POLYPANE GLASINDUSTRIE: what changed
What changed
POLYPANE GLASINDUSTRIE
NACE 23.120, Manufacture of other non-metallic mineral products
filed annual accounts (NBB)
Net result for the year
€362,774
2024 · €1.8m-€1.5m
Equity
€7.4m
2024 · €7.5m-€44,170
Cash
€1.5m
2024 · €2.0m-€537,440
Balance sheet total
€15.6m
2024 · €15.6m+€7,552
Largest movements
Assets
- Current investments -€1.0m
no longer reported in 2025 (was €1.0m)
- Tangible fixed assets +€828,066
up €828,066 (+32.7%), from €2.5m to €3.4m
of which Plant, machinery and equipment: +€1.4m
- Receivables within one year +€563,268
up €563,268 (+7.6%), from €7.4m to €7.9m
of which Trade receivables: +€663,481
- Cash -€537,440
down €537,440 (-26.9%), from €2.0m to €1.5m
mainly Investment in fixed assets (net) (-€1.9m) and Receivables within one year (-€563,268)
- Stocks and contracts +€175,503
up €175,503 (+6.9%), from €2.5m to €2.7m
Equity and liabilities
- Debts after one year +€636,855
up €636,855 (+27.6%), from €2.3m to €2.9m
- Other debts -€535,804
down €535,804 (-49.3%), from €1.1m to €550,000
- Accrued charges and deferred income +€350,748
up €350,748 (+735%), from €47,731 to €398,479
- Provisions -€330,100
down €330,100 (-46.2%), from €715,100 to €385,000
Income statement
- Turnover -€974,823
down €974,823 (-3.1%), from €31.8m to €30.9m
- Other operating charges +€527,246
up €527,246 (+362%), from €145,745 to €672,992
- Taxes -€501,871
down €501,871 (-77.3%), from €649,252 to €147,381
of which Taxes: -€530,314
- Provisions -€383,905
down €383,905, from €53,805 to -€330,100
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
€1.8m
Turnover
-€974,823
Other operating income
+€19,291
Goods and materials
-€196,044
Services and other goods
-€234,700
Staff costs
-€281,844
Depreciation
+€61,007
Write-downs
-€148,441
Provisions
+€383,905
Other operating charges
-€527,246
Other operating items
-€166,863
Financial income
+€113,762
Financial charges
-€2,829
Taxes
+€501,871
Deferred taxes and other
-€1,999
Result 2025
€362,774
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
+€10,780
Investment
-€864,579
Financing
+€316,358
Cash 2024
€2.0m
From operations (derived)
+€10,780
Net result for the year
+€362,774
Depreciation
+€1.0m
Stocks and contracts
-€175,503
Receivables within one year
-€563,268
Deferred charges and accrued income
+€11,489
Provisions
-€330,100
Trade debts
-€65,135
Tax, wage and social debts
-€37,120
Advances received
-€54,170
Other debts
-€535,804
Accrued charges and deferred income
+€350,748
Investment (derived)
-€864,579
Investment in fixed assets (net)
-€1.9m
Current investments
+€1.0m
Financing
+€316,358
Debts after one year
+€636,855
Current portion of long-term debt
+€86,448
Contributions, distributions and other
-€406,944
Cash 2025
€1.5m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,596,909 | €15,604,461 | +€7,552 | 0.0% |
| Fixed assets | 21/28 | €2,580,980 | €3,398,691 | +€817,711 | +31.7% |
| Intangible fixed assets | 21 | €40,945 | €28,190 | -€12,755 | -31.2% |
| Tangible fixed assets | 22/27 | €2,528,965 | €3,357,031 | +€828,066 | +32.7% |
| Plant, machinery and equipment | 23 | €1,275,306 | €2,679,413 | +€1.4m | +110% |
| Furniture and vehicles | 24 | €393,361 | €417,454 | +€24,092 | +6.1% |
