PACK HOLDING: 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.
PACK HOLDING
Largest movements
- Receivables after one year -€196,113
down €196,113 (-96.1%), from €204,008 to €7,894
- Cash -€47,143
down €47,143 (-11.3%), from €416,338 to €369,195
mainly Other debts (-€204,995) and Investment in fixed assets (net) (-€40,834)
- Tangible fixed assets +€30,951
up €30,951 (+309.6%), from €9,997 to €40,948
of which Furniture and vehicles: +€27,045
- Receivables within one year +€19,524
up €19,524 (+5.7%), from €344,287 to €363,811
of which Other amounts receivable: +€74,401
- Other debts -€204,995
down €204,995 (-78.0%), from €262,814 to €57,819
- Reserves +€26,325
up €26,325 (+3.4%), from €778,769 to €805,095
- Tax, wage and social debts -€12,858
down €12,858 (-61.7%), from €20,827 to €7,969
of which Taxes: -€12,858
- Financial income -€80,346
down €80,346 (-82.7%), from €97,200 to €16,854
- Gross operating margin -€33,431
down €33,431 (-51.4%), from €65,045 to €31,614
- Taxes -€20,134
down €20,134 (-66.5%), from €30,256 to €10,122
- Depreciation +€5,973
up €5,973 (+152.8%), from €3,910 to €9,883
- Other operating charges -€882
down €882 (-33.2%), from €2,661 to €1,779
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,070,086 | €875,206 | -€194,880 | -18.2% |
| Fixed assets | 21/28 | €102,456 | €133,407 | +€30,951 | +30.2% |
| Tangible fixed assets | 22/27 | €9,997 | €40,948 | +€30,951 | +309.6% |
| Plant, machinery and equipment | 23 | - | €3,907 | +€3,907 | |
| Furniture and vehicles | 24 | €9,997 | €37,042 | +€27,045 | +270.5% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €92,459 | €92,459 | = | 0.0% |
| Current assets | 29/58 | €967,630 | €741,799 | -€225,831 | -23.3% |
| Amounts receivable after more than one year | 29 | €204,008 | €7,894 | -€196,113 | -96.1% |
| Other amounts receivable | 291 | €204,008 | €7,894 | -€196,113 | -96.1% |
| Amounts receivable within one year | 40/41 | €344,287 | €363,811 | +€19,524 | +5.7% |
| Trade receivables | 40 | €68,717 | €13,841 | -€54,877 | -79.9% |
| Other amounts receivable | 41 | €275,570 | €349,971 | +€74,401 | +27.0% |
| Cash at bank and in hand | 54/58 | €416,338 | €369,195 | -€47,143 | -11.3% |
| Deferred charges and accrued income | 490/1 | €2,997 | €898 | -€2,099 | -70.0% |
| Total equity and liabilities | 10/49 | €1,070,086 | €875,206 | -€194,880 | -18.2% |
| Equity | 10/15 | €781,269 | €807,595 | +€26,325 | +3.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €778,769 | €805,095 | +€26,325 | +3.4% |
| Distributable reserves | 133 | €778,769 | €805,095 | +€26,325 | +3.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €288,817 | €67,612 | -€221,206 | -76.6% |
| Amounts payable within one year | 42/48 | €288,817 | €67,612 | -€221,206 | -76.6% |
| Trade debts | 44 | €5,176 | €1,824 | -€3,352 | -64.8% |
| Suppliers | 440/4 | €5,176 | €1,824 | -€3,352 | -64.8% |
| Taxes, remuneration and social security | 45 | €20,827 | €7,969 | -€12,858 | -61.7% |
| Taxes | 450/3 | €18,477 | €5,619 | -€12,858 | -69.6% |
| Remuneration and social security | 454/9 | €2,350 | €2,350 | = | 0.0% |
| Other amounts payable | 47/48 | €262,814 | €57,819 | -€204,995 | -78.0% |
| Non-recurring operating income | 76A | - | €16,549 | +€16,549 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,910 | €9,883 | +€5,973 | +152.8% |
| Other operating charges | 640/8 | €2,661 | €1,779 | -€882 | -33.2% |
| Gross operating margin | 9900 | €65,045 | €31,614 | -€33,431 | -51.4% |
| Operating profit (loss) | 9901 | €58,474 | €19,952 | -€38,522 | -65.9% |
| Financial income | 75/76B | €97,200 | €16,854 | -€80,346 | -82.7% |
| Recurring financial income | 75 | €97,200 | €16,854 | -€80,346 | -82.7% |
| Financial charges | 65/66B | €818 | €359 | -€459 | -56.1% |
| Recurring financial charges | 65 | €818 | €359 | -€459 | -56.1% |
| Profit (loss) for the period before taxes | 9903 | €154,857 | €36,447 | -€118,410 | -76.5% |
| Income taxes | 67/77 | €30,256 | €10,122 | -€20,134 | -66.5% |
| Profit (loss) for the period | 9904 | €124,601 | €26,325 | -€98,276 | -78.9% |
| Profit (loss) for the period to be appropriated | 9905 | €124,601 | €26,325 | -€98,276 | -78.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.