PLUS PACK: 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
PLUS PACK
NACE 25.920, Manufacture of fabricated metal products, except machinery and equipment
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€639,701
2024 · €664,933-€25,232
Equity
€8.4m
2024 · €7.8m+€639,701
Cash
€891,343
2024 · €500,398+€390,945
Balance sheet total
€12.4m
2024 · €12.7m-€287,095
Largest movements
Assets
- Receivables within one year -€1.5m
down €1.5m (-14.1%), from €10.4m to €9.0m
of which Trade receivables: -€990,504
- Tangible fixed assets +€796,624
up €796,624 (+51.3%), from €1.6m to €2.4m
of which Land and buildings: +€483,749
- Cash +€390,945
up €390,945 (+78.1%), from €500,398 to €891,343
mainly Receivables within one year (+€1.5m) and Net result for the year (+€639,701)
Equity and liabilities
- Trade debts -€713,842
down €713,842 (-17.5%), from €4.1m to €3.4m
- Profit (loss) carried forward +€319,851
up €319,851 (+22.2%), from €1.4m to €1.8m
- Reserves +€319,850
up €319,850 (+35.4%), from €903,979 to €1.2m
of which Tax-exempt reserves: +€319,850
- Tax, wage and social debts -€212,954
down €212,954 (-26.1%), from €814,419 to €601,465
of which Taxes: -€123,168
Income statement
- Turnover +€2.3m
up €2.3m (+12.7%), from €18.1m to €20.4m
- Goods and materials +€2.1m
up €2.1m (+18.9%), from €11.0m to €13.0m
of which Purchases: +€2.1m
- Staff costs -€247,487
down €247,487 (-6.6%), from €3.8m to €3.5m
- Services and other goods +€247,420
up €247,420 (+8.4%), from €2.9m to €3.2m
- Financial income -€205,377
down €205,377 (-59.1%), from €347,256 to €141,879
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.
Result 2024
€664,933
Turnover
+€2.3m
Other operating income
-€21,618
Goods and materials
-€2.1m
Services and other goods
-€247,420
Staff costs
+€247,487
Depreciation
-€20,242
Write-downs
-€13,596
Other operating charges
-€22,527
Financial income
-€205,377
Financial charges
+€5,540
Taxes
+€28,819
Result 2025
€639,701
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.
From operations
+€1.4m
Investment
-€976,739
Financing
€0
Cash 2024
€500,398
From operations (derived)
+€1.4m
Net result for the year
+€639,701
Depreciation
+€180,115
Stocks and contracts
-€2,462
Receivables within one year
+€1.5m
Deferred charges and accrued income
+€11,030
Trade debts
-€713,842
Tax, wage and social debts
-€212,954
Investment (derived)
-€976,739
Investment in fixed assets (net)
-€976,739
Cash 2025
€891,343
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,667,213 | €12,380,118 | -€287,095 | -2.3% |
| Fixed assets | 21/28 | €1,573,589 | €2,370,213 | +€796,624 | +50.6% |
| Tangible fixed assets | 22/27 | €1,553,594 | €2,350,218 | +€796,624 | +51.3% |
| Land and buildings | 22 | €594,789 | €1,078,538 | +€483,749 | +81.3% |
| Plant, machinery and equipment | 23 | €866,326 | €1,046,889 | +€180,563 | +20.8% |
| Furniture and vehicles | 24 | €11,745 | €95,499 | +€83,754 | +713.1% |
| Assets under construction and advance payments | 27 | €80,734 | €129,292 | +€48,558 | +60.1% |
| Financial fixed assets | 28 | €19,995 | €19,995 | = | 0.0% |
| Other financial fixed assets | 284/8 | €19,995 | €19,995 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €19,995 | €19,995 | = | 0.0% |
| Current assets | 29/58 | €11,093,624 | €10,009,905 | -€1.1m | -9.8% |
| Stocks and contracts in progress | 3 | €79,521 | €81,983 | +€2,462 | +3.1% |
| Stocks | 30/36 | €79,521 | €81,983 | +€2,462 | +3.1% |
| Raw materials and consumables | 30/31 | €79,521 | €81,983 | +€2,462 | +3.1% |
| Amounts receivable within one year | 40/41 | €10,432,057 | €8,965,961 | -€1.5m | -14.1% |
| Trade receivables | 40 | €3,646,434 | €2,655,930 | -€990,504 | -27.2% |
| Other amounts receivable | 41 | €6,785,623 | €6,310,031 | -€475,592 | -7.0% |
