CON - PAC: what changed
Two fiscal 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.
What changed
CON - PAC
NACE 82.920, Office administrative, office support and other business support activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€149,169
2024 · -€1,816+€150,986
Equity
€1.0m
2024 · €1.4m-€350,831
Cash
€1.9m
2024 · €639,556+€1.3m
Balance sheet total
€5.7m
2024 · €6.0m-€315,557
Largest movements
Assets
- Receivables within one year -€1.5m
down €1.5m (-29.5%), from €5.0m to €3.5m
of which Trade receivables: -€1.8m
- Cash +€1.3m
up €1.3m (+204.1%), from €639,556 to €1.9m
mainly Receivables within one year (+€1.5m) and Tax, wage and social debts (+€195,613)
- Current investments -€91,669
no longer reported in 2025 (was €91,669)
Equity and liabilities
- Reserves -€350,831
down €350,831 (-29.1%), from €1.2m to €855,144
of which Distributable reserves: -€350,831
- Tax, wage and social debts +€195,613
up €195,613 (+53.3%), from €366,999 to €562,612
of which Remuneration and social security: +€229,312
- Trade debts -€170,883
down €170,883 (-4.6%), from €3.7m to €3.6m
Income statement
- Goods and materials -€184,400
down €184,400 (-2.2%), from €8.2m to €8.0m
of which Purchases: -€161,490
- Turnover +€159,111
up €159,111 (+1.2%), from €13.0m to €13.1m
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.
Result 2024
-€1,816
Turnover
+€159,111
Other operating income
-€35,681
Goods and materials
+€184,400
Services and other goods
-€79,601
Staff costs
-€28,011
Depreciation
-€2,743
Other operating charges
-€437
Financial income
+€1,338
Financial charges
+€990
Taxes
-€48,380
Result 2025
€149,169
Cash bridge derived
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.
From operations
+€1.8m
Investment
+€84,469
Financing
-€533,809
Cash 2024
€639,556
From operations (derived)
+€1.8m
Net result for the year
+€149,169
Depreciation
+€7,890
Stocks and contracts
+€43,694
Receivables within one year
+€1.5m
Deferred charges and accrued income
+€12,041
Trade debts
-€170,883
Tax, wage and social debts
+€195,613
Other debts
+€32,544
Accrued charges and deferred income
+€11,809
Investment (derived)
+€84,469
Investment in fixed assets (net)
-€7,200
Current investments
+€91,669
Financing
-€533,809
Current portion of long-term debt
-€33,809
Contributions, distributions and other
-€500,000
Cash 2025
€1.9m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,974,113 | €5,658,556 | -€315,557 | -5.3% |
| Fixed assets | 21/28 | €21,135 | €20,445 | -€690 | -3.3% |
| Tangible fixed assets | 22/27 | €21,135 | €20,445 | -€690 | -3.3% |
| Plant, machinery and equipment | 23 | €15,279 | €15,807 | +€529 | +3.5% |
| Other tangible fixed assets | 26 | €5,857 | €4,638 | -€1,219 | -20.8% |
| Current assets | 29/58 | €5,952,978 | €5,638,111 | -€314,867 | -5.3% |
| Stocks and contracts in progress | 3 | €178,793 | €135,099 | -€43,694 | -24.4% |
| Stocks | 30/36 | €178,793 | €135,099 | -€43,694 | -24.4% |
| Goods purchased for resale | 34 | €178,793 | €135,099 | -€43,694 | -24.4% |
| Amounts receivable within one year | 40/41 | €4,998,276 | €3,525,255 | -€1.5m | -29.5% |
| Trade receivables | 40 | €4,918,977 | €3,147,378 | -€1.8m | -36.0% |
| Other amounts receivable | 41 | €79,299 | €377,876 | +€298,577 | +376.5% |
| Current investments | 50/53 | €91,669 | - | -€91,669 | |
