Pac Cool: 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 Cool
Largest movements
- Stocks and contracts +€268,473
up €268,473 (+13.2%), from €2.0m to €2.3m
of which Contracts in progress: +€305,635
- Receivables within one year +€190,323
up €190,323 (+69.1%), from €275,556 to €465,879
of which Trade receivables: +€128,762
- Cash -€73,153
down €73,153 (-89.9%), from €81,328 to €8,175
mainly Current portion of long-term debt (-€778,335) and Investment in fixed assets (net) (-€320,838)
- Intangible fixed assets -€65,158
down €65,158 (-34.9%), from €186,785 to €121,627
- Current portion of long-term debt -€778,335
down €778,335 (-81.3%), from €957,446 to €179,112
- Short-term financial debts +€530,187
new in 2025: €530,187
- Other debts +€444,092
up €444,092 (+234.6%), from €189,273 to €633,365
- Debts after one year +€208,482
up €208,482 (+17.6%), from €1.2m to €1.4m
- Tax, wage and social debts -€156,115
down €156,115 (-37.2%), from €419,123 to €263,008
of which Remuneration and social security: -€109,018
- Staff costs -€417,989
down €417,989 (-16.8%), from €2.5m to €2.1m
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 | €3,482,656 | €3,830,355 | +€347,699 | +10.0% |
| Fixed assets | 21/28 | €1,025,644 | €994,267 | -€31,377 | -3.1% |
| Intangible fixed assets | 21 | €186,785 | €121,627 | -€65,158 | -34.9% |
| Tangible fixed assets | 22/27 | €826,859 | €860,640 | +€33,781 | +4.1% |
| Land and buildings | 22 | €18,835 | €14,350 | -€4,485 | -23.8% |
| Plant, machinery and equipment | 23 | €752,270 | €721,348 | -€30,922 | -4.1% |
| Furniture and vehicles | 24 | €55,754 | €124,942 | +€69,188 | +124.1% |
| Financial fixed assets | 28 | €12,000 | €12,000 | = | 0.0% |
| Current assets | 29/58 | €2,457,012 | €2,836,088 | +€379,076 | +15.4% |
| Stocks and contracts in progress | 3 | €2,037,412 | €2,305,885 | +€268,473 | +13.2% |
| Stocks | 30/36 | €2,037,412 | €2,000,250 | -€37,162 | -1.8% |
| Contracts in progress | 37 | - | €305,635 | +€305,635 | |
| Amounts receivable within one year | 40/41 | €275,556 | €465,879 | +€190,323 | +69.1% |
| Trade receivables | 40 | €221,761 | €350,522 | +€128,762 | +58.1% |
| Other amounts receivable | 41 | €53,795 | €115,356 | +€61,561 | +114.4% |
| Cash at bank and in hand | 54/58 | €81,328 | €8,175 | -€73,153 | -89.9% |
| Deferred charges and accrued income | 490/1 | €62,716 | €56,149 | -€6,567 | -10.5% |
| Total equity and liabilities | 10/49 | €3,482,656 | €3,830,355 | +€347,699 | +10.0% |
| Equity | 10/15 | €8,717 | €39,477 | +€30,760 | +352.9% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€391,283 | -€360,523 | +€30,760 | +7.9% |
| Amounts payable | 17/49 | €3,473,939 | €3,790,878 | +€316,939 | +9.1% |
| Amounts payable after more than one year | 17 | €1,184,758 | €1,393,240 | +€208,482 | +17.6% |
| Financial debts | 170/4 | €1,184,758 | €1,393,240 | +€208,482 | +17.6% |
| Amounts payable within one year | 42/48 | €2,289,181 | €2,397,638 | +€108,457 | +4.7% |
| Current portion of amounts payable after more than one year | 42 | €957,446 | €179,112 | -€778,335 | -81.3% |
| Financial debts | 43 | - | €530,187 | +€530,187 | |
| Other loans | 439 | - | €530,187 | +€530,187 | |
| Trade debts | 44 | €723,339 | €791,967 | +€68,628 | +9.5% |
| Suppliers | 440/4 | €723,339 | €791,967 | +€68,628 | +9.5% |
| Taxes, remuneration and social security | 45 | €419,123 | €263,008 | -€156,115 | -37.2% |
| Taxes | 450/3 | €48,956 | €1,858 | -€47,098 | -96.2% |
| Remuneration and social security | 454/9 | €370,167 | €261,149 | -€109,018 | -29.5% |
| Other amounts payable | 47/48 | €189,273 | €633,365 | +€444,092 | +234.6% |
| Remuneration, social security and pensions | 62 | €2,486,863 | €2,068,874 | -€417,989 | -16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €347,768 | €352,216 | +€4,447 | +1.3% |
| Other operating charges | 640/8 | €2,143 | €2,772 | +€629 | +29.4% |
| Gross operating margin | 9900 | €2,579,992 | €2,570,580 | -€9,412 | -0.4% |
| Operating profit (loss) | 9901 | -€256,782 | €146,719 | +€403,501 | |
| Financial income | 75/76B | €106 | €3,773 | +€3,667 | +3463.3% |
| Recurring financial income | 75 | €106 | €3,773 | +€3,667 | +3463.3% |
| Financial charges | 65/66B | €133,920 | €118,560 | -€15,360 | -11.5% |
| Recurring financial charges | 65 | €133,920 | €118,560 | -€15,360 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | -€390,596 | €31,932 | +€422,528 | |
| Income taxes | 67/77 | €687 | €1,171 | +€484 | +70.5% |
| Profit (loss) for the period | 9904 | -€391,283 | €30,760 | +€422,044 | |
| Profit (loss) for the period to be appropriated | 9905 | -€391,283 | €30,760 | +€422,044 |
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 29 September 2026 via checked.be.