DE PAKMAN: 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.
DE PAKMAN
Largest movements
- Receivables within one year +€25,866
up €25,866 (+179.6%), from €14,403 to €40,269
of which Trade receivables: +€23,065
- Tangible fixed assets -€17,024
down €17,024 (-45.7%), from €37,212 to €20,188
of which Furniture and vehicles: -€11,990
- Stocks and contracts -€11,553
down €11,553 (-4.7%), from €248,102 to €236,548
- Cash -€5,337
down €5,337 (-83.2%), from €6,415 to €1,079
mainly Short-term financial debts (-€46,118) and Receivables within one year (-€25,866)
- Short-term financial debts -€46,118
down €46,118 (-53.7%), from €85,870 to €39,752
- Other debts +€28,575
up €28,575 (+131.6%), from €21,719 to €50,294
- Trade debts +€12,652
up €12,652 (+70.2%), from €18,017 to €30,669
- Tax, wage and social debts -€9,502
down €9,502 (-43.4%), from €21,874 to €12,372
of which Taxes: -€8,502
- Current portion of long-term debt +€5,408
up €5,408 (+30.5%), from €17,730 to €23,138
- Gross operating margin -€16,393
down €16,393 (-32.4%), from €50,644 to €34,251
- Depreciation -€6,510
down €6,510 (-27.1%), from €24,025 to €17,515
- Financial charges +€3,408
up €3,408 (+38.0%), from €8,958 to €12,367
- Taxes -€2,582
down €2,582 (-71.1%), from €3,630 to €1,049
- Staff costs -€1,772
no longer reported in 2025 (was €1,772)
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €311,169 | €303,122 | -€8,047 | -2.6% |
| Fixed assets | 21/28 | €42,249 | €25,226 | -€17,024 | -40.3% |
| Tangible fixed assets | 22/27 | €37,212 | €20,188 | -€17,024 | -45.7% |
| Land and buildings | 22 | €16,375 | €13,160 | -€3,216 | -19.6% |
| Plant, machinery and equipment | 23 | €3,852 | €2,033 | -€1,818 | -47.2% |
| Furniture and vehicles | 24 | €16,985 | €4,995 | -€11,990 | -70.6% |
| Financial fixed assets | 28 | €5,038 | €5,038 | = | 0.0% |
| Current assets | 29/58 | €268,920 | €277,896 | +€8,976 | +3.3% |
| Stocks and contracts in progress | 3 | €248,102 | €236,548 | -€11,553 | -4.7% |
| Stocks | 30/36 | €248,102 | €236,548 | -€11,553 | -4.7% |
| Amounts receivable within one year | 40/41 | €14,403 | €40,269 | +€25,866 | +179.6% |
| Trade receivables | 40 | €12,024 | €35,089 | +€23,065 | +191.8% |
| Other amounts receivable | 41 | €2,379 | €5,180 | +€2,801 | +117.7% |
| Cash at bank and in hand | 54/58 | €6,415 | €1,079 | -€5,337 | -83.2% |
| Total equity and liabilities | 10/49 | €311,169 | €303,122 | -€8,047 | -2.6% |
| Equity | 10/15 | €97,086 | €97,086 | = | 0.0% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Outside capital | 11 | €24,789 | - | -€24,789 | |
| Other | 1109/19 | €24,789 | - | -€24,789 | |
| Reserves | 13 | €68,568 | €68,568 | = | 0.0% |
| Distributable reserves | 133 | €68,568 | €68,568 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,729 | €3,729 | = | 0.0% |
| Amounts payable | 17/49 | €214,083 | €206,036 | -€8,047 | -3.8% |
| Amounts payable after more than one year | 17 | €48,871 | €49,809 | +€938 | +1.9% |
| Financial debts | 170/4 | €28,871 | €49,809 | +€20,938 | +72.5% |
| Advances received on contracts in progress | 176 | €20,000 | - | -€20,000 | |
| Amounts payable within one year | 42/48 | €165,212 | €156,226 | -€8,986 | -5.4% |
| Current portion of amounts payable after more than one year | 42 | €17,730 | €23,138 | +€5,408 | +30.5% |
| Financial debts | 43 | €85,870 | €39,752 | -€46,118 | -53.7% |
| Credit institutions | 430/8 | €85,870 | €39,752 | -€46,118 | -53.7% |
| Trade debts | 44 | €18,017 | €30,669 | +€12,652 | +70.2% |
| Suppliers | 440/4 | €18,017 | €30,669 | +€12,652 | +70.2% |
| Taxes, remuneration and social security | 45 | €21,874 | €12,372 | -€9,502 | -43.4% |
| Taxes | 450/3 | €8,502 | - | -€8,502 | |
| Remuneration and social security | 454/9 | €13,372 | €12,372 | -€1,000 | -7.5% |
| Other amounts payable | 47/48 | €21,719 | €50,294 | +€28,575 | +131.6% |
| Remuneration, social security and pensions | 62 | €1,772 | - | -€1,772 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,025 | €17,515 | -€6,510 | -27.1% |
| Other operating charges | 640/8 | €2,188 | €1,849 | -€339 | -15.5% |
| Gross operating margin | 9900 | €50,644 | €34,251 | -€16,393 | -32.4% |
| Operating profit (loss) | 9901 | €22,659 | €14,886 | -€7,773 | -34.3% |
| Financial income | 75/76B | €27 | €299 | +€272 | +1023.1% |
| Recurring financial income | 75 | €27 | €299 | +€272 | +1023.1% |
| Financial charges | 65/66B | €8,958 | €12,367 | +€3,408 | +38.0% |
| Recurring financial charges | 65 | €8,958 | €12,367 | +€3,408 | +38.0% |
| Profit (loss) for the period before taxes | 9903 | €13,728 | €2,819 | -€10,909 | -79.5% |
| Income taxes | 67/77 | €3,630 | €1,049 | -€2,582 | -71.1% |
| Profit (loss) for the period | 9904 | €10,097 | €1,770 | -€8,327 | -82.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,097 | €1,770 | -€8,327 | -82.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.