| Other investments | 51/53 | €91,669 | - | -€91,669 | |
| Cash at bank and in hand | 54/58 | €639,556 | €1,945,114 | +€1.3m | +204.1% |
| Deferred charges and accrued income | 490/1 | €44,684 | €32,643 | -€12,041 | -26.9% |
| Total equity and liabilities | 10/49 | €5,974,113 | €5,658,556 | -€315,557 | -5.3% |
| Equity | 10/15 | €1,355,974 | €1,005,144 | -€350,831 | -25.9% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €1,205,974 | €855,144 | -€350,831 | -29.1% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €1,190,974 | €840,144 | -€350,831 | -29.5% |
| Amounts payable | 17/49 | €4,618,139 | €4,653,412 | +€35,274 | +0.8% |
| Amounts payable within one year | 42/48 | €4,609,316 | €4,632,781 | +€23,465 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €33,809 | - | -€33,809 | |
| Trade debts | 44 | €3,741,052 | €3,570,169 | -€170,883 | -4.6% |
| Suppliers | 440/4 | €3,741,052 | €3,570,169 | -€170,883 | -4.6% |
| Taxes, remuneration and social security | 45 | €366,999 | €562,612 | +€195,613 | +53.3% |
| Taxes | 450/3 | €91,735 | €58,036 | -€33,699 | -36.7% |
| Remuneration and social security | 454/9 | €275,263 | €504,576 | +€229,312 | +83.3% |
| Other amounts payable | 47/48 | €467,456 | €500,000 | +€32,544 | +7.0% |
| Accrued charges and deferred income | 492/3 | €8,823 | €20,632 | +€11,809 | +133.8% |
| Operating income | 70/76A | €13,265,605 | €13,389,035 | +€123,430 | +0.9% |
| Turnover | 70 | €12,983,196 | €13,142,307 | +€159,111 | +1.2% |
| Other operating income | 74 | €282,409 | €246,728 | -€35,681 | -12.6% |
| Operating charges | 60/66A | €13,247,669 | €13,174,062 | -€73,607 | -0.6% |
| Goods for resale, raw materials and consumables | 60 | €8,197,760 | €8,013,360 | -€184,400 | -2.2% |
| Purchases | 600/8 | €8,131,156 | €7,969,666 | -€161,490 | -2.0% |
| Change in stocks: decrease (increase) | 609 | €66,604 | €43,694 | -€22,910 | -34.4% |
| Services and other goods | 61 | €1,792,812 | €1,872,413 | +€79,601 | +4.4% |
| Remuneration, social security and pensions | 62 | €3,250,445 | €3,278,456 | +€28,011 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,147 | €7,890 | +€2,743 | +53.3% |
| Other operating charges | 640/8 | €1,506 | €1,943 | +€437 | +29.0% |
| Operating profit (loss) | 9901 | €17,936 | €214,973 | +€197,038 | +1098.6% |
| Financial income | 75/76B | €3,571 | €4,908 | +€1,338 | +37.5% |
| Recurring financial income | 75 | €3,571 | €4,908 | +€1,338 | +37.5% |
| Income from financial fixed assets | 750 | €0 | - | = | |
| Income from current assets | 751 | €3,571 | €4,908 | +€1,338 | +37.5% |
| Other financial income | 752/9 | €0 | - | = | |
| Financial charges | 65/66B | €2,732 | €1,742 | -€990 | -36.2% |
| Recurring financial charges | 65 | €2,732 | €1,742 | -€990 | -36.2% |
| Debt charges | 650 | €2,357 | €1,324 | -€1,034 | -43.9% |
| Other financial charges | 652/9 | €374 | €418 | +€44 | +11.7% |
| Profit (loss) for the period before taxes | 9903 | €18,774 | €218,140 | +€199,366 | +1061.9% |
| Income taxes | 67/77 | €20,591 | €68,970 | +€48,380 | +235.0% |
| Taxes | 670/3 | €20,591 | €68,970 | +€48,380 | +235.0% |
| Profit (loss) for the period | 9904 | -€1,816 | €149,169 | +€150,986 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,816 | €149,169 | +€150,986 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.