PAC 6230: 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.
PAC 6230
Largest movements
- Cash -€8,268
down €8,268 (-7.1%), from €116,248 to €107,980
mainly Contributions, distributions and other (-€35,000) and Current investments (-€7,588)
- Current investments +€7,588
up €7,588 (+15.6%), from €48,764 to €56,352
- Deferred charges and accrued income +€6,812
up €6,812 (+938%), from €727 to €7,539
- Receivables after one year -€5,765
down €5,765 (-13.4%), from €43,144 to €37,379
- Receivables within one year +€4,403
up €4,403 (+27.3%), from €16,110 to €20,513
of which Trade receivables: +€4,254
- Tax, wage and social debts +€6,826
up €6,826 (+114%), from €5,981 to €12,806
- Reserves -€6,000
down €6,000 (-8.3%), from €71,860 to €65,860
of which Distributable reserves: -€6,000
- Other debts +€2,643
up €2,643 (+6.7%), from €39,210 to €41,853
- Gross operating margin -€8,327
down €8,327 (-18.5%), from €45,109 to €36,783
- Taxes +€6,643
up €6,643 (+125%), from €5,295 to €11,938
- Depreciation -€4,155
down €4,155 (-96.4%), from €4,310 to €155
- Financial income +€3,008
up €3,008 (+155%), from €1,939 to €4,947
- Financial charges -€2,037
down €2,037, from €1,574 to -€463
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €225,148 | €229,763 | +€4,616 | +2.1% |
| Fixed assets | 21/28 | €155 | - | -€155 | |
| Tangible fixed assets | 22/27 | €155 | - | -€155 | |
| Furniture and vehicles | 24 | €155 | - | -€155 | |
| Current assets | 29/58 | €224,993 | €229,763 | +€4,771 | +2.1% |
| Amounts receivable after more than one year | 29 | €43,144 | €37,379 | -€5,765 | -13.4% |
| Other amounts receivable | 291 | €43,144 | €37,379 | -€5,765 | -13.4% |
| Amounts receivable within one year | 40/41 | €16,110 | €20,513 | +€4,403 | +27.3% |
| Trade receivables | 40 | €10,493 | €14,747 | +€4,254 | +40.5% |
| Other amounts receivable | 41 | €5,616 | €5,765 | +€149 | +2.7% |
| Current investments | 50/53 | €48,764 | €56,352 | +€7,588 | +15.6% |
| Cash at bank and in hand | 54/58 | €116,248 | €107,980 | -€8,268 | -7.1% |
| Deferred charges and accrued income | 490/1 | €727 | €7,539 | +€6,812 | +938% |
| Total equity and liabilities | 10/49 | €225,148 | €229,763 | +€4,616 | +2.1% |
| Equity | 10/15 | €177,357 | €171,528 | -€5,829 | -3.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €71,860 | €65,860 | -€6,000 | -8.3% |
| 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 | €70,000 | €64,000 | -€6,000 | -8.6% |
| Profit (loss) carried forward | 14 | €95,497 | €95,668 | +€171 | +0.2% |
| Amounts payable | 17/49 | €47,790 | €58,235 | +€10,445 | +21.9% |
| Amounts payable within one year | 42/48 | €47,790 | €58,235 | +€10,445 | +21.9% |
| Trade debts | 44 | €2,600 | €3,576 | +€977 | +37.6% |
| Suppliers | 440/4 | €2,600 | €3,576 | +€977 | +37.6% |
| Taxes, remuneration and social security | 45 | €5,981 | €12,806 | +€6,826 | +114% |
| Taxes | 450/3 | €5,981 | €12,806 | +€6,826 | +114% |
| Other amounts payable | 47/48 | €39,210 | €41,853 | +€2,643 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,310 | €155 | -€4,155 | -96.4% |
| Other operating charges | 640/8 | €802 | €928 | +€126 | +15.8% |
| Gross operating margin | 9900 | €45,109 | €36,783 | -€8,327 | -18.5% |
| Operating profit (loss) | 9901 | €39,998 | €35,700 | -€4,298 | -10.7% |
| Financial income | 75/76B | €1,939 | €4,947 | +€3,008 | +155% |
| Recurring financial income | 75 | €1,939 | €4,947 | +€3,008 | +155% |
| Financial charges | 65/66B | €1,574 | -€463 | -€2,037 | |
| Recurring financial charges | 65 | €1,574 | -€463 | -€2,037 | |
| Profit (loss) for the period before taxes | 9903 | €40,362 | €41,110 | +€747 | +1.9% |
| Income taxes | 67/77 | €5,295 | €11,938 | +€6,643 | +125% |
| Profit (loss) for the period | 9904 | €35,067 | €29,171 | -€5,896 | -16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €35,067 | €29,171 | -€5,896 | -16.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.