Pack-It: 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.
What changed
Pack-It
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€53,353
2024 · €108,576-€55,222
Equity
€478,753
2024 · €425,400+€53,353
Cash
€193,262
2024 · €191,025+€2,237
Balance sheet total
€897,357
2024 · €936,079-€38,722
Largest movements
Assets
- Receivables within one year -€108,002
down €108,002 (-17.6%), from €615,097 to €507,096
of which Trade receivables: -€101,598
- Deferred charges and accrued income +€71,747
up €71,747 (+1246.0%), from €5,758 to €77,506
Equity and liabilities
- Trade debts -€87,358
down €87,358 (-20.0%), from €436,359 to €349,001
- Profit (loss) carried forward +€53,353
up €53,353 (+13.2%), from €403,400 to €456,753
- Debts after one year -€10,269
down €10,269 (-66.7%), from €15,387 to €5,118
Income statement
- Staff costs +€199,038
up €199,038 (+43.6%), from €456,904 to €655,942
- Gross operating margin +€125,126
up €125,126 (+19.5%), from €640,469 to €765,595
- Taxes -€17,473
down €17,473 (-39.5%), from €44,194 to €26,720
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.
Result 2024
€108,576
Gross operating margin
+€125,126
Staff costs
-€199,038
Depreciation
-€2,938
Other operating charges
-€1,126
Financial income
+€896
Financial charges
+€4,384
Taxes
+€17,473
Result 2025
€53,353
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.
From operations
+€36,266
Investment
-€22,563
Financing
-€11,465
Cash 2024
€191,025
From operations (derived)
+€36,266
Net result for the year
+€53,353
Depreciation
+€25,253
Stocks and contracts
+€2,015
Receivables within one year
+€108,002
Deferred charges and accrued income
-€71,747
Trade debts
-€87,358
Tax, wage and social debts
+€8,621
Other debts
-€1,875
Accrued charges and deferred income
+€2
Investment (derived)
-€22,563
Investment in fixed assets (net)
-€22,563
Financing
-€11,465
Debts after one year
-€10,269
Current portion of long-term debt
-€1,196
Cash 2025
€193,262
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €936,079 | €897,357 | -€38,722 | -4.1% |
| Fixed assets | 21/28 | €98,091 | €95,401 | -€2,690 | -2.7% |
| Intangible fixed assets | 21 | €2,460 | €1,805 | -€654 | -26.6% |
| Tangible fixed assets | 22/27 | €94,939 | €92,903 | -€2,036 | -2.1% |
| Plant, machinery and equipment | 23 | €30,513 | €26,072 | -€4,441 | -14.6% |
| Furniture and vehicles | 24 | €35,086 | €28,670 | -€6,416 | -18.3% |
| Other tangible fixed assets | 26 | €29,340 | €38,161 | +€8,821 | +30.1% |
| Financial fixed assets | 28 | €693 | €693 | = | 0.0% |
| Current assets | 29/58 | €837,988 | €801,956 | -€36,032 | -4.3% |
| Stocks and contracts in progress | 3 | €26,108 | €24,092 | -€2,015 | -7.7% |
| Stocks | 30/36 | €26,108 | €24,092 | -€2,015 | -7.7% |
| Amounts receivable within one year | 40/41 | €615,097 | €507,096 | -€108,002 | -17.6% |
| Trade receivables | 40 | €567,479 | €465,881 | -€101,598 | -17.9% |
| Other amounts receivable | 41 | €47,618 | €41,215 | -€6,403 | -13.4% |
| Cash at bank and in hand | 54/58 | €191,025 | €193,262 | +€2,237 | +1.2% |
| Deferred charges and accrued income | 490/1 | €5,758 | €77,506 | +€71,747 | +1246.0% |
| Total equity and liabilities | 10/49 | €936,079 | €897,357 | -€38,722 | -4.1% |
| Equity | 10/15 | €425,400 | €478,753 | +€53,353 | +12.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €403,400 | €456,753 | +€53,353 | +13.2% |
| Amounts payable | 17/49 | €510,680 | €418,604 | -€92,076 | -18.0% |
| Amounts payable after more than one year | 17 | €15,387 | €5,118 | -€10,269 | -66.7% |
| Financial debts | 170/4 | €15,387 | €5,118 | -€10,269 | -66.7% |
| Amounts payable within one year | 42/48 | €495,205 | €413,397 | -€81,808 | -16.5% |
| Current portion of amounts payable after more than one year | 42 | €11,465 | €10,269 | -€1,196 | -10.4% |
| Trade debts | 44 | €436,359 | €349,001 | -€87,358 | -20.0% |
| Suppliers | 440/4 | €436,359 | €349,001 | -€87,358 | -20.0% |
| Taxes, remuneration and social security | 45 | €45,506 | €54,127 | +€8,621 | +18.9% |
| Taxes | 450/3 | €1,917 | €1,694 | -€223 | -11.6% |
| Remuneration and social security | 454/9 | €43,589 | €52,433 | +€8,844 | +20.3% |
| Other amounts payable | 47/48 | €1,875 | €0 | -€1,875 | -100.0% |
| Accrued charges and deferred income | 492/3 | €88 | €89 | +€2 | +1.9% |
| Remuneration, social security and pensions | 62 | €456,904 | €655,942 | +€199,038 | +43.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,315 | €25,253 | +€2,938 | +13.2% |
| Other operating charges | 640/8 | €1,894 | €3,020 | +€1,126 | +59.5% |
| Gross operating margin | 9900 | €640,469 | €765,595 | +€125,126 | +19.5% |
| Operating profit (loss) | 9901 | €159,356 | €81,380 | -€77,976 | -48.9% |
| Financial income | 75/76B | €0 | €896 | +€896 | |
| Recurring financial income | 75 | €0 | €896 | +€896 | |
| Financial charges | 65/66B | €6,587 | €2,203 | -€4,384 | -66.6% |
| Recurring financial charges | 65 | €6,587 | €2,203 | -€4,384 | -66.6% |
| Profit (loss) for the period before taxes | 9903 | €152,769 | €80,074 | -€72,696 | -47.6% |
| Income taxes | 67/77 | €44,194 | €26,720 | -€17,473 | -39.5% |
| Profit (loss) for the period | 9904 | €108,576 | €53,353 | -€55,222 | -50.9% |
| Profit (loss) for the period to be appropriated | 9905 | €108,576 | €53,353 | -€55,222 | -50.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.