Vulkoprin: 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
Vulkoprin
NACE 22.110, Manufacture of rubber and plastic products
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€734,085
2024 · -€706,258-€27,827
Equity
€5.6m
2024 · €6.3m-€734,085
Cash
€1.3m
2024 · €1.1m+€181,078
Balance sheet total
€15.9m
2024 · €15.2m+€756,015
Largest movements
Assets
- Tangible fixed assets +€1.5m
up €1.5m (+54.3%), from €2.7m to €4.2m
of which Assets under construction and advance payments: +€1.3m
- Stocks and contracts -€1.0m
down €1.0m (-12.9%), from €8.0m to €7.0m
- Cash +€181,078
up €181,078 (+16.3%), from €1.1m to €1.3m
mainly Debts after one year (+€2.4m) and Stocks and contracts (+€1.0m)
Equity and liabilities
- Debts after one year +€2.4m
up €2.4m (+114.1%), from €2.1m to €4.4m
- Profit (loss) carried forward -€734,085
down €734,085 (-63.2%), from €1.2m to €427,435
- Current portion of long-term debt -€716,672
down €716,672 (-42.1%), from €1.7m to €986,716
Income statement
- Turnover +€1.1m
up €1.1m (+4.3%), from €25.5m to €26.6m
- Services and other goods +€654,753
up €654,753 (+9.5%), from €6.9m to €7.5m
- Goods and materials -€280,720
down €280,720 (-2.1%), from €13.5m to €13.2m
of which Purchases: -€1.6m
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
-€706,258
Turnover
+€1.1m
Other operating income
-€201,913
Goods and materials
+€280,720
Services and other goods
-€654,753
Staff costs
-€83,479
Depreciation
+€176,180
Write-downs
+€1,571
Other operating charges
+€6,039
Other operating items
-€644,426
Financial income
-€10,458
Financial charges
-€563
Taxes
+€1,584
Result 2025
-€734,085
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
+€710,251
Investment
-€2.2m
Financing
+€1.7m
Cash 2024
€1.1m
From operations (derived)
+€710,251
Net result for the year
-€734,085
Depreciation
+€692,396
Stocks and contracts
+€1.0m
Receivables within one year
-€84,558
Deferred charges and accrued income
-€33,558
Trade debts
-€29,819
Tax, wage and social debts
-€24,169
Advances received
-€110,600
Accrued charges and deferred income
+€3,547
Investment (derived)
-€2.2m
Investment in fixed assets (net)
-€2.2m
Financing
+€1.7m
Debts after one year
+€2.4m
Current portion of long-term debt
-€716,672
Cash 2025
€1.3m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,151,992 | €15,908,008 | +€756,015 | +5.0% |
| Fixed assets | 21/28 | €2,957,464 | €4,445,382 | +€1.5m | +50.3% |
| Intangible fixed assets | 21 | €263,546 | €289,529 | +€25,983 | +9.9% |
| Tangible fixed assets | 22/27 | €2,692,970 | €4,154,905 | +€1.5m | +54.3% |
| Land and buildings | 22 | €236,731 | €218,314 | -€18,416 | -7.8% |
| Plant, machinery and equipment | 23 | €807,014 | €790,001 | -€17,013 | -2.1% |
| Furniture and vehicles | 24 | - | €933 | +€933 | |
| Leasing and similar rights | 25 | €1,559,948 | €1,747,371 | +€187,423 | +12.0% |
| Assets under construction and advance payments | 27 | €89,277 | €1,398,285 | +€1.3m | +1466.2% |
| Financial fixed assets | 28 | €948 | €948 | = | 0.0% |
| Other financial fixed assets | 284/8 | €948 | €948 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €948 | €948 | = | 0.0% |
| Current assets | 29/58 | €12,194,528 | €11,462,625 | -€731,903 | -6.0% |
| Stocks and contracts in progress | 3 | €7,994,751 | €6,963,654 | -€1.0m | -12.9% |
| Stocks | 30/36 | €7,994,751 | €6,963,654 | -€1.0m | -12.9% |
| Raw materials and consumables | 30/31 | €3,901,931 | €3,122,106 | -€779,825 | -20.0% |
| Work in progress | 32 | €2,043,142 | €1,538,096 | -€505,046 | -24.7% |
| Finished goods | 33 | €1,718,148 | €1,918,250 | +€200,102 | +11.6% |
| Goods purchased for resale | 34 | €331,530 | €385,202 | +€53,672 | +16.2% |
| Amounts receivable within one year | 40/41 | €3,024,113 | €3,108,671 | +€84,558 | +2.8% |
| Trade receivables | 40 | €2,926,113 | €3,011,921 | +€85,808 | +2.9% |
| Other amounts receivable | 41 | €98,000 | €96,750 | -€1,250 | -1.3% |
| Cash at bank and in hand | 54/58 | €1,111,765 | €1,292,843 | +€181,078 | +16.3% |
| Deferred charges and accrued income | 490/1 | €63,899 | €97,457 | +€33,558 | +52.5% |
| Total equity and liabilities | 10/49 | €15,151,992 | €15,908,008 | +€756,015 | +5.0% |
| Equity | 10/15 | €6,332,759 | €5,598,674 | -€734,085 | -11.6% |
| Contributions | 10/11 | €1,797,500 | €1,797,500 | = | 0.0% |
