POLYPAK EUROPE: 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.
POLYPAK EUROPE
Largest movements
- Cash +€127,457
up €127,457 (+47.3%), from €269,740 to €397,198
mainly Debts after one year (+€52,000) and Net result for the year (+€49,004)
- Stocks and contracts +€13,502
up €13,502 (+101%), from €13,310 to €26,813
- Tangible fixed assets -€13,449
down €13,449 (-10.5%), from €127,888 to €114,439
of which Furniture and vehicles: -€7,116
- Debts after one year +€52,000
up €52,000 (+53.6%), from €97,058 to €149,058
- Reserves +€49,100
up €49,100 (+18.5%), from €265,874 to €314,974
of which Distributable reserves: +€49,100
- Trade debts +€20,262
up €20,262 (+7,342%), from €276 to €20,538
- Other debts +€5,531
up €5,531 (+48.2%), from €11,467 to €16,998
- Gross operating margin +€63,242
up €63,242 (+186%), from €34,028 to €97,270
- Taxes +€19,464
up €19,464 (+513%), from €3,792 to €23,256
- Financial charges +€2,225
up €2,225 (+27.9%), from €7,971 to €10,197
- Write-downs +€1,514
up €1,514, from -€1,056 to €458
- Depreciation +€1,015
up €1,015 (+8.2%), from €12,433 to €13,449
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 | €412,778 | €542,029 | +€129,252 | +31.3% |
| Fixed assets | 21/28 | €127,888 | €114,439 | -€13,449 | -10.5% |
| Tangible fixed assets | 22/27 | €127,888 | €114,439 | -€13,449 | -10.5% |
| Land and buildings | 22 | €117,600 | €111,268 | -€6,333 | -5.4% |
| Furniture and vehicles | 24 | €10,287 | €3,172 | -€7,116 | -69.2% |
| Current assets | 29/58 | €284,890 | €427,590 | +€142,700 | +50.1% |
| Stocks and contracts in progress | 3 | €13,310 | €26,813 | +€13,502 | +101% |
| Stocks | 30/36 | €13,310 | €26,813 | +€13,502 | +101% |
| Amounts receivable within one year | 40/41 | €1,303 | €2,499 | +€1,196 | +91.8% |
| Trade receivables | 40 | €397 | €397 | = | 0.0% |
| Other amounts receivable | 41 | €907 | €2,103 | +€1,196 | +132% |
| Current investments | 50/53 | €31 | €31 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €269,740 | €397,198 | +€127,457 | +47.3% |
| Deferred charges and accrued income | 490/1 | €505 | €1,049 | +€544 | +108% |
| Total equity and liabilities | 10/49 | €412,778 | €542,029 | +€129,252 | +31.3% |
| Equity | 10/15 | €286,014 | €335,018 | +€49,004 | +17.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €265,874 | €314,974 | +€49,100 | +18.5% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €32,774 | €32,774 | = | 0.0% |
| Distributable reserves | 133 | €231,100 | €280,200 | +€49,100 | +21.2% |
| Profit (loss) carried forward | 14 | €140 | €44 | -€96 | -68.7% |
| Amounts payable | 17/49 | €126,764 | €207,012 | +€80,248 | +63.3% |
| Amounts payable after more than one year | 17 | €97,058 | €149,058 | +€52,000 | +53.6% |
| Financial debts | 170/4 | €97,058 | €149,058 | +€52,000 | +53.6% |
| Amounts payable within one year | 42/48 | €26,705 | €54,944 | +€28,238 | +106% |
| Financial debts | 43 | €7,902 | €9,973 | +€2,071 | +26.2% |
| Credit institutions | 430/8 | €7,902 | €9,973 | +€2,071 | +26.2% |
| Trade debts | 44 | €276 | €20,538 | +€20,262 | +7,342% |
| Suppliers | 440/4 | €276 | €20,538 | +€20,262 | +7,342% |
| Taxes, remuneration and social security | 45 | €7,060 | €7,434 | +€374 | +5.3% |
| Taxes | 450/3 | €7,060 | €7,416 | +€356 | +5.0% |
| Remuneration and social security | 454/9 | - | €18 | +€18 | |
| Other amounts payable | 47/48 | €11,467 | €16,998 | +€5,531 | +48.2% |
| Accrued charges and deferred income | 492/3 | €3,000 | €3,010 | +€10 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,433 | €13,449 | +€1,015 | +8.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,056 | €458 | +€1,514 | |
| Other operating charges | 640/8 | €1,389 | €1,401 | +€12 | +0.8% |
| Gross operating margin | 9900 | €34,028 | €97,270 | +€63,242 | +186% |
| Operating profit (loss) | 9901 | €21,262 | €81,963 | +€60,701 | +285% |
| Financial income | 75/76B | €502 | €494 | -€9 | -1.7% |
| Recurring financial income | 75 | €502 | €494 | -€9 | -1.7% |
| Financial charges | 65/66B | €7,971 | €10,197 | +€2,225 | +27.9% |
| Recurring financial charges | 65 | €7,971 | €10,197 | +€2,225 | +27.9% |
| Profit (loss) for the period before taxes | 9903 | €13,793 | €72,260 | +€58,467 | +424% |
| Income taxes | 67/77 | €3,792 | €23,256 | +€19,464 | +513% |
| Profit (loss) for the period | 9904 | €10,000 | €49,004 | +€39,003 | +390% |
| Profit (loss) for the period to be appropriated | 9905 | €10,000 | €49,004 | +€39,003 | +390% |
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.