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PACOBI: 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.

What changed

PACOBI

BE 0802.468.231
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€33,212
2024 · €200,990-€167,778
Equity
€684,202
2024 · €650,990+€33,212
Cash
€21,851
2024 · €687+€21,164
Balance sheet total
€1.8m
2024 · €1.8m-€44,527

Largest movements

2024 to 2025
Assets
  • Receivables within one year -€65,691

    down €65,691 (-66.2%), from €99,282 to €33,591

  • Cash +€21,164

    up €21,164 (+3079.5%), from €687 to €21,851

    mainly Receivables within one year (+€65,691) and Net result for the year (+€33,212)

Equity and liabilities
  • Debts after one year -€100,118

    down €100,118 (-10.1%), from €993,787 to €893,670

  • Profit (loss) carried forward +€33,212

    up €33,212 (+16.5%), from €200,990 to €234,202

  • Current portion of long-term debt +€32,164

    up €32,164 (+49.9%), from €64,395 to €96,559

Income statement
  • Financial income -€170,594

    down €170,594 (-68.0%), from €250,770 to €80,176

  • Financial charges -€4,700

    down €4,700 (-10.4%), from €45,316 to €40,616

  • Gross operating margin -€2,253

    down €2,253 (-63.2%), from -€3,567 to -€5,821

  • Other operating charges -€370

    down €370 (-41.2%), from €898 to €528

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €200,990
Gross operating margin -€2,253
Other operating charges +€370
Financial income -€170,594
Financial charges +€4,700
Result 2025 €33,212

Cash bridge derived

cash 2024 to 2025

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.

From operations +€89,118
Investment €0
Financing -€67,953
Cash 2024 €687
Net result for the year +€33,212
Receivables within one year +€65,691
Trade debts +€127
Other debts -€9,913
Debts after one year -€100,118
Current portion of long-term debt +€32,164
Cash 2025 €21,851
Every line side by side 29 lines
Line Code 2024 2025 Change %
Total assets 20/58 €1,813,310 €1,768,783 -€44,527 -2.5%
Fixed assets 21/28 €1,713,340 €1,713,340 = 0.0%
Financial fixed assets 28 €1,713,340 €1,713,340 = 0.0%
Current assets 29/58 €99,970 €55,443 -€44,527 -44.5%
Amounts receivable within one year 40/41 €99,282 €33,591 -€65,691 -66.2%
Other amounts receivable 41 €99,282 €33,591 -€65,691 -66.2%
Cash at bank and in hand 54/58 €687 €21,851 +€21,164 +3079.5%
Total equity and liabilities 10/49 €1,813,310 €1,768,783 -€44,527 -2.5%
Equity 10/15 €650,990 €684,202 +€33,212 +5.1%
Contributions 10/11 €450,000 €450,000 = 0.0%
Profit (loss) carried forward 14 €200,990 €234,202 +€33,212 +16.5%
Amounts payable 17/49 €1,162,320 €1,084,581 -€77,739 -6.7%
Amounts payable after more than one year 17 €993,787 €893,670 -€100,118 -10.1%
Financial debts 170/4 €993,787 €893,670 -€100,118 -10.1%
Amounts payable within one year 42/48 €168,533 €190,911 +€22,378 +13.3%
Current portion of amounts payable after more than one year 42 €64,395 €96,559 +€32,164 +49.9%
Trade debts 44 - €127 +€127
Suppliers 440/4 - €127 +€127
Other amounts payable 47/48 €104,138 €94,225 -€9,913 -9.5%
Other operating charges 640/8 €898 €528 -€370 -41.2%
Gross operating margin 9900 -€3,567 -€5,821 -€2,253 -63.2%
Operating profit (loss) 9901 -€4,465 -€6,349 -€1,883 -42.2%
Financial income 75/76B €250,770 €80,176 -€170,594 -68.0%
Recurring financial income 75 €250,770 €80,176 -€170,594 -68.0%
Financial charges 65/66B €45,316 €40,616 -€4,700 -10.4%
Recurring financial charges 65 €45,316 €40,616 -€4,700 -10.4%
Profit (loss) for the period before taxes 9903 €200,990 €33,212 -€167,778 -83.5%
Profit (loss) for the period 9904 €200,990 €33,212 -€167,778 -83.5%
Profit (loss) for the period to be appropriated 9905 €200,990 €33,212 -€167,778 -83.5%

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 30 September 2026 via checked.be.