PACKET PRINT: 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.
PACKET PRINT
Largest movements
- Stocks and contracts -€60,838
down €60,838 (-42.0%), from €144,869 to €84,031
- Receivables within one year +€39,953
up €39,953 (+12.6%), from €318,122 to €358,074
of which Trade receivables: +€229,600
- Cash +€22,401
up €22,401 (+605%), from €3,701 to €26,102
- Profit (loss) carried forward -€214,608
down €214,608 (-53.6%), from -€400,279 to -€614,887
- Debts +€210,289
up €210,289 (+16.8%), from €1.3m to €1.5m
of which Debts within one year: +€293,513
- Staff costs +€623,197
new in 2022: €623,197
- Gross operating margin +€162,811
up €162,811 (+64.1%), from €253,981 to €416,793
- Financial income +€75,109
new in 2022: €75,109
of which Non-recurring financial income: +€68,930
- Financial charges +€48,213
new in 2022: €48,213
- Other operating charges +€11,881
new in 2022: €11,881
From the 2020 result to the 2022 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
A cash bridge needs two consecutive financial 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 | 2020 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,041,693 | €1,037,374 | -€4,319 | -0.4% |
| Fixed assets | 21/28 | €575,002 | €569,167 | -€5,835 | -1.0% |
| Tangible fixed assets | 22/27 | €85,258 | €79,423 | -€5,835 | -6.8% |
| Land and buildings | 22 | - | €54,054 | +€54,054 | |
| Plant, machinery and equipment | 23 | - | €11,430 | +€11,430 | |
| Furniture and vehicles | 24 | - | €13,939 | +€13,939 | |
| Financial fixed assets | 28 | €489,744 | €489,744 | = | 0.0% |
| Current assets | 29/58 | €466,692 | €468,207 | +€1,516 | +0.3% |
| Stocks and contracts in progress | 3 | €144,869 | €84,031 | -€60,838 | -42.0% |
| Stocks | 30/36 | - | €84,031 | +€84,031 | |
| Amounts receivable within one year | 40/41 | €318,122 | €358,074 | +€39,953 | +12.6% |
| Trade receivables | 40 | - | €229,600 | +€229,600 | |
| Other amounts receivable | 41 | - | €128,475 | +€128,475 | |
| Cash at bank and in hand | 54/58 | €3,701 | €26,102 | +€22,401 | +605% |
| Total equity and liabilities | 10/49 | €1,041,693 | €1,037,374 | -€4,319 | -0.4% |
| Equity | 10/15 | -€213,655 | -€428,263 | -€214,608 | -100% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | - | €100,000 | +€100,000 | |
| Issued capital | 100 | - | €100,000 | +€100,000 | |
| Reserves | 13 | €86,624 | €86,624 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €10,000 | +€10,000 | |
| Legal reserve | 130 | - | €10,000 | +€10,000 | |
| Tax-exempt reserves | 132 | - | €15,895 | +€15,895 | |
| Distributable reserves | 133 | - | €60,730 | +€60,730 | |
| Profit (loss) carried forward | 14 | -€400,279 | -€614,887 | -€214,608 | -53.6% |
| Amounts payable | 17/49 | €1,255,349 | €1,465,637 | +€210,289 | +16.8% |
| Amounts payable after more than one year | 17 | €48,057 | €33,762 | -€14,294 | -29.7% |
| Financial debts | 170/4 | - | €33,762 | +€33,762 | |
| Amounts payable within one year | 42/48 | €1,138,362 | €1,431,875 | +€293,513 | +25.8% |
| Current portion of amounts payable after more than one year | 42 | - | €28,453 | +€28,453 | |
| Financial debts | 43 | - | €724,146 | +€724,146 | |
| Credit institutions | 430/8 | - | €724,146 | +€724,146 | |
| Trade debts | 44 | €291,464 | €354,805 | +€63,341 | +21.7% |
| Suppliers | 440/4 | - | €354,805 | +€354,805 | |
| Taxes, remuneration and social security | 45 | - | €292,298 | +€292,298 | |
| Taxes | 450/3 | - | €98,244 | +€98,244 | |
| Remuneration and social security | 454/9 | - | €194,054 | +€194,054 | |
| Other amounts payable | 47/48 | - | €32,173 | +€32,173 | |
| Non-recurring operating income | 76A | - | €13,892 | +€13,892 | |
| Remuneration, social security and pensions | 62 | - | €623,197 | +€623,197 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,734 | €22,447 | +€3,712 | +19.8% |
| Other operating charges | 640/8 | - | €11,881 | +€11,881 | |
| Gross operating margin | 9900 | €253,981 | €416,793 | +€162,811 | +64.1% |
| Operating profit (loss) | 9901 | -€176,231 | -€240,733 | -€64,501 | -36.6% |
| Financial income | 75/76B | - | €75,109 | +€75,109 | |
| Recurring financial income | 75 | €16,602 | €6,179 | -€10,424 | -62.8% |
| Non-recurring financial income | 76B | - | €68,930 | +€68,930 | |
| Financial charges | 65/66B | - | €48,213 | +€48,213 | |
| Recurring financial charges | 65 | €30,273 | €48,213 | +€17,940 | +59.3% |
| Profit (loss) for the period before taxes | 9903 | -€189,902 | -€213,837 | -€23,935 | -12.6% |
| Income taxes | 67/77 | €882 | €771 | -€111 | -12.6% |
| Profit (loss) for the period | 9904 | -€190,785 | -€214,608 | -€23,823 | -12.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€190,785 | -€214,608 | -€23,823 | -12.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2020 and 31 March 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.