Packa: 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.
Packa
Largest movements
- Receivables within one year -€261,300
down €261,300 (-93.5%), from €279,452 to €18,152
of which Trade receivables: -€261,300
- Cash -€76,000
down €76,000 (-85.3%), from €89,059 to €13,058
mainly Other debts (-€493,260) and Debts after one year (-€63,311)
- Tangible fixed assets -€51,800
down €51,800 (-3.2%), from €1.6m to €1.6m
of which Land and buildings: -€49,800
- Other debts -€493,260
down €493,260 (-91.6%), from €538,287 to €45,027
- Reserves +€173,721
up €173,721 (+372.9%), from €46,592 to €220,314
- Debts after one year -€63,311
down €63,311 (-5.1%), from €1.2m to €1.2m
- Other operating charges -€195,563
down €195,563 (-97.0%), from €201,675 to €6,113
- Gross operating margin -€75,732
down €75,732 (-17.3%), from €438,983 to €363,251
- Taxes +€39,723
up €39,723 (+341.0%), from €11,648 to €51,371
- Depreciation -€34,250
down €34,250 (-39.8%), from €86,050 to €51,800
- Financial charges -€12,745
down €12,745 (-13.7%), from €93,017 to €80,272
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,973,196 | €1,584,147 | -€389,048 | -19.7% |
| Fixed assets | 21/28 | €1,603,950 | €1,552,150 | -€51,800 | -3.2% |
| Tangible fixed assets | 22/27 | €1,603,950 | €1,552,150 | -€51,800 | -3.2% |
| Land and buildings | 22 | €1,597,272 | €1,547,472 | -€49,800 | -3.1% |
| Furniture and vehicles | 24 | €6,678 | €4,678 | -€2,000 | -30.0% |
| Current assets | 29/58 | €369,246 | €31,998 | -€337,248 | -91.3% |
| Amounts receivable within one year | 40/41 | €279,452 | €18,152 | -€261,300 | -93.5% |
| Trade receivables | 40 | €279,450 | €18,150 | -€261,300 | -93.5% |
| Other amounts receivable | 41 | €2 | €2 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €89,059 | €13,058 | -€76,000 | -85.3% |
| Deferred charges and accrued income | 490/1 | €736 | €788 | +€52 | +7.0% |
| Total equity and liabilities | 10/49 | €1,973,196 | €1,584,147 | -€389,048 | -19.7% |
| Equity | 10/15 | €96,592 | €270,314 | +€173,721 | +179.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €46,592 | €220,314 | +€173,721 | +372.9% |
| Distributable reserves | 133 | €46,592 | €220,314 | +€173,721 | +372.9% |
| Amounts payable | 17/49 | €1,876,603 | €1,313,834 | -€562,770 | -30.0% |
| Amounts payable after more than one year | 17 | €1,245,632 | €1,182,321 | -€63,311 | -5.1% |
| Financial debts | 170/4 | €1,245,632 | €1,182,321 | -€63,311 | -5.1% |
| Amounts payable within one year | 42/48 | €627,616 | €128,214 | -€499,402 | -79.6% |
| Current portion of amounts payable after more than one year | 42 | €61,293 | €63,311 | +€2,018 | +3.3% |
| Trade debts | 44 | €742 | €3,916 | +€3,174 | +427.5% |
| Suppliers | 440/4 | €742 | €3,916 | +€3,174 | +427.5% |
| Taxes, remuneration and social security | 45 | €27,294 | €15,960 | -€11,334 | -41.5% |
| Taxes | 450/3 | €27,294 | €13,447 | -€13,847 | -50.7% |
| Remuneration and social security | 454/9 | - | €2,513 | +€2,513 | |
| Other amounts payable | 47/48 | €538,287 | €45,027 | -€493,260 | -91.6% |
| Accrued charges and deferred income | 492/3 | €3,355 | €3,299 | -€56 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,050 | €51,800 | -€34,250 | -39.8% |
| Other operating charges | 640/8 | €201,675 | €6,113 | -€195,563 | -97.0% |
| Gross operating margin | 9900 | €438,983 | €363,251 | -€75,732 | -17.3% |
| Operating profit (loss) | 9901 | €151,257 | €305,338 | +€154,081 | +101.9% |
| Financial income | 75/76B | - | €26 | +€26 | |
| Recurring financial income | 75 | - | €26 | +€26 | |
| Financial charges | 65/66B | €93,017 | €80,272 | -€12,745 | -13.7% |
| Recurring financial charges | 65 | €93,017 | €80,272 | -€12,745 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €58,241 | €225,093 | +€166,852 | +286.5% |
| Income taxes | 67/77 | €11,648 | €51,371 | +€39,723 | +341.0% |
| Profit (loss) for the period | 9904 | €46,592 | €173,721 | +€127,129 | +272.9% |
| Profit (loss) for the period to be appropriated | 9905 | €46,592 | €173,721 | +€127,129 | +272.9% |
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 11 October 2026 via checked.be.