Rowin 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.
What changed
Rowin Plastics
NACE 20.600, Manufacture of chemicals and chemical products
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3.1m
2024 · €1.2m+€1.9m
Equity
€1.8m
2024 · €10.8m-€9.0m
Cash
€905,208
2024 · €474,120+€431,089
Balance sheet total
€14.1m
2024 · €11.2m+€2.9m
Largest movements
Assets
- Current investments +€2.4m
up €2.4m (+26.3%), from €9.0m to €11.4m
- Cash +€431,089
up €431,089 (+90.9%), from €474,120 to €905,208
mainly Other debts (+€12.0m) and Net result for the year (+€3.1m)
Equity and liabilities
- Other debts +€12.0m
up €12.0m (+17929.9%), from €67,000 to €12.1m
- Reserves -€9.0m
down €9.0m (-84.2%), from €10.7m to €1.7m
of which Distributable reserves: -€9.0m
- Trade debts -€152,790
down €152,790 (-57.8%), from €264,172 to €111,382
Income statement
- Financial income +€2.0m
up €2.0m (+974.0%), from €205,328 to €2.2m
- Gross operating margin +€572,569
up €572,569 (+23.8%), from €2.4m to €3.0m
- Financial charges +€445,964
up €445,964 (+251.5%), from €177,288 to €623,252
- Staff costs +€125,065
up €125,065 (+16.8%), from €742,502 to €867,567
- Taxes +€103,232
up €103,232 (+28.4%), from €363,029 to €466,261
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
€1.2m
Gross operating margin
+€572,569
Staff costs
-€125,065
Depreciation
-€481
Provisions
-€4,958
Other operating charges
+€3,671
Financial income
+€2.0m
Financial charges
-€445,964
Taxes
-€103,232
Result 2025
€3.1m
Cash bridge derived
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
+€15.0m
Investment
-€2.5m
Financing
-€12.1m
Cash 2024
€474,120
From operations (derived)
+€15.0m
Net result for the year
+€3.1m
Depreciation
+€154,475
Stocks and contracts
-€132,030
Receivables within one year
+€53,902
Smaller working-capital items
-€1,970
Trade debts
-€152,790
Tax, wage and social debts
+€34,736
Other debts
+€12.0m
Investment (derived)
-€2.5m
Investment in fixed assets (net)
-€145,653
Current investments
-€2.4m
Financing
-€12.1m
Short-term financial debts
-€648
Contributions, distributions and other
-€12.1m
Cash 2025
€905,208
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,238,127 | €14,108,539 | +€2.9m | +25.5% |
| Fixed assets | 21/28 | €606,672 | €597,849 | -€8,822 | -1.5% |
| Intangible fixed assets | 21 | €6,968 | €4,919 | -€2,049 | -29.4% |
| Tangible fixed assets | 22/27 | €598,154 | €591,381 | -€6,773 | -1.1% |
| Land and buildings | 22 | €405,932 | €354,788 | -€51,144 | -12.6% |
| Plant, machinery and equipment | 23 | €117,567 | €129,290 | +€11,724 | +10.0% |
| Furniture and vehicles | 24 | €74,656 | €107,303 | +€32,647 | +43.7% |
| Financial fixed assets | 28 | €1,550 | €1,550 | = | 0.0% |
| Current assets | 29/58 | €10,631,455 | €13,510,690 | +€2.9m | +27.1% |
| Stocks and contracts in progress | 3 | €453,258 | €585,288 | +€132,030 | +29.1% |
| Stocks | 30/36 | €453,258 | €585,288 | +€132,030 | +29.1% |
| Amounts receivable within one year | 40/41 | €702,422 | €648,519 | -€53,902 | -7.7% |
| Trade receivables | 40 | €599,965 | €560,535 | -€39,430 | -6.6% |
| Other amounts receivable | 41 | €102,457 | €87,984 | -€14,473 | -14.1% |
| Current investments | 50/53 | €9,001,474 | €11,367,007 | +€2.4m | +26.3% |
| Cash at bank and in hand | 54/58 | €474,120 | €905,208 | +€431,089 | +90.9% |
| Deferred charges and accrued income | 490/1 | €182 | €4,668 | +€4,486 | +2461.6% |
| Total equity and liabilities | 10/49 | €11,238,127 | €14,108,539 | +€2.9m | +25.5% |
| Equity | 10/15 | €10,814,143 | €1,787,742 | -€9.0m | -83.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,714,143 | €1,687,742 | -€9.0m | -84.2% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €32,773 | €32,773 | = | 0.0% |
| Distributable reserves | 133 | €10,671,369 | €1,644,968 | -€9.0m | -84.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Pensions and similar obligations | 160 | €0 | - | = | |
| Amounts payable | 17/49 | €423,984 | €12,320,798 | +€11.9m | +2806.0% |
| Amounts payable within one year | 42/48 | €423,984 | €12,320,798 | +€11.9m | +2806.0% |
| Financial debts | 43 | €648 | €0 | -€648 | -100.0% |
| Credit institutions | 430/8 | €648 | €0 | -€648 | -100.0% |
| Trade debts | 44 | €264,172 | €111,382 | -€152,790 | -57.8% |
| Suppliers | 440/4 | €264,172 | €111,382 | -€152,790 | -57.8% |
| Advances received on contracts in progress | 46 | - | €2,515 | +€2,515 | |
| Taxes, remuneration and social security | 45 | €92,164 | €126,900 | +€34,736 | +37.7% |
| Taxes | 450/3 | €65 | €0 | -€65 | -100.0% |
| Remuneration and social security | 454/9 | €92,099 | €126,900 | +€34,801 | +37.8% |
| Other amounts payable | 47/48 | €67,000 | €12,080,000 | +€12.0m | +17929.9% |
| Remuneration, social security and pensions | 62 | €742,502 | €867,567 | +€125,065 | +16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €153,994 | €154,475 | +€481 | +0.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€4,958 | €0 | +€4,958 | |
| Other operating charges | 640/8 | €22,144 | €18,473 | -€3,671 | -16.6% |
| Gross operating margin | 9900 | €2,405,735 | €2,978,305 | +€572,569 | +23.8% |
| Operating profit (loss) | 9901 | €1,492,053 | €1,937,789 | +€445,735 | +29.9% |
| Financial income | 75/76B | €205,328 | €2,205,324 | +€2.0m | +974.0% |
| Recurring financial income | 75 | €205,328 | €2,205,324 | +€2.0m | +974.0% |
| Financial charges | 65/66B | €177,288 | €623,252 | +€445,964 | +251.5% |
| Recurring financial charges | 65 | €177,288 | €623,252 | +€445,964 | +251.5% |
| Profit (loss) for the period before taxes | 9903 | €1,520,094 | €3,519,860 | +€2.0m | +131.6% |
| Income taxes | 67/77 | €363,029 | €466,261 | +€103,232 | +28.4% |
| Profit (loss) for the period | 9904 | €1,157,065 | €3,053,599 | +€1.9m | +163.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,157,065 | €3,053,599 | +€1.9m | +163.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.