LOGISTICS & PACKAGING SOLUTIONS: 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.
LOGISTICS & PACKAGING SOLUTIONS
Largest movements
- Receivables after one year +€600,000
new in 2025: €600,000
- Cash -€513,871
down €513,871 (-61.8%), from €830,970 to €317,099
mainly Receivables after one year (-€600,000) and Receivables within one year (-€17,907)
- Receivables within one year +€17,907
up €17,907 (+8.3%), from €216,603 to €234,510
of which Trade receivables: +€17,016
- Reserves +€81,327
up €81,327 (+10.0%), from €810,258 to €891,584
of which Distributable reserves: +€81,327
- Staff costs +€78,871
up €78,871 (+3.9%), from €2.0m to €2.1m
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 | €1,050,974 | €1,151,920 | +€100,946 | +9.6% |
| Current assets | 29/58 | €1,050,974 | €1,151,920 | +€100,946 | +9.6% |
| Amounts receivable after more than one year | 29 | - | €600,000 | +€600,000 | |
| Other amounts receivable | 291 | - | €600,000 | +€600,000 | |
| Amounts receivable within one year | 40/41 | €216,603 | €234,510 | +€17,907 | +8.3% |
| Trade receivables | 40 | €214,721 | €231,737 | +€17,016 | +7.9% |
| Other amounts receivable | 41 | €1,882 | €2,773 | +€891 | +47.3% |
| Cash at bank and in hand | 54/58 | €830,970 | €317,099 | -€513,871 | -61.8% |
| Deferred charges and accrued income | 490/1 | €3,401 | €312 | -€3,089 | -90.8% |
| Total equity and liabilities | 10/49 | €1,050,974 | €1,151,920 | +€100,946 | +9.6% |
| Equity | 10/15 | €830,258 | €911,584 | +€81,327 | +9.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €810,258 | €891,584 | +€81,327 | +10.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €808,258 | €889,584 | +€81,327 | +10.1% |
| Amounts payable | 17/49 | €220,717 | €240,336 | +€19,620 | +8.9% |
| Amounts payable within one year | 42/48 | €220,717 | €239,629 | +€18,912 | +8.6% |
| Trade debts | 44 | €0 | €5,447 | +€5,447 | |
| Suppliers | 440/4 | €0 | €5,447 | +€5,447 | |
| Taxes, remuneration and social security | 45 | €220,717 | €231,054 | +€10,337 | +4.7% |
| Taxes | 450/3 | €36,372 | €39,647 | +€3,275 | +9.0% |
| Remuneration and social security | 454/9 | €184,345 | €191,407 | +€7,062 | +3.8% |
| Other amounts payable | 47/48 | - | €3,127 | +€3,127 | |
| Accrued charges and deferred income | 492/3 | - | €708 | +€708 | |
| Remuneration, social security and pensions | 62 | €2,032,474 | €2,111,345 | +€78,871 | +3.9% |
| Other operating charges | 640/8 | €668 | €1,287 | +€618 | +92.5% |
| Gross operating margin | 9900 | €2,228,884 | €2,220,793 | -€8,091 | -0.4% |
| Operating profit (loss) | 9901 | €195,742 | €108,161 | -€87,581 | -44.7% |
| Financial income | 75/76B | €16,830 | €9,251 | -€7,578 | -45.0% |
| Recurring financial income | 75 | €16,830 | €9,251 | -€7,578 | -45.0% |
| Financial charges | 65/66B | €1,163 | €1,452 | +€289 | +24.8% |
| Recurring financial charges | 65 | €1,163 | €1,452 | +€289 | +24.8% |
| Profit (loss) for the period before taxes | 9903 | €211,409 | €115,961 | -€95,448 | -45.1% |
| Income taxes | 67/77 | €53,127 | €34,635 | -€18,493 | -34.8% |
| Profit (loss) for the period | 9904 | €158,282 | €81,327 | -€76,955 | -48.6% |
| Profit (loss) for the period to be appropriated | 9905 | €158,282 | €81,327 | -€76,955 | -48.6% |
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 11 October 2026 via checked.be.