POLYMER PROCESSING: 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
POLYMER PROCESSING
NACE 52.241, Warehousing and support activities for transportation
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€45,624
2024 · €981,567-€1.0m
Equity
€29.0m
2024 · €29.1m-€45,624
Cash
€24,462
2024 · €57,575-€33,113
Balance sheet total
€84.4m
2024 · €81.7m+€2.8m
Largest movements
Assets
- Receivables within one year +€4.5m
up €4.5m (+27.4%), from €16.5m to €21.1m
of which Trade receivables: +€2.7m
- Financial fixed assets -€1.4m
down €1.4m (-2.3%), from €60.9m to €59.5m
of which Other financial fixed assets: -€1.4m
Equity and liabilities
- Short-term financial debts +€29.0m
new in 2025: €29.0m
- Debts after one year -€26.8m
down €26.8m (-68.2%), from €39.3m to €12.5m
- Trade debts +€3.1m
up €3.1m (+34.2%), from €9.0m to €12.1m
- Other debts -€1.6m
down €1.6m (-90.9%), from €1.8m to €162,599
Income statement
- Services and other goods +€6.9m
up €6.9m (+13.6%), from €50.5m to €57.4m
- Turnover +€6.3m
up €6.3m (+11.3%), from €56.1m to €62.4m
- Depreciation -€1.2m
down €1.2m (-54.2%), from €2.2m to €1.0m
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
€981,567
Turnover
+€6.3m
Other operating income
+€594,321
Services and other goods
-€6.9m
Staff costs
-€290,531
Depreciation
+€1.2m
Provisions
-€31,450
Other operating charges
-€130,311
Other operating items
-€1.3m
Financial income
-€448,053
Financial charges
-€132,661
Taxes
+€17,129
Result 2025
-€45,624
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
-€2.3m
Investment
+€945,403
Financing
+€1.4m
Cash 2024
€57,575
From operations (derived)
-€2.3m
Net result for the year
-€45,624
Depreciation
+€1.0m
Receivables within one year
-€4.5m
Deferred charges and accrued income
-€220,423
Smaller working-capital items
+€42,982
Trade debts
+€3.1m
Other debts
-€1.6m
Accrued charges and deferred income
-€79,836
Investment (derived)
+€945,403
Investment in fixed assets (net)
+€945,403
Financing
+€1.4m
Debts after one year
-€26.8m
Current portion of long-term debt
-€783,024
Short-term financial debts
+€29.0m
Cash 2025
€24,462
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €81,666,189 | €84,425,561 | +€2.8m | +3.4% |
| Fixed assets | 21/28 | €64,583,618 | €62,623,493 | -€2.0m | -3.0% |
| Tangible fixed assets | 22/27 | €3,702,086 | €3,127,153 | -€574,933 | -15.5% |
| Land and buildings | 22 | €2,672,181 | €2,085,889 | -€586,292 | -21.9% |
| Plant, machinery and equipment | 23 | €763,657 | €710,205 | -€53,452 | -7.0% |
| Furniture and vehicles | 24 | €266,247 | €331,059 | +€64,811 | +24.3% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Financial fixed assets | 28 | €60,881,532 | €59,496,340 | -€1.4m | -2.3% |
| Affiliated companies | 280/1 | €0 | €0 | = | |
| Amounts receivable | 281 | €0 | €0 | = | |
| Other financial fixed assets | 284/8 | €60,881,532 | €59,496,340 | -€1.4m | -2.3% |
| Shares | 284 | €60,677,608 | €59,325,016 | -€1.4m | -2.2% |
| Amounts receivable and cash guarantees | 285/8 | €203,924 | €171,324 | -€32,600 | -16.0% |
| Current assets | 29/58 | €17,082,571 | €21,802,068 | +€4.7m | +27.6% |
| Amounts receivable within one year | 40/41 | €16,537,957 | €21,070,144 | +€4.5m | +27.4% |
| Trade receivables | 40 | €9,872,315 | €12,523,227 | +€2.7m | +26.9% |
| Other amounts receivable | 41 | €6,665,642 | €8,546,916 | +€1.9m | +28.2% |
| Cash at bank and in hand | 54/58 | €57,575 | €24,462 | -€33,113 | -57.5% |
| Deferred charges and accrued income | 490/1 | €487,040 | €707,462 | +€220,423 | +45.3% |
| Total equity and liabilities | 10/49 | €81,666,189 | €84,425,561 | +€2.8m | +3.4% |
| Equity | 10/15 | €29,054,372 | €29,008,748 | -€45,624 | -0.2% |
| Contributions | 10/11 | €912,000 | €912,000 | = | 0.0% |
| Capital | 10 | €912,000 | €912,000 | = | 0.0% |
| Issued capital | 100 | €912,000 | €912,000 | = | 0.0% |
| Reserves | 13 | €28,142,372 | €28,107,423 | -€34,949 | -0.1% |
| Non-distributable reserves | 130/1 | €91,200 | €91,200 | = | 0.0% |
| Legal reserve | 130 | €91,200 | €91,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €25,699,911 | €25,664,961 | -€34,949 | -0.1% |
