PACIVE BELGIUM: 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.
PACIVE BELGIUM
Largest movements
- Tangible fixed assets -€4,543
down €4,543 (-53.6%), from €8,477 to €3,934
of which Furniture and vehicles: -€4,103
- Receivables within one year -€3,463
down €3,463 (-15.7%), from €22,102 to €18,639
of which Trade receivables: -€3,484
- Cash -€3,036
down €3,036 (-91.8%), from €3,309 to €273
mainly Net result for the year (-€16,013) and Debts after one year (-€2,360)
- Profit (loss) carried forward -€16,013
down €16,013 (-479%), from -€3,341 to -€19,354
- Tax, wage and social debts +€4,930
up €4,930 (+236%), from €2,088 to €7,018
of which Remuneration and social security: +€3,856
- Trade debts +€3,055
up €3,055 (+18.3%), from €16,697 to €19,751
- Debts after one year -€2,360
down €2,360 (-100%), from €2,360 to €0
- Current portion of long-term debt -€733
down €733 (-23.7%), from €3,093 to €2,360
- Turnover +€29,081
new in 2025: €29,081
- Purchases and services +€26,093
new in 2025: €26,093
- Staff costs -€11,351
down €11,351 (-47.0%), from €24,173 to €12,821
- Gross operating margin +€10,651
up €10,651, from -€7,127 to €3,524
- Other operating charges +€1,429
up €1,429 (+372%), from €384 to €1,814
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 | €40,997 | €29,876 | -€11,121 | -27.1% |
| Fixed assets | 21/28 | €8,477 | €3,934 | -€4,543 | -53.6% |
| Tangible fixed assets | 22/27 | €8,477 | €3,934 | -€4,543 | -53.6% |
| Plant, machinery and equipment | 23 | €1,627 | €1,187 | -€440 | -27.0% |
| Furniture and vehicles | 24 | €6,850 | €2,747 | -€4,103 | -59.9% |
| Current assets | 29/58 | €32,519 | €25,941 | -€6,578 | -20.2% |
| Stocks and contracts in progress | 3 | €6,836 | €6,836 | = | 0.0% |
| Stocks | 30/36 | €6,836 | €6,836 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €22,102 | €18,639 | -€3,463 | -15.7% |
| Trade receivables | 40 | €17,491 | €14,007 | -€3,484 | -19.9% |
| Other amounts receivable | 41 | €4,611 | €4,633 | +€21 | +0.5% |
| Cash at bank and in hand | 54/58 | €3,309 | €273 | -€3,036 | -91.8% |
| Deferred charges and accrued income | 490/1 | €272 | €193 | -€79 | -29.0% |
| Total equity and liabilities | 10/49 | €40,997 | €29,876 | -€11,121 | -27.1% |
| Equity | 10/15 | €16,759 | €746 | -€16,013 | -95.5% |
| Contributions | 10/11 | €20,100 | €20,100 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€3,341 | -€19,354 | -€16,013 | -479% |
| Amounts payable | 17/49 | €24,238 | €29,129 | +€4,892 | +20.2% |
| Amounts payable after more than one year | 17 | €2,360 | €0 | -€2,360 | -100% |
| Financial debts | 170/4 | €2,360 | €0 | -€2,360 | -100% |
| Amounts payable within one year | 42/48 | €21,878 | €29,129 | +€7,252 | +33.1% |
| Current portion of amounts payable after more than one year | 42 | €3,093 | €2,360 | -€733 | -23.7% |
| Trade debts | 44 | €16,697 | €19,751 | +€3,055 | +18.3% |
| Suppliers | 440/4 | €16,697 | €19,751 | +€3,055 | +18.3% |
| Taxes, remuneration and social security | 45 | €2,088 | €7,018 | +€4,930 | +236% |
| Taxes | 450/3 | €0 | €1,074 | +€1,074 | |
| Remuneration and social security | 454/9 | €2,088 | €5,945 | +€3,856 | +185% |
| Turnover | 70 | - | €29,081 | +€29,081 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €26,093 | +€26,093 | |
| Remuneration, social security and pensions | 62 | €24,173 | €12,821 | -€11,351 | -47.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,808 | €4,543 | -€265 | -5.5% |
| Other operating charges | 640/8 | €384 | €1,814 | +€1,429 | +372% |
| Gross operating margin | 9900 | -€7,127 | €3,524 | +€10,651 | |
| Operating profit (loss) | 9901 | -€36,492 | -€15,654 | +€20,838 | +57.1% |
| Financial income | 75/76B | €111 | - | -€111 | |
| Recurring financial income | 75 | €111 | - | -€111 | |
| Financial charges | 65/66B | €872 | €359 | -€513 | -58.9% |
| Recurring financial charges | 65 | €872 | €359 | -€513 | -58.9% |
| Profit (loss) for the period before taxes | 9903 | -€37,253 | -€16,013 | +€21,240 | +57.0% |
| Income taxes | 67/77 | €0 | €0 | = | |
| Profit (loss) for the period | 9904 | -€37,253 | -€16,013 | +€21,240 | +57.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,253 | -€16,013 | +€21,240 | +57.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.