POLYPLAST: what changed
What changed
POLYPLAST
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
€2,967
2024 · -€33,704+€36,671
Equity
€115,021
2024 · €112,054+€2,967
Cash
€29,224
2024 · €1,162+€28,061
Balance sheet total
€380,985
2024 · €379,807+€1,178
Largest movements
Assets
- Tangible fixed assets -€49,895
down €49,895 (-37.3%), from €133,705 to €83,810
of which Leasing and similar rights: -€25,125
- Cash +€28,061
up €28,061 (+2,414%), from €1,162 to €29,224
mainly Trade debts (+€47,263) and Depreciation (+€37,511)
- Receivables within one year +€23,356
up €23,356 (+13.6%), from €171,421 to €194,777
of which Other amounts receivable: +€12,272
Equity and liabilities
- Debts after one year -€60,419
down €60,419 (-47.2%), from €128,078 to €67,659
- Trade debts +€47,263
up €47,263 (+68.7%), from €68,751 to €116,014
- Current portion of long-term debt +€10,357
up €10,357 (+20.7%), from €50,062 to €60,419
Income statement
- Staff costs -€64,595
down €64,595 (-17.1%), from €376,842 to €312,247
- Gross operating margin -€38,121
down €38,121 (-9.6%), from €395,647 to €357,525
- Depreciation -€8,896
down €8,896 (-19.2%), from €46,407 to €37,511
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
-€33,704
Gross operating margin
-€38,121
Staff costs
+€64,595
Depreciation
+€8,896
Other operating charges
+€1,950
Financial income
-€918
Financial charges
+€269
Result 2025
€2,967
raises the resultlowers the result
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
+€67,197
Investment
+€12,383
Financing
-€51,519
Cash 2024
€1,162
From operations (derived)
+€67,197
Net result for the year
+€2,967
Depreciation
+€37,511
Stocks and contracts
-€356
Receivables within one year
-€23,356
Deferred charges and accrued income
+€700
Trade debts
+€47,263
Tax, wage and social debts
+€1,619
Other debts
+€849
Investment (derived)
+€12,383
Investment in fixed assets (net)
+€12,383
Financing
-€51,519
Debts after one year
-€60,419
Current portion of long-term debt
+€10,357
Short-term financial debts
-€1,457
Cash 2025
€29,224
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €379,807 | €380,985 | +€1,178 | +0.3% |
| Fixed assets | 21/28 | €133,705 | €83,810 | -€49,895 | -37.3% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €133,705 | €83,810 | -€49,895 | -37.3% |
| Plant, machinery and equipment | 23 | €9,394 | €6,304 | -€3,091 | -32.9% |
| Furniture and vehicles | 24 | €17,694 | €0 | -€17,694 | -100% |
| Leasing and similar rights | 25 | €90,676 | €65,551 | -€25,125 | -27.7% |
| Other tangible fixed assets | 26 | €15,941 | €11,956 | -€3,985 | -25.0% |
| Current assets | 29/58 | €246,102 | €297,175 | +€51,073 | +20.8% |
| Stocks and contracts in progress | 3 | €72,818 | €73,174 | +€356 | +0.5% |
| Stocks | 30/36 | €72,818 | €73,174 | +€356 | +0.5% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €171,421 | €194,777 | +€23,356 | +13.6% |
| Trade receivables | 40 | €94,336 | €105,419 | +€11,084 | +11.7% |
| Other amounts receivable | 41 | €77,086 | €89,358 | +€12,272 | +15.9% |
| Cash at bank and in hand | 54/58 | €1,162 | €29,224 | +€28,061 | +2,414% |
| Deferred charges and accrued income | 490/1 | €700 | €0 | -€700 | -100% |
| Total equity and liabilities | 10/49 | €379,807 | €380,985 | +€1,178 | +0.3% |
| Equity | 10/15 | €112,054 | €115,021 | +€2,967 | +2.6% |
| Contributions | 10/11 | €122,000 | €122,000 | = | 0.0% |
| Capital | 10 | €122,000 | €122,000 | = | 0.0% |
| Issued capital | 100 | €122,000 | €122,000 | = | 0.0% |
| Reserves | 13 | €12,656 | €12,656 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,200 | €12,200 | = | 0.0% |
| Legal reserve | 130 | €12,200 | €12,200 | = | 0.0% |
| Distributable reserves | 133 | €456 | €456 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,602 | -€19,635 | +€2,967 | +13.1% |
| Amounts payable | 17/49 | €267,753 | €265,964 | -€1,788 | -0.7% |
| Amounts payable after more than one year | 17 | €128,078 | €67,659 | -€60,419 | -47.2% |
| Financial debts | 170/4 | €128,078 | €67,659 | -€60,419 | -47.2% |
| Amounts payable within one year | 42/48 | €139,674 | €198,305 | +€58,631 | +42.0% |
| Current portion of amounts payable after more than one year | 42 | €50,062 | €60,419 | +€10,357 | +20.7% |
| Financial debts | 43 | €1,457 | €0 | -€1,457 | -100% |
| Credit institutions | 430/8 | €1,457 | €0 | -€1,457 | -100% |
| Trade debts | 44 | €68,751 | €116,014 | +€47,263 | +68.7% |
| Suppliers | 440/4 | €68,751 | €116,014 | +€47,263 | +68.7% |
| Taxes, remuneration and social security | 45 | €115 | €1,733 | +€1,619 | +1,413% |
| Taxes | 450/3 | €115 | €0 | -€115 | -100% |
| Remuneration and social security | 454/9 | €0 | €1,733 | +€1,733 | |
| Other amounts payable | 47/48 | €19,290 | €20,139 | +€849 | +4.4% |
| Remuneration, social security and pensions | 62 | €376,842 | €312,247 | -€64,595 | -17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,407 | €37,511 | -€8,896 | -19.2% |
| Other operating charges | 640/8 | €5,696 | €3,746 | -€1,950 | -34.2% |
| Gross operating margin | 9900 | €395,647 | €357,525 | -€38,121 | -9.6% |
| Operating profit (loss) | 9901 | -€33,299 | €4,021 | +€37,320 | |
| Financial income | 75/76B | €6,456 | €5,538 | -€918 | -14.2% |
| Recurring financial income | 75 | €6,456 | €5,538 | -€918 | -14.2% |
| Financial charges | 65/66B | €6,861 | €6,592 | -€269 | -3.9% |
| Recurring financial charges | 65 | €6,861 | €6,592 | -€269 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | -€33,704 | €2,967 | +€36,671 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€33,704 | €2,967 | +€36,671 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,704 | €2,967 | +€36,671 |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 2 November 2026 via checked.be.