J & S PACKAGING SERVICES: 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.
J & S PACKAGING SERVICES
Largest movements
- Tangible fixed assets +€1.4m
up €1.4m (+77.2%), from €1.8m to €3.2m
of which Plant, machinery and equipment: +€1.5m
- Cash +€487,307
up €487,307 (+60.3%), from €808,679 to €1.3m
mainly Accrued charges and deferred income (+€1.5m) and Depreciation (+€498,749)
- Receivables within one year +€322,509
up €322,509 (+16.1%), from €2.0m to €2.3m
of which Trade receivables: +€359,754
- Stocks and contracts -€148,558
down €148,558 (-17.8%), from €832,558 to €684,000
- Accrued charges and deferred income +€1.5m
new in 2025: €1.5m
- Profit (loss) carried forward +€480,833
up €480,833 (+24.6%), from €2.0m to €2.4m
- Trade debts +€385,414
up €385,414 (+22.5%), from €1.7m to €2.1m
- Debts after one year -€292,982
down €292,982 (-29.0%), from €1.0m to €716,403
- Staff costs +€228,178
up €228,178 (+11.0%), from €2.1m to €2.3m
- Gross operating margin +€102,533
up €102,533 (+3.1%), from €3.3m to €3.4m
- Other operating charges -€52,076
down €52,076 (-93.1%), from €55,963 to €3,887
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 | €5,476,916 | €7,553,064 | +€2.1m | +37.9% |
| Fixed assets | 21/28 | €1,832,758 | €3,247,648 | +€1.4m | +77.2% |
| Tangible fixed assets | 22/27 | €1,832,758 | €3,247,648 | +€1.4m | +77.2% |
| Land and buildings | 22 | €812,919 | €772,459 | -€40,459 | -5.0% |
| Plant, machinery and equipment | 23 | €878,559 | €2,386,900 | +€1.5m | +171.7% |
| Furniture and vehicles | 24 | €141,281 | €88,289 | -€52,992 | -37.5% |
| Current assets | 29/58 | €3,644,158 | €4,305,416 | +€661,258 | +18.1% |
| Stocks and contracts in progress | 3 | €832,558 | €684,000 | -€148,558 | -17.8% |
| Stocks | 30/36 | €832,558 | €684,000 | -€148,558 | -17.8% |
| Amounts receivable within one year | 40/41 | €2,002,921 | €2,325,430 | +€322,509 | +16.1% |
| Trade receivables | 40 | €1,926,844 | €2,286,597 | +€359,754 | +18.7% |
| Other amounts receivable | 41 | €76,077 | €38,833 | -€37,245 | -49.0% |
| Cash at bank and in hand | 54/58 | €808,679 | €1,295,986 | +€487,307 | +60.3% |
| Total equity and liabilities | 10/49 | €5,476,916 | €7,553,064 | +€2.1m | +37.9% |
| Equity | 10/15 | €2,325,456 | €2,806,289 | +€480,833 | +20.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €350,028 | €350,028 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €134,268 | €134,268 | = | 0.0% |
| Distributable reserves | 133 | €213,900 | €213,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,956,829 | €2,437,661 | +€480,833 | +24.6% |
| Provisions and deferred taxes | 16 | €99,443 | €99,443 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €40,000 | €40,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €40,000 | €40,000 | = | 0.0% |
| Deferred taxes | 168 | €59,443 | €59,443 | = | 0.0% |
| Amounts payable | 17/49 | €3,052,017 | €4,647,333 | +€1.6m | +52.3% |
| Amounts payable after more than one year | 17 | €1,009,385 | €716,403 | -€292,982 | -29.0% |
| Financial debts | 170/4 | €1,009,385 | €716,403 | -€292,982 | -29.0% |
| Amounts payable within one year | 42/48 | €2,042,632 | €2,428,046 | +€385,414 | +18.9% |
| Current portion of amounts payable after more than one year | 42 | €292,982 | €292,982 | = | 0.0% |
| Trade debts | 44 | €1,712,825 | €2,098,239 | +€385,414 | +22.5% |
| Suppliers | 440/4 | €1,712,825 | €2,098,239 | +€385,414 | +22.5% |
| Other amounts payable | 47/48 | €36,825 | €36,825 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €1,502,884 | +€1.5m | |
| Remuneration, social security and pensions | 62 | €2,071,198 | €2,299,376 | +€228,178 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €498,749 | €498,749 | = | 0.0% |
| Other operating charges | 640/8 | €55,963 | €3,887 | -€52,076 | -93.1% |
| Gross operating margin | 9900 | €3,260,982 | €3,363,515 | +€102,533 | +3.1% |
| Operating profit (loss) | 9901 | €635,072 | €561,502 | -€73,570 | -11.6% |
| Financial income | 75/76B | - | €31 | +€31 | |
| Recurring financial income | 75 | - | €31 | +€31 | |
| Financial charges | 65/66B | €28,722 | €30,700 | +€1,978 | +6.9% |
| Recurring financial charges | 65 | €28,722 | €30,700 | +€1,978 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | €606,350 | €530,833 | -€75,517 | -12.5% |
| Income taxes | 67/77 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) for the period | 9904 | €556,350 | €480,833 | -€75,517 | -13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €556,350 | €480,833 | -€75,517 | -13.6% |
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 10 October 2026 via checked.be.