packaging4professionals: 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.
packaging4professionals
Largest movements
- Stocks and contracts +€232,194
up €232,194 (+8.8%), from €2.6m to €2.9m
of which Contracts in progress: +€182,290
- Tangible fixed assets -€152,521
down €152,521 (-20.4%), from €749,032 to €596,511
of which Plant, machinery and equipment: -€103,905
- Cash -€78,640
down €78,640 (-46.5%), from €169,183 to €90,543
mainly Net result for the year (-€338,550) and Investment in fixed assets (net) (-€277,084)
- Deferred charges and accrued income -€60,352
down €60,352 (-66.8%), from €90,387 to €30,035
- Receivables within one year -€57,723
down €57,723 (-5.2%), from €1.1m to €1.1m
of which Trade receivables: -€106,845
- Profit (loss) carried forward -€338,550
down €338,550, from €259,461 to -€79,089
- Trade debts +€299,181
up €299,181 (+20.7%), from €1.4m to €1.7m
- Debts after one year +€212,168
up €212,168 (+250.8%), from €84,594 to €296,763
- Short-term financial debts -€170,176
down €170,176 (-15.0%), from €1.1m to €966,490
- Current portion of long-term debt -€99,621
down €99,621 (-39.9%), from €249,409 to €149,788
- Gross operating margin -€483,984
down €483,984 (-26.1%), from €1.9m to €1.4m
- Taxes -€67,438
down €67,438 (-96.4%), from €69,986 to €2,548
- Depreciation -€24,451
down €24,451 (-5.1%), from €476,588 to €452,137
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
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,774,848 | €4,635,274 | -€139,574 | -2.9% |
| Fixed assets | 21/28 | €773,177 | €598,124 | -€175,054 | -22.6% |
| Intangible fixed assets | 21 | €23,045 | €513 | -€22,532 | -97.8% |
| Tangible fixed assets | 22/27 | €749,032 | €596,511 | -€152,521 | -20.4% |
| Plant, machinery and equipment | 23 | €670,466 | €566,561 | -€103,905 | -15.5% |
| Furniture and vehicles | 24 | €12,746 | €28,881 | +€16,135 | +126.6% |
| Leasing and similar rights | 25 | €62,164 | €1,068 | -€61,096 | -98.3% |
| Other tangible fixed assets | 26 | €3,655 | €0 | -€3,655 | -100.0% |
| Financial fixed assets | 28 | €1,100 | €1,100 | = | 0.0% |
| Current assets | 29/58 | €4,001,671 | €4,037,150 | +€35,480 | +0.9% |
| Stocks and contracts in progress | 3 | €2,624,244 | €2,856,438 | +€232,194 | +8.8% |
| Stocks | 30/36 | €1,822,819 | €1,872,723 | +€49,904 | +2.7% |
| Contracts in progress | 37 | €801,425 | €983,715 | +€182,290 | +22.7% |
| Amounts receivable within one year | 40/41 | €1,117,857 | €1,060,134 | -€57,723 | -5.2% |
| Trade receivables | 40 | €863,838 | €756,993 | -€106,845 | -12.4% |
| Other amounts receivable | 41 | €254,019 | €303,141 | +€49,122 | +19.3% |
| Cash at bank and in hand | 54/58 | €169,183 | €90,543 | -€78,640 | -46.5% |
| Deferred charges and accrued income | 490/1 | €90,387 | €30,035 | -€60,352 | -66.8% |
| Total equity and liabilities | 10/49 | €4,774,848 | €4,635,274 | -€139,574 | -2.9% |
| Equity | 10/15 | €1,732,840 | €1,332,109 | -€400,731 | -23.1% |
| Contributions | 10/11 | €1,361,025 | €1,361,025 | = | 0.0% |
| Capital | 10 | €1,361,025 | €1,361,025 | = | 0.0% |
| Issued capital | 100 | €1,361,025 | €1,361,025 | = | 0.0% |
| Reserves | 13 | €13,900 | €13,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,900 | €13,900 | = | 0.0% |
| Legal reserve | 130 | €13,900 | €13,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €259,461 | -€79,089 | -€338,550 | |
| Investment grants | 15 | €98,454 | €36,273 | -€62,181 | -63.2% |
| Amounts payable | 17/49 | €3,042,008 | €3,303,165 | +€261,157 | +8.6% |
| Amounts payable after more than one year | 17 | €84,594 | €296,763 | +€212,168 | +250.8% |
| Financial debts | 170/4 | €84,594 | €296,763 | +€212,168 | +250.8% |
| Amounts payable within one year | 42/48 | €2,957,414 | €3,006,403 | +€48,989 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €249,409 | €149,788 | -€99,621 | -39.9% |
| Financial debts | 43 | €1,136,666 | €966,490 | -€170,176 | -15.0% |
| Credit institutions | 430/8 | €1,136,666 | €966,490 | -€170,176 | -15.0% |
| Trade debts | 44 | €1,445,470 | €1,744,651 | +€299,181 | +20.7% |
| Suppliers | 440/4 | €1,445,470 | €1,744,651 | +€299,181 | +20.7% |
| Taxes, remuneration and social security | 45 | €105,969 | €104,480 | -€1,490 | -1.4% |
| Taxes | 450/3 | €6,318 | €3,650 | -€2,668 | -42.2% |
| Remuneration and social security | 454/9 | €99,652 | €100,830 | +€1,178 | +1.2% |
| Other amounts payable | 47/48 | €19,899 | €40,995 | +€21,095 | +106.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €520 | €0 | -€520 | -100.0% |
| Remuneration, social security and pensions | 62 | €987,251 | €982,426 | -€4,825 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €476,588 | €452,137 | -€24,451 | -5.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,932 | €0 | -€5,932 | -100.0% |
| Other operating charges | 640/8 | €3,421 | €2,490 | -€932 | -27.2% |
| Non-recurring operating charges | 66A | €29,525 | €214,745 | +€185,220 | +627.3% |
| Gross operating margin | 9900 | €1,856,950 | €1,372,966 | -€483,984 | -26.1% |
| Operating profit (loss) | 9901 | €354,233 | -€278,832 | -€633,065 | |
| Financial income | 75/76B | €62,424 | €62,415 | -€9 | 0.0% |
| Recurring financial income | 75 | €62,424 | €62,183 | -€241 | -0.4% |
| Non-recurring financial income | 76B | - | €232 | +€232 | |
| Financial charges | 65/66B | €128,979 | €119,585 | -€9,394 | -7.3% |
| Recurring financial charges | 65 | €128,979 | €119,585 | -€9,394 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €287,678 | -€336,002 | -€623,680 | |
| Income taxes | 67/77 | €69,986 | €2,548 | -€67,438 | -96.4% |
| Profit (loss) for the period | 9904 | €217,692 | -€338,550 | -€556,242 | |
| Profit (loss) for the period to be appropriated | 9905 | €217,692 | -€338,550 | -€556,242 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.