Pack & Co: 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.
Pack & Co
Largest movements
- Receivables within one year +€305,818
up €305,818 (+65.1%), from €469,429 to €775,247
of which Trade receivables: +€278,857
- Stocks and contracts -€51,964
down €51,964 (-94.8%), from €54,814 to €2,850
- Tangible fixed assets -€23,811
down €23,811 (-38.2%), from €62,349 to €38,538
of which Furniture and vehicles: -€17,779
- Intangible fixed assets -€10,904
down €10,904 (-21.5%), from €50,796 to €39,893
- Trade debts +€657,735
up €657,735 (+312%), from €210,581 to €868,316
- Profit (loss) carried forward -€393,630
new in 2024: -€393,630
- Current portion of long-term debt -€46,259
down €46,259 (-23.5%), from €197,024 to €150,765
- Tax, wage and social debts +€23,744
up €23,744 (+39.5%), from €60,183 to €83,927
of which Remuneration and social security: +€37,927
- Debts after one year -€19,350
down €19,350 (-28.3%), from €68,460 to €49,110
- Gross operating margin -€511,733
down €511,733, from €394,038 to -€117,695
- Staff costs -€128,407
down €128,407 (-38.4%), from €334,584 to €206,177
- Financial charges +€14,593
up €14,593 (+88.3%), from €16,525 to €31,118
- Depreciation -€4,865
down €4,865 (-13.6%), from €35,677 to €30,812
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 | €731,308 | €949,087 | +€217,779 | +29.8% |
| Fixed assets | 21/28 | €179,825 | €153,495 | -€26,330 | -14.6% |
| Intangible fixed assets | 21 | €50,796 | €39,893 | -€10,904 | -21.5% |
| Tangible fixed assets | 22/27 | €62,349 | €38,538 | -€23,811 | -38.2% |
| Plant, machinery and equipment | 23 | €1,287 | €689 | -€598 | -46.4% |
| Furniture and vehicles | 24 | €33,375 | €15,596 | -€17,779 | -53.3% |
| Other tangible fixed assets | 26 | €27,687 | €22,253 | -€5,433 | -19.6% |
| Financial fixed assets | 28 | €66,680 | €75,064 | +€8,384 | +12.6% |
| Current assets | 29/58 | €551,483 | €795,592 | +€244,110 | +44.3% |
| Stocks and contracts in progress | 3 | €54,814 | €2,850 | -€51,964 | -94.8% |
| Stocks | 30/36 | €54,814 | €2,850 | -€51,964 | -94.8% |
| Amounts receivable within one year | 40/41 | €469,429 | €775,247 | +€305,818 | +65.1% |
| Trade receivables | 40 | €444,606 | €723,463 | +€278,857 | +62.7% |
| Other amounts receivable | 41 | €24,823 | €51,785 | +€26,961 | +109% |
| Cash at bank and in hand | 54/58 | €26,861 | €17,495 | -€9,366 | -34.9% |
| Deferred charges and accrued income | 490/1 | €378 | €0 | -€378 | -100% |
| Total equity and liabilities | 10/49 | €731,308 | €949,087 | +€217,779 | +29.8% |
| Equity | 10/15 | €115,555 | -€278,075 | -€393,630 | |
| Contributions | 10/11 | €16,500 | €16,500 | = | 0.0% |
| Reserves | 13 | €99,055 | €99,055 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €97,195 | €97,195 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€393,630 | -€393,630 | |
| Amounts payable | 17/49 | €615,753 | €1,227,162 | +€611,409 | +99.3% |
| Amounts payable after more than one year | 17 | €68,460 | €49,110 | -€19,350 | -28.3% |
| Financial debts | 170/4 | €68,460 | €49,110 | -€19,350 | -28.3% |
| Amounts payable within one year | 42/48 | €542,832 | €1,178,052 | +€635,220 | +117% |
| Current portion of amounts payable after more than one year | 42 | €197,024 | €150,765 | -€46,259 | -23.5% |
| Trade debts | 44 | €210,581 | €868,316 | +€657,735 | +312% |
| Suppliers | 440/4 | €210,581 | €868,316 | +€657,735 | +312% |
| Taxes, remuneration and social security | 45 | €60,183 | €83,927 | +€23,744 | +39.5% |
| Taxes | 450/3 | €31,175 | €16,992 | -€14,183 | -45.5% |
| Remuneration and social security | 454/9 | €29,009 | €66,935 | +€37,927 | +131% |
| Other amounts payable | 47/48 | €75,044 | €75,044 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €4,461 | €0 | -€4,461 | -100% |
| Remuneration, social security and pensions | 62 | €334,584 | €206,177 | -€128,407 | -38.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,677 | €30,812 | -€4,865 | -13.6% |
| Other operating charges | 640/8 | €4,590 | €2,351 | -€2,239 | -48.8% |
| Non-recurring operating charges | 66A | - | €5,504 | +€5,504 | |
| Gross operating margin | 9900 | €394,038 | -€117,695 | -€511,733 | |
| Operating profit (loss) | 9901 | €19,188 | -€362,539 | -€381,726 | |
| Financial income | 75/76B | €831 | €27 | -€804 | -96.7% |
| Recurring financial income | 75 | €831 | €27 | -€804 | -96.7% |
| Financial charges | 65/66B | €16,525 | €31,118 | +€14,593 | +88.3% |
| Recurring financial charges | 65 | €16,525 | €31,118 | +€14,593 | +88.3% |
| Profit (loss) for the period before taxes | 9903 | €3,493 | -€393,630 | -€397,123 | |
| Profit (loss) for the period | 9904 | €3,493 | -€393,630 | -€397,123 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,493 | -€393,630 | -€397,123 |
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 28 October 2026 via checked.be.