PACRINA: 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.
What changed
PACRINA
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · €1.1m-€6,032
Equity
€3.9m
2024 · €3.8m+€54,038
Cash
€657,620
2024 · €126,565+€531,055
Balance sheet total
€4.9m
2024 · €4.9m-€25,498
Largest movements
Assets
- Cash +€531,055
up €531,055 (+419.6%), from €126,565 to €657,620
mainly Net result for the year (+€1.1m) and Current investments (+€500,000)
- Current investments -€500,000
no longer reported in 2025 (was €500,000)
Equity and liabilities
- Profit (loss) carried forward +€54,038
up €54,038 (+1.8%), from €3.1m to €3.1m
Income statement
- Turnover +€1.4m
new in 2025: €1.4m
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.
Result 2024
€1.1m
Gross operating margin
-€9,091
Other operating charges
-€2,073
Financial income
+€3,141
Financial charges
+€734
Taxes
+€1,257
Result 2025
€1.1m
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.
From operations
+€1.1m
Investment
+€500,000
Financing
-€1.1m
Cash 2024
€126,565
From operations (derived)
+€1.1m
Net result for the year
+€1.1m
Depreciation
+€39,353
Receivables within one year
+€17,200
Tax, wage and social debts
-€3,350
Investment (derived)
+€500,000
Current investments
+€500,000
Financing
-€1.1m
Debts after one year
-€38,375
Current portion of long-term debt
-€37,811
Contributions, distributions and other
-€1.0m
Cash 2025
€657,620
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,915,071 | €4,889,573 | -€25,498 | -0.5% |
| Fixed assets | 21/28 | €4,270,506 | €4,231,153 | -€39,353 | -0.9% |
| Tangible fixed assets | 22/27 | €4,234,506 | €4,195,153 | -€39,353 | -0.9% |
| Land and buildings | 22 | €4,234,506 | €4,195,153 | -€39,353 | -0.9% |
| Financial fixed assets | 28 | €36,000 | €36,000 | = | 0.0% |
| Current assets | 29/58 | €644,565 | €658,420 | +€13,855 | +2.1% |
| Amounts receivable within one year | 40/41 | €18,000 | €800 | -€17,200 | -95.6% |
| Trade receivables | 40 | - | €800 | +€800 | |
| Other amounts receivable | 41 | €18,000 | - | -€18,000 | |
| Current investments | 50/53 | €500,000 | - | -€500,000 | |
| Cash at bank and in hand | 54/58 | €126,565 | €657,620 | +€531,055 | +419.6% |
| Total equity and liabilities | 10/49 | €4,915,071 | €4,889,573 | -€25,498 | -0.5% |
| Equity | 10/15 | €3,797,161 | €3,851,198 | +€54,038 | +1.4% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Capital | 10 | €70,000 | €70,000 | = | 0.0% |
| Issued capital | 100 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €644,700 | €644,700 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,000 | €7,000 | = | 0.0% |
| Legal reserve | 130 | €7,000 | €7,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €105,250 | - | -€105,250 | |
| Distributable reserves | 133 | €532,450 | €637,700 | +€105,250 | +19.8% |
| Profit (loss) carried forward | 14 | €3,082,461 | €3,136,498 | +€54,038 | +1.8% |
| Amounts payable | 17/49 | €1,117,910 | €1,038,375 | -€79,535 | -7.1% |
| Amounts payable after more than one year | 17 | €38,375 | - | -€38,375 | |
| Financial debts | 170/4 | €38,375 | - | -€38,375 | |
| Amounts payable within one year | 42/48 | €1,079,535 | €1,038,375 | -€41,161 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | €76,185 | €38,375 | -€37,811 | -49.6% |
| Taxes, remuneration and social security | 45 | €3,350 | - | -€3,350 | |
| Taxes | 450/3 | €3,350 | - | -€3,350 | |
| Other amounts payable | 47/48 | €1,000,000 | €1,000,000 | = | 0.0% |
| Turnover | 70 | - | €1,445,835 | +€1.4m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €490 | +€490 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,353 | €39,353 | = | 0.0% |
| Other operating charges | 640/8 | €2,879 | €4,952 | +€2,073 | +72.0% |
| Gross operating margin | 9900 | €1,454,436 | €1,445,346 | -€9,091 | -0.6% |
| Operating profit (loss) | 9901 | €1,412,205 | €1,401,041 | -€11,164 | -0.8% |
| Financial income | 75/76B | €3,780 | €6,921 | +€3,141 | +83.1% |
| Recurring financial income | 75 | €3,780 | €6,921 | +€3,141 | +83.1% |
| Financial charges | 65/66B | €2,581 | €1,848 | -€734 | -28.4% |
| Recurring financial charges | 65 | €2,581 | €1,848 | -€734 | -28.4% |
| Profit (loss) for the period before taxes | 9903 | €1,413,404 | €1,406,115 | -€7,289 | -0.5% |
| Income taxes | 67/77 | €353,334 | €352,077 | -€1,257 | -0.4% |
| Profit (loss) for the period | 9904 | €1,060,070 | €1,054,038 | -€6,032 | -0.6% |
| Transfer from tax-exempt reserves | 789 | - | €105,250 | +€105,250 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,060,070 | €1,159,288 | +€99,218 | +9.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.