PACHATRANS: 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.
PACHATRANS
Largest movements
- Tangible fixed assets +€65,514
up €65,514 (+364%), from €17,987 to €83,501
of which Furniture and vehicles: +€69,227
- Current investments +€39,825
up €39,825 (+9.9%), from €401,402 to €441,227
- Cash -€21,652
down €21,652 (-42.4%), from €51,086 to €29,434
mainly Investment in fixed assets (net) (-€101,592) and Current investments (-€39,825)
- Receivables within one year -€17,888
down €17,888 (-57.0%), from €31,402 to €13,514
of which Trade receivables: -€17,659
- Deferred charges and accrued income +€6,645
up €6,645 (+100%), from €6,629 to €13,273
- Reserves +€73,877
up €73,877 (+17.8%), from €413,948 to €487,824
of which Distributable reserves: +€73,877
- Gross operating margin +€86,424
up €86,424 (+118%), from €73,125 to €159,550
- Depreciation +€23,020
up €23,020 (+176%), from €13,058 to €36,078
- Taxes +€18,823
up €18,823 (+110%), from €17,169 to €35,992
- Other operating charges +€2,555
up €2,555 (+24.7%), from €10,338 to €12,894
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 | €508,507 | €580,949 | +€72,443 | +14.2% |
| Fixed assets | 21/28 | €17,987 | €83,501 | +€65,514 | +364% |
| Tangible fixed assets | 22/27 | €17,987 | €83,501 | +€65,514 | +364% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €9,461 | €5,748 | -€3,714 | -39.3% |
| Furniture and vehicles | 24 | €8,526 | €77,753 | +€69,227 | +812% |
| Current assets | 29/58 | €490,519 | €497,448 | +€6,929 | +1.4% |
| Amounts receivable within one year | 40/41 | €31,402 | €13,514 | -€17,888 | -57.0% |
| Trade receivables | 40 | €31,138 | €13,479 | -€17,659 | -56.7% |
| Other amounts receivable | 41 | €264 | €35 | -€229 | -86.8% |
| Current investments | 50/53 | €401,402 | €441,227 | +€39,825 | +9.9% |
| Cash at bank and in hand | 54/58 | €51,086 | €29,434 | -€21,652 | -42.4% |
| Deferred charges and accrued income | 490/1 | €6,629 | €13,273 | +€6,645 | +100% |
| Total equity and liabilities | 10/49 | €508,507 | €580,949 | +€72,443 | +14.2% |
| Equity | 10/15 | €485,523 | €559,399 | +€73,877 | +15.2% |
| Contributions | 10/11 | €71,575 | €71,575 | = | 0.0% |
| Reserves | 13 | €413,948 | €487,824 | +€73,877 | +17.8% |
| Tax-exempt reserves | 132 | €76,340 | €76,340 | = | 0.0% |
| Distributable reserves | 133 | €337,607 | €411,484 | +€73,877 | +21.9% |
| Amounts payable | 17/49 | €22,984 | €21,550 | -€1,434 | -6.2% |
| Amounts payable within one year | 42/48 | €22,984 | €21,550 | -€1,434 | -6.2% |
| Financial debts | 43 | €1,249 | €937 | -€312 | -25.0% |
| Credit institutions | 430/8 | €1,249 | €937 | -€312 | -25.0% |
| Trade debts | 44 | €15,331 | €14,401 | -€930 | -6.1% |
| Suppliers | 440/4 | €15,331 | €14,401 | -€930 | -6.1% |
| Taxes, remuneration and social security | 45 | €3,920 | €3,522 | -€398 | -10.1% |
| Taxes | 450/3 | €3,920 | €3,522 | -€398 | -10.1% |
| Other amounts payable | 47/48 | €2,484 | €2,690 | +€206 | +8.3% |
| Non-recurring operating income | 76A | - | €75,000 | +€75,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,058 | €36,078 | +€23,020 | +176% |
| Other operating charges | 640/8 | €10,338 | €12,894 | +€2,555 | +24.7% |
| Non-recurring operating charges | 66A | - | €908 | +€908 | |
| Gross operating margin | 9900 | €73,125 | €159,550 | +€86,424 | +118% |
| Operating profit (loss) | 9901 | €49,729 | €109,669 | +€59,940 | +121% |
| Financial income | 75/76B | €2,020 | €2,318 | +€298 | +14.7% |
| Recurring financial income | 75 | €2,020 | €2,318 | +€298 | +14.7% |
| Financial charges | 65/66B | €930 | €453 | -€477 | -51.3% |
| Recurring financial charges | 65 | €488 | €453 | -€35 | -7.2% |
| Non-recurring financial charges | 66B | €442 | - | -€442 | |
| Profit (loss) for the period before taxes | 9903 | €50,820 | €111,535 | +€60,715 | +119% |
| Income taxes | 67/77 | €17,169 | €35,992 | +€18,823 | +110% |
| Profit (loss) for the period | 9904 | €33,651 | €75,543 | +€41,892 | +124% |
| Profit (loss) for the period to be appropriated | 9905 | €33,651 | €75,543 | +€41,892 | +124% |
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 19 October 2026 via checked.be.