FILIPACK: 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.
FILIPACK
Largest movements
- Current investments +€90,000
up €90,000 (+11.1%), from €810,000 to €900,000
- Receivables within one year +€69,748
up €69,748 (+18.6%), from €374,384 to €444,131
of which Other amounts receivable: +€51,518
- Cash +€42,441
up €42,441 (+738%), from €5,753 to €48,193
mainly Net result for the year (+€144,594) and Trade debts (+€68,905)
- Reserves +€144,594
up €144,594 (+13.7%), from €1.1m to €1.2m
of which Distributable reserves: +€144,594
- Trade debts +€68,905
up €68,905 (+68.1%), from €101,232 to €170,137
- Tax, wage and social debts -€16,618
down €16,618 (-23.2%), from €71,478 to €54,860
- Gross operating margin -€357,065
down €357,065 (-63.8%), from €559,348 to €202,282
- Taxes -€113,625
down €113,625 (-64.3%), from €176,746 to €63,121
- Financial income +€7,452
up €7,452 (+39.3%), from €18,982 to €26,434
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,254,426 | €1,447,774 | +€193,348 | +15.4% |
| Fixed assets | 21/28 | €58,536 | €45,414 | -€13,122 | -22.4% |
| Tangible fixed assets | 22/27 | €58,536 | €45,414 | -€13,122 | -22.4% |
| Land and buildings | 22 | €3,561 | €3,062 | -€499 | -14.0% |
| Furniture and vehicles | 24 | €48,675 | €36,052 | -€12,623 | -25.9% |
| Other tangible fixed assets | 26 | €6,300 | €6,300 | = | 0.0% |
| Current assets | 29/58 | €1,195,889 | €1,402,359 | +€206,470 | +17.3% |
| Amounts receivable within one year | 40/41 | €374,384 | €444,131 | +€69,748 | +18.6% |
| Trade receivables | 40 | €365,391 | €383,620 | +€18,229 | +5.0% |
| Other amounts receivable | 41 | €8,993 | €60,511 | +€51,518 | +573% |
| Current investments | 50/53 | €810,000 | €900,000 | +€90,000 | +11.1% |
| Cash at bank and in hand | 54/58 | €5,753 | €48,193 | +€42,441 | +738% |
| Deferred charges and accrued income | 490/1 | €5,753 | €10,034 | +€4,281 | +74.4% |
| Total equity and liabilities | 10/49 | €1,254,426 | €1,447,774 | +€193,348 | +15.4% |
| Equity | 10/15 | €1,078,182 | €1,222,777 | +€144,594 | +13.4% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €1,052,541 | €1,197,135 | +€144,594 | +13.7% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €1,050,641 | €1,195,235 | +€144,594 | +13.8% |
| Profit (loss) carried forward | 14 | €6,642 | €6,642 | = | 0.0% |
| Amounts payable | 17/49 | €176,243 | €224,997 | +€48,754 | +27.7% |
| Amounts payable within one year | 42/48 | €176,243 | €224,997 | +€48,754 | +27.7% |
| Current portion of amounts payable after more than one year | 42 | €1,707 | - | -€1,707 | |
| Trade debts | 44 | €101,232 | €170,137 | +€68,905 | +68.1% |
| Suppliers | 440/4 | €101,232 | €170,137 | +€68,905 | +68.1% |
| Taxes, remuneration and social security | 45 | €71,478 | €54,860 | -€16,618 | -23.2% |
| Taxes | 450/3 | €71,478 | €54,860 | -€16,618 | -23.2% |
| Other amounts payable | 47/48 | €1,826 | - | -€1,826 | |
| Non-recurring operating income | 76A | €70,724 | €19,351 | -€51,373 | -72.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,156 | €15,721 | +€4,565 | +40.9% |
| Other operating charges | 640/8 | €828 | €1,351 | +€523 | +63.2% |
| Non-recurring operating charges | 66A | €273 | €321 | +€48 | +17.7% |
| Gross operating margin | 9900 | €559,348 | €202,282 | -€357,065 | -63.8% |
| Operating profit (loss) | 9901 | €547,091 | €184,889 | -€362,202 | -66.2% |
| Financial income | 75/76B | €18,982 | €26,434 | +€7,452 | +39.3% |
| Recurring financial income | 75 | €18,982 | €26,434 | +€7,452 | +39.3% |
| Financial charges | 65/66B | €4,053 | €3,608 | -€445 | -11.0% |
| Recurring financial charges | 65 | €4,053 | €3,608 | -€445 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €562,020 | €207,716 | -€354,304 | -63.0% |
| Income taxes | 67/77 | €176,746 | €63,121 | -€113,625 | -64.3% |
| Profit (loss) for the period | 9904 | €385,274 | €144,594 | -€240,680 | -62.5% |
| Profit (loss) for the period to be appropriated | 9905 | €385,274 | €144,594 | -€240,680 | -62.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.