GROSPACK: 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.
GROSPACK
Largest movements
- Receivables within one year +€291,625
up €291,625 (+30.8%), from €947,566 to €1.2m
of which Other amounts receivable: +€394,845
- Profit (loss) carried forward +€744,833
up €744,833 (+28.7%), from €2.6m to €3.3m
- Current portion of long-term debt -€262,500
down €262,500 (-66.7%), from €393,750 to €131,250
- Trade debts -€173,823
down €173,823 (-98.6%), from €176,356 to €2,533
- Tax, wage and social debts +€100,187
up €100,187 (+84.5%), from €118,620 to €218,807
- Other debts -€100,000
no longer reported in 2025 (was €100,000)
- Financial income -€1.5m
down €1.5m (-83.4%), from €1.8m to €293,145
- Gross operating margin +€370,938
up €370,938 (+140.1%), from €264,760 to €635,698
- Taxes +€134,998
up €134,998 (+321.4%), from €42,009 to €177,007
- Financial charges -€15,726
down €15,726 (-72.4%), from €21,731 to €6,005
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 | €4,164,885 | €4,385,894 | +€221,009 | +5.3% |
| Fixed assets | 21/28 | €3,045,070 | €3,045,070 | = | 0.0% |
| Tangible fixed assets | 22/27 | €45,070 | €45,070 | = | 0.0% |
| Land and buildings | 22 | €45,070 | €45,070 | = | 0.0% |
| Financial fixed assets | 28 | €3,000,000 | €3,000,000 | = | 0.0% |
| Current assets | 29/58 | €1,119,815 | €1,340,824 | +€221,009 | +19.7% |
| Amounts receivable after more than one year | 29 | €34,678 | - | -€34,678 | |
| Other amounts receivable | 291 | €34,678 | - | -€34,678 | |
| Amounts receivable within one year | 40/41 | €947,566 | €1,239,191 | +€291,625 | +30.8% |
| Trade receivables | 40 | €103,220 | - | -€103,220 | |
| Other amounts receivable | 41 | €844,346 | €1,239,191 | +€394,845 | +46.8% |
| Cash at bank and in hand | 54/58 | €137,571 | €101,633 | -€35,938 | -26.1% |
| Total equity and liabilities | 10/49 | €4,164,885 | €4,385,894 | +€221,009 | +5.3% |
| Equity | 10/15 | €3,256,897 | €4,001,730 | +€744,833 | +22.9% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Capital | 10 | - | €600,000 | +€600,000 | |
| Issued capital | 100 | - | €600,000 | +€600,000 | |
| Reserves | 13 | €60,000 | €60,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €60,000 | €60,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,596,897 | €3,341,730 | +€744,833 | +28.7% |
| Amounts payable | 17/49 | €907,988 | €384,164 | -€523,824 | -57.7% |
| Amounts payable after more than one year | 17 | €87,500 | - | -€87,500 | |
| Financial debts | 170/4 | €87,500 | - | -€87,500 | |
| Amounts payable within one year | 42/48 | €788,726 | €352,590 | -€436,136 | -55.3% |
| Current portion of amounts payable after more than one year | 42 | €393,750 | €131,250 | -€262,500 | -66.7% |
| Trade debts | 44 | €176,356 | €2,533 | -€173,823 | -98.6% |
| Suppliers | 440/4 | €176,356 | €2,533 | -€173,823 | -98.6% |
| Taxes, remuneration and social security | 45 | €118,620 | €218,807 | +€100,187 | +84.5% |
| Taxes | 450/3 | €118,620 | €218,807 | +€100,187 | +84.5% |
| Other amounts payable | 47/48 | €100,000 | - | -€100,000 | |
| Accrued charges and deferred income | 492/3 | €31,762 | €31,574 | -€188 | -0.6% |
| Other operating charges | 640/8 | €968 | €998 | +€30 | +3.1% |
| Gross operating margin | 9900 | €264,760 | €635,698 | +€370,938 | +140.1% |
| Operating profit (loss) | 9901 | €263,792 | €634,700 | +€370,908 | +140.6% |
| Financial income | 75/76B | €1,764,528 | €293,145 | -€1.5m | -83.4% |
| Recurring financial income | 75 | €1,764,528 | €293,145 | -€1.5m | -83.4% |
| Financial charges | 65/66B | €21,731 | €6,005 | -€15,726 | -72.4% |
| Recurring financial charges | 65 | €21,731 | €6,005 | -€15,726 | -72.4% |
| Profit (loss) for the period before taxes | 9903 | €2,006,589 | €921,840 | -€1.1m | -54.1% |
| Income taxes | 67/77 | €42,009 | €177,007 | +€134,998 | +321.4% |
| Profit (loss) for the period | 9904 | €1,964,580 | €744,833 | -€1.2m | -62.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,964,580 | €744,833 | -€1.2m | -62.1% |
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 11 October 2026 via checked.be.