GAASCH PACKAGING: 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.
What changed
GAASCH PACKAGING
NACE 46.494, Wholesale of non-electrical household articles
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€628,589
2024 · €369,250-€997,839
Equity
€7.8m
2024 · €8.4m-€628,589
Cash
€36,890
2024 · €110,779-€73,889
Balance sheet total
€24.0m
2024 · €23.2m+€755,932
Largest movements
Assets
- Receivables within one year +€378,654
up €378,654 (+2.1%), from €17.8m to €18.1m
of which Other amounts receivable: +€376,744
- Stocks and contracts +€281,062
up €281,062 (+5.8%), from €4.9m to €5.2m
Equity and liabilities
- Trade debts +€988,106
up €988,106 (+24.3%), from €4.1m to €5.0m
- Short-term financial debts +€771,295
up €771,295 (+12.2%), from €6.3m to €7.1m
- Profit (loss) carried forward -€628,589
down €628,589 (-9.0%), from €7.0m to €6.4m
Income statement
- Turnover -€5.0m
down €5.0m (-8.7%), from €57.9m to €52.9m
- Goods and materials -€4.6m
down €4.6m (-9.1%), from €50.4m to €45.8m
of which Purchases: -€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.
Result 2024
€369,250
Turnover
-€5.0m
Other operating income
-€79,348
Goods and materials
+€4.6m
Services and other goods
-€556,734
Staff costs
-€419,344
Depreciation
+€33,051
Write-downs
+€143,068
Other operating charges
-€4,728
Other operating items
-€25,084
Financial income
+€14,229
Financial charges
+€190,020
Taxes
+€169,093
Result 2025
-€628,589
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.
From operations
-€586,542
Investment
-€220,169
Financing
+€732,822
Cash 2024
€110,779
From operations (derived)
-€586,542
Net result for the year
-€628,589
Depreciation
+€77,804
Stocks and contracts
-€281,062
Receivables within one year
-€378,654
Deferred charges and accrued income
-€27,740
Trade debts
+€988,106
Tax, wage and social debts
-€153,248
Other debts
-€183,155
Accrued charges and deferred income
-€5
Investment (derived)
-€220,169
Investment in fixed assets (net)
-€220,169
Financing
+€732,822
Debts after one year
-€40,122
Current portion of long-term debt
+€1,649
Short-term financial debts
+€771,295
Cash 2025
€36,890
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,203,136 | €23,959,068 | +€755,932 | +3.3% |
| Fixed assets | 21/28 | €400,160 | €542,525 | +€142,364 | +35.6% |
| Tangible fixed assets | 22/27 | €397,366 | €389,730 | -€7,636 | -1.9% |
| Plant, machinery and equipment | 23 | €19,609 | €30,720 | +€11,111 | +56.7% |
| Furniture and vehicles | 24 | €110,435 | €121,494 | +€11,059 | +10.0% |
| Other tangible fixed assets | 26 | €267,322 | €237,517 | -€29,805 | -11.1% |
| Financial fixed assets | 28 | €2,795 | €152,795 | +€150,000 | +5367.6% |
| Other financial fixed assets | 284/8 | €2,795 | €152,795 | +€150,000 | +5367.6% |
| Shares | 284 | - | €150,000 | +€150,000 | |
| Amounts receivable and cash guarantees | 285/8 | €2,795 | €2,795 | = | 0.0% |
| Current assets | 29/58 | €22,802,976 | €23,416,543 | +€613,567 | +2.7% |
| Stocks and contracts in progress | 3 | €4,887,748 | €5,168,810 | +€281,062 | +5.8% |
| Stocks | 30/36 | €4,887,748 | €5,168,810 | +€281,062 | +5.8% |
| Goods purchased for resale | 34 | €4,887,748 | €5,168,810 | +€281,062 | +5.8% |
| Amounts receivable within one year | 40/41 | €17,759,369 | €18,138,023 | +€378,654 | +2.1% |
| Trade receivables | 40 | €8,778,374 | €8,780,283 | +€1,909 | 0.0% |
| Other amounts receivable | 41 | €8,980,996 | €9,357,740 | +€376,744 | +4.2% |
| Cash at bank and in hand | 54/58 | €110,779 | €36,890 | -€73,889 | -66.7% |
| Deferred charges and accrued income | 490/1 | €45,080 | €72,820 | +€27,740 | +61.5% |
| Total equity and liabilities | 10/49 | €23,203,136 | €23,959,068 | +€755,932 | +3.3% |
| Equity | 10/15 | €8,411,412 | €7,782,823 | -€628,589 | -7.5% |
| Contributions | 10/11 | €1,172,265 | €1,172,265 | = | 0.0% |
| Capital | 10 | €1,172,265 | €1,172,265 | = | 0.0% |
| Issued capital | 100 | €1,172,265 | €1,172,265 | = | 0.0% |
| Reserves | 13 | €239,590 | €239,590 | = | 0.0% |
| Non-distributable reserves | 130/1 | €183,363 | €183,363 | = | 0.0% |
| Legal reserve | 130 | €117,226 | €117,226 | = | 0.0% |
| Other | 1319 | €66,137 | €66,137 | = | 0.0% |
