Resiglass: 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
Resiglass
NACE 64.210, Activities of holding companies
financial year 31-12-2023 against 31-12-2024filed annual accounts (NBB)
Net result for the year
-€57,539
31-12-2023 · -€102,381+€44,842
Equity
€16.3m
31-12-2023 · €16.4m-€57,539
Cash
€169,073
31-12-2023 · €561,293-€392,220
Balance sheet total
€28.3m
31-12-2023 · €29.3m-€932,949
Largest movements
Assets
- Cash -€392,220
down €392,220 (-69.9%), from €561,293 to €169,073
mainly Other debts (-€4.9m) and Net result for the year (-€57,539)
- Receivables within one year -€343,640
down €343,640 (-84.6%), from €406,197 to €62,557
of which Trade receivables: -€343,640
Equity and liabilities
- Other debts -€4.9m
down €4.9m (-97.3%), from €5.1m to €135,816
- Debts after one year +€4.1m
up €4.1m (+56.1%), from €7.3m to €11.4m
Income statement
- Turnover +€441,373
up €441,373 (+46.8%), from €943,200 to €1.4m
- Financial charges +€198,849
up €198,849 (+31.8%), from €625,774 to €824,623
- Services and other goods +€158,718
up €158,718 (+35.1%), from €452,815 to €611,533
- Depreciation +€52,386
up €52,386 (+97.3%), from €53,841 to €106,228
From the 31-12-2023 result to the 31-12-2024 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 31-12-2023
-€102,381
Turnover
+€441,373
Services and other goods
-€158,718
Depreciation
-€52,386
Other operating charges
-€12
Financial income
+€13,434
Financial charges
-€198,849
Result 31-12-2024
-€57,539
Cash bridge derived
Derived from the 31-12-2023 and 31-12-2024 balance sheets and the 31-12-2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€4.6m
Investment
+€90,858
Financing
+€4.1m
Cash 31-12-2023
€561,293
From operations (derived)
-€4.6m
Net result for the year
-€57,539
Depreciation
+€106,228
Receivables within one year
+€343,640
Smaller working-capital items
+€752
Tax, wage and social debts
-€53,175
Other debts
-€4.9m
Investment (derived)
+€90,858
Investment in fixed assets (net)
+€90,858
Financing
+€4.1m
Debts after one year
+€4.1m
Current portion of long-term debt
+€1
Cash 31-12-2024
€169,073
Every line side by side
| Line | Code | 31-12-2023 | 31-12-2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €29,282,751 | €28,349,803 | -€932,949 | -3.2% |
| Formation expenses | 20 | €956,050 | €849,822 | -€106,228 | -11.1% |
| Fixed assets | 21/28 | €27,356,776 | €27,265,918 | -€90,858 | -0.3% |
| Financial fixed assets | 28 | €27,356,776 | €27,265,918 | -€90,858 | -0.3% |
| Affiliated companies | 280/1 | €27,356,776 | €27,265,918 | -€90,858 | -0.3% |
| Participating interests | 280 | €25,000,000 | €25,000,000 | = | 0.0% |
| Amounts receivable | 281 | €2,356,776 | €2,265,918 | -€90,858 | -3.9% |
| Current assets | 29/58 | €969,925 | €234,063 | -€735,862 | -75.9% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €406,197 | €62,557 | -€343,640 | -84.6% |
| Trade receivables | 40 | €406,197 | €62,557 | -€343,640 | -84.6% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €561,293 | €169,073 | -€392,220 | -69.9% |
| Deferred charges and accrued income | 490/1 | €2,435 | €2,432 | -€3 | -0.1% |
| Total equity and liabilities | 10/49 | €29,282,751 | €28,349,803 | -€932,949 | -3.2% |
| Equity | 10/15 | €16,404,986 | €16,347,447 | -€57,539 | -0.4% |
| Contributions | 10/11 | €16,786,000 | €16,786,000 | = | 0.0% |
| Capital | 10 | €16,786,000 | €16,786,000 | = | 0.0% |
| Issued capital | 100 | €16,786,000 | €16,786,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€381,014 | -€438,553 | -€57,539 | -15.1% |
| Amounts payable | 17/49 | €12,877,765 | €12,002,356 | -€875,410 | -6.8% |
| Amounts payable after more than one year | 17 | €7,305,745 | €11,406,905 | +€4.1m | +56.1% |
| Financial debts | 170/4 | €7,305,745 | €11,406,905 | +€4.1m | +56.1% |
| Subordinated loans | 170 | €5,326,107 | €5,643,010 | +€316,903 | +6.0% |
| Credit institutions | 173 | €1,979,638 | €1,718,627 | -€261,012 | -13.2% |
| Other loans | 174 | - | €4,045,269 | +€4.0m | |
| Amounts payable within one year | 42/48 | €5,544,296 | €566,076 | -€5.0m | -89.8% |
| Current portion of amounts payable after more than one year | 42 | €261,015 | €261,016 | +€1 | 0.0% |
| Trade debts | 44 | €63,035 | €62,135 | -€900 | -1.4% |
| Suppliers | 440/4 | €63,035 | €62,135 | -€900 | -1.4% |
| Taxes, remuneration and social security | 45 | €160,285 | €107,110 | -€53,175 | -33.2% |
| Taxes | 450/3 | €160,285 | €107,110 | -€53,175 | -33.2% |
| Other amounts payable | 47/48 | €5,059,961 | €135,816 | -€4.9m | -97.3% |
| Accrued charges and deferred income | 492/3 | €27,725 | €29,375 | +€1,650 | +5.9% |
| Operating income | 70/76A | €943,200 | €1,384,573 | +€441,373 | +46.8% |
| Turnover | 70 | €943,200 | €1,384,573 | +€441,373 | +46.8% |
| Operating charges | 60/66A | €507,150 | €718,266 | +€211,116 | +41.6% |
| Services and other goods | 61 | €452,815 | €611,533 | +€158,718 | +35.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,841 | €106,228 | +€52,386 | +97.3% |
| Other operating charges | 640/8 | €493 | €505 | +€12 | +2.4% |
| Operating profit (loss) | 9901 | €436,050 | €666,307 | +€230,257 | +52.8% |
| Financial income | 75/76B | €87,343 | €100,777 | +€13,434 | +15.4% |
| Recurring financial income | 75 | €87,343 | €100,777 | +€13,434 | +15.4% |
| Income from current assets | 751 | €84,232 | €94,142 | +€9,909 | +11.8% |
| Other financial income | 752/9 | €3,111 | €6,636 | +€3,525 | +113.3% |
| Financial charges | 65/66B | €625,774 | €824,623 | +€198,849 | +31.8% |
| Recurring financial charges | 65 | €625,774 | €824,623 | +€198,849 | +31.8% |
| Debt charges | 650 | €625,389 | €823,369 | +€197,980 | +31.7% |
| Other financial charges | 652/9 | €386 | €1,254 | +€869 | +225.2% |
| Profit (loss) for the period before taxes | 9903 | -€102,381 | -€57,539 | +€44,842 | +43.8% |
| Profit (loss) for the period | 9904 | -€102,381 | -€57,539 | +€44,842 | +43.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€102,381 | -€57,539 | +€44,842 | +43.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.