PaCé: 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.
PaCé
Largest movements
- Cash +€73,361
up €73,361 (+251.3%), from €29,191 to €102,553
mainly Net result for the year (+€71,192) and Tax, wage and social debts (+€29,330)
- Receivables within one year +€11,365
new in 2025: €11,365
- Current investments +€7,500
up €7,500 (+46.2%), from €16,250 to €23,750
- Reserves +€71,192
up €71,192 (+167.0%), from €42,639 to €113,831
- Tax, wage and social debts +€29,330
up €29,330 (+458.0%), from €6,404 to €35,734
of which Taxes: +€27,261
- Other debts -€8,837
down €8,837 (-63.9%), from €13,821 to €4,984
- Trade debts +€1,939
up €1,939 (+154.6%), from €1,255 to €3,194
- Gross operating margin +€66,354
up €66,354 (+231.4%), from €28,670 to €95,025
- Taxes +€15,055
up €15,055 (+235.1%), from €6,404 to €21,459
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 | €66,619 | €160,243 | +€93,624 | +140.5% |
| Current assets | 29/58 | €66,619 | €160,243 | +€93,624 | +140.5% |
| Amounts receivable within one year | 40/41 | - | €11,365 | +€11,365 | |
| Trade receivables | 40 | - | €11,365 | +€11,365 | |
| Current investments | 50/53 | €16,250 | €23,750 | +€7,500 | +46.2% |
| Cash at bank and in hand | 54/58 | €29,191 | €102,553 | +€73,361 | +251.3% |
| Deferred charges and accrued income | 490/1 | €21,178 | €22,575 | +€1,398 | +6.6% |
| Total equity and liabilities | 10/49 | €66,619 | €160,243 | +€93,624 | +140.5% |
| Equity | 10/15 | €45,139 | €116,331 | +€71,192 | +157.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €42,639 | €113,831 | +€71,192 | +167.0% |
| Distributable reserves | 133 | €42,639 | €113,831 | +€71,192 | +167.0% |
| Amounts payable | 17/49 | €21,479 | €43,912 | +€22,432 | +104.4% |
| Amounts payable within one year | 42/48 | €21,479 | €43,912 | +€22,432 | +104.4% |
| Trade debts | 44 | €1,255 | €3,194 | +€1,939 | +154.6% |
| Suppliers | 440/4 | €1,255 | €3,194 | +€1,939 | +154.6% |
| Taxes, remuneration and social security | 45 | €6,404 | €35,734 | +€29,330 | +458.0% |
| Taxes | 450/3 | €6,404 | €33,665 | +€27,261 | +425.7% |
| Remuneration and social security | 454/9 | - | €2,069 | +€2,069 | |
| Other amounts payable | 47/48 | €13,821 | €4,984 | -€8,837 | -63.9% |
| Other operating charges | 640/8 | €1,290 | €1,838 | +€548 | +42.4% |
| Gross operating margin | 9900 | €28,670 | €95,025 | +€66,354 | +231.4% |
| Operating profit (loss) | 9901 | €27,380 | €93,187 | +€65,807 | +240.3% |
| Financial income | 75/76B | €28 | €40 | +€12 | +41.1% |
| Recurring financial income | 75 | €28 | €40 | +€12 | +41.1% |
| Financial charges | 65/66B | €588 | €576 | -€12 | -2.1% |
| Recurring financial charges | 65 | €588 | €576 | -€12 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | €26,820 | €92,650 | +€65,831 | +245.5% |
| Income taxes | 67/77 | €6,404 | €21,459 | +€15,055 | +235.1% |
| Profit (loss) for the period | 9904 | €20,416 | €71,192 | +€50,776 | +248.7% |
| Profit (loss) for the period to be appropriated | 9905 | €20,416 | €71,192 | +€50,776 | +248.7% |
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 12 October 2026 via checked.be.