PACHTERSBOS: 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.
PACHTERSBOS
Largest movements
- Cash -€108,604
down €108,604 (-71.5%), from €151,862 to €43,257
mainly Net result for the year (-€187,877) and Receivables within one year (-€43,192)
- Financial fixed assets -€49,301
down €49,301 (-20.1%), from €244,929 to €195,628
- Receivables within one year +€43,192
up €43,192 (+75.7%), from €57,040 to €100,232
of which Trade receivables: +€66,754
- Stocks and contracts -€24,838
down €24,838 (-22.0%), from €112,838 to €88,000
- Tangible fixed assets -€14,108
down €14,108 (-18.0%), from €78,478 to €64,370
- Profit (loss) carried forward -€187,877
new in 2025: -€187,877
- Trade debts +€32,185
up €32,185 (+158.5%), from €20,312 to €52,497
- Other debts +€6,575
up €6,575 (+28.7%), from €22,895 to €29,470
- Gross operating margin -€226,233
down €226,233, from €62,359 to -€163,874
- Taxes -€12,986
down €12,986 (-92.5%), from €14,043 to €1,057
- Other operating charges +€2,512
up €2,512 (+75.1%), from €3,345 to €5,857
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 | €649,656 | €496,377 | -€153,279 | -23.6% |
| Fixed assets | 21/28 | €323,406 | €259,998 | -€63,409 | -19.6% |
| Tangible fixed assets | 22/27 | €78,478 | €64,370 | -€14,108 | -18.0% |
| Land and buildings | 22 | €4,878 | €3,472 | -€1,406 | -28.8% |
| Plant, machinery and equipment | 23 | €16,228 | €10,201 | -€6,027 | -37.1% |
| Furniture and vehicles | 24 | €467 | €124 | -€342 | -73.3% |
| Other tangible fixed assets | 26 | €56,905 | €50,572 | -€6,333 | -11.1% |
| Financial fixed assets | 28 | €244,929 | €195,628 | -€49,301 | -20.1% |
| Current assets | 29/58 | €326,249 | €236,379 | -€89,871 | -27.5% |
| Stocks and contracts in progress | 3 | €112,838 | €88,000 | -€24,838 | -22.0% |
| Stocks | 30/36 | €112,838 | €88,000 | -€24,838 | -22.0% |
| Amounts receivable within one year | 40/41 | €57,040 | €100,232 | +€43,192 | +75.7% |
| Trade receivables | 40 | €12,428 | €79,182 | +€66,754 | +537.1% |
| Other amounts receivable | 41 | €44,611 | €21,050 | -€23,562 | -52.8% |
| Cash at bank and in hand | 54/58 | €151,862 | €43,257 | -€108,604 | -71.5% |
| Deferred charges and accrued income | 490/1 | €4,510 | €4,890 | +€380 | +8.4% |
| Total equity and liabilities | 10/49 | €649,656 | €496,377 | -€153,279 | -23.6% |
| Equity | 10/15 | €593,217 | €405,340 | -€187,877 | -31.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €587,017 | €587,017 | = | 0.0% |
| Distributable reserves | 133 | €587,017 | €587,017 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€187,877 | -€187,877 | |
| Amounts payable | 17/49 | €56,439 | €91,037 | +€34,598 | +61.3% |
| Amounts payable within one year | 42/48 | €56,439 | €91,037 | +€34,598 | +61.3% |
| Trade debts | 44 | €20,312 | €52,497 | +€32,185 | +158.5% |
| Suppliers | 440/4 | €20,312 | €52,497 | +€32,185 | +158.5% |
| Taxes, remuneration and social security | 45 | €13,232 | €9,070 | -€4,162 | -31.5% |
| Taxes | 450/3 | €13,232 | €9,070 | -€4,162 | -31.5% |
| Other amounts payable | 47/48 | €22,895 | €29,470 | +€6,575 | +28.7% |
| Non-recurring operating income | 76A | - | €8,980 | +€8,980 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,430 | €12,678 | +€249 | +2.0% |
| Other operating charges | 640/8 | €3,345 | €5,857 | +€2,512 | +75.1% |
| Non-recurring operating charges | 66A | €2,126 | €0 | -€2,126 | -100.0% |
| Gross operating margin | 9900 | €62,359 | -€163,874 | -€226,233 | |
| Operating profit (loss) | 9901 | €44,458 | -€182,409 | -€226,868 | |
| Financial income | 75/76B | €560 | €0 | -€560 | -100.0% |
| Recurring financial income | 75 | €560 | €0 | -€560 | -100.0% |
| Financial charges | 65/66B | €3,870 | €4,410 | +€540 | +14.0% |
| Recurring financial charges | 65 | €3,870 | €4,410 | +€540 | +14.0% |
| Profit (loss) for the period before taxes | 9903 | €41,148 | -€186,820 | -€227,968 | |
| Income taxes | 67/77 | €14,043 | €1,057 | -€12,986 | -92.5% |
| Profit (loss) for the period | 9904 | €27,104 | -€187,877 | -€214,982 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,104 | -€187,877 | -€214,982 |
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 10 October 2026 via checked.be.