PACI: 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.
PACI
Largest movements
- Tangible fixed assets +€23,660
up €23,660 (+221%), from €10,711 to €34,371
of which Furniture and vehicles: +€20,603
- Stocks and contracts +€6,124
up €6,124 (+16.5%), from €37,147 to €43,271
- Cash +€1,022
up €1,022 (+54.6%), from €1,871 to €2,893
mainly Other debts (+€41,664) and Depreciation (+€8,997)
- Other debts +€41,664
up €41,664 (+81.8%), from €50,911 to €92,575
- Profit (loss) carried forward -€13,558
down €13,558 (-1,252%), from -€1,083 to -€14,641
- Trade debts +€2,346
up €2,346 (+214%), from €1,097 to €3,443
- Tax, wage and social debts +€975
up €975 (+34.8%), from €2,803 to €3,777
of which Remuneration and social security: +€504
- Staff costs +€15,339
up €15,339 (+274%), from €5,604 to €20,943
- Depreciation +€6,712
up €6,712 (+294%), from €2,284 to €8,997
- Other operating charges +€3,398
up €3,398 (+172%), from €1,980 to €5,378
- Gross operating margin +€2,410
up €2,410 (+11.6%), from €20,779 to €23,189
- Financial charges +€726
up €726 (+103%), from €703 to €1,429
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 | €55,229 | €86,655 | +€31,426 | +56.9% |
| Fixed assets | 21/28 | €16,211 | €39,871 | +€23,660 | +146% |
| Tangible fixed assets | 22/27 | €10,711 | €34,371 | +€23,660 | +221% |
| Plant, machinery and equipment | 23 | €1,477 | €1,067 | -€410 | -27.8% |
| Furniture and vehicles | 24 | - | €20,603 | +€20,603 | |
| Other tangible fixed assets | 26 | €9,234 | €12,701 | +€3,466 | +37.5% |
| Financial fixed assets | 28 | €5,500 | €5,500 | = | 0.0% |
| Current assets | 29/58 | €39,017 | €46,784 | +€7,767 | +19.9% |
| Stocks and contracts in progress | 3 | €37,147 | €43,271 | +€6,124 | +16.5% |
| Stocks | 30/36 | €37,147 | €43,271 | +€6,124 | +16.5% |
| Cash at bank and in hand | 54/58 | €1,871 | €2,893 | +€1,022 | +54.6% |
| Deferred charges and accrued income | 490/1 | - | €621 | +€621 | |
| Total equity and liabilities | 10/49 | €55,229 | €86,655 | +€31,426 | +56.9% |
| Equity | 10/15 | €417 | -€13,141 | -€13,558 | |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,083 | -€14,641 | -€13,558 | -1,252% |
| Amounts payable | 17/49 | €54,811 | €99,796 | +€44,984 | +82.1% |
| Amounts payable within one year | 42/48 | €54,811 | €99,796 | +€44,984 | +82.1% |
| Trade debts | 44 | €1,097 | €3,443 | +€2,346 | +214% |
| Suppliers | 440/4 | €1,097 | €3,443 | +€2,346 | +214% |
| Taxes, remuneration and social security | 45 | €2,803 | €3,777 | +€975 | +34.8% |
| Taxes | 450/3 | €1,118 | €1,588 | +€471 | +42.1% |
| Remuneration and social security | 454/9 | €1,685 | €2,189 | +€504 | +29.9% |
| Other amounts payable | 47/48 | €50,911 | €92,575 | +€41,664 | +81.8% |
| Remuneration, social security and pensions | 62 | €5,604 | €20,943 | +€15,339 | +274% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,284 | €8,997 | +€6,712 | +294% |
| Other operating charges | 640/8 | €1,980 | €5,378 | +€3,398 | +172% |
| Gross operating margin | 9900 | €20,779 | €23,189 | +€2,410 | +11.6% |
| Operating profit (loss) | 9901 | €10,911 | -€12,129 | -€23,040 | |
| Financial charges | 65/66B | €703 | €1,429 | +€726 | +103% |
| Recurring financial charges | 65 | €703 | €1,429 | +€726 | +103% |
| Profit (loss) for the period before taxes | 9903 | €10,207 | -€13,558 | -€23,766 | |
| Income taxes | 67/77 | €128 | - | -€128 | |
| Profit (loss) for the period | 9904 | €10,079 | -€13,558 | -€23,638 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,079 | -€13,558 | -€23,638 |
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 15 October 2026 via checked.be.