SK packaging: 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.
What changed
SK packaging
NACE 17.220, Manufacture of paper and paper products
financial year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€594,023
2023 · €354,801+€239,222
Equity
€2.3m
2023 · €1.7m+€594,023
Cash
€298,261
2023 · €280,567+€17,693
Balance sheet total
€8.4m
2023 · €8.5m-€27,136
Largest movements
Assets
- Stocks and contracts -€578,310
down €578,310 (-35.0%), from €1.7m to €1.1m
- Receivables within one year +€576,476
up €576,476 (+23.0%), from €2.5m to €3.1m
of which Trade receivables: +€646,954
Equity and liabilities
- Reserves +€594,023
up €594,023 (+40.0%), from €1.5m to €2.1m
of which Distributable reserves: +€610,046
- Other debts -€454,517
down €454,517 (-86.7%), from €524,291 to €69,774
- Debts after one year -€175,471
down €175,471 (-5.6%), from €3.1m to €2.9m
Income statement
- Depreciation -€356,154
down €356,154 (-67.3%), from €529,570 to €173,416
- Taxes +€204,108
up €204,108 (+1045.6%), from €19,521 to €223,630
- Financial charges +€140,146
up €140,146 (+385.6%), from €36,343 to €176,490
of which Financial charges: +€140,282
- Gross operating margin +€76,970
up €76,970 (+5.4%), from €1.4m to €1.5m
- Staff costs -€40,185
down €40,185 (-12.3%), from €326,487 to €286,301
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
€354,801
Gross operating margin
+€76,970
Staff costs
+€40,185
Depreciation
+€356,154
Other operating charges
+€7,323
Other operating items
-€2,138
Financial income
-€6,428
Financial charges
-€140,146
Taxes
-€204,108
Deferred taxes and other
+€111,410
Result 2024
€594,023
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
+€300,755
Investment
-€132,228
Financing
-€150,834
Cash 2023
€280,567
From operations (derived)
+€300,755
Net result for the year
+€594,023
Depreciation
+€173,416
Stocks and contracts
+€578,310
Receivables within one year
-€576,476
Deferred charges and accrued income
+€1,807
Provisions
-€5,341
Trade debts
+€14,168
Tax, wage and social debts
-€59,636
Other debts
-€454,517
Accrued charges and deferred income
+€35,000
Investment (derived)
-€132,228
Investment in fixed assets (net)
-€132,228
Financing
-€150,834
Debts after one year
-€175,471
Current portion of long-term debt
+€24,637
Cash 2024
€298,261
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,461,741 | €8,434,605 | -€27,136 | -0.3% |
| Fixed assets | 21/28 | €4,009,089 | €3,967,901 | -€41,188 | -1.0% |
| Tangible fixed assets | 22/27 | €4,009,089 | €3,967,901 | -€41,188 | -1.0% |
| Land and buildings | 22 | €3,984,544 | €3,848,706 | -€135,839 | -3.4% |
| Plant, machinery and equipment | 23 | €3,500 | €27,687 | +€24,188 | +691.2% |
| Furniture and vehicles | 24 | €21,045 | €14,638 | -€6,407 | -30.4% |
| Leasing and similar rights | 25 | - | €76,870 | +€76,870 | |
| Current assets | 29/58 | €4,452,651 | €4,466,704 | +€14,052 | +0.3% |
| Stocks and contracts in progress | 3 | €1,653,558 | €1,075,248 | -€578,310 | -35.0% |
| Stocks | 30/36 | €1,653,558 | €1,075,248 | -€578,310 | -35.0% |
| Amounts receivable within one year | 40/41 | €2,508,899 | €3,085,375 | +€576,476 | +23.0% |
| Trade receivables | 40 | €2,385,750 | €3,032,704 | +€646,954 | +27.1% |
| Other amounts receivable | 41 | €123,149 | €52,671 | -€70,479 | -57.2% |
