VR PLASTICS: what changed
What changed
VR PLASTICS
NACE 22.220, Manufacture of rubber and plastic products
filed annual accounts (NBB)
Net result for the year
€280,954
2024 · €374,190-€93,235
Equity
€4.3m
2024 · €4.1m+€196,666
Cash
€283,525
2024 · €365,629-€82,104
Balance sheet total
€6.2m
2024 · €6.0m+€147,405
Largest movements
Assets
- Current investments +€500,000
up €500,000 (+100%), from €500,000 to €1.0m
- Receivables within one year -€227,512
down €227,512 (-25.2%), from €903,820 to €676,308
of which Trade receivables: -€225,313
- Cash -€82,104
down €82,104 (-22.5%), from €365,629 to €283,525
mainly Current investments (-€500,000) and Investment in fixed assets (net) (-€269,622)
Equity and liabilities
- Reserves +€196,666
up €196,666 (+13.5%), from €1.5m to €1.7m
of which Distributable reserves: +€196,666
- Trade debts +€167,129
up €167,129 (+50.6%), from €330,069 to €497,199
- Debts after one year -€110,049
down €110,049 (-35.9%), from €306,648 to €196,599
- Tax, wage and social debts -€74,816
down €74,816 (-60.2%), from €124,213 to €49,397
of which Taxes: -€63,275
Income statement
- Gross operating margin -€171,980
down €171,980 (-11.4%), from €1.5m to €1.3m
- Taxes -€40,393
down €40,393 (-32.0%), from €126,420 to €86,027
- Staff costs -€32,675
down €32,675 (-5.5%), from €590,032 to €557,358
- Write-downs -€31,739
down €31,739 (-100%), from €31,739 to €0
- Depreciation +€26,019
up €26,019 (+8.9%), from €292,153 to €318,172
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
€374,190
Gross operating margin
-€171,980
Staff costs
+€32,675
Depreciation
-€26,019
Write-downs
+€31,739
Other operating charges
+€515
Financial income
-€2,465
Financial charges
+€1,907
Taxes
+€40,393
Result 2025
€280,954
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
+€880,217
Investment
-€769,622
Financing
-€192,699
Cash 2024
€365,629
From operations (derived)
+€880,217
Net result for the year
+€280,954
Depreciation
+€318,172
Stocks and contracts
-€3,428
Receivables within one year
+€227,512
Deferred charges and accrued income
-€2,143
Trade debts
+€167,129
Tax, wage and social debts
-€74,816
Other debts
-€33,178
Accrued charges and deferred income
+€13
Investment (derived)
-€769,622
Investment in fixed assets (net)
-€269,622
Current investments
-€500,000
Financing
-€192,699
Debts after one year
-€110,049
Current portion of long-term debt
+€1,638
Contributions, distributions and other
-€84,288
Cash 2025
€283,525
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,039,909 | €6,187,313 | +€147,405 | +2.4% |
| Fixed assets | 21/28 | €2,895,614 | €2,847,064 | -€48,550 | -1.7% |
| Intangible fixed assets | 21 | - | €11,096 | +€11,096 | |
| Tangible fixed assets | 22/27 | €2,895,614 | €2,835,968 | -€59,646 | -2.1% |
| Land and buildings | 22 | €2,349,428 | €2,299,640 | -€49,787 | -2.1% |
| Plant, machinery and equipment | 23 | €491,787 | €470,551 | -€21,236 | -4.3% |
| Furniture and vehicles | 24 | €54,399 | €65,777 | +€11,378 | +20.9% |
| Current assets | 29/58 | €3,144,295 | €3,340,250 | +€195,955 | +6.2% |
| Stocks and contracts in progress | 3 | €1,357,822 | €1,361,250 | +€3,428 | +0.3% |
| Stocks | 30/36 | €1,357,822 | €1,361,250 | +€3,428 | +0.3% |
| Amounts receivable within one year | 40/41 | €903,820 | €676,308 | -€227,512 | -25.2% |
