PackOptima: 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.
PackOptima
Largest movements
- Cash +€47,503
up €47,503 (+63.2%), from €75,157 to €122,659
mainly Net result for the year (+€36,866) and Depreciation (+€12,821)
- Tangible fixed assets -€9,970
down €9,970 (-19.5%), from €51,248 to €41,278
of which Leasing and similar rights: -€11,789
- Receivables within one year -€8,669
down €8,669 (-34.9%), from €24,826 to €16,157
of which Trade receivables: -€8,672
- Deferred charges and accrued income +€2,177
up €2,177 (+351.2%), from €620 to €2,797
- Reserves +€36,866
up €36,866 (+51.9%), from €71,095 to €107,960
- Debts after one year -€12,951
down €12,951 (-44.9%), from €28,857 to €15,906
- Trade debts +€4,922
up €4,922 (+242.6%), from €2,029 to €6,951
- Tax, wage and social debts +€3,289
up €3,289 (+10.0%), from €32,834 to €36,124
- Gross operating margin -€43,847
down €43,847 (-41.6%), from €105,359 to €61,512
- Taxes -€8,850
down €8,850 (-47.2%), from €18,741 to €9,891
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 | €151,850 | €182,892 | +€31,041 | +20.4% |
| Fixed assets | 21/28 | €51,248 | €41,278 | -€9,970 | -19.5% |
| Tangible fixed assets | 22/27 | €51,248 | €41,278 | -€9,970 | -19.5% |
| Furniture and vehicles | 24 | €1,379 | €3,198 | +€1,819 | +131.9% |
| Leasing and similar rights | 25 | €49,869 | €38,080 | -€11,789 | -23.6% |
| Current assets | 29/58 | €100,602 | €141,613 | +€41,011 | +40.8% |
| Amounts receivable within one year | 40/41 | €24,826 | €16,157 | -€8,669 | -34.9% |
| Trade receivables | 40 | €24,826 | €16,154 | -€8,672 | -34.9% |
| Other amounts receivable | 41 | - | €4 | +€4 | |
| Cash at bank and in hand | 54/58 | €75,157 | €122,659 | +€47,503 | +63.2% |
| Deferred charges and accrued income | 490/1 | €620 | €2,797 | +€2,177 | +351.2% |
| Total equity and liabilities | 10/49 | €151,850 | €182,892 | +€31,041 | +20.4% |
| Equity | 10/15 | €74,095 | €110,960 | +€36,866 | +49.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €71,095 | €107,960 | +€36,866 | +51.9% |
| Distributable reserves | 133 | €71,095 | €107,960 | +€36,866 | +51.9% |
| Amounts payable | 17/49 | €77,756 | €71,931 | -€5,824 | -7.5% |
| Amounts payable after more than one year | 17 | €28,857 | €15,906 | -€12,951 | -44.9% |
| Financial debts | 170/4 | €28,857 | €15,906 | -€12,951 | -44.9% |
| Amounts payable within one year | 42/48 | €48,899 | €56,026 | +€7,127 | +14.6% |
| Current portion of amounts payable after more than one year | 42 | €12,472 | €12,951 | +€480 | +3.8% |
| Trade debts | 44 | €2,029 | €6,951 | +€4,922 | +242.6% |
| Suppliers | 440/4 | €2,029 | €6,951 | +€4,922 | +242.6% |
| Taxes, remuneration and social security | 45 | €32,834 | €36,124 | +€3,289 | +10.0% |
| Taxes | 450/3 | €32,834 | €36,124 | +€3,289 | +10.0% |
| Other amounts payable | 47/48 | €1,564 | €0 | -€1,564 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,201 | €12,821 | -€380 | -2.9% |
| Other operating charges | 640/8 | €501 | €440 | -€61 | -12.2% |
| Gross operating margin | 9900 | €105,359 | €61,512 | -€43,847 | -41.6% |
| Operating profit (loss) | 9901 | €91,656 | €48,251 | -€43,405 | -47.4% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €1,820 | €1,500 | -€320 | -17.6% |
| Recurring financial charges | 65 | €1,820 | €1,500 | -€320 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | €89,836 | €46,757 | -€43,079 | -48.0% |
| Income taxes | 67/77 | €18,741 | €9,891 | -€8,850 | -47.2% |
| Profit (loss) for the period | 9904 | €71,095 | €36,866 | -€34,229 | -48.1% |
| Profit (loss) for the period to be appropriated | 9905 | €71,095 | €36,866 | -€34,229 | -48.1% |
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 3 October 2026 via checked.be.