PACA INVEST: what changed
What changed
PACA INVEST
NACE 77.110, Renting and leasing of cars and light motor vehicles
filed annual accounts (NBB)
Net result for the year
€7,003
2024 · €26,794-€19,791
Equity
-€1,703
2024 · €13,614-€15,317
Cash
€5,413
2024 · €4,103+€1,309
Balance sheet total
€831,034
2024 · €832,456-€1,422
Largest movements
Assets
- Receivables within one year -€42,433
down €42,433 (-92.8%), from €45,746 to €3,313
- Tangible fixed assets +€39,702
up €39,702 (+6.3%), from €632,607 to €672,309
of which Furniture and vehicles: +€55,460
Equity and liabilities
- Other debts +€20,990
up €20,990 (+7.0%), from €298,036 to €319,025
- Profit (loss) carried forward -€15,317
down €15,317 (-17.7%), from -€86,712 to -€102,029
Income statement
- Depreciation +€11,083
up €11,083 (+70.3%), from €15,756 to €26,839
- Gross operating margin -€6,145
down €6,145 (-7.4%), from €83,093 to €76,948
- Other operating charges +€1,883
up €1,883 (+14.1%), from €13,324 to €15,206
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€26,794
Gross operating margin
-€6,145
Depreciation
-€11,083
Other operating charges
-€1,883
Financial income
-€10
Financial charges
-€667
Taxes
-€4
Result 2025
€7,003
lowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€90,904
Investment
-€66,541
Financing
-€23,054
Cash 2024
€4,103
From operations (derived)
+€90,904
Net result for the year
+€7,003
Depreciation
+€26,839
Receivables within one year
+€42,433
Trade debts
-€3,917
Tax, wage and social debts
-€2,443
Other debts
+€20,990
Investment (derived)
-€66,541
Investment in fixed assets (net)
-€66,541
Financing
-€23,054
Debts after one year
-€4,541
Current portion of long-term debt
+€3,807
Contributions, distributions and other
-€22,320
Cash 2025
€5,413
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €832,456 | €831,034 | -€1,422 | -0.2% |
| Fixed assets | 21/28 | €632,607 | €672,309 | +€39,702 | +6.3% |
| Tangible fixed assets | 22/27 | €632,607 | €672,309 | +€39,702 | +6.3% |
| Land and buildings | 22 | €617,107 | €601,349 | -€15,758 | -2.6% |
| Furniture and vehicles | 24 | €15,500 | €70,960 | +€55,460 | +358% |
| Current assets | 29/58 | €199,849 | €158,725 | -€41,124 | -20.6% |
| Stocks and contracts in progress | 3 | €150,000 | €150,000 | = | 0.0% |
| Stocks | 30/36 | €150,000 | €150,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €45,746 | €3,313 | -€42,433 | -92.8% |
| Trade receivables | 40 | €45,746 | €3,313 | -€42,433 | -92.8% |
| Cash at bank and in hand | 54/58 | €4,103 | €5,413 | +€1,309 | +31.9% |
| Total equity and liabilities | 10/49 | €832,456 | €831,034 | -€1,422 | -0.2% |
| Equity | 10/15 | €13,614 | -€1,703 | -€15,317 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €81,726 | €81,726 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €79,866 | €79,866 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€86,712 | -€102,029 | -€15,317 | -17.7% |
| Amounts payable | 17/49 | €818,841 | €832,737 | +€13,895 | +1.7% |
| Amounts payable after more than one year | 17 | €464,310 | €459,769 | -€4,541 | -1.0% |
| Financial debts | 170/4 | €464,310 | €459,769 | -€4,541 | -1.0% |
| Amounts payable within one year | 42/48 | €354,531 | €372,968 | +€18,436 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | €36,329 | €40,136 | +€3,807 | +10.5% |
| Trade debts | 44 | €13,430 | €9,513 | -€3,917 | -29.2% |
| Suppliers | 440/4 | €13,430 | €9,513 | -€3,917 | -29.2% |
| Taxes, remuneration and social security | 45 | €6,736 | €4,293 | -€2,443 | -36.3% |
| Taxes | 450/3 | €6,736 | €4,293 | -€2,443 | -36.3% |
| Other amounts payable | 47/48 | €298,036 | €319,025 | +€20,990 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,756 | €26,839 | +€11,083 | +70.3% |
| Other operating charges | 640/8 | €13,324 | €15,206 | +€1,883 | +14.1% |
| Gross operating margin | 9900 | €83,093 | €76,948 | -€6,145 | -7.4% |
| Operating profit (loss) | 9901 | €54,014 | €34,903 | -€19,110 | -35.4% |
| Financial income | 75/76B | €81 | €71 | -€10 | -12.3% |
| Recurring financial income | 75 | €81 | €71 | -€10 | -12.3% |
| Financial charges | 65/66B | €26,974 | €27,641 | +€667 | +2.5% |
| Recurring financial charges | 65 | €26,974 | €27,641 | +€667 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €27,120 | €7,333 | -€19,787 | -73.0% |
| Income taxes | 67/77 | €326 | €330 | +€4 | +1.2% |
| Profit (loss) for the period | 9904 | €26,794 | €7,003 | -€19,791 | -73.9% |
| Profit (loss) for the period to be appropriated | 9905 | €26,794 | €7,003 | -€19,791 | -73.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.