PAC CONCEPT: 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.
PAC CONCEPT
Largest movements
- Receivables within one year +€245,711
up €245,711 (+64.5%), from €380,672 to €626,383
of which Trade receivables: +€191,424
- Cash -€20,713
down €20,713 (-91.0%), from €22,772 to €2,059
mainly Receivables within one year (-€245,711) and Investment in fixed assets (net) (-€14,075)
- Tangible fixed assets +€11,187
up €11,187 (+883.0%), from €1,267 to €12,454
- Trade debts +€143,338
up €143,338 (+45.6%), from €314,505 to €457,842
of which Bills of exchange payable: +€134,703
- Profit (loss) carried forward +€74,538
up €74,538 (+115.7%), from €64,399 to €138,937
- Tax, wage and social debts +€13,411
up €13,411 (+66.0%), from €20,307 to €33,719
- Gross operating margin +€67,429
up €67,429 (+86.3%), from €78,093 to €145,522
- Turnover +€48,624
up €48,624 (+4.4%), from €1.1m to €1.1m
- Purchases and services -€16,811
down €16,811 (-1.7%), from €1.0m to €1.0m
- Taxes +€11,585
up €11,585 (+79.9%), from €14,507 to €26,093
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €404,711 | €640,896 | +€236,185 | +58.4% |
| Fixed assets | 21/28 | €1,267 | €12,454 | +€11,187 | +883.0% |
| Tangible fixed assets | 22/27 | €1,267 | €12,454 | +€11,187 | +883.0% |
| Furniture and vehicles | 24 | €1,267 | €12,454 | +€11,187 | +883.0% |
| Current assets | 29/58 | €403,444 | €628,442 | +€224,998 | +55.8% |
| Amounts receivable within one year | 40/41 | €380,672 | €626,383 | +€245,711 | +64.5% |
| Trade receivables | 40 | €307,621 | €499,045 | +€191,424 | +62.2% |
| Other amounts receivable | 41 | €73,051 | €127,338 | +€54,287 | +74.3% |
| Cash at bank and in hand | 54/58 | €22,772 | €2,059 | -€20,713 | -91.0% |
| Total equity and liabilities | 10/49 | €404,711 | €640,896 | +€236,185 | +58.4% |
| Equity | 10/15 | €69,899 | €144,437 | +€74,538 | +106.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | - | -€5,000 | |
| Issued capital | 100 | €5,000 | - | -€5,000 | |
| Reserves | 13 | €500 | €500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Legal reserve | 130 | €500 | - | -€500 | |
| Reserves not available under the articles | 1311 | - | €500 | +€500 | |
| Profit (loss) carried forward | 14 | €64,399 | €138,937 | +€74,538 | +115.7% |
| Amounts payable | 17/49 | €334,812 | €496,459 | +€161,647 | +48.3% |
| Amounts payable within one year | 42/48 | €334,812 | €496,459 | +€161,647 | +48.3% |
| Trade debts | 44 | €314,505 | €457,842 | +€143,338 | +45.6% |
| Suppliers | 440/4 | €26,583 | €35,217 | +€8,634 | +32.5% |
| Bills of exchange payable | 441 | €287,922 | €422,625 | +€134,703 | +46.8% |
| Taxes, remuneration and social security | 45 | €20,307 | €33,719 | +€13,411 | +66.0% |
| Taxes | 450/3 | €20,307 | €33,719 | +€13,411 | +66.0% |
| Other amounts payable | 47/48 | - | €4,898 | +€4,898 | |
| Turnover | 70 | €1,095,017 | €1,143,641 | +€48,624 | +4.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,018,638 | €1,001,827 | -€16,811 | -1.7% |
| Remuneration, social security and pensions | 62 | €253 | €6,884 | +€6,631 | +2620.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €726 | €2,889 | +€2,162 | +297.7% |
| Other operating charges | 640/8 | - | €4,384 | +€4,384 | |
| Gross operating margin | 9900 | €78,093 | €145,522 | +€67,429 | +86.3% |
| Operating profit (loss) | 9901 | €77,114 | €131,365 | +€54,252 | +70.4% |
| Financial income | 75/76B | €30 | - | -€30 | |
| Recurring financial income | 75 | €30 | - | -€30 | |
| Financial charges | 65/66B | €22,851 | €30,735 | +€7,884 | +34.5% |
| Recurring financial charges | 65 | €22,851 | €30,735 | +€7,884 | +34.5% |
| Profit (loss) for the period before taxes | 9903 | €54,293 | €100,631 | +€46,338 | +85.3% |
| Income taxes | 67/77 | €14,507 | €26,093 | +€11,585 | +79.9% |
| Profit (loss) for the period | 9904 | €39,785 | €74,538 | +€34,752 | +87.4% |
| Profit (loss) for the period to be appropriated | 9905 | €39,785 | €74,538 | +€34,752 | +87.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.