PACRE: 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.
PACRE
Largest movements
- Receivables after one year +€28,000
new in 2025: €28,000
- Cash -€13,631
down €13,631 (-62.3%), from €21,896 to €8,265
mainly Receivables after one year (-€28,000) and Contributions, distributions and other (-€10,000)
- Receivables within one year -€1,273
no longer reported in 2025 (was €1,273)
- Other debts +€10,000
new in 2025: €10,000
- Tax, wage and social debts +€2,215
up €2,215 (+214%), from €1,037 to €3,251
- Profit (loss) carried forward +€1,233
up €1,233 (+103%), from €1,197 to €2,430
- Trade debts -€422
down €422 (-90.8%), from €465 to €43
- Gross operating margin +€14,428
up €14,428 (+905%), from €1,594 to €16,022
- Taxes +€3,635
up €3,635 (+767%), from €474 to €4,109
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 | €23,589 | €36,734 | +€13,145 | +55.7% |
| Current assets | 29/58 | €23,589 | €36,734 | +€13,145 | +55.7% |
| Amounts receivable after more than one year | 29 | - | €28,000 | +€28,000 | |
| Other amounts receivable | 291 | - | €28,000 | +€28,000 | |
| Amounts receivable within one year | 40/41 | €1,273 | - | -€1,273 | |
| Other amounts receivable | 41 | €1,273 | - | -€1,273 | |
| Cash at bank and in hand | 54/58 | €21,896 | €8,265 | -€13,631 | -62.3% |
| Deferred charges and accrued income | 490/1 | €420 | €470 | +€50 | +11.8% |
| Total equity and liabilities | 10/49 | €23,589 | €36,734 | +€13,145 | +55.7% |
| Equity | 10/15 | €21,657 | €22,890 | +€1,233 | +5.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,197 | €2,430 | +€1,233 | +103% |
| Amounts payable | 17/49 | €1,932 | €13,844 | +€11,912 | +617% |
| Amounts payable after more than one year | 17 | €431 | €550 | +€119 | +27.7% |
| Financial debts | 170/4 | €431 | €550 | +€119 | +27.7% |
| Amounts payable within one year | 42/48 | €1,502 | €13,294 | +€11,793 | +785% |
| Trade debts | 44 | €465 | €43 | -€422 | -90.8% |
| Suppliers | 440/4 | €465 | €43 | -€422 | -90.8% |
| Taxes, remuneration and social security | 45 | €1,037 | €3,251 | +€2,215 | +214% |
| Taxes | 450/3 | €1,037 | €3,251 | +€2,215 | +214% |
| Other amounts payable | 47/48 | - | €10,000 | +€10,000 | |
| Other operating charges | 640/8 | €597 | €574 | -€23 | -3.8% |
| Gross operating margin | 9900 | €1,594 | €16,022 | +€14,428 | +905% |
| Operating profit (loss) | 9901 | €997 | €15,448 | +€14,451 | +1,449% |
| Financial charges | 65/66B | €70 | €106 | +€36 | +50.8% |
| Recurring financial charges | 65 | €70 | €106 | +€36 | +50.8% |
| Profit (loss) for the period before taxes | 9903 | €927 | €15,342 | +€14,415 | +1,555% |
| Income taxes | 67/77 | €474 | €4,109 | +€3,635 | +767% |
| Profit (loss) for the period | 9904 | €453 | €11,233 | +€10,781 | +2,380% |
| Profit (loss) for the period to be appropriated | 9905 | €453 | €11,233 | +€10,781 | +2,380% |
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 16 October 2026 via checked.be.