| Capital | 10 | €1,797,500 | €1,797,500 | = | 0.0% |
| Issued capital | 100 | €1,797,500 | €1,797,500 | = | 0.0% |
| Reserves | 13 | €3,364,750 | €3,364,750 | = | 0.0% |
| Non-distributable reserves | 130/1 | €179,750 | €179,750 | = | 0.0% |
| Legal reserve | 130 | €179,750 | €179,750 | = | 0.0% |
| Distributable reserves | 133 | €3,185,000 | €3,185,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,161,520 | €427,435 | -€734,085 | -63.2% |
| Investment grants | 15 | €8,989 | €8,989 | = | 0.0% |
| Amounts payable | 17/49 | €8,819,233 | €10,309,334 | +€1.5m | +16.9% |
| Amounts payable after more than one year | 17 | €2,074,887 | €4,442,700 | +€2.4m | +114.1% |
| Financial debts | 170/4 | €2,074,887 | €4,442,700 | +€2.4m | +114.1% |
| Leasing and similar obligations | 172 | €1,269,473 | €2,471,411 | +€1.2m | +94.7% |
| Credit institutions | 173 | €805,413 | €321,289 | -€484,124 | -60.1% |
| Other loans | 174 | - | €1,650,000 | +€1.7m | |
| Amounts payable within one year | 42/48 | €6,720,150 | €5,838,891 | -€881,260 | -13.1% |
| Current portion of amounts payable after more than one year | 42 | €1,703,388 | €986,716 | -€716,672 | -42.1% |
| Financial debts | 43 | €400,000 | €400,000 | = | 0.0% |
| Credit institutions | 430/8 | €400,000 | €400,000 | = | 0.0% |
| Trade debts | 44 | €3,009,036 | €2,979,217 | -€29,819 | -1.0% |
| Suppliers | 440/4 | €3,009,036 | €2,979,217 | -€29,819 | -1.0% |
| Advances received on contracts in progress | 46 | €295,342 | €184,742 | -€110,600 | -37.4% |
| Taxes, remuneration and social security | 45 | €1,312,385 | €1,288,216 | -€24,169 | -1.8% |
| Taxes | 450/3 | €324,294 | €283,984 | -€40,310 | -12.4% |
| Remuneration and social security | 454/9 | €988,090 | €1,004,232 | +€16,142 | +1.6% |
| Accrued charges and deferred income | 492/3 | €24,196 | €27,743 | +€3,547 | +14.7% |
| Operating income | 70/76A | €27,220,764 | €27,475,071 | +€254,306 | +0.9% |
| Turnover | 70 | €25,459,050 | €26,560,722 | +€1.1m | +4.3% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €324,381 | -€304,944 | -€629,325 | |
| Own construction capitalised | 72 | €150,405 | €144,485 | -€5,920 | -3.9% |
| Other operating income | 74 | €1,276,721 | €1,074,808 | -€201,913 | -15.8% |
| Non-recurring operating income | 76A | €10,207 | €0 | -€10,207 | -100.0% |
| Operating charges | 60/66A | €27,767,285 | €28,039,982 | +€272,697 | +1.0% |
| Goods for resale, raw materials and consumables | 60 | €13,493,599 | €13,212,879 | -€280,720 | -2.1% |
| Purchases | 600/8 | €14,078,304 | €12,486,726 | -€1.6m | -11.3% |
| Change in stocks: decrease (increase) | 609 | -€584,705 | €726,153 | +€1.3m | |
| Services and other goods | 61 | €6,877,815 | €7,532,568 | +€654,753 | +9.5% |
| Remuneration, social security and pensions | 62 | €6,481,088 | €6,564,568 | +€83,479 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €868,576 | €692,396 | -€176,180 | -20.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,970 | €399 | -€1,571 | -79.7% |
| Other operating charges | 640/8 | €43,211 | €37,172 | -€6,039 | -14.0% |
| Non-recurring operating charges | 66A | €1,026 | €0 | -€1,026 | -100.0% |
| Operating profit (loss) | 9901 | -€546,520 | -€564,911 | -€18,391 | -3.4% |
| Financial income | 75/76B | €10,629 | €172 | -€10,458 | -98.4% |
| Recurring financial income | 75 | €10,629 | €172 | -€10,458 | -98.4% |
| Income from current assets | 751 | €0 | €0 | -€0 | -100.0% |
| Other financial income | 752/9 | €10,629 | €172 | -€10,458 | -98.4% |
| Financial charges | 65/66B | €168,241 | €168,804 | +€563 | +0.3% |
| Recurring financial charges | 65 | €168,241 | €168,804 | +€563 | +0.3% |
| Debt charges | 650 | €146,702 | €155,735 | +€9,033 | +6.2% |
| Other financial charges | 652/9 | €21,540 | €13,069 | -€8,470 | -39.3% |
| Profit (loss) for the period before taxes | 9903 | -€704,133 | -€733,544 | -€29,411 | -4.2% |
| Income taxes | 67/77 | €2,125 | €541 | -€1,584 | -74.5% |
| Taxes | 670/3 | €2,125 | €1,250 | -€875 | -41.2% |
| Tax adjustments and reversals of tax provisions | 77 | - | €709 | +€709 | |
| Profit (loss) for the period | 9904 | -€706,258 | -€734,085 | -€27,827 | -3.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€706,258 | -€734,085 | -€27,827 | -3.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.