of which Distributable reserves: -€188,470
- Trade debts -€101,281
down €101,281 (-18.9%), from €535,844 to €434,563
- Other debts +€46,810
up €46,810 (+48.9%), from €95,652 to €142,462
Income statement
- Gross operating margin +€468,553
up €468,553 (+53.2%), from €880,765 to €1.3m
- Staff costs +€117,959
up €117,959 (+15.2%), from €774,820 to €892,779
- Financial charges -€14,777
down €14,777 (-18.2%), from €81,192 to €66,415
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€563,774
Gross operating margin
+€468,553
Staff costs
-€117,959
Depreciation
+€7,362
Other operating charges
-€9,076
Other operating items
+€12,825
Financial income
+€2,228
Financial charges
+€14,777
Taxes
-€1,157
Result 2025
-€186,221
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€399,742
Investment
-€48,482
Financing
-€329,629
Cash 2024
€55,446
From operations (derived)
+€399,742
Net result for the year
-€186,221
Depreciation
+€514,485
Stocks and contracts
+€104,830
Receivables within one year
+€61,088
Deferred charges and accrued income
-€28,181
Trade debts
-€101,281
Tax, wage and social debts
-€1,497
Other debts
+€46,810
Accrued charges and deferred income
-€10,290
Investment (derived)
-€48,482
Investment in fixed assets (net)
-€48,482
Financing
-€329,629
Debts after one year
-€281,469
Current portion of long-term debt
-€13,160
Contributions, distributions and other
-€35,000
Cash 2025
€77,077
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,721,660 | €3,139,551 | -€582,109 | -15.6% |
| Fixed assets | 21/28 | €2,446,584 | €1,980,581 | -€466,003 | -19.0% |
| Intangible fixed assets | 21 | €3,951 | €2,610 | -€1,340 | -33.9% |
| Tangible fixed assets | 22/27 | €2,426,009 | €1,961,346 | -€464,663 | -19.2% |
| Plant, machinery and equipment | 23 | €580,388 | €422,985 | -€157,403 | -27.1% |
| Furniture and vehicles | 24 | €48,383 | €54,111 | +€5,728 | +11.8% |
| Leasing and similar rights | 25 | €1,797,238 | €1,484,250 | -€312,987 | -17.4% |
| Financial fixed assets | 28 | €16,625 | €16,625 | = | 0.0% |
| Current assets | 29/58 | €1,275,076 | €1,158,970 | -€116,106 | -9.1% |
| Stocks and contracts in progress | 3 | €739,385 | €634,555 | -€104,830 | -14.2% |
| Stocks | 30/36 | €739,385 | €634,555 | -€104,830 | -14.2% |
| Amounts receivable within one year | 40/41 | €425,543 | €364,455 | -€61,088 | -14.4% |
| Trade receivables | 40 | €344,268 | €288,942 | -€55,326 | -16.1% |
| Other amounts receivable | 41 | €81,275 | €75,513 | -€5,762 | -7.1% |
| Cash at bank and in hand | 54/58 | €55,446 | €77,077 | +€21,631 | +39.0% |
| Deferred charges and accrued income | 490/1 | €54,702 | €82,883 | +€28,181 | +51.5% |
| Total equity and liabilities | 10/49 | €3,721,660 | €3,139,551 | -€582,109 | -15.6% |
| Equity | 10/15 | €832,566 | €611,344 | -€221,221 | -26.6% |
| Contributions | 10/11 | €55,489 | €55,489 | = | 0.0% |
| Capital | 10 | €55,489 | €55,489 | = | 0.0% |
| Issued capital | 100 | €55,489 | €55,489 | = | 0.0% |
| Revaluation surpluses | 12 | €60,590 | €27,839 | -€32,751 | -54.1% |
| Reserves | 13 | €714,295 | €525,825 | -€188,470 | -26.4% |
| Non-distributable reserves | 130/1 | €5,549 | €5,549 | = | 0.0% |
| Legal reserve | 130 | €5,549 | €5,549 | = | 0.0% |
| Distributable reserves | 133 | €708,746 | €520,276 | -€188,470 | -26.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €2,191 | €2,191 | = | 0.0% |
| Amounts payable | 17/49 | €2,889,095 | €2,528,207 | -€360,887 | -12.5% |
| Amounts payable after more than one year | 17 | €1,330,618 | €1,049,149 | -€281,469 | -21.2% |
| Financial debts | 170/4 | €1,330,618 | €1,049,149 | -€281,469 | -21.2% |
| Amounts payable within one year | 42/48 | €1,527,225 | €1,458,096 | -€69,128 | -4.5% |
| Current portion of amounts payable after more than one year | 42 | €308,936 | €295,776 | -€13,160 | -4.3% |
| Financial debts | 43 | €470,000 | €470,000 | = | 0.0% |
| Credit institutions | 430/8 | €470,000 | €470,000 | = | 0.0% |
| Trade debts | 44 | €535,844 | €434,563 | -€101,281 | -18.9% |
| Suppliers | 440/4 | €535,844 | €434,563 | -€101,281 | -18.9% |
| Taxes, remuneration and social security | 45 | €116,792 | €115,295 | -€1,497 | -1.3% |
| Taxes | 450/3 | €5,370 | €10,606 | +€5,237 | +97.5% |
| Remuneration and social security | 454/9 | €111,422 | €104,689 | -€6,733 | -6.0% |
| Other amounts payable | 47/48 | €95,652 | €142,462 | +€46,810 | +48.9% |
| Accrued charges and deferred income | 492/3 | €31,252 | €20,961 | -€10,290 | -32.9% |
| Non-recurring operating income | 76A | €0 | €71,155 | +€71,155 | |
| Remuneration, social security and pensions | 62 | €774,820 | €892,779 | +€117,959 | +15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €521,847 | €514,485 | -€7,362 | -1.4% |
| Other operating charges | 640/8 | €54,288 | €63,364 | +€9,076 | +16.7% |
| Non-recurring operating charges | 66A | €12,825 | €0 | -€12,825 | -100% |
| Gross operating margin | 9900 | €880,765 | €1,349,318 | +€468,553 | +53.2% |
| Operating profit (loss) | 9901 | -€483,014 | -€121,309 | +€361,705 | +74.9% |
| Financial income | 75/76B | €1,018 | €3,246 | +€2,228 | +219% |
| Recurring financial income | 75 | €1,018 | €3,246 | +€2,228 | +219% |
| Financial charges | 65/66B | €81,192 | €66,415 | -€14,777 | -18.2% |
| Recurring financial charges | 65 | €81,192 | €66,415 | -€14,777 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | -€563,188 | -€184,478 | +€378,709 | +67.2% |
| Income taxes | 67/77 | €587 | €1,743 | +€1,157 | +197% |
| Profit (loss) for the period | 9904 | -€563,774 | -€186,221 | +€377,553 | +67.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€563,774 | -€186,221 | +€377,553 | +67.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.