WHIPACK: 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.
WHIPACK
Largest movements
- Receivables within one year +€314,391
up €314,391 (+1,543%), from €20,378 to €334,769
of which Other amounts receivable: +€314,302
- Tangible fixed assets -€139,676
down €139,676 (-5.5%), from €2.5m to €2.4m
of which Land and buildings: -€115,116
- Short-term financial debts +€138,883
up €138,883 (+92.6%), from €150,000 to €288,883
- Profit (loss) carried forward +€138,547
up €138,547, from -€136,305 to €2,242
- Other debts -€90,688
down €90,688 (-6.0%), from €1.5m to €1.4m
- Gross operating margin +€251,858
up €251,858 (+339%), from €74,268 to €326,126
- Financial charges -€52,964
down €52,964 (-56.6%), from €93,619 to €40,655
- Depreciation +€18,972
up €18,972 (+15.7%), from €120,704 to €139,676
- Other operating charges +€6,973
up €6,973 (+52.7%), from €13,230 to €20,203
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.
Derived cash bridge
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 | €3,573,818 | €3,717,437 | +€143,619 | +4.0% |
| Fixed assets | 21/28 | €2,718,689 | €2,579,014 | -€139,676 | -5.1% |
| Tangible fixed assets | 22/27 | €2,529,007 | €2,389,331 | -€139,676 | -5.5% |
| Land and buildings | 22 | €2,411,300 | €2,296,184 | -€115,116 | -4.8% |
| Furniture and vehicles | 24 | €117,707 | €93,147 | -€24,560 | -20.9% |
| Financial fixed assets | 28 | €189,683 | €189,683 | = | 0.0% |
| Current assets | 29/58 | €855,129 | €1,138,423 | +€283,294 | +33.1% |
| Amounts receivable after more than one year | 29 | €800,000 | €800,000 | = | 0.0% |
| Other amounts receivable | 291 | €800,000 | €800,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €20,378 | €334,769 | +€314,391 | +1,543% |
| Trade receivables | 40 | €2,580 | €2,670 | +€90 | +3.5% |
| Other amounts receivable | 41 | €17,798 | €332,099 | +€314,302 | +1,766% |
| Cash at bank and in hand | 54/58 | €34,751 | €3,654 | -€31,097 | -89.5% |
| Total equity and liabilities | 10/49 | €3,573,818 | €3,717,437 | +€143,619 | +4.0% |
| Equity | 10/15 | €1,605,443 | €1,733,548 | +€128,106 | +8.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,723,148 | €1,712,706 | -€10,441 | -0.6% |
| Tax-exempt reserves | 132 | €271,478 | €261,036 | -€10,441 | -3.8% |
| Distributable reserves | 133 | €1,451,670 | €1,451,670 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€136,305 | €2,242 | +€138,547 | |
| Provisions and deferred taxes | 16 | €90,493 | €87,012 | -€3,480 | -3.8% |
| Deferred taxes | 168 | €90,493 | €87,012 | -€3,480 | -3.8% |
| Amounts payable | 17/49 | €1,877,883 | €1,896,876 | +€18,993 | +1.0% |
| Amounts payable after more than one year | 17 | €79,851 | €53,500 | -€26,351 | -33.0% |
| Financial debts | 170/4 | €79,851 | €53,500 | -€26,351 | -33.0% |
| Amounts payable within one year | 42/48 | €1,798,032 | €1,843,376 | +€45,344 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €115,343 | €116,360 | +€1,017 | +0.9% |
| Financial debts | 43 | €150,000 | €288,883 | +€138,883 | +92.6% |
| Credit institutions | 430/8 | €150,000 | €288,883 | +€138,883 | +92.6% |
| Trade debts | 44 | €20,439 | €13,316 | -€7,123 | -34.9% |
| Suppliers | 440/4 | €20,439 | €13,316 | -€7,123 | -34.9% |
| Advances received on contracts in progress | 46 | €3,002 | €3,101 | +€99 | +3.3% |
| Taxes, remuneration and social security | 45 | €40 | €3,196 | +€3,156 | +7,824% |
| Taxes | 450/3 | €40 | €3,196 | +€3,156 | +7,824% |
| Other amounts payable | 47/48 | €1,509,208 | €1,418,520 | -€90,688 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,704 | €139,676 | +€18,972 | +15.7% |
| Other operating charges | 640/8 | €13,230 | €20,203 | +€6,973 | +52.7% |
| Gross operating margin | 9900 | €74,268 | €326,126 | +€251,858 | +339% |
| Operating profit (loss) | 9901 | -€59,667 | €166,246 | +€225,913 | |
| Financial charges | 65/66B | €93,619 | €40,655 | -€52,964 | -56.6% |
| Recurring financial charges | 65 | €93,619 | €40,655 | -€52,964 | -56.6% |
| Profit (loss) for the period before taxes | 9903 | -€153,286 | €125,591 | +€278,877 | |
| Transfer from deferred taxes | 780 | €3,480 | €3,480 | -€0 | 0.0% |
| Income taxes | 67/77 | €40 | €966 | +€925 | +2,294% |
| Profit (loss) for the period | 9904 | -€149,845 | €128,106 | +€277,951 | |
| Transfer from tax-exempt reserves | 789 | €10,441 | €10,441 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€139,404 | €138,547 | +€277,951 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.