PACK CENTER: 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 CENTER
Largest movements
- Tangible fixed assets +€4.7m
up €4.7m (+961.5%), from €484,542 to €5.1m
of which Land and buildings: +€4.5m
- Cash -€295,888
down €295,888 (-60.1%), from €492,075 to €196,187
mainly Investment in fixed assets (net) (-€5.0m) and Receivables after one year (-€295,750)
- Receivables after one year +€295,750
up €295,750 (+197.2%), from €150,000 to €445,750
- Receivables within one year -€150,211
down €150,211 (-31.9%), from €470,233 to €320,022
of which Other amounts receivable: -€146,956
- Debts after one year +€4.3m
new in 2024: €4.3m
of which Financial debts: +€3.1m
- Current portion of long-term debt +€168,368
new in 2024: €168,368
- Investment grants -€100,903
no longer reported in 2024 (was €100,903)
- Trade debts +€94,261
up €94,261 (+46.9%), from €201,154 to €295,415
- Accrued charges and deferred income +€65,925
new in 2024: €65,925
- Depreciation +€318,783
up €318,783 (+1246.7%), from €25,569 to €344,352
- Staff costs -€156,071
down €156,071 (-86.4%), from €180,702 to €24,631
- Gross operating margin +€150,456
up €150,456 (+42.5%), from €354,205 to €504,661
- Financial income +€107,244
new in 2024: €107,244
of which Financial income: +€107,244
- Financial charges +€66,541
up €66,541 (+7576.0%), from €878 to €67,420
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,627,834 | €6,105,451 | +€4.5m | +275.1% |
| Fixed assets | 21/28 | €489,755 | €5,143,493 | +€4.7m | +950.2% |
| Tangible fixed assets | 22/27 | €484,542 | €5,143,493 | +€4.7m | +961.5% |
| Land and buildings | 22 | €394,151 | €4,848,235 | +€4.5m | +1130.0% |
| Plant, machinery and equipment | 23 | €6,723 | €50,657 | +€43,934 | +653.5% |
| Furniture and vehicles | 24 | €26 | €0 | -€26 | -100.0% |
| Other tangible fixed assets | 26 | €83,643 | €244,601 | +€160,958 | +192.4% |
| Financial fixed assets | 28 | €5,213 | - | -€5,213 | |
| Current assets | 29/58 | €1,138,079 | €961,959 | -€176,120 | -15.5% |
| Amounts receivable after more than one year | 29 | €150,000 | €445,750 | +€295,750 | +197.2% |
| Other amounts receivable | 291 | €150,000 | €445,750 | +€295,750 | +197.2% |
| Stocks and contracts in progress | 3 | €25,771 | - | -€25,771 | |
| Stocks | 30/36 | €25,771 | - | -€25,771 | |
| Amounts receivable within one year | 40/41 | €470,233 | €320,022 | -€150,211 | -31.9% |
| Trade receivables | 40 | €320,340 | €317,085 | -€3,255 | -1.0% |
| Other amounts receivable | 41 | €149,893 | €2,936 | -€146,956 | -98.0% |
| Cash at bank and in hand | 54/58 | €492,075 | €196,187 | -€295,888 | -60.1% |
| Total equity and liabilities | 10/49 | €1,627,834 | €6,105,451 | +€4.5m | +275.1% |
| Equity | 10/15 | €1,365,427 | €1,273,026 | -€92,401 | -6.8% |
| Contributions | 10/11 | €198,500 | €198,500 | = | 0.0% |
| Capital | 10 | €198,500 | €198,500 | = | 0.0% |
| Issued capital | 100 | €198,500 | €198,500 | = | 0.0% |
| Reserves | 13 | €1,066,024 | €1,066,024 | = | 0.0% |
| Non-distributable reserves | 130/1 | €19,850 | €19,850 | = | 0.0% |
| Legal reserve | 130 | €19,850 | €19,850 | = | 0.0% |
| Distributable reserves | 133 | €1,046,174 | €1,046,174 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €8,501 | +€8,501 | |
| Investment grants | 15 | €100,903 | - | -€100,903 | |
| Amounts payable | 17/49 | €262,407 | €4,832,425 | +€4.6m | +1741.6% |
| Amounts payable after more than one year | 17 | - | €4,253,995 | +€4.3m | |
| Financial debts | 170/4 | - | €3,131,632 | +€3.1m | |
| Other amounts payable | 178/9 | - | €1,122,363 | +€1.1m | |
| Amounts payable within one year | 42/48 | €262,407 | €512,505 | +€250,098 | +95.3% |
| Current portion of amounts payable after more than one year | 42 | - | €168,368 | +€168,368 | |
| Trade debts | 44 | €201,154 | €295,415 | +€94,261 | +46.9% |
| Suppliers | 440/4 | €201,154 | €295,415 | +€94,261 | +46.9% |
| Taxes, remuneration and social security | 45 | €41,685 | €10,577 | -€31,108 | -74.6% |
| Taxes | 450/3 | €33,644 | €10,577 | -€23,068 | -68.6% |
| Remuneration and social security | 454/9 | €8,041 | - | -€8,041 | |
| Other amounts payable | 47/48 | €19,568 | €38,146 | +€18,578 | +94.9% |
| Accrued charges and deferred income | 492/3 | - | €65,925 | +€65,925 | |
| Remuneration, social security and pensions | 62 | €180,702 | €24,631 | -€156,071 | -86.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,569 | €344,352 | +€318,783 | +1246.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,065 | - | +€4,065 | |
| Other operating charges | 640/8 | €148,629 | €163,200 | +€14,571 | +9.8% |
| Gross operating margin | 9900 | €354,205 | €504,661 | +€150,456 | +42.5% |
| Operating profit (loss) | 9901 | €3,369 | -€27,522 | -€30,892 | |
| Financial income | 75/76B | - | €107,244 | +€107,244 | |
| Recurring financial income | 75 | - | €107,244 | +€107,244 | |
| Non-recurring financial income | 76B | - | €107,244 | +€107,244 | |
| Financial charges | 65/66B | €878 | €67,420 | +€66,541 | +7576.0% |
| Recurring financial charges | 65 | €878 | €67,420 | +€66,541 | +7576.0% |
| Profit (loss) for the period before taxes | 9903 | €2,491 | €12,302 | +€9,812 | +393.9% |
| Income taxes | 67/77 | €2,400 | €3,801 | +€1,401 | +58.4% |
| Profit (loss) for the period | 9904 | €91 | €8,501 | +€8,410 | +9247.2% |
| Profit (loss) for the period to be appropriated | 9905 | €91 | €8,501 | +€8,410 | +9247.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.