NEOPACK: 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.
What changed
NEOPACK
NACE 46.900, Non-specialised wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€113,859
2024 · -€501,272+€387,413
Equity
€898,425
2024 · €1.1m-€162,608
Cash
€132,757
2024 · €46,905+€85,852
Balance sheet total
€7.0m
2024 · €7.2m-€145,862
Largest movements
Assets
- Tangible fixed assets -€424,182
down €424,182 (-9.4%), from €4.5m to €4.1m
of which Leasing and similar rights: -€334,978
- Receivables within one year +€195,379
up €195,379 (+15.6%), from €1.2m to €1.4m
of which Trade receivables: +€195,379
- Cash +€85,852
up €85,852 (+183%), from €46,905 to €132,757
mainly Depreciation (+€750,416) and Other debts (+€340,451)
Equity and liabilities
- Other debts +€340,451
up €340,451 (+55,614%), from €612 to €341,063
- Debts after one year -€248,845
down €248,845 (-8.8%), from €2.8m to €2.6m
of which Financial debts: -€633,845
- Trade debts -€206,847
down €206,847 (-24.9%), from €831,873 to €625,026
- Short-term financial debts +€132,457
up €132,457 (+8.6%), from €1.5m to €1.7m
- Reserves -€113,859
down €113,859 (-14.0%), from €815,573 to €701,714
of which Distributable reserves: -€113,859
Income statement
- Turnover -€7.2m
no longer reported in 2025 (was €7.2m)
- Goods and materials -€3.9m
no longer reported in 2025 (was €3.9m)
of which Purchases: -€3.1m
- Gross operating margin +€2.2m
new in 2025: €2.2m
- Services and other goods -€1.9m
no longer reported in 2025 (was €1.9m)
- Other operating income -€145,577
no longer reported in 2025 (was €145,577)
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
-€501,272
Turnover
-€7.2m
Other operating income
-€145,577
Goods and materials
+€3.9m
Services and other goods
+€1.9m
Staff costs
+€32,860
Depreciation
-€7,285
Write-downs
-€74,751
Other operating charges
-€5,403
Other operating items
+€1.9m
Financial income
+€17,357
Financial charges
+€14,355
Taxes
-€3,444
Result 2025
-€113,859
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€610,345
Investment
-€326,406
Financing
-€198,087
Cash 2024
€46,905
From operations (derived)
+€610,345
Net result for the year
-€113,859
Depreciation
+€750,416
Stocks and contracts
+€6,459
Receivables within one year
-€195,379
Deferred charges and accrued income
-€3,375
Trade debts
-€206,847
Tax, wage and social debts
-€148
Other debts
+€340,451
Accrued charges and deferred income
+€32,626
Investment (derived)
-€326,406
Investment in fixed assets (net)
-€326,406
Financing
-€198,087
Debts after one year
-€248,845
Current portion of long-term debt
-€32,949
Short-term financial debts
+€132,457
Contributions, distributions and other
-€48,749
Cash 2025
€132,757
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,193,750 | €7,047,888 | -€145,862 | -2.0% |
| Fixed assets | 21/28 | €4,548,326 | €4,124,316 | -€424,010 | -9.3% |
| Intangible fixed assets | 21 | €44,257 | €44,429 | +€172 | +0.4% |
| Tangible fixed assets | 22/27 | €4,503,782 | €4,079,599 | -€424,182 | -9.4% |
| Plant, machinery and equipment | 23 | €1,447,057 | €1,387,384 | -€59,674 | -4.1% |
| Furniture and vehicles | 24 | €33,156 | €33,590 | +€434 | +1.3% |
| Leasing and similar rights | 25 | €2,799,286 | €2,464,308 | -€334,978 | -12.0% |
| Other tangible fixed assets | 26 | €224,283 | €194,318 | -€29,965 | -13.4% |
| Financial fixed assets | 28 | €288 | €288 | = | 0.0% |
| Other financial fixed assets | 284/8 | €288 | - | -€288 | |
| Amounts receivable and cash guarantees | 285/8 | €288 | - | -€288 | |
| Current assets | 29/58 | €2,645,424 | €2,923,572 | +€278,147 | +10.5% |
| Stocks and contracts in progress | 3 | €1,268,323 | €1,261,864 | -€6,459 | -0.5% |
| Stocks | 30/36 | €1,268,323 | €1,261,864 | -€6,459 | -0.5% |
| Raw materials and consumables | 30/31 | €222,397 | - | -€222,397 | |
| Finished goods | 33 | €364,359 | - | -€364,359 | |
| Goods purchased for resale | 34 | €681,568 | - | -€681,568 | |
| Amounts receivable within one year | 40/41 | €1,249,085 | €1,444,464 | +€195,379 | +15.6% |
| Trade receivables | 40 | €1,249,085 | €1,444,464 | +€195,379 | +15.6% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €46,905 | €132,757 | +€85,852 | +183% |
| Deferred charges and accrued income | 490/1 | €81,111 | €84,486 | +€3,375 | +4.2% |
