NUTRIPACK WAVRE: what changed
Two fiscal 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
NUTRIPACK WAVRE
NACE 17.120, Manufacture of paper and paper products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€4.3m
2024 · €514,107+€3.8m
Equity
€4.3m
2024 · €32,426+€4.3m
Cash
€281,634
2024 · €248,860+€32,774
Balance sheet total
€16.3m
2024 · €13.7m+€2.6m
Largest movements
Assets
- Receivables within one year +€4.2m
up €4.2m (+471.3%), from €900,599 to €5.1m
of which Other amounts receivable: +€4.9m
- Tangible fixed assets -€899,854
down €899,854 (-94.7%), from €950,047 to €50,194
of which Land and buildings: -€481,860
- Stocks and contracts -€766,079
down €766,079 (-100.0%), from €766,079 to €0
Equity and liabilities
- Profit (loss) carried forward +€4.3m
up €4.3m (+55.2%), from -€7.8m to -€3.5m
- Trade debts -€1.6m
down €1.6m (-49.6%), from €3.3m to €1.7m
- Other debts +€657,840
up €657,840 (+33.3%), from €2.0m to €2.6m
- Debts after one year -€611,831
down €611,831 (-11.8%), from €5.2m to €4.6m
- Accrued charges and deferred income -€507,168
down €507,168 (-78.3%), from €648,131 to €140,963
Income statement
- Gross operating margin +€3.8m
up €3.8m (+351.7%), from €1.1m to €4.9m
- Taxes +€240,411
up €240,411 (+40791.1%), from €589 to €241,000
- Write-downs -€139,426
down €139,426, from €30,878 to -€108,548
- Depreciation -€105,490
down €105,490 (-38.0%), from €277,657 to €172,167
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
€514,107
Gross operating margin
+€3.8m
Staff costs
+€21,484
Depreciation
+€105,490
Write-downs
+€139,426
Provisions
-€4,344
Other operating charges
+€5,882
Other operating items
-€77,311
Financial income
-€13,512
Financial charges
+€46,813
Taxes
-€240,411
Result 2025
€4.3m
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.
From operations
-€158,517
Investment
+€722,378
Financing
-€531,088
Cash 2024
€248,860
From operations (derived)
-€158,517
Net result for the year
+€4.3m
Depreciation
+€172,167
Stocks and contracts
+€766,079
Receivables within one year
-€4.2m
Smaller working-capital items
+€6,825
Trade debts
-€1.6m
Tax, wage and social debts
+€317,653
Other debts
+€657,840
Accrued charges and deferred income
-€507,168
Investment (derived)
+€722,378
Investment in fixed assets (net)
+€722,378
Financing
-€531,088
Debts after one year
-€611,831
Current portion of long-term debt
+€30,743
Short-term financial debts
+€50,000
Cash 2025
€281,634
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,718,041 | €16,332,558 | +€2.6m | +19.1% |
| Fixed assets | 21/28 | €11,796,293 | €10,901,748 | -€894,545 | -7.6% |
| Intangible fixed assets | 21 | - | €5,308 | +€5,308 | |
| Tangible fixed assets | 22/27 | €950,047 | €50,194 | -€899,854 | -94.7% |
| Land and buildings | 22 | €481,860 | €0 | -€481,860 | -100.0% |
| Plant, machinery and equipment | 23 | €445,472 | €50,194 | -€395,279 | -88.7% |
| Furniture and vehicles | 24 | €2,084 | €0 | -€2,084 | -100.0% |
| Assets under construction and advance payments | 27 | €20,630 | €0 | -€20,630 | -100.0% |
| Financial fixed assets | 28 | €10,846,246 | €10,846,246 | = | 0.0% |
| Current assets | 29/58 | €1,921,748 | €5,430,810 | +€3.5m | +182.6% |
| Stocks and contracts in progress | 3 | €766,079 | €0 | -€766,079 | -100.0% |
| Stocks | 30/36 | €766,079 | €0 | -€766,079 | -100.0% |
| Amounts receivable within one year | 40/41 | €900,599 | €5,145,448 | +€4.2m | +471.3% |
| Trade receivables | 40 | €859,064 | €188,537 | -€670,527 | -78.1% |
| Other amounts receivable | 41 | €41,535 | €4,956,911 | +€4.9m | +11834.3% |
