PACS: 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.
PACS
Largest movements
- Cash +€36,035
up €36,035 (+350.8%), from €10,271 to €46,306
mainly Net result for the year (+€31,827) and Tax, wage and social debts (+€7,307)
- Deferred charges and accrued income +€2,006
new in 2025: €2,006
- Receivables within one year -€934
down €934 (-6.5%), from €14,450 to €13,516
of which Trade receivables: -€14,450
- Profit (loss) carried forward +€31,827
up €31,827 (+255.2%), from €12,470 to €44,297
- Tax, wage and social debts +€7,307
up €7,307 (+99.9%), from €7,313 to €14,620
- Other debts -€1,909
no longer reported in 2025 (was €1,909)
- Gross operating margin +€25,050
up €25,050 (+158.2%), from €15,836 to €40,886
- Taxes +€5,339
up €5,339 (+167.7%), from €3,184 to €8,523
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 | €25,092 | €62,073 | +€36,982 | +147.4% |
| Fixed assets | 21/28 | €370 | €245 | -€125 | -33.8% |
| Tangible fixed assets | 22/27 | €370 | €245 | -€125 | -33.8% |
| Plant, machinery and equipment | 23 | €370 | €245 | -€125 | -33.8% |
| Current assets | 29/58 | €24,722 | €61,828 | +€37,107 | +150.1% |
| Amounts receivable within one year | 40/41 | €14,450 | €13,516 | -€934 | -6.5% |
| Trade receivables | 40 | €14,450 | - | -€14,450 | |
| Other amounts receivable | 41 | - | €13,516 | +€13,516 | |
| Cash at bank and in hand | 54/58 | €10,271 | €46,306 | +€36,035 | +350.8% |
| Deferred charges and accrued income | 490/1 | - | €2,006 | +€2,006 | |
| Total equity and liabilities | 10/49 | €25,092 | €62,073 | +€36,982 | +147.4% |
| Equity | 10/15 | €15,470 | €47,297 | +€31,827 | +205.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,470 | €44,297 | +€31,827 | +255.2% |
| Amounts payable | 17/49 | €9,622 | €14,776 | +€5,154 | +53.6% |
| Amounts payable within one year | 42/48 | €9,622 | €14,776 | +€5,154 | +53.6% |
| Trade debts | 44 | €399 | €155 | -€244 | -61.1% |
| Suppliers | 440/4 | €399 | €155 | -€244 | -61.1% |
| Taxes, remuneration and social security | 45 | €7,313 | €14,620 | +€7,307 | +99.9% |
| Taxes | 450/3 | €7,313 | €14,620 | +€7,307 | +99.9% |
| Other amounts payable | 47/48 | €1,909 | - | -€1,909 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5 | €125 | +€120 | +2431.2% |
| Other operating charges | 640/8 | €150 | €345 | +€195 | +130.1% |
| Gross operating margin | 9900 | €15,836 | €40,886 | +€25,050 | +158.2% |
| Operating profit (loss) | 9901 | €15,681 | €40,416 | +€24,735 | +157.7% |
| Financial charges | 65/66B | €27 | €66 | +€39 | +145.0% |
| Recurring financial charges | 65 | €27 | €66 | +€39 | +145.0% |
| Profit (loss) for the period before taxes | 9903 | €15,654 | €40,350 | +€24,696 | +157.8% |
| Income taxes | 67/77 | €3,184 | €8,523 | +€5,339 | +167.7% |
| Profit (loss) for the period | 9904 | €12,470 | €31,827 | +€19,357 | +155.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,470 | €31,827 | +€19,357 | +155.2% |
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 1 October 2026 via checked.be.