PACKU: 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.
PACKU
Largest movements
- Receivables within one year +€45,770
up €45,770 (+16.8%), from €272,689 to €318,459
of which Other amounts receivable: +€27,960
- Tangible fixed assets -€5,513
down €5,513 (-23.9%), from €23,077 to €17,564
of which Land and buildings: -€3,401
- Reserves +€24,652
up €24,652 (+11.3%), from €218,588 to €243,240
- Trade debts +€18,825
up €18,825 (+79.2%), from €23,768 to €42,593
- Debts after one year -€3,778
down €3,778 (-20.1%), from €18,842 to €15,064
- Gross operating margin -€22,993
down €22,993 (-32.0%), from €71,930 to €48,937
- Financial income -€10,891
down €10,891 (-99.9%), from €10,898 to €7
- Taxes -€9,392
down €9,392 (-44.6%), from €21,034 to €11,643
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €302,596 | €339,849 | +€37,253 | +12.3% |
| Fixed assets | 21/28 | €23,577 | €18,064 | -€5,513 | -23.4% |
| Tangible fixed assets | 22/27 | €23,077 | €17,564 | -€5,513 | -23.9% |
| Land and buildings | 22 | €17,037 | €13,637 | -€3,401 | -20.0% |
| Plant, machinery and equipment | 23 | €305 | €243 | -€62 | -20.3% |
| Furniture and vehicles | 24 | €5,734 | €3,684 | -€2,050 | -35.7% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €279,019 | €321,785 | +€42,766 | +15.3% |
| Stocks and contracts in progress | 3 | €1,622 | €0 | -€1,622 | -100.0% |
| Stocks | 30/36 | €1,622 | €0 | -€1,622 | -100.0% |
| Amounts receivable within one year | 40/41 | €272,689 | €318,459 | +€45,770 | +16.8% |
| Trade receivables | 40 | €16,209 | €34,018 | +€17,810 | +109.9% |
| Other amounts receivable | 41 | €256,480 | €284,441 | +€27,960 | +10.9% |
| Cash at bank and in hand | 54/58 | €3,062 | €1,495 | -€1,567 | -51.2% |
| Deferred charges and accrued income | 490/1 | €1,645 | €1,830 | +€185 | +11.2% |
| Total equity and liabilities | 10/49 | €302,596 | €339,849 | +€37,253 | +12.3% |
| Equity | 10/15 | €230,988 | €255,640 | +€24,652 | +10.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €218,588 | €243,240 | +€24,652 | +11.3% |
| Distributable reserves | 133 | €218,588 | €243,240 | +€24,652 | +11.3% |
| Amounts payable | 17/49 | €71,608 | €84,209 | +€12,601 | +17.6% |
| Amounts payable after more than one year | 17 | €18,842 | €15,064 | -€3,778 | -20.1% |
| Financial debts | 170/4 | €18,842 | €15,064 | -€3,778 | -20.1% |
| Amounts payable within one year | 42/48 | €52,766 | €69,146 | +€16,379 | +31.0% |
| Current portion of amounts payable after more than one year | 42 | €4,234 | €4,408 | +€174 | +4.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €23,768 | €42,593 | +€18,825 | +79.2% |
| Suppliers | 440/4 | €23,768 | €42,593 | +€18,825 | +79.2% |
| Taxes, remuneration and social security | 45 | €24,764 | €22,144 | -€2,619 | -10.6% |
| Taxes | 450/3 | €24,764 | €22,144 | -€2,619 | -10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,869 | €5,790 | -€79 | -1.3% |
| Other operating charges | 640/8 | €2,783 | €2,741 | -€43 | -1.5% |
| Gross operating margin | 9900 | €71,930 | €48,937 | -€22,993 | -32.0% |
| Operating profit (loss) | 9901 | €63,277 | €40,406 | -€22,871 | -36.1% |
| Financial income | 75/76B | €10,898 | €7 | -€10,891 | -99.9% |
| Recurring financial income | 75 | €10,898 | €7 | -€10,891 | -99.9% |
| Financial charges | 65/66B | €4,445 | €4,118 | -€327 | -7.4% |
| Recurring financial charges | 65 | €4,445 | €4,118 | -€327 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €69,730 | €36,295 | -€33,436 | -48.0% |
| Income taxes | 67/77 | €21,034 | €11,643 | -€9,392 | -44.6% |
| Profit (loss) for the period | 9904 | €48,696 | €24,652 | -€24,044 | -49.4% |
| Profit (loss) for the period to be appropriated | 9905 | €48,696 | €24,652 | -€24,044 | -49.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.