PACEM: 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.
PACEM
Largest movements
- Cash +€1,500
up €1,500 (+61.8%), from €2,427 to €3,927
mainly Net result for the year (+€1,011) and Receivables within one year (+€202)
- Receivables within one year -€202
no longer reported in 2025 (was €202)
- Tangible fixed assets -€134
no longer reported in 2025 (was €134)
- Profit (loss) carried forward +€1,011
up €1,011 (+6.3%), from -€15,951 to -€14,940
- Tax, wage and social debts +€154
new in 2025: €154
- Gross operating margin +€1,945
up €1,945, from -€706 to €1,238
- Turnover +€1,051
up €1,051 (+107.4%), from €979 to €2,030
- Purchases and services -€893
down €893 (-53.0%), from €1,685 to €792
- Depreciation -€75
down €75 (-35.9%), from €208 to €134
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 | €3,368 | €4,533 | +€1,165 | +34.6% |
| Fixed assets | 21/28 | €134 | - | -€134 | |
| Tangible fixed assets | 22/27 | €134 | - | -€134 | |
| Leasing and similar rights | 25 | €134 | - | -€134 | |
| Current assets | 29/58 | €3,235 | €4,533 | +€1,298 | +40.1% |
| Stocks and contracts in progress | 3 | €606 | €606 | = | 0.0% |
| Stocks | 30/36 | €606 | €606 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €202 | - | -€202 | |
| Other amounts receivable | 41 | €202 | - | -€202 | |
| Cash at bank and in hand | 54/58 | €2,427 | €3,927 | +€1,500 | +61.8% |
| Total equity and liabilities | 10/49 | €3,368 | €4,533 | +€1,165 | +34.6% |
| Equity | 10/15 | €2,649 | €3,660 | +€1,011 | +38.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Profit (loss) carried forward | 14 | -€15,951 | -€14,940 | +€1,011 | +6.3% |
| Amounts payable | 17/49 | €719 | €872 | +€154 | +21.4% |
| Amounts payable within one year | 42/48 | €719 | €872 | +€154 | +21.4% |
| Taxes, remuneration and social security | 45 | - | €154 | +€154 | |
| Taxes | 450/3 | - | €154 | +€154 | |
| Other amounts payable | 47/48 | €719 | €719 | = | 0.0% |
| Turnover | 70 | €979 | €2,030 | +€1,051 | +107.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,685 | €792 | -€893 | -53.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €208 | €134 | -€75 | -35.9% |
| Gross operating margin | 9900 | -€706 | €1,238 | +€1,945 | |
| Operating profit (loss) | 9901 | -€914 | €1,105 | +€2,019 | |
| Financial charges | 65/66B | €97 | €94 | -€3 | -3.0% |
| Recurring financial charges | 65 | €97 | €94 | -€3 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,011 | €1,011 | +€2,022 | |
| Profit (loss) for the period | 9904 | -€1,011 | €1,011 | +€2,022 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,011 | €1,011 | +€2,022 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.