PACFIN: 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.
PACFIN
Largest movements
- Tangible fixed assets -€19,748
down €19,748 (-5.4%), from €366,092 to €346,343
of which Land and buildings: -€15,101
- Debts after one year -€58,798
down €58,798 (-39.3%), from €149,801 to €91,003
of which Other amounts payable: -€33,613
- Other debts +€37,315
up €37,315 (+109.0%), from €34,236 to €71,551
- Reserves +€10,000
up €10,000 (+26.0%), from €38,500 to €48,500
- Current portion of long-term debt -€6,357
down €6,357 (-20.2%), from €31,542 to €25,185
- Trade debts -€4,639
no longer reported in 2025 (was €4,639)
- Depreciation +€1,708
up €1,708 (+9.5%), from €18,040 to €19,748
- Gross operating margin +€1,081
up €1,081 (+2.3%), from €46,997 to €48,078
- Taxes +€861
up €861 (+19.1%), from €4,500 to €5,360
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 | €367,370 | €349,019 | -€18,351 | -5.0% |
| Fixed assets | 21/28 | €366,092 | €346,343 | -€19,748 | -5.4% |
| Tangible fixed assets | 22/27 | €366,092 | €346,343 | -€19,748 | -5.4% |
| Land and buildings | 22 | €332,585 | €317,484 | -€15,101 | -4.5% |
| Plant, machinery and equipment | 23 | €33,507 | €28,860 | -€4,647 | -13.9% |
| Current assets | 29/58 | €1,278 | €2,675 | +€1,398 | +109.4% |
| Cash at bank and in hand | 54/58 | €371 | €1,491 | +€1,120 | +302.1% |
| Deferred charges and accrued income | 490/1 | €907 | €1,184 | +€277 | +30.6% |
| Total equity and liabilities | 10/49 | €367,370 | €349,019 | -€18,351 | -5.0% |
| Equity | 10/15 | €142,652 | €153,420 | +€10,768 | +7.5% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €38,500 | €48,500 | +€10,000 | +26.0% |
| Distributable reserves | 133 | €38,500 | €48,500 | +€10,000 | +26.0% |
| Profit (loss) carried forward | 14 | €83,701 | €84,469 | +€768 | +0.9% |
| Amounts payable | 17/49 | €224,717 | €195,599 | -€29,118 | -13.0% |
| Amounts payable after more than one year | 17 | €149,801 | €91,003 | -€58,798 | -39.3% |
| Financial debts | 170/4 | €116,188 | €91,003 | -€25,185 | -21.7% |
| Other amounts payable | 178/9 | €33,613 | - | -€33,613 | |
| Amounts payable within one year | 42/48 | €74,916 | €104,596 | +€29,680 | +39.6% |
| Current portion of amounts payable after more than one year | 42 | €31,542 | €25,185 | -€6,357 | -20.2% |
| Trade debts | 44 | €4,639 | - | -€4,639 | |
| Suppliers | 440/4 | €4,639 | - | -€4,639 | |
| Taxes, remuneration and social security | 45 | €4,500 | €7,860 | +€3,360 | +74.7% |
| Taxes | 450/3 | €4,500 | €7,860 | +€3,360 | +74.7% |
| Other amounts payable | 47/48 | €34,236 | €71,551 | +€37,315 | +109.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,040 | €19,748 | +€1,708 | +9.5% |
| Other operating charges | 640/8 | €7,070 | €7,310 | +€240 | +3.4% |
| Gross operating margin | 9900 | €46,997 | €48,078 | +€1,081 | +2.3% |
| Operating profit (loss) | 9901 | €21,887 | €21,020 | -€867 | -4.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €4,932 | €4,892 | -€40 | -0.8% |
| Recurring financial charges | 65 | €4,932 | €4,892 | -€40 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | €16,955 | €16,128 | -€827 | -4.9% |
| Income taxes | 67/77 | €4,500 | €5,360 | +€861 | +19.1% |
| Profit (loss) for the period | 9904 | €12,455 | €10,768 | -€1,688 | -13.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,455 | €10,768 | -€1,688 | -13.5% |
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 1 October 2026 via checked.be.