PACURAR: 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.
PACURAR
Largest movements
- Receivables within one year -€18,781
down €18,781 (-50.5%), from €37,210 to €18,429
of which Trade receivables: -€9,968
- Tangible fixed assets -€6,524
down €6,524 (-35.4%), from €18,433 to €11,910
of which Furniture and vehicles: -€3,787
- Cash +€5,041
up €5,041 (+27.2%), from €18,548 to €23,588
mainly Receivables within one year (+€18,781) and Net result for the year (+€16,300)
- Deferred charges and accrued income -€1,662
down €1,662 (-54.1%), from €3,075 to €1,412
- Other debts -€9,908
down €9,908 (-29.2%), from €33,911 to €24,003
- Current portion of long-term debt -€6,077
no longer reported in 2025 (was €6,077)
- Trade debts -€3,319
down €3,319 (-28.8%), from €11,515 to €8,196
- Tax, wage and social debts -€2,423
down €2,423 (-19.1%), from €12,665 to €10,243
of which Taxes: -€2,423
- Gross operating margin -€23,119
down €23,119 (-40.9%), from €56,576 to €33,457
- Taxes -€6,701
down €6,701 (-53.9%), from €12,433 to €5,732
- Depreciation -€5,866
down €5,866 (-59.9%), from €9,801 to €3,935
- Write-downs +€3,240
no longer reported in 2025 (was -€3,240)
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 | €79,205 | €57,279 | -€21,926 | -27.7% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €20,373 | €13,850 | -€6,524 | -32.0% |
| Tangible fixed assets | 22/27 | €18,433 | €11,910 | -€6,524 | -35.4% |
| Land and buildings | 22 | €10,258 | €8,484 | -€1,774 | -17.3% |
| Plant, machinery and equipment | 23 | €1,550 | €587 | -€962 | -62.1% |
| Furniture and vehicles | 24 | €6,626 | €2,839 | -€3,787 | -57.2% |
| Financial fixed assets | 28 | €1,940 | €1,940 | = | 0.0% |
| Current assets | 29/58 | €58,832 | €43,429 | -€15,403 | -26.2% |
| Amounts receivable within one year | 40/41 | €37,210 | €18,429 | -€18,781 | -50.5% |
| Trade receivables | 40 | €24,628 | €14,660 | -€9,968 | -40.5% |
| Other amounts receivable | 41 | €12,582 | €3,768 | -€8,814 | -70.0% |
| Cash at bank and in hand | 54/58 | €18,548 | €23,588 | +€5,041 | +27.2% |
| Deferred charges and accrued income | 490/1 | €3,075 | €1,412 | -€1,662 | -54.1% |
| Total equity and liabilities | 10/49 | €79,205 | €57,279 | -€21,926 | -27.7% |
| Equity | 10/15 | €15,037 | €14,837 | -€200 | -1.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €777 | €577 | -€200 | -25.7% |
| Amounts payable | 17/49 | €64,168 | €42,442 | -€21,726 | -33.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €64,168 | €42,442 | -€21,726 | -33.9% |
| Current portion of amounts payable after more than one year | 42 | €6,077 | - | -€6,077 | |
| Trade debts | 44 | €11,515 | €8,196 | -€3,319 | -28.8% |
| Suppliers | 440/4 | €11,515 | €8,196 | -€3,319 | -28.8% |
| Taxes, remuneration and social security | 45 | €12,665 | €10,243 | -€2,423 | -19.1% |
| Taxes | 450/3 | €12,665 | €10,243 | -€2,423 | -19.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €33,911 | €24,003 | -€9,908 | -29.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,801 | €3,935 | -€5,866 | -59.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,240 | - | +€3,240 | |
| Other operating charges | 640/8 | €627 | €958 | +€331 | +52.9% |
| Non-recurring operating charges | 66A | - | €5,972 | +€5,972 | |
| Gross operating margin | 9900 | €56,576 | €33,457 | -€23,119 | -40.9% |
| Operating profit (loss) | 9901 | €49,389 | €22,592 | -€26,797 | -54.3% |
| Financial income | 75/76B | €22 | €0 | -€22 | -100.0% |
| Recurring financial income | 75 | €22 | €0 | -€22 | -100.0% |
| Financial charges | 65/66B | €459 | €560 | +€101 | +22.0% |
| Recurring financial charges | 65 | €459 | €560 | +€101 | +22.0% |
| Profit (loss) for the period before taxes | 9903 | €48,952 | €22,032 | -€26,920 | -55.0% |
| Income taxes | 67/77 | €12,433 | €5,732 | -€6,701 | -53.9% |
| Profit (loss) for the period | 9904 | €36,519 | €16,300 | -€20,219 | -55.4% |
| Profit (loss) for the period to be appropriated | 9905 | €36,519 | €16,300 | -€20,219 | -55.4% |
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 12 October 2026 via checked.be.