B PACK CONSULT: 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.
B PACK CONSULT
Largest movements
- Receivables within one year +€150,375
up €150,375 (+69.3%), from €217,023 to €367,398
of which Trade receivables: +€150,375
- Cash -€54,581
down €54,581 (-47.6%), from €114,640 to €60,059
mainly Contributions, distributions and other (-€236,004) and Receivables within one year (-€150,375)
- Tangible fixed assets -€11,015
down €11,015 (-25.6%), from €42,992 to €31,977
- Trade debts +€46,543
up €46,543 (+95.0%), from €49,010 to €95,553
- Other debts +€27,924
up €27,924 (+11.8%), from €237,072 to €264,996
- Tax, wage and social debts +€6,192
up €6,192 (+7.9%), from €78,127 to €84,319
- Gross operating margin +€53,243
up €53,243 (+19.1%), from €279,395 to €332,638
- Taxes +€16,324
up €16,324 (+26.8%), from €60,933 to €77,257
- Other operating charges -€11,737
down €11,737 (-96.7%), from €12,136 to €400
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 | €384,936 | €465,328 | +€80,392 | +20.9% |
| Fixed assets | 21/28 | €42,992 | €31,977 | -€11,015 | -25.6% |
| Tangible fixed assets | 22/27 | €42,992 | €31,977 | -€11,015 | -25.6% |
| Furniture and vehicles | 24 | €42,992 | €31,977 | -€11,015 | -25.6% |
| Current assets | 29/58 | €341,944 | €433,351 | +€91,407 | +26.7% |
| Amounts receivable within one year | 40/41 | €217,023 | €367,398 | +€150,375 | +69.3% |
| Trade receivables | 40 | €212,956 | €363,332 | +€150,375 | +70.6% |
| Other amounts receivable | 41 | €4,067 | €4,067 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €114,640 | €60,059 | -€54,581 | -47.6% |
| Deferred charges and accrued income | 490/1 | €10,281 | €5,893 | -€4,387 | -42.7% |
| Total equity and liabilities | 10/49 | €384,936 | €465,328 | +€80,392 | +20.9% |
| Equity | 10/15 | €20,460 | €20,460 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Amounts payable | 17/49 | €364,476 | €444,868 | +€80,392 | +22.1% |
| Amounts payable within one year | 42/48 | €364,209 | €444,868 | +€80,659 | +22.1% |
| Trade debts | 44 | €49,010 | €95,553 | +€46,543 | +95.0% |
| Suppliers | 440/4 | €49,010 | €95,553 | +€46,543 | +95.0% |
| Taxes, remuneration and social security | 45 | €78,127 | €84,319 | +€6,192 | +7.9% |
| Taxes | 450/3 | €78,127 | €84,319 | +€6,192 | +7.9% |
| Other amounts payable | 47/48 | €237,072 | €264,996 | +€27,924 | +11.8% |
| Accrued charges and deferred income | 492/3 | €267 | - | -€267 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,145 | €14,740 | +€596 | +4.2% |
| Other operating charges | 640/8 | €12,136 | €400 | -€11,737 | -96.7% |
| Gross operating margin | 9900 | €279,395 | €332,638 | +€53,243 | +19.1% |
| Operating profit (loss) | 9901 | €253,114 | €317,498 | +€64,384 | +25.4% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €2,474 | €4,238 | +€1,764 | +71.3% |
| Recurring financial charges | 65 | €2,474 | €4,238 | +€1,764 | +71.3% |
| Profit (loss) for the period before taxes | 9903 | €250,640 | €313,262 | +€62,622 | +25.0% |
| Income taxes | 67/77 | €60,933 | €77,257 | +€16,324 | +26.8% |
| Profit (loss) for the period | 9904 | €189,706 | €236,004 | +€46,298 | +24.4% |
| Profit (loss) for the period to be appropriated | 9905 | €189,706 | €236,004 | +€46,298 | +24.4% |
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.