A-PACK: what changed
Two fiscal 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.
A-PACK
Largest movements
- Receivables within one year -€206,700
down €206,700 (-8.5%), from €2.4m to €2.2m
of which Other amounts receivable: -€226,245
- Receivables after one year +€160,000
new in 2025: €160,000
- Cash +€40,653
up €40,653 (+11.6%), from €350,342 to €390,995
mainly Net result for the year (+€237,106) and Receivables within one year (+€206,700)
- Profit (loss) carried forward +€237,106
up €237,106 (+32.5%), from €728,848 to €965,954
- Trade debts -€129,013
down €129,013 (-11.6%), from €1.1m to €980,775
- Tax, wage and social debts -€105,013
down €105,013 (-17.5%), from €601,474 to €496,461
of which Taxes: -€97,520
- Staff costs -€84,181
down €84,181 (-1.6%), from €5.1m to €5.1m
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,088,932 | €3,081,297 | -€7,635 | -0.2% |
| Fixed assets | 21/28 | €279,786 | €272,618 | -€7,167 | -2.6% |
| Tangible fixed assets | 22/27 | €226,494 | €219,327 | -€7,167 | -3.2% |
| Plant, machinery and equipment | 23 | €7,674 | €16,177 | +€8,503 | +110.8% |
| Furniture and vehicles | 24 | €73,245 | €42,203 | -€31,042 | -42.4% |
| Other tangible fixed assets | 26 | €145,576 | €160,947 | +€15,371 | +10.6% |
| Financial fixed assets | 28 | €53,292 | €53,292 | = | 0.0% |
| Current assets | 29/58 | €2,809,146 | €2,808,679 | -€467 | 0.0% |
| Amounts receivable after more than one year | 29 | - | €160,000 | +€160,000 | |
| Other amounts receivable | 291 | - | €160,000 | +€160,000 | |
| Amounts receivable within one year | 40/41 | €2,421,431 | €2,214,731 | -€206,700 | -8.5% |
| Trade receivables | 40 | €1,577,237 | €1,596,783 | +€19,545 | +1.2% |
| Other amounts receivable | 41 | €844,194 | €617,949 | -€226,245 | -26.8% |
| Cash at bank and in hand | 54/58 | €350,342 | €390,995 | +€40,653 | +11.6% |
| Deferred charges and accrued income | 490/1 | €37,373 | €42,952 | +€5,580 | +14.9% |
| Total equity and liabilities | 10/49 | €3,088,932 | €3,081,297 | -€7,635 | -0.2% |
| Equity | 10/15 | €1,292,919 | €1,530,025 | +€237,106 | +18.3% |
| Contributions | 10/11 | €52,372 | €52,372 | = | 0.0% |
| Reserves | 13 | €511,699 | €511,699 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,461 | €6,461 | = | 0.0% |
| Distributable reserves | 133 | €505,237 | €505,237 | = | 0.0% |
| Profit (loss) carried forward | 14 | €728,848 | €965,954 | +€237,106 | +32.5% |
| Amounts payable | 17/49 | €1,796,013 | €1,551,272 | -€244,741 | -13.6% |
| Amounts payable within one year | 42/48 | €1,760,064 | €1,502,669 | -€257,395 | -14.6% |
| Trade debts | 44 | €1,109,788 | €980,775 | -€129,013 | -11.6% |
| Suppliers | 440/4 | €1,109,788 | €980,775 | -€129,013 | -11.6% |
| Taxes, remuneration and social security | 45 | €601,474 | €496,461 | -€105,013 | -17.5% |
| Taxes | 450/3 | €143,339 | €45,819 | -€97,520 | -68.0% |
| Remuneration and social security | 454/9 | €458,135 | €450,642 | -€7,493 | -1.6% |
| Other amounts payable | 47/48 | €48,803 | €25,433 | -€23,369 | -47.9% |
| Accrued charges and deferred income | 492/3 | €35,948 | €48,603 | +€12,655 | +35.2% |
| Remuneration, social security and pensions | 62 | €5,148,761 | €5,064,580 | -€84,181 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,053 | €58,332 | +€3,279 | +6.0% |
| Other operating charges | 640/8 | €59,596 | €73,053 | +€13,457 | +22.6% |
| Gross operating margin | 9900 | €5,565,398 | €5,519,636 | -€45,762 | -0.8% |
| Operating profit (loss) | 9901 | €301,987 | €323,670 | +€21,683 | +7.2% |
| Financial income | 75/76B | €399 | €1,056 | +€657 | +164.6% |
| Recurring financial income | 75 | €399 | €1,056 | +€657 | +164.6% |
| Financial charges | 65/66B | €4,331 | €6,550 | +€2,219 | +51.2% |
| Recurring financial charges | 65 | €4,331 | €6,550 | +€2,219 | +51.2% |
| Profit (loss) for the period before taxes | 9903 | €298,055 | €318,177 | +€20,121 | +6.8% |
| Income taxes | 67/77 | €83,833 | €81,071 | -€2,762 | -3.3% |
| Profit (loss) for the period | 9904 | €214,222 | €237,106 | +€22,884 | +10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €214,222 | €237,106 | +€22,884 | +10.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.