PACBELIMEX: 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.
What changed
PACBELIMEX
NACE 46.319, Wholesale of fruit and vegetables, excluding potatoes
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€117,203
2024 · €18,139+€99,064
Equity
€1.4m
2024 · €1.2m+€117,203
Cash
€373,622
2024 · €111,658+€261,964
Balance sheet total
€3.1m
2024 · €3.8m-€701,849
Largest movements
Assets
- Receivables within one year -€944,727
down €944,727 (-30.3%), from €3.1m to €2.2m
of which Trade receivables: -€899,514
- Cash +€261,964
up €261,964 (+235%), from €111,658 to €373,622
mainly Receivables within one year (+€944,727) and Trade debts (+€358,592)
- Deferred charges and accrued income +€41,058
up €41,058 (+908%), from €4,523 to €45,581
Equity and liabilities
- Other debts -€858,869
down €858,869 (-74.3%), from €1.2m to €297,695
- Trade debts +€358,592
up €358,592 (+32.8%), from €1.1m to €1.5m
- Tax, wage and social debts -€179,167
down €179,167 (-88.2%), from €203,132 to €23,966
of which Taxes: -€170,649
- Short-term financial debts -€140,292
down €140,292 (-100%), from €140,292 to €0
- Reserves +€117,203
up €117,203 (+9.6%), from €1.2m to €1.3m
Income statement
- Gross operating margin +€172,220
up €172,220 (+12.2%), from €1.4m to €1.6m
- Financial income +€77,072
up €77,072 (+217%), from €35,587 to €112,660
- Other operating charges +€45,094
up €45,094 (+664%), from €6,793 to €51,887
- Taxes -€40,969
down €40,969 (-55.6%), from €73,702 to €32,732
- Financial charges +€27,630
up €27,630 (+22.8%), from €121,274 to €148,904
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.
Result 2024
€18,139
Gross operating margin
+€172,220
Staff costs
+€12,704
Depreciation
-€4,230
Write-downs
+€7,689
Other operating charges
-€45,094
Other operating items
-€134,636
Financial income
+€77,072
Financial charges
-€27,630
Taxes
+€40,969
Result 2025
€117,203
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€428,213
Investment
-€22,492
Financing
-€143,756
Cash 2024
€111,658
From operations (derived)
+€428,213
Net result for the year
+€117,203
Depreciation
+€54,630
Stocks and contracts
+€28,006
Receivables within one year
+€944,727
Deferred charges and accrued income
-€41,058
Provisions
-€216
Trade debts
+€358,592
Tax, wage and social debts
-€179,167
Other debts
-€858,869
Accrued charges and deferred income
+€4,363
Investment (derived)
-€22,492
Investment in fixed assets (net)
-€22,492
Financing
-€143,756
Debts after one year
-€3,464
Short-term financial debts
-€140,292
Contributions, distributions and other
-€0
Cash 2025
€373,622
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,849,364 | €3,147,515 | -€701,849 | -18.2% |
| Formation expenses | 20 | €113,571 | €85,178 | -€28,393 | -25.0% |
| Fixed assets | 21/28 | €382,920 | €379,175 | -€3,745 | -1.0% |
| Tangible fixed assets | 22/27 | €67,935 | €47,009 | -€20,927 | -30.8% |
| Plant, machinery and equipment | 23 | €13,328 | €10,081 | -€3,247 | -24.4% |
| Furniture and vehicles | 24 | €53,199 | €36,505 | -€16,694 | -31.4% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Assets under construction and advance payments | 27 | €1,408 | €423 | -€985 | -70.0% |
| Financial fixed assets | 28 | €314,985 | €332,166 | +€17,181 | +5.5% |
| Current assets | 29/58 | €3,352,872 | €2,683,161 | -€669,711 | -20.0% |
| Stocks and contracts in progress | 3 | €117,738 | €89,732 | -€28,006 | -23.8% |
| Stocks | 30/36 | €117,738 | €89,732 | -€28,006 | -23.8% |
