PACINO COMMUNICATIONS: 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.
PACINO COMMUNICATIONS
Largest movements
- Current investments -€218,068
down €218,068 (-38.3%), from €568,948 to €350,881
- Cash +€71,675
up €71,675 (+2,061%), from €3,477 to €75,152
mainly Current investments (+€218,068) and Net result for the year (+€73,825)
- Receivables within one year -€44,445
down €44,445 (-58.2%), from €76,362 to €31,916
of which Trade receivables: -€64,879
- Tangible fixed assets -€12,940
down €12,940 (-3.7%), from €350,503 to €337,563
of which Furniture and vehicles: -€6,828
- Other debts -€145,884
down €145,884 (-93.7%), from €155,731 to €9,847
- Reserves -€52,546
down €52,546 (-7.9%), from €667,102 to €614,556
of which Distributable reserves: -€52,546
- Financial income +€69,823
up €69,823 (+1,054%), from €6,624 to €76,447
of which Financial income: +€43,652
- Gross operating margin -€48,885
down €48,885 (-48.7%), from €100,474 to €51,589
- Taxes -€11,414
down €11,414 (-45.0%), from €25,337 to €13,924
- Depreciation +€2,052
up €2,052 (+6.3%), from €32,731 to €34,783
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 | €1,002,591 | €808,421 | -€194,171 | -19.4% |
| Fixed assets | 21/28 | €350,753 | €337,813 | -€12,940 | -3.7% |
| Tangible fixed assets | 22/27 | €350,503 | €337,563 | -€12,940 | -3.7% |
| Land and buildings | 22 | €143,111 | €138,366 | -€4,745 | -3.3% |
| Plant, machinery and equipment | 23 | €12,372 | €11,005 | -€1,368 | -11.1% |
| Furniture and vehicles | 24 | €40,020 | €33,192 | -€6,828 | -17.1% |
| Other tangible fixed assets | 26 | €155,000 | €155,000 | = | 0.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €651,838 | €470,608 | -€181,230 | -27.8% |
| Amounts receivable within one year | 40/41 | €76,362 | €31,916 | -€44,445 | -58.2% |
| Trade receivables | 40 | €75,656 | €10,776 | -€64,879 | -85.8% |
| Other amounts receivable | 41 | €706 | €21,140 | +€20,434 | +2,895% |
| Current investments | 50/53 | €568,948 | €350,881 | -€218,068 | -38.3% |
| Cash at bank and in hand | 54/58 | €3,477 | €75,152 | +€71,675 | +2,061% |
| Deferred charges and accrued income | 490/1 | €3,051 | €12,659 | +€9,608 | +315% |
| Total equity and liabilities | 10/49 | €1,002,591 | €808,421 | -€194,171 | -19.4% |
| Equity | 10/15 | €827,097 | €774,551 | -€52,546 | -6.4% |
| Contributions | 10/11 | €159,995 | €159,995 | = | 0.0% |
| Capital | 10 | €159,995 | €159,995 | = | 0.0% |
| Issued capital | 100 | €159,995 | €159,995 | = | 0.0% |
| Reserves | 13 | €667,102 | €614,556 | -€52,546 | -7.9% |
| Non-distributable reserves | 130/1 | €16,000 | €16,000 | = | 0.0% |
| Legal reserve | 130 | €16,000 | €16,000 | = | 0.0% |
| Distributable reserves | 133 | €651,103 | €598,556 | -€52,546 | -8.1% |
| Amounts payable | 17/49 | €175,494 | €33,870 | -€141,624 | -80.7% |
| Amounts payable within one year | 42/48 | €175,494 | €33,870 | -€141,624 | -80.7% |
| Financial debts | 43 | €2,517 | €1,761 | -€757 | -30.1% |
| Credit institutions | 430/8 | €2,517 | €1,761 | -€757 | -30.1% |
| Trade debts | 44 | €6,542 | €9,885 | +€3,343 | +51.1% |
| Suppliers | 440/4 | €6,542 | €9,885 | +€3,343 | +51.1% |
| Taxes, remuneration and social security | 45 | €10,703 | €12,376 | +€1,673 | +15.6% |
| Taxes | 450/3 | €10,703 | €12,376 | +€1,673 | +15.6% |
| Other amounts payable | 47/48 | €155,731 | €9,847 | -€145,884 | -93.7% |
| Non-recurring operating income | 76A | €8,000 | €460 | -€7,540 | -94.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,731 | €34,783 | +€2,052 | +6.3% |
| Other operating charges | 640/8 | €2,574 | €2,295 | -€278 | -10.8% |
| Gross operating margin | 9900 | €100,474 | €51,589 | -€48,885 | -48.7% |
| Operating profit (loss) | 9901 | €65,170 | €14,511 | -€50,659 | -77.7% |
| Financial income | 75/76B | €6,624 | €76,447 | +€69,823 | +1,054% |
| Recurring financial income | 75 | €6,624 | €50,276 | +€43,652 | +659% |
| Non-recurring financial income | 76B | - | €26,172 | +€26,172 | |
| Financial charges | 65/66B | €2,313 | €3,210 | +€897 | +38.8% |
| Recurring financial charges | 65 | €2,313 | €3,210 | +€897 | +38.8% |
| Profit (loss) for the period before taxes | 9903 | €69,481 | €87,748 | +€18,267 | +26.3% |
| Income taxes | 67/77 | €25,337 | €13,924 | -€11,414 | -45.0% |
| Profit (loss) for the period | 9904 | €44,143 | €73,825 | +€29,681 | +67.2% |
| Profit (loss) for the period to be appropriated | 9905 | €44,143 | €73,825 | +€29,681 | +67.2% |
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 25 October 2026 via checked.be.