| Leasing and similar rights | 25 | €452,897 | €260,164 | -€192,733 | -42.6% |
| Assets under construction and advance payments | 27 | €407,400 | - | -€407,400 | |
| Financial fixed assets | 28 | €11,070 | €13,470 | +€2,400 | +21.7% |
| Companies linked by participating interests | 282/3 | €5,511 | €5,511 | = | 0.0% |
| Participating interests | 282 | €5,511 | €5,511 | = | 0.0% |
| Other financial fixed assets | 284/8 | €5,559 | €7,959 | +€2,400 | +43.2% |
| Amounts receivable and cash guarantees | 285/8 | €5,559 | €7,959 | +€2,400 | +43.2% |
| Current assets | 29/58 | €13,015,929 | €12,205,770 | -€810,159 | -6.2% |
| Stocks and contracts in progress | 3 | €2,542,019 | €2,717,522 | +€175,503 | +6.9% |
| Stocks | 30/36 | €2,542,019 | €2,717,522 | +€175,503 | +6.9% |
| Raw materials and consumables | 30/31 | €1,650,444 | €1,970,681 | +€320,237 | +19.4% |
| Work in progress | 32 | €28,869 | €22,294 | -€6,575 | -22.8% |
| Finished goods | 33 | €862,707 | €724,547 | -€138,159 | -16.0% |
| Amounts receivable within one year | 40/41 | €7,376,009 | €7,939,277 | +€563,268 | +7.6% |
| Trade receivables | 40 | €7,190,074 | €7,853,555 | +€663,481 | +9.2% |
| Other amounts receivable | 41 | €185,934 | €85,722 | -€100,213 | -53.9% |
| Current investments | 50/53 | €1,000,000 | - | -€1.0m | |
| Other investments | 51/53 | €1,000,000 | - | -€1.0m | |
| Cash at bank and in hand | 54/58 | €2,000,312 | €1,462,871 | -€537,440 | -26.9% |
| Deferred charges and accrued income | 490/1 | €97,590 | €86,100 | -€11,489 | -11.8% |
| Total equity and liabilities | 10/49 | €15,596,909 | €15,604,461 | +€7,552 | 0.0% |
| Equity | 10/15 | €7,474,303 | €7,430,133 | -€44,170 | -0.6% |
| Contributions | 10/11 | €613,141 | €613,141 | = | 0.0% |
| Capital | 10 | €613,141 | €613,141 | = | 0.0% |
| Issued capital | 100 | €613,141 | €613,141 | = | 0.0% |
| Reserves | 13 | €6,844,206 | €6,806,980 | -€37,226 | -0.5% |
| Non-distributable reserves | 130/1 | €61,314 | €61,314 | = | 0.0% |
| Legal reserve | 130 | €61,314 | €61,314 | = | 0.0% |
| Tax-exempt reserves | 132 | €35,625 | €35,625 | = | 0.0% |
| Distributable reserves | 133 | €6,747,267 | €6,710,041 | -€37,226 | -0.6% |
| Investment grants | 15 | €16,956 | €10,012 | -€6,944 | -41.0% |
| Provisions and deferred taxes | 16 | €715,100 | €385,000 | -€330,100 | -46.2% |
| Provisions for liabilities and charges | 160/5 | €715,100 | €385,000 | -€330,100 | -46.2% |
| Other liabilities and charges | 164/5 | €715,100 | €385,000 | -€330,100 | -46.2% |
| Amounts payable | 17/49 | €7,407,506 | €7,789,328 | +€381,822 | +5.2% |
| Amounts payable after more than one year | 17 | €2,310,887 | €2,947,742 | +€636,855 | +27.6% |
| Financial debts | 170/4 | €2,310,887 | €2,947,742 | +€636,855 | +27.6% |
| Leasing and similar obligations | 172 | €295,018 | €160,123 | -€134,895 | -45.7% |
| Credit institutions | 173 | €1,415,869 | €2,287,619 | +€871,750 | +61.6% |
| Other loans | 174 | €600,000 | €500,000 | -€100,000 | -16.7% |
| Amounts payable within one year | 42/48 | €5,048,888 | €4,443,106 | -€605,781 | -12.0% |
| Current portion of amounts payable after more than one year | 42 | €739,684 | €826,132 | +€86,448 | +11.7% |
