PACOMAS: 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.
PACOMAS
Largest movements
- Current investments +€25,647
up €25,647 (+10.9%), from €234,455 to €260,101
- Receivables within one year -€8,937
down €8,937 (-34.2%), from €26,151 to €17,214
of which Other amounts receivable: -€8,437
- Tangible fixed assets -€4,839
down €4,839 (-80.5%), from €6,009 to €1,170
- Reserves +€8,600
up €8,600 (+4.1%), from €210,960 to €219,560
- Other debts +€5,100
up €5,100 (+18.3%), from €27,900 to €33,000
- Gross operating margin -€7,845
down €7,845 (-11.8%), from €66,743 to €58,898
- Taxes -€2,112
down €2,112 (-10.7%), from €19,796 to €17,684
- Financial charges -€822
down €822 (-58.3%), from €1,410 to €588
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 | €315,158 | €328,824 | +€13,666 | +4.3% |
| Fixed assets | 21/28 | €6,053 | €1,214 | -€4,839 | -79.9% |
| Tangible fixed assets | 22/27 | €6,009 | €1,170 | -€4,839 | -80.5% |
| Furniture and vehicles | 24 | €6,009 | €1,170 | -€4,839 | -80.5% |
| Financial fixed assets | 28 | €44 | €44 | = | 0.0% |
| Current assets | 29/58 | €309,105 | €327,610 | +€18,505 | +6.0% |
| Amounts receivable within one year | 40/41 | €26,151 | €17,214 | -€8,937 | -34.2% |
| Trade receivables | 40 | €15,370 | €14,870 | -€500 | -3.3% |
| Other amounts receivable | 41 | €10,781 | €2,344 | -€8,437 | -78.3% |
| Current investments | 50/53 | €234,455 | €260,101 | +€25,647 | +10.9% |
| Cash at bank and in hand | 54/58 | €45,988 | €48,715 | +€2,727 | +5.9% |
| Deferred charges and accrued income | 490/1 | €2,512 | €1,580 | -€932 | -37.1% |
| Total equity and liabilities | 10/49 | €315,158 | €328,824 | +€13,666 | +4.3% |
| Equity | 10/15 | €272,388 | €281,035 | +€8,648 | +3.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €210,960 | €219,560 | +€8,600 | +4.1% |
| Distributable reserves | 133 | €210,960 | €219,560 | +€8,600 | +4.1% |
| Profit (loss) carried forward | 14 | €49,028 | €49,075 | +€48 | +0.1% |
| Amounts payable | 17/49 | €42,771 | €47,789 | +€5,018 | +11.7% |
| Amounts payable within one year | 42/48 | €42,771 | €47,789 | +€5,018 | +11.7% |
| Trade debts | 44 | €1,063 | €2,007 | +€945 | +88.9% |
| Suppliers | 440/4 | €1,063 | €2,007 | +€945 | +88.9% |
| Taxes, remuneration and social security | 45 | €13,808 | €12,782 | -€1,026 | -7.4% |
| Taxes | 450/3 | €13,808 | €12,782 | -€1,026 | -7.4% |
| Other amounts payable | 47/48 | €27,900 | €33,000 | +€5,100 | +18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,839 | €4,839 | = | 0.0% |
| Other operating charges | 640/8 | €840 | €865 | +€24 | +2.9% |
| Gross operating margin | 9900 | €66,743 | €58,898 | -€7,845 | -11.8% |
| Operating profit (loss) | 9901 | €61,063 | €53,194 | -€7,869 | -12.9% |
| Financial income | 75/76B | €6,356 | €6,725 | +€369 | +5.8% |
| Recurring financial income | 75 | €6,356 | €6,725 | +€369 | +5.8% |
| Financial charges | 65/66B | €1,410 | €588 | -€822 | -58.3% |
| Recurring financial charges | 65 | €1,410 | €588 | -€822 | -58.3% |
| Profit (loss) for the period before taxes | 9903 | €66,009 | €59,331 | -€6,678 | -10.1% |
| Income taxes | 67/77 | €19,796 | €17,684 | -€2,112 | -10.7% |
| Profit (loss) for the period | 9904 | €46,213 | €41,648 | -€4,565 | -9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €46,213 | €41,648 | -€4,565 | -9.9% |
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 22 October 2026 via checked.be.