B-Packaging: 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-Packaging
Largest movements
- Cash -€116,173
down €116,173 (-51.1%), from €227,326 to €111,152
mainly Receivables within one year (-€100,062) and Debts after one year (-€97,779)
- Receivables within one year +€100,062
up €100,062 (+30.6%), from €326,763 to €426,825
of which Trade receivables: +€95,841
- Intangible fixed assets -€50,000
down €50,000 (-13.5%), from €370,685 to €320,685
- Tangible fixed assets -€23,236
down €23,236 (-8.8%), from €263,842 to €240,606
of which Plant, machinery and equipment: -€26,102
- Debts after one year -€97,779
down €97,779 (-29.7%), from €329,219 to €231,440
- Profit (loss) carried forward +€54,467
up €54,467 (+903.7%), from €6,027 to €60,494
- Trade debts -€26,738
down €26,738 (-5.6%), from €477,128 to €450,390
- Gross operating margin +€102,779
up €102,779 (+30.2%), from €340,512 to €443,291
- Taxes +€21,733
up €21,733 (+3922.4%), from €554 to €22,287
- Depreciation +€6,935
up €6,935 (+7.9%), from €87,277 to €94,212
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 | €1,216,573 | €1,130,472 | -€86,101 | -7.1% |
| Fixed assets | 21/28 | €640,077 | €566,841 | -€73,236 | -11.4% |
| Intangible fixed assets | 21 | €370,685 | €320,685 | -€50,000 | -13.5% |
| Tangible fixed assets | 22/27 | €263,842 | €240,606 | -€23,236 | -8.8% |
| Plant, machinery and equipment | 23 | €197,144 | €171,042 | -€26,102 | -13.2% |
| Furniture and vehicles | 24 | €23,515 | €30,881 | +€7,366 | +31.3% |
| Leasing and similar rights | 25 | €43,183 | €38,683 | -€4,500 | -10.4% |
| Financial fixed assets | 28 | €5,550 | €5,550 | = | 0.0% |
| Current assets | 29/58 | €576,496 | €563,631 | -€12,865 | -2.2% |
| Stocks and contracts in progress | 3 | €21,336 | €25,654 | +€4,317 | +20.2% |
| Stocks | 30/36 | €21,336 | €25,654 | +€4,317 | +20.2% |
| Amounts receivable within one year | 40/41 | €326,763 | €426,825 | +€100,062 | +30.6% |
| Trade receivables | 40 | €311,264 | €407,104 | +€95,841 | +30.8% |
| Other amounts receivable | 41 | €15,499 | €19,720 | +€4,221 | +27.2% |
| Cash at bank and in hand | 54/58 | €227,326 | €111,152 | -€116,173 | -51.1% |
| Deferred charges and accrued income | 490/1 | €1,071 | €0 | -€1,071 | -100.0% |
| Total equity and liabilities | 10/49 | €1,216,573 | €1,130,472 | -€86,101 | -7.1% |
| Equity | 10/15 | €206,027 | €260,494 | +€54,467 | +26.4% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,027 | €60,494 | +€54,467 | +903.7% |
| Amounts payable | 17/49 | €1,010,546 | €869,978 | -€140,568 | -13.9% |
| Amounts payable after more than one year | 17 | €329,219 | €231,440 | -€97,779 | -29.7% |
| Financial debts | 170/4 | €329,219 | €231,440 | -€97,779 | -29.7% |
| Amounts payable within one year | 42/48 | €681,327 | €638,538 | -€42,789 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €96,851 | €96,851 | = | 0.0% |
| Financial debts | 43 | - | €604 | +€604 | |
| Credit institutions | 430/8 | - | €604 | +€604 | |
| Trade debts | 44 | €477,128 | €450,390 | -€26,738 | -5.6% |
| Suppliers | 440/4 | €477,128 | €450,390 | -€26,738 | -5.6% |
| Taxes, remuneration and social security | 45 | €67,129 | €60,494 | -€6,635 | -9.9% |
| Taxes | 450/3 | €48,347 | €38,939 | -€9,408 | -19.5% |
| Remuneration and social security | 454/9 | €18,782 | €21,555 | +€2,773 | +14.8% |
| Other amounts payable | 47/48 | €40,220 | €30,200 | -€10,020 | -24.9% |
| Remuneration, social security and pensions | 62 | €252,609 | €254,168 | +€1,560 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,277 | €94,212 | +€6,935 | +7.9% |
| Other operating charges | 640/8 | €3,007 | €3,785 | +€779 | +25.9% |
| Gross operating margin | 9900 | €340,512 | €443,291 | +€102,779 | +30.2% |
| Operating profit (loss) | 9901 | -€2,380 | €91,125 | +€93,505 | |
| Financial income | 75/76B | €1,045 | €1,455 | +€410 | +39.3% |
| Recurring financial income | 75 | €1,045 | €1,455 | +€410 | +39.3% |
| Financial charges | 65/66B | €16,913 | €15,826 | -€1,087 | -6.4% |
| Recurring financial charges | 65 | €16,913 | €15,826 | -€1,087 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | -€18,249 | €76,754 | +€95,003 | |
| Income taxes | 67/77 | €554 | €22,287 | +€21,733 | +3922.4% |
| Profit (loss) for the period | 9904 | -€18,803 | €54,467 | +€73,270 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,803 | €54,467 | +€73,270 |
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 12 October 2026 via checked.be.