| Trade debts | 44 | €1,814,078 | €1,748,943 | -€65,135 | -3.6% |
| Suppliers | 440/4 | €1,814,078 | €1,748,943 | -€65,135 | -3.6% |
| Advances received on contracts in progress | 46 | €78,131 | €23,961 | -€54,170 | -69.3% |
| Taxes, remuneration and social security | 45 | €1,331,190 | €1,294,071 | -€37,120 | -2.8% |
| Taxes | 450/3 | €282,050 | €156,304 | -€125,746 | -44.6% |
| Remuneration and social security | 454/9 | €1,049,140 | €1,137,767 | +€88,627 | +8.4% |
| Other amounts payable | 47/48 | €1,085,804 | €550,000 | -€535,804 | -49.3% |
| Accrued charges and deferred income | 492/3 | €47,731 | €398,479 | +€350,748 | +735% |
| Operating income | 70/76A | €32,513,867 | €31,391,473 | -€1.1m | -3.5% |
| Turnover | 70 | €31,824,852 | €30,850,029 | -€974,823 | -3.1% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €65,174 | -€101,688 | -€166,863 | |
| Other operating income | 74 | €623,841 | €643,132 | +€19,291 | +3.1% |
| Operating charges | 60/66A | €30,014,672 | €30,958,035 | +€943,364 | +3.1% |
| Goods for resale, raw materials and consumables | 60 | €15,451,813 | €15,647,857 | +€196,044 | +1.3% |
| Purchases | 600/8 | €15,291,987 | €15,980,768 | +€688,781 | +4.5% |
| Change in stocks: decrease (increase) | 609 | €159,826 | -€332,911 | -€492,737 | |
| Services and other goods | 61 | €4,882,315 | €5,117,015 | +€234,700 | +4.8% |
| Remuneration, social security and pensions | 62 | €8,447,277 | €8,729,121 | +€281,844 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,107,875 | €1,046,869 | -€61,007 | -5.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€74,158 | €74,282 | +€148,441 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €53,805 | -€330,100 | -€383,905 | |
| Other operating charges | 640/8 | €145,745 | €672,992 | +€527,246 | +362% |
| Operating profit (loss) | 9901 | €2,499,196 | €433,437 | -€2.1m | -82.7% |
| Financial income | 75/76B | €129,391 | €243,153 | +€113,762 | +87.9% |
| Recurring financial income | 75 | €129,391 | €243,153 | +€113,762 | +87.9% |
| Income from current assets | 751 | €9,011 | €10,387 | +€1,376 | +15.3% |
| Other financial income | 752/9 | €120,380 | €232,766 | +€112,386 | +93.4% |
| Financial charges | 65/66B | €163,606 | €166,435 | +€2,829 | +1.7% |
| Recurring financial charges | 65 | €163,606 | €166,435 | +€2,829 | +1.7% |
| Debt charges | 650 | €73,060 | €77,220 | +€4,160 | +5.7% |
| Other financial charges | 652/9 | €90,546 | €89,216 | -€1,330 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €2,464,981 | €510,155 | -€2.0m | -79.3% |
| Transfer from deferred taxes | 780 | €1,999 | - | -€1,999 | |
| Income taxes | 67/77 | €649,252 | €147,381 | -€501,871 | -77.3% |
| Taxes | 670/3 | €683,408 | €153,094 | -€530,314 | -77.6% |
| Tax adjustments and reversals of tax provisions | 77 | €34,156 | €5,713 | -€28,443 | -83.3% |
| Profit (loss) for the period | 9904 | €1,817,728 | €362,774 | -€1.5m | -80.0% |
| Transfer from tax-exempt reserves | 789 | €5,996 | - | -€5,996 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,823,724 | €362,774 | -€1.5m | -80.1% |
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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 5 November 2026 via checked.be.