NEW PRODUCT-PACKLAB: 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.
NEW PRODUCT-PACKLAB
Largest movements
- Receivables within one year -€756,272
down €756,272 (-28.4%), from €2.7m to €1.9m
of which Other amounts receivable: -€635,143
- Tangible fixed assets -€69,222
down €69,222 (-12.1%), from €571,790 to €502,568
of which Plant, machinery and equipment: -€67,940
- Other debts -€349,995
down €349,995 (-30.4%), from €1.2m to €801,703
- Profit (loss) carried forward -€282,757
down €282,757 (-13.4%), from -€2.1m to -€2.4m
- Debts after one year -€185,379
down €185,379 (-26.5%), from €699,467 to €514,088
- Tax, wage and social debts +€82,539
up €82,539 (+87.1%), from €94,812 to €177,351
of which Taxes: +€96,252
- Short-term financial debts -€40,116
down €40,116 (-2.0%), from €2.0m to €2.0m
- Staff costs +€102,575
up €102,575 (+27.5%), from €372,806 to €475,381
- Depreciation -€48,495
down €48,495 (-41.2%), from €117,718 to €69,222
- Gross operating margin +€40,826
up €40,826 (+12.4%), from €329,585 to €370,412
- Financial charges -€25,786
down €25,786 (-17.7%), from €145,331 to €119,546
- Write-downs -€11,419
down €11,419, from €3,462 to -€7,957
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 | €3,342,433 | €2,515,560 | -€826,873 | -24.7% |
| Fixed assets | 21/28 | €571,790 | €502,568 | -€69,222 | -12.1% |
| Tangible fixed assets | 22/27 | €571,790 | €502,568 | -€69,222 | -12.1% |
| Plant, machinery and equipment | 23 | €569,350 | €501,410 | -€67,940 | -11.9% |
| Furniture and vehicles | 24 | €2,440 | €1,158 | -€1,282 | -52.6% |
| Current assets | 29/58 | €2,770,643 | €2,012,993 | -€757,650 | -27.3% |
| Amounts receivable within one year | 40/41 | €2,661,770 | €1,905,498 | -€756,272 | -28.4% |
| Trade receivables | 40 | €1,327,683 | €1,206,554 | -€121,129 | -9.1% |
| Other amounts receivable | 41 | €1,334,087 | €698,944 | -€635,143 | -47.6% |
| Current investments | 50/53 | €84,000 | €84,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €24,291 | €22,912 | -€1,379 | -5.7% |
| Deferred charges and accrued income | 490/1 | €582 | €582 | = | 0.0% |
| Total equity and liabilities | 10/49 | €3,342,433 | €2,515,560 | -€826,873 | -24.7% |
| Equity | 10/15 | -€1,336,160 | -€1,622,627 | -€286,467 | -21.4% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Capital | 10 | €600,000 | €600,000 | = | 0.0% |
| Issued capital | 100 | €600,000 | €600,000 | = | 0.0% |
| Reserves | 13 | €47,000 | €47,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €47,000 | €47,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €47,000 | - | -€47,000 | |
| Own shares acquired | 1312 | - | €47,000 | +€47,000 | |
| Profit (loss) carried forward | 14 | -€2,109,384 | -€2,392,142 | -€282,757 | -13.4% |
| Investment grants | 15 | €126,224 | €122,515 | -€3,709 | -2.9% |
| Provisions and deferred taxes | 16 | €53,199 | €51,636 | -€1,563 | -2.9% |
| Deferred taxes | 168 | €53,199 | €51,636 | -€1,563 | -2.9% |
| Amounts payable | 17/49 | €4,625,394 | €4,086,551 | -€538,843 | -11.6% |
| Amounts payable after more than one year | 17 | €699,467 | €514,088 | -€185,379 | -26.5% |
| Financial debts | 170/4 | €699,467 | €514,088 | -€185,379 | -26.5% |
| Amounts payable within one year | 42/48 | €3,705,625 | €3,382,393 | -€323,233 | -8.7% |
| Current portion of amounts payable after more than one year | 42 | €177,958 | €185,379 | +€7,420 | +4.2% |
| Financial debts | 43 | €2,032,450 | €1,992,334 | -€40,116 | -2.0% |
| Credit institutions | 430/8 | €2,032,450 | €1,992,334 | -€40,116 | -2.0% |
| Trade debts | 44 | €248,707 | €225,626 | -€23,081 | -9.3% |
| Suppliers | 440/4 | €248,707 | €225,626 | -€23,081 | -9.3% |
| Taxes, remuneration and social security | 45 | €94,812 | €177,351 | +€82,539 | +87.1% |
| Taxes | 450/3 | €53,683 | €149,934 | +€96,252 | +179% |
| Remuneration and social security | 454/9 | €41,129 | €27,416 | -€13,713 | -33.3% |
| Other amounts payable | 47/48 | €1,151,698 | €801,703 | -€349,995 | -30.4% |
| Accrued charges and deferred income | 492/3 | €220,302 | €190,070 | -€30,232 | -13.7% |
| Remuneration, social security and pensions | 62 | €372,806 | €475,381 | +€102,575 | +27.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117,718 | €69,222 | -€48,495 | -41.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,462 | -€7,957 | -€11,419 | |
| Other operating charges | 640/8 | €1,952 | €2,249 | +€296 | +15.2% |
| Gross operating margin | 9900 | €329,585 | €370,412 | +€40,826 | +12.4% |
| Operating profit (loss) | 9901 | -€166,353 | -€168,484 | -€2,131 | -1.3% |
| Financial income | 75/76B | - | €5,272 | +€5,272 | |
| Recurring financial income | 75 | - | €5,272 | +€5,272 | |
| Financial charges | 65/66B | €145,331 | €119,546 | -€25,786 | -17.7% |
| Recurring financial charges | 65 | €145,331 | €119,546 | -€25,786 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | -€311,684 | -€282,757 | +€28,927 | +9.3% |
| Income taxes | 67/77 | -€196 | - | +€196 | |
| Profit (loss) for the period | 9904 | -€311,489 | -€282,757 | +€28,731 | +9.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€311,489 | -€282,757 | +€28,731 | +9.2% |
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 26 October 2026 via checked.be.