V.G. PLASTIC'S: 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.
V.G. PLASTIC'S
Largest movements
- Receivables within one year +€67,720
up €67,720 (+47.0%), from €144,047 to €211,767
of which Other amounts receivable: +€87,558
- Cash +€47,393
up €47,393 (+4.3%), from €1.1m to €1.2m
mainly Net result for the year (+€80,219) and Depreciation (+€37,608)
- Tangible fixed assets -€23,592
down €23,592 (-9.8%), from €241,874 to €218,282
of which Land and buildings: -€12,058
- Reserves +€72,000
up €72,000 (+3.8%), from €1.9m to €1.9m
- Gross operating margin +€32,436
up €32,436 (+12.2%), from €265,710 to €298,146
- Staff costs -€24,512
down €24,512 (-14.9%), from €164,285 to €139,773
- Taxes +€16,734
up €16,734 (+132%), from €12,723 to €29,457
- Other operating charges -€4,426
down €4,426 (-20.8%), from €21,260 to €16,834
- Depreciation +€3,173
up €3,173 (+9.2%), from €34,435 to €37,608
From the 2023 result to the 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,992,429 | €2,080,325 | +€87,896 | +4.4% |
| Fixed assets | 21/28 | €691,516 | €668,015 | -€23,501 | -3.4% |
| Tangible fixed assets | 22/27 | €241,874 | €218,282 | -€23,592 | -9.8% |
| Land and buildings | 22 | €154,210 | €142,152 | -€12,058 | -7.8% |
| Plant, machinery and equipment | 23 | €4,746 | €1,846 | -€2,900 | -61.1% |
| Furniture and vehicles | 24 | €82,591 | €74,111 | -€8,480 | -10.3% |
| Other tangible fixed assets | 26 | €327 | €173 | -€154 | -47.1% |
| Financial fixed assets | 28 | €449,642 | €449,733 | +€91 | 0.0% |
| Current assets | 29/58 | €1,300,913 | €1,412,310 | +€111,397 | +8.6% |
| Stocks and contracts in progress | 3 | €53,428 | €49,712 | -€3,716 | -7.0% |
| Stocks | 30/36 | €53,428 | €49,712 | -€3,716 | -7.0% |
| Amounts receivable within one year | 40/41 | €144,047 | €211,767 | +€67,720 | +47.0% |
| Trade receivables | 40 | €52,208 | €32,370 | -€19,838 | -38.0% |
| Other amounts receivable | 41 | €91,839 | €179,397 | +€87,558 | +95.3% |
| Cash at bank and in hand | 54/58 | €1,103,438 | €1,150,831 | +€47,393 | +4.3% |
| Total equity and liabilities | 10/49 | €1,992,429 | €2,080,325 | +€87,896 | +4.4% |
| Equity | 10/15 | €1,939,914 | €2,012,883 | +€72,969 | +3.8% |
| Contributions | 10/11 | €61,354 | €61,354 | = | 0.0% |
| Reserves | 13 | €1,877,000 | €1,949,000 | +€72,000 | +3.8% |
| Distributable reserves | 133 | €1,877,000 | €1,949,000 | +€72,000 | +3.8% |
| Profit (loss) carried forward | 14 | €1,560 | €2,529 | +€969 | +62.1% |
| Amounts payable | 17/49 | €52,515 | €67,442 | +€14,927 | +28.4% |
| Amounts payable within one year | 42/48 | €52,515 | €67,442 | +€14,927 | +28.4% |
| Trade debts | 44 | €13,871 | €17,863 | +€3,992 | +28.8% |
| Suppliers | 440/4 | €13,871 | €17,863 | +€3,992 | +28.8% |
| Taxes, remuneration and social security | 45 | €38,644 | €49,579 | +€10,935 | +28.3% |
| Taxes | 450/3 | €16,864 | €21,154 | +€4,290 | +25.4% |
| Remuneration and social security | 454/9 | €21,780 | €28,425 | +€6,645 | +30.5% |
| Remuneration, social security and pensions | 62 | €164,285 | €139,773 | -€24,512 | -14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,435 | €37,608 | +€3,173 | +9.2% |
| Other operating charges | 640/8 | €21,260 | €16,834 | -€4,426 | -20.8% |
| Gross operating margin | 9900 | €265,710 | €298,146 | +€32,436 | +12.2% |
| Operating profit (loss) | 9901 | €45,730 | €103,931 | +€58,201 | +127% |
| Financial income | 75/76B | €7,690 | €8,829 | +€1,139 | +14.8% |
| Recurring financial income | 75 | €7,690 | €8,829 | +€1,139 | +14.8% |
| Financial charges | 65/66B | €2,175 | €3,084 | +€909 | +41.8% |
| Recurring financial charges | 65 | €2,175 | €3,084 | +€909 | +41.8% |
| Profit (loss) for the period before taxes | 9903 | €51,245 | €109,676 | +€58,431 | +114% |
| Income taxes | 67/77 | €12,723 | €29,457 | +€16,734 | +132% |
| Profit (loss) for the period | 9904 | €38,522 | €80,219 | +€41,697 | +108% |
| Profit (loss) for the period to be appropriated | 9905 | €38,522 | €80,219 | +€41,697 | +108% |
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 16 October 2026 via checked.be.