PACHA: 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.
PACHA
Largest movements
- Cash -€50,340
down €50,340 (-75.1%), from €67,029 to €16,688
mainly Net result for the year (-€34,382) and Tax, wage and social debts (-€22,350)
- Tangible fixed assets -€24,877
down €24,877 (-20.7%), from €120,118 to €95,241
of which Furniture and vehicles: -€13,312
- Receivables within one year -€9,445
down €9,445 (-53.5%), from €17,660 to €8,215
of which Trade receivables: -€7,036
- Stocks and contracts -€8,100
down €8,100 (-14.0%), from €57,979 to €49,879
- Profit (loss) carried forward -€34,382
down €34,382 (-78.6%), from €43,757 to €9,376
- Tax, wage and social debts -€22,350
down €22,350 (-42.4%), from €52,714 to €30,364
of which Remuneration and social security: -€16,725
- Other debts -€15,571
down €15,571 (-23.4%), from €66,526 to €50,955
- Debts after one year -€9,772
down €9,772 (-31.9%), from €30,647 to €20,876
- Trade debts -€9,444
down €9,444 (-24.3%), from €38,918 to €29,474
- Gross operating margin -€46,877
down €46,877 (-18.7%), from €250,370 to €203,492
- Staff costs +€4,952
up €4,952 (+2.5%), from €196,487 to €201,439
- Depreciation +€2,525
up €2,525 (+10.1%), from €24,950 to €27,475
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 | €268,063 | €175,188 | -€92,876 | -34.6% |
| Fixed assets | 21/28 | €122,106 | €97,229 | -€24,877 | -20.4% |
| Tangible fixed assets | 22/27 | €120,118 | €95,241 | -€24,877 | -20.7% |
| Plant, machinery and equipment | 23 | €83,418 | €71,853 | -€11,565 | -13.9% |
| Furniture and vehicles | 24 | €36,701 | €23,388 | -€13,312 | -36.3% |
| Financial fixed assets | 28 | €1,988 | €1,988 | = | 0.0% |
| Current assets | 29/58 | €145,957 | €77,958 | -€67,999 | -46.6% |
| Stocks and contracts in progress | 3 | €57,979 | €49,879 | -€8,100 | -14.0% |
| Stocks | 30/36 | €57,979 | €49,879 | -€8,100 | -14.0% |
| Amounts receivable within one year | 40/41 | €17,660 | €8,215 | -€9,445 | -53.5% |
| Trade receivables | 40 | €11,141 | €4,105 | -€7,036 | -63.2% |
| Other amounts receivable | 41 | €6,519 | €4,110 | -€2,409 | -37.0% |
| Cash at bank and in hand | 54/58 | €67,029 | €16,688 | -€50,340 | -75.1% |
| Deferred charges and accrued income | 490/1 | €3,290 | €3,176 | -€114 | -3.5% |
| Total equity and liabilities | 10/49 | €268,063 | €175,188 | -€92,876 | -34.6% |
| Equity | 10/15 | €63,349 | €28,968 | -€34,382 | -54.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,000 | €1,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,000 | €1,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,757 | €9,376 | -€34,382 | -78.6% |
| Amounts payable | 17/49 | €204,714 | €146,220 | -€58,494 | -28.6% |
| Amounts payable after more than one year | 17 | €30,647 | €20,876 | -€9,772 | -31.9% |
| Financial debts | 170/4 | €30,647 | €20,876 | -€9,772 | -31.9% |
| Amounts payable within one year | 42/48 | €174,066 | €125,344 | -€48,722 | -28.0% |
| Current portion of amounts payable after more than one year | 42 | €15,908 | €14,550 | -€1,358 | -8.5% |
| Trade debts | 44 | €38,918 | €29,474 | -€9,444 | -24.3% |
| Suppliers | 440/4 | €38,918 | €29,474 | -€9,444 | -24.3% |
| Taxes, remuneration and social security | 45 | €52,714 | €30,364 | -€22,350 | -42.4% |
| Taxes | 450/3 | €22,695 | €17,069 | -€5,625 | -24.8% |
| Remuneration and social security | 454/9 | €30,019 | €13,295 | -€16,725 | -55.7% |
| Other amounts payable | 47/48 | €66,526 | €50,955 | -€15,571 | -23.4% |
| Remuneration, social security and pensions | 62 | €196,487 | €201,439 | +€4,952 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,950 | €27,475 | +€2,525 | +10.1% |
| Other operating charges | 640/8 | €710 | €727 | +€17 | +2.3% |
| Gross operating margin | 9900 | €250,370 | €203,492 | -€46,877 | -18.7% |
| Operating profit (loss) | 9901 | €28,223 | -€26,148 | -€54,371 | |
| Financial charges | 65/66B | €8,335 | €7,789 | -€546 | -6.5% |
| Recurring financial charges | 65 | €8,335 | €7,789 | -€546 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €19,888 | -€33,938 | -€53,826 | |
| Income taxes | 67/77 | €1,689 | €444 | -€1,245 | -73.7% |
| Profit (loss) for the period | 9904 | €18,199 | -€34,382 | -€52,580 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,199 | -€34,382 | -€52,580 |
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 7 October 2026 via checked.be.