| Distributable reserves | 133 | €2,351,261 | €2,351,261 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€10,674 | -€10,674 | |
| Provisions and deferred taxes | 16 | €116,428 | €100,278 | -€16,150 | -13.9% |
| Provisions for liabilities and charges | 160/5 | €54,500 | €50,000 | -€4,500 | -8.3% |
| Environmental obligations | 163 | €54,500 | €50,000 | -€4,500 | -8.3% |
| Deferred taxes | 168 | €61,928 | €50,278 | -€11,650 | -18.8% |
| Amounts payable | 17/49 | €52,495,389 | €55,316,534 | +€2.8m | +5.4% |
| Amounts payable after more than one year | 17 | €39,349,210 | €12,500,000 | -€26.8m | -68.2% |
| Financial debts | 170/4 | €39,349,210 | €12,500,000 | -€26.8m | -68.2% |
| Leasing and similar obligations | 172 | €849,210 | - | -€849,210 | |
| Other loans | 174 | €38,500,000 | €12,500,000 | -€26.0m | -67.5% |
| Amounts payable within one year | 42/48 | €13,042,888 | €42,793,079 | +€29.8m | +228.1% |
| Current portion of amounts payable after more than one year | 42 | €1,632,234 | €849,210 | -€783,024 | -48.0% |
| Financial debts | 43 | - | €29,000,000 | +€29.0m | |
| Other loans | 439 | - | €29,000,000 | +€29.0m | |
| Trade debts | 44 | €9,025,618 | €12,115,105 | +€3.1m | +34.2% |
| Suppliers | 440/4 | €9,025,618 | €12,115,105 | +€3.1m | +34.2% |
| Taxes, remuneration and social security | 45 | €607,033 | €666,165 | +€59,132 | +9.7% |
| Taxes | 450/3 | €101,879 | €107,376 | +€5,497 | +5.4% |
| Remuneration and social security | 454/9 | €505,154 | €558,789 | +€53,635 | +10.6% |
| Other amounts payable | 47/48 | €1,778,002 | €162,599 | -€1.6m | -90.9% |
| Accrued charges and deferred income | 492/3 | €103,292 | €23,455 | -€79,836 | -77.3% |
| Operating income | 70/76A | €57,864,236 | €64,780,343 | +€6.9m | +12.0% |
| Turnover | 70 | €56,108,399 | €62,441,775 | +€6.3m | +11.3% |
| Other operating income | 74 | €1,732,236 | €2,326,557 | +€594,321 | +34.3% |
| Non-recurring operating income | 76A | €23,600 | €12,010 | -€11,590 | -49.1% |
| Operating charges | 60/66A | €57,335,874 | €64,715,587 | +€7.4m | +12.9% |
| Services and other goods | 61 | €50,509,611 | €57,395,106 | +€6.9m | +13.6% |
| Remuneration, social security and pensions | 62 | €3,538,357 | €3,828,888 | +€290,531 | +8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,214,346 | €1,014,722 | -€1.2m | -54.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€35,950 | -€4,500 | +€31,450 | +87.5% |
| Other operating charges | 640/8 | €1,109,510 | €1,239,821 | +€130,311 | +11.7% |
| Non-recurring operating charges | 66A | - | €1,241,550 | +€1.2m | |
| Operating profit (loss) | 9901 | €528,361 | €64,756 | -€463,605 | -87.7% |
| Financial income | 75/76B | €1,933,070 | €1,485,017 | -€448,053 | -23.2% |
| Recurring financial income | 75 | €1,337,309 | €1,485,017 | +€147,708 | +11.0% |
| Income from financial fixed assets | 750 | €1,314,458 | €1,381,116 | +€66,658 | +5.1% |
| Income from current assets | 751 | €1,643 | - | -€1,643 | |
| Other financial income | 752/9 | €21,208 | €103,901 | +€82,693 | +389.9% |
| Non-recurring financial income | 76B | €595,761 | - | -€595,761 | |
| Financial charges | 65/66B | €1,476,620 | €1,609,281 | +€132,661 | +9.0% |
| Recurring financial charges | 65 | €1,476,620 | €1,416,941 | -€59,679 | -4.0% |
| Debt charges | 650 | €1,457,573 | €1,394,078 | -€63,494 | -4.4% |
| Other financial charges | 652/9 | €19,047 | €22,862 | +€3,816 | +20.0% |
| Non-recurring financial charges | 66B | - | €192,340 | +€192,340 | |
| Profit (loss) for the period before taxes | 9903 | €984,812 | -€59,508 | -€1.0m | |
| Transfer from deferred taxes | 780 | €11,650 | €11,650 | = | 0.0% |
| Income taxes | 67/77 | €14,894 | -€2,234 | -€17,129 | |
| Taxes | 670/3 | €14,894 | €1 | -€14,893 | -100.0% |
| Tax adjustments and reversals of tax provisions | 77 | - | €2,236 | +€2,236 | |
| Profit (loss) for the period | 9904 | €981,567 | -€45,624 | -€1.0m | |
| Transfer from tax-exempt reserves | 789 | €34,949 | €34,949 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,016,517 | -€10,674 | -€1.0m |
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 1 October 2026 via checked.be.