PACIMMO: 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.
PACIMMO
Largest movements
- Tangible fixed assets -€23,443
down €23,443 (-5.8%), from €404,927 to €381,484
- Cash -€6,578
down €6,578 (-4.8%), from €138,329 to €131,751
mainly Contributions, distributions and other (-€178,571) and Other debts (-€8,147)
- Profit (loss) carried forward -€160,030
down €160,030 (-92.5%), from €173,006 to €12,975
- Debts after one year +€68,687
up €68,687 (+76.6%), from €89,635 to €158,322
- Tax, wage and social debts +€53,571
new in 2025: €53,571
- Current portion of long-term debt +€21,139
up €21,139 (+85.5%), from €24,733 to €45,872
- Other debts -€8,147
down €8,147 (-7.2%), from €113,052 to €104,905
- Gross operating margin +€12,227
up €12,227 (+21.8%), from €56,004 to €68,232
- Financial charges +€9,667
up €9,667 (+345.1%), from €2,801 to €12,468
- Taxes -€1,918
down €1,918 (-24.0%), from €8,000 to €6,082
- Depreciation +€1,823
up €1,823 (+8.4%), from €21,620 to €23,443
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 | €546,077 | €515,932 | -€30,145 | -5.5% |
| Fixed assets | 21/28 | €405,299 | €381,856 | -€23,443 | -5.8% |
| Tangible fixed assets | 22/27 | €404,927 | €381,484 | -€23,443 | -5.8% |
| Land and buildings | 22 | €404,927 | €381,484 | -€23,443 | -5.8% |
| Financial fixed assets | 28 | €372 | €372 | = | 0.0% |
| Current assets | 29/58 | €140,778 | €134,076 | -€6,702 | -4.8% |
| Amounts receivable within one year | 40/41 | €85 | €85 | = | 0.0% |
| Other amounts receivable | 41 | €85 | €85 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €138,329 | €131,751 | -€6,578 | -4.8% |
| Deferred charges and accrued income | 490/1 | €2,364 | €2,240 | -€124 | -5.2% |
| Total equity and liabilities | 10/49 | €546,077 | €515,932 | -€30,145 | -5.5% |
| Equity | 10/15 | €310,656 | €150,625 | -€160,030 | -51.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €76,150 | €76,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €70,000 | €70,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €173,006 | €12,975 | -€160,030 | -92.5% |
| Amounts payable | 17/49 | €235,421 | €365,307 | +€129,886 | +55.2% |
| Amounts payable after more than one year | 17 | €89,635 | €158,322 | +€68,687 | +76.6% |
| Financial debts | 170/4 | €89,635 | €158,322 | +€68,687 | +76.6% |
| Amounts payable within one year | 42/48 | €145,786 | €206,985 | +€61,199 | +42.0% |
| Current portion of amounts payable after more than one year | 42 | €24,733 | €45,872 | +€21,139 | +85.5% |
| Trade debts | 44 | €8,001 | €2,636 | -€5,364 | -67.0% |
| Suppliers | 440/4 | €8,001 | €2,636 | -€5,364 | -67.0% |
| Taxes, remuneration and social security | 45 | - | €53,571 | +€53,571 | |
| Taxes | 450/3 | - | €53,571 | +€53,571 | |
| Other amounts payable | 47/48 | €113,052 | €104,905 | -€8,147 | -7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,620 | €23,443 | +€1,823 | +8.4% |
| Other operating charges | 640/8 | €8,347 | €8,609 | +€262 | +3.1% |
| Gross operating margin | 9900 | €56,004 | €68,232 | +€12,227 | +21.8% |
| Operating profit (loss) | 9901 | €26,037 | €36,180 | +€10,143 | +39.0% |
| Financial income | 75/76B | €1,091 | €911 | -€180 | -16.5% |
| Recurring financial income | 75 | €1,091 | €911 | -€180 | -16.5% |
| Financial charges | 65/66B | €2,801 | €12,468 | +€9,667 | +345.1% |
| Recurring financial charges | 65 | €2,801 | €12,468 | +€9,667 | +345.1% |
| Profit (loss) for the period before taxes | 9903 | €24,327 | €24,623 | +€296 | +1.2% |
| Income taxes | 67/77 | €8,000 | €6,082 | -€1,918 | -24.0% |
| Profit (loss) for the period | 9904 | €16,327 | €18,541 | +€2,214 | +13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,327 | €18,541 | +€2,214 | +13.6% |
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 28 September 2026 via checked.be.