POLY PACKAGING SOLUTIONS: 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.
POLY PACKAGING SOLUTIONS
Largest movements
- Receivables within one year +€268,108
up €268,108 (+85.2%), from €314,747 to €582,854
of which Trade receivables: +€248,179
- Current investments -€200,000
down €200,000 (-100%), from €200,000 to €0
- Tangible fixed assets +€161,147
up €161,147 (+756%), from €21,315 to €182,462
of which Plant, machinery and equipment: +€87,614
- Cash +€47,312
up €47,312 (+55.5%), from €85,182 to €132,494
mainly Current investments (+€200,000) and Trade debts (+€113,340)
- Trade debts +€113,340
up €113,340 (+160%), from €70,675 to €184,015
- Debts after one year +€103,507
up €103,507 (+207%), from €50,000 to €153,507
of which Financial debts: +€153,507
- Reserves +€47,738
up €47,738 (+18.4%), from €259,022 to €306,760
- Current portion of long-term debt +€30,504
new in 2025: €30,504
- Tax, wage and social debts -€14,919
down €14,919 (-36.4%), from €41,004 to €26,084
of which Taxes: -€15,962
- Gross operating margin -€21,644
down €21,644 (-8.9%), from €243,910 to €222,267
- Staff costs +€19,557
up €19,557 (+52.1%), from €37,522 to €57,079
- Taxes -€8,645
down €8,645 (-18.4%), from €46,942 to €38,296
- Financial charges +€6,361
up €6,361 (+61.8%), from €10,287 to €16,648
- Other operating charges +€3,469
up €3,469 (+185%), from €1,874 to €5,343
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 | €722,874 | €1,012,666 | +€289,792 | +40.1% |
| Fixed assets | 21/28 | €21,384 | €188,531 | +€167,147 | +782% |
| Tangible fixed assets | 22/27 | €21,315 | €182,462 | +€161,147 | +756% |
| Plant, machinery and equipment | 23 | - | €87,614 | +€87,614 | |
| Furniture and vehicles | 24 | €21,315 | €94,848 | +€73,533 | +345% |
| Financial fixed assets | 28 | €69 | €6,069 | +€6,000 | +8,644% |
| Current assets | 29/58 | €701,490 | €824,135 | +€122,645 | +17.5% |
| Stocks and contracts in progress | 3 | €100,888 | €104,607 | +€3,719 | +3.7% |
| Stocks | 30/36 | €100,888 | €104,607 | +€3,719 | +3.7% |
| Amounts receivable within one year | 40/41 | €314,747 | €582,854 | +€268,108 | +85.2% |
| Trade receivables | 40 | €286,597 | €534,776 | +€248,179 | +86.6% |
| Other amounts receivable | 41 | €28,150 | €48,078 | +€19,928 | +70.8% |
| Current investments | 50/53 | €200,000 | €0 | -€200,000 | -100% |
| Cash at bank and in hand | 54/58 | €85,182 | €132,494 | +€47,312 | +55.5% |
| Deferred charges and accrued income | 490/1 | €672 | €4,179 | +€3,507 | +522% |
| Total equity and liabilities | 10/49 | €722,874 | €1,012,666 | +€289,792 | +40.1% |
| Equity | 10/15 | €297,614 | €345,706 | +€48,092 | +16.2% |
| Contributions | 10/11 | €38,592 | €38,592 | = | 0.0% |
| Reserves | 13 | €259,022 | €306,760 | +€47,738 | +18.4% |
| Distributable reserves | 133 | €259,022 | €306,760 | +€47,738 | +18.4% |
| Profit (loss) carried forward | 14 | - | €354 | +€354 | |
| Amounts payable | 17/49 | €425,260 | €666,960 | +€241,700 | +56.8% |
| Amounts payable after more than one year | 17 | €50,000 | €153,507 | +€103,507 | +207% |
| Financial debts | 170/4 | - | €153,507 | +€153,507 | |
| Other amounts payable | 178/9 | €50,000 | - | -€50,000 | |
| Amounts payable within one year | 42/48 | €375,260 | €513,453 | +€138,193 | +36.8% |
| Current portion of amounts payable after more than one year | 42 | - | €30,504 | +€30,504 | |
| Trade debts | 44 | €70,675 | €184,015 | +€113,340 | +160% |
| Suppliers | 440/4 | €70,675 | €184,015 | +€113,340 | +160% |
| Taxes, remuneration and social security | 45 | €41,004 | €26,084 | -€14,919 | -36.4% |
| Taxes | 450/3 | €37,949 | €21,987 | -€15,962 | -42.1% |
| Remuneration and social security | 454/9 | €3,055 | €4,097 | +€1,042 | +34.1% |
| Other amounts payable | 47/48 | €263,581 | €272,849 | +€9,268 | +3.5% |
| Remuneration, social security and pensions | 62 | €37,522 | €57,079 | +€19,557 | +52.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,073 | €13,299 | +€227 | +1.7% |
| Other operating charges | 640/8 | €1,874 | €5,343 | +€3,469 | +185% |
| Gross operating margin | 9900 | €243,910 | €222,267 | -€21,644 | -8.9% |
| Operating profit (loss) | 9901 | €191,442 | €146,545 | -€44,897 | -23.5% |
| Financial income | 75/76B | €7,616 | €6,491 | -€1,126 | -14.8% |
| Recurring financial income | 75 | €7,616 | €6,491 | -€1,126 | -14.8% |
| Financial charges | 65/66B | €10,287 | €16,648 | +€6,361 | +61.8% |
| Recurring financial charges | 65 | €10,287 | €16,648 | +€6,361 | +61.8% |
| Profit (loss) for the period before taxes | 9903 | €188,772 | €136,389 | -€52,383 | -27.7% |
| Income taxes | 67/77 | €46,942 | €38,296 | -€8,645 | -18.4% |
| Profit (loss) for the period | 9904 | €141,830 | €98,092 | -€43,738 | -30.8% |
| Profit (loss) for the period to be appropriated | 9905 | €141,830 | €98,092 | -€43,738 | -30.8% |
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 14 October 2026 via checked.be.