BS PACKAGING Belgium: 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.
BS PACKAGING Belgium
Largest movements
- Receivables within one year +€49,559
up €49,559 (+28.7%), from €172,733 to €222,292
of which Trade receivables: +€50,818
- Cash +€10,495
up €10,495 (+6.6%), from €159,867 to €170,362
mainly Other debts (+€110,000) and Trade debts (+€57,960)
- Reserves -€113,073
down €113,073 (-74.8%), from €151,232 to €38,159
- Other debts +€110,000
up €110,000 (+275%), from €40,000 to €150,000
- Trade debts +€57,960
up €57,960 (+95.1%), from €60,968 to €118,928
- Tax, wage and social debts +€4,239
up €4,239 (+12.0%), from €35,220 to €39,459
of which Taxes: +€3,428
- Staff costs +€7,892
up €7,892 (+4.4%), from €180,378 to €188,270
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 | €337,420 | €396,546 | +€59,126 | +17.5% |
| Fixed assets | 21/28 | €1,565 | €1,565 | = | 0.0% |
| Financial fixed assets | 28 | €1,565 | €1,565 | = | 0.0% |
| Current assets | 29/58 | €335,855 | €394,981 | +€59,126 | +17.6% |
| Amounts receivable within one year | 40/41 | €172,733 | €222,292 | +€49,559 | +28.7% |
| Trade receivables | 40 | €159,258 | €210,076 | +€50,818 | +31.9% |
| Other amounts receivable | 41 | €13,475 | €12,216 | -€1,259 | -9.3% |
| Cash at bank and in hand | 54/58 | €159,867 | €170,362 | +€10,495 | +6.6% |
| Deferred charges and accrued income | 490/1 | €3,255 | €2,327 | -€928 | -28.5% |
| Total equity and liabilities | 10/49 | €337,420 | €396,546 | +€59,126 | +17.5% |
| Equity | 10/15 | €201,232 | €88,159 | -€113,073 | -56.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €151,232 | €38,159 | -€113,073 | -74.8% |
| Distributable reserves | 133 | €151,232 | €38,159 | -€113,073 | -74.8% |
| Amounts payable | 17/49 | €136,188 | €308,387 | +€172,199 | +126% |
| Amounts payable within one year | 42/48 | €136,188 | €308,387 | +€172,199 | +126% |
| Trade debts | 44 | €60,968 | €118,928 | +€57,960 | +95.1% |
| Suppliers | 440/4 | €60,968 | €118,928 | +€57,960 | +95.1% |
| Taxes, remuneration and social security | 45 | €35,220 | €39,459 | +€4,239 | +12.0% |
| Taxes | 450/3 | €11,021 | €14,449 | +€3,428 | +31.1% |
| Remuneration and social security | 454/9 | €24,199 | €25,010 | +€811 | +3.4% |
| Other amounts payable | 47/48 | €40,000 | €150,000 | +€110,000 | +275% |
| Remuneration, social security and pensions | 62 | €180,378 | €188,270 | +€7,892 | +4.4% |
| Other operating charges | 640/8 | €1,187 | €1,214 | +€27 | +2.3% |
| Gross operating margin | 9900 | €239,515 | €239,623 | +€108 | 0.0% |
| Operating profit (loss) | 9901 | €57,950 | €50,139 | -€7,811 | -13.5% |
| Financial income | 75/76B | €1,842 | €2,961 | +€1,119 | +60.7% |
| Recurring financial income | 75 | €1,842 | €2,961 | +€1,119 | +60.7% |
| Financial charges | 65/66B | €2,105 | €2,096 | -€9 | -0.4% |
| Recurring financial charges | 65 | €2,105 | €2,096 | -€9 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €57,687 | €51,004 | -€6,683 | -11.6% |
| Income taxes | 67/77 | €16,125 | €14,078 | -€2,047 | -12.7% |
| Profit (loss) for the period | 9904 | €41,562 | €36,926 | -€4,636 | -11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €41,562 | €36,926 | -€4,636 | -11.2% |
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 22 October 2026 via checked.be.