Juri Pacioli: 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.
Juri Pacioli
Largest movements
- Receivables within one year +€85,218
up €85,218 (+51.6%), from €165,050 to €250,267
of which Trade receivables: +€85,296
- Receivables after one year -€10,394
down €10,394 (-39.3%), from €26,431 to €16,037
- Deferred charges and accrued income -€6,115
down €6,115 (-85.3%), from €7,170 to €1,055
- Short-term financial debts +€25,290
up €25,290 (+147%), from €17,160 to €42,451
- Profit (loss) carried forward +€23,139
up €23,139 (+24.6%), from €94,065 to €117,204
- Trade debts +€21,724
up €21,724 (+157%), from €13,859 to €35,582
- Staff costs -€12,145
down €12,145 (-6.5%), from €186,528 to €174,383
- Taxes +€2,808
up €2,808 (+46.4%), from €6,049 to €8,857
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €198,839 | €268,553 | +€69,714 | +35.1% |
| Fixed assets | 21/28 | €188 | €1,194 | +€1,006 | +536% |
| Tangible fixed assets | 22/27 | €188 | €1,194 | +€1,006 | +536% |
| Furniture and vehicles | 24 | €188 | €1,194 | +€1,006 | +536% |
| Current assets | 29/58 | €198,651 | €267,359 | +€68,708 | +34.6% |
| Amounts receivable after more than one year | 29 | €26,431 | €16,037 | -€10,394 | -39.3% |
| Other amounts receivable | 291 | €26,431 | €16,037 | -€10,394 | -39.3% |
| Amounts receivable within one year | 40/41 | €165,050 | €250,267 | +€85,218 | +51.6% |
| Trade receivables | 40 | €149,537 | €234,833 | +€85,296 | +57.0% |
| Other amounts receivable | 41 | €15,513 | €15,434 | -€78 | -0.5% |
| Deferred charges and accrued income | 490/1 | €7,170 | €1,055 | -€6,115 | -85.3% |
| Total equity and liabilities | 10/49 | €198,839 | €268,553 | +€69,714 | +35.1% |
| Equity | 10/15 | €114,656 | €137,795 | +€23,139 | +20.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,991 | €1,991 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,991 | €1,991 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,991 | €1,991 | = | 0.0% |
| Profit (loss) carried forward | 14 | €94,065 | €117,204 | +€23,139 | +24.6% |
| Amounts payable | 17/49 | €84,183 | €130,759 | +€46,576 | +55.3% |
| Amounts payable within one year | 42/48 | €84,183 | €130,504 | +€46,321 | +55.0% |
| Financial debts | 43 | €17,160 | €42,451 | +€25,290 | +147% |
| Credit institutions | 430/8 | €17,160 | €42,451 | +€25,290 | +147% |
| Trade debts | 44 | €13,859 | €35,582 | +€21,724 | +157% |
| Suppliers | 440/4 | €13,859 | €35,582 | +€21,724 | +157% |
| Taxes, remuneration and social security | 45 | €53,164 | €52,471 | -€693 | -1.3% |
| Taxes | 450/3 | €28,149 | €33,277 | +€5,128 | +18.2% |
| Remuneration and social security | 454/9 | €25,015 | €19,194 | -€5,821 | -23.3% |
| Accrued charges and deferred income | 492/3 | - | €254 | +€254 | |
| Remuneration, social security and pensions | 62 | €186,528 | €174,383 | -€12,145 | -6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €394 | €176 | -€218 | -55.3% |
| Other operating charges | 640/8 | €580 | €959 | +€380 | +65.6% |
| Gross operating margin | 9900 | €213,024 | €211,314 | -€1,710 | -0.8% |
| Operating profit (loss) | 9901 | €25,522 | €35,795 | +€10,274 | +40.3% |
| Financial income | 75/76B | €342 | €402 | +€60 | +17.4% |
| Recurring financial income | 75 | €342 | €402 | +€60 | +17.4% |
| Financial charges | 65/66B | €4,208 | €4,202 | -€7 | -0.2% |
| Recurring financial charges | 65 | €4,208 | €4,202 | -€7 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €21,656 | €31,996 | +€10,340 | +47.7% |
| Income taxes | 67/77 | €6,049 | €8,857 | +€2,808 | +46.4% |
| Profit (loss) for the period | 9904 | €15,607 | €23,139 | +€7,532 | +48.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,607 | €23,139 | +€7,532 | +48.3% |
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 27 October 2026 via checked.be.