POLYSIERTEGELS: 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.
What changed
POLYSIERTEGELS
NACE 22.210, Manufacture of rubber and plastic products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€11,207
2024 · €25,796-€14,589
Equity
€747,235
2024 · €736,028+€11,207
Cash
€26,277
2024 · €42,833-€16,556
Balance sheet total
€3.3m
2024 · €3.3m-€66,592
Largest movements
Assets
- Tangible fixed assets -€84,015
down €84,015 (-11.7%), from €719,903 to €635,887
of which Land and buildings: -€60,566
Equity and liabilities
- Debts after one year -€164,888
down €164,888 (-10.2%), from €1.6m to €1.5m
- Other debts +€81,811
up €81,811 (+10.5%), from €776,478 to €858,288
Income statement
- Gross operating margin -€9,963
down €9,963 (-5.1%), from €194,717 to €184,754
- Depreciation +€7,963
up €7,963 (+7.2%), from €109,841 to €117,804
- Financial charges -€3,689
down €3,689 (-15.5%), from €23,770 to €20,081
- Taxes +€3,191
up €3,191, from -€492 to €2,700
- Other operating charges -€2,840
down €2,840 (-7.9%), from €35,802 to €32,962
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
€25,796
Gross operating margin
-€9,963
Depreciation
-€7,963
Other operating charges
+€2,840
Financial income
+€0
Financial charges
+€3,689
Taxes
-€3,191
Result 2025
€11,207
raises the resultlowers the result
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.
From operations
+€150,609
Investment
-€33,789
Financing
-€133,376
Cash 2024
€42,833
From operations (derived)
+€150,609
Net result for the year
+€11,207
Depreciation
+€117,804
Receivables within one year
-€27,302
Deferred charges and accrued income
-€6,677
Trade debts
-€26,133
Smaller working-capital items
-€100
Other debts
+€81,811
Investment (derived)
-€33,789
Investment in fixed assets (net)
-€33,789
Financing
-€133,376
Debts after one year
-€164,888
Current portion of long-term debt
+€31,511
Cash 2025
€26,277
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,338,274 | €3,271,682 | -€66,592 | -2.0% |
| Fixed assets | 21/28 | €2,599,903 | €2,515,887 | -€84,015 | -3.2% |
| Tangible fixed assets | 22/27 | €719,903 | €635,887 | -€84,015 | -11.7% |
| Land and buildings | 22 | €549,598 | €489,032 | -€60,566 | -11.0% |
| Plant, machinery and equipment | 23 | €170,304 | €123,834 | -€46,470 | -27.3% |
| Furniture and vehicles | 24 | - | €4,953 | +€4,953 | |
| Leasing and similar rights | 25 | - | €18,068 | +€18,068 | |
| Financial fixed assets | 28 | €1,880,000 | €1,880,000 | = | 0.0% |
| Current assets | 29/58 | €738,371 | €755,795 | +€17,424 | +2.4% |
| Amounts receivable within one year | 40/41 | €638,024 | €665,326 | +€27,302 | +4.3% |
| Trade receivables | 40 | €87,024 | €28,000 | -€59,024 | -67.8% |
| Other amounts receivable | 41 | €551,000 | €637,326 | +€86,326 | +15.7% |
| Cash at bank and in hand | 54/58 | €42,833 | €26,277 | -€16,556 | -38.7% |
| Deferred charges and accrued income | 490/1 | €57,514 | €64,191 | +€6,677 | +11.6% |
| Total equity and liabilities | 10/49 | €3,338,274 | €3,271,682 | -€66,592 | -2.0% |
| Equity | 10/15 | €736,028 | €747,235 | +€11,207 | +1.5% |
| Contributions | 10/11 | €92,960 | €92,960 | = | 0.0% |
| Capital | 10 | €92,960 | €92,960 | = | 0.0% |
| Issued capital | 100 | €92,960 | €92,960 | = | 0.0% |
| Revaluation surpluses | 12 | €8,625 | €8,625 | = | 0.0% |
| Reserves | 13 | €306,220 | €306,220 | = | 0.0% |
| Non-distributable reserves | 130/1 | €97,015 | €97,015 | = | 0.0% |
| Legal reserve | 130 | €94,784 | €94,784 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,231 | €2,231 | = | 0.0% |
| Tax-exempt reserves | 132 | €209,205 | €209,205 | = | 0.0% |
| Profit (loss) carried forward | 14 | €328,223 | €339,431 | +€11,207 | +3.4% |
| Amounts payable | 17/49 | €2,602,246 | €2,524,447 | -€77,799 | -3.0% |
| Amounts payable after more than one year | 17 | €1,620,008 | €1,455,120 | -€164,888 | -10.2% |
| Financial debts | 170/4 | €1,620,008 | €1,455,120 | -€164,888 | -10.2% |
| Amounts payable within one year | 42/48 | €981,938 | €1,069,327 | +€87,389 | +8.9% |
| Current portion of amounts payable after more than one year | 42 | €173,479 | €204,991 | +€31,511 | +18.2% |
| Trade debts | 44 | €31,238 | €5,105 | -€26,133 | -83.7% |
| Suppliers | 440/4 | €31,238 | €5,105 | -€26,133 | -83.7% |
| Taxes, remuneration and social security | 45 | €743 | €942 | +€200 | +26.9% |
| Taxes | 450/3 | €743 | €942 | +€200 | +26.9% |
| Other amounts payable | 47/48 | €776,478 | €858,288 | +€81,811 | +10.5% |
| Accrued charges and deferred income | 492/3 | €300 | - | -€300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,841 | €117,804 | +€7,963 | +7.2% |
| Other operating charges | 640/8 | €35,802 | €32,962 | -€2,840 | -7.9% |
| Gross operating margin | 9900 | €194,717 | €184,754 | -€9,963 | -5.1% |
| Operating profit (loss) | 9901 | €49,074 | €33,988 | -€15,087 | -30.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €23,770 | €20,081 | -€3,689 | -15.5% |
| Recurring financial charges | 65 | €23,770 | €20,081 | -€3,689 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €25,304 | €13,907 | -€11,398 | -45.0% |
| Income taxes | 67/77 | -€492 | €2,700 | +€3,191 | |
| Profit (loss) for the period | 9904 | €25,796 | €11,207 | -€14,589 | -56.6% |
| Profit (loss) for the period to be appropriated | 9905 | €25,796 | €11,207 | -€14,589 | -56.6% |
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 28 October 2026 via checked.be.