PACE MANAGEMENT COMPANY: 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.
PACE MANAGEMENT COMPANY
Largest movements
- Tangible fixed assets -€153,947
down €153,947 (-53.0%), from €290,265 to €136,318
of which Land and buildings: -€153,947
- Receivables within one year -€11,656
down €11,656 (-39.1%), from €29,840 to €18,183
of which Trade receivables: -€11,932
- Revaluation surpluses -€150,000
down €150,000 (-83.3%), from €180,000 to €30,000
- Debts after one year -€16,297
down €16,297 (-7.7%), from €212,247 to €195,950
of which Financial debts: -€14,057
- Gross operating margin +€2,814
up €2,814 (+56.7%), from €4,965 to €7,779
- Other operating charges +€985
up €985 (+450%), from €219 to €1,203
- Financial charges -€405
down €405 (-7.3%), from €5,571 to €5,166
- Financial income -€250
down €250 (-6.2%), from €4,025 to €3,775
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €443,447 | €278,750 | -€164,696 | -37.1% |
| Fixed assets | 21/28 | €324,676 | €170,729 | -€153,947 | -47.4% |
| Tangible fixed assets | 22/27 | €290,265 | €136,318 | -€153,947 | -53.0% |
| Land and buildings | 22 | €290,265 | €136,318 | -€153,947 | -53.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €34,411 | €34,411 | = | 0.0% |
| Current assets | 29/58 | €118,770 | €108,022 | -€10,749 | -9.1% |
| Amounts receivable after more than one year | 29 | €84,525 | €88,025 | +€3,500 | +4.1% |
| Trade receivables | 290 | €84,525 | €88,025 | +€3,500 | +4.1% |
| Amounts receivable within one year | 40/41 | €29,840 | €18,183 | -€11,656 | -39.1% |
| Trade receivables | 40 | €24,898 | €12,967 | -€11,932 | -47.9% |
| Other amounts receivable | 41 | €4,941 | €5,217 | +€275 | +5.6% |
| Cash at bank and in hand | 54/58 | €4,406 | €1,813 | -€2,593 | -58.8% |
| Total equity and liabilities | 10/49 | €443,447 | €278,750 | -€164,696 | -37.1% |
| Equity | 10/15 | €208,381 | €59,619 | -€148,762 | -71.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €180,000 | €30,000 | -€150,000 | -83.3% |
| Reserves | 13 | €16,135 | €16,135 | = | 0.0% |
| Distributable reserves | 133 | €16,135 | €16,135 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,353 | -€5,115 | +€1,238 | +19.5% |
| Amounts payable | 17/49 | €235,065 | €219,131 | -€15,934 | -6.8% |
| Amounts payable after more than one year | 17 | €212,247 | €195,950 | -€16,297 | -7.7% |
| Financial debts | 170/4 | €193,268 | €179,211 | -€14,057 | -7.3% |
| Other amounts payable | 178/9 | €18,979 | €16,739 | -€2,240 | -11.8% |
| Amounts payable within one year | 42/48 | €22,819 | €23,181 | +€363 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €13,669 | €13,930 | +€261 | +1.9% |
| Financial debts | 43 | - | €748 | +€748 | |
| Credit institutions | 430/8 | - | €748 | +€748 | |
| Trade debts | 44 | €5,270 | €4,163 | -€1,107 | -21.0% |
| Suppliers | 440/4 | €5,270 | €4,163 | -€1,107 | -21.0% |
| Taxes, remuneration and social security | 45 | €3,880 | €4,340 | +€460 | +11.9% |
| Taxes | 450/3 | €3,880 | €4,340 | +€460 | +11.9% |
| Other amounts payable | 47/48 | €1 | €1 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,961 | €3,947 | -€13 | -0.3% |
| Other operating charges | 640/8 | €219 | €1,203 | +€985 | +450% |
| Gross operating margin | 9900 | €4,965 | €7,779 | +€2,814 | +56.7% |
| Operating profit (loss) | 9901 | €786 | €2,629 | +€1,843 | +234% |
| Financial income | 75/76B | €4,025 | €3,775 | -€250 | -6.2% |
| Recurring financial income | 75 | €4,025 | €3,775 | -€250 | -6.2% |
| Financial charges | 65/66B | €5,571 | €5,166 | -€405 | -7.3% |
| Recurring financial charges | 65 | €5,571 | €5,166 | -€405 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | -€760 | €1,238 | +€1,998 | |
| Profit (loss) for the period | 9904 | -€760 | €1,238 | +€1,998 | |
| Profit (loss) for the period to be appropriated | 9905 | -€760 | €1,238 | +€1,998 |
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 30 October 2026 via checked.be.