PABOCON: 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.
PABOCON
Largest movements
- Cash -€322,029
down €322,029 (-47.9%), from €672,718 to €350,689
mainly Debts after one year (-€500,000) and Accrued charges and deferred income (-€6,250)
- Debts after one year -€500,000
down €500,000 (-50.0%), from €1.0m to €500,000
- Reserves +€148,763
up €148,763 (+8.0%), from €1.9m to €2.0m
- Financial charges -€25,001
down €25,001 (-49.9%), from €50,129 to €25,128
- Financial income +€17,543
up €17,543 (+10.0%), from €175,446 to €192,990
- Taxes +€14,850
new in 2025: €14,850
- Gross operating margin -€250
down €250 (-8.3%), from -€3,001 to -€3,251
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 | €2,887,321 | €2,544,329 | -€342,992 | -11.9% |
| Fixed assets | 21/28 | €665,100 | €665,100 | = | 0.0% |
| Financial fixed assets | 28 | €665,100 | €665,100 | = | 0.0% |
| Current assets | 29/58 | €2,222,221 | €1,879,229 | -€342,992 | -15.4% |
| Amounts receivable after more than one year | 29 | €1,200,000 | €1,200,000 | = | 0.0% |
| Trade receivables | 290 | €1,200,000 | €1,200,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €310,250 | €283,431 | -€26,819 | -8.6% |
| Other amounts receivable | 41 | €310,250 | €283,431 | -€26,819 | -8.6% |
| Cash at bank and in hand | 54/58 | €672,718 | €350,689 | -€322,029 | -47.9% |
| Deferred charges and accrued income | 490/1 | €39,254 | €45,108 | +€5,855 | +14.9% |
| Total equity and liabilities | 10/49 | €2,887,321 | €2,544,329 | -€342,992 | -11.9% |
| Equity | 10/15 | €1,874,421 | €2,023,184 | +€148,763 | +7.9% |
| Contributions | 10/11 | €12,600 | €12,600 | = | 0.0% |
| Reserves | 13 | €1,861,821 | €2,010,584 | +€148,763 | +8.0% |
| Distributable reserves | 133 | €1,861,821 | €2,010,584 | +€148,763 | +8.0% |
| Amounts payable | 17/49 | €1,012,900 | €521,145 | -€491,756 | -48.5% |
| Amounts payable after more than one year | 17 | €1,000,000 | €500,000 | -€500,000 | -50.0% |
| Financial debts | 170/4 | €1,000,000 | €500,000 | -€500,000 | -50.0% |
| Amounts payable within one year | 42/48 | €400 | €14,895 | +€14,495 | +3623.6% |
| Trade debts | 44 | - | €39 | +€39 | |
| Suppliers | 440/4 | - | €39 | +€39 | |
| Taxes, remuneration and social security | 45 | - | €14,455 | +€14,455 | |
| Taxes | 450/3 | - | €14,455 | +€14,455 | |
| Other amounts payable | 47/48 | €400 | €400 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €12,500 | €6,250 | -€6,250 | -50.0% |
| Other operating charges | 640/8 | €1,030 | €998 | -€31 | -3.0% |
| Gross operating margin | 9900 | -€3,001 | -€3,251 | -€250 | -8.3% |
| Operating profit (loss) | 9901 | -€4,031 | -€4,249 | -€218 | -5.4% |
| Financial income | 75/76B | €175,446 | €192,990 | +€17,543 | +10.0% |
| Recurring financial income | 75 | €175,446 | €192,990 | +€17,543 | +10.0% |
| Financial charges | 65/66B | €50,129 | €25,128 | -€25,001 | -49.9% |
| Recurring financial charges | 65 | €50,129 | €25,128 | -€25,001 | -49.9% |
| Profit (loss) for the period before taxes | 9903 | €121,287 | €163,613 | +€42,326 | +34.9% |
| Income taxes | 67/77 | - | €14,850 | +€14,850 | |
| Profit (loss) for the period | 9904 | €121,287 | €148,763 | +€27,476 | +22.7% |
| Profit (loss) for the period to be appropriated | 9905 | €121,287 | €148,763 | +€27,476 | +22.7% |
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 1 October 2026 via checked.be.