PACO: 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.
PACO
Largest movements
- Cash -€1,255
down €1,255 (-92.1%), from €1,363 to €108
mainly Net result for the year (-€3,749) and Tax, wage and social debts (-€221)
- Receivables within one year -€765
down €765 (-42.0%), from €1,820 to €1,055
of which Trade receivables: -€1,536
- Profit (loss) carried forward -€3,749
down €3,749 (-1.9%), from -€198,067 to -€201,816
- Trade debts +€1,056
up €1,056 (+300.4%), from €352 to €1,408
- Other debts +€827
up €827 (+0.8%), from €109,940 to €110,767
- Gross operating margin +€1,675
up €1,675 (+41.4%), from -€4,049 to -€2,374
- Other operating charges +€164
up €164 (+14.4%), from €1,141 to €1,305
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €63,460 | €61,374 | -€2,086 | -3.3% |
| Fixed assets | 21/28 | €44,621 | €44,621 | = | 0.0% |
| Tangible fixed assets | 22/27 | €44,621 | €44,621 | = | 0.0% |
| Land and buildings | 22 | €44,621 | €44,621 | = | 0.0% |
| Current assets | 29/58 | €18,840 | €16,753 | -€2,086 | -11.1% |
| Stocks and contracts in progress | 3 | €15,150 | €15,063 | -€88 | -0.6% |
| Stocks | 30/36 | €15,150 | €15,063 | -€88 | -0.6% |
| Amounts receivable within one year | 40/41 | €1,820 | €1,055 | -€765 | -42.0% |
| Trade receivables | 40 | €1,536 | - | -€1,536 | |
| Other amounts receivable | 41 | €284 | €1,055 | +€772 | +271.9% |
| Cash at bank and in hand | 54/58 | €1,363 | €108 | -€1,255 | -92.1% |
| Deferred charges and accrued income | 490/1 | €506 | €527 | +€21 | +4.1% |
| Total equity and liabilities | 10/49 | €63,460 | €61,374 | -€2,086 | -3.3% |
| Equity | 10/15 | -€161,254 | -€165,004 | -€3,749 | -2.3% |
| Contributions | 10/11 | €33,466 | €33,466 | = | 0.0% |
| Reserves | 13 | €3,347 | €3,347 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,347 | €3,347 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,347 | €3,347 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€198,067 | -€201,816 | -€3,749 | -1.9% |
| Amounts payable | 17/49 | €224,715 | €226,378 | +€1,663 | +0.7% |
| Amounts payable within one year | 42/48 | €224,715 | €226,378 | +€1,663 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €114,018 | €114,018 | = | 0.0% |
| Trade debts | 44 | €352 | €1,408 | +€1,056 | +300.4% |
| Suppliers | 440/4 | €352 | €1,408 | +€1,056 | +300.4% |
| Taxes, remuneration and social security | 45 | €406 | €185 | -€221 | -54.4% |
| Taxes | 450/3 | €145 | €185 | +€40 | +27.4% |
| Remuneration and social security | 454/9 | €260 | - | -€260 | |
| Other amounts payable | 47/48 | €109,940 | €110,767 | +€827 | +0.8% |
| Other operating charges | 640/8 | €1,141 | €1,305 | +€164 | +14.4% |
| Gross operating margin | 9900 | -€4,049 | -€2,374 | +€1,675 | +41.4% |
| Operating profit (loss) | 9901 | -€5,190 | -€3,679 | +€1,511 | +29.1% |
| Financial charges | 65/66B | €71 | €70 | -€0 | -0.1% |
| Recurring financial charges | 65 | €71 | €70 | -€0 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | -€5,261 | -€3,749 | +€1,511 | +28.7% |
| Profit (loss) for the period | 9904 | -€5,261 | -€3,749 | +€1,511 | +28.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,261 | -€3,749 | +€1,511 | +28.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.