PAC-LOC: 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-LOC
Largest movements
- Tangible fixed assets +€6,031
up €6,031 (+1.8%), from €341,909 to €347,940
- Cash +€5,064
up €5,064 (+140.2%), from €3,612 to €8,676
mainly Depreciation (+€18,234) and Current portion of long-term debt (+€5,407)
- Receivables within one year -€4,050
down €4,050 (-71.1%), from €5,700 to €1,650
- Current portion of long-term debt +€5,407
up €5,407 (+44.7%), from €12,097 to €17,504
- Debts after one year +€5,178
up €5,178 (+1.8%), from €295,413 to €300,591
- Other operating charges -€33,007
down €33,007 (-94.0%), from €35,121 to €2,114
- Depreciation +€10,755
up €10,755 (+143.8%), from €7,479 to €18,234
- Financial charges +€4,630
up €4,630 (+61.4%), from €7,539 to €12,169
- Gross operating margin +€909
up €909 (+2.9%), from €31,781 to €32,691
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 | €351,485 | €358,579 | +€7,094 | +2.0% |
| Fixed assets | 21/28 | €341,909 | €347,940 | +€6,031 | +1.8% |
| Tangible fixed assets | 22/27 | €341,909 | €347,940 | +€6,031 | +1.8% |
| Land and buildings | 22 | €341,909 | €347,940 | +€6,031 | +1.8% |
| Current assets | 29/58 | €9,576 | €10,639 | +€1,063 | +11.1% |
| Amounts receivable within one year | 40/41 | €5,700 | €1,650 | -€4,050 | -71.1% |
| Trade receivables | 40 | €5,700 | €1,650 | -€4,050 | -71.1% |
| Cash at bank and in hand | 54/58 | €3,612 | €8,676 | +€5,064 | +140.2% |
| Deferred charges and accrued income | 490/1 | €264 | €313 | +€49 | +18.7% |
| Total equity and liabilities | 10/49 | €351,485 | €358,579 | +€7,094 | +2.0% |
| Equity | 10/15 | -€3,358 | -€3,184 | +€174 | +5.2% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,358 | -€18,184 | +€174 | +0.9% |
| Amounts payable | 17/49 | €354,843 | €361,763 | +€6,920 | +2.0% |
| Amounts payable after more than one year | 17 | €295,413 | €300,591 | +€5,178 | +1.8% |
| Financial debts | 170/4 | €295,413 | €300,591 | +€5,178 | +1.8% |
| Amounts payable within one year | 42/48 | €59,430 | €61,172 | +€1,742 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | €12,097 | €17,504 | +€5,407 | +44.7% |
| Trade debts | 44 | €3,038 | €239 | -€2,799 | -92.1% |
| Suppliers | 440/4 | €3,038 | €239 | -€2,799 | -92.1% |
| Taxes, remuneration and social security | 45 | €1,295 | €429 | -€865 | -66.8% |
| Taxes | 450/3 | €1,295 | €429 | -€865 | -66.8% |
| Other amounts payable | 47/48 | €43,000 | €43,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,479 | €18,234 | +€10,755 | +143.8% |
| Other operating charges | 640/8 | €35,121 | €2,114 | -€33,007 | -94.0% |
| Gross operating margin | 9900 | €31,781 | €32,691 | +€909 | +2.9% |
| Operating profit (loss) | 9901 | -€10,819 | €12,343 | +€23,161 | |
| Financial charges | 65/66B | €7,539 | €12,169 | +€4,630 | +61.4% |
| Recurring financial charges | 65 | €7,539 | €12,169 | +€4,630 | +61.4% |
| Profit (loss) for the period before taxes | 9903 | -€18,358 | €174 | +€18,532 | |
| Profit (loss) for the period | 9904 | -€18,358 | €174 | +€18,532 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,358 | €174 | +€18,532 |
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 5 October 2026 via checked.be.