Verpackt: 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.
Verpackt
Largest movements
- Receivables within one year +€107,893
up €107,893 (+45.7%), from €236,323 to €344,217
of which Other amounts receivable: +€97,633
- Cash +€70,312
up €70,312 (+57.2%), from €122,996 to €193,308
mainly Depreciation (+€97,969) and Trade debts (+€93,018)
- Stocks and contracts -€32,957
down €32,957 (-8.3%), from €398,546 to €365,589
- Tangible fixed assets -€21,884
down €21,884 (-4.4%), from €496,982 to €475,098
of which Furniture and vehicles: -€13,888
- Trade debts +€93,018
up €93,018 (+37.2%), from €249,757 to €342,775
- Tax, wage and social debts -€48,099
down €48,099 (-26.1%), from €184,326 to €136,226
of which Remuneration and social security: -€25,831
- Other debts +€47,920
up €47,920 (+15.3%), from €313,785 to €361,705
- Debts after one year +€26,956
up €26,956 (+9.0%), from €298,135 to €325,090
- Accrued charges and deferred income +€18,547
up €18,547 (+3869.0%), from €479 to €19,027
- Gross operating margin -€179,730
down €179,730 (-14.6%), from €1.2m to €1.1m
- Staff costs -€92,962
down €92,962 (-9.2%), from €1.0m to €912,464
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 | €1,336,954 | €1,469,653 | +€132,700 | +9.9% |
| Fixed assets | 21/28 | €569,824 | €542,907 | -€26,917 | -4.7% |
| Intangible fixed assets | 21 | €63,842 | €58,809 | -€5,033 | -7.9% |
| Tangible fixed assets | 22/27 | €496,982 | €475,098 | -€21,884 | -4.4% |
| Plant, machinery and equipment | 23 | €467,640 | €459,644 | -€7,996 | -1.7% |
| Furniture and vehicles | 24 | €29,341 | €15,454 | -€13,888 | -47.3% |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €767,130 | €926,746 | +€159,616 | +20.8% |
| Stocks and contracts in progress | 3 | €398,546 | €365,589 | -€32,957 | -8.3% |
| Stocks | 30/36 | €398,546 | €365,589 | -€32,957 | -8.3% |
| Amounts receivable within one year | 40/41 | €236,323 | €344,217 | +€107,893 | +45.7% |
| Trade receivables | 40 | €205,687 | €215,947 | +€10,261 | +5.0% |
| Other amounts receivable | 41 | €30,637 | €128,269 | +€97,633 | +318.7% |
| Cash at bank and in hand | 54/58 | €122,996 | €193,308 | +€70,312 | +57.2% |
| Deferred charges and accrued income | 490/1 | €9,264 | €23,633 | +€14,368 | +155.1% |
| Total equity and liabilities | 10/49 | €1,336,954 | €1,469,653 | +€132,700 | +9.9% |
| Equity | 10/15 | €129,353 | €130,097 | +€744 | +0.6% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,353 | €80,097 | +€744 | +0.9% |
| Amounts payable | 17/49 | €1,207,600 | €1,339,556 | +€131,956 | +10.9% |
| Amounts payable after more than one year | 17 | €298,135 | €325,090 | +€26,956 | +9.0% |
| Financial debts | 170/4 | €298,135 | €325,090 | +€26,956 | +9.0% |
| Amounts payable within one year | 42/48 | €908,986 | €995,439 | +€86,453 | +9.5% |
| Current portion of amounts payable after more than one year | 42 | €76,254 | €73,044 | -€3,210 | -4.2% |
| Financial debts | 43 | €84,865 | €81,688 | -€3,177 | -3.7% |
| Credit institutions | 430/8 | €84,865 | €81,688 | -€3,177 | -3.7% |
| Trade debts | 44 | €249,757 | €342,775 | +€93,018 | +37.2% |
| Suppliers | 440/4 | €249,757 | €342,775 | +€93,018 | +37.2% |
| Taxes, remuneration and social security | 45 | €184,326 | €136,226 | -€48,099 | -26.1% |
| Taxes | 450/3 | €57,540 | €35,272 | -€22,268 | -38.7% |
| Remuneration and social security | 454/9 | €126,786 | €100,955 | -€25,831 | -20.4% |
| Other amounts payable | 47/48 | €313,785 | €361,705 | +€47,920 | +15.3% |
| Accrued charges and deferred income | 492/3 | €479 | €19,027 | +€18,547 | +3869.0% |
| Remuneration, social security and pensions | 62 | €1,005,426 | €912,464 | -€92,962 | -9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,525 | €97,969 | +€10,444 | +11.9% |
| Other operating charges | 640/8 | €5,871 | €3,221 | -€2,650 | -45.1% |
| Gross operating margin | 9900 | €1,234,419 | €1,054,689 | -€179,730 | -14.6% |
| Operating profit (loss) | 9901 | €135,597 | €41,036 | -€94,562 | -69.7% |
| Financial income | 75/76B | €3,563 | €5,557 | +€1,994 | +56.0% |
| Recurring financial income | 75 | €3,563 | €5,557 | +€1,994 | +56.0% |
| Financial charges | 65/66B | €32,983 | €29,031 | -€3,952 | -12.0% |
| Recurring financial charges | 65 | €32,983 | €29,031 | -€3,952 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €106,177 | €17,561 | -€88,616 | -83.5% |
| Income taxes | 67/77 | €3,570 | €4,256 | +€686 | +19.2% |
| Profit (loss) for the period | 9904 | €102,607 | €13,305 | -€89,302 | -87.0% |
| Profit (loss) for the period to be appropriated | 9905 | €102,607 | €13,305 | -€89,302 | -87.0% |
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 6 October 2026 via checked.be.