PACIFIC: 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.
PACIFIC
Largest movements
- Receivables within one year -€55,853
down €55,853 (-58.4%), from €95,572 to €39,719
of which Trade receivables: -€63,865
- Tangible fixed assets -€30,779
down €30,779 (-6.4%), from €478,705 to €447,926
of which Furniture and vehicles: -€32,724
- Stocks and contracts +€24,187
up €24,187 (+61.2%), from €39,537 to €63,724
- Cash +€21,075
up €21,075 (+87.1%), from €24,186 to €45,261
mainly Receivables within one year (+€55,853) and Investment in fixed assets (net) (+€26,629)
- Tax, wage and social debts -€24,286
down €24,286 (-48.4%), from €50,209 to €25,923
of which Remuneration and social security: -€16,866
- Trade debts -€12,340
down €12,340 (-33.6%), from €36,738 to €24,398
- Debts after one year -€11,693
down €11,693 (-79.5%), from €14,709 to €3,016
- Gross operating margin -€154,089
down €154,089 (-51.9%), from €296,962 to €142,873
- Staff costs -€134,639
down €134,639 (-51.8%), from €260,122 to €125,483
- Depreciation -€14,890
down €14,890 (-66.4%), from €22,411 to €7,521
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 | €652,305 | €609,999 | -€42,306 | -6.5% |
| Fixed assets | 21/28 | €485,976 | €451,826 | -€34,150 | -7.0% |
| Intangible fixed assets | 21 | €307 | €0 | -€307 | -100% |
| Tangible fixed assets | 22/27 | €478,705 | €447,926 | -€30,779 | -6.4% |
| Land and buildings | 22 | €424,376 | €430,346 | +€5,970 | +1.4% |
| Plant, machinery and equipment | 23 | €20,378 | €16,353 | -€4,025 | -19.8% |
| Furniture and vehicles | 24 | €33,952 | €1,227 | -€32,724 | -96.4% |
| Financial fixed assets | 28 | €6,964 | €3,900 | -€3,064 | -44.0% |
| Current assets | 29/58 | €166,328 | €158,173 | -€8,156 | -4.9% |
| Stocks and contracts in progress | 3 | €39,537 | €63,724 | +€24,187 | +61.2% |
| Stocks | 30/36 | €39,537 | €63,724 | +€24,187 | +61.2% |
| Amounts receivable within one year | 40/41 | €95,572 | €39,719 | -€55,853 | -58.4% |
| Trade receivables | 40 | €95,572 | €31,707 | -€63,865 | -66.8% |
| Other amounts receivable | 41 | - | €8,012 | +€8,012 | |
| Cash at bank and in hand | 54/58 | €24,186 | €45,261 | +€21,075 | +87.1% |
| Deferred charges and accrued income | 490/1 | €7,033 | €9,469 | +€2,435 | +34.6% |
| Total equity and liabilities | 10/49 | €652,305 | €609,999 | -€42,306 | -6.5% |
| Equity | 10/15 | €517,288 | €518,483 | +€1,194 | +0.2% |
| Contributions | 10/11 | €420,000 | €420,000 | = | 0.0% |
| Capital | 10 | €420,000 | €420,000 | = | 0.0% |
| Issued capital | 100 | €420,000 | €420,000 | = | 0.0% |
| Reserves | 13 | €96,591 | €96,591 | = | 0.0% |
| Non-distributable reserves | 130/1 | €27,950 | €27,950 | = | 0.0% |
| Legal reserve | 130 | €27,950 | €27,950 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,609 | €14,609 | = | 0.0% |
| Distributable reserves | 133 | €54,032 | €54,032 | = | 0.0% |
| Profit (loss) carried forward | 14 | €697 | €1,892 | +€1,194 | +171% |
| Provisions and deferred taxes | 16 | €21,930 | €21,930 | = | 0.0% |
| Deferred taxes | 168 | €21,930 | €21,930 | = | 0.0% |
| Amounts payable | 17/49 | €113,086 | €69,586 | -€43,500 | -38.5% |
| Amounts payable after more than one year | 17 | €14,709 | €3,016 | -€11,693 | -79.5% |
| Financial debts | 170/4 | €14,709 | €3,016 | -€11,693 | -79.5% |
| Amounts payable within one year | 42/48 | €98,377 | €66,571 | -€31,807 | -32.3% |
| Current portion of amounts payable after more than one year | 42 | €11,124 | €11,693 | +€570 | +5.1% |
| Trade debts | 44 | €36,738 | €24,398 | -€12,340 | -33.6% |
| Suppliers | 440/4 | €36,738 | €24,398 | -€12,340 | -33.6% |
| Taxes, remuneration and social security | 45 | €50,209 | €25,923 | -€24,286 | -48.4% |
| Taxes | 450/3 | €24,572 | €17,151 | -€7,421 | -30.2% |
| Remuneration and social security | 454/9 | €25,637 | €8,771 | -€16,866 | -65.8% |
| Other amounts payable | 47/48 | €307 | €4,557 | +€4,250 | +1,386% |
| Remuneration, social security and pensions | 62 | €260,122 | €125,483 | -€134,639 | -51.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,411 | €7,521 | -€14,890 | -66.4% |
| Other operating charges | 640/8 | €9,595 | €6,633 | -€2,961 | -30.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €296,962 | €142,873 | -€154,089 | -51.9% |
| Operating profit (loss) | 9901 | €4,834 | €3,236 | -€1,598 | -33.1% |
| Financial income | 75/76B | €146 | €244 | +€98 | +66.7% |
| Recurring financial income | 75 | €146 | €244 | +€98 | +66.7% |
| Financial charges | 65/66B | €3,280 | €2,199 | -€1,081 | -33.0% |
| Recurring financial charges | 65 | €3,280 | €2,199 | -€1,081 | -33.0% |
| Profit (loss) for the period before taxes | 9903 | €1,700 | €1,281 | -€419 | -24.6% |
| Income taxes | 67/77 | €283 | €87 | -€196 | -69.3% |
| Profit (loss) for the period | 9904 | €1,417 | €1,194 | -€223 | -15.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,417 | €1,194 | -€223 | -15.7% |
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 20 October 2026 via checked.be.