| Trade receivables | 40 | €901,574 | €676,261 | -€225,313 | -25.0% |
| Other amounts receivable | 41 | €2,246 | €47 | -€2,199 | -97.9% |
| Current investments | 50/53 | €500,000 | €1,000,000 | +€500,000 | +100% |
| Cash at bank and in hand | 54/58 | €365,629 | €283,525 | -€82,104 | -22.5% |
| Deferred charges and accrued income | 490/1 | €17,024 | €19,167 | +€2,143 | +12.6% |
| Total equity and liabilities | 10/49 | €6,039,909 | €6,187,313 | +€147,405 | +2.4% |
| Equity | 10/15 | €4,128,557 | €4,325,223 | +€196,666 | +4.8% |
| Contributions | 10/11 | €2,672,660 | €2,672,660 | = | 0.0% |
| Capital | 10 | €2,672,660 | €2,672,660 | = | 0.0% |
| Issued capital | 100 | €2,672,660 | €2,672,660 | = | 0.0% |
| Reserves | 13 | €1,455,897 | €1,652,563 | +€196,666 | +13.5% |
| Non-distributable reserves | 130/1 | €267,266 | €267,266 | = | 0.0% |
| Legal reserve | 130 | €267,266 | €267,266 | = | 0.0% |
| Distributable reserves | 133 | €1,188,631 | €1,385,297 | +€196,666 | +16.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,911,352 | €1,862,090 | -€49,262 | -2.6% |
| Amounts payable after more than one year | 17 | €306,648 | €196,599 | -€110,049 | -35.9% |
| Financial debts | 170/4 | €306,648 | €196,599 | -€110,049 | -35.9% |
| Amounts payable within one year | 42/48 | €1,604,159 | €1,664,933 | +€60,774 | +3.8% |
| Current portion of amounts payable after more than one year | 42 | €108,411 | €110,049 | +€1,638 | +1.5% |
| Trade debts | 44 | €330,069 | €497,199 | +€167,129 | +50.6% |
| Suppliers | 440/4 | €330,069 | €497,199 | +€167,129 | +50.6% |
| Taxes, remuneration and social security | 45 | €124,213 | €49,397 | -€74,816 | -60.2% |
| Taxes | 450/3 | €67,625 | €4,350 | -€63,275 | -93.6% |
| Remuneration and social security | 454/9 | €56,587 | €45,047 | -€11,541 | -20.4% |
| Other amounts payable | 47/48 | €1,041,466 | €1,008,288 | -€33,178 | -3.2% |
| Accrued charges and deferred income | 492/3 | €545 | €559 | +€13 | +2.5% |
| Non-recurring operating income | 76A | €10,380 | €0 | -€10,380 | -100% |
| Remuneration, social security and pensions | 62 | €590,032 | €557,358 | -€32,675 | -5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €292,153 | €318,172 | +€26,019 | +8.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €31,739 | €0 | -€31,739 | -100% |
| Other operating charges | 640/8 | €33,893 | €33,378 | -€515 | -1.5% |
| Gross operating margin | 9900 | €1,505,959 | €1,333,979 | -€171,980 | -11.4% |
| Operating profit (loss) | 9901 | €558,141 | €425,071 | -€133,071 | -23.8% |
| Financial income | 75/76B | €28,454 | €25,989 | -€2,465 | -8.7% |
| Recurring financial income | 75 | €28,454 | €25,989 | -€2,465 | -8.7% |
| Financial charges | 65/66B | €85,986 | €84,078 | -€1,907 | -2.2% |
| Recurring financial charges | 65 | €85,986 | €84,078 | -€1,907 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | €500,609 | €366,981 | -€133,628 | -26.7% |
| Income taxes | 67/77 | €126,420 | €86,027 | -€40,393 | -32.0% |
| Profit (loss) for the period | 9904 | €374,190 | €280,954 | -€93,235 | -24.9% |
| Profit (loss) for the period to be appropriated | 9905 | €374,190 | €280,954 | -€93,235 | -24.9% |
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 5 November 2026 via checked.be.