PACT SOLUTIONS: 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.
What changed
PACT SOLUTIONS
NACE 90.393, Specialised image, lighting and sound technical services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€140,676
2024 · €208,310-€67,635
Equity
€1.3m
2024 · €1.2m+€90,676
Cash
€103,059
2024 · €436,739-€333,681
Balance sheet total
€2.4m
2024 · €2.8m-€400,972
Largest movements
Assets
- Cash -€333,681
down €333,681 (-76.4%), from €436,739 to €103,059
mainly Short-term financial debts (-€300,000) and Trade debts (-€153,351)
- Receivables within one year -€86,410
down €86,410 (-6.3%), from €1.4m to €1.3m
of which Trade receivables: -€91,021
Equity and liabilities
- Short-term financial debts -€300,000
no longer reported in 2025 (was €300,000)
- Trade debts -€153,351
down €153,351 (-20.6%), from €743,218 to €589,867
- Profit (loss) carried forward +€82,676
up €82,676 (+18.6%), from €445,251 to €527,927
- Other debts -€41,415
down €41,415 (-41.4%), from €100,000 to €58,585
Income statement
- Gross operating margin -€289,248
down €289,248 (-38.2%), from €756,367 to €467,119
- Write-downs -€253,293
down €253,293, from €186,797 to -€66,495
- Staff costs +€48,766
up €48,766 (+21.6%), from €225,311 to €274,077
- Taxes -€24,366
down €24,366 (-32.1%), from €75,896 to €51,530
- Depreciation +€9,209
up €9,209 (+24.0%), from €38,399 to €47,607
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
€208,310
Gross operating margin
-€289,248
Staff costs
-€48,766
Depreciation
-€9,209
Write-downs
+€253,293
Other operating charges
-€4,525
Financial income
+€306
Financial charges
+€6,148
Taxes
+€24,366
Result 2025
€140,676
raises the resultlowers the result
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.
From operations
+€57,911
Investment
-€55,342
Financing
-€336,249
Cash 2024
€436,739
From operations (derived)
+€57,911
Net result for the year
+€140,676
Depreciation
+€47,607
Stocks and contracts
+€1,432
Receivables within one year
+€86,410
Deferred charges and accrued income
-€12,816
Trade debts
-€153,351
Tax, wage and social debts
-€9,289
Other debts
-€41,415
Accrued charges and deferred income
-€1,344
Investment (derived)
-€55,342
Investment in fixed assets (net)
-€55,342
Financing
-€336,249
Debts after one year
+€872
Current portion of long-term debt
+€12,878
Short-term financial debts
-€300,000
Contributions, distributions and other
-€50,000
Cash 2025
€103,059
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,798,509 | €2,397,537 | -€400,972 | -14.3% |
| Fixed assets | 21/28 | €251,279 | €259,014 | +€7,735 | +3.1% |
| Tangible fixed assets | 22/27 | €240,764 | €248,499 | +€7,735 | +3.2% |
| Plant, machinery and equipment | 23 | €10,579 | €11,717 | +€1,137 | +10.8% |
| Furniture and vehicles | 24 | €107,456 | €125,307 | +€17,851 | +16.6% |
| Other tangible fixed assets | 26 | €122,728 | €111,475 | -€11,253 | -9.2% |
| Financial fixed assets | 28 | €10,515 | €10,515 | = | 0.0% |
| Current assets | 29/58 | €2,547,231 | €2,138,523 | -€408,707 | -16.0% |
| Stocks and contracts in progress | 3 | €684,233 | €682,800 | -€1,432 | -0.2% |
| Stocks | 30/36 | €684,233 | €682,800 | -€1,432 | -0.2% |
| Amounts receivable within one year | 40/41 | €1,380,594 | €1,294,184 | -€86,410 | -6.3% |
