PACTRACOM: 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.
PACTRACOM
Largest movements
- Receivables within one year -€65,590
down €65,590 (-71.0%), from €92,331 to €26,740
of which Other amounts receivable: -€48,760
- Tangible fixed assets -€28,534
down €28,534 (-9.4%), from €304,256 to €275,721
of which Land and buildings: -€17,909
- Cash +€20,075
up €20,075 (+104.8%), from €19,155 to €39,229
mainly Receivables within one year (+€65,590) and Depreciation (+€28,534)
- Reserves -€37,900
down €37,900 (-42.0%), from €90,240 to €52,340
of which Distributable reserves: -€37,900
- Debts after one year -€33,824
down €33,824 (-59.1%), from €57,241 to €23,417
- Gross operating margin -€20,488
down €20,488 (-36.2%), from €56,587 to €36,099
- Taxes -€5,193
down €5,193 (-75.4%), from €6,884 to €1,691
- Financial income +€2,028
up €2,028 (+178.5%), from €1,136 to €3,164
- Financial charges +€1,695
up €1,695 (+82.7%), from €2,050 to €3,744
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 | €418,664 | €348,074 | -€70,590 | -16.9% |
| Fixed assets | 21/28 | €304,256 | €275,721 | -€28,534 | -9.4% |
| Tangible fixed assets | 22/27 | €304,256 | €275,721 | -€28,534 | -9.4% |
| Land and buildings | 22 | €260,067 | €242,158 | -€17,909 | -6.9% |
| Plant, machinery and equipment | 23 | €31,810 | €27,460 | -€4,350 | -13.7% |
| Furniture and vehicles | 24 | €12,379 | €6,104 | -€6,275 | -50.7% |
| Current assets | 29/58 | €114,408 | €72,353 | -€42,056 | -36.8% |
| Stocks and contracts in progress | 3 | €2,923 | €4,413 | +€1,490 | +51.0% |
| Stocks | 30/36 | €2,923 | €4,413 | +€1,490 | +51.0% |
| Amounts receivable within one year | 40/41 | €92,331 | €26,740 | -€65,590 | -71.0% |
| Trade receivables | 40 | €36,567 | €19,737 | -€16,830 | -46.0% |
| Other amounts receivable | 41 | €55,763 | €7,003 | -€48,760 | -87.4% |
| Cash at bank and in hand | 54/58 | €19,155 | €39,229 | +€20,075 | +104.8% |
| Deferred charges and accrued income | 490/1 | - | €1,970 | +€1,970 | |
| Total equity and liabilities | 10/49 | €418,664 | €348,074 | -€70,590 | -16.9% |
| Equity | 10/15 | €324,738 | €289,377 | -€35,360 | -10.9% |
| Contributions | 10/11 | €179,000 | €179,000 | = | 0.0% |
| Capital | 10 | - | €179,000 | +€179,000 | |
| Issued capital | 100 | - | €179,000 | +€179,000 | |
| Outside capital | 11 | €179,000 | €0 | -€179,000 | -100.0% |
| Share premium | 1100/10 | €179,000 | €0 | -€179,000 | -100.0% |
| Reserves | 13 | €90,240 | €52,340 | -€37,900 | -42.0% |
| Non-distributable reserves | 130/1 | €17,900 | €17,900 | = | 0.0% |
| Legal reserve | 130 | €17,900 | €17,900 | = | 0.0% |
| Distributable reserves | 133 | €72,340 | €34,440 | -€37,900 | -52.4% |
| Profit (loss) carried forward | 14 | €55,498 | €58,037 | +€2,540 | +4.6% |
| Amounts payable | 17/49 | €93,926 | €58,697 | -€35,230 | -37.5% |
| Amounts payable after more than one year | 17 | €57,241 | €23,417 | -€33,824 | -59.1% |
| Financial debts | 170/4 | €57,241 | €23,417 | -€33,824 | -59.1% |
| Amounts payable within one year | 42/48 | €36,685 | €35,279 | -€1,406 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | €32,323 | €33,824 | +€1,501 | +4.6% |
| Trade debts | 44 | €1,270 | €1,371 | +€101 | +7.9% |
| Suppliers | 440/4 | €1,270 | €1,371 | +€101 | +7.9% |
| Taxes, remuneration and social security | 45 | €3,092 | €84 | -€3,008 | -97.3% |
| Taxes | 450/3 | €3,092 | €84 | -€3,008 | -97.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,481 | €28,534 | +€53 | +0.2% |
| Other operating charges | 640/8 | €2,548 | €2,753 | +€205 | +8.0% |
| Non-recurring operating charges | 66A | €1,321 | €0 | -€1,321 | -100.0% |
| Gross operating margin | 9900 | €56,587 | €36,099 | -€20,488 | -36.2% |
| Operating profit (loss) | 9901 | €24,237 | €4,811 | -€19,426 | -80.1% |
| Financial income | 75/76B | €1,136 | €3,164 | +€2,028 | +178.5% |
| Recurring financial income | 75 | €1,136 | €3,164 | +€2,028 | +178.5% |
| Financial charges | 65/66B | €2,050 | €3,744 | +€1,695 | +82.7% |
| Recurring financial charges | 65 | €2,050 | €3,744 | +€1,695 | +82.7% |
| Profit (loss) for the period before taxes | 9903 | €23,324 | €4,231 | -€19,093 | -81.9% |
| Income taxes | 67/77 | €6,884 | €1,691 | -€5,193 | -75.4% |
| Profit (loss) for the period | 9904 | €16,440 | €2,540 | -€13,900 | -84.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,440 | €2,540 | -€13,900 | -84.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.