VECTOR PACKAGING EUROPE: what changed
Two fiscal 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
VECTOR PACKAGING EUROPE
NACE 22.210, Manufacture of rubber and plastic products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.3m
2024 · €2.1m+€198,196
Equity
€7.7m
2024 · €7.1m+€530,676
Cash
€704,764
2024 · €2.3m-€1.6m
Balance sheet total
€11.3m
2024 · €13.9m-€2.6m
Largest movements
Assets
- Cash -€1.6m
down €1.6m (-69.2%), from €2.3m to €704,764
mainly Other debts (-€4.2m) and Contributions, distributions and other (-€1.8m)
- Receivables within one year -€1.3m
down €1.3m (-25.0%), from €5.0m to €3.8m
of which Other amounts receivable: -€1.8m
- Stocks and contracts +€456,026
up €456,026 (+40.9%), from €1.1m to €1.6m
- Tangible fixed assets -€162,683
down €162,683 (-3.1%), from €5.3m to €5.1m
of which Plant, machinery and equipment: -€493,990
Equity and liabilities
- Other debts -€4.2m
down €4.2m (-100.0%), from €4.2m to €0
- Trade debts +€1.4m
up €1.4m (+120.3%), from €1.2m to €2.6m
- Profit (loss) carried forward +€414,142
up €414,142 (+6010.2%), from €6,891 to €421,032
- Tax, wage and social debts -€390,988
down €390,988 (-29.5%), from €1.3m to €932,757
of which Remuneration and social security: -€391,367
Income statement
- Turnover +€2.2m
up €2.2m (+13.0%), from €17.2m to €19.5m
- Goods and materials +€932,806
up €932,806 (+15.9%), from €5.9m to €6.8m
of which Purchases: +€1.1m
- Services and other goods +€560,152
up €560,152 (+15.3%), from €3.7m to €4.2m
- Provisions +€438,071
up €438,071, from -€325,245 to €112,826
- Taxes +€264,740
up €264,740 (+251.3%), from €105,346 to €370,085
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.
Result 2024
€2.1m
Turnover
+€2.2m
Other operating income
-€35,724
Goods and materials
-€932,806
Services and other goods
-€560,152
Staff costs
-€57,102
Depreciation
+€22,295
Write-downs
-€6,824
Provisions
-€438,071
Other operating charges
-€206
Other operating items
+€458,765
Financial income
-€26,886
Financial charges
-€203,589
Taxes
-€264,740
Result 2025
€2.3m
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.
From operations
+€803,379
Investment
-€583,581
Financing
-€1.8m
Cash 2024
€2.3m
From operations (derived)
+€803,379
Net result for the year
+€2.3m
Depreciation
+€763,295
Stocks and contracts
-€456,026
Receivables within one year
+€1.3m
Deferred charges and accrued income
+€8,565
Provisions
+€112,826
Trade debts
+€1.4m
Tax, wage and social debts
-€390,988
Other debts
-€4.2m
Investment (derived)
-€583,581
Investment in fixed assets (net)
-€583,581
Financing
-€1.8m
Contributions, distributions and other
-€1.8m
Cash 2025
€704,764
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,867,938 | €11,295,532 | -€2.6m | -18.5% |
| Fixed assets | 21/28 | €5,391,616 | €5,211,903 | -€179,713 | -3.3% |
| Intangible fixed assets | 21 | €126,246 | €109,215 | -€17,031 | -13.5% |
| Tangible fixed assets | 22/27 | €5,263,880 | €5,101,197 | -€162,683 | -3.1% |
| Land and buildings | 22 | €1,390,765 | €1,332,809 | -€57,955 | -4.2% |
| Plant, machinery and equipment | 23 | €3,787,638 | €3,293,647 | -€493,990 | -13.0% |
| Furniture and vehicles | 24 | €2,438 | €1,429 | -€1,009 | -41.4% |
| Other tangible fixed assets | 26 | €8,904 | €6,985 | -€1,919 | -21.6% |
| Assets under construction and advance payments | 27 | €74,136 | €466,326 | +€392,191 | +529.0% |
| Financial fixed assets | 28 | €1,491 | €1,491 | = | 0.0% |
| Other financial fixed assets | 284/8 | €1,491 | €1,491 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,491 | €1,491 | = | 0.0% |
| Current assets | 29/58 | €8,476,322 | €6,083,629 | -€2.4m | -28.2% |
| Stocks and contracts in progress | 3 | €1,113,999 | €1,570,025 | +€456,026 | +40.9% |
| Stocks | 30/36 | €1,113,999 | €1,570,025 | +€456,026 | +40.9% |
| Raw materials and consumables | 30/31 | €987,840 | €1,108,444 | +€120,605 | +12.2% |
| Finished goods | 33 | €126,159 | €461,580 | +€335,421 | +265.9% |
| Amounts receivable within one year | 40/41 | €5,040,913 | €3,780,961 | -€1.3m | -25.0% |
