PACE INTERNATIONAL: 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 INTERNATIONAL
Largest movements
- Receivables within one year -€12,541
down €12,541 (-96.3%), from €13,025 to €484
of which Trade receivables: -€9,287
- Stocks and contracts +€3,200
up €3,200 (+3.1%), from €102,300 to €105,500
- Cash -€2,226
down €2,226 (-5.5%), from €40,384 to €38,158
mainly Net result for the year (-€5,267) and Other debts (-€4,321)
- Profit (loss) carried forward -€5,267
down €5,267 (-4.9%), from €108,502 to €103,235
- Other debts -€4,321
down €4,321 (-86.4%), from €5,000 to €679
- Tax, wage and social debts -€2,418
no longer reported in 2025 (was €2,418)
- Gross operating margin -€85,383
down €85,383, from €80,784 to -€4,599
- Taxes -€14,417
no longer reported in 2025 (was €14,417)
- Financial charges -€2,282
down €2,282 (-95.4%), from €2,391 to €109
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 | €156,960 | €144,959 | -€12,001 | -7.6% |
| Fixed assets | 21/28 | €1,251 | €817 | -€434 | -34.7% |
| Tangible fixed assets | 22/27 | €1,251 | €817 | -€434 | -34.7% |
| Furniture and vehicles | 24 | €1,251 | €817 | -€434 | -34.7% |
| Current assets | 29/58 | €155,709 | €144,142 | -€11,567 | -7.4% |
| Stocks and contracts in progress | 3 | €102,300 | €105,500 | +€3,200 | +3.1% |
| Stocks | 30/36 | €102,300 | €105,500 | +€3,200 | +3.1% |
| Amounts receivable within one year | 40/41 | €13,025 | €484 | -€12,541 | -96.3% |
| Trade receivables | 40 | €9,287 | - | -€9,287 | |
| Other amounts receivable | 41 | €3,738 | €484 | -€3,254 | -87.1% |
| Cash at bank and in hand | 54/58 | €40,384 | €38,158 | -€2,226 | -5.5% |
| Total equity and liabilities | 10/49 | €156,960 | €144,959 | -€12,001 | -7.6% |
| Equity | 10/15 | €149,422 | €144,155 | -€5,267 | -3.5% |
| Contributions | 10/11 | €37,200 | €37,200 | = | 0.0% |
| Reserves | 13 | €3,720 | €3,720 | = | 0.0% |
| Distributable reserves | 133 | €3,720 | €3,720 | = | 0.0% |
| Profit (loss) carried forward | 14 | €108,502 | €103,235 | -€5,267 | -4.9% |
| Amounts payable | 17/49 | €7,538 | €804 | -€6,734 | -89.3% |
| Amounts payable within one year | 42/48 | €7,538 | €804 | -€6,734 | -89.3% |
| Trade debts | 44 | €120 | €125 | +€5 | +4.2% |
| Suppliers | 440/4 | €120 | €125 | +€5 | +4.2% |
| Taxes, remuneration and social security | 45 | €2,418 | - | -€2,418 | |
| Taxes | 450/3 | €2,418 | - | -€2,418 | |
| Other amounts payable | 47/48 | €5,000 | €679 | -€4,321 | -86.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51 | €434 | +€383 | +751.0% |
| Other operating charges | 640/8 | €120 | €125 | +€5 | +4.2% |
| Gross operating margin | 9900 | €80,784 | -€4,599 | -€85,383 | |
| Operating profit (loss) | 9901 | €80,613 | -€5,158 | -€85,771 | |
| Financial charges | 65/66B | €2,391 | €109 | -€2,282 | -95.4% |
| Recurring financial charges | 65 | €2,391 | €109 | -€2,282 | -95.4% |
| Profit (loss) for the period before taxes | 9903 | €78,222 | -€5,267 | -€83,489 | |
| Income taxes | 67/77 | €14,417 | - | -€14,417 | |
| Profit (loss) for the period | 9904 | €63,805 | -€5,267 | -€69,072 | |
| Profit (loss) for the period to be appropriated | 9905 | €63,805 | -€5,267 | -€69,072 |
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 4 October 2026 via checked.be.