| Total equity and liabilities | 10/49 | €7,193,750 | €7,047,888 | -€145,862 | -2.0% |
| Equity | 10/15 | €1,061,033 | €898,425 | -€162,608 | -15.3% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Capital | 10 | €99,157 | €99,157 | = | 0.0% |
| Issued capital | 100 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €815,573 | €701,714 | -€113,859 | -14.0% |
| Non-distributable reserves | 130/1 | €9,916 | €9,916 | = | 0.0% |
| Legal reserve | 130 | €9,916 | €9,916 | = | 0.0% |
| Distributable reserves | 133 | €805,657 | €691,798 | -€113,859 | -14.1% |
| Investment grants | 15 | €146,303 | €97,553 | -€48,749 | -33.3% |
| Amounts payable | 17/49 | €6,132,717 | €6,149,463 | +€16,746 | +0.3% |
| Amounts payable after more than one year | 17 | €2,833,432 | €2,584,587 | -€248,845 | -8.8% |
| Financial debts | 170/4 | €1,906,432 | €1,272,587 | -€633,845 | -33.2% |
| Leasing and similar obligations | 172 | €1,733,346 | - | -€1.7m | |
| Credit institutions | 173 | €173,086 | - | -€173,086 | |
| Other amounts payable | 178/9 | €927,000 | €1,312,000 | +€385,000 | +41.5% |
| Amounts payable within one year | 42/48 | €3,261,019 | €3,493,983 | +€232,964 | +7.1% |
| Current portion of amounts payable after more than one year | 42 | €699,077 | €666,128 | -€32,949 | -4.7% |
| Financial debts | 43 | €1,535,393 | €1,667,850 | +€132,457 | +8.6% |
| Credit institutions | 430/8 | €1,535,393 | €1,667,850 | +€132,457 | +8.6% |
| Trade debts | 44 | €831,873 | €625,026 | -€206,847 | -24.9% |
| Suppliers | 440/4 | €831,873 | €625,026 | -€206,847 | -24.9% |
| Taxes, remuneration and social security | 45 | €194,063 | €193,915 | -€148 | -0.1% |
| Taxes | 450/3 | €30,622 | €61,339 | +€30,716 | +100% |
| Remuneration and social security | 454/9 | €163,441 | €132,577 | -€30,864 | -18.9% |
| Other amounts payable | 47/48 | €612 | €341,063 | +€340,451 | +55,614% |
| Accrued charges and deferred income | 492/3 | €38,266 | €70,892 | +€32,626 | +85.3% |
| Operating income | 70/76A | €7,721,752 | - | -€7.7m | |
| Turnover | 70 | €7,192,681 | - | -€7.2m | |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €364,359 | - | -€364,359 | |
| Other operating income | 74 | €145,577 | - | -€145,577 | |
| Non-recurring operating income | 76A | €19,135 | €4,438 | -€14,697 | -76.8% |
| Operating charges | 60/66A | €8,054,117 | - | -€8.1m | |
| Goods for resale, raw materials and consumables | 60 | €3,943,921 | - | -€3.9m | |
| Purchases | 600/8 | €3,128,957 | - | -€3.1m | |
| Change in stocks: decrease (increase) | 609 | €814,964 | - | -€814,964 | |
| Services and other goods | 61 | €1,946,731 | - | -€1.9m | |
| Remuneration, social security and pensions | 62 | €1,470,399 | €1,437,539 | -€32,860 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €743,131 | €750,416 | +€7,285 | +1.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€75,466 | -€715 | +€74,751 | +99.1% |
| Other operating charges | 640/8 | €19,556 | €24,958 | +€5,403 | +27.6% |
| Non-recurring operating charges | 66A | €5,847 | €8,200 | +€2,353 | +40.2% |
| Gross operating margin | 9900 | - | €2,247,178 | +€2.2m | |
| Operating profit (loss) | 9901 | -€332,366 | €26,780 | +€359,146 | |
| Financial income | 75/76B | €35,479 | €52,836 | +€17,357 | +48.9% |
| Recurring financial income | 75 | €35,479 | €52,836 | +€17,357 | +48.9% |
| Income from current assets | 751 | €0 | - | = | |
| Other financial income | 752/9 | €35,479 | - | -€35,479 | |
| Financial charges | 65/66B | €207,155 | €192,801 | -€14,355 | -6.9% |
| Recurring financial charges | 65 | €207,155 | €192,801 | -€14,355 | -6.9% |
| Debt charges | 650 | €196,899 | - | -€196,899 | |
| Other financial charges | 652/9 | €10,257 | - | -€10,257 | |
| Profit (loss) for the period before taxes | 9903 | -€504,042 | -€113,185 | +€390,857 | +77.5% |
| Income taxes | 67/77 | -€2,770 | €674 | +€3,444 | |
| Taxes | 670/3 | €124 | - | -€124 | |
| Tax adjustments and reversals of tax provisions | 77 | €2,894 | - | -€2,894 | |
| Profit (loss) for the period | 9904 | -€501,272 | -€113,859 | +€387,413 | +77.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€501,272 | -€113,859 | +€387,413 | +77.3% |
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 15 October 2026 via checked.be.