| Cash at bank and in hand | 54/58 | €500,398 | €891,343 | +€390,945 | +78.1% |
| Deferred charges and accrued income | 490/1 | €81,648 | €70,618 | -€11,030 | -13.5% |
| Total equity and liabilities | 10/49 | €12,667,213 | €12,380,118 | -€287,095 | -2.3% |
| Equity | 10/15 | €7,763,370 | €8,403,071 | +€639,701 | +8.2% |
| Contributions | 10/11 | €5,418,500 | €5,418,500 | = | 0.0% |
| Capital | 10 | €5,418,500 | €5,418,500 | = | 0.0% |
| Issued capital | 100 | €5,418,500 | €5,418,500 | = | 0.0% |
| Reserves | 13 | €903,979 | €1,223,829 | +€319,850 | +35.4% |
| Non-distributable reserves | 130/1 | €588,366 | €588,366 | = | 0.0% |
| Legal reserve | 130 | €588,366 | €588,366 | = | 0.0% |
| Tax-exempt reserves | 132 | €315,613 | €635,463 | +€319,850 | +101.3% |
| Profit (loss) carried forward | 14 | €1,440,891 | €1,760,742 | +€319,851 | +22.2% |
| Provisions and deferred taxes | 16 | €0 | €0 | = | |
| Provisions for liabilities and charges | 160/5 | €0 | €0 | = | |
| Pensions and similar obligations | 160 | €0 | €0 | = | |
| Amounts payable | 17/49 | €4,903,843 | €3,977,047 | -€926,796 | -18.9% |
| Amounts payable within one year | 42/48 | €4,903,843 | €3,977,047 | -€926,796 | -18.9% |
| Trade debts | 44 | €4,089,424 | €3,375,582 | -€713,842 | -17.5% |
| Suppliers | 440/4 | €4,089,424 | €3,375,582 | -€713,842 | -17.5% |
| Taxes, remuneration and social security | 45 | €814,419 | €601,465 | -€212,954 | -26.1% |
| Taxes | 450/3 | €305,130 | €181,962 | -€123,168 | -40.4% |
| Remuneration and social security | 454/9 | €509,289 | €419,503 | -€89,786 | -17.6% |
| Operating income | 70/76A | €18,656,066 | €20,932,536 | +€2.3m | +12.2% |
| Turnover | 70 | €18,147,836 | €20,445,924 | +€2.3m | +12.7% |
| Other operating income | 74 | €508,230 | €486,612 | -€21,618 | -4.3% |
| Operating charges | 60/66A | €17,923,637 | €20,054,321 | +€2.1m | +11.9% |
| Goods for resale, raw materials and consumables | 60 | €10,971,629 | €13,046,015 | +€2.1m | +18.9% |
| Purchases | 600/8 | €10,975,681 | €13,048,476 | +€2.1m | +18.9% |
| Change in stocks: decrease (increase) | 609 | -€4,052 | -€2,461 | +€1,591 | +39.3% |
| Services and other goods | 61 | €2,939,248 | €3,186,668 | +€247,420 | +8.4% |
| Remuneration, social security and pensions | 62 | €3,768,844 | €3,521,357 | -€247,487 | -6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €159,873 | €180,115 | +€20,242 | +12.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €13,596 | +€13,596 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €84,043 | €106,570 | +€22,527 | +26.8% |
| Operating profit (loss) | 9901 | €732,429 | €878,215 | +€145,786 | +19.9% |
| Financial income | 75/76B | €347,256 | €141,879 | -€205,377 | -59.1% |
| Recurring financial income | 75 | €347,256 | €141,879 | -€205,377 | -59.1% |
| Income from current assets | 751 | €338,509 | €141,866 | -€196,643 | -58.1% |
| Other financial income | 752/9 | €8,747 | €13 | -€8,734 | -99.9% |
| Financial charges | 65/66B | €133,243 | €127,703 | -€5,540 | -4.2% |
| Recurring financial charges | 65 | €133,243 | €127,703 | -€5,540 | -4.2% |
| Debt charges | 650 | €2,200 | €2,304 | +€104 | +4.7% |
| Other financial charges | 652/9 | €131,043 | €125,399 | -€5,644 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €946,442 | €892,391 | -€54,051 | -5.7% |
| Income taxes | 67/77 | €281,509 | €252,690 | -€28,819 | -10.2% |
| Taxes | 670/3 | €281,509 | €252,690 | -€28,819 | -10.2% |
| Profit (loss) for the period | 9904 | €664,933 | €639,701 | -€25,232 | -3.8% |
| Transfer to tax-exempt reserves | 689 | - | €319,850 | +€319,850 | |
| Profit (loss) for the period to be appropriated | 9905 | €664,933 | €319,851 | -€345,082 | -51.9% |
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 29 September 2026 via checked.be.