BIJ PACO: 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.
BIJ PACO
Largest movements
- Tangible fixed assets -€8,653
down €8,653 (-19.4%), from €44,517 to €35,864
of which Plant, machinery and equipment: -€5,022
- Cash -€2,243
down €2,243 (-21.5%), from €10,420 to €8,176
mainly Debts after one year (-€11,032) and Tax, wage and social debts (-€1,876)
- Receivables within one year +€1,350
new in 2025: €1,350
- Stocks and contracts -€702
down €702 (-26.2%), from €2,677 to €1,976
- Debts after one year -€11,032
down €11,032 (-72.6%), from €15,204 to €4,171
- Profit (loss) carried forward +€3,153
up €3,153 (+61.4%), from -€5,138 to -€1,985
- Tax, wage and social debts -€1,876
down €1,876 (-49.8%), from €3,768 to €1,892
of which Taxes: -€2,748
- Other debts -€1,259
down €1,259 (-19.1%), from €6,591 to €5,332
- Accrued charges and deferred income +€749
new in 2025: €749
- Gross operating margin +€15,544
up €15,544 (+115%), from €13,538 to €29,082
- Staff costs +€11,021
up €11,021 (+11,865%), from €93 to €11,113
- Depreciation +€918
up €918 (+11.9%), from €7,735 to €8,653
- Financial charges -€749
down €749 (-13.2%), from €5,658 to €4,909
- Taxes +€422
up €422 (+193%), from €218 to €641
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 | €57,800 | €47,552 | -€10,248 | -17.7% |
| Fixed assets | 21/28 | €44,703 | €36,050 | -€8,653 | -19.4% |
| Tangible fixed assets | 22/27 | €44,517 | €35,864 | -€8,653 | -19.4% |
| Plant, machinery and equipment | 23 | €21,498 | €16,476 | -€5,022 | -23.4% |
| Furniture and vehicles | 24 | €629 | €320 | -€309 | -49.1% |
| Leasing and similar rights | 25 | €17,505 | €15,190 | -€2,315 | -13.2% |
| Other tangible fixed assets | 26 | €4,885 | €3,877 | -€1,008 | -20.6% |
| Financial fixed assets | 28 | €186 | €186 | = | 0.0% |
| Current assets | 29/58 | €13,097 | €11,502 | -€1,595 | -12.2% |
| Stocks and contracts in progress | 3 | €2,677 | €1,976 | -€702 | -26.2% |
| Stocks | 30/36 | €2,677 | €1,976 | -€702 | -26.2% |
| Amounts receivable within one year | 40/41 | - | €1,350 | +€1,350 | |
| Other amounts receivable | 41 | - | €1,350 | +€1,350 | |
| Cash at bank and in hand | 54/58 | €10,420 | €8,176 | -€2,243 | -21.5% |
| Total equity and liabilities | 10/49 | €57,800 | €47,552 | -€10,248 | -17.7% |
| Equity | 10/15 | €7,362 | €10,515 | +€3,153 | +42.8% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,138 | -€1,985 | +€3,153 | +61.4% |
| Amounts payable | 17/49 | €50,439 | €37,037 | -€13,401 | -26.6% |
| Amounts payable after more than one year | 17 | €15,204 | €4,171 | -€11,032 | -72.6% |
| Financial debts | 170/4 | €15,204 | €4,171 | -€11,032 | -72.6% |
| Amounts payable within one year | 42/48 | €35,235 | €32,116 | -€3,118 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | €11,680 | €11,032 | -€648 | -5.5% |
| Trade debts | 44 | €13,196 | €13,860 | +€664 | +5.0% |
| Suppliers | 440/4 | €13,196 | €13,860 | +€664 | +5.0% |
| Taxes, remuneration and social security | 45 | €3,768 | €1,892 | -€1,876 | -49.8% |
| Taxes | 450/3 | €3,768 | €1,020 | -€2,748 | -72.9% |
| Remuneration and social security | 454/9 | - | €872 | +€872 | |
| Other amounts payable | 47/48 | €6,591 | €5,332 | -€1,259 | -19.1% |
| Accrued charges and deferred income | 492/3 | - | €749 | +€749 | |
| Non-recurring operating income | 76A | €12,073 | - | -€12,073 | |
| Remuneration, social security and pensions | 62 | €93 | €11,113 | +€11,021 | +11,865% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,735 | €8,653 | +€918 | +11.9% |
| Other operating charges | 640/8 | €209 | €613 | +€405 | +194% |
| Gross operating margin | 9900 | €13,538 | €29,082 | +€15,544 | +115% |
| Operating profit (loss) | 9901 | €5,502 | €8,703 | +€3,201 | +58.2% |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Financial charges | 65/66B | €5,658 | €4,909 | -€749 | -13.2% |
| Recurring financial charges | 65 | €5,658 | €4,909 | -€749 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | -€148 | €3,794 | +€3,942 | |
| Income taxes | 67/77 | €218 | €641 | +€422 | +193% |
| Profit (loss) for the period | 9904 | -€366 | €3,153 | +€3,519 | |
| Profit (loss) for the period to be appropriated | 9905 | -€366 | €3,153 | +€3,519 |
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 18 October 2026 via checked.be.