PACHECO: 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.
PACHECO
Largest movements
- Receivables within one year -€98,796
down €98,796 (-10.7%), from €922,468 to €823,672
of which Trade receivables: -€205,700
- Deferred charges and accrued income +€42,733
up €42,733 (+31.9%), from €133,990 to €176,722
- Stocks and contracts -€37,393
down €37,393 (-20.4%), from €183,511 to €146,118
- Cash +€24,348
up €24,348 (+155.4%), from €15,664 to €40,011
mainly Receivables within one year (+€98,796) and Stocks and contracts (+€37,393)
- Trade debts -€65,748
down €65,748 (-8.7%), from €755,744 to €689,997
- Other debts -€31,606
down €31,606 (-52.5%), from €60,207 to €28,601
- Profit (loss) carried forward +€17,991
up €17,991 (+14.0%), from -€128,912 to -€110,921
- Gross operating margin -€44,422
down €44,422 (-51.5%), from €86,272 to €41,850
- Financial charges -€6,304
down €6,304 (-64.3%), from €9,806 to €3,503
- Staff costs +€3,300
up €3,300 (+6.0%), from €54,697 to €57,997
- Financial income +€1,221
up €1,221 (+3.0%), from €41,023 to €42,244
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 | €1,259,533 | €1,190,424 | -€69,109 | -5.5% |
| Fixed assets | 21/28 | €3,901 | €3,901 | = | 0.0% |
| Financial fixed assets | 28 | €3,901 | €3,901 | = | 0.0% |
| Current assets | 29/58 | €1,255,632 | €1,186,524 | -€69,109 | -5.5% |
| Stocks and contracts in progress | 3 | €183,511 | €146,118 | -€37,393 | -20.4% |
| Stocks | 30/36 | €183,511 | €146,118 | -€37,393 | -20.4% |
| Amounts receivable within one year | 40/41 | €922,468 | €823,672 | -€98,796 | -10.7% |
| Trade receivables | 40 | €379,983 | €174,283 | -€205,700 | -54.1% |
| Other amounts receivable | 41 | €542,485 | €649,390 | +€106,904 | +19.7% |
| Cash at bank and in hand | 54/58 | €15,664 | €40,011 | +€24,348 | +155.4% |
| Deferred charges and accrued income | 490/1 | €133,990 | €176,722 | +€42,733 | +31.9% |
| Total equity and liabilities | 10/49 | €1,259,533 | €1,190,424 | -€69,109 | -5.5% |
| Equity | 10/15 | €429,096 | €447,087 | +€17,991 | +4.2% |
| Contributions | 10/11 | €558,008 | €558,008 | = | 0.0% |
| Capital | 10 | €558,008 | €558,008 | = | 0.0% |
| Issued capital | 100 | €558,008 | €558,008 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€128,912 | -€110,921 | +€17,991 | +14.0% |
| Amounts payable | 17/49 | €830,437 | €743,337 | -€87,099 | -10.5% |
| Amounts payable within one year | 42/48 | €822,665 | €733,862 | -€88,803 | -10.8% |
| Trade debts | 44 | €755,744 | €689,997 | -€65,748 | -8.7% |
| Suppliers | 440/4 | €755,744 | €689,997 | -€65,748 | -8.7% |
| Taxes, remuneration and social security | 45 | €6,714 | €15,265 | +€8,551 | +127.4% |
| Taxes | 450/3 | €0 | €9,035 | +€9,035 | +90348600.0% |
| Remuneration and social security | 454/9 | €6,714 | €6,230 | -€484 | -7.2% |
| Other amounts payable | 47/48 | €60,207 | €28,601 | -€31,606 | -52.5% |
| Accrued charges and deferred income | 492/3 | €7,772 | €9,475 | +€1,703 | +21.9% |
| Non-recurring operating income | 76A | €393 | €5,897 | +€5,504 | +1401.8% |
| Remuneration, social security and pensions | 62 | €54,697 | €57,997 | +€3,300 | +6.0% |
| Other operating charges | 640/8 | €1,218 | €1,248 | +€31 | +2.5% |
| Non-recurring operating charges | 66A | €1,132 | €3,356 | +€2,224 | +196.4% |
| Gross operating margin | 9900 | €86,272 | €41,850 | -€44,422 | -51.5% |
| Operating profit (loss) | 9901 | €29,226 | -€20,751 | -€49,976 | |
| Financial income | 75/76B | €41,023 | €42,244 | +€1,221 | +3.0% |
| Recurring financial income | 75 | €41,023 | €42,244 | +€1,221 | +3.0% |
| Financial charges | 65/66B | €9,806 | €3,503 | -€6,304 | -64.3% |
| Recurring financial charges | 65 | €9,806 | €3,503 | -€6,304 | -64.3% |
| Profit (loss) for the period before taxes | 9903 | €60,443 | €17,991 | -€42,452 | -70.2% |
| Profit (loss) for the period | 9904 | €60,443 | €17,991 | -€42,452 | -70.2% |
| Profit (loss) for the period to be appropriated | 9905 | €60,443 | €17,991 | -€42,452 | -70.2% |
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.