El 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.
El Paco
Largest movements
- Cash -€41,755
down €41,755 (-15.7%), from €266,122 to €224,367
mainly Debts after one year (-€28,350) and Other debts (-€24,046)
- Tangible fixed assets -€14,239
down €14,239 (-5.6%), from €254,274 to €240,035
of which Land and buildings: -€14,963
- Deferred charges and accrued income +€6,389
new in 2025: €6,389
- Debts after one year -€28,350
down €28,350 (-60.0%), from €47,250 to €18,900
- Other debts -€24,046
down €24,046 (-83.7%), from €28,727 to €4,681
- Reserves +€19,292
up €19,292 (+5.9%), from €327,667 to €346,960
of which Distributable reserves: +€19,292
- Tax, wage and social debts -€6,179
down €6,179 (-8.6%), from €71,923 to €65,745
of which Taxes: -€19,394
- Gross operating margin -€69,402
down €69,402 (-15.3%), from €453,687 to €384,285
- Staff costs -€16,180
down €16,180 (-4.6%), from €348,099 to €331,919
- Taxes -€14,829
down €14,829 (-62.4%), from €23,768 to €8,939
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 | €531,982 | €491,763 | -€40,219 | -7.6% |
| Fixed assets | 21/28 | €254,274 | €240,035 | -€14,239 | -5.6% |
| Tangible fixed assets | 22/27 | €254,274 | €240,035 | -€14,239 | -5.6% |
| Land and buildings | 22 | €244,619 | €229,657 | -€14,963 | -6.1% |
| Plant, machinery and equipment | 23 | €2,057 | €4,290 | +€2,233 | +109% |
| Furniture and vehicles | 24 | €7,598 | €6,088 | -€1,510 | -19.9% |
| Current assets | 29/58 | €277,708 | €251,728 | -€25,980 | -9.4% |
| Stocks and contracts in progress | 3 | €10,110 | €14,961 | +€4,851 | +48.0% |
| Stocks | 30/36 | €10,110 | €14,961 | +€4,851 | +48.0% |
| Amounts receivable within one year | 40/41 | €1,476 | €6,011 | +€4,535 | +307% |
| Trade receivables | 40 | €1,476 | €30 | -€1,446 | -98.0% |
| Other amounts receivable | 41 | - | €5,981 | +€5,981 | |
| Cash at bank and in hand | 54/58 | €266,122 | €224,367 | -€41,755 | -15.7% |
| Deferred charges and accrued income | 490/1 | - | €6,389 | +€6,389 | |
| Total equity and liabilities | 10/49 | €531,982 | €491,763 | -€40,219 | -7.6% |
| Equity | 10/15 | €346,267 | €365,560 | +€19,292 | +5.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €327,667 | €346,960 | +€19,292 | +5.9% |
| 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 | €325,807 | €345,100 | +€19,292 | +5.9% |
| Amounts payable | 17/49 | €185,714 | €126,203 | -€59,512 | -32.0% |
| Amounts payable after more than one year | 17 | €47,250 | €18,900 | -€28,350 | -60.0% |
| Financial debts | 170/4 | €47,250 | €18,900 | -€28,350 | -60.0% |
| Amounts payable within one year | 42/48 | €138,455 | €107,303 | -€31,152 | -22.5% |
| Current portion of amounts payable after more than one year | 42 | €28,350 | €28,350 | = | 0.0% |
| Trade debts | 44 | €9,454 | €8,527 | -€927 | -9.8% |
| Suppliers | 440/4 | €9,454 | €8,527 | -€927 | -9.8% |
| Taxes, remuneration and social security | 45 | €71,923 | €65,745 | -€6,179 | -8.6% |
| Taxes | 450/3 | €45,874 | €26,479 | -€19,394 | -42.3% |
| Remuneration and social security | 454/9 | €26,050 | €39,265 | +€13,215 | +50.7% |
| Other amounts payable | 47/48 | €28,727 | €4,681 | -€24,046 | -83.7% |
| Accrued charges and deferred income | 492/3 | €10 | - | -€10 | |
| Remuneration, social security and pensions | 62 | €348,099 | €331,919 | -€16,180 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,530 | €19,903 | +€372 | +1.9% |
| Other operating charges | 640/8 | €2,955 | €2,695 | -€259 | -8.8% |
| Gross operating margin | 9900 | €453,687 | €384,285 | -€69,402 | -15.3% |
| Operating profit (loss) | 9901 | €83,103 | €29,767 | -€53,336 | -64.2% |
| Financial income | 75/76B | €172 | €223 | +€51 | +29.6% |
| Recurring financial income | 75 | €172 | €223 | +€51 | +29.6% |
| Financial charges | 65/66B | €2,387 | €1,758 | -€628 | -26.3% |
| Recurring financial charges | 65 | €2,387 | €1,758 | -€628 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | €80,888 | €28,232 | -€52,656 | -65.1% |
| Income taxes | 67/77 | €23,768 | €8,939 | -€14,829 | -62.4% |
| Profit (loss) for the period | 9904 | €57,120 | €19,292 | -€37,828 | -66.2% |
| Profit (loss) for the period to be appropriated | 9905 | €57,120 | €19,292 | -€37,828 | -66.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.