PACK INTERNATIONAL: 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 INTERNATIONAL
Largest movements
- Receivables within one year -€149,043
down €149,043 (-89.5%), from €166,540 to €17,497
of which Trade receivables: -€161,523
- Cash +€107,787
up €107,787 (+87.4%), from €123,272 to €231,059
mainly Receivables within one year (+€149,043) and Other debts (+€32,819)
- Tangible fixed assets +€57,717
up €57,717 (+529%), from €10,901 to €68,618
of which Furniture and vehicles: +€45,940
- Deferred charges and accrued income +€12,115
up €12,115 (+507%), from €2,390 to €14,505
- Other debts +€32,819
up €32,819 (+22.4%), from €146,320 to €179,138
- Tax, wage and social debts -€6,791
down €6,791 (-96.7%), from €7,025 to €234
- Short-term financial debts +€5,748
up €5,748 (+9,873%), from €58 to €5,806
- Current portion of long-term debt -€4,769
down €4,769 (-100%), from €4,769 to €0
- Trade debts +€3,712
up €3,712 (+4.2%), from €88,693 to €92,404
- Write-downs +€369,616
new in 2025: €369,616
- Gross operating margin +€232,822
up €232,822 (+139%), from €167,031 to €399,853
- Taxes -€26,837
down €26,837 (-100%), from €26,837 to €0
- Depreciation +€12,998
up €12,998 (+225%), from €5,779 to €18,777
- Financial charges +€8,019
up €8,019 (+163%), from €4,917 to €12,935
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.
Derived cash bridge
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 | €303,582 | €332,159 | +€28,576 | +9.4% |
| Fixed assets | 21/28 | €11,381 | €69,098 | +€57,717 | +507% |
| Tangible fixed assets | 22/27 | €10,901 | €68,618 | +€57,717 | +529% |
| Plant, machinery and equipment | 23 | €2,007 | €1,822 | -€185 | -9.2% |
| Furniture and vehicles | 24 | €4,884 | €50,824 | +€45,940 | +941% |
| Other tangible fixed assets | 26 | €4,011 | €15,973 | +€11,962 | +298% |
| Financial fixed assets | 28 | €480 | €480 | = | 0.0% |
| Current assets | 29/58 | €292,201 | €263,061 | -€29,140 | -10.0% |
| Amounts receivable within one year | 40/41 | €166,540 | €17,497 | -€149,043 | -89.5% |
| Trade receivables | 40 | €161,523 | €0 | -€161,523 | -100% |
| Other amounts receivable | 41 | €5,017 | €17,497 | +€12,481 | +249% |
| Cash at bank and in hand | 54/58 | €123,272 | €231,059 | +€107,787 | +87.4% |
| Deferred charges and accrued income | 490/1 | €2,390 | €14,505 | +€12,115 | +507% |
| Total equity and liabilities | 10/49 | €303,582 | €332,159 | +€28,576 | +9.4% |
| Equity | 10/15 | €56,718 | €54,576 | -€2,142 | -3.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €38,118 | €35,976 | -€2,142 | -5.6% |
| Distributable reserves | 133 | €38,118 | €35,976 | -€2,142 | -5.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €246,865 | €277,583 | +€30,718 | +12.4% |
| Amounts payable within one year | 42/48 | €246,865 | €277,583 | +€30,718 | +12.4% |
| Current portion of amounts payable after more than one year | 42 | €4,769 | €0 | -€4,769 | -100% |
| Financial debts | 43 | €58 | €5,806 | +€5,748 | +9,873% |
| Credit institutions | 430/8 | €58 | €5,806 | +€5,748 | +9,873% |
| Trade debts | 44 | €88,693 | €92,404 | +€3,712 | +4.2% |
| Suppliers | 440/4 | €88,693 | €92,404 | +€3,712 | +4.2% |
| Taxes, remuneration and social security | 45 | €7,025 | €234 | -€6,791 | -96.7% |
| Taxes | 450/3 | €7,025 | €234 | -€6,791 | -96.7% |
| Other amounts payable | 47/48 | €146,320 | €179,138 | +€32,819 | +22.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,779 | €18,777 | +€12,998 | +225% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €369,616 | +€369,616 | |
| Other operating charges | 640/8 | €629 | €905 | +€275 | +43.8% |
| Gross operating margin | 9900 | €167,031 | €399,853 | +€232,822 | +139% |
| Operating profit (loss) | 9901 | €160,623 | €10,556 | -€150,067 | -93.4% |
| Financial income | 75/76B | €526 | €238 | -€288 | -54.8% |
| Recurring financial income | 75 | €526 | €238 | -€288 | -54.8% |
| Financial charges | 65/66B | €4,917 | €12,935 | +€8,019 | +163% |
| Recurring financial charges | 65 | €4,917 | €12,935 | +€8,019 | +163% |
| Profit (loss) for the period before taxes | 9903 | €156,233 | -€2,142 | -€158,374 | |
| Income taxes | 67/77 | €26,837 | €0 | -€26,837 | -100% |
| Profit (loss) for the period | 9904 | €129,396 | -€2,142 | -€131,538 | |
| Profit (loss) for the period to be appropriated | 9905 | €129,396 | -€2,142 | -€131,538 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.