Antverpia Packing: 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.
Antverpia Packing
Largest movements
- Receivables within one year -€7,987
down €7,987 (-28.6%), from €27,912 to €19,925
of which Other amounts receivable: -€9,205
- Cash +€3,022
up €3,022 (+145%), from €2,088 to €5,110
mainly Net result for the year (+€20,597) and Trade debts (+€10,314)
- Debts after one year -€42,000
down €42,000 (-16.8%), from €250,000 to €208,000
- Profit (loss) carried forward +€20,597
up €20,597 (+5.4%), from -€383,668 to -€363,071
- Trade debts +€10,314
up €10,314 (+77.4%), from €13,320 to €23,634
- Short-term financial debts +€4,000
up €4,000 (+9.1%), from €44,000 to €48,000
- Other debts +€1,448
up €1,448 (+20.2%), from €7,163 to €8,612
- Gross operating margin -€2,661
down €2,661 (-9.5%), from €28,042 to €25,380
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.
Derived cash bridge
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 | €32,594 | €27,488 | -€5,107 | -15.7% |
| Fixed assets | 21/28 | €2,452 | €2,452 | = | 0.0% |
| Tangible fixed assets | 22/27 | €2,452 | €2,452 | = | 0.0% |
| Plant, machinery and equipment | 23 | €2,452 | €2,452 | = | 0.0% |
| Current assets | 29/58 | €30,142 | €25,035 | -€5,107 | -16.9% |
| Amounts receivable within one year | 40/41 | €27,912 | €19,925 | -€7,987 | -28.6% |
| Trade receivables | 40 | €18,707 | €19,925 | +€1,218 | +6.5% |
| Other amounts receivable | 41 | €9,205 | €0 | -€9,205 | -100% |
| Cash at bank and in hand | 54/58 | €2,088 | €5,110 | +€3,022 | +145% |
| Deferred charges and accrued income | 490/1 | €142 | €0 | -€142 | -100% |
| Total equity and liabilities | 10/49 | €32,594 | €27,488 | -€5,107 | -15.7% |
| Equity | 10/15 | -€281,930 | -€261,333 | +€20,597 | +7.3% |
| Contributions | 10/11 | €79,326 | €79,326 | = | 0.0% |
| Capital | 10 | €79,326 | €79,326 | = | 0.0% |
| Issued capital | 100 | €79,326 | €79,326 | = | 0.0% |
| Reserves | 13 | €22,412 | €22,412 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,933 | €7,933 | = | 0.0% |
| Legal reserve | 130 | €7,933 | €7,933 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,479 | €14,479 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€383,668 | -€363,071 | +€20,597 | +5.4% |
| Amounts payable | 17/49 | €314,524 | €288,821 | -€25,704 | -8.2% |
| Amounts payable after more than one year | 17 | €250,000 | €208,000 | -€42,000 | -16.8% |
| Financial debts | 170/4 | €250,000 | €208,000 | -€42,000 | -16.8% |
| Amounts payable within one year | 42/48 | €64,524 | €80,821 | +€16,296 | +25.3% |
| Financial debts | 43 | €44,000 | €48,000 | +€4,000 | +9.1% |
| Credit institutions | 430/8 | €44,000 | €48,000 | +€4,000 | +9.1% |
| Trade debts | 44 | €13,320 | €23,634 | +€10,314 | +77.4% |
| Suppliers | 440/4 | €13,320 | €23,634 | +€10,314 | +77.4% |
| Taxes, remuneration and social security | 45 | €41 | €575 | +€534 | +1,308% |
| Taxes | 450/3 | €41 | €575 | +€534 | +1,308% |
| Other amounts payable | 47/48 | €7,163 | €8,612 | +€1,448 | +20.2% |
| Other operating charges | 640/8 | €505 | €460 | -€46 | -9.0% |
| Non-recurring operating charges | 66A | €13,515 | €0 | -€13,515 | -100% |
| Gross operating margin | 9900 | €28,042 | €25,380 | -€2,661 | -9.5% |
| Operating profit (loss) | 9901 | €14,022 | €24,921 | +€10,899 | +77.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -33.3% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -33.3% |
| Financial charges | 65/66B | €4,589 | €4,324 | -€265 | -5.8% |
| Recurring financial charges | 65 | €4,589 | €4,324 | -€265 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €9,433 | €20,597 | +€11,164 | +118% |
| Profit (loss) for the period | 9904 | €9,433 | €20,597 | +€11,164 | +118% |
| Profit (loss) for the period to be appropriated | 9905 | €9,433 | €20,597 | +€11,164 | +118% |
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 26 October 2026 via checked.be.