The Pack Consulting: 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.
The Pack Consulting
Largest movements
- Receivables within one year -€69,063
down €69,063 (-98.1%), from €70,396 to €1,333
of which Trade receivables: -€43,950
- Current investments -€37,071
down €37,071 (-100%), from €37,071 to €0
- Cash +€28,642
up €28,642 (+339%), from €8,437 to €37,079
mainly Receivables within one year (+€69,063) and Current investments (+€37,071)
- Tangible fixed assets +€7,290
up €7,290 (+4.5%), from €163,162 to €170,453
of which Furniture and vehicles: +€19,186
- Reserves -€74,769
down €74,769 (-63.6%), from €117,540 to €42,771
- Other debts +€27,827
up €27,827, from €0 to €27,827
- Debts after one year -€17,829
down €17,829 (-17.5%), from €101,955 to €84,125
- Tax, wage and social debts -€12,690
down €12,690 (-43.0%), from €29,497 to €16,807
- Current portion of long-term debt +€4,787
up €4,787 (+41.4%), from €11,560 to €16,347
- Gross operating margin -€75,502
down €75,502, from €62,803 to -€12,699
- Financial income +€17,463
up €17,463 (+1,343%), from €1,301 to €18,763
- Taxes -€12,846
down €12,846 (-98.3%), from €13,071 to €225
- Depreciation +€8,385
up €8,385 (+74.0%), from €11,332 to €19,717
- Financial charges +€1,443
up €1,443 (+52.1%), from €2,771 to €4,214
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €283,645 | €213,740 | -€69,905 | -24.6% |
| Fixed assets | 21/28 | €163,162 | €170,453 | +€7,290 | +4.5% |
| Tangible fixed assets | 22/27 | €163,162 | €170,453 | +€7,290 | +4.5% |
| Land and buildings | 22 | €159,770 | €148,690 | -€11,080 | -6.9% |
| Plant, machinery and equipment | 23 | €1,861 | €1,045 | -€816 | -43.9% |
| Furniture and vehicles | 24 | €1,532 | €20,718 | +€19,186 | +1,253% |
| Current assets | 29/58 | €120,483 | €43,287 | -€77,196 | -64.1% |
| Amounts receivable within one year | 40/41 | €70,396 | €1,333 | -€69,063 | -98.1% |
| Trade receivables | 40 | €45,250 | €1,300 | -€43,950 | -97.1% |
| Other amounts receivable | 41 | €25,146 | €33 | -€25,113 | -99.9% |
| Current investments | 50/53 | €37,071 | €0 | -€37,071 | -100% |
| Cash at bank and in hand | 54/58 | €8,437 | €37,079 | +€28,642 | +339% |
| Deferred charges and accrued income | 490/1 | €4,580 | €4,875 | +€295 | +6.5% |
| Total equity and liabilities | 10/49 | €283,645 | €213,740 | -€69,905 | -24.6% |
| Equity | 10/15 | €136,090 | €61,321 | -€74,769 | -54.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €117,540 | €42,771 | -€74,769 | -63.6% |
| Distributable reserves | 133 | €117,540 | €42,771 | -€74,769 | -63.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €147,555 | €152,419 | +€4,864 | +3.3% |
| Amounts payable after more than one year | 17 | €101,955 | €84,125 | -€17,829 | -17.5% |
| Financial debts | 170/4 | €101,955 | €84,125 | -€17,829 | -17.5% |
| Amounts payable within one year | 42/48 | €45,601 | €68,294 | +€22,693 | +49.8% |
| Current portion of amounts payable after more than one year | 42 | €11,560 | €16,347 | +€4,787 | +41.4% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €4,543 | €7,313 | +€2,769 | +61.0% |
| Suppliers | 440/4 | €4,543 | €7,313 | +€2,769 | +61.0% |
| Taxes, remuneration and social security | 45 | €29,497 | €16,807 | -€12,690 | -43.0% |
| Taxes | 450/3 | €29,497 | €16,807 | -€12,690 | -43.0% |
| Other amounts payable | 47/48 | €0 | €27,827 | +€27,827 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,332 | €19,717 | +€8,385 | +74.0% |
| Other operating charges | 640/8 | €1,774 | €2,677 | +€903 | +50.9% |
| Gross operating margin | 9900 | €62,803 | -€12,699 | -€75,502 | |
| Operating profit (loss) | 9901 | €49,697 | -€35,093 | -€84,791 | |
| Financial income | 75/76B | €1,301 | €18,763 | +€17,463 | +1,343% |
| Recurring financial income | 75 | €1,301 | €18,763 | +€17,463 | +1,343% |
| Financial charges | 65/66B | €2,771 | €4,214 | +€1,443 | +52.1% |
| Recurring financial charges | 65 | €2,771 | €4,214 | +€1,443 | +52.1% |
| Profit (loss) for the period before taxes | 9903 | €48,227 | -€20,544 | -€68,771 | |
| Income taxes | 67/77 | €13,071 | €225 | -€12,846 | -98.3% |
| Profit (loss) for the period | 9904 | €35,156 | -€20,769 | -€55,924 | |
| Profit (loss) for the period to be appropriated | 9905 | €35,156 | -€20,769 | -€55,924 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.