PACTA VASTGOED: 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.
PACTA VASTGOED
Largest movements
- Cash -€85,676
no longer reported in 2025 (was €85,676)
mainly Current investments (-€76,609) and Receivables within one year (-€24,311)
- Current investments +€76,609
new in 2025: €76,609
- Receivables within one year +€24,311
up €24,311 (+152%), from €16,030 to €40,341
of which Trade receivables: +€17,539
- Tangible fixed assets -€3,646
down €3,646 (-12.8%), from €28,459 to €24,813
of which Other tangible fixed assets: -€13,339
- Other debts -€17,153
down €17,153 (-60.6%), from €28,284 to €11,131
- Tax, wage and social debts +€11,996
up €11,996 (+85.7%), from €14,005 to €26,002
of which Remuneration and social security: +€10,647
- Trade debts +€9,112
up €9,112 (+356%), from €2,556 to €11,668
- Profit (loss) carried forward +€8,295
up €8,295 (+11.1%), from €74,667 to €82,963
- Accrued charges and deferred income -€2,169
no longer reported in 2025 (was €2,169)
- Gross operating margin -€19,956
down €19,956 (-16.4%), from €121,736 to €101,780
- Staff costs -€15,245
down €15,245 (-16.2%), from €93,834 to €78,588
- Taxes +€3,403
up €3,403 (+1,726%), from €197 to €3,600
- Depreciation -€2,027
down €2,027 (-18.1%), from €11,197 to €9,170
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 | €131,682 | €141,764 | +€10,082 | +7.7% |
| Fixed assets | 21/28 | €29,137 | €24,813 | -€4,324 | -14.8% |
| Intangible fixed assets | 21 | €678 | - | -€678 | |
| Tangible fixed assets | 22/27 | €28,459 | €24,813 | -€3,646 | -12.8% |
| Plant, machinery and equipment | 23 | - | €4,513 | +€4,513 | |
| Furniture and vehicles | 24 | €15,120 | €20,300 | +€5,180 | +34.3% |
| Other tangible fixed assets | 26 | €13,339 | - | -€13,339 | |
| Current assets | 29/58 | €102,545 | €116,951 | +€14,406 | +14.0% |
| Amounts receivable within one year | 40/41 | €16,030 | €40,341 | +€24,311 | +152% |
| Trade receivables | 40 | €2,599 | €20,138 | +€17,539 | +675% |
| Other amounts receivable | 41 | €13,431 | €20,203 | +€6,772 | +50.4% |
| Current investments | 50/53 | - | €76,609 | +€76,609 | |
| Cash at bank and in hand | 54/58 | €85,676 | - | -€85,676 | |
| Deferred charges and accrued income | 490/1 | €839 | - | -€839 | |
| Total equity and liabilities | 10/49 | €131,682 | €141,764 | +€10,082 | +7.7% |
| Equity | 10/15 | €84,667 | €92,963 | +€8,295 | +9.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,667 | €82,963 | +€8,295 | +11.1% |
| Amounts payable | 17/49 | €47,015 | €48,801 | +€1,787 | +3.8% |
| Amounts payable within one year | 42/48 | €44,846 | €48,801 | +€3,956 | +8.8% |
| Trade debts | 44 | €2,556 | €11,668 | +€9,112 | +356% |
| Suppliers | 440/4 | €2,556 | €11,668 | +€9,112 | +356% |
| Taxes, remuneration and social security | 45 | €14,005 | €26,002 | +€11,996 | +85.7% |
| Taxes | 450/3 | €14,005 | €15,355 | +€1,350 | +9.6% |
| Remuneration and social security | 454/9 | - | €10,647 | +€10,647 | |
| Other amounts payable | 47/48 | €28,284 | €11,131 | -€17,153 | -60.6% |
| Accrued charges and deferred income | 492/3 | €2,169 | - | -€2,169 | |
| Remuneration, social security and pensions | 62 | €93,834 | €78,588 | -€15,245 | -16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,197 | €9,170 | -€2,027 | -18.1% |
| Other operating charges | 640/8 | €1,303 | €935 | -€368 | -28.2% |
| Gross operating margin | 9900 | €121,736 | €101,780 | -€19,956 | -16.4% |
| Operating profit (loss) | 9901 | €15,403 | €13,087 | -€2,316 | -15.0% |
| Financial income | 75/76B | €41 | €0 | -€40 | -99.6% |
| Recurring financial income | 75 | €41 | €0 | -€40 | -99.6% |
| Non-recurring financial income | 76B | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,331 | €1,192 | -€1,139 | -48.9% |
| Recurring financial charges | 65 | €2,331 | €1,020 | -€1,311 | -56.2% |
| Non-recurring financial charges | 66B | - | €171 | +€171 | |
| Profit (loss) for the period before taxes | 9903 | €13,112 | €11,895 | -€1,217 | -9.3% |
| Income taxes | 67/77 | €197 | €3,600 | +€3,403 | +1,726% |
| Profit (loss) for the period | 9904 | €12,915 | €8,295 | -€4,620 | -35.8% |
| Profit (loss) for the period to be appropriated | 9905 | €12,915 | €8,295 | -€4,620 | -35.8% |
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 24 October 2026 via checked.be.