Packo: 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.
Packo
Largest movements
- Cash +€47,943
up €47,943 (+101.2%), from €47,360 to €95,303
mainly Net result for the year (+€47,997) and Receivables within one year (+€7,958)
- Receivables within one year -€7,958
down €7,958 (-24.0%), from €33,178 to €25,220
of which Trade receivables: -€7,993
- Profit (loss) carried forward +€37,164
up €37,164 (+69.7%), from €53,308 to €90,473
- Tax, wage and social debts +€1,981
up €1,981 (+8.0%), from €24,729 to €26,710
- Gross operating margin -€17,339
down €17,339 (-22.4%), from €77,278 to €59,939
- Taxes -€4,124
down €4,124 (-28.5%), from €14,465 to €10,341
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 | €80,537 | €120,522 | +€39,985 | +49.6% |
| Current assets | 29/58 | €80,537 | €120,522 | +€39,985 | +49.6% |
| Amounts receivable within one year | 40/41 | €33,178 | €25,220 | -€7,958 | -24.0% |
| Trade receivables | 40 | €33,178 | €25,184 | -€7,993 | -24.1% |
| Other amounts receivable | 41 | - | €35 | +€35 | |
| Cash at bank and in hand | 54/58 | €47,360 | €95,303 | +€47,943 | +101.2% |
| Total equity and liabilities | 10/49 | €80,537 | €120,522 | +€39,985 | +49.6% |
| Equity | 10/15 | €55,808 | €92,973 | +€37,164 | +66.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,308 | €90,473 | +€37,164 | +69.7% |
| Amounts payable | 17/49 | €24,729 | €27,550 | +€2,820 | +11.4% |
| Amounts payable within one year | 42/48 | €24,729 | €27,550 | +€2,820 | +11.4% |
| Trade debts | 44 | - | €839 | +€839 | |
| Suppliers | 440/4 | - | €839 | +€839 | |
| Taxes, remuneration and social security | 45 | €24,729 | €26,710 | +€1,981 | +8.0% |
| Taxes | 450/3 | €24,729 | €26,710 | +€1,981 | +8.0% |
| Other operating charges | 640/8 | €30 | €378 | +€348 | +1160.7% |
| Gross operating margin | 9900 | €77,278 | €59,939 | -€17,339 | -22.4% |
| Operating profit (loss) | 9901 | €77,248 | €59,560 | -€17,687 | -22.9% |
| Financial charges | 65/66B | €1,642 | €1,222 | -€420 | -25.6% |
| Recurring financial charges | 65 | €1,642 | €1,222 | -€420 | -25.6% |
| Profit (loss) for the period before taxes | 9903 | €75,606 | €58,338 | -€17,268 | -22.8% |
| Income taxes | 67/77 | €14,465 | €10,341 | -€4,124 | -28.5% |
| Profit (loss) for the period | 9904 | €61,141 | €47,997 | -€13,144 | -21.5% |
| Profit (loss) for the period to be appropriated | 9905 | €61,141 | €47,997 | -€13,144 | -21.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.