Plastivan: 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
Plastivan
NACE 22.210, Manufacture of rubber and plastic products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€1.2m
2024 · €1.0m-€2.2m
Equity
€1.9m
2024 · €3.1m-€1.3m
Cash
€27,074
2024 · €1,013+€26,061
Balance sheet total
€24.1m
2024 · €30.7m-€6.5m
Largest movements
Assets
- Financial fixed assets -€10.2m
down €10.2m (-68.6%), from €14.9m to €4.7m
of which Affiliated companies: -€10.2m
- Tangible fixed assets +€7.9m
up €7.9m (+172.5%), from €4.6m to €12.4m
of which Land and buildings: +€5.7m
- Receivables after one year -€4.0m
no longer reported in 2025 (was €4.0m)
- Receivables within one year -€2.3m
down €2.3m (-69.0%), from €3.4m to €1.0m
of which Trade receivables: -€1.9m
- Stocks and contracts +€1.8m
up €1.8m (+48.5%), from €3.8m to €5.6m
Equity and liabilities
- Debts after one year -€10.0m
down €10.0m (-44.7%), from €22.4m to €12.4m
- Other debts +€4.5m
up €4.5m (+165.8%), from €2.7m to €7.2m
- Profit (loss) carried forward -€1.3m
down €1.3m, from €383,926 to -€876,350
- Tax, wage and social debts +€313,152
up €313,152 (+82.6%), from €379,186 to €692,338
of which Remuneration and social security: +€293,632
Income statement
- Turnover -€12.1m
down €12.1m (-40.9%), from €29.6m to €17.5m
- Goods and materials -€10.1m
down €10.1m (-55.0%), from €18.3m to €8.2m
of which Purchases: -€9.5m
- Financial charges -€1.1m
down €1.1m (-42.5%), from €2.6m to €1.5m
of which Financial charges: -€1.3m
- Services and other goods -€1.0m
down €1.0m (-19.5%), from €5.4m to €4.3m
- Financial income -€684,365
down €684,365 (-42.2%), from €1.6m to €938,252
of which Financial income: -€1.5m
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
€1.0m
Turnover
-€12.1m
Other operating income
-€77,785
Goods and materials
+€10.1m
Services and other goods
+€1.0m
Staff costs
-€473,982
Depreciation
-€132,620
Write-downs
+€40,715
Other operating charges
+€19,340
Other operating items
-€1.0m
Financial income
-€684,365
Financial charges
+€1.1m
Taxes
+€25,109
Result 2025
-€1.2m
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
+€9.5m
Investment
+€556,420
Financing
-€10.1m
Cash 2024
€1,013
From operations (derived)
+€9.5m
Net result for the year
-€1.2m
Depreciation
+€1.4m
Receivables after one year
+€4.0m
Stocks and contracts
-€1.8m
Receivables within one year
+€2.3m
Deferred charges and accrued income
+€97,011
Trade debts
-€261,759
Tax, wage and social debts
+€313,152
Other debts
+€4.5m
Accrued charges and deferred income
+€216,665
Investment (derived)
+€556,420
Investment in fixed assets (net)
+€556,420
Financing
-€10.1m
Debts after one year
-€10.0m
Contributions, distributions and other
-€74,818
Cash 2025
€27,074
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €30,656,644 | €24,148,922 | -€6.5m | -21.2% |
| Fixed assets | 21/28 | €19,476,472 | €17,470,346 | -€2.0m | -10.3% |
| Intangible fixed assets | 21 | - | €337,427 | +€337,427 | |
| Tangible fixed assets | 22/27 | €4,566,658 | €12,446,282 | +€7.9m | +172.5% |
| Land and buildings | 22 | €1,307,370 | €6,959,241 | +€5.7m | +432.3% |
| Plant, machinery and equipment | 23 | €3,081,089 | €5,287,283 | +€2.2m | +71.6% |
| Furniture and vehicles | 24 | €178,199 | €199,758 | +€21,559 | +12.1% |
| Financial fixed assets | 28 | €14,909,814 | €4,686,637 | -€10.2m | -68.6% |
| Affiliated companies | 280/1 | €14,909,302 | €4,662,905 | -€10.2m | -68.7% |
| Participating interests | 280 | €14,909,302 | €4,662,905 | -€10.2m | -68.7% |
| Other financial fixed assets | 284/8 | €512 | €23,732 | +€23,220 | +4535.2% |
| Amounts receivable and cash guarantees | 285/8 | €512 | €23,732 | +€23,220 | +4535.2% |
| Current assets | 29/58 | €11,180,172 | €6,678,576 | -€4.5m | -40.3% |
| Amounts receivable after more than one year | 29 | €3,950,000 | - | -€4.0m | |
| Other amounts receivable | 291 | €3,950,000 | - | -€4.0m | |
| Stocks and contracts in progress | 3 | €3,779,611 | €5,611,733 | +€1.8m | +48.5% |
| Stocks | 30/36 | €3,779,611 | €5,611,733 | +€1.8m | +48.5% |
| Raw materials and consumables | 30/31 | €1,287,780 | €1,944,923 | +€657,143 | +51.0% |
| Work in progress | 32 | - | €105,616 | +€105,616 | |
| Finished goods | 33 | €1,588,278 | €2,724,291 | +€1.1m | +71.5% |
| Goods purchased for resale | 34 | €903,553 | €836,903 | -€66,650 | -7.4% |
| Amounts receivable within one year | 40/41 | €3,350,708 | €1,037,940 | -€2.3m | -69.0% |
| Trade receivables | 40 | €2,711,225 | €854,656 | -€1.9m | -68.5% |
