Shape Packaging: 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.
Shape Packaging
Largest movements
- Cash -€11,640
down €11,640 (-53.3%), from €21,819 to €10,179
mainly Net result for the year (-€49,313) and Tax, wage and social debts (-€6,205)
- Receivables within one year +€5,495
up €5,495 (+92.6%), from €5,937 to €11,432
of which Trade receivables: +€8,263
- Deferred charges and accrued income -€873
down €873 (-13.9%), from €6,259 to €5,387
- Profit (loss) carried forward -€49,313
down €49,313 (-188.1%), from -€26,222 to -€75,535
- Trade debts +€17,160
up €17,160 (+1755.3%), from €978 to €18,138
- Debts after one year +€14,663
new in 2025: €14,663
- Tax, wage and social debts -€6,205
down €6,205 (-69.6%), from €8,918 to €2,713
of which Taxes: -€3,555
- Current portion of long-term debt +€6,015
new in 2025: €6,015
- Gross operating margin +€33,172
up €33,172 (+44.9%), from -€73,921 to -€40,749
- Taxes +€4,559
up €4,559 (+1034.1%), from €441 to €5,000
- Financial charges +€1,454
up €1,454 (+167.1%), from €870 to €2,324
- Financial income -€867
no longer reported in 2025 (was €867)
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 | €34,213 | €26,998 | -€7,215 | -21.1% |
| Fixed assets | 21/28 | €197 | - | -€197 | |
| Intangible fixed assets | 21 | €197 | - | -€197 | |
| Current assets | 29/58 | €34,016 | €26,998 | -€7,018 | -20.6% |
| Amounts receivable within one year | 40/41 | €5,937 | €11,432 | +€5,495 | +92.6% |
| Trade receivables | 40 | €3,169 | €11,432 | +€8,263 | +260.7% |
| Other amounts receivable | 41 | €2,768 | - | -€2,768 | |
| Cash at bank and in hand | 54/58 | €21,819 | €10,179 | -€11,640 | -53.3% |
| Deferred charges and accrued income | 490/1 | €6,259 | €5,387 | -€873 | -13.9% |
| Total equity and liabilities | 10/49 | €34,213 | €26,998 | -€7,215 | -21.1% |
| Equity | 10/15 | €24,278 | -€25,035 | -€49,313 | |
| Contributions | 10/11 | €43,000 | €43,000 | = | 0.0% |
| Reserves | 13 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,222 | -€75,535 | -€49,313 | -188.1% |
| Amounts payable | 17/49 | €9,935 | €52,033 | +€42,098 | +423.7% |
| Amounts payable after more than one year | 17 | - | €14,663 | +€14,663 | |
| Financial debts | 170/4 | - | €14,663 | +€14,663 | |
| Amounts payable within one year | 42/48 | €9,935 | €32,370 | +€22,434 | +225.8% |
| Current portion of amounts payable after more than one year | 42 | - | €6,015 | +€6,015 | |
| Financial debts | 43 | €40 | - | -€40 | |
| Credit institutions | 430/8 | €40 | - | -€40 | |
| Trade debts | 44 | €978 | €18,138 | +€17,160 | +1755.3% |
| Suppliers | 440/4 | €978 | €18,138 | +€17,160 | +1755.3% |
| Taxes, remuneration and social security | 45 | €8,918 | €2,713 | -€6,205 | -69.6% |
| Taxes | 450/3 | €6,268 | €2,713 | -€3,555 | -56.7% |
| Remuneration and social security | 454/9 | €2,650 | - | -€2,650 | |
| Other amounts payable | 47/48 | - | €5,503 | +€5,503 | |
| Accrued charges and deferred income | 492/3 | - | €5,000 | +€5,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €869 | €197 | -€672 | -77.3% |
| Other operating charges | 640/8 | €1,389 | €1,043 | -€346 | -24.9% |
| Gross operating margin | 9900 | -€73,921 | -€40,749 | +€33,172 | +44.9% |
| Operating profit (loss) | 9901 | -€76,179 | -€41,989 | +€34,191 | +44.9% |
| Financial income | 75/76B | €867 | - | -€867 | |
| Recurring financial income | 75 | €867 | - | -€867 | |
| Financial charges | 65/66B | €870 | €2,324 | +€1,454 | +167.1% |
| Recurring financial charges | 65 | €870 | €2,324 | +€1,454 | +167.1% |
| Profit (loss) for the period before taxes | 9903 | -€76,182 | -€44,313 | +€31,869 | +41.8% |
| Income taxes | 67/77 | €441 | €5,000 | +€4,559 | +1034.1% |
| Profit (loss) for the period | 9904 | -€76,623 | -€49,313 | +€27,310 | +35.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€76,623 | -€49,313 | +€27,310 | +35.6% |
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 5 October 2026 via checked.be.