| Trade receivables | 40 | €2,796,038 | €3,375,351 | +€579,313 | +20.7% |
| Other amounts receivable | 41 | €2,244,874 | €405,609 | -€1.8m | -81.9% |
| Cash at bank and in hand | 54/58 | €2,284,966 | €704,764 | -€1.6m | -69.2% |
| Deferred charges and accrued income | 490/1 | €36,445 | €27,880 | -€8,565 | -23.5% |
| Total equity and liabilities | 10/49 | €13,867,938 | €11,295,532 | -€2.6m | -18.5% |
| Equity | 10/15 | €7,128,060 | €7,658,736 | +€530,676 | +7.4% |
| Contributions | 10/11 | €6,559,377 | €6,559,377 | = | 0.0% |
| Capital | 10 | €6,559,377 | €6,559,377 | = | 0.0% |
| Issued capital | 100 | €6,559,377 | €6,559,377 | = | 0.0% |
| Reserves | 13 | €505,100 | €621,633 | +€116,534 | +23.1% |
| Non-distributable reserves | 130/1 | €505,100 | €621,633 | +€116,534 | +23.1% |
| Legal reserve | 130 | €505,100 | €621,633 | +€116,534 | +23.1% |
| Profit (loss) carried forward | 14 | €6,891 | €421,032 | +€414,142 | +6010.2% |
| Investment grants | 15 | €56,693 | €56,693 | = | 0.0% |
| Provisions and deferred taxes | 16 | €0 | €112,826 | +€112,826 | |
| Provisions for liabilities and charges | 160/5 | €0 | €112,826 | +€112,826 | |
| Pensions and similar obligations | 160 | €0 | €112,826 | +€112,826 | |
| Amounts payable | 17/49 | €6,739,878 | €3,523,971 | -€3.2m | -47.7% |
| Amounts payable within one year | 42/48 | €6,739,878 | €3,523,971 | -€3.2m | -47.7% |
| Trade debts | 44 | €1,176,134 | €2,591,214 | +€1.4m | +120.3% |
| Suppliers | 440/4 | €1,176,134 | €2,591,214 | +€1.4m | +120.3% |
| Taxes, remuneration and social security | 45 | €1,323,745 | €932,757 | -€390,988 | -29.5% |
| Taxes | 450/3 | €21,942 | €22,321 | +€379 | +1.7% |
| Remuneration and social security | 454/9 | €1,301,803 | €910,436 | -€391,367 | -30.1% |
| Other amounts payable | 47/48 | €4,240,000 | €0 | -€4.2m | -100.0% |
| Operating income | 70/76A | €17,196,743 | €19,863,019 | +€2.7m | +15.5% |
| Turnover | 70 | €17,223,987 | €19,467,221 | +€2.2m | +13.0% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€123,055 | €335,710 | +€458,765 | |
| Other operating income | 74 | €95,811 | €60,087 | -€35,724 | -37.3% |
| Operating charges | 60/66A | €15,074,275 | €17,047,139 | +€2.0m | +13.1% |
| Goods for resale, raw materials and consumables | 60 | €5,872,454 | €6,805,259 | +€932,806 | +15.9% |
| Purchases | 600/8 | €5,828,609 | €6,936,398 | +€1.1m | +19.0% |
| Change in stocks: decrease (increase) | 609 | €43,845 | -€131,139 | -€174,984 | |
| Services and other goods | 61 | €3,670,014 | €4,230,166 | +€560,152 | +15.3% |
| Remuneration, social security and pensions | 62 | €4,998,337 | €5,055,439 | +€57,102 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €785,589 | €763,295 | -€22,295 | -2.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,999 | €10,823 | +€6,824 | +170.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€325,245 | €112,826 | +€438,071 | |
| Other operating charges | 640/8 | €69,127 | €69,332 | +€206 | +0.3% |
| Operating profit (loss) | 9901 | €2,122,469 | €2,815,879 | +€693,410 | +32.7% |
| Financial income | 75/76B | €138,484 | €111,598 | -€26,886 | -19.4% |
| Recurring financial income | 75 | €138,484 | €111,598 | -€26,886 | -19.4% |
| Income from current assets | 751 | €59,575 | €66,185 | +€6,610 | +11.1% |
| Other financial income | 752/9 | €78,909 | €45,413 | -€33,496 | -42.4% |
| Financial charges | 65/66B | €23,128 | €226,717 | +€203,589 | +880.3% |
| Recurring financial charges | 65 | €23,128 | €226,717 | +€203,589 | +880.3% |
| Debt charges | 650 | €0 | €0 | +€0 | +3.3% |
| Other financial charges | 652/9 | €23,128 | €226,716 | +€203,589 | +880.3% |
| Profit (loss) for the period before taxes | 9903 | €2,237,825 | €2,700,761 | +€462,936 | +20.7% |
| Income taxes | 67/77 | €105,346 | €370,085 | +€264,740 | +251.3% |
| Taxes | 670/3 | €105,346 | €370,085 | +€264,740 | +251.3% |
| Profit (loss) for the period | 9904 | €2,132,479 | €2,330,676 | +€198,196 | +9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,132,479 | €2,330,676 | +€198,196 | +9.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.