PACCES: 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.
PACCES
Largest movements
- Cash -€10,760
down €10,760 (-37.9%), from €28,374 to €17,614
mainly Other debts (-€11,875) and Contributions, distributions and other (-€4,450)
- Tangible fixed assets +€782
new in 2025: €782
- Other debts -€11,875
down €11,875 (-81.5%), from €14,573 to €2,698
- Tax, wage and social debts +€2,446
up €2,446 (+89.8%), from €2,725 to €5,171
- Trade debts -€488
down €488 (-7.5%), from €6,514 to €6,026
- Gross operating margin -€15,530
down €15,530 (-67.5%), from €23,001 to €7,471
- Taxes -€3,953
down €3,953 (-65.8%), from €6,006 to €2,053
- Depreciation +€261
new in 2025: €261
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 | €31,931 | €21,970 | -€9,961 | -31.2% |
| Fixed assets | 21/28 | - | €782 | +€782 | |
| Tangible fixed assets | 22/27 | - | €782 | +€782 | |
| Furniture and vehicles | 24 | - | €782 | +€782 | |
| Current assets | 29/58 | €31,931 | €21,188 | -€10,743 | -33.6% |
| Amounts receivable within one year | 40/41 | €2,536 | €2,243 | -€292 | -11.5% |
| Trade receivables | 40 | €2,042 | €2,243 | +€201 | +9.9% |
| Other amounts receivable | 41 | €494 | - | -€494 | |
| Cash at bank and in hand | 54/58 | €28,374 | €17,614 | -€10,760 | -37.9% |
| Deferred charges and accrued income | 490/1 | €1,021 | €1,330 | +€309 | +30.3% |
| Total equity and liabilities | 10/49 | €31,931 | €21,970 | -€9,961 | -31.2% |
| Equity | 10/15 | €8,120 | €8,075 | -€44 | -0.5% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60 | €15 | -€44 | -74.4% |
| Amounts payable | 17/49 | €23,812 | €13,895 | -€9,917 | -41.6% |
| Amounts payable within one year | 42/48 | €23,812 | €13,895 | -€9,917 | -41.6% |
| Trade debts | 44 | €6,514 | €6,026 | -€488 | -7.5% |
| Suppliers | 440/4 | €6,514 | €6,026 | -€488 | -7.5% |
| Taxes, remuneration and social security | 45 | €2,725 | €5,171 | +€2,446 | +89.8% |
| Taxes | 450/3 | €2,725 | €5,171 | +€2,446 | +89.8% |
| Other amounts payable | 47/48 | €14,573 | €2,698 | -€11,875 | -81.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €261 | +€261 | |
| Other operating charges | 640/8 | €816 | €658 | -€158 | -19.4% |
| Gross operating margin | 9900 | €23,001 | €7,471 | -€15,530 | -67.5% |
| Operating profit (loss) | 9901 | €22,185 | €6,553 | -€15,632 | -70.5% |
| Financial income | 75/76B | €0 | €0 | +€0 | +450.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +450.0% |
| Financial charges | 65/66B | €79 | €94 | +€16 | +19.7% |
| Recurring financial charges | 65 | €79 | €94 | +€16 | +19.7% |
| Profit (loss) for the period before taxes | 9903 | €22,106 | €6,459 | -€15,647 | -70.8% |
| Income taxes | 67/77 | €6,006 | €2,053 | -€3,953 | -65.8% |
| Profit (loss) for the period | 9904 | €16,100 | €4,406 | -€11,694 | -72.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,100 | €4,406 | -€11,694 | -72.6% |
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 30 September 2026 via checked.be.