| Trade receivables | 40 | €1,379,518 | €1,288,497 | -€91,021 | -6.6% |
| Other amounts receivable | 41 | €1,076 | €5,687 | +€4,610 | +428% |
| Cash at bank and in hand | 54/58 | €436,739 | €103,059 | -€333,681 | -76.4% |
| Deferred charges and accrued income | 490/1 | €45,664 | €58,480 | +€12,816 | +28.1% |
| Total equity and liabilities | 10/49 | €2,798,509 | €2,397,537 | -€400,972 | -14.3% |
| Equity | 10/15 | €1,193,840 | €1,284,516 | +€90,676 | +7.6% |
| Contributions | 10/11 | €695,589 | €695,589 | = | 0.0% |
| Capital | 10 | €695,589 | €695,589 | = | 0.0% |
| Issued capital | 100 | €695,589 | €695,589 | = | 0.0% |
| Reserves | 13 | €53,000 | €61,000 | +€8,000 | +15.1% |
| Non-distributable reserves | 130/1 | €53,000 | €61,000 | +€8,000 | +15.1% |
| Legal reserve | 130 | €53,000 | €61,000 | +€8,000 | +15.1% |
| Profit (loss) carried forward | 14 | €445,251 | €527,927 | +€82,676 | +18.6% |
| Amounts payable | 17/49 | €1,604,669 | €1,113,021 | -€491,648 | -30.6% |
| Amounts payable after more than one year | 17 | €268,362 | €269,234 | +€872 | +0.3% |
| Financial debts | 170/4 | €268,362 | €269,234 | +€872 | +0.3% |
| Amounts payable within one year | 42/48 | €1,334,963 | €843,787 | -€491,176 | -36.8% |
| Current portion of amounts payable after more than one year | 42 | €9,777 | €22,656 | +€12,878 | +132% |
| Financial debts | 43 | €300,000 | - | -€300,000 | |
| Credit institutions | 430/8 | €300,000 | - | -€300,000 | |
| Trade debts | 44 | €743,218 | €589,867 | -€153,351 | -20.6% |
| Suppliers | 440/4 | €743,218 | €589,867 | -€153,351 | -20.6% |
| Taxes, remuneration and social security | 45 | €181,968 | €172,679 | -€9,289 | -5.1% |
| Taxes | 450/3 | €161,872 | €147,415 | -€14,457 | -8.9% |
| Remuneration and social security | 454/9 | €20,096 | €25,264 | +€5,168 | +25.7% |
| Other amounts payable | 47/48 | €100,000 | €58,585 | -€41,415 | -41.4% |
| Accrued charges and deferred income | 492/3 | €1,344 | - | -€1,344 | |
| Remuneration, social security and pensions | 62 | €225,311 | €274,077 | +€48,766 | +21.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,399 | €47,607 | +€9,209 | +24.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €186,797 | -€66,495 | -€253,293 | |
| Other operating charges | 640/8 | €2,084 | €6,609 | +€4,525 | +217% |
| Gross operating margin | 9900 | €756,367 | €467,119 | -€289,248 | -38.2% |
| Operating profit (loss) | 9901 | €303,776 | €205,322 | -€98,455 | -32.4% |
| Financial income | 75/76B | €199 | €505 | +€306 | +154% |
| Recurring financial income | 75 | €199 | €505 | +€306 | +154% |
| Financial charges | 65/66B | €19,769 | €13,621 | -€6,148 | -31.1% |
| Recurring financial charges | 65 | €19,711 | €13,621 | -€6,090 | -30.9% |
| Non-recurring financial charges | 66B | €58 | - | -€58 | |
| Profit (loss) for the period before taxes | 9903 | €284,206 | €192,206 | -€92,001 | -32.4% |
| Income taxes | 67/77 | €75,896 | €51,530 | -€24,366 | -32.1% |
| Profit (loss) for the period | 9904 | €208,310 | €140,676 | -€67,635 | -32.5% |
| Profit (loss) for the period to be appropriated | 9905 | €208,310 | €140,676 | -€67,635 | -32.5% |
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 13 October 2026 via checked.be.