PACTI: 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.
PACTI
Largest movements
- Current investments -€100,000
down €100,000 (-53.1%), from €188,310 to €88,310
- Cash +€84,286
up €84,286 (+106.8%), from €78,900 to €163,185
mainly Current investments (+€100,000) and Net result for the year (+€68,063)
- Receivables within one year +€14,481
up €14,481 (+54.7%), from €26,486 to €40,967
of which Trade receivables: +€10,070
- Reserves +€32,411
up €32,411 (+13.8%), from €235,083 to €267,494
- Profit (loss) carried forward -€23,000
down €23,000 (-96.2%), from €23,905 to €905
- Other debts -€14,348
down €14,348 (-28.7%), from €50,000 to €35,652
- Taxes -€6,017
down €6,017 (-22.7%), from €26,466 to €20,449
- Financial income +€5,551
up €5,551 (+166.6%), from €3,331 to €8,882
- Write-downs +€5,500
new in 2025: €5,500
- Gross operating margin -€4,238
down €4,238 (-4.0%), from €106,699 to €102,461
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 | €320,284 | €314,727 | -€5,557 | -1.7% |
| Fixed assets | 21/28 | €24,568 | €21,733 | -€2,835 | -11.5% |
| Tangible fixed assets | 22/27 | €24,568 | €21,733 | -€2,835 | -11.5% |
| Furniture and vehicles | 24 | €24,568 | €21,733 | -€2,835 | -11.5% |
| Current assets | 29/58 | €295,716 | €292,994 | -€2,722 | -0.9% |
| Amounts receivable within one year | 40/41 | €26,486 | €40,967 | +€14,481 | +54.7% |
| Trade receivables | 40 | €26,441 | €36,511 | +€10,070 | +38.1% |
| Other amounts receivable | 41 | €45 | €4,456 | +€4,411 | +9766.6% |
| Current investments | 50/53 | €188,310 | €88,310 | -€100,000 | -53.1% |
| Cash at bank and in hand | 54/58 | €78,900 | €163,185 | +€84,286 | +106.8% |
| Deferred charges and accrued income | 490/1 | €2,021 | €533 | -€1,488 | -73.6% |
| Total equity and liabilities | 10/49 | €320,284 | €314,727 | -€5,557 | -1.7% |
| Equity | 10/15 | €263,988 | €273,399 | +€9,411 | +3.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €235,083 | €267,494 | +€32,411 | +13.8% |
| Distributable reserves | 133 | €235,083 | €267,494 | +€32,411 | +13.8% |
| Profit (loss) carried forward | 14 | €23,905 | €905 | -€23,000 | -96.2% |
| Amounts payable | 17/49 | €56,296 | €41,328 | -€14,968 | -26.6% |
| Amounts payable within one year | 42/48 | €56,296 | €41,328 | -€14,968 | -26.6% |
| Financial debts | 43 | €14 | €104 | +€89 | +616.7% |
| Credit institutions | 430/8 | €14 | €104 | +€89 | +616.7% |
| Trade debts | 44 | €1,339 | €813 | -€526 | -39.3% |
| Suppliers | 440/4 | €1,339 | €813 | -€526 | -39.3% |
| Taxes, remuneration and social security | 45 | €4,943 | €4,759 | -€183 | -3.7% |
| Taxes | 450/3 | €4,943 | €4,759 | -€183 | -3.7% |
| Other amounts payable | 47/48 | €50,000 | €35,652 | -€14,348 | -28.7% |
| Non-recurring operating income | 76A | - | €2,087 | +€2,087 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,244 | €15,212 | -€1,032 | -6.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,500 | +€5,500 | |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Non-recurring operating charges | 66A | - | €1,179 | +€1,179 | |
| Gross operating margin | 9900 | €106,699 | €102,461 | -€4,238 | -4.0% |
| Operating profit (loss) | 9901 | €90,455 | €80,171 | -€10,284 | -11.4% |
| Financial income | 75/76B | €3,331 | €8,882 | +€5,551 | +166.6% |
| Recurring financial income | 75 | €3,331 | €8,882 | +€5,551 | +166.6% |
| Financial charges | 65/66B | €798 | €541 | -€257 | -32.2% |
| Recurring financial charges | 65 | €798 | €541 | -€257 | -32.2% |
| Profit (loss) for the period before taxes | 9903 | €92,988 | €88,511 | -€4,477 | -4.8% |
| Income taxes | 67/77 | €26,466 | €20,449 | -€6,017 | -22.7% |
| Profit (loss) for the period | 9904 | €66,522 | €68,063 | +€1,541 | +2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €66,522 | €68,063 | +€1,541 | +2.3% |
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.