PachecoDvp: 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.
PachecoDvp
Largest movements
- Tangible fixed assets +€8.5m
up €8.5m (+14.8%), from €57.5m to €66.1m
of which Land and buildings: +€66.1m
- Cash -€779,548
down €779,548 (-69.2%), from €1.1m to €347,270
mainly Short-term financial debts (-€32.7m) and Investment in fixed assets (net) (-€9.7m)
- Short-term financial debts -€32.7m
no longer reported in 2025 (was €32.7m)
- Contributions +€31.8m
up €31.8m (+3184195924.0%), from €1 to €31.8m
- Debts after one year +€18.0m
up €18.0m (+87.8%), from €20.5m to €38.5m
of which Financial debts: +€38.5m
- Trade debts -€5.1m
down €5.1m (-93.7%), from €5.5m to €344,753
- Profit (loss) carried forward -€3.7m
down €3.7m (-1082.0%), from -€340,310 to -€4.0m
- Financial charges +€1.5m
up €1.5m (+25017219.4%), from €6 to €1.5m
- Write-downs +€1.3m
new in 2025: €1.3m
- Depreciation +€1.2m
new in 2025: €1.2m
- Gross operating margin +€933,868
up €933,868, from -€348,472 to €585,396
- Other operating charges +€362,336
new in 2025: €362,336
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 | €58,814,281 | €67,087,713 | +€8.3m | +14.1% |
| Fixed assets | 21/28 | €57,536,839 | €66,050,589 | +€8.5m | +14.8% |
| Tangible fixed assets | 22/27 | €57,536,839 | €66,050,589 | +€8.5m | +14.8% |
| Land and buildings | 22 | - | €66,050,589 | +€66.1m | |
| Assets under construction and advance payments | 27 | €57,536,839 | - | -€57.5m | |
| Current assets | 29/58 | €1,277,443 | €1,037,124 | -€240,319 | -18.8% |
| Amounts receivable within one year | 40/41 | €150,442 | €162,227 | +€11,786 | +7.8% |
| Trade receivables | 40 | €3,939 | €162,227 | +€158,289 | +4019.0% |
| Other amounts receivable | 41 | €146,503 | - | -€146,503 | |
| Current investments | 50/53 | - | €527,621 | +€527,621 | |
| Cash at bank and in hand | 54/58 | €1,126,818 | €347,270 | -€779,548 | -69.2% |
| Deferred charges and accrued income | 490/1 | €183 | €6 | -€177 | -96.7% |
| Total equity and liabilities | 10/49 | €58,814,281 | €67,087,713 | +€8.3m | +14.1% |
| Equity | 10/15 | -€340,309 | €27,819,387 | +€28.2m | |
| Contributions | 10/11 | €1 | €31,841,960 | +€31.8m | +3184195924.0% |
| Profit (loss) carried forward | 14 | -€340,310 | -€4,022,573 | -€3.7m | -1082.0% |
| Amounts payable | 17/49 | €59,154,590 | €39,268,325 | -€19.9m | -33.6% |
| Amounts payable after more than one year | 17 | €20,496,617 | €38,501,860 | +€18.0m | +87.8% |
| Financial debts | 170/4 | - | €38,500,000 | +€38.5m | |
| Other amounts payable | 178/9 | €20,496,617 | €1,860 | -€20.5m | -100.0% |
| Amounts payable within one year | 42/48 | €38,154,542 | €474,443 | -€37.7m | -98.8% |
| Financial debts | 43 | €32,700,000 | - | -€32.7m | |
| Other loans | 439 | €32,700,000 | - | -€32.7m | |
| Trade debts | 44 | €5,454,542 | €344,753 | -€5.1m | -93.7% |
| Suppliers | 440/4 | €5,454,542 | €344,753 | -€5.1m | -93.7% |
| Taxes, remuneration and social security | 45 | - | €129,690 | +€129,690 | |
| Taxes | 450/3 | - | €129,690 | +€129,690 | |
| Accrued charges and deferred income | 492/3 | €503,431 | €292,023 | -€211,409 | -42.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,178,330 | +€1.2m | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,285,602 | +€1.3m | |
| Other operating charges | 640/8 | - | €362,336 | +€362,336 | |
| Gross operating margin | 9900 | -€348,472 | €585,396 | +€933,868 | |
| Operating profit (loss) | 9901 | -€348,472 | -€2,240,872 | -€1.9m | -543.1% |
| Financial income | 75/76B | €10,927 | €20,787 | +€9,859 | +90.2% |
| Recurring financial income | 75 | €10,927 | €20,787 | +€9,859 | +90.2% |
| Financial charges | 65/66B | €6 | €1,456,008 | +€1.5m | +25017219.4% |
| Recurring financial charges | 65 | €6 | €1,456,008 | +€1.5m | +25017219.4% |
| Profit (loss) for the period before taxes | 9903 | -€337,551 | -€3,676,093 | -€3.3m | -989.0% |
| Income taxes | 67/77 | €2,759 | €6,170 | +€3,410 | +123.6% |
| Profit (loss) for the period | 9904 | -€340,310 | -€3,682,263 | -€3.3m | -982.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€340,310 | -€3,682,263 | -€3.3m | -982.0% |
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.