U 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
U PLASTICS
NACE 22.210, Manufacture of rubber and plastic products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.3m
2024 · €978,337+€296,813
Equity
€2.0m
2024 · €763,385+€1.3m
Cash
€1.2m
2024 · €1.4m-€181,950
Balance sheet total
€4.2m
2024 · €4.6m-€425,728
Largest movements
Assets
- Receivables within one year -€329,807
down €329,807 (-44.8%), from €736,222 to €406,415
of which Trade receivables: -€449,824
- Cash -€181,950
down €181,950 (-13.4%), from €1.4m to €1.2m
mainly Other debts (-€1.3m) and Debts after one year (-€310,962)
- Receivables after one year +€100,000
new in 2025: €100,000
Equity and liabilities
- Other debts -€1.3m
down €1.3m (-99.5%), from €1.3m to €6,000
- Reserves +€1.3m
up €1.3m (+171%), from €744,785 to €2.0m
- Debts after one year -€310,962
down €310,962 (-20.3%), from €1.5m to €1.2m
- Trade debts -€173,408
down €173,408 (-35.0%), from €494,930 to €321,523
- Current portion of long-term debt +€134,377
up €134,377 (+30.3%), from €443,252 to €577,629
Income statement
- Staff costs -€268,854
down €268,854 (-49.1%), from €547,816 to €278,962
- Gross operating margin +€143,215
up €143,215 (+7.3%), from €2.0m to €2.1m
- Taxes +€109,171
up €109,171 (+33.8%), from €322,927 to €432,098
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
€978,337
Gross operating margin
+€143,215
Staff costs
+€268,854
Depreciation
-€4,951
Write-downs
+€285
Other operating charges
+€3,983
Other operating items
-€1,107
Financial income
+€4,729
Financial charges
-€9,025
Taxes
-€109,171
Result 2025
€1.3m
raises the resultlowers the resultnot broken down further in the accounts
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
+€95,454
Investment
-€100,818
Financing
-€176,585
Cash 2024
€1.4m
From operations (derived)
+€95,454
Net result for the year
+€1.3m
Depreciation
+€67,709
Receivables after one year
-€100,000
Stocks and contracts
+€46,164
Receivables within one year
+€329,807
Smaller working-capital items
-€1,084
Trade debts
-€173,408
Tax, wage and social debts
-€47,373
Other debts
-€1.3m
Investment (derived)
-€100,818
Investment in fixed assets (net)
-€100,818
Financing
-€176,585
Debts after one year
-€310,962
Current portion of long-term debt
+€134,377
Cash 2025
€1.2m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,636,069 | €4,210,341 | -€425,728 | -9.2% |
| Fixed assets | 21/28 | €2,367,269 | €2,400,378 | +€33,109 | +1.4% |
| Intangible fixed assets | 21 | €3,299 | €2,437 | -€861 | -26.1% |
| Tangible fixed assets | 22/27 | €863,971 | €897,941 | +€33,970 | +3.9% |
| Land and buildings | 22 | €794,040 | €756,123 | -€37,917 | -4.8% |
| Plant, machinery and equipment | 23 | €32,797 | €121,674 | +€88,877 | +271% |
| Furniture and vehicles | 24 | €3,528 | €1,950 | -€1,578 | -44.7% |
| Leasing and similar rights | 25 | €33,605 | €18,194 | -€15,411 | -45.9% |
| Financial fixed assets | 28 | €1,500,000 | €1,500,000 | = | 0.0% |
| Current assets | 29/58 | €2,268,800 | €1,809,962 | -€458,837 | -20.2% |
| Amounts receivable after more than one year | 29 | - | €100,000 | +€100,000 | |
| Other amounts receivable | 291 | - | €100,000 | +€100,000 | |
| Stocks and contracts in progress | 3 | €165,487 | €119,323 | -€46,164 | -27.9% |
| Stocks | 30/36 | €165,487 | €119,323 | -€46,164 | -27.9% |
| Amounts receivable within one year | 40/41 | €736,222 | €406,415 | -€329,807 | -44.8% |
| Trade receivables | 40 | €700,022 | €250,198 | -€449,824 | -64.3% |
| Other amounts receivable | 41 | €36,200 | €156,217 | +€120,016 | +332% |
| Cash at bank and in hand | 54/58 | €1,355,407 | €1,173,458 | -€181,950 | -13.4% |
| Deferred charges and accrued income | 490/1 | €11,683 | €10,767 | -€916 | -7.8% |
| Total equity and liabilities | 10/49 | €4,636,069 | €4,210,341 | -€425,728 | -9.2% |
| Equity | 10/15 | €763,385 | €2,038,534 | +€1.3m | +167% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €744,785 | €2,019,934 | +€1.3m | +171% |
| Distributable reserves | 133 | €744,785 | €2,019,934 | +€1.3m | +171% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €3,872,684 | €2,171,807 | -€1.7m | -43.9% |
| Amounts payable after more than one year | 17 | €1,528,457 | €1,217,495 | -€310,962 | -20.3% |
| Financial debts | 170/4 | €1,528,457 | €1,217,495 | -€310,962 | -20.3% |
| Amounts payable within one year | 42/48 | €2,342,227 | €954,312 | -€1.4m | -59.3% |
| Current portion of amounts payable after more than one year | 42 | €443,252 | €577,629 | +€134,377 | +30.3% |
| Trade debts | 44 | €494,930 | €321,523 | -€173,408 | -35.0% |
| Suppliers | 440/4 | €494,930 | €321,523 | -€173,408 | -35.0% |
| Taxes, remuneration and social security | 45 | €96,534 | €49,161 | -€47,373 | -49.1% |
| Taxes | 450/3 | €29,707 | €30,226 | +€519 | +1.7% |
| Remuneration and social security | 454/9 | €66,826 | €18,935 | -€47,892 | -71.7% |
| Other amounts payable | 47/48 | €1,307,511 | €6,000 | -€1.3m | -99.5% |
| Accrued charges and deferred income | 492/3 | €2,000 | €0 | -€2,000 | -100% |
| Non-recurring operating income | 76A | €0 | €657,930 | +€657,930 | |
| Remuneration, social security and pensions | 62 | €547,816 | €278,962 | -€268,854 | -49.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,758 | €67,709 | +€4,951 | +7.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €285 | €0 | -€285 | -100% |
| Other operating charges | 640/8 | €11,326 | €7,343 | -€3,983 | -35.2% |
| Non-recurring operating charges | 66A | - | €1,107 | +€1,107 | |
| Gross operating margin | 9900 | €1,975,145 | €2,118,360 | +€143,215 | +7.3% |
| Operating profit (loss) | 9901 | €1,352,960 | €1,763,239 | +€410,279 | +30.3% |
| Financial income | 75/76B | €35,504 | €40,233 | +€4,729 | +13.3% |
| Recurring financial income | 75 | €35,504 | €40,233 | +€4,729 | +13.3% |
| Financial charges | 65/66B | €87,201 | €96,225 | +€9,025 | +10.3% |
| Recurring financial charges | 65 | €87,201 | €96,225 | +€9,025 | +10.3% |
| Profit (loss) for the period before taxes | 9903 | €1,301,264 | €1,707,247 | +€405,983 | +31.2% |
| Income taxes | 67/77 | €322,927 | €432,098 | +€109,171 | +33.8% |
| Profit (loss) for the period | 9904 | €978,337 | €1,275,149 | +€296,813 | +30.3% |
| Profit (loss) for the period to be appropriated | 9905 | €978,337 | €1,275,149 | +€296,813 | +30.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.