Exportpack: 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.
Exportpack
Largest movements
- Receivables within one year -€70,156
down €70,156 (-7.3%), from €967,230 to €897,074
of which Trade receivables: -€43,552
- Cash +€62,644
up €62,644 (+6.3%), from €993,328 to €1.1m
mainly Net result for the year (+€210,032) and Trade debts (+€74,653)
- Deferred charges and accrued income +€51,833
up €51,833 (+540.8%), from €9,585 to €61,418
- Tangible fixed assets -€35,682
down €35,682 (-18.0%), from €198,251 to €162,569
of which Furniture and vehicles: -€23,046
- Other debts -€257,700
down €257,700 (-91.0%), from €283,284 to €25,584
- Reserves +€209,843
up €209,843 (+10.8%), from €1.9m to €2.1m
of which Distributable reserves: +€210,000
- Trade debts +€74,653
up €74,653 (+47.8%), from €156,209 to €230,862
- Gross operating margin -€102,040
down €102,040 (-8.9%), from €1.2m to €1.0m
- Write-downs +€94,686
up €94,686, from -€27,857 to €66,829
- Staff costs +€50,298
up €50,298 (+8.6%), from €585,564 to €635,861
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 | €2,517,658 | €2,541,651 | +€23,993 | +1.0% |
| Fixed assets | 21/28 | €198,586 | €162,904 | -€35,682 | -18.0% |
| Tangible fixed assets | 22/27 | €198,251 | €162,569 | -€35,682 | -18.0% |
| Land and buildings | 22 | €7,002 | €6,116 | -€886 | -12.7% |
| Plant, machinery and equipment | 23 | €91,398 | €81,970 | -€9,429 | -10.3% |
| Furniture and vehicles | 24 | €80,862 | €57,816 | -€23,046 | -28.5% |
| Other tangible fixed assets | 26 | €18,988 | €16,667 | -€2,321 | -12.2% |
| Financial fixed assets | 28 | €335 | €335 | = | 0.0% |
| Current assets | 29/58 | €2,319,072 | €2,378,747 | +€59,675 | +2.6% |
| Stocks and contracts in progress | 3 | €43,900 | €53,950 | +€10,050 | +22.9% |
| Stocks | 30/36 | €43,900 | €53,950 | +€10,050 | +22.9% |
| Amounts receivable within one year | 40/41 | €967,230 | €897,074 | -€70,156 | -7.3% |
| Trade receivables | 40 | €931,805 | €888,253 | -€43,552 | -4.7% |
| Other amounts receivable | 41 | €35,425 | €8,821 | -€26,604 | -75.1% |
| Current investments | 50/53 | €305,029 | €310,333 | +€5,304 | +1.7% |
| Cash at bank and in hand | 54/58 | €993,328 | €1,055,971 | +€62,644 | +6.3% |
| Deferred charges and accrued income | 490/1 | €9,585 | €61,418 | +€51,833 | +540.8% |
| Total equity and liabilities | 10/49 | €2,517,658 | €2,541,651 | +€23,993 | +1.0% |
| Equity | 10/15 | €1,961,313 | €2,171,345 | +€210,032 | +10.7% |
| Contributions | 10/11 | €26,234 | €26,234 | = | 0.0% |
| Reserves | 13 | €1,934,832 | €2,144,674 | +€209,843 | +10.8% |
| Tax-exempt reserves | 132 | €2,208 | €2,051 | -€158 | -7.1% |
| Distributable reserves | 133 | €1,932,623 | €2,142,623 | +€210,000 | +10.9% |
| Profit (loss) carried forward | 14 | €247 | €437 | +€189 | +76.6% |
| Provisions and deferred taxes | 16 | €677 | €625 | -€53 | -7.8% |
| Deferred taxes | 168 | €677 | €625 | -€53 | -7.8% |
| Amounts payable | 17/49 | €555,667 | €369,681 | -€185,986 | -33.5% |
| Amounts payable within one year | 42/48 | €545,369 | €367,848 | -€177,521 | -32.6% |
| Trade debts | 44 | €156,209 | €230,862 | +€74,653 | +47.8% |
| Suppliers | 440/4 | €156,209 | €230,862 | +€74,653 | +47.8% |
| Taxes, remuneration and social security | 45 | €105,876 | €111,402 | +€5,526 | +5.2% |
| Taxes | 450/3 | €31,553 | €22,823 | -€8,730 | -27.7% |
| Remuneration and social security | 454/9 | €74,323 | €88,580 | +€14,256 | +19.2% |
| Other amounts payable | 47/48 | €283,284 | €25,584 | -€257,700 | -91.0% |
| Accrued charges and deferred income | 492/3 | €10,298 | €1,833 | -€8,465 | -82.2% |
| Non-recurring operating income | 76A | €514 | €12,662 | +€12,148 | +2365.5% |
| Remuneration, social security and pensions | 62 | €585,564 | €635,861 | +€50,298 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,409 | €50,731 | +€1,322 | +2.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€27,857 | €66,829 | +€94,686 | |
| Other operating charges | 640/8 | €15,069 | €10,449 | -€4,620 | -30.7% |
| Non-recurring operating charges | 66A | - | €9,772 | +€9,772 | |
| Gross operating margin | 9900 | €1,151,650 | €1,049,610 | -€102,040 | -8.9% |
| Operating profit (loss) | 9901 | €529,466 | €275,969 | -€253,497 | -47.9% |
| Financial income | 75/76B | €14,349 | €10,966 | -€3,384 | -23.6% |
| Recurring financial income | 75 | €14,349 | €10,966 | -€3,384 | -23.6% |
| Financial charges | 65/66B | €2,122 | €2,558 | +€436 | +20.6% |
| Recurring financial charges | 65 | €2,122 | €2,558 | +€436 | +20.6% |
| Profit (loss) for the period before taxes | 9903 | €541,693 | €284,376 | -€257,317 | -47.5% |
| Transfer from deferred taxes | 780 | €53 | €53 | = | 0.0% |
| Income taxes | 67/77 | €75,627 | €74,397 | -€1,230 | -1.6% |
| Profit (loss) for the period | 9904 | €466,119 | €210,032 | -€256,087 | -54.9% |
| Transfer from tax-exempt reserves | 789 | €158 | €158 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €466,276 | €210,189 | -€256,087 | -54.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.