GOZ PACK: 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.
GOZ PACK
Largest movements
- Cash +€30,808
up €30,808 (+403%), from €7,649 to €38,457
mainly Trade debts (+€56,552) and Net result for the year (+€15,689)
- Receivables within one year +€24,097
up €24,097 (+19.1%), from €126,125 to €150,222
of which Trade receivables: +€18,486
- Stocks and contracts -€14,361
down €14,361 (-18.6%), from €77,020 to €62,659
- Trade debts +€56,552
up €56,552 (+95.0%), from €59,499 to €116,051
- Other debts -€11,480
no longer reported in 2025 (was €11,480)
- Profit (loss) carried forward -€11,070
down €11,070 (-10.2%), from €109,014 to €97,944
- Tax, wage and social debts +€7,793
up €7,793 (+24.5%), from €31,847 to €39,640
of which Remuneration and social security: +€6,097
- Staff costs +€26,868
up €26,868 (+138%), from €19,532 to €46,400
- Taxes +€21,618
up €21,618 (+1,783%), from €1,213 to €22,831
- Write-downs +€14,649
new in 2025: €14,649
- Gross operating margin +€9,123
up €9,123 (+9.3%), from €98,211 to €107,334
- Other operating charges +€2,512
up €2,512 (+234%), from €1,075 to €3,587
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 | €221,840 | €263,635 | +€41,795 | +18.8% |
| Fixed assets | 21/28 | €8,444 | €9,039 | +€595 | +7.0% |
| Tangible fixed assets | 22/27 | €6,044 | €6,639 | +€595 | +9.8% |
| Furniture and vehicles | 24 | €6,044 | €6,639 | +€595 | +9.8% |
| Financial fixed assets | 28 | €2,400 | €2,400 | = | 0.0% |
| Current assets | 29/58 | €213,395 | €254,596 | +€41,201 | +19.3% |
| Stocks and contracts in progress | 3 | €77,020 | €62,659 | -€14,361 | -18.6% |
| Stocks | 30/36 | €77,020 | €62,659 | -€14,361 | -18.6% |
| Amounts receivable within one year | 40/41 | €126,125 | €150,222 | +€24,097 | +19.1% |
| Trade receivables | 40 | €125,763 | €144,249 | +€18,486 | +14.7% |
| Other amounts receivable | 41 | €361 | €5,973 | +€5,612 | +1,554% |
| Cash at bank and in hand | 54/58 | €7,649 | €38,457 | +€30,808 | +403% |
| Deferred charges and accrued income | 490/1 | €2,601 | €3,258 | +€657 | +25.2% |
| Total equity and liabilities | 10/49 | €221,840 | €263,635 | +€41,795 | +18.8% |
| Equity | 10/15 | €119,014 | €107,944 | -€11,070 | -9.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €109,014 | €97,944 | -€11,070 | -10.2% |
| Amounts payable | 17/49 | €102,825 | €155,691 | +€52,866 | +51.4% |
| Amounts payable within one year | 42/48 | €102,825 | €155,691 | +€52,866 | +51.4% |
| Trade debts | 44 | €59,499 | €116,051 | +€56,552 | +95.0% |
| Suppliers | 440/4 | €59,499 | €116,051 | +€56,552 | +95.0% |
| Taxes, remuneration and social security | 45 | €31,847 | €39,640 | +€7,793 | +24.5% |
| Taxes | 450/3 | €26,716 | €28,413 | +€1,697 | +6.4% |
| Remuneration and social security | 454/9 | €5,130 | €11,227 | +€6,097 | +119% |
| Other amounts payable | 47/48 | €11,480 | - | -€11,480 | |
| Remuneration, social security and pensions | 62 | €19,532 | €46,400 | +€26,868 | +138% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,132 | €1,352 | +€220 | +19.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €14,649 | +€14,649 | |
| Other operating charges | 640/8 | €1,075 | €3,587 | +€2,512 | +234% |
| Non-recurring operating charges | 66A | - | €2,826 | +€2,826 | |
| Gross operating margin | 9900 | €98,211 | €107,334 | +€9,123 | +9.3% |
| Operating profit (loss) | 9901 | €76,472 | €38,520 | -€37,952 | -49.6% |
| Financial income | 75/76B | €33 | €15 | -€18 | -54.2% |
| Recurring financial income | 75 | €33 | €15 | -€18 | -54.2% |
| Financial charges | 65/66B | €356 | €15 | -€341 | -95.8% |
| Recurring financial charges | 65 | €356 | €15 | -€341 | -95.8% |
| Non-recurring financial charges | 66B | - | €15 | +€15 | |
| Profit (loss) for the period before taxes | 9903 | €76,148 | €38,520 | -€37,628 | -49.4% |
| Income taxes | 67/77 | €1,213 | €22,831 | +€21,618 | +1,783% |
| Profit (loss) for the period | 9904 | €74,936 | €15,689 | -€59,247 | -79.1% |
| Profit (loss) for the period to be appropriated | 9905 | €74,936 | €15,689 | -€59,247 | -79.1% |
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 25 October 2026 via checked.be.