| Cash at bank and in hand | 54/58 | €280,567 | €298,261 | +€17,693 | +6.3% |
| Deferred charges and accrued income | 490/1 | €9,627 | €7,820 | -€1,807 | -18.8% |
| Total equity and liabilities | 10/49 | €8,461,741 | €8,434,605 | -€27,136 | -0.3% |
| Equity | 10/15 | €1,692,280 | €2,286,303 | +€594,023 | +35.1% |
| Contributions | 10/11 | €206,200 | €206,200 | = | 0.0% |
| Reserves | 13 | €1,486,080 | €2,080,103 | +€594,023 | +40.0% |
| Tax-exempt reserves | 132 | €636,420 | €620,398 | -€16,022 | -2.5% |
| Distributable reserves | 133 | €849,660 | €1,459,705 | +€610,046 | +71.8% |
| Provisions and deferred taxes | 16 | €185,622 | €180,282 | -€5,341 | -2.9% |
| Deferred taxes | 168 | €185,622 | €180,282 | -€5,341 | -2.9% |
| Amounts payable | 17/49 | €6,583,838 | €5,968,020 | -€615,818 | -9.4% |
| Amounts payable after more than one year | 17 | €3,122,913 | €2,947,442 | -€175,471 | -5.6% |
| Financial debts | 170/4 | €3,122,913 | €2,947,442 | -€175,471 | -5.6% |
| Amounts payable within one year | 42/48 | €3,460,926 | €2,985,578 | -€475,348 | -13.7% |
| Current portion of amounts payable after more than one year | 42 | €208,496 | €233,133 | +€24,637 | +11.8% |
| Trade debts | 44 | €2,454,701 | €2,468,869 | +€14,168 | +0.6% |
| Suppliers | 440/4 | €2,454,701 | €2,468,869 | +€14,168 | +0.6% |
| Taxes, remuneration and social security | 45 | €273,438 | €213,802 | -€59,636 | -21.8% |
| Taxes | 450/3 | €228,759 | €172,461 | -€56,297 | -24.6% |
| Remuneration and social security | 454/9 | €44,679 | €41,341 | -€3,339 | -7.5% |
| Other amounts payable | 47/48 | €524,291 | €69,774 | -€454,517 | -86.7% |
| Accrued charges and deferred income | 492/3 | - | €35,000 | +€35,000 | |
| Remuneration, social security and pensions | 62 | €326,487 | €286,301 | -€40,185 | -12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €529,570 | €173,416 | -€356,154 | -67.3% |
| Other operating charges | 640/8 | €56,721 | €49,398 | -€7,323 | -12.9% |
| Non-recurring operating charges | 66A | - | €2,138 | +€2,138 | |
| Gross operating margin | 9900 | €1,416,427 | €1,493,396 | +€76,970 | +5.4% |
| Operating profit (loss) | 9901 | €503,649 | €982,143 | +€478,494 | +95.0% |
| Financial income | 75/76B | €13,087 | €6,658 | -€6,428 | -49.1% |
| Recurring financial income | 75 | €13,087 | €6,658 | -€6,428 | -49.1% |
| Financial charges | 65/66B | €36,343 | €176,490 | +€140,146 | +385.6% |
| Recurring financial charges | 65 | €36,208 | €176,490 | +€140,282 | +387.4% |
| Non-recurring financial charges | 66B | €135 | - | -€135 | |
| Profit (loss) for the period before taxes | 9903 | €480,392 | €812,312 | +€331,920 | +69.1% |
| Transfer from deferred taxes | 780 | €746 | €5,341 | +€4,594 | +615.6% |
| Transfer to deferred taxes | 680 | €106,816 | - | -€106,816 | |
| Income taxes | 67/77 | €19,521 | €223,630 | +€204,108 | +1045.6% |
| Profit (loss) for the period | 9904 | €354,801 | €594,023 | +€239,222 | +67.4% |
| Transfer from tax-exempt reserves | 789 | €2,239 | €16,022 | +€13,783 | +615.6% |
| Transfer to tax-exempt reserves | 689 | €320,448 | - | -€320,448 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,593 | €610,046 | +€573,453 | +1567.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.