Pacomare: 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.
Pacomare
Largest movements
- Financial fixed assets +€32,112
up €32,112 (+2.3%), from €1.4m to €1.4m
- Tangible fixed assets -€25,472
down €25,472 (-44.5%), from €57,193 to €31,721
- Receivables within one year +€17,041
up €17,041 (+186%), from €9,150 to €26,190
of which Trade receivables: +€21,780
No liability line moved by more than 1% of the balance sheet total.
- Depreciation -€21,881
down €21,881 (-46.2%), from €47,354 to €25,472
- Gross operating margin +€5,936
up €5,936 (+10.2%), from €58,394 to €64,330
- Taxes +€5,140
up €5,140 (+872%), from €590 to €5,729
- Staff costs +€1,617
up €1,617 (+10.8%), from €15,009 to €16,626
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 | €1,495,849 | €1,516,597 | +€20,748 | +1.4% |
| Fixed assets | 21/28 | €1,456,211 | €1,462,851 | +€6,640 | +0.5% |
| Tangible fixed assets | 22/27 | €57,193 | €31,721 | -€25,472 | -44.5% |
| Furniture and vehicles | 24 | €57,193 | €31,721 | -€25,472 | -44.5% |
| Financial fixed assets | 28 | €1,399,018 | €1,431,130 | +€32,112 | +2.3% |
| Current assets | 29/58 | €39,637 | €53,746 | +€14,108 | +35.6% |
| Amounts receivable within one year | 40/41 | €9,150 | €26,190 | +€17,041 | +186% |
| Trade receivables | 40 | - | €21,780 | +€21,780 | |
| Other amounts receivable | 41 | €9,150 | €4,410 | -€4,740 | -51.8% |
| Cash at bank and in hand | 54/58 | €28,585 | €25,154 | -€3,431 | -12.0% |
| Deferred charges and accrued income | 490/1 | €1,902 | €2,402 | +€499 | +26.2% |
| Total equity and liabilities | 10/49 | €1,495,849 | €1,516,597 | +€20,748 | +1.4% |
| Equity | 10/15 | €428,408 | €443,481 | +€15,073 | +3.5% |
| Contributions | 10/11 | €166,200 | €166,200 | = | 0.0% |
| Reserves | 13 | €265,180 | €277,280 | +€12,100 | +4.6% |
| Distributable reserves | 133 | €265,180 | €277,280 | +€12,100 | +4.6% |
| Profit (loss) carried forward | 14 | -€2,972 | €1 | +€2,973 | |
| Amounts payable | 17/49 | €1,067,441 | €1,073,116 | +€5,675 | +0.5% |
| Amounts payable after more than one year | 17 | €600,000 | €600,000 | = | 0.0% |
| Financial debts | 170/4 | €600,000 | €600,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €467,441 | €473,116 | +€5,675 | +1.2% |
| Trade debts | 44 | €87 | €967 | +€880 | +1,014% |
| Suppliers | 440/4 | €87 | €967 | +€880 | +1,014% |
| Taxes, remuneration and social security | 45 | €6,402 | €9,940 | +€3,538 | +55.3% |
| Taxes | 450/3 | €6,302 | €9,940 | +€3,638 | +57.7% |
| Remuneration and social security | 454/9 | €100 | €0 | -€100 | -100% |
| Other amounts payable | 47/48 | €460,953 | €462,209 | +€1,256 | +0.3% |
| Remuneration, social security and pensions | 62 | €15,009 | €16,626 | +€1,617 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,354 | €25,472 | -€21,881 | -46.2% |
| Other operating charges | 640/8 | €1,108 | €1,371 | +€263 | +23.8% |
| Gross operating margin | 9900 | €58,394 | €64,330 | +€5,936 | +10.2% |
| Operating profit (loss) | 9901 | -€5,076 | €20,860 | +€25,936 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €73 | €58 | -€15 | -20.4% |
| Recurring financial charges | 65 | €73 | €58 | -€15 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | -€5,149 | €20,802 | +€25,951 | |
| Income taxes | 67/77 | €590 | €5,729 | +€5,140 | +872% |
| Profit (loss) for the period | 9904 | -€5,738 | €15,073 | +€20,811 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,738 | €15,073 | +€20,811 |
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 20 October 2026 via checked.be.