ANTWERP PACKAGING and LOGISTICS: what changed
What changed
ANTWERP PACKAGING and LOGISTICS
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
filed annual accounts (NBB)
Net result for the year
€33,315
2024 · €70,893-€37,578
Equity
€724,758
2024 · €711,442+€13,315
Cash
€147,151
2024 · €220,020-€72,869
Balance sheet total
€782,801
2024 · €807,993-€25,193
Largest movements
Assets
- Cash -€72,869
down €72,869 (-33.1%), from €220,020 to €147,151
mainly Receivables after one year (-€52,469) and Trade debts (-€48,454)
- Receivables after one year +€52,469
new in 2025: €52,469
- Tangible fixed assets -€10,777
down €10,777 (-2.0%), from €546,692 to €535,915
Equity and liabilities
- Trade debts -€48,454
down €48,454 (-94.1%), from €51,497 to €3,043
- Profit (loss) carried forward +€13,315
up €13,315 (+36.6%), from €36,370 to €49,686
- Other debts +€12,000
up €12,000 (+27.9%), from €43,000 to €55,000
Income statement
- Gross operating margin -€46,274
down €46,274 (-33.8%), from €137,072 to €90,798
- Taxes -€10,949
down €10,949 (-49.6%), from €22,054 to €11,105
- Depreciation +€2,082
up €2,082 (+8.9%), from €23,410 to €25,492
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
€70,893
Gross operating margin
-€46,274
Depreciation
-€2,082
Other operating charges
-€638
Financial income
+€466
Financial charges
+€1
Taxes
+€10,949
Result 2025
€33,315
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
-€38,154
Investment
-€14,715
Financing
-€20,000
Cash 2024
€220,020
From operations (derived)
-€38,154
Net result for the year
+€33,315
Depreciation
+€25,492
Receivables after one year
-€52,469
Receivables within one year
-€5,984
Trade debts
-€48,454
Tax, wage and social debts
-€2,054
Other debts
+€12,000
Investment (derived)
-€14,715
Investment in fixed assets (net)
-€14,715
Financing
-€20,000
Contributions, distributions and other
-€20,000
Cash 2025
€147,151
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €807,993 | €782,801 | -€25,193 | -3.1% |
| Fixed assets | 21/28 | €546,692 | €535,915 | -€10,777 | -2.0% |
| Tangible fixed assets | 22/27 | €546,692 | €535,915 | -€10,777 | -2.0% |
| Land and buildings | 22 | €546,692 | €535,915 | -€10,777 | -2.0% |
| Current assets | 29/58 | €261,301 | €246,885 | -€14,416 | -5.5% |
| Amounts receivable after more than one year | 29 | - | €52,469 | +€52,469 | |
| Other amounts receivable | 291 | - | €52,469 | +€52,469 | |
| Amounts receivable within one year | 40/41 | €41,281 | €47,265 | +€5,984 | +14.5% |
| Trade receivables | 40 | €41,281 | €36,973 | -€4,307 | -10.4% |
| Other amounts receivable | 41 | €0 | €10,292 | +€10,292 | |
| Cash at bank and in hand | 54/58 | €220,020 | €147,151 | -€72,869 | -33.1% |
| Total equity and liabilities | 10/49 | €807,993 | €782,801 | -€25,193 | -3.1% |
| Equity | 10/15 | €711,442 | €724,758 | +€13,315 | +1.9% |
| Contributions | 10/11 | €89,429 | €89,429 | = | 0.0% |
| Capital | 10 | €89,429 | €89,429 | = | 0.0% |
| Issued capital | 100 | €89,429 | €89,429 | = | 0.0% |
| Reserves | 13 | €585,643 | €585,643 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,943 | €8,943 | = | 0.0% |
| Legal reserve | 130 | €8,943 | €8,943 | = | 0.0% |
| Distributable reserves | 133 | €576,700 | €576,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,370 | €49,686 | +€13,315 | +36.6% |
| Amounts payable | 17/49 | €96,551 | €58,043 | -€38,508 | -39.9% |
| Amounts payable within one year | 42/48 | €96,551 | €58,043 | -€38,508 | -39.9% |
| Trade debts | 44 | €51,497 | €3,043 | -€48,454 | -94.1% |
| Suppliers | 440/4 | €51,497 | €3,043 | -€48,454 | -94.1% |
| Taxes, remuneration and social security | 45 | €2,054 | €0 | -€2,054 | -100% |
| Taxes | 450/3 | €2,054 | €0 | -€2,054 | -100% |
| Other amounts payable | 47/48 | €43,000 | €55,000 | +€12,000 | +27.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,410 | €25,492 | +€2,082 | +8.9% |
| Other operating charges | 640/8 | €20,587 | €21,226 | +€638 | +3.1% |
| Gross operating margin | 9900 | €137,072 | €90,798 | -€46,274 | -33.8% |
| Operating profit (loss) | 9901 | €93,075 | €44,080 | -€48,994 | -52.6% |
| Financial income | 75/76B | - | €466 | +€466 | |
| Recurring financial income | 75 | - | €466 | +€466 | |
| Financial charges | 65/66B | €128 | €127 | -€1 | -0.7% |
| Recurring financial charges | 65 | €128 | €127 | -€1 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | €92,947 | €44,420 | -€48,527 | -52.2% |
| Income taxes | 67/77 | €22,054 | €11,105 | -€10,949 | -49.6% |
| Profit (loss) for the period | 9904 | €70,893 | €33,315 | -€37,578 | -53.0% |
| Profit (loss) for the period to be appropriated | 9905 | €70,893 | €33,315 | -€37,578 | -53.0% |
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.