SWEET PACK: 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.
SWEET PACK
Largest movements
- Tangible fixed assets +€507,096
up €507,096 (+87.8%), from €577,327 to €1.1m
of which Plant, machinery and equipment: +€402,282
- Receivables within one year -€60,453
down €60,453 (-14.8%), from €409,365 to €348,912
of which Trade receivables: -€78,622
- Cash -€45,707
down €45,707 (-32.7%), from €139,746 to €94,040
mainly Investment in fixed assets (net) (-€672,748) and Short-term financial debts (-€88,289)
- Debts after one year +€305,926
up €305,926 (+132%), from €232,112 to €538,038
- Short-term financial debts -€88,289
down €88,289 (-14.9%), from €591,336 to €503,047
of which Credit institutions: -€88,289
- Trade debts +€65,556
up €65,556 (+29.8%), from €220,051 to €285,607
- Profit (loss) carried forward +€51,662
up €51,662 (+59.7%), from €86,583 to €138,246
- Other debts +€48,679
up €48,679 (+540%), from €9,014 to €57,693
- Gross operating margin +€63,945
up €63,945 (+15.7%), from €406,075 to €470,020
- Depreciation +€45,018
up €45,018 (+36.8%), from €122,227 to €167,245
- Taxes -€19,439
down €19,439 (-67.1%), from €28,988 to €9,549
- Staff costs +€16,001
up €16,001 (+12.9%), from €123,661 to €139,662
- Financial charges +€8,045
up €8,045 (+15.6%), from €51,575 to €59,620
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 | €2,017,054 | €2,425,155 | +€408,101 | +20.2% |
| Fixed assets | 21/28 | €579,607 | €1,085,110 | +€505,503 | +87.2% |
| Intangible fixed assets | 21 | €2,140 | €687 | -€1,453 | -67.9% |
| Tangible fixed assets | 22/27 | €577,327 | €1,084,423 | +€507,096 | +87.8% |
| Land and buildings | 22 | €314,238 | €425,212 | +€110,974 | +35.3% |
| Plant, machinery and equipment | 23 | €188,092 | €590,375 | +€402,282 | +214% |
| Furniture and vehicles | 24 | €40,638 | €30,673 | -€9,965 | -24.5% |
| Leasing and similar rights | 25 | €34,359 | €38,164 | +€3,805 | +11.1% |
| Financial fixed assets | 28 | €140 | €0 | -€140 | -100% |
| Current assets | 29/58 | €1,437,447 | €1,340,045 | -€97,401 | -6.8% |
| Stocks and contracts in progress | 3 | €888,335 | €896,488 | +€8,153 | +0.9% |
| Stocks | 30/36 | €888,335 | €896,488 | +€8,153 | +0.9% |
| Amounts receivable within one year | 40/41 | €409,365 | €348,912 | -€60,453 | -14.8% |
| Trade receivables | 40 | €381,476 | €302,854 | -€78,622 | -20.6% |
| Other amounts receivable | 41 | €27,889 | €46,058 | +€18,169 | +65.1% |
| Cash at bank and in hand | 54/58 | €139,746 | €94,040 | -€45,707 | -32.7% |
| Deferred charges and accrued income | 490/1 | - | €605 | +€605 | |
| Total equity and liabilities | 10/49 | €2,017,054 | €2,425,155 | +€408,101 | +20.2% |
| Equity | 10/15 | €576,583 | €663,246 | +€86,662 | +15.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Revaluation surpluses | 12 | €129,615 | €122,039 | -€7,576 | -5.8% |
| Reserves | 13 | €260,385 | €302,961 | +€42,576 | +16.4% |
| Non-distributable reserves | 130/1 | €110,385 | €117,961 | +€7,576 | +6.9% |
| Reserves not available under the articles | 1311 | €110,385 | €117,961 | +€7,576 | +6.9% |
| Distributable reserves | 133 | €150,000 | €185,000 | +€35,000 | +23.3% |
| Profit (loss) carried forward | 14 | €86,583 | €138,246 | +€51,662 | +59.7% |
| Amounts payable | 17/49 | €1,440,471 | €1,761,910 | +€321,439 | +22.3% |
| Amounts payable after more than one year | 17 | €232,112 | €538,038 | +€305,926 | +132% |
| Financial debts | 170/4 | €232,112 | €538,038 | +€305,926 | +132% |
| Amounts payable within one year | 42/48 | €1,208,359 | €1,223,872 | +€15,513 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €345,861 | €327,129 | -€18,733 | -5.4% |
| Financial debts | 43 | €591,336 | €503,047 | -€88,289 | -14.9% |
| Credit institutions | 430/8 | €291,336 | €203,047 | -€88,289 | -30.3% |
| Other loans | 439 | €300,000 | €300,000 | = | 0.0% |
| Trade debts | 44 | €220,051 | €285,607 | +€65,556 | +29.8% |
| Suppliers | 440/4 | €220,051 | €285,607 | +€65,556 | +29.8% |
| Taxes, remuneration and social security | 45 | €42,097 | €50,396 | +€8,299 | +19.7% |
| Taxes | 450/3 | €29,687 | €27,953 | -€1,734 | -5.8% |
| Remuneration and social security | 454/9 | €12,410 | €22,443 | +€10,033 | +80.8% |
| Other amounts payable | 47/48 | €9,014 | €57,693 | +€48,679 | +540% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €123,661 | €139,662 | +€16,001 | +12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €122,227 | €167,245 | +€45,018 | +36.8% |
| Other operating charges | 640/8 | €10,219 | €8,991 | -€1,229 | -12.0% |
| Gross operating margin | 9900 | €406,075 | €470,020 | +€63,945 | +15.7% |
| Operating profit (loss) | 9901 | €149,967 | €154,122 | +€4,154 | +2.8% |
| Financial income | 75/76B | €2,086 | €1,710 | -€376 | -18.0% |
| Recurring financial income | 75 | €2,086 | €1,710 | -€376 | -18.0% |
| Financial charges | 65/66B | €51,575 | €59,620 | +€8,045 | +15.6% |
| Recurring financial charges | 65 | €51,575 | €59,620 | +€8,045 | +15.6% |
| Profit (loss) for the period before taxes | 9903 | €100,478 | €96,211 | -€4,266 | -4.2% |
| Income taxes | 67/77 | €28,988 | €9,549 | -€19,439 | -67.1% |
| Profit (loss) for the period | 9904 | €71,490 | €86,662 | +€15,172 | +21.2% |
| Profit (loss) for the period to be appropriated | 9905 | €71,490 | €86,662 | +€15,172 | +21.2% |
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 14 October 2026 via checked.be.