Packyard BE: 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.
What changed
Packyard BE
NACE 18.120, Other printing
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€1.0m
2023 · €919,943+€100,043
Equity
€20.0m
2023 · €19.0m+€1.0m
Cash
€1.2m
2023 · €2.1m-€889,396
Balance sheet total
€32.7m
2023 · €32.0m+€768,283
Largest movements
Assets
- Tangible fixed assets +€1.6m
up €1.6m (+30.2%), from €5.3m to €6.8m
of which Plant, machinery and equipment: +€2.0m
- Cash -€889,396
down €889,396 (-42.8%), from €2.1m to €1.2m
mainly Investment in fixed assets (net) (-€2.8m) and Short-term financial debts (-€1.0m)
- Receivables within one year +€538,493
up €538,493 (+3.0%), from €17.7m to €18.3m
of which Other amounts receivable: +€798,692
- Stocks and contracts -€536,659
down €536,659 (-13.5%), from €4.0m to €3.4m
of which Stocks: -€406,858
Equity and liabilities
- Trade debts +€1.6m
up €1.6m (+94.4%), from €1.7m to €3.4m
- Short-term financial debts -€1.0m
down €1.0m (-66.7%), from €1.5m to €500,000
- Profit (loss) carried forward +€559,617
up €559,617 (+4.4%), from €12.8m to €13.4m
- Reserves +€460,369
up €460,369 (+9.9%), from €4.6m to €5.1m
of which Distributable reserves: +€254,838
- Other debts -€360,972
down €360,972 (-9.2%), from €3.9m to €3.6m
Income statement
- Turnover +€1.2m
up €1.2m (+3.5%), from €34.1m to €35.3m
- Goods and materials +€949,688
up €949,688 (+4.6%), from €20.6m to €21.5m
of which Purchases: +€2.2m
From the 2023 result to the 2024 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.
Result 2023
€919,943
Turnover
+€1.2m
Other operating income
+€19,467
Goods and materials
-€949,688
Services and other goods
-€10,700
Staff costs
-€161,889
Depreciation
-€10,333
Write-downs
+€379
Other operating charges
+€23,852
Other operating items
-€107,744
Financial income
-€11,725
Financial charges
+€121,964
Taxes
-€1,412
Deferred taxes and other
-€19,651
Result 2024
€1.0m
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€3.2m
Investment
-€2.8m
Financing
-€1.3m
Cash 2023
€2.1m
From operations (derived)
+€3.2m
Net result for the year
+€1.0m
Depreciation
+€1.2m
Stocks and contracts
+€536,659
Receivables within one year
-€538,493
Deferred charges and accrued income
-€66,531
Provisions
+€13,123
Trade debts
+€1.6m
Tax, wage and social debts
+€15,568
Other debts
-€360,972
Accrued charges and deferred income
-€276,376
Investment (derived)
-€2.8m
Investment in fixed assets (net)
-€2.8m
Financing
-€1.3m
Debts after one year
-€294,820
Current portion of long-term debt
+€6,080
Short-term financial debts
-€1.0m
Cash 2024
€1.2m
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €31,979,988 | €32,748,271 | +€768,283 | +2.4% |
| Fixed assets | 21/28 | €6,154,669 | €7,743,983 | +€1.6m | +25.8% |
| Intangible fixed assets | 21 | €1,541 | €1,114 | -€427 | -27.7% |
| Tangible fixed assets | 22/27 | €5,255,161 | €6,844,785 | +€1.6m | +30.2% |
| Land and buildings | 22 | €1,230,661 | €1,256,138 | +€25,477 | +2.1% |
| Plant, machinery and equipment | 23 | €1,768,174 | €3,752,848 | +€2.0m | +112.2% |
| Furniture and vehicles | 24 | €546,326 | €485,799 | -€60,527 | -11.1% |