| Amounts receivable within one year | 40/41 | €3,118,954 | €2,174,227 | -€944,727 | -30.3% |
| Trade receivables | 40 | €2,414,174 | €1,514,659 | -€899,514 | -37.3% |
| Other amounts receivable | 41 | €704,780 | €659,567 | -€45,213 | -6.4% |
| Cash at bank and in hand | 54/58 | €111,658 | €373,622 | +€261,964 | +235% |
| Deferred charges and accrued income | 490/1 | €4,523 | €45,581 | +€41,058 | +908% |
| Total equity and liabilities | 10/49 | €3,849,364 | €3,147,515 | -€701,849 | -18.2% |
| Equity | 10/15 | €1,237,745 | €1,354,948 | +€117,203 | +9.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,219,145 | €1,336,348 | +€117,203 | +9.6% |
| Distributable reserves | 133 | €1,219,145 | €1,336,348 | +€117,203 | +9.6% |
| Provisions and deferred taxes | 16 | €14,473 | €14,257 | -€216 | -1.5% |
| Provisions for liabilities and charges | 160/5 | €14,473 | €14,257 | -€216 | -1.5% |
| Pensions and similar obligations | 160 | €14,473 | €14,257 | -€216 | -1.5% |
| Amounts payable | 17/49 | €2,597,146 | €1,778,310 | -€818,836 | -31.5% |
| Amounts payable after more than one year | 17 | €3,464 | €0 | -€3,464 | -100% |
| Financial debts | 170/4 | €3,464 | €0 | -€3,464 | -100% |
| Amounts payable within one year | 42/48 | €2,593,682 | €1,773,947 | -€819,735 | -31.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €140,292 | €0 | -€140,292 | -100% |
| Credit institutions | 430/8 | €140,292 | €0 | -€140,292 | -100% |
| Trade debts | 44 | €1,093,694 | €1,452,286 | +€358,592 | +32.8% |
| Suppliers | 440/4 | €1,093,694 | €1,452,286 | +€358,592 | +32.8% |
| Taxes, remuneration and social security | 45 | €203,132 | €23,966 | -€179,167 | -88.2% |
| Taxes | 450/3 | €171,001 | €352 | -€170,649 | -99.8% |
| Remuneration and social security | 454/9 | €32,131 | €23,613 | -€8,518 | -26.5% |
| Other amounts payable | 47/48 | €1,156,564 | €297,695 | -€858,869 | -74.3% |
| Accrued charges and deferred income | 492/3 | - | €4,363 | +€4,363 | |
| Non-recurring operating income | 76A | €2,213 | €1,901 | -€312 | -14.1% |
| Remuneration, social security and pensions | 62 | €1,296,966 | €1,284,261 | -€12,704 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,401 | €54,630 | +€4,230 | +8.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,009 | €6,320 | -€7,689 | -54.9% |
| Other operating charges | 640/8 | €6,793 | €51,887 | +€45,094 | +664% |
| Operating charges capitalised as restructuring costs | 649 | -€141,964 | €0 | +€141,964 | |
| Non-recurring operating charges | 66A | €9,000 | €1,672 | -€7,328 | -81.4% |
| Gross operating margin | 9900 | €1,412,730 | €1,584,950 | +€172,220 | +12.2% |
| Operating profit (loss) | 9901 | €177,527 | €186,180 | +€8,653 | +4.9% |
| Financial income | 75/76B | €35,587 | €112,660 | +€77,072 | +217% |
| Recurring financial income | 75 | €35,587 | €112,660 | +€77,072 | +217% |
| Financial charges | 65/66B | €121,274 | €148,904 | +€27,630 | +22.8% |
| Recurring financial charges | 65 | €121,274 | €148,904 | +€27,630 | +22.8% |
| Profit (loss) for the period before taxes | 9903 | €91,841 | €149,936 | +€58,095 | +63.3% |
| Income taxes | 67/77 | €73,702 | €32,732 | -€40,969 | -55.6% |
| Profit (loss) for the period | 9904 | €18,139 | €117,203 | +€99,064 | +546% |
| Profit (loss) for the period to be appropriated | 9905 | €18,139 | €117,203 | +€99,064 | +546% |
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 19 October 2026 via checked.be.