PACK INTERIM: 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 INTERIM
Largest movements
- Cash -€93,371
down €93,371 (-34.6%), from €269,761 to €176,390
- Receivables within one year +€76,678
up €76,678 (+28.1%), from €272,974 to €349,652
of which Trade receivables: +€91,393
- Reserves -€52,094
down €52,094 (-21.0%), from €247,768 to €195,674
of which Distributable reserves: -€48,094
- Accrued charges and deferred income +€21,212
up €21,212 (+996.0%), from €2,130 to €23,341
- Tax, wage and social debts +€17,878
up €17,878 (+12.6%), from €142,383 to €160,261
of which Remuneration and social security: +€9,955
- Current portion of long-term debt -€15,000
no longer reported in 2024 (was €15,000)
- Staff costs +€255,491
up €255,491 (+20.3%), from €1.3m to €1.5m
- Gross operating margin +€233,563
up €233,563 (+18.8%), from €1.2m to €1.5m
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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €554,641 | €533,374 | -€21,267 | -3.8% |
| Fixed assets | 21/28 | €11,907 | €7,333 | -€4,574 | -38.4% |
| Tangible fixed assets | 22/27 | €4,574 | - | -€4,574 | |
| Furniture and vehicles | 24 | €4,574 | - | -€4,574 | |
| Financial fixed assets | 28 | €7,333 | €7,333 | = | 0.0% |
| Current assets | 29/58 | €542,735 | €526,042 | -€16,693 | -3.1% |
| Amounts receivable within one year | 40/41 | €272,974 | €349,652 | +€76,678 | +28.1% |
| Trade receivables | 40 | €254,157 | €345,550 | +€91,393 | +36.0% |
| Other amounts receivable | 41 | €18,817 | €4,102 | -€14,715 | -78.2% |
| Cash at bank and in hand | 54/58 | €269,761 | €176,390 | -€93,371 | -34.6% |
| Total equity and liabilities | 10/49 | €554,641 | €533,374 | -€21,267 | -3.8% |
| Equity | 10/15 | €287,768 | €239,674 | -€48,094 | -16.7% |
| Contributions | 10/11 | €40,000 | €44,000 | +€4,000 | +10.0% |
| Capital | 10 | €40,000 | - | -€40,000 | |
| Issued capital | 100 | €40,000 | - | -€40,000 | |
| Outside capital | 11 | - | €44,000 | +€44,000 | |
| Other | 1109/19 | - | €44,000 | +€44,000 | |
| Reserves | 13 | €247,768 | €195,674 | -€52,094 | -21.0% |
| Non-distributable reserves | 130/1 | €4,000 | - | -€4,000 | |
| Legal reserve | 130 | €4,000 | - | -€4,000 | |
| Distributable reserves | 133 | €243,768 | €195,674 | -€48,094 | -19.7% |
| Amounts payable | 17/49 | €266,873 | €293,700 | +€26,827 | +10.1% |
| Amounts payable within one year | 42/48 | €264,744 | €270,359 | +€5,615 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €15,000 | - | -€15,000 | |
| Trade debts | 44 | €107,361 | €110,099 | +€2,738 | +2.6% |
| Suppliers | 440/4 | €107,361 | €110,099 | +€2,738 | +2.6% |
| Taxes, remuneration and social security | 45 | €142,383 | €160,261 | +€17,878 | +12.6% |
| Taxes | 450/3 | €15,502 | €23,424 | +€7,922 | +51.1% |
| Remuneration and social security | 454/9 | €126,881 | €136,837 | +€9,955 | +7.8% |
| Accrued charges and deferred income | 492/3 | €2,130 | €23,341 | +€21,212 | +996.0% |
| Non-recurring operating income | 76A | €36 | €132 | +€96 | +265.1% |
| Remuneration, social security and pensions | 62 | €1,258,705 | €1,514,196 | +€255,491 | +20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,489 | €4,574 | -€915 | -16.7% |
| Other operating charges | 640/8 | €663 | €1,330 | +€668 | +100.7% |
| Non-recurring operating charges | 66A | €21 | €2,092 | +€2,070 | +9719.4% |
| Gross operating margin | 9900 | €1,241,555 | €1,475,118 | +€233,563 | +18.8% |
| Operating profit (loss) | 9901 | -€23,323 | -€47,074 | -€23,751 | -101.8% |
| Financial charges | 65/66B | €1,275 | €624 | -€651 | -51.1% |
| Recurring financial charges | 65 | €705 | €504 | -€202 | -28.6% |
| Non-recurring financial charges | 66B | €570 | €120 | -€450 | -78.9% |
| Profit (loss) for the period before taxes | 9903 | -€24,599 | -€47,698 | -€23,100 | -93.9% |
| Income taxes | 67/77 | €714 | €396 | -€318 | -44.6% |
| Profit (loss) for the period | 9904 | -€25,312 | -€48,094 | -€22,782 | -90.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,312 | -€48,094 | -€22,782 | -90.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 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.