| Other amounts receivable | 41 | €639,483 | €183,284 | -€456,199 | -71.3% |
| Cash at bank and in hand | 54/58 | €1,013 | €27,074 | +€26,061 | +2572.7% |
| Deferred charges and accrued income | 490/1 | €98,840 | €1,829 | -€97,011 | -98.1% |
| Total equity and liabilities | 10/49 | €30,656,644 | €24,148,922 | -€6.5m | -21.2% |
| Equity | 10/15 | €3,141,363 | €1,881,087 | -€1.3m | -40.1% |
| Contributions | 10/11 | €2,500,000 | €2,500,000 | = | 0.0% |
| Capital | 10 | €2,500,000 | €2,500,000 | = | 0.0% |
| Issued capital | 100 | €2,500,000 | €2,500,000 | = | 0.0% |
| Reserves | 13 | €257,437 | €257,437 | = | 0.0% |
| Non-distributable reserves | 130/1 | €250,000 | €250,000 | = | 0.0% |
| Legal reserve | 130 | €250,000 | €250,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,437 | €7,437 | = | 0.0% |
| Profit (loss) carried forward | 14 | €383,926 | -€876,350 | -€1.3m | |
| Amounts payable | 17/49 | €27,515,281 | €22,267,835 | -€5.2m | -19.1% |
| Amounts payable after more than one year | 17 | €22,350,000 | €12,350,000 | -€10.0m | -44.7% |
| Financial debts | 170/4 | €22,350,000 | €12,350,000 | -€10.0m | -44.7% |
| Other loans | 174 | €22,350,000 | €12,350,000 | -€10.0m | -44.7% |
| Amounts payable within one year | 42/48 | €5,115,996 | €9,651,885 | +€4.5m | +88.7% |
| Trade debts | 44 | €2,032,766 | €1,771,007 | -€261,759 | -12.9% |
| Suppliers | 440/4 | €2,032,766 | €1,771,007 | -€261,759 | -12.9% |
| Taxes, remuneration and social security | 45 | €379,186 | €692,338 | +€313,152 | +82.6% |
| Taxes | 450/3 | €65,928 | €85,448 | +€19,520 | +29.6% |
| Remuneration and social security | 454/9 | €313,258 | €606,890 | +€293,632 | +93.7% |
| Other amounts payable | 47/48 | €2,704,044 | €7,188,540 | +€4.5m | +165.8% |
| Accrued charges and deferred income | 492/3 | €49,285 | €265,950 | +€216,665 | +439.6% |
| Operating income | 70/76A | €30,897,330 | €18,244,673 | -€12.7m | -41.0% |
| Turnover | 70 | €29,589,966 | €17,492,350 | -€12.1m | -40.9% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€43,404 | €368,370 | +€411,774 | |
| Other operating income | 74 | €461,738 | €383,953 | -€77,785 | -16.8% |
| Non-recurring operating income | 76A | €889,030 | - | -€889,030 | |
| Operating charges | 60/66A | €28,894,442 | €18,879,678 | -€10.0m | -34.7% |
| Goods for resale, raw materials and consumables | 60 | €18,329,790 | €8,248,834 | -€10.1m | -55.0% |
| Purchases | 600/8 | €17,471,179 | €7,978,362 | -€9.5m | -54.3% |
| Change in stocks: decrease (increase) | 609 | €858,611 | €270,472 | -€588,139 | -68.5% |
| Services and other goods | 61 | €5,367,231 | €4,323,260 | -€1.0m | -19.5% |
| Remuneration, social security and pensions | 62 | €3,725,107 | €4,199,089 | +€473,982 | +12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,317,086 | €1,449,706 | +€132,620 | +10.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €40,715 | - | -€40,715 | |
| Other operating charges | 640/8 | €88,730 | €69,390 | -€19,340 | -21.8% |
| Non-recurring operating charges | 66A | €25,783 | €589,399 | +€563,616 | +2186.0% |
| Operating profit (loss) | 9901 | €2,002,888 | -€635,005 | -€2.6m | |
| Financial income | 75/76B | €1,622,617 | €938,252 | -€684,365 | -42.2% |
| Recurring financial income | 75 | €1,622,617 | €113,459 | -€1.5m | -93.0% |
| Income from financial fixed assets | 750 | €1,456,176 | €19,155 | -€1.4m | -98.7% |
| Income from current assets | 751 | €26,299 | - | -€26,299 | |
| Other financial income | 752/9 | €140,142 | €94,304 | -€45,838 | -32.7% |
| Non-recurring financial income | 76B | - | €824,793 | +€824,793 | |
| Financial charges | 65/66B | €2,588,320 | €1,488,152 | -€1.1m | -42.5% |
| Recurring financial charges | 65 | €2,588,320 | €1,299,542 | -€1.3m | -49.8% |
| Debt charges | 650 | €2,391,004 | €1,119,493 | -€1.3m | -53.2% |
| Other financial charges | 652/9 | €197,316 | €180,049 | -€17,267 | -8.8% |
| Non-recurring financial charges | 66B | - | €188,610 | +€188,610 | |
| Profit (loss) for the period before taxes | 9903 | €1,037,185 | -€1,184,905 | -€2.2m | |
| Income taxes | 67/77 | €25,662 | €553 | -€25,109 | -97.8% |
| Taxes | 670/3 | €25,662 | €1,702 | -€23,960 | -93.4% |
| Tax adjustments and reversals of tax provisions | 77 | - | €1,149 | +€1,149 | |
| Profit (loss) for the period | 9904 | €1,011,523 | -€1,185,458 | -€2.2m | |
| Profit (loss) for the period to be appropriated | 9905 | €1,011,523 | -€1,185,458 | -€2.2m |
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 29 September 2026 via checked.be.