Sort & Pak Service: 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.
Sort & Pak Service
Largest movements
- Receivables within one year -€207,788
down €207,788 (-15.4%), from €1.3m to €1.1m
of which Trade receivables: -€214,505
- Stocks and contracts -€146,012
down €146,012 (-14.1%), from €1.0m to €890,807
- Cash +€69,321
up €69,321 (+49.6%), from €139,810 to €209,131
mainly Receivables within one year (+€207,788) and Net result for the year (+€165,435)
- Deferred charges and accrued income +€31,319
up €31,319 (+1,052%), from €2,978 to €34,297
- Other debts -€502,519
no longer reported in 2025 (was €502,519)
- Profit (loss) carried forward +€165,435
up €165,435, from -€143,578 to €21,857
- Tax, wage and social debts +€84,744
up €84,744 (+18.1%), from €466,916 to €551,660
of which Taxes: +€48,015
- Accrued charges and deferred income -€72,390
no longer reported in 2025 (was €72,390)
- Trade debts +€58,292
up €58,292 (+9.4%), from €621,224 to €679,516
- Staff costs +€160,199
up €160,199 (+5.4%), from €3.0m to €3.1m
- Gross operating margin +€148,661
up €148,661 (+4.6%), from €3.3m to €3.4m
- Financial charges -€50,759
down €50,759 (-64.9%), from €78,271 to €27,512
- Taxes +€41,136
up €41,136 (+1,564%), from €2,631 to €43,767
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.
Derived cash bridge
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 | €2,547,522 | €2,281,084 | -€266,438 | -10.5% |
| Fixed assets | 21/28 | €22,239 | €8,960 | -€13,278 | -59.7% |
| Tangible fixed assets | 22/27 | €19,739 | €8,710 | -€11,028 | -55.9% |
| Plant, machinery and equipment | 23 | €19,739 | €8,710 | -€11,028 | -55.9% |
| Financial fixed assets | 28 | €2,500 | €250 | -€2,250 | -90.0% |
| Current assets | 29/58 | €2,525,284 | €2,272,124 | -€253,160 | -10.0% |
| Stocks and contracts in progress | 3 | €1,036,819 | €890,807 | -€146,012 | -14.1% |
| Stocks | 30/36 | €1,036,819 | €890,807 | -€146,012 | -14.1% |
| Amounts receivable within one year | 40/41 | €1,345,676 | €1,137,889 | -€207,788 | -15.4% |
| Trade receivables | 40 | €1,235,522 | €1,021,017 | -€214,505 | -17.4% |
| Other amounts receivable | 41 | €110,154 | €116,871 | +€6,717 | +6.1% |
| Cash at bank and in hand | 54/58 | €139,810 | €209,131 | +€69,321 | +49.6% |
| Deferred charges and accrued income | 490/1 | €2,978 | €34,297 | +€31,319 | +1,052% |
| Total equity and liabilities | 10/49 | €2,547,522 | €2,281,084 | -€266,438 | -10.5% |
| Equity | 10/15 | €884,473 | €1,049,908 | +€165,435 | +18.7% |
| Contributions | 10/11 | €1,014,260 | €1,014,260 | = | 0.0% |
| Reserves | 13 | €13,791 | €13,791 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,791 | €13,791 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€143,578 | €21,857 | +€165,435 | |
| Amounts payable | 17/49 | €1,663,049 | €1,231,176 | -€431,873 | -26.0% |
| Amounts payable within one year | 42/48 | €1,590,659 | €1,231,176 | -€359,482 | -22.6% |
| Trade debts | 44 | €621,224 | €679,516 | +€58,292 | +9.4% |
| Suppliers | 440/4 | €621,224 | €679,516 | +€58,292 | +9.4% |
| Taxes, remuneration and social security | 45 | €466,916 | €551,660 | +€84,744 | +18.1% |
| Taxes | 450/3 | €50,794 | €98,809 | +€48,015 | +94.5% |
| Remuneration and social security | 454/9 | €416,122 | €452,851 | +€36,730 | +8.8% |
| Other amounts payable | 47/48 | €502,519 | - | -€502,519 | |
| Accrued charges and deferred income | 492/3 | €72,390 | - | -€72,390 | |
| Remuneration, social security and pensions | 62 | €2,983,446 | €3,143,645 | +€160,199 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,155 | €11,028 | -€1,126 | -9.3% |
| Other operating charges | 640/8 | €1,591 | €5,946 | +€4,355 | +274% |
| Non-recurring operating charges | 66A | - | €2,500 | +€2,500 | |
| Gross operating margin | 9900 | €3,251,170 | €3,399,832 | +€148,661 | +4.6% |
| Operating profit (loss) | 9901 | €253,980 | €236,713 | -€17,266 | -6.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €78,271 | €27,512 | -€50,759 | -64.9% |
| Recurring financial charges | 65 | €78,271 | €27,512 | -€50,759 | -64.9% |
| Profit (loss) for the period before taxes | 9903 | €175,709 | €209,201 | +€33,492 | +19.1% |
| Income taxes | 67/77 | €2,631 | €43,767 | +€41,136 | +1,564% |
| Profit (loss) for the period | 9904 | €173,078 | €165,435 | -€7,643 | -4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €173,078 | €165,435 | -€7,643 | -4.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.