POP PLASTICS: 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.
POP PLASTICS
Largest movements
- Receivables within one year +€176,755
up €176,755 (+212%), from €83,332 to €260,088
of which Trade receivables: +€158,836
- Cash +€37,311
up €37,311 (+24.0%), from €155,664 to €192,975
mainly Trade debts (+€90,214) and Net result for the year (+€74,906)
- Stocks and contracts -€25,715
down €25,715 (-36.0%), from €71,507 to €45,792
- Tangible fixed assets -€23,989
down €23,989 (-19.3%), from €124,182 to €100,193
of which Leasing and similar rights: -€26,908
- Deferred charges and accrued income +€6,294
up €6,294 (+1,954%), from €322 to €6,616
- Reserves +€126,300
up €126,300 (+6,014%), from €2,100 to €128,400
of which Tax-exempt reserves: +€126,300
- Trade debts +€90,214
up €90,214 (+204%), from €44,219 to €134,434
- Profit (loss) carried forward -€51,394
down €51,394 (-19.1%), from €269,708 to €218,314
- Other debts +€30,000
new in 2025: €30,000
- Debts after one year -€29,559
down €29,559 (-43.4%), from €68,075 to €38,516
- Gross operating margin +€109,233
up €109,233 (+94.6%), from €115,441 to €224,674
- Staff costs +€28,440
up €28,440 (+61.8%), from €46,004 to €74,444
- Taxes +€23,786
up €23,786 (+383%), from €6,214 to €30,000
- Depreciation +€2,315
up €2,315 (+5.7%), from €40,563 to €42,878
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 | €441,747 | €609,060 | +€167,313 | +37.9% |
| Fixed assets | 21/28 | €130,923 | €103,590 | -€27,333 | -20.9% |
| Intangible fixed assets | 21 | €6,741 | €3,397 | -€3,344 | -49.6% |
| Tangible fixed assets | 22/27 | €124,182 | €100,193 | -€23,989 | -19.3% |
| Plant, machinery and equipment | 23 | €30,489 | €33,408 | +€2,919 | +9.6% |
| Leasing and similar rights | 25 | €93,693 | €66,785 | -€26,908 | -28.7% |
| Current assets | 29/58 | €310,825 | €505,470 | +€194,646 | +62.6% |
| Stocks and contracts in progress | 3 | €71,507 | €45,792 | -€25,715 | -36.0% |
| Stocks | 30/36 | €71,507 | €45,792 | -€25,715 | -36.0% |
| Amounts receivable within one year | 40/41 | €83,332 | €260,088 | +€176,755 | +212% |
| Trade receivables | 40 | €54,967 | €213,803 | +€158,836 | +289% |
| Other amounts receivable | 41 | €28,365 | €46,285 | +€17,919 | +63.2% |
| Cash at bank and in hand | 54/58 | €155,664 | €192,975 | +€37,311 | +24.0% |
| Deferred charges and accrued income | 490/1 | €322 | €6,616 | +€6,294 | +1,954% |
| Total equity and liabilities | 10/49 | €441,747 | €609,060 | +€167,313 | +37.9% |
| Equity | 10/15 | €278,058 | €369,464 | +€91,406 | +32.9% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €2,100 | €128,400 | +€126,300 | +6,014% |
| Tax-exempt reserves | 132 | - | €126,300 | +€126,300 | |
| Distributable reserves | 133 | €2,100 | €2,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €269,708 | €218,314 | -€51,394 | -19.1% |
| Investment grants | 15 | - | €16,500 | +€16,500 | |
| Amounts payable | 17/49 | €163,689 | €239,596 | +€75,906 | +46.4% |
| Amounts payable after more than one year | 17 | €68,075 | €38,516 | -€29,559 | -43.4% |
| Financial debts | 170/4 | €68,075 | €38,516 | -€29,559 | -43.4% |
| Amounts payable within one year | 42/48 | €95,317 | €201,079 | +€105,762 | +111% |
| Current portion of amounts payable after more than one year | 42 | €28,208 | €29,559 | +€1,351 | +4.8% |
| Trade debts | 44 | €44,219 | €134,434 | +€90,214 | +204% |
| Suppliers | 440/4 | €44,219 | €134,434 | +€90,214 | +204% |
| Taxes, remuneration and social security | 45 | €22,890 | €7,087 | -€15,803 | -69.0% |
| Taxes | 450/3 | €19,152 | €982 | -€18,170 | -94.9% |
| Remuneration and social security | 454/9 | €3,738 | €6,105 | +€2,367 | +63.3% |
| Other amounts payable | 47/48 | - | €30,000 | +€30,000 | |
| Accrued charges and deferred income | 492/3 | €297 | - | -€297 | |
| Remuneration, social security and pensions | 62 | €46,004 | €74,444 | +€28,440 | +61.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,563 | €42,878 | +€2,315 | +5.7% |
| Other operating charges | 640/8 | €487 | €166 | -€322 | -66.0% |
| Gross operating margin | 9900 | €115,441 | €224,674 | +€109,233 | +94.6% |
| Operating profit (loss) | 9901 | €28,387 | €107,187 | +€78,800 | +278% |
| Financial income | 75/76B | €1,760 | €2,806 | +€1,046 | +59.5% |
| Recurring financial income | 75 | €1,760 | €2,806 | +€1,046 | +59.5% |
| Financial charges | 65/66B | €6,480 | €5,086 | -€1,394 | -21.5% |
| Recurring financial charges | 65 | €6,480 | €5,086 | -€1,394 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | €23,667 | €104,906 | +€81,239 | +343% |
| Income taxes | 67/77 | €6,214 | €30,000 | +€23,786 | +383% |
| Profit (loss) for the period | 9904 | €17,453 | €74,906 | +€57,453 | +329% |
| Transfer to tax-exempt reserves | 689 | - | €126,300 | +€126,300 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,453 | -€51,394 | -€68,847 |
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 18 October 2026 via checked.be.