PACA: 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.
PACA
Largest movements
- Receivables within one year +€4,386
up €4,386 (+161.7%), from €2,713 to €7,100
of which Trade receivables: +€4,353
- Cash -€1,371
down €1,371 (-82.0%), from €1,671 to €300
mainly Other debts (-€13,137) and Receivables within one year (-€4,386)
- Tangible fixed assets +€613
up €613 (+66.2%), from €927 to €1,540
- Other debts -€13,137
down €13,137 (-25.8%), from €50,971 to €37,834
- Profit (loss) carried forward +€11,464
up €11,464 (+20.8%), from -€54,992 to -€43,528
- Trade debts +€2,898
up €2,898 (+144.9%), from €2,000 to €4,898
- Advances received +€2,158
new in 2025: €2,158
- Tax, wage and social debts +€255
up €255 (+18.2%), from €1,405 to €1,661
- Gross operating margin +€4,925
up €4,925 (+62.9%), from €7,831 to €12,756
- Other operating charges -€134
down €134 (-16.2%), from €828 to €694
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 | €5,584 | €9,222 | +€3,638 | +65.1% |
| Fixed assets | 21/28 | €927 | €1,540 | +€613 | +66.2% |
| Tangible fixed assets | 22/27 | €927 | €1,540 | +€613 | +66.2% |
| Furniture and vehicles | 24 | €927 | €1,540 | +€613 | +66.2% |
| Current assets | 29/58 | €4,658 | €7,682 | +€3,024 | +64.9% |
| Amounts receivable within one year | 40/41 | €2,713 | €7,100 | +€4,386 | +161.7% |
| Trade receivables | 40 | €2,702 | €7,056 | +€4,353 | +161.1% |
| Other amounts receivable | 41 | €11 | €44 | +€33 | +296.8% |
| Cash at bank and in hand | 54/58 | €1,671 | €300 | -€1,371 | -82.0% |
| Deferred charges and accrued income | 490/1 | €274 | €283 | +€9 | +3.2% |
| Total equity and liabilities | 10/49 | €5,584 | €9,222 | +€3,638 | +65.1% |
| Equity | 10/15 | -€48,792 | -€37,328 | +€11,464 | +23.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,992 | -€43,528 | +€11,464 | +20.8% |
| Amounts payable | 17/49 | €54,376 | €46,550 | -€7,826 | -14.4% |
| Amounts payable within one year | 42/48 | €54,376 | €46,550 | -€7,826 | -14.4% |
| Trade debts | 44 | €2,000 | €4,898 | +€2,898 | +144.9% |
| Suppliers | 440/4 | €2,000 | €4,898 | +€2,898 | +144.9% |
| Advances received on contracts in progress | 46 | - | €2,158 | +€2,158 | |
| Taxes, remuneration and social security | 45 | €1,405 | €1,661 | +€255 | +18.2% |
| Taxes | 450/3 | €1,405 | €1,661 | +€255 | +18.2% |
| Other amounts payable | 47/48 | €50,971 | €37,834 | -€13,137 | -25.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €246 | €348 | +€103 | +41.9% |
| Other operating charges | 640/8 | €828 | €694 | -€134 | -16.2% |
| Gross operating margin | 9900 | €7,831 | €12,756 | +€4,925 | +62.9% |
| Operating profit (loss) | 9901 | €6,758 | €11,714 | +€4,956 | +73.3% |
| Financial charges | 65/66B | €132 | €250 | +€118 | +90.0% |
| Recurring financial charges | 65 | €132 | €250 | +€118 | +90.0% |
| Profit (loss) for the period before taxes | 9903 | €6,626 | €11,464 | +€4,837 | +73.0% |
| Profit (loss) for the period | 9904 | €6,626 | €11,464 | +€4,837 | +73.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,626 | €11,464 | +€4,837 | +73.0% |
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 11 October 2026 via checked.be.