PACOLET: 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.
PACOLET
Largest movements
- Cash -€15,081
down €15,081 (-57.4%), from €26,284 to €11,203
mainly Current portion of long-term debt (-€42,579) and Net result for the year (-€13,284)
- Receivables within one year +€11,572
up €11,572 (+247.9%), from €4,668 to €16,240
of which Trade receivables: +€11,578
- Deferred charges and accrued income -€2,225
down €2,225 (-13.3%), from €16,687 to €14,462
- Tangible fixed assets -€1,754
down €1,754 (-4.0%), from €44,276 to €42,522
of which Land and buildings: -€22,998
- Current portion of long-term debt -€42,579
down €42,579 (-70.2%), from €60,636 to €18,057
- Debts after one year +€36,446
up €36,446 (+1066.8%), from €3,417 to €39,863
- Profit (loss) carried forward -€13,284
down €13,284 (-14.5%), from -€91,549 to -€104,833
- Other debts +€8,376
up €8,376 (+13.9%), from €60,316 to €68,692
- Tax, wage and social debts -€4,375
down €4,375 (-18.2%), from €23,980 to €19,605
of which Taxes: -€6,635
- Gross operating margin +€21,964
up €21,964 (+19.3%), from €113,525 to €135,489
- Staff costs +€21,283
up €21,283 (+21.5%), from €98,820 to €120,102
- Depreciation +€1,527
up €1,527 (+11.6%), from €13,187 to €14,714
- Financial income -€1,435
down €1,435 (-98.8%), from €1,453 to €18
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 | €139,022 | €130,854 | -€8,168 | -5.9% |
| Fixed assets | 21/28 | €55,519 | €53,015 | -€2,504 | -4.5% |
| Intangible fixed assets | 21 | €2,250 | €1,500 | -€750 | -33.3% |
| Tangible fixed assets | 22/27 | €44,276 | €42,522 | -€1,754 | -4.0% |
| Land and buildings | 22 | €22,998 | - | -€22,998 | |
| Plant, machinery and equipment | 23 | - | €19,533 | +€19,533 | |
| Furniture and vehicles | 24 | €2,379 | €1,026 | -€1,354 | -56.9% |
| Leasing and similar rights | 25 | €4,999 | €10,098 | +€5,099 | +102.0% |
| Other tangible fixed assets | 26 | €13,900 | €11,866 | -€2,034 | -14.6% |
| Financial fixed assets | 28 | €8,993 | €8,993 | = | 0.0% |
| Current assets | 29/58 | €83,503 | €77,839 | -€5,664 | -6.8% |
| Stocks and contracts in progress | 3 | €35,864 | €35,935 | +€71 | +0.2% |
| Stocks | 30/36 | €35,864 | €35,935 | +€71 | +0.2% |
| Amounts receivable within one year | 40/41 | €4,668 | €16,240 | +€11,572 | +247.9% |
| Trade receivables | 40 | - | €11,578 | +€11,578 | |
| Other amounts receivable | 41 | €4,668 | €4,662 | -€6 | -0.1% |
| Cash at bank and in hand | 54/58 | €26,284 | €11,203 | -€15,081 | -57.4% |
| Deferred charges and accrued income | 490/1 | €16,687 | €14,462 | -€2,225 | -13.3% |
| Total equity and liabilities | 10/49 | €139,022 | €130,854 | -€8,168 | -5.9% |
| Equity | 10/15 | -€71,090 | -€84,374 | -€13,284 | -18.7% |
| Contributions | 10/11 | €20,459 | €20,459 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€91,549 | -€104,833 | -€13,284 | -14.5% |
| Amounts payable | 17/49 | €210,112 | €215,227 | +€5,116 | +2.4% |
| Amounts payable after more than one year | 17 | €3,417 | €39,863 | +€36,446 | +1066.8% |
| Financial debts | 170/4 | €3,417 | €39,863 | +€36,446 | +1066.8% |
| Amounts payable within one year | 42/48 | €206,695 | €175,185 | -€31,511 | -15.2% |
| Current portion of amounts payable after more than one year | 42 | €60,636 | €18,057 | -€42,579 | -70.2% |
| Financial debts | 43 | - | €2,979 | +€2,979 | |
| Credit institutions | 430/8 | - | €2,979 | +€2,979 | |
| Trade debts | 44 | €61,762 | €65,076 | +€3,314 | +5.4% |
| Suppliers | 440/4 | €61,762 | €65,076 | +€3,314 | +5.4% |
| Advances received on contracts in progress | 46 | - | €775 | +€775 | |
| Taxes, remuneration and social security | 45 | €23,980 | €19,605 | -€4,375 | -18.2% |
| Taxes | 450/3 | €6,635 | €0 | -€6,635 | -100.0% |
| Remuneration and social security | 454/9 | €17,345 | €19,605 | +€2,260 | +13.0% |
| Other amounts payable | 47/48 | €60,316 | €68,692 | +€8,376 | +13.9% |
| Accrued charges and deferred income | 492/3 | - | €180 | +€180 | |
| Non-recurring operating income | 76A | - | €1,242 | +€1,242 | |
| Remuneration, social security and pensions | 62 | €98,820 | €120,102 | +€21,283 | +21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,187 | €14,714 | +€1,527 | +11.6% |
| Other operating charges | 640/8 | €6,309 | €6,833 | +€524 | +8.3% |
| Gross operating margin | 9900 | €113,525 | €135,489 | +€21,964 | +19.3% |
| Operating profit (loss) | 9901 | -€4,790 | -€6,160 | -€1,370 | -28.6% |
| Financial income | 75/76B | €1,453 | €18 | -€1,435 | -98.8% |
| Recurring financial income | 75 | €1,453 | €18 | -€1,435 | -98.8% |
| Financial charges | 65/66B | €6,082 | €6,934 | +€853 | +14.0% |
| Recurring financial charges | 65 | €6,082 | €6,934 | +€853 | +14.0% |
| Profit (loss) for the period before taxes | 9903 | -€9,418 | -€13,077 | -€3,659 | -38.8% |
| Income taxes | 67/77 | €220 | €207 | -€13 | -6.1% |
| Profit (loss) for the period | 9904 | -€9,639 | -€13,284 | -€3,645 | -37.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,639 | -€13,284 | -€3,645 | -37.8% |
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 6 October 2026 via checked.be.