PACOME: 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.
PACOME
Largest movements
- Cash -€79,672
down €79,672 (-33.6%), from €237,422 to €157,750
mainly Contributions, distributions and other (-€325,724) and Tax, wage and social debts (-€32,464)
- Intangible fixed assets -€4,000
down €4,000 (-13.8%), from €29,000 to €25,000
- Receivables within one year -€3,855
down €3,855 (-8.0%), from €48,416 to €44,561
of which Trade receivables: -€5,957
- Profit (loss) carried forward -€255,298
no longer reported in 2025 (was €255,298)
- Other debts +€200,587
up €200,587 (+1302.4%), from €15,401 to €215,988
- Tax, wage and social debts -€32,464
down €32,464 (-76.0%), from €42,726 to €10,261
- Gross operating margin -€10,337
down €10,337 (-10.0%), from €103,443 to €93,106
- Taxes -€1,896
down €1,896 (-9.6%), from €19,795 to €17,899
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 | €315,488 | €227,815 | -€87,673 | -27.8% |
| Fixed assets | 21/28 | €29,172 | €25,000 | -€4,172 | -14.3% |
| Intangible fixed assets | 21 | €29,000 | €25,000 | -€4,000 | -13.8% |
| Tangible fixed assets | 22/27 | €172 | - | -€172 | |
| Furniture and vehicles | 24 | €172 | - | -€172 | |
| Current assets | 29/58 | €286,316 | €202,815 | -€83,501 | -29.2% |
| Amounts receivable within one year | 40/41 | €48,416 | €44,561 | -€3,855 | -8.0% |
| Trade receivables | 40 | €48,416 | €42,459 | -€5,957 | -12.3% |
| Other amounts receivable | 41 | - | €2,101 | +€2,101 | |
| Cash at bank and in hand | 54/58 | €237,422 | €157,750 | -€79,672 | -33.6% |
| Deferred charges and accrued income | 490/1 | €477 | €504 | +€27 | +5.6% |
| Total equity and liabilities | 10/49 | €315,488 | €227,815 | -€87,673 | -27.8% |
| Equity | 10/15 | €256,298 | €1,000 | -€255,298 | -99.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €255,298 | - | -€255,298 | |
| Amounts payable | 17/49 | €59,190 | €226,815 | +€167,625 | +283.2% |
| Amounts payable within one year | 42/48 | €59,190 | €226,815 | +€167,625 | +283.2% |
| Trade debts | 44 | €1,064 | €566 | -€498 | -46.8% |
| Suppliers | 440/4 | €1,064 | €566 | -€498 | -46.8% |
| Taxes, remuneration and social security | 45 | €42,726 | €10,261 | -€32,464 | -76.0% |
| Taxes | 450/3 | €42,726 | €10,261 | -€32,464 | -76.0% |
| Other amounts payable | 47/48 | €15,401 | €215,988 | +€200,587 | +1302.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,689 | €4,172 | -€517 | -11.0% |
| Other operating charges | 640/8 | €454 | €459 | +€5 | +1.1% |
| Gross operating margin | 9900 | €103,443 | €93,106 | -€10,337 | -10.0% |
| Operating profit (loss) | 9901 | €98,301 | €88,475 | -€9,826 | -10.0% |
| Financial charges | 65/66B | €143 | €150 | +€8 | +5.3% |
| Recurring financial charges | 65 | €143 | €150 | +€8 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €98,158 | €88,325 | -€9,834 | -10.0% |
| Income taxes | 67/77 | €19,795 | €17,899 | -€1,896 | -9.6% |
| Profit (loss) for the period | 9904 | €78,364 | €70,426 | -€7,938 | -10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €78,364 | €70,426 | -€7,938 | -10.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.