VERPAKKINGEN G.D.: what changed
What changed
VERPAKKINGEN G.D.
NACE 82.920, Office administrative, office support and other business support activities
filed annual accounts (NBB)
Net result for the year
€39,512
2024 · €48,761-€9,249
Equity
€381,696
2024 · €342,184+€39,512
Cash
€234,207
2024 · €311,640-€77,433
Balance sheet total
€843,603
2024 · €957,217-€113,613
Largest movements
Assets
- Cash -€77,433
down €77,433 (-24.8%), from €311,640 to €234,207
mainly Trade debts (-€123,152) and Investment in fixed assets (net) (-€68,253)
- Receivables within one year -€67,999
down €67,999 (-30.3%), from €224,573 to €156,574
of which Trade receivables: -€63,938
- Tangible fixed assets +€26,742
up €26,742 (+19.8%), from €135,241 to €161,984
of which Furniture and vehicles: +€35,258
Equity and liabilities
- Trade debts -€123,152
down €123,152 (-38.5%), from €319,974 to €196,823
- Reserves +€39,512
up €39,512 (+23.6%), from €167,133 to €206,645
of which Distributable reserves: +€41,371
- Accrued charges and deferred income -€27,908
down €27,908 (-49.4%), from €56,442 to €28,534
- Debts after one year +€16,278
up €16,278 (+32.2%), from €50,630 to €66,907
Income statement
- Other operating charges +€16,556
up €16,556 (+181%), from €9,124 to €25,680
- Financial charges -€6,935
down €6,935 (-43.8%), from €15,847 to €8,912
- Taxes -€5,994
down €5,994 (-24.4%), from €24,562 to €18,568
- Staff costs +€5,896
up €5,896 (+1.7%), from €347,413 to €353,309
- Depreciation -€4,926
down €4,926 (-10.6%), from €46,437 to €41,511
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.
Result 2024
€48,761
Gross operating margin
-€2,253
Staff costs
-€5,896
Depreciation
+€4,926
Write-downs
-€2,080
Other operating charges
-€16,556
Financial income
-€318
Financial charges
+€6,935
Taxes
+€5,994
Result 2025
€39,512
raises the resultlowers the result
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.
From operations
-€18,980
Investment
-€68,253
Financing
+€9,799
Cash 2024
€311,640
From operations (derived)
-€18,980
Net result for the year
+€39,512
Depreciation
+€41,511
Stocks and contracts
-€7,405
Receivables within one year
+€67,999
Deferred charges and accrued income
+€2,328
Trade debts
-€123,152
Tax, wage and social debts
-€8,097
Other debts
-€3,767
Accrued charges and deferred income
-€27,908
Investment (derived)
-€68,253
Investment in fixed assets (net)
-€68,253
Financing
+€9,799
Debts after one year
+€16,278
Current portion of long-term debt
-€6,479
Cash 2025
€234,207
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €957,217 | €843,603 | -€113,613 | -11.9% |
| Fixed assets | 21/28 | €135,281 | €162,023 | +€26,742 | +19.8% |
| Tangible fixed assets | 22/27 | €135,241 | €161,984 | +€26,742 | +19.8% |
| Plant, machinery and equipment | 23 | €11,679 | €8,787 | -€2,892 | -24.8% |
| Furniture and vehicles | 24 | €85,885 | €121,143 | +€35,258 | +41.1% |
| Other tangible fixed assets | 26 | €37,677 | €32,053 | -€5,624 | -14.9% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €821,936 | €681,580 | -€140,356 | -17.1% |
| Stocks and contracts in progress | 3 | €267,857 | €275,262 | +€7,405 | +2.8% |
| Stocks | 30/36 | €267,857 | €275,262 | +€7,405 | +2.8% |
| Amounts receivable within one year | 40/41 | €224,573 | €156,574 | -€67,999 | -30.3% |
| Trade receivables | 40 | €179,019 | €115,081 | -€63,938 | -35.7% |
| Other amounts receivable | 41 | €45,554 | €41,493 | -€4,061 | -8.9% |
| Cash at bank and in hand | 54/58 | €311,640 | €234,207 | -€77,433 | -24.8% |
| Deferred charges and accrued income | 490/1 | €17,865 | €15,537 | -€2,328 | -13.0% |
| Total equity and liabilities | 10/49 | €957,217 | €843,603 | -€113,613 | -11.9% |
| Equity | 10/15 | €342,184 | €381,696 | +€39,512 | +11.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €167,133 | €206,645 | +€39,512 | +23.6% |
| Non-distributable reserves | 130/1 | €1,859 | €0 | -€1,859 | -100% |
| Reserves not available under the articles | 1311 | €1,859 | €0 | -€1,859 | -100% |
| Distributable reserves | 133 | €165,274 | €206,645 | +€41,371 | +25.0% |
| Profit (loss) carried forward | 14 | €75,050 | €75,050 | = | 0.0% |
| Amounts payable | 17/49 | €615,033 | €461,907 | -€153,125 | -24.9% |
| Amounts payable after more than one year | 17 | €50,630 | €66,907 | +€16,278 | +32.2% |
| Financial debts | 170/4 | €50,630 | €66,907 | +€16,278 | +32.2% |
| Amounts payable within one year | 42/48 | €507,961 | €366,466 | -€141,495 | -27.9% |
| Current portion of amounts payable after more than one year | 42 | €75,449 | €68,971 | -€6,479 | -8.6% |
| Trade debts | 44 | €319,974 | €196,823 | -€123,152 | -38.5% |
| Suppliers | 440/4 | €319,974 | €196,823 | -€123,152 | -38.5% |
| Taxes, remuneration and social security | 45 | €73,057 | €64,959 | -€8,097 | -11.1% |
| Taxes | 450/3 | €13,854 | €11,366 | -€2,488 | -18.0% |
| Remuneration and social security | 454/9 | €59,202 | €53,593 | -€5,609 | -9.5% |
| Other amounts payable | 47/48 | €39,481 | €35,714 | -€3,767 | -9.5% |
| Accrued charges and deferred income | 492/3 | €56,442 | €28,534 | -€27,908 | -49.4% |
| Non-recurring operating income | 76A | - | €3,394 | +€3,394 | |
| Remuneration, social security and pensions | 62 | €347,413 | €353,309 | +€5,896 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,437 | €41,511 | -€4,926 | -10.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,080 | €0 | +€2,080 | |
| Other operating charges | 640/8 | €9,124 | €25,680 | +€16,556 | +181% |
| Gross operating margin | 9900 | €470,797 | €468,543 | -€2,253 | -0.5% |
| Operating profit (loss) | 9901 | €69,903 | €48,044 | -€21,859 | -31.3% |
| Financial income | 75/76B | €19,267 | €18,948 | -€318 | -1.7% |
| Recurring financial income | 75 | €19,267 | €18,948 | -€318 | -1.7% |
| Financial charges | 65/66B | €15,847 | €8,912 | -€6,935 | -43.8% |
| Recurring financial charges | 65 | €15,847 | €8,912 | -€6,935 | -43.8% |
| Profit (loss) for the period before taxes | 9903 | €73,323 | €58,080 | -€15,243 | -20.8% |
| Income taxes | 67/77 | €24,562 | €18,568 | -€5,994 | -24.4% |
| Profit (loss) for the period | 9904 | €48,761 | €39,512 | -€9,249 | -19.0% |
| Profit (loss) for the period to be appropriated | 9905 | €48,761 | €39,512 | -€9,249 | -19.0% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.