| Leasing and similar rights | 25 | €1,710,000 | €1,350,000 | -€360,000 | -21.1% |
| Financial fixed assets | 28 | €897,967 | €898,084 | +€117 | 0.0% |
| Affiliated companies | 280/1 | €874,298 | €874,298 | = | 0.0% |
| Participating interests | 280 | €874,298 | €874,298 | = | 0.0% |
| Other financial fixed assets | 284/8 | €23,669 | €23,786 | +€117 | +0.5% |
| Amounts receivable and cash guarantees | 285/8 | €23,669 | €23,786 | +€117 | +0.5% |
| Current assets | 29/58 | €25,825,319 | €25,004,288 | -€821,031 | -3.2% |
| Amounts receivable after more than one year | 29 | €1,700,000 | €1,700,000 | = | 0.0% |
| Other amounts receivable | 291 | €1,700,000 | €1,700,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €3,979,573 | €3,442,914 | -€536,659 | -13.5% |
| Stocks | 30/36 | €2,531,404 | €2,124,546 | -€406,858 | -16.1% |
| Raw materials and consumables | 30/31 | €2,531,404 | €2,124,546 | -€406,858 | -16.1% |
| Contracts in progress | 37 | €1,448,170 | €1,318,369 | -€129,801 | -9.0% |
| Amounts receivable within one year | 40/41 | €17,740,235 | €18,278,728 | +€538,493 | +3.0% |
| Trade receivables | 40 | €5,942,619 | €5,682,419 | -€260,200 | -4.4% |
| Other amounts receivable | 41 | €11,797,617 | €12,596,309 | +€798,692 | +6.8% |
| Cash at bank and in hand | 54/58 | €2,077,541 | €1,188,146 | -€889,396 | -42.8% |
| Deferred charges and accrued income | 490/1 | €327,969 | €394,500 | +€66,531 | +20.3% |
| Total equity and liabilities | 10/49 | €31,979,988 | €32,748,271 | +€768,283 | +2.4% |
| Equity | 10/15 | €18,971,530 | €19,991,516 | +€1.0m | +5.4% |
| Contributions | 10/11 | €1,500,000 | €1,500,000 | = | 0.0% |
| Capital | 10 | €1,500,000 | €1,500,000 | = | 0.0% |
| Issued capital | 100 | €1,500,000 | €1,500,000 | = | 0.0% |
| Reserves | 13 | €4,643,683 | €5,104,052 | +€460,369 | +9.9% |
| Non-distributable reserves | 130/1 | €150,000 | €150,000 | = | 0.0% |
| Legal reserve | 130 | €150,000 | €150,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,175,575 | €2,381,105 | +€205,531 | +9.4% |
| Distributable reserves | 133 | €2,318,108 | €2,572,946 | +€254,838 | +11.0% |
| Profit (loss) carried forward | 14 | €12,827,848 | €13,387,464 | +€559,617 | +4.4% |
| Provisions and deferred taxes | 16 | €15,900 | €29,023 | +€13,123 | +82.5% |
| Deferred taxes | 168 | €15,900 | €29,023 | +€13,123 | +82.5% |
| Amounts payable | 17/49 | €12,992,558 | €12,727,732 | -€264,826 | -2.0% |
| Amounts payable after more than one year | 17 | €1,890,264 | €1,595,444 | -€294,820 | -15.6% |
| Financial debts | 170/4 | €1,890,264 | €1,595,444 | -€294,820 | -15.6% |
| Leasing and similar obligations | 172 | €1,890,264 | €1,595,444 | -€294,820 | -15.6% |
| Amounts payable within one year | 42/48 | €8,792,642 | €9,099,013 | +€306,371 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €288,740 | €294,820 | +€6,080 | +2.1% |
| Financial debts | 43 | €1,500,000 | €500,000 | -€1.0m | -66.7% |
| Credit institutions | 430/8 | €1,500,000 | €500,000 | -€1.0m | -66.7% |
| Trade debts | 44 | €1,743,619 | €3,389,313 | +€1.6m | +94.4% |
