BIPACK: what changed
Two fiscal 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.
BIPACK
Largest movements
- Cash +€288,486
up €288,486 (+508.2%), from €56,766 to €345,251
mainly Current investments (+€180,651) and Receivables within one year (+€65,966)
- Current investments -€180,651
down €180,651 (-30.9%), from €585,195 to €404,544
- Receivables within one year -€65,966
down €65,966 (-51.7%), from €127,707 to €61,741
of which Trade receivables: -€78,341
- Tangible fixed assets -€17,892
down €17,892 (-19.1%), from €93,648 to €75,756
of which Furniture and vehicles: -€17,509
- Reserves +€58,900
up €58,900 (+9.3%), from €631,774 to €690,675
- Tax, wage and social debts -€29,983
down €29,983 (-74.9%), from €40,049 to €10,067
- Other debts -€15,226
down €15,226 (-13.6%), from €112,101 to €96,875
- Trade debts +€11,661
up €11,661 (+22.1%), from €52,665 to €64,327
- Gross operating margin -€128,301
down €128,301 (-50.5%), from €253,818 to €125,517
- Taxes -€49,320
down €49,320 (-59.6%), from €82,753 to €33,433
- Financial income -€14,255
down €14,255 (-39.4%), from €36,151 to €21,895
- Depreciation +€12,575
up €12,575 (+70.6%), from €17,817 to €30,392
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 | €863,316 | €888,411 | +€25,095 | +2.9% |
| Fixed assets | 21/28 | €93,648 | €75,756 | -€17,892 | -19.1% |
| Tangible fixed assets | 22/27 | €93,648 | €75,756 | -€17,892 | -19.1% |
| Furniture and vehicles | 24 | €93,051 | €75,542 | -€17,509 | -18.8% |
| Other tangible fixed assets | 26 | €597 | €215 | -€383 | -64.1% |
| Current assets | 29/58 | €769,668 | €812,655 | +€42,987 | +5.6% |
| Amounts receivable within one year | 40/41 | €127,707 | €61,741 | -€65,966 | -51.7% |
| Trade receivables | 40 | €127,234 | €48,893 | -€78,341 | -61.6% |
| Other amounts receivable | 41 | €474 | €12,848 | +€12,375 | +2613.2% |
| Current investments | 50/53 | €585,195 | €404,544 | -€180,651 | -30.9% |
| Cash at bank and in hand | 54/58 | €56,766 | €345,251 | +€288,486 | +508.2% |
| Deferred charges and accrued income | 490/1 | - | €1,118 | +€1,118 | |
| Total equity and liabilities | 10/49 | €863,316 | €888,411 | +€25,095 | +2.9% |
| Equity | 10/15 | €650,374 | €709,275 | +€58,900 | +9.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €631,774 | €690,675 | +€58,900 | +9.3% |
| Distributable reserves | 133 | €631,774 | €690,675 | +€58,900 | +9.3% |
| Amounts payable | 17/49 | €212,942 | €179,136 | -€33,806 | -15.9% |
| Amounts payable within one year | 42/48 | €204,815 | €171,268 | -€33,547 | -16.4% |
| Trade debts | 44 | €52,665 | €64,327 | +€11,661 | +22.1% |
| Suppliers | 440/4 | €52,665 | €64,327 | +€11,661 | +22.1% |
| Taxes, remuneration and social security | 45 | €40,049 | €10,067 | -€29,983 | -74.9% |
| Taxes | 450/3 | €40,049 | €10,067 | -€29,983 | -74.9% |
| Other amounts payable | 47/48 | €112,101 | €96,875 | -€15,226 | -13.6% |
| Accrued charges and deferred income | 492/3 | €8,127 | €7,868 | -€258 | -3.2% |
| Non-recurring operating income | 76A | €16,000 | - | -€16,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,817 | €30,392 | +€12,575 | +70.6% |
| Other operating charges | 640/8 | €2,935 | €3,528 | +€593 | +20.2% |
| Gross operating margin | 9900 | €253,818 | €125,517 | -€128,301 | -50.5% |
| Operating profit (loss) | 9901 | €233,066 | €91,597 | -€141,468 | -60.7% |
| Financial income | 75/76B | €36,151 | €21,895 | -€14,255 | -39.4% |
| Recurring financial income | 75 | €36,151 | €21,895 | -€14,255 | -39.4% |
| Financial charges | 65/66B | €22,858 | €21,159 | -€1,700 | -7.4% |
| Recurring financial charges | 65 | €22,858 | €21,159 | -€1,700 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €246,358 | €92,334 | -€154,024 | -62.5% |
| Income taxes | 67/77 | €82,753 | €33,433 | -€49,320 | -59.6% |
| Profit (loss) for the period | 9904 | €163,605 | €58,900 | -€104,704 | -64.0% |
| Profit (loss) for the period to be appropriated | 9905 | €163,605 | €58,900 | -€104,704 | -64.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.