PACOBIS: 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.
PACOBIS
Largest movements
- Receivables within one year +€21,209
up €21,209 (+19.9%), from €106,367 to €127,577
of which Other amounts receivable: +€14,057
- Tangible fixed assets +€18,092
up €18,092 (+3.0%), from €600,221 to €618,313
of which Furniture and vehicles: +€33,566
- Cash -€7,593
down €7,593 (-59.9%), from €12,671 to €5,079
mainly Investment in fixed assets (net) (-€57,362) and Debts after one year (-€27,422)
- Reserves +€82,815
up €82,815 (+26.7%), from €310,092 to €392,907
of which Distributable reserves: +€82,815
- Debts after one year -€27,422
down €27,422 (-20.7%), from €132,326 to €104,904
- Current portion of long-term debt -€19,772
down €19,772 (-27.8%), from €71,243 to €51,471
- Gross operating margin +€41,121
up €41,121 (+29.6%), from €138,957 to €180,078
- Taxes +€9,132
up €9,132 (+30.6%), from €29,866 to €38,998
- Depreciation +€7,234
up €7,234 (+22.6%), from €32,035 to €39,269
- Write-downs +€6,364
new in 2025: €6,364
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.
Cash bridge derived
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 | €727,026 | €759,082 | +€32,056 | +4.4% |
| Fixed assets | 21/28 | €600,964 | €619,057 | +€18,092 | +3.0% |
| Tangible fixed assets | 22/27 | €600,221 | €618,313 | +€18,092 | +3.0% |
| Plant, machinery and equipment | 23 | - | €745 | +€745 | |
| Furniture and vehicles | 24 | €5,400 | €38,966 | +€33,566 | +621.6% |
| Other tangible fixed assets | 26 | €594,821 | €578,602 | -€16,219 | -2.7% |
| Financial fixed assets | 28 | €744 | €744 | = | 0.0% |
| Current assets | 29/58 | €126,061 | €140,025 | +€13,964 | +11.1% |
| Amounts receivable within one year | 40/41 | €106,367 | €127,577 | +€21,209 | +19.9% |
| Trade receivables | 40 | €89,278 | €96,430 | +€7,152 | +8.0% |
| Other amounts receivable | 41 | €17,089 | €31,146 | +€14,057 | +82.3% |
| Cash at bank and in hand | 54/58 | €12,671 | €5,079 | -€7,593 | -59.9% |
| Deferred charges and accrued income | 490/1 | €7,023 | €7,370 | +€347 | +4.9% |
| Total equity and liabilities | 10/49 | €727,026 | €759,082 | +€32,056 | +4.4% |
| Equity | 10/15 | €464,564 | €547,379 | +€82,815 | +17.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €310,092 | €392,907 | +€82,815 | +26.7% |
| Non-distributable reserves | 130/1 | €11,685 | €11,685 | = | 0.0% |
| Legal reserve | 130 | €11,685 | €11,685 | = | 0.0% |
| Tax-exempt reserves | 132 | €248 | €248 | = | 0.0% |
| Distributable reserves | 133 | €298,159 | €380,974 | +€82,815 | +27.8% |
| Profit (loss) carried forward | 14 | €92,472 | €92,472 | = | 0.0% |
| Amounts payable | 17/49 | €262,462 | €211,703 | -€50,759 | -19.3% |
| Amounts payable after more than one year | 17 | €132,326 | €104,904 | -€27,422 | -20.7% |
| Financial debts | 170/4 | €132,326 | €104,904 | -€27,422 | -20.7% |
| Amounts payable within one year | 42/48 | €123,079 | €100,185 | -€22,895 | -18.6% |
| Current portion of amounts payable after more than one year | 42 | €71,243 | €51,471 | -€19,772 | -27.8% |
| Trade debts | 44 | €10,310 | €5,171 | -€5,138 | -49.8% |
| Suppliers | 440/4 | €10,310 | €5,171 | -€5,138 | -49.8% |
| Taxes, remuneration and social security | 45 | €41,527 | €43,543 | +€2,015 | +4.9% |
| Taxes | 450/3 | €41,527 | €43,543 | +€2,015 | +4.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €7,056 | €6,614 | -€442 | -6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,035 | €39,269 | +€7,234 | +22.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,364 | +€6,364 | |
| Other operating charges | 640/8 | €7,419 | €7,780 | +€361 | +4.9% |
| Gross operating margin | 9900 | €138,957 | €180,078 | +€41,121 | +29.6% |
| Operating profit (loss) | 9901 | €99,503 | €126,664 | +€27,162 | +27.3% |
| Financial income | 75/76B | €421 | €616 | +€195 | +46.5% |
| Recurring financial income | 75 | €421 | €616 | +€195 | +46.5% |
| Financial charges | 65/66B | €5,310 | €5,468 | +€158 | +3.0% |
| Recurring financial charges | 65 | €5,310 | €5,468 | +€158 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €94,613 | €121,813 | +€27,199 | +28.7% |
| Income taxes | 67/77 | €29,866 | €38,998 | +€9,132 | +30.6% |
| Profit (loss) for the period | 9904 | €64,747 | €82,815 | +€18,068 | +27.9% |
| Profit (loss) for the period to be appropriated | 9905 | €64,747 | €82,815 | +€18,068 | +27.9% |
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 10 October 2026 via checked.be.