| Suppliers | 440/4 | €1,743,619 | €3,389,313 | +€1.6m | +94.4% |
| Taxes, remuneration and social security | 45 | €1,338,113 | €1,353,681 | +€15,568 | +1.2% |
| Taxes | 450/3 | €453,215 | €484,366 | +€31,151 | +6.9% |
| Remuneration and social security | 454/9 | €884,898 | €869,315 | -€15,583 | -1.8% |
| Other amounts payable | 47/48 | €3,922,170 | €3,561,198 | -€360,972 | -9.2% |
| Accrued charges and deferred income | 492/3 | €2,309,651 | €2,033,275 | -€276,376 | -12.0% |
| Operating income | 70/76A | €34,652,202 | €35,991,140 | +€1.3m | +3.9% |
| Turnover | 70 | €34,125,200 | €35,332,724 | +€1.2m | +3.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€286,355 | -€129,801 | +€156,554 | +54.7% |
| Other operating income | 74 | €684,150 | €703,617 | +€19,467 | +2.8% |
| Non-recurring operating income | 76A | €129,207 | €84,601 | -€44,606 | -34.5% |
| Operating charges | 60/66A | €33,714,422 | €35,042,493 | +€1.3m | +3.9% |
| Goods for resale, raw materials and consumables | 60 | €20,562,014 | €21,511,702 | +€949,688 | +4.6% |
| Purchases | 600/8 | €18,912,792 | €21,104,844 | +€2.2m | +11.6% |
| Change in stocks: decrease (increase) | 609 | €1,649,223 | €406,858 | -€1.2m | -75.3% |
| Services and other goods | 61 | €5,220,892 | €5,231,592 | +€10,700 | +0.2% |
| Remuneration, social security and pensions | 62 | €6,591,198 | €6,753,087 | +€161,889 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,200,667 | €1,211,000 | +€10,333 | +0.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,238 | €1,859 | -€379 | -16.9% |
| Other operating charges | 640/8 | €108,847 | €84,994 | -€23,852 | -21.9% |
| Non-recurring operating charges | 66A | €28,567 | €248,259 | +€219,692 | +769.0% |
| Operating profit (loss) | 9901 | €937,780 | €948,648 | +€10,867 | +1.2% |
| Financial income | 75/76B | €746,782 | €735,057 | -€11,725 | -1.6% |
| Recurring financial income | 75 | €746,782 | €735,057 | -€11,725 | -1.6% |
| Income from current assets | 751 | €483,582 | €517,838 | +€34,256 | +7.1% |
| Other financial income | 752/9 | €263,200 | €217,219 | -€45,981 | -17.5% |
| Financial charges | 65/66B | €415,113 | €293,149 | -€121,964 | -29.4% |
| Recurring financial charges | 65 | €415,113 | €293,149 | -€121,964 | -29.4% |
| Debt charges | 650 | €378,540 | €264,136 | -€114,404 | -30.2% |
| Other financial charges | 652/9 | €36,573 | €29,013 | -€7,561 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | €1,269,449 | €1,390,556 | +€121,106 | +9.5% |
| Transfer from deferred taxes | 780 | €6,528 | €7,252 | +€724 | +11.1% |
| Transfer to deferred taxes | 680 | - | €20,375 | +€20,375 | |
| Income taxes | 67/77 | €356,035 | €357,447 | +€1,412 | +0.4% |
| Taxes | 670/3 | €356,035 | €357,447 | +€1,412 | +0.4% |
| Profit (loss) for the period | 9904 | €919,943 | €1,019,986 | +€100,043 | +10.9% |
| Transfer from tax-exempt reserves | 789 | €19,585 | €276,594 | +€257,010 | +1312.3% |
| Transfer to tax-exempt reserves | 689 | €421,000 | €482,125 | +€61,125 | +14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €518,528 | €814,455 | +€295,927 | +57.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.