| Cash at bank and in hand | 54/58 | €248,860 | €281,634 | +€32,774 | +13.2% |
| Deferred charges and accrued income | 490/1 | €6,209 | €3,728 | -€2,481 | -40.0% |
| Total equity and liabilities | 10/49 | €13,718,041 | €16,332,558 | +€2.6m | +19.1% |
| Equity | 10/15 | €32,426 | €4,338,598 | +€4.3m | +13279.9% |
| Contributions | 10/11 | €7,762,359 | €7,762,359 | = | 0.0% |
| Capital | 10 | €7,762,359 | €7,762,359 | = | 0.0% |
| Issued capital | 100 | €7,762,359 | €7,762,359 | = | 0.0% |
| Reserves | 13 | €64,874 | €64,874 | = | 0.0% |
| Non-distributable reserves | 130/1 | €64,874 | €64,874 | = | 0.0% |
| Legal reserve | 130 | €64,874 | €64,874 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,794,806 | -€3,488,635 | +€4.3m | +55.2% |
| Provisions and deferred taxes | 16 | €100,000 | €104,344 | +€4,344 | +4.3% |
| Provisions for liabilities and charges | 160/5 | €100,000 | €104,344 | +€4,344 | +4.3% |
| Other liabilities and charges | 164/5 | €100,000 | €104,344 | +€4,344 | +4.3% |
| Amounts payable | 17/49 | €13,585,615 | €11,889,617 | -€1.7m | -12.5% |
| Amounts payable after more than one year | 17 | €5,201,699 | €4,589,868 | -€611,831 | -11.8% |
| Financial debts | 170/4 | €5,201,699 | €4,589,868 | -€611,831 | -11.8% |
| Amounts payable within one year | 42/48 | €7,735,785 | €7,158,785 | -€577,000 | -7.5% |
| Current portion of amounts payable after more than one year | 42 | €1,859,340 | €1,890,083 | +€30,743 | +1.7% |
| Financial debts | 43 | €500,000 | €550,000 | +€50,000 | +10.0% |
| Credit institutions | 430/8 | €500,000 | €550,000 | +€50,000 | +10.0% |
| Trade debts | 44 | €3,290,669 | €1,657,434 | -€1.6m | -49.6% |
| Suppliers | 440/4 | €3,290,669 | €1,657,434 | -€1.6m | -49.6% |
| Taxes, remuneration and social security | 45 | €107,815 | €425,468 | +€317,653 | +294.6% |
| Taxes | 450/3 | €20,111 | €240,000 | +€219,889 | +1093.4% |
| Remuneration and social security | 454/9 | €87,704 | €185,468 | +€97,764 | +111.5% |
| Other amounts payable | 47/48 | €1,977,960 | €2,635,800 | +€657,840 | +33.3% |
| Accrued charges and deferred income | 492/3 | €648,131 | €140,963 | -€507,168 | -78.3% |
| Non-recurring operating income | 76A | €149,773 | €4,826,145 | +€4.7m | +3122.3% |
| Remuneration, social security and pensions | 62 | €1,284,394 | €1,262,910 | -€21,484 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €277,657 | €172,167 | -€105,490 | -38.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €30,878 | -€108,548 | -€139,426 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €4,344 | +€4,344 | |
| Other operating charges | 640/8 | €38,374 | €32,492 | -€5,882 | -15.3% |
| Non-recurring operating charges | 66A | €74,424 | €151,734 | +€77,311 | +103.9% |
| Gross operating margin | 9900 | €1,082,912 | €4,891,458 | +€3.8m | +351.7% |
| Operating profit (loss) | 9901 | -€622,815 | €3,376,359 | +€4.0m | |
| Financial income | 75/76B | €1,500,116 | €1,486,604 | -€13,512 | -0.9% |
| Recurring financial income | 75 | €1,500,116 | €1,486,604 | -€13,512 | -0.9% |
| Financial charges | 65/66B | €362,604 | €315,791 | -€46,813 | -12.9% |
| Recurring financial charges | 65 | €362,604 | €315,791 | -€46,813 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €514,696 | €4,547,171 | +€4.0m | +783.5% |
| Income taxes | 67/77 | €589 | €241,000 | +€240,411 | +40791.1% |
| Profit (loss) for the period | 9904 | €514,107 | €4,306,171 | +€3.8m | +737.6% |
| Profit (loss) for the period to be appropriated | 9905 | €514,107 | €4,306,171 | +€3.8m | +737.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.