PACKPROCESS: 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.
PACKPROCESS
Largest movements
- Cash +€52,487
up €52,487 (+162%), from €32,346 to €84,833
mainly Receivables within one year (+€26,864) and Net result for the year (+€22,605)
- Receivables within one year -€26,864
down €26,864 (-62.5%), from €42,982 to €16,118
of which Trade receivables: -€27,930
- Tangible fixed assets +€16,593
new in 2025: €16,593
- Profit (loss) carried forward +€22,605
up €22,605 (+44.9%), from €50,303 to €72,908
- Other debts +€11,648
up €11,648 (+14,240%), from €82 to €11,730
- Tax, wage and social debts +€6,268
up €6,268 (+139%), from €4,525 to €10,794
- Gross operating margin -€29,183
down €29,183 (-46.6%), from €62,655 to €33,472
- Taxes -€6,406
down €6,406 (-44.9%), from €14,272 to €7,866
- Depreciation +€695
up €695 (+74.9%), from €927 to €1,622
- Other operating charges -€661
down €661 (-36.8%), from €1,797 to €1,136
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.
Derived cash bridge
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 | €77,960 | €119,067 | +€41,106 | +52.7% |
| Fixed assets | 21/28 | - | €16,593 | +€16,593 | |
| Tangible fixed assets | 22/27 | - | €16,593 | +€16,593 | |
| Plant, machinery and equipment | 23 | - | €16,593 | +€16,593 | |
| Current assets | 29/58 | €77,960 | €102,473 | +€24,513 | +31.4% |
| Amounts receivable within one year | 40/41 | €42,982 | €16,118 | -€26,864 | -62.5% |
| Trade receivables | 40 | €27,930 | - | -€27,930 | |
| Other amounts receivable | 41 | €15,051 | €16,118 | +€1,067 | +7.1% |
| Cash at bank and in hand | 54/58 | €32,346 | €84,833 | +€52,487 | +162% |
| Deferred charges and accrued income | 490/1 | €2,633 | €1,523 | -€1,110 | -42.2% |
| Total equity and liabilities | 10/49 | €77,960 | €119,067 | +€41,106 | +52.7% |
| Equity | 10/15 | €70,303 | €92,908 | +€22,605 | +32.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,303 | €72,908 | +€22,605 | +44.9% |
| Amounts payable | 17/49 | €7,657 | €26,158 | +€18,501 | +242% |
| Amounts payable within one year | 42/48 | €7,657 | €26,158 | +€18,501 | +242% |
| Trade debts | 44 | €3,050 | €3,635 | +€585 | +19.2% |
| Suppliers | 440/4 | €3,050 | €3,635 | +€585 | +19.2% |
| Taxes, remuneration and social security | 45 | €4,525 | €10,794 | +€6,268 | +139% |
| Taxes | 450/3 | €4,525 | €10,794 | +€6,268 | +139% |
| Other amounts payable | 47/48 | €82 | €11,730 | +€11,648 | +14,240% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €927 | €1,622 | +€695 | +74.9% |
| Other operating charges | 640/8 | €1,797 | €1,136 | -€661 | -36.8% |
| Gross operating margin | 9900 | €62,655 | €33,472 | -€29,183 | -46.6% |
| Operating profit (loss) | 9901 | €59,931 | €30,714 | -€29,217 | -48.8% |
| Financial charges | 65/66B | €698 | €242 | -€456 | -65.3% |
| Recurring financial charges | 65 | €698 | €242 | -€456 | -65.3% |
| Profit (loss) for the period before taxes | 9903 | €59,233 | €30,471 | -€28,762 | -48.6% |
| Income taxes | 67/77 | €14,272 | €7,866 | -€6,406 | -44.9% |
| Profit (loss) for the period | 9904 | €44,961 | €22,605 | -€22,356 | -49.7% |
| Profit (loss) for the period to be appropriated | 9905 | €44,961 | €22,605 | -€22,356 | -49.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.