WORLD PACK BRUSSELS: 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.
WORLD PACK BRUSSELS
Largest movements
- Receivables within one year -€590,134
down €590,134 (-77.4%), from €762,636 to €172,502
of which Trade receivables: -€565,833
- Stocks and contracts -€455,147
down €455,147 (-65.3%), from €696,512 to €241,365
- Deferred charges and accrued income +€415,961
up €415,961 (+3,823%), from €10,881 to €426,842
- Cash -€28,992
down €28,992 (-64.0%), from €45,315 to €16,322
mainly Net result for the year (-€780,809) and Deferred charges and accrued income (-€415,961)
- Profit (loss) carried forward -€780,809
down €780,809 (-129%), from -€607,189 to -€1.4m
- Other debts +€210,920
new in 2024: €210,920
- Trade debts -€58,977
down €58,977 (-17.1%), from €344,030 to €285,053
- Accrued charges and deferred income -€22,003
down €22,003 (-29.8%), from €73,748 to €51,745
- Tax, wage and social debts -€20,970
down €20,970 (-11.4%), from €183,818 to €162,848
of which Remuneration and social security: -€24,286
- Gross operating margin -€1.1m
down €1.1m, from €902,227 to -€171,315
- Staff costs -€302,026
down €302,026 (-39.5%), from €765,393 to €463,368
- Write-downs +€45,749
up €45,749 (+1,595%), from €2,869 to €48,618
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,590,770 | €918,931 | -€671,839 | -42.2% |
| Fixed assets | 21/28 | €75,426 | €61,900 | -€13,527 | -17.9% |
| Tangible fixed assets | 22/27 | €74,946 | €61,219 | -€13,727 | -18.3% |
| Plant, machinery and equipment | 23 | €73,829 | €61,219 | -€12,610 | -17.1% |
| Furniture and vehicles | 24 | €1,116 | €0 | -€1,116 | -100% |
| Financial fixed assets | 28 | €481 | €681 | +€200 | +41.6% |
| Current assets | 29/58 | €1,515,344 | €857,031 | -€658,312 | -43.4% |
| Stocks and contracts in progress | 3 | €696,512 | €241,365 | -€455,147 | -65.3% |
| Stocks | 30/36 | €696,512 | €241,365 | -€455,147 | -65.3% |
| Amounts receivable within one year | 40/41 | €762,636 | €172,502 | -€590,134 | -77.4% |
| Trade receivables | 40 | €738,301 | €172,468 | -€565,833 | -76.6% |
| Other amounts receivable | 41 | €24,335 | €34 | -€24,301 | -99.9% |
| Cash at bank and in hand | 54/58 | €45,315 | €16,322 | -€28,992 | -64.0% |
| Deferred charges and accrued income | 490/1 | €10,881 | €426,842 | +€415,961 | +3,823% |
| Total equity and liabilities | 10/49 | €1,590,770 | €918,931 | -€671,839 | -42.2% |
| Equity | 10/15 | -€261,326 | -€1,042,136 | -€780,809 | -299% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Capital | 10 | €99,157 | €99,157 | = | 0.0% |
| Issued capital | 100 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €246,705 | €246,705 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,916 | €9,916 | = | 0.0% |
| Legal reserve | 130 | €9,916 | €9,916 | = | 0.0% |
| Distributable reserves | 133 | €236,789 | €236,789 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€607,189 | -€1,387,998 | -€780,809 | -129% |
| Amounts payable | 17/49 | €1,852,096 | €1,961,066 | +€108,970 | +5.9% |
| Amounts payable after more than one year | 17 | €1,250,500 | €1,250,500 | = | 0.0% |
| Financial debts | 170/4 | €1,250,000 | €1,250,000 | = | 0.0% |
| Other amounts payable | 178/9 | €500 | €500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €527,848 | €658,822 | +€130,974 | +24.8% |
| Trade debts | 44 | €344,030 | €285,053 | -€58,977 | -17.1% |
| Suppliers | 440/4 | €344,030 | €285,053 | -€58,977 | -17.1% |
| Taxes, remuneration and social security | 45 | €183,818 | €162,848 | -€20,970 | -11.4% |
| Taxes | 450/3 | €53,293 | €56,609 | +€3,316 | +6.2% |
| Remuneration and social security | 454/9 | €130,525 | €106,239 | -€24,286 | -18.6% |
| Other amounts payable | 47/48 | - | €210,920 | +€210,920 | |
| Accrued charges and deferred income | 492/3 | €73,748 | €51,745 | -€22,003 | -29.8% |
| Non-recurring operating income | 76A | €916 | €339 | -€577 | -63.0% |
| Remuneration, social security and pensions | 62 | €765,393 | €463,368 | -€302,026 | -39.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,886 | €13,493 | -€393 | -2.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,869 | €48,618 | +€45,749 | +1,595% |
| Other operating charges | 640/8 | €38,224 | €33,432 | -€4,793 | -12.5% |
| Gross operating margin | 9900 | €902,227 | -€171,315 | -€1.1m | |
| Operating profit (loss) | 9901 | €81,855 | -€730,225 | -€812,079 | |
| Financial income | 75/76B | €1,959 | €55 | -€1,904 | -97.2% |
| Recurring financial income | 75 | €1,959 | €55 | -€1,904 | -97.2% |
| Financial charges | 65/66B | €58,972 | €50,640 | -€8,333 | -14.1% |
| Recurring financial charges | 65 | €58,972 | €50,640 | -€8,333 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €24,842 | -€780,809 | -€805,651 | |
| Income taxes | 67/77 | €916 | - | -€916 | |
| Profit (loss) for the period | 9904 | €23,925 | -€780,809 | -€804,735 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,925 | -€780,809 | -€804,735 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.