EXAM 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.
EXAM PACKAGING
Largest movements
- Cash +€1.4m
up €1.4m (+241%), from €594,861 to €2.0m
mainly Net result for the year (+€1.2m) and Other debts (+€586,521)
- Receivables within one year -€158,014
down €158,014 (-8.2%), from €1.9m to €1.8m
of which Other amounts receivable: -€134,504
- Reserves +€586,525
up €586,525 (+33.7%), from €1.7m to €2.3m
of which Distributable reserves: +€586,525
- Other debts +€586,521
up €586,521 (+82.2%), from €713,954 to €1.3m
- Tax, wage and social debts +€120,246
up €120,246 (+87.8%), from €137,014 to €257,259
of which Remuneration and social security: +€60,900
- Trade debts -€91,672
down €91,672 (-17.7%), from €517,569 to €425,897
- Current portion of long-term debt +€47,665
up €47,665 (+40.2%), from €118,479 to €166,144
- Staff costs +€139,346
up €139,346 (+11.5%), from €1.2m to €1.4m
- Taxes -€65,655
down €65,655 (-13.8%), from €475,495 to €409,840
- Depreciation +€39,210
up €39,210 (+23.8%), from €164,987 to €204,197
- Gross operating margin -€34,248
down €34,248 (-1.1%), from €3.2m to €3.2m
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 | €3,448,479 | €4,738,218 | +€1.3m | +37.4% |
| Fixed assets | 21/28 | €468,728 | €493,094 | +€24,366 | +5.2% |
| Tangible fixed assets | 22/27 | €433,423 | €457,789 | +€24,366 | +5.6% |
| Plant, machinery and equipment | 23 | €365,217 | €388,640 | +€23,422 | +6.4% |
| Furniture and vehicles | 24 | €26,390 | €39,370 | +€12,980 | +49.2% |
| Other tangible fixed assets | 26 | €41,816 | €29,780 | -€12,036 | -28.8% |
| Financial fixed assets | 28 | €35,305 | €35,305 | = | 0.0% |
| Current assets | 29/58 | €2,979,751 | €4,245,123 | +€1.3m | +42.5% |
| Stocks and contracts in progress | 3 | €404,253 | €407,757 | +€3,504 | +0.9% |
| Stocks | 30/36 | €404,253 | €407,757 | +€3,504 | +0.9% |
| Amounts receivable within one year | 40/41 | €1,932,573 | €1,774,560 | -€158,014 | -8.2% |
| Trade receivables | 40 | €1,751,847 | €1,728,337 | -€23,509 | -1.3% |
| Other amounts receivable | 41 | €180,727 | €46,222 | -€134,504 | -74.4% |
| Cash at bank and in hand | 54/58 | €594,861 | €2,031,174 | +€1.4m | +241% |
| Deferred charges and accrued income | 490/1 | €48,064 | €31,632 | -€16,432 | -34.2% |
| Total equity and liabilities | 10/49 | €3,448,479 | €4,738,218 | +€1.3m | +37.4% |
| Equity | 10/15 | €1,756,662 | €2,343,187 | +€586,525 | +33.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,738,070 | €2,324,595 | +€586,525 | +33.7% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,736,211 | €2,322,736 | +€586,525 | +33.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,691,817 | €2,395,030 | +€703,213 | +41.6% |
| Amounts payable after more than one year | 17 | €204,801 | €245,254 | +€40,453 | +19.8% |
| Financial debts | 170/4 | €204,801 | €245,254 | +€40,453 | +19.8% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,487,016 | €2,149,776 | +€662,760 | +44.6% |
| Current portion of amounts payable after more than one year | 42 | €118,479 | €166,144 | +€47,665 | +40.2% |
| Trade debts | 44 | €517,569 | €425,897 | -€91,672 | -17.7% |
| Suppliers | 440/4 | €517,569 | €425,897 | -€91,672 | -17.7% |
| Taxes, remuneration and social security | 45 | €137,014 | €257,259 | +€120,246 | +87.8% |
| Taxes | 450/3 | €708 | €60,053 | +€59,345 | +8,377% |
| Remuneration and social security | 454/9 | €136,305 | €197,206 | +€60,900 | +44.7% |
| Other amounts payable | 47/48 | €713,954 | €1,300,475 | +€586,521 | +82.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €1,215,123 | €1,354,468 | +€139,346 | +11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €164,987 | €204,197 | +€39,210 | +23.8% |
| Other operating charges | 640/8 | €15,974 | €23,727 | +€7,753 | +48.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €3,185,528 | €3,151,280 | -€34,248 | -1.1% |
| Operating profit (loss) | 9901 | €1,789,444 | €1,568,887 | -€220,557 | -12.3% |
| Financial income | 75/76B | €65,933 | €44,263 | -€21,671 | -32.9% |
| Recurring financial income | 75 | €65,933 | €44,263 | -€21,671 | -32.9% |
| Financial charges | 65/66B | €13,722 | €16,785 | +€3,063 | +22.3% |
| Recurring financial charges | 65 | €13,722 | €16,785 | +€3,063 | +22.3% |
| Profit (loss) for the period before taxes | 9903 | €1,841,656 | €1,596,365 | -€245,291 | -13.3% |
| Income taxes | 67/77 | €475,495 | €409,840 | -€65,655 | -13.8% |
| Profit (loss) for the period | 9904 | €1,366,161 | €1,186,525 | -€179,636 | -13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,366,161 | €1,186,525 | -€179,636 | -13.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.