PAC RETAIL: 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 RETAIL
Largest movements
- Tangible fixed assets -€11,832
down €11,832 (-3.2%), from €365,549 to €353,717
- Cash -€3,829
down €3,829 (-33.0%), from €11,619 to €7,790
mainly Other debts (-€29,509) and Debts after one year (-€20,716)
- Profit (loss) carried forward +€39,643
up €39,643 (+64.5%), from -€61,426 to -€21,783
- Other debts -€29,509
down €29,509 (-11.2%), from €262,654 to €233,145
- Debts after one year -€20,716
down €20,716 (-14.0%), from €148,345 to €127,629
- Accrued charges and deferred income -€7,625
no longer reported in 2025 (was €7,625)
- Gross operating margin +€26,083
up €26,083 (+84.6%), from €30,844 to €56,927
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.
Derived cash bridge
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 | €379,474 | €361,507 | -€17,967 | -4.7% |
| Fixed assets | 21/28 | €365,549 | €353,717 | -€11,832 | -3.2% |
| Tangible fixed assets | 22/27 | €365,549 | €353,717 | -€11,832 | -3.2% |
| Land and buildings | 22 | €365,549 | €353,717 | -€11,832 | -3.2% |
| Current assets | 29/58 | €13,925 | €7,790 | -€6,135 | -44.1% |
| Amounts receivable within one year | 40/41 | €2,306 | - | -€2,306 | |
| Trade receivables | 40 | €2,306 | - | -€2,306 | |
| Cash at bank and in hand | 54/58 | €11,619 | €7,790 | -€3,829 | -33.0% |
| Total equity and liabilities | 10/49 | €379,474 | €361,507 | -€17,967 | -4.7% |
| Equity | 10/15 | -€59,626 | -€19,983 | +€39,643 | +66.5% |
| Contributions | 10/11 | €1,800 | €1,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€61,426 | -€21,783 | +€39,643 | +64.5% |
| Amounts payable | 17/49 | €439,100 | €381,490 | -€57,610 | -13.1% |
| Amounts payable after more than one year | 17 | €148,345 | €127,629 | -€20,716 | -14.0% |
| Financial debts | 170/4 | €148,345 | €127,629 | -€20,716 | -14.0% |
| Amounts payable within one year | 42/48 | €283,130 | €253,861 | -€29,269 | -10.3% |
| Current portion of amounts payable after more than one year | 42 | €20,476 | €20,716 | +€240 | +1.2% |
| Other amounts payable | 47/48 | €262,654 | €233,145 | -€29,509 | -11.2% |
| Accrued charges and deferred income | 492/3 | €7,625 | - | -€7,625 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,832 | €11,832 | = | 0.0% |
| Other operating charges | 640/8 | €2,693 | €2,778 | +€85 | +3.2% |
| Gross operating margin | 9900 | €30,844 | €56,927 | +€26,083 | +84.6% |
| Operating profit (loss) | 9901 | €16,319 | €42,317 | +€25,998 | +159% |
| Financial charges | 65/66B | €2,881 | €2,674 | -€207 | -7.2% |
| Recurring financial charges | 65 | €2,881 | €2,674 | -€207 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €13,438 | €39,643 | +€26,205 | +195% |
| Profit (loss) for the period | 9904 | €13,438 | €39,643 | +€26,205 | +195% |
| Profit (loss) for the period to be appropriated | 9905 | €13,438 | €39,643 | +€26,205 | +195% |
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 13 October 2026 via checked.be.