PACKFORCE: what changed
PACKFORCE
Largest movements
- Receivables within one year +€86,818
up €86,818 (+1,578%), from €5,502 to €92,320
of which Trade receivables: +€86,484
- Cash -€4,625
down €4,625 (-81.8%), from €5,656 to €1,031
mainly Receivables within one year (-€86,818) and Deferred charges and accrued income (-€243)
- Tax, wage and social debts +€36,458
up €36,458 (+1,776%), from €2,052 to €38,510
of which Remuneration and social security: +€24,896
- Reserves +€21,803
up €21,803 (+2,345%), from €930 to €22,733
of which Distributable reserves: +€21,803
- Profit (loss) carried forward +€13,011
no longer reported in 2025 (was -€13,011)
- Trade debts +€11,230
up €11,230 (+800%), from €1,403 to €12,633
- Gross operating margin +€83,456
up €83,456 (+1,900%), from €4,392 to €87,848
- Staff costs +€38,753
new in 2025: €38,753
- Taxes +€13,614
new in 2025: €13,614
- Other operating charges -€9,234
down €9,234 (-94.7%), from €9,754 to €520
Change in the result, 31-12-2024 to 31-12-2025
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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 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 | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,158 | €93,594 | +€82,436 | +739% |
| Current assets | 29/58 | €11,158 | €93,594 | +€82,436 | +739% |
| Amounts receivable within one year | 40/41 | €5,502 | €92,320 | +€86,818 | +1,578% |
| Trade receivables | 40 | €5,502 | €91,986 | +€86,484 | +1,572% |
| Other amounts receivable | 41 | - | €334 | +€334 | |
| Cash at bank and in hand | 54/58 | €5,656 | €1,031 | -€4,625 | -81.8% |
| Deferred charges and accrued income | 490/1 | - | €243 | +€243 | |
| Total equity and liabilities | 10/49 | €11,158 | €93,594 | +€82,436 | +739% |
| Equity | 10/15 | €6,511 | €41,325 | +€34,814 | +535% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €930 | €22,733 | +€21,803 | +2,345% |
| Non-distributable reserves | 130/1 | €930 | €930 | = | 0.0% |
| Reserves not available under the articles | 1311 | €930 | €930 | = | 0.0% |
| Distributable reserves | 133 | - | €21,803 | +€21,803 | |
| Profit (loss) carried forward | 14 | -€13,011 | - | +€13,011 | |
| Amounts payable | 17/49 | €4,647 | €52,269 | +€47,622 | +1,025% |
| Amounts payable within one year | 42/48 | €4,647 | €52,269 | +€47,622 | +1,025% |
| Trade debts | 44 | €1,403 | €12,633 | +€11,230 | +800% |
| Suppliers | 440/4 | €1,403 | €12,633 | +€11,230 | +800% |
| Taxes, remuneration and social security | 45 | €2,052 | €38,510 | +€36,458 | +1,776% |
| Taxes | 450/3 | €2,052 | €13,614 | +€11,562 | +563% |
| Remuneration and social security | 454/9 | - | €24,896 | +€24,896 | |
| Other amounts payable | 47/48 | €1,191 | €1,126 | -€65 | -5.5% |
| Remuneration, social security and pensions | 62 | - | €38,753 | +€38,753 | |
| Other operating charges | 640/8 | €9,754 | €520 | -€9,234 | -94.7% |
| Gross operating margin | 9900 | €4,392 | €87,848 | +€83,456 | +1,900% |
| Operating profit (loss) | 9901 | -€5,362 | €48,575 | +€53,937 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €87 | €147 | +€60 | +68.8% |
| Recurring financial charges | 65 | €87 | €147 | +€60 | +68.8% |
| Profit (loss) for the period before taxes | 9903 | -€5,449 | €48,428 | +€53,877 | |
| Income taxes | 67/77 | - | €13,614 | +€13,614 | |
| Profit (loss) for the period | 9904 | -€5,449 | €34,814 | +€40,263 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,449 | €34,814 | +€40,263 |
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 4 November 2026 via checked.be.