V.D. Plastics: what changed
What changed
V.D. Plastics
NACE 47.529, Retail trade
filed annual accounts (NBB)
Net result for the year
€185,433
2024 · €164,976+€20,457
Equity
€2.1m
2024 · €2.0m+€25,344
Cash
€739,944
2024 · €683,592+€56,353
Balance sheet total
€2.5m
2024 · €2.6m-€128,862
Largest movements
Assets
- Receivables within one year -€154,191
down €154,191 (-29.1%), from €530,512 to €376,322
of which Trade receivables: -€154,191
- Cash +€56,353
up €56,353 (+8.2%), from €683,592 to €739,944
mainly Net result for the year (+€185,433) and Receivables within one year (+€154,191)
Equity and liabilities
- Reserves +€144,823
up €144,823 (+7.7%), from €1.9m to €2.0m
of which Distributable reserves: +€144,823
- Profit (loss) carried forward -€119,479
down €119,479 (-100%), from €119,479 to €0
- Short-term financial debts -€80,000
down €80,000 (-23.5%), from €340,000 to €260,000
- Other debts -€74,061
down €74,061 (-51.5%), from €143,730 to €69,669
- Debts after one year -€30,484
down €30,484 (-74.5%), from €40,938 to €10,454
Income statement
- Write-downs -€54,756
down €54,756, from €49,032 to -€5,724
- Gross operating margin -€29,833
down €29,833 (-6.9%), from €430,034 to €400,201
- Financial charges -€12,554
down €12,554 (-32.3%), from €38,928 to €26,373
- Financial income -€11,121
down €11,121 (-22.2%), from €50,197 to €39,076
- Taxes +€9,044
up €9,044 (+11.6%), from €78,183 to €87,228
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€164,976
Gross operating margin
-€29,833
Staff costs
+€1,749
Write-downs
+€54,756
Other operating charges
+€1,396
Financial income
-€11,121
Financial charges
+€12,554
Taxes
-€9,044
Result 2025
€185,433
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€329,870
Investment
€0
Financing
-€273,517
Cash 2024
€683,592
From operations (derived)
+€329,870
Net result for the year
+€185,433
Depreciation
+€20,637
Stocks and contracts
+€10,386
Receivables within one year
+€154,191
Trade debts
+€19,822
Tax, wage and social debts
+€19,833
Other debts
-€74,061
Accrued charges and deferred income
-€6,372
Financing
-€273,517
Debts after one year
-€30,484
Current portion of long-term debt
-€2,944
Short-term financial debts
-€80,000
Contributions, distributions and other
-€160,089
Cash 2025
€739,944
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,635,766 | €2,506,905 | -€128,862 | -4.9% |
| Fixed assets | 21/28 | €276,539 | €255,901 | -€20,637 | -7.5% |
| Tangible fixed assets | 22/27 | €276,539 | €255,901 | -€20,637 | -7.5% |
| Land and buildings | 22 | €252,577 | €240,508 | -€12,069 | -4.8% |
| Plant, machinery and equipment | 23 | €515 | €83 | -€432 | -83.9% |
| Furniture and vehicles | 24 | €23,447 | €15,310 | -€8,137 | -34.7% |
| Current assets | 29/58 | €2,359,228 | €2,251,003 | -€108,224 | -4.6% |
| Stocks and contracts in progress | 3 | €1,145,124 | €1,134,738 | -€10,386 | -0.9% |
| Stocks | 30/36 | €1,145,124 | €1,134,738 | -€10,386 | -0.9% |
| Amounts receivable within one year | 40/41 | €530,512 | €376,322 | -€154,191 | -29.1% |
| Trade receivables | 40 | €508,696 | €354,505 | -€154,191 | -30.3% |
| Other amounts receivable | 41 | €21,817 | €21,817 | = | 0.0% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €683,592 | €739,944 | +€56,353 | +8.2% |
| Total equity and liabilities | 10/49 | €2,635,766 | €2,506,905 | -€128,862 | -4.9% |
| Equity | 10/15 | €2,027,347 | €2,052,691 | +€25,344 | +1.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,889,267 | €2,034,091 | +€144,823 | +7.7% |
| Tax-exempt reserves | 132 | €251,770 | €251,770 | = | 0.0% |
| Distributable reserves | 133 | €1,637,498 | €1,782,321 | +€144,823 | +8.8% |
| Profit (loss) carried forward | 14 | €119,479 | €0 | -€119,479 | -100% |
| Amounts payable | 17/49 | €608,419 | €454,214 | -€154,206 | -25.3% |
| Amounts payable after more than one year | 17 | €40,938 | €10,454 | -€30,484 | -74.5% |
| Financial debts | 170/4 | €40,938 | €10,454 | -€30,484 | -74.5% |
| Amounts payable within one year | 42/48 | €553,250 | €435,901 | -€117,349 | -21.2% |
| Current portion of amounts payable after more than one year | 42 | €33,598 | €30,653 | -€2,944 | -8.8% |
| Financial debts | 43 | €340,000 | €260,000 | -€80,000 | -23.5% |
| Credit institutions | 430/8 | €340,000 | €260,000 | -€80,000 | -23.5% |
| Trade debts | 44 | €1,951 | €21,774 | +€19,822 | +1,016% |
| Suppliers | 440/4 | €1,951 | €21,774 | +€19,822 | +1,016% |
| Taxes, remuneration and social security | 45 | €33,972 | €53,805 | +€19,833 | +58.4% |
| Taxes | 450/3 | €23,119 | €41,487 | +€18,368 | +79.5% |
| Remuneration and social security | 454/9 | €10,853 | €12,318 | +€1,465 | +13.5% |
| Other amounts payable | 47/48 | €143,730 | €69,669 | -€74,061 | -51.5% |
| Accrued charges and deferred income | 492/3 | €14,231 | €7,859 | -€6,372 | -44.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €113,004 | €111,256 | -€1,749 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,637 | €20,637 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €49,032 | -€5,724 | -€54,756 | |
| Other operating charges | 640/8 | €15,470 | €14,074 | -€1,396 | -9.0% |
| Gross operating margin | 9900 | €430,034 | €400,201 | -€29,833 | -6.9% |
| Operating profit (loss) | 9901 | €231,890 | €259,958 | +€28,068 | +12.1% |
| Financial income | 75/76B | €50,197 | €39,076 | -€11,121 | -22.2% |
| Recurring financial income | 75 | €50,197 | €39,076 | -€11,121 | -22.2% |
| Financial charges | 65/66B | €38,928 | €26,373 | -€12,554 | -32.3% |
| Recurring financial charges | 65 | €38,928 | €26,373 | -€12,554 | -32.3% |
| Profit (loss) for the period before taxes | 9903 | €243,159 | €272,660 | +€29,501 | +12.1% |
| Income taxes | 67/77 | €78,183 | €87,228 | +€9,044 | +11.6% |
| Profit (loss) for the period | 9904 | €164,976 | €185,433 | +€20,457 | +12.4% |
| Profit (loss) for the period to be appropriated | 9905 | €164,976 | €185,433 | +€20,457 | +12.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.