Pacifisc: 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.
Pacifisc
Largest movements
- Receivables within one year -€355,143
down €355,143 (-63.7%), from €557,662 to €202,519
of which Other amounts receivable: -€272,058
- Profit (loss) carried forward -€440,984
down €440,984 (-59.0%), from €747,924 to €306,939
- Other debts +€147,030
new in 2025: €147,030
- Trade debts -€120,578
down €120,578 (-85.0%), from €141,783 to €21,205
- Tax, wage and social debts +€83,080
up €83,080 (+184.7%), from €44,972 to €128,053
of which Taxes: +€57,686
- Debts after one year -€30,284
down €30,284 (-6.9%), from €438,101 to €407,816
- Gross operating margin +€134,011
up €134,011 (+26.1%), from €513,349 to €647,360
- Staff costs +€33,934
up €33,934 (+12.7%), from €266,782 to €300,716
- Depreciation +€29,773
up €29,773 (+138.4%), from €21,519 to €51,292
- Write-downs -€16,469
down €16,469 (-44.1%), from €37,373 to €20,905
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 | €1,422,936 | €1,061,787 | -€361,148 | -25.4% |
| Fixed assets | 21/28 | €677,328 | €665,088 | -€12,241 | -1.8% |
| Tangible fixed assets | 22/27 | €677,328 | €665,088 | -€12,241 | -1.8% |
| Land and buildings | 22 | €85,826 | €476,844 | +€391,018 | +455.6% |
| Plant, machinery and equipment | 23 | €2,432 | €6,906 | +€4,474 | +184.0% |
| Furniture and vehicles | 24 | €35,052 | €152,760 | +€117,707 | +335.8% |
| Other tangible fixed assets | 26 | €11,143 | €28,578 | +€17,435 | +156.5% |
| Assets under construction and advance payments | 27 | €542,875 | - | -€542,875 | |
| Current assets | 29/58 | €745,607 | €396,700 | -€348,908 | -46.8% |
| Amounts receivable within one year | 40/41 | €557,662 | €202,519 | -€355,143 | -63.7% |
| Trade receivables | 40 | €260,457 | €177,372 | -€83,085 | -31.9% |
| Other amounts receivable | 41 | €297,205 | €25,147 | -€272,058 | -91.5% |
| Cash at bank and in hand | 54/58 | €187,472 | €194,181 | +€6,710 | +3.6% |
| Deferred charges and accrued income | 490/1 | €474 | - | -€474 | |
| Total equity and liabilities | 10/49 | €1,422,936 | €1,061,787 | -€361,148 | -25.4% |
| Equity | 10/15 | €768,384 | €327,399 | -€440,984 | -57.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €747,924 | €306,939 | -€440,984 | -59.0% |
| Amounts payable | 17/49 | €654,552 | €734,388 | +€79,836 | +12.2% |
| Amounts payable after more than one year | 17 | €438,101 | €407,816 | -€30,284 | -6.9% |
| Financial debts | 170/4 | €438,101 | €407,816 | -€30,284 | -6.9% |
| Amounts payable within one year | 42/48 | €216,452 | €326,572 | +€110,120 | +50.9% |
| Current portion of amounts payable after more than one year | 42 | €29,697 | €30,284 | +€588 | +2.0% |
| Trade debts | 44 | €141,783 | €21,205 | -€120,578 | -85.0% |
| Suppliers | 440/4 | €141,783 | €21,205 | -€120,578 | -85.0% |
| Taxes, remuneration and social security | 45 | €44,972 | €128,053 | +€83,080 | +184.7% |
| Taxes | 450/3 | €15,597 | €73,283 | +€57,686 | +369.8% |
| Remuneration and social security | 454/9 | €29,375 | €54,770 | +€25,395 | +86.4% |
| Other amounts payable | 47/48 | - | €147,030 | +€147,030 | |
| Remuneration, social security and pensions | 62 | €266,782 | €300,716 | +€33,934 | +12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,519 | €51,292 | +€29,773 | +138.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €37,373 | €20,905 | -€16,469 | -44.1% |
| Other operating charges | 640/8 | €26,805 | €25,627 | -€1,178 | -4.4% |
| Non-recurring operating charges | 66A | €1,418 | - | -€1,418 | |
| Gross operating margin | 9900 | €513,349 | €647,360 | +€134,011 | +26.1% |
| Operating profit (loss) | 9901 | €159,452 | €248,821 | +€89,370 | +56.0% |
| Financial income | 75/76B | €1,810 | €894 | -€916 | -50.6% |
| Recurring financial income | 75 | €1,810 | €894 | -€916 | -50.6% |
| Financial charges | 65/66B | €10,314 | €10,819 | +€505 | +4.9% |
| Recurring financial charges | 65 | €10,314 | €10,819 | +€505 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | €150,948 | €238,897 | +€87,949 | +58.3% |
| Income taxes | 67/77 | €34,660 | €39,881 | +€5,221 | +15.1% |
| Profit (loss) for the period | 9904 | €116,288 | €199,016 | +€82,728 | +71.1% |
| Profit (loss) for the period to be appropriated | 9905 | €116,288 | €199,016 | +€82,728 | +71.1% |
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 11 October 2026 via checked.be.