PACOVIS: 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.
PACOVIS
Largest movements
- Receivables within one year +€9,871
up €9,871 (+28.1%), from €35,082 to €44,954
of which Other amounts receivable: +€6,503
- Profit (loss) carried forward +€11,256
up €11,256 (+42.1%), from €26,747 to €38,003
- Tax, wage and social debts -€1,857
down €1,857 (-37.2%), from €4,995 to €3,138
- Trade debts +€472
new in 2025: €472
- Gross operating margin -€5,052
down €5,052 (-24.3%), from €20,790 to €15,737
- Other operating charges -€1,668
no longer reported in 2025 (was €1,668)
- Taxes -€399
down €399 (-11.3%), from €3,537 to €3,138
- Financial charges -€264
down €264 (-16.4%), from €1,607 to €1,343
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 | €36,742 | €46,613 | +€9,871 | +26.9% |
| Current assets | 29/58 | €36,742 | €46,613 | +€9,871 | +26.9% |
| Amounts receivable within one year | 40/41 | €35,082 | €44,954 | +€9,871 | +28.1% |
| Trade receivables | 40 | €10,856 | €14,225 | +€3,368 | +31.0% |
| Other amounts receivable | 41 | €24,226 | €30,729 | +€6,503 | +26.8% |
| Cash at bank and in hand | 54/58 | €1,660 | €1,660 | = | 0.0% |
| Total equity and liabilities | 10/49 | €36,742 | €46,613 | +€9,871 | +26.9% |
| Equity | 10/15 | €31,747 | €43,003 | +€11,256 | +35.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,747 | €38,003 | +€11,256 | +42.1% |
| Amounts payable | 17/49 | €4,995 | €3,610 | -€1,385 | -27.7% |
| Amounts payable within one year | 42/48 | €4,995 | €3,610 | -€1,385 | -27.7% |
| Trade debts | 44 | - | €472 | +€472 | |
| Suppliers | 440/4 | - | €472 | +€472 | |
| Taxes, remuneration and social security | 45 | €4,995 | €3,138 | -€1,857 | -37.2% |
| Taxes | 450/3 | €4,995 | €3,138 | -€1,857 | -37.2% |
| Other operating charges | 640/8 | €1,668 | - | -€1,668 | |
| Gross operating margin | 9900 | €20,790 | €15,737 | -€5,052 | -24.3% |
| Operating profit (loss) | 9901 | €19,121 | €15,737 | -€3,384 | -17.7% |
| Financial charges | 65/66B | €1,607 | €1,343 | -€264 | -16.4% |
| Recurring financial charges | 65 | €1,607 | €1,343 | -€264 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €17,515 | €14,394 | -€3,120 | -17.8% |
| Income taxes | 67/77 | €3,537 | €3,138 | -€399 | -11.3% |
| Profit (loss) for the period | 9904 | €13,978 | €11,256 | -€2,722 | -19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €13,978 | €11,256 | -€2,722 | -19.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.