ALL-U-PACK: 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.
ALL-U-PACK
Largest movements
- Cash +€170,296
up €170,296 (+48.8%), from €349,054 to €519,351
mainly Net result for the year (+€314,391) and Other debts (+€145,806)
- Receivables within one year +€90,386
up €90,386 (+27.3%), from €330,868 to €421,255
of which Trade receivables: +€108,656
- Stocks and contracts +€21,357
up €21,357 (+13.9%), from €153,249 to €174,606
- Other debts +€145,806
up €145,806 (+108.0%), from €135,036 to €280,842
- Trade debts +€90,159
up €90,159 (+102.5%), from €87,925 to €178,084
- Reserves +€34,391
up €34,391 (+6.9%), from €501,209 to €535,600
of which Distributable reserves: +€34,391
- Gross operating margin +€224,492
up €224,492 (+78.4%), from €286,470 to €510,962
- Write-downs +€12,662
up €12,662 (+14.5%), from €87,176 to €99,838
- Taxes +€5,276
up €5,276 (+31.4%), from €16,782 to €22,058
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 | €880,753 | €1,155,707 | +€274,954 | +31.2% |
| Fixed assets | 21/28 | €28,108 | €19,870 | -€8,237 | -29.3% |
| Tangible fixed assets | 22/27 | €27,988 | €19,750 | -€8,237 | -29.4% |
| Plant, machinery and equipment | 23 | €17,022 | €17,282 | +€260 | +1.5% |
| Furniture and vehicles | 24 | €6,215 | €93 | -€6,122 | -98.5% |
| Other tangible fixed assets | 26 | €4,750 | €2,375 | -€2,375 | -50.0% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €852,645 | €1,135,837 | +€283,191 | +33.2% |
| Stocks and contracts in progress | 3 | €153,249 | €174,606 | +€21,357 | +13.9% |
| Stocks | 30/36 | €153,249 | €174,606 | +€21,357 | +13.9% |
| Amounts receivable within one year | 40/41 | €330,868 | €421,255 | +€90,386 | +27.3% |
| Trade receivables | 40 | €255,005 | €363,662 | +€108,656 | +42.6% |
| Other amounts receivable | 41 | €75,863 | €57,593 | -€18,270 | -24.1% |
| Cash at bank and in hand | 54/58 | €349,054 | €519,351 | +€170,296 | +48.8% |
| Deferred charges and accrued income | 490/1 | €19,474 | €20,625 | +€1,151 | +5.9% |
| Total equity and liabilities | 10/49 | €880,753 | €1,155,707 | +€274,954 | +31.2% |
| Equity | 10/15 | €651,209 | €685,600 | +€34,391 | +5.3% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €501,209 | €535,600 | +€34,391 | +6.9% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €486,209 | €520,600 | +€34,391 | +7.1% |
| Amounts payable | 17/49 | €229,544 | €470,107 | +€240,563 | +104.8% |
| Amounts payable within one year | 42/48 | €229,544 | €470,107 | +€240,563 | +104.8% |
| Trade debts | 44 | €87,925 | €178,084 | +€90,159 | +102.5% |
| Suppliers | 440/4 | €87,925 | €178,084 | +€90,159 | +102.5% |
| Taxes, remuneration and social security | 45 | €6,583 | €11,181 | +€4,598 | +69.9% |
| Taxes | 450/3 | - | €1,663 | +€1,663 | |
| Remuneration and social security | 454/9 | €6,583 | €9,518 | +€2,935 | +44.6% |
| Other amounts payable | 47/48 | €135,036 | €280,842 | +€145,806 | +108.0% |
| Remuneration, social security and pensions | 62 | €55,423 | €57,433 | +€2,010 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,581 | €14,637 | -€944 | -6.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €87,176 | €99,838 | +€12,662 | +14.5% |
| Other operating charges | 640/8 | €8,197 | €8,151 | -€47 | -0.6% |
| Gross operating margin | 9900 | €286,470 | €510,962 | +€224,492 | +78.4% |
| Operating profit (loss) | 9901 | €120,092 | €330,904 | +€210,812 | +175.5% |
| Financial income | 75/76B | €2,288 | €6,768 | +€4,480 | +195.8% |
| Recurring financial income | 75 | €2,288 | €6,768 | +€4,480 | +195.8% |
| Financial charges | 65/66B | €1,534 | €1,223 | -€311 | -20.3% |
| Recurring financial charges | 65 | €1,534 | €1,223 | -€311 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | €120,846 | €336,449 | +€215,603 | +178.4% |
| Income taxes | 67/77 | €16,782 | €22,058 | +€5,276 | +31.4% |
| Profit (loss) for the period | 9904 | €104,065 | €314,391 | +€210,326 | +202.1% |
| Profit (loss) for the period to be appropriated | 9905 | €104,065 | €314,391 | +€210,326 | +202.1% |
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 9 October 2026 via checked.be.