PAC & FIN: 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 & FIN
Largest movements
- Cash +€108,640
up €108,640 (+458.6%), from €23,692 to €132,332
mainly Net result for the year (+€153,266) and Tax, wage and social debts (+€34,838)
- Financial fixed assets +€82,500
up €82,500 (+68.7%), from €120,165 to €202,665
- Tangible fixed assets -€4,068
down €4,068 (-42.3%), from €9,619 to €5,551
of which Furniture and vehicles: -€6,792
- Reserves +€213,159
up €213,159 (+344.6%), from €61,860 to €275,019
- Profit (loss) carried forward -€69,894
down €69,894 (-100.0%), from €69,894 to €0
- Tax, wage and social debts +€34,838
new in 2025: €34,838
- Other debts +€12,051
up €12,051 (+3978.6%), from €303 to €12,354
- Gross operating margin +€163,366
up €163,366 (+525.8%), from €31,070 to €194,436
- Taxes +€35,367
up €35,367 (+370.3%), from €9,550 to €44,917
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 | €154,691 | €343,046 | +€188,354 | +121.8% |
| Fixed assets | 21/28 | €129,784 | €208,216 | +€78,432 | +60.4% |
| Tangible fixed assets | 22/27 | €9,619 | €5,551 | -€4,068 | -42.3% |
| Plant, machinery and equipment | 23 | - | €2,725 | +€2,725 | |
| Furniture and vehicles | 24 | €9,619 | €2,827 | -€6,792 | -70.6% |
| Financial fixed assets | 28 | €120,165 | €202,665 | +€82,500 | +68.7% |
| Current assets | 29/58 | €24,907 | €134,829 | +€109,922 | +441.3% |
| Amounts receivable within one year | 40/41 | €800 | €1,546 | +€746 | +93.2% |
| Trade receivables | 40 | €196 | €1,076 | +€881 | +450.0% |
| Other amounts receivable | 41 | €604 | €470 | -€135 | -22.3% |
| Cash at bank and in hand | 54/58 | €23,692 | €132,332 | +€108,640 | +458.6% |
| Deferred charges and accrued income | 490/1 | €416 | €951 | +€536 | +128.9% |
| Total equity and liabilities | 10/49 | €154,691 | €343,046 | +€188,354 | +121.8% |
| Equity | 10/15 | €150,354 | €293,619 | +€143,266 | +95.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €61,860 | €275,019 | +€213,159 | +344.6% |
| Distributable reserves | 133 | €61,860 | €275,019 | +€213,159 | +344.6% |
| Profit (loss) carried forward | 14 | €69,894 | €0 | -€69,894 | -100.0% |
| Amounts payable | 17/49 | €4,338 | €49,426 | +€45,088 | +1039.4% |
| Amounts payable within one year | 42/48 | €4,330 | €48,680 | +€44,350 | +1024.3% |
| Current portion of amounts payable after more than one year | 42 | €2,937 | €0 | -€2,937 | -100.0% |
| Trade debts | 44 | €1,090 | €1,488 | +€398 | +36.5% |
| Suppliers | 440/4 | €1,090 | €1,488 | +€398 | +36.5% |
| Taxes, remuneration and social security | 45 | - | €34,838 | +€34,838 | |
| Taxes | 450/3 | - | €34,838 | +€34,838 | |
| Other amounts payable | 47/48 | €303 | €12,354 | +€12,051 | +3978.6% |
| Accrued charges and deferred income | 492/3 | €8 | €747 | +€739 | +9233.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,792 | €7,000 | +€207 | +3.1% |
| Other operating charges | 640/8 | €827 | €1,894 | +€1,067 | +129.1% |
| Gross operating margin | 9900 | €31,070 | €194,436 | +€163,366 | +525.8% |
| Operating profit (loss) | 9901 | €23,451 | €185,542 | +€162,091 | +691.2% |
| Financial income | 75/76B | €13,014 | €14,173 | +€1,159 | +8.9% |
| Recurring financial income | 75 | €13,014 | €14,173 | +€1,159 | +8.9% |
| Financial charges | 65/66B | €368 | €1,533 | +€1,165 | +316.4% |
| Recurring financial charges | 65 | €368 | €1,533 | +€1,165 | +316.4% |
| Profit (loss) for the period before taxes | 9903 | €36,097 | €198,183 | +€162,086 | +449.0% |
| Income taxes | 67/77 | €9,550 | €44,917 | +€35,367 | +370.3% |
| Profit (loss) for the period | 9904 | €26,547 | €153,266 | +€126,719 | +477.3% |
| Profit (loss) for the period to be appropriated | 9905 | €26,547 | €153,266 | +€126,719 | +477.3% |
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 9 October 2026 via checked.be.