TONY 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.
TONY PACK
Largest movements
- Stocks and contracts -€43,088
down €43,088 (-83.7%), from €51,496 to €8,408
- Receivables within one year -€4,960
down €4,960 (-3.3%), from €148,565 to €143,605
of which Trade receivables: -€6,992
- Profit (loss) carried forward -€32,994
down €32,994 (-25.2%), from €131,187 to €98,193
- Other debts -€9,965
down €9,965 (-98.5%), from €10,122 to €156
- Trade debts -€7,275
down €7,275 (-22.6%), from €32,156 to €24,882
- Debts after one year +€3,475
new in 2025: €3,475
- Gross operating margin -€84,973
down €84,973 (-66.2%), from €128,417 to €43,444
- Taxes -€33,391
down €33,391 (-96.6%), from €34,575 to €1,183
- Depreciation +€7,669
up €7,669 (+23.1%), from €33,145 to €40,814
- Other operating charges +€2,918
up €2,918 (+96.5%), from €3,025 to €5,943
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 | €345,153 | €298,227 | -€46,926 | -13.6% |
| Fixed assets | 21/28 | €138,592 | €137,395 | -€1,197 | -0.9% |
| Tangible fixed assets | 22/27 | €76,635 | €75,437 | -€1,197 | -1.6% |
| Plant, machinery and equipment | 23 | €1,359 | €460 | -€899 | -66.2% |
| Furniture and vehicles | 24 | €63,784 | €68,165 | +€4,381 | +6.9% |
| Other tangible fixed assets | 26 | €11,492 | €6,812 | -€4,680 | -40.7% |
| Financial fixed assets | 28 | €61,957 | €61,957 | = | 0.0% |
| Current assets | 29/58 | €206,561 | €160,832 | -€45,728 | -22.1% |
| Stocks and contracts in progress | 3 | €51,496 | €8,408 | -€43,088 | -83.7% |
| Stocks | 30/36 | €51,496 | €8,408 | -€43,088 | -83.7% |
| Amounts receivable within one year | 40/41 | €148,565 | €143,605 | -€4,960 | -3.3% |
| Trade receivables | 40 | €136,167 | €129,175 | -€6,992 | -5.1% |
| Other amounts receivable | 41 | €12,398 | €14,430 | +€2,032 | +16.4% |
| Cash at bank and in hand | 54/58 | €2,867 | €4,001 | +€1,133 | +39.5% |
| Deferred charges and accrued income | 490/1 | €3,633 | €4,819 | +€1,186 | +32.7% |
| Total equity and liabilities | 10/49 | €345,153 | €298,227 | -€46,926 | -13.6% |
| Equity | 10/15 | €267,147 | €234,153 | -€32,994 | -12.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €117,360 | €117,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €111,500 | €111,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €131,187 | €98,193 | -€32,994 | -25.2% |
| Amounts payable | 17/49 | €78,005 | €64,074 | -€13,931 | -17.9% |
| Amounts payable after more than one year | 17 | - | €3,475 | +€3,475 | |
| Other amounts payable | 178/9 | - | €3,475 | +€3,475 | |
| Amounts payable within one year | 42/48 | €78,005 | €60,599 | -€17,406 | -22.3% |
| Trade debts | 44 | €32,156 | €24,882 | -€7,275 | -22.6% |
| Suppliers | 440/4 | €32,156 | €24,882 | -€7,275 | -22.6% |
| Taxes, remuneration and social security | 45 | €35,727 | €35,561 | -€167 | -0.5% |
| Taxes | 450/3 | €35,727 | €35,561 | -€167 | -0.5% |
| Other amounts payable | 47/48 | €10,122 | €156 | -€9,965 | -98.5% |
| Remuneration, social security and pensions | 62 | -€434 | - | +€434 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,145 | €40,814 | +€7,669 | +23.1% |
| Other operating charges | 640/8 | €3,025 | €5,943 | +€2,918 | +96.5% |
| Non-recurring operating charges | 66A | - | €28,323 | +€28,323 | |
| Gross operating margin | 9900 | €128,417 | €43,444 | -€84,973 | -66.2% |
| Operating profit (loss) | 9901 | €92,681 | -€31,636 | -€124,317 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -80.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -80.0% |
| Financial charges | 65/66B | €124 | €175 | +€51 | +41.2% |
| Recurring financial charges | 65 | €124 | €175 | +€51 | +41.2% |
| Profit (loss) for the period before taxes | 9903 | €92,558 | -€31,811 | -€124,369 | |
| Income taxes | 67/77 | €34,575 | €1,183 | -€33,391 | -96.6% |
| Profit (loss) for the period | 9904 | €57,983 | -€32,994 | -€90,978 | |
| Profit (loss) for the period to be appropriated | 9905 | €57,983 | -€32,994 | -€90,978 |
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 9 October 2026 via checked.be.