| Tax-exempt reserves | 132 | €44,544 | €44,544 | = | 0.0% |
| Distributable reserves | 133 | €11,683 | €11,683 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,999,557 | €6,370,968 | -€628,589 | -9.0% |
| Provisions and deferred taxes | 16 | €82,860 | €82,860 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €82,860 | €82,860 | = | 0.0% |
| Pensions and similar obligations | 160 | €2,860 | €2,860 | = | 0.0% |
| Major repairs and maintenance | 162 | €80,000 | €80,000 | = | 0.0% |
| Amounts payable | 17/49 | €14,708,864 | €16,093,385 | +€1.4m | +9.4% |
| Amounts payable after more than one year | 17 | €155,715 | €115,593 | -€40,122 | -25.8% |
| Financial debts | 170/4 | €155,715 | €115,593 | -€40,122 | -25.8% |
| Credit institutions | 173 | €155,715 | €115,593 | -€40,122 | -25.8% |
| Amounts payable within one year | 42/48 | €14,515,344 | €15,939,992 | +€1.4m | +9.8% |
| Current portion of amounts payable after more than one year | 42 | €38,473 | €40,122 | +€1,649 | +4.3% |
| Financial debts | 43 | €6,329,918 | €7,101,213 | +€771,295 | +12.2% |
| Credit institutions | 430/8 | €6,329,918 | €7,101,213 | +€771,295 | +12.2% |
| Trade debts | 44 | €4,060,474 | €5,048,580 | +€988,106 | +24.3% |
| Suppliers | 440/4 | €4,060,474 | €5,048,580 | +€988,106 | +24.3% |
| Taxes, remuneration and social security | 45 | €905,625 | €752,377 | -€153,248 | -16.9% |
| Taxes | 450/3 | €605,444 | €419,684 | -€185,760 | -30.7% |
| Remuneration and social security | 454/9 | €300,181 | €332,693 | +€32,512 | +10.8% |
| Other amounts payable | 47/48 | €3,180,855 | €2,997,699 | -€183,155 | -5.8% |
| Accrued charges and deferred income | 492/3 | €37,805 | €37,800 | -€5 | 0.0% |
| Operating income | 70/76A | €58,345,455 | €53,215,413 | -€5.1m | -8.8% |
| Turnover | 70 | €57,896,494 | €52,870,044 | -€5.0m | -8.7% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €653 | - | -€653 | |
| Other operating income | 74 | €424,716 | €345,368 | -€79,348 | -18.7% |
| Non-recurring operating income | 76A | €23,591 | - | -€23,591 | |
| Operating charges | 60/66A | €57,555,649 | €53,796,786 | -€3.8m | -6.5% |
| Goods for resale, raw materials and consumables | 60 | €50,362,897 | €45,798,508 | -€4.6m | -9.1% |
| Purchases | 600/8 | €49,205,460 | €45,986,771 | -€3.2m | -6.5% |
| Change in stocks: decrease (increase) | 609 | €1,157,436 | -€188,263 | -€1.3m | |
| Services and other goods | 61 | €3,746,931 | €4,303,665 | +€556,734 | +14.9% |
| Remuneration, social security and pensions | 62 | €3,173,594 | €3,592,938 | +€419,344 | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,855 | €77,804 | -€33,051 | -29.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €71,698 | -€71,370 | -€143,068 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €0 | = | |
| Other operating charges | 640/8 | €89,674 | €94,402 | +€4,728 | +5.3% |
| Non-recurring operating charges | 66A | - | €839 | +€839 | |
| Operating profit (loss) | 9901 | €789,806 | -€581,374 | -€1.4m | |
| Financial income | 75/76B | €221,614 | €235,843 | +€14,229 | +6.4% |
| Recurring financial income | 75 | €221,614 | €235,843 | +€14,229 | +6.4% |
| Income from current assets | 751 | €200,522 | €182,502 | -€18,019 | -9.0% |
| Other financial income | 752/9 | €21,093 | €53,341 | +€32,248 | +152.9% |
| Financial charges | 65/66B | €479,535 | €289,515 | -€190,020 | -39.6% |
| Recurring financial charges | 65 | €479,535 | €289,515 | -€190,020 | -39.6% |
| Debt charges | 650 | €347,916 | €209,689 | -€138,227 | -39.7% |
| Other financial charges | 652/9 | €131,619 | €79,826 | -€51,793 | -39.4% |
| Profit (loss) for the period before taxes | 9903 | €531,886 | -€635,046 | -€1.2m | |
| Income taxes | 67/77 | €162,636 | -€6,457 | -€169,093 | |
| Taxes | 670/3 | €170,000 | - | -€170,000 | |
| Tax adjustments and reversals of tax provisions | 77 | €7,364 | €6,457 | -€907 | -12.3% |
| Profit (loss) for the period | 9904 | €369,250 | -€628,589 | -€997,839 | |
| Profit (loss) for the period to be appropriated | 9905 | €369,250 | -€628,589 | -€997,839 |
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 8 October 2026 via checked.be.