BALPACK: 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.
BALPACK
Largest movements
- Receivables within one year +€23,000
up €23,000 (+48.2%), from €47,758 to €70,759
of which Trade receivables: +€23,059
- Stocks and contracts -€20,286
down €20,286 (-15.3%), from €132,866 to €112,580
- Profit (loss) carried forward +€4,743
up €4,743 (+30.1%), from €15,783 to €20,527
- Other debts -€4,640
down €4,640 (-4.6%), from €101,770 to €97,130
- Gross operating margin -€2,134
down €2,134 (-16.4%), from €13,038 to €10,904
- Financial charges -€930
down €930 (-70.7%), from €1,314 to €385
- Taxes +€579
up €579 (+20.0%), from €2,888 to €3,467
- Other operating charges -€534
down €534 (-37.8%), from €1,414 to €880
- Depreciation +€163
up €163 (+12.8%), from €1,268 to €1,431
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 | €186,523 | €186,446 | -€77 | 0.0% |
| Fixed assets | 21/28 | €3,954 | €2,523 | -€1,431 | -36.2% |
| Tangible fixed assets | 22/27 | €3,954 | €2,523 | -€1,431 | -36.2% |
| Furniture and vehicles | 24 | €3,954 | €2,523 | -€1,431 | -36.2% |
| Current assets | 29/58 | €182,569 | €183,923 | +€1,354 | +0.7% |
| Stocks and contracts in progress | 3 | €132,866 | €112,580 | -€20,286 | -15.3% |
| Stocks | 30/36 | €132,866 | €112,580 | -€20,286 | -15.3% |
| Amounts receivable within one year | 40/41 | €47,758 | €70,759 | +€23,000 | +48.2% |
| Trade receivables | 40 | €47,700 | €70,759 | +€23,059 | +48.3% |
| Other amounts receivable | 41 | €58 | - | -€58 | |
| Cash at bank and in hand | 54/58 | €1,945 | €584 | -€1,361 | -70.0% |
| Total equity and liabilities | 10/49 | €186,523 | €186,446 | -€77 | 0.0% |
| Equity | 10/15 | €21,983 | €26,727 | +€4,743 | +21.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,783 | €20,527 | +€4,743 | +30.1% |
| Amounts payable | 17/49 | €164,540 | €159,720 | -€4,820 | -2.9% |
| Amounts payable within one year | 42/48 | €164,540 | €159,720 | -€4,820 | -2.9% |
| Trade debts | 44 | €33,226 | €32,931 | -€295 | -0.9% |
| Suppliers | 440/4 | €33,226 | €32,931 | -€295 | -0.9% |
| Advances received on contracts in progress | 46 | €11,000 | €11,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €18,543 | €18,658 | +€115 | +0.6% |
| Taxes | 450/3 | €18,543 | €18,658 | +€115 | +0.6% |
| Other amounts payable | 47/48 | €101,770 | €97,130 | -€4,640 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,268 | €1,431 | +€163 | +12.8% |
| Other operating charges | 640/8 | €1,414 | €880 | -€534 | -37.8% |
| Gross operating margin | 9900 | €13,038 | €10,904 | -€2,134 | -16.4% |
| Operating profit (loss) | 9901 | €10,355 | €8,593 | -€1,762 | -17.0% |
| Financial income | 75/76B | €143 | €2 | -€142 | -98.7% |
| Recurring financial income | 75 | €143 | €2 | -€142 | -98.7% |
| Financial charges | 65/66B | €1,314 | €385 | -€930 | -70.7% |
| Recurring financial charges | 65 | €1,314 | €385 | -€930 | -70.7% |
| Profit (loss) for the period before taxes | 9903 | €9,185 | €8,210 | -€974 | -10.6% |
| Income taxes | 67/77 | €2,888 | €3,467 | +€579 | +20.0% |
| Profit (loss) for the period | 9904 | €6,297 | €4,743 | -€1,553 | -24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,297 | €4,743 | -€1,553 | -24.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.