PACK: 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.
PACK
Largest movements
- Receivables within one year +€13,800
up €13,800 (+6.9%), from €198,921 to €212,721
of which Other amounts receivable: +€19,768
- Trade debts +€8,523
up €8,523 (+28.3%), from €30,071 to €38,594
- Other debts +€3,753
up €3,753 (+2.6%), from €144,709 to €148,462
- Tax, wage and social debts -€3,460
down €3,460 (-78.2%), from €4,424 to €964
- Profit (loss) carried forward +€2,259
up €2,259 (+8.3%), from €27,147 to €29,406
- Gross operating margin -€7,907
down €7,907 (-21.9%), from €36,149 to €28,242
- Other operating charges -€5,069
down €5,069 (-79.6%), from €6,369 to €1,300
- Financial charges +€4,172
up €4,172 (+21.1%), from €19,758 to €23,930
- Depreciation -€1,760
no longer reported in 2025 (was €1,760)
- Taxes -€1,246
down €1,246 (-62.3%), from €1,999 to €753
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 | €213,171 | €224,246 | +€11,075 | +5.2% |
| Fixed assets | 21/28 | €2,000 | - | -€2,000 | |
| Financial fixed assets | 28 | €2,000 | - | -€2,000 | |
| Current assets | 29/58 | €211,171 | €224,246 | +€13,075 | +6.2% |
| Amounts receivable within one year | 40/41 | €198,921 | €212,721 | +€13,800 | +6.9% |
| Trade receivables | 40 | €6,810 | €842 | -€5,968 | -87.6% |
| Other amounts receivable | 41 | €192,111 | €211,879 | +€19,768 | +10.3% |
| Cash at bank and in hand | 54/58 | €1,595 | €870 | -€725 | -45.4% |
| Deferred charges and accrued income | 490/1 | €10,655 | €10,655 | -€0 | 0.0% |
| Total equity and liabilities | 10/49 | €213,171 | €224,246 | +€11,075 | +5.2% |
| Equity | 10/15 | €33,967 | €36,226 | +€2,259 | +6.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €620 | €620 | = | 0.0% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,147 | €29,406 | +€2,259 | +8.3% |
| Amounts payable | 17/49 | €179,204 | €188,020 | +€8,816 | +4.9% |
| Amounts payable within one year | 42/48 | €179,204 | €188,020 | +€8,816 | +4.9% |
| Trade debts | 44 | €30,071 | €38,594 | +€8,523 | +28.3% |
| Suppliers | 440/4 | €30,071 | €38,594 | +€8,523 | +28.3% |
| Taxes, remuneration and social security | 45 | €4,424 | €964 | -€3,460 | -78.2% |
| Taxes | 450/3 | €4,424 | €964 | -€3,460 | -78.2% |
| Other amounts payable | 47/48 | €144,709 | €148,462 | +€3,753 | +2.6% |
| Non-recurring operating income | 76A | €5,354 | - | -€5,354 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,760 | - | -€1,760 | |
| Other operating charges | 640/8 | €6,369 | €1,300 | -€5,069 | -79.6% |
| Non-recurring operating charges | 66A | €770 | - | -€770 | |
| Gross operating margin | 9900 | €36,149 | €28,242 | -€7,907 | -21.9% |
| Operating profit (loss) | 9901 | €27,250 | €26,942 | -€308 | -1.1% |
| Financial charges | 65/66B | €19,758 | €23,930 | +€4,172 | +21.1% |
| Recurring financial charges | 65 | €19,758 | €23,930 | +€4,172 | +21.1% |
| Profit (loss) for the period before taxes | 9903 | €7,492 | €3,012 | -€4,480 | -59.8% |
| Income taxes | 67/77 | €1,999 | €753 | -€1,246 | -62.3% |
| Profit (loss) for the period | 9904 | €5,493 | €2,259 | -€3,234 | -58.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,493 | €2,259 | -€3,234 | -58.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.