PACOBEL: 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.
PACOBEL
Largest movements
- Cash +€45,973
up €45,973 (+309%), from €14,866 to €60,839
mainly Other debts (+€76,080) and Depreciation (+€33,356)
- Tangible fixed assets -€33,356
down €33,356 (-4.0%), from €829,989 to €796,634
of which Land and buildings: -€26,835
- Receivables within one year -€14,810
down €14,810 (-89.9%), from €16,476 to €1,666
of which Trade receivables: -€10,640
- Other debts +€76,080
up €76,080 (+9.3%), from €815,349 to €891,429
- Profit (loss) carried forward -€69,579
down €69,579 (-105%), from -€65,997 to -€135,576
- Trade debts -€8,817
down €8,817 (-73.4%), from €12,016 to €3,199
- Gross operating margin -€13,048
down €13,048 (-75.4%), from -€17,300 to -€30,348
- Other operating charges +€1,010
up €1,010 (+23.2%), from €4,350 to €5,360
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 | €862,799 | €859,381 | -€3,419 | -0.4% |
| Fixed assets | 21/28 | €829,989 | €796,634 | -€33,356 | -4.0% |
| Tangible fixed assets | 22/27 | €829,989 | €796,634 | -€33,356 | -4.0% |
| Land and buildings | 22 | €808,980 | €782,145 | -€26,835 | -3.3% |
| Furniture and vehicles | 24 | €21,010 | €14,489 | -€6,521 | -31.0% |
| Current assets | 29/58 | €32,810 | €62,747 | +€29,937 | +91.2% |
| Amounts receivable within one year | 40/41 | €16,476 | €1,666 | -€14,810 | -89.9% |
| Trade receivables | 40 | €11,083 | €444 | -€10,640 | -96.0% |
| Other amounts receivable | 41 | €5,393 | €1,223 | -€4,170 | -77.3% |
| Cash at bank and in hand | 54/58 | €14,866 | €60,839 | +€45,973 | +309% |
| Deferred charges and accrued income | 490/1 | €1,468 | €242 | -€1,226 | -83.5% |
| Total equity and liabilities | 10/49 | €862,799 | €859,381 | -€3,419 | -0.4% |
| Equity | 10/15 | €34,003 | -€35,576 | -€69,579 | |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,997 | -€135,576 | -€69,579 | -105% |
| Amounts payable | 17/49 | €828,796 | €894,956 | +€66,160 | +8.0% |
| Amounts payable within one year | 42/48 | €828,796 | €894,956 | +€66,160 | +8.0% |
| Trade debts | 44 | €12,016 | €3,199 | -€8,817 | -73.4% |
| Suppliers | 440/4 | €12,016 | €3,199 | -€8,817 | -73.4% |
| Taxes, remuneration and social security | 45 | €1,431 | €328 | -€1,103 | -77.1% |
| Taxes | 450/3 | €1,431 | €328 | -€1,103 | -77.1% |
| Other amounts payable | 47/48 | €815,349 | €891,429 | +€76,080 | +9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,356 | €33,356 | = | 0.0% |
| Other operating charges | 640/8 | €4,350 | €5,360 | +€1,010 | +23.2% |
| Gross operating margin | 9900 | -€17,300 | -€30,348 | -€13,048 | -75.4% |
| Operating profit (loss) | 9901 | -€55,005 | -€69,064 | -€14,059 | -25.6% |
| Financial charges | 65/66B | €336 | €353 | +€17 | +5.1% |
| Recurring financial charges | 65 | €336 | €353 | +€17 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | -€55,341 | -€69,417 | -€14,076 | -25.4% |
| Income taxes | 67/77 | €166 | €162 | -€4 | -2.5% |
| Profit (loss) for the period | 9904 | -€55,507 | -€69,579 | -€14,071 | -25.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€55,507 | -€69,579 | -€14,071 | -25.4% |
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 17 October 2026 via checked.be.