Verpakking Center: what changed
Verpakking Center
Largest movements
- Tangible fixed assets +€35,411
up €35,411 (+414%), from €8,563 to €43,973
of which Furniture and vehicles: +€32,746
- Cash +€30,839
up €30,839 (+103%), from €30,019 to €60,858
mainly Net result for the year (+€51,303) and Receivables within one year (+€15,171)
- Receivables within one year -€15,171
down €15,171 (-31.1%), from €48,732 to €33,561
of which Trade receivables: -€10,518
- Reserves +€37,555
up €37,555 (+19.6%), from €191,309 to €228,864
- Debts after one year +€12,242
up €12,242 (+403%), from €3,037 to €15,279
- Financial income +€11,243
up €11,243 (+1,246%), from €903 to €12,145
of which Non-recurring financial income: +€11,250
- Gross operating margin +€7,578
up €7,578 (+11.7%), from €64,708 to €72,286
- Taxes +€3,151
up €3,151 (+16.0%), from €19,706 to €22,857
- Depreciation +€2,270
up €2,270 (+45.2%), from €5,020 to €7,290
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €273,642 | €323,381 | +€49,740 | +18.2% |
| Fixed assets | 21/28 | €8,563 | €43,973 | +€35,411 | +414% |
| Tangible fixed assets | 22/27 | €8,563 | €43,973 | +€35,411 | +414% |
| Plant, machinery and equipment | 23 | €1,485 | €4,150 | +€2,665 | +179% |
| Furniture and vehicles | 24 | €7,078 | €39,824 | +€32,746 | +463% |
| Current assets | 29/58 | €265,079 | €279,408 | +€14,329 | +5.4% |
| Stocks and contracts in progress | 3 | €183,707 | €181,766 | -€1,941 | -1.1% |
| Stocks | 30/36 | €183,707 | €181,766 | -€1,941 | -1.1% |
| Amounts receivable within one year | 40/41 | €48,732 | €33,561 | -€15,171 | -31.1% |
| Trade receivables | 40 | €36,640 | €26,122 | -€10,518 | -28.7% |
| Other amounts receivable | 41 | €12,092 | €7,439 | -€4,653 | -38.5% |
| Cash at bank and in hand | 54/58 | €30,019 | €60,858 | +€30,839 | +103% |
| Deferred charges and accrued income | 490/1 | €2,621 | €3,223 | +€603 | +23.0% |
| Total equity and liabilities | 10/49 | €273,642 | €323,381 | +€49,740 | +18.2% |
| Equity | 10/15 | €209,909 | €247,464 | +€37,555 | +17.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €191,309 | €228,864 | +€37,555 | +19.6% |
| Distributable reserves | 133 | €191,309 | €228,864 | +€37,555 | +19.6% |
| Amounts payable | 17/49 | €63,733 | €75,917 | +€12,184 | +19.1% |
| Amounts payable after more than one year | 17 | €3,037 | €15,279 | +€12,242 | +403% |
| Financial debts | 170/4 | €3,037 | €15,279 | +€12,242 | +403% |
| Amounts payable within one year | 42/48 | €60,431 | €60,447 | +€16 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €4,014 | €6,828 | +€2,813 | +70.1% |
| Trade debts | 44 | €33,316 | €31,042 | -€2,273 | -6.8% |
| Suppliers | 440/4 | €33,316 | €31,042 | -€2,273 | -6.8% |
| Taxes, remuneration and social security | 45 | €19,230 | €17,725 | -€1,506 | -7.8% |
| Taxes | 450/3 | €19,230 | €17,725 | -€1,506 | -7.8% |
| Other amounts payable | 47/48 | €3,871 | €4,853 | +€982 | +25.4% |
| Accrued charges and deferred income | 492/3 | €265 | €191 | -€74 | -27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,020 | €7,290 | +€2,270 | +45.2% |
| Other operating charges | 640/8 | €1,945 | €1,775 | -€169 | -8.7% |
| Gross operating margin | 9900 | €64,708 | €72,286 | +€7,578 | +11.7% |
| Operating profit (loss) | 9901 | €57,743 | €63,221 | +€5,477 | +9.5% |
| Financial income | 75/76B | €903 | €12,145 | +€11,243 | +1,246% |
| Recurring financial income | 75 | €903 | €895 | -€7 | -0.8% |
| Non-recurring financial income | 76B | - | €11,250 | +€11,250 | |
| Financial charges | 65/66B | €1,589 | €1,205 | -€383 | -24.1% |
| Recurring financial charges | 65 | €1,589 | €1,205 | -€383 | -24.1% |
| Profit (loss) for the period before taxes | 9903 | €57,057 | €74,161 | +€17,104 | +30.0% |
| Income taxes | 67/77 | €19,706 | €22,857 | +€3,151 | +16.0% |
| Profit (loss) for the period | 9904 | €37,351 | €51,303 | +€13,952 | +37.4% |
| Profit (loss) for the period to be appropriated | 9905 | €37,351 | €51,303 | +€13,952 | +37.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.