Belgian Liquid Packers: 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.
Belgian Liquid Packers
Largest movements
- Financial fixed assets +€550,000
up €550,000 (+153%), from €360,000 to €910,000
- Receivables within one year +€134,445
up €134,445 (+425%), from €31,644 to €166,089
of which Other amounts receivable: +€69,617
- Cash -€21,373
down €21,373 (-84.6%), from €25,263 to €3,890
mainly Investment in fixed assets (net) (-€564,813) and Receivables within one year (-€134,445)
- Debts after one year +€419,762
up €419,762 (+172%), from €243,833 to €663,595
of which Financial debts: +€234,762
- Reserves +€122,113
up €122,113 (+143%), from €85,617 to €207,731
- Tax, wage and social debts +€65,428
up €65,428 (+257%), from €25,415 to €90,843
- Current portion of long-term debt +€50,795
up €50,795 (+87.6%), from €58,000 to €108,795
- Other debts +€17,811
up €17,811 (+298%), from €5,981 to €23,791
- Gross operating margin +€107,680
up €107,680 (+144%), from €74,955 to €182,635
- Taxes +€24,081
up €24,081 (+227%), from €10,588 to €34,669
- Financial charges +€2,602
up €2,602 (+14.6%), from €17,858 to €20,460
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 | €452,224 | €1,126,950 | +€674,726 | +149% |
| Fixed assets | 21/28 | €395,316 | €955,111 | +€559,795 | +142% |
| Tangible fixed assets | 22/27 | €35,316 | €45,111 | +€9,795 | +27.7% |
| Furniture and vehicles | 24 | - | €3,221 | +€3,221 | |
| Other tangible fixed assets | 26 | €35,316 | €41,890 | +€6,574 | +18.6% |
| Financial fixed assets | 28 | €360,000 | €910,000 | +€550,000 | +153% |
| Current assets | 29/58 | €56,908 | €171,839 | +€114,931 | +202% |
| Amounts receivable after more than one year | 29 | - | €1,291 | +€1,291 | |
| Other amounts receivable | 291 | - | €1,291 | +€1,291 | |
| Amounts receivable within one year | 40/41 | €31,644 | €166,089 | +€134,445 | +425% |
| Trade receivables | 40 | €30,307 | €95,134 | +€64,828 | +214% |
| Other amounts receivable | 41 | €1,338 | €70,954 | +€69,617 | +5,204% |
| Cash at bank and in hand | 54/58 | €25,263 | €3,890 | -€21,373 | -84.6% |
| Deferred charges and accrued income | 490/1 | - | €569 | +€569 | |
| Total equity and liabilities | 10/49 | €452,224 | €1,126,950 | +€674,726 | +149% |
| Equity | 10/15 | €110,617 | €232,731 | +€122,113 | +110% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €85,617 | €207,731 | +€122,113 | +143% |
| Distributable reserves | 133 | €85,617 | €207,731 | +€122,113 | +143% |
| Amounts payable | 17/49 | €341,607 | €894,219 | +€552,612 | +162% |
| Amounts payable after more than one year | 17 | €243,833 | €663,595 | +€419,762 | +172% |
| Financial debts | 170/4 | €178,833 | €413,595 | +€234,762 | +131% |
| Other amounts payable | 178/9 | €65,000 | €250,000 | +€185,000 | +285% |
| Amounts payable within one year | 42/48 | €91,285 | €225,933 | +€134,648 | +148% |
| Current portion of amounts payable after more than one year | 42 | €58,000 | €108,795 | +€50,795 | +87.6% |
| Trade debts | 44 | €1,889 | €2,504 | +€615 | +32.6% |
| Suppliers | 440/4 | €1,889 | €2,504 | +€615 | +32.6% |
| Taxes, remuneration and social security | 45 | €25,415 | €90,843 | +€65,428 | +257% |
| Taxes | 450/3 | €25,415 | €90,843 | +€65,428 | +257% |
| Other amounts payable | 47/48 | €5,981 | €23,791 | +€17,811 | +298% |
| Accrued charges and deferred income | 492/3 | €6,488 | €4,690 | -€1,797 | -27.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,019 | €5,019 | +€1,000 | +24.9% |
| Other operating charges | 640/8 | €1,954 | €1,300 | -€654 | -33.5% |
| Gross operating margin | 9900 | €74,955 | €182,635 | +€107,680 | +144% |
| Operating profit (loss) | 9901 | €68,982 | €176,316 | +€107,334 | +156% |
| Financial income | 75/76B | €27 | €926 | +€899 | +3,302% |
| Recurring financial income | 75 | €27 | €926 | +€899 | +3,302% |
| Financial charges | 65/66B | €17,858 | €20,460 | +€2,602 | +14.6% |
| Recurring financial charges | 65 | €17,858 | €20,460 | +€2,602 | +14.6% |
| Profit (loss) for the period before taxes | 9903 | €51,151 | €156,783 | +€105,631 | +207% |
| Income taxes | 67/77 | €10,588 | €34,669 | +€24,081 | +227% |
| Profit (loss) for the period | 9904 | €40,563 | €122,113 | +€81,550 | +201% |
| Profit (loss) for the period to be appropriated | 9905 | €40,563 | €122,113 | +€81,550 | +201% |
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 20 October 2026 via checked.be.