PACE CONSULTING: 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.
PACE CONSULTING
Largest movements
- Current investments -€75,541
down €75,541 (-28.5%), from €264,615 to €189,075
- Receivables after one year -€50,600
down €50,600 (-100.0%), from €50,600 to €0
- Cash +€35,923
up €35,923 (+48.6%), from €73,992 to €109,915
mainly Net result for the year (+€110,714) and Current investments (+€75,541)
- Tangible fixed assets +€19,561
up €19,561 (+32.5%), from €60,195 to €79,756
of which Land and buildings: +€33,238
- Reserves -€114,786
down €114,786 (-22.3%), from €514,962 to €400,177
of which Distributable reserves: -€114,786
- Other debts +€72,074
up €72,074, from €0 to €72,074
- Tax, wage and social debts -€23,142
down €23,142 (-45.8%), from €50,571 to €27,429
of which Taxes: -€26,007
- Financial charges -€7,245
down €7,245 (-85.2%), from €8,505 to €1,260
- Financial income +€6,227
up €6,227 (+135.1%), from €4,608 to €10,835
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 | €593,235 | €531,183 | -€62,051 | -10.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €173,090 | €196,119 | +€23,029 | +13.3% |
| Tangible fixed assets | 22/27 | €60,195 | €79,756 | +€19,561 | +32.5% |
| Land and buildings | 22 | €3,563 | €36,801 | +€33,238 | +932.9% |
| Plant, machinery and equipment | 23 | €1,937 | €1,463 | -€475 | -24.5% |
| Furniture and vehicles | 24 | €51,745 | €38,543 | -€13,202 | -25.5% |
| Other tangible fixed assets | 26 | €2,950 | €2,950 | = | 0.0% |
| Financial fixed assets | 28 | €112,895 | €116,363 | +€3,468 | +3.1% |
| Current assets | 29/58 | €420,144 | €335,064 | -€85,080 | -20.3% |
| Amounts receivable after more than one year | 29 | €50,600 | €0 | -€50,600 | -100.0% |
| Other amounts receivable | 291 | €50,600 | €0 | -€50,600 | -100.0% |
| Amounts receivable within one year | 40/41 | €30,651 | €33,744 | +€3,094 | +10.1% |
| Trade receivables | 40 | €27,200 | €27,200 | = | 0.0% |
| Other amounts receivable | 41 | €3,451 | €6,544 | +€3,094 | +89.6% |
| Current investments | 50/53 | €264,615 | €189,075 | -€75,541 | -28.5% |
| Cash at bank and in hand | 54/58 | €73,992 | €109,915 | +€35,923 | +48.6% |
| Deferred charges and accrued income | 490/1 | €286 | €2,330 | +€2,043 | +714.1% |
| Total equity and liabilities | 10/49 | €593,235 | €531,183 | -€62,051 | -10.5% |
| Equity | 10/15 | €541,517 | €426,731 | -€114,786 | -21.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Revaluation surpluses | 12 | €20,354 | €20,354 | = | 0.0% |
| Reserves | 13 | €514,962 | €400,177 | -€114,786 | -22.3% |
| 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 | €513,102 | €398,317 | -€114,786 | -22.4% |
| Amounts payable | 17/49 | €51,718 | €104,452 | +€52,734 | +102.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €51,718 | €104,452 | +€52,734 | +102.0% |
| Trade debts | 44 | €1,147 | €4,950 | +€3,802 | +331.4% |
| Suppliers | 440/4 | €1,147 | €4,950 | +€3,802 | +331.4% |
| Taxes, remuneration and social security | 45 | €50,571 | €27,429 | -€23,142 | -45.8% |
| Taxes | 450/3 | €47,771 | €21,764 | -€26,007 | -54.4% |
| Remuneration and social security | 454/9 | €2,800 | €5,665 | +€2,865 | +102.3% |
| Other amounts payable | 47/48 | €0 | €72,074 | +€72,074 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,437 | €15,644 | -€793 | -4.8% |
| Other operating charges | 640/8 | €1,276 | €689 | -€587 | -46.0% |
| Gross operating margin | 9900 | €161,034 | €160,086 | -€948 | -0.6% |
| Operating profit (loss) | 9901 | €143,321 | €143,753 | +€432 | +0.3% |
| Financial income | 75/76B | €4,608 | €10,835 | +€6,227 | +135.1% |
| Recurring financial income | 75 | €4,608 | €10,835 | +€6,227 | +135.1% |
| Financial charges | 65/66B | €8,505 | €1,260 | -€7,245 | -85.2% |
| Recurring financial charges | 65 | €8,505 | €1,260 | -€7,245 | -85.2% |
| Profit (loss) for the period before taxes | 9903 | €139,424 | €153,328 | +€13,904 | +10.0% |
| Income taxes | 67/77 | €42,838 | €42,614 | -€224 | -0.5% |
| Profit (loss) for the period | 9904 | €96,586 | €110,714 | +€14,128 | +14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €96,586 | €110,714 | +€14,128 | +14.6% |
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 28 September 2026 via checked.be.