PACY: 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
PACY
NACE 47.559, Retail sale of other household articles
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€48,571
2024 · €28,143+€20,428
Equity
€151,000
2024 · €103,262+€47,738
Cash
€26,182
2024 · €16,731+€9,451
Balance sheet total
€1.0m
2024 · €989,728+€43,175
Largest movements
Assets
- Stocks and contracts +€32,093
up €32,093 (+53.4%), from €60,094 to €92,187
Equity and liabilities
- Reserves +€39,434
up €39,434 (+163.2%), from €24,166 to €63,600
- Debts after one year -€22,357
down €22,357 (-3.2%), from €707,169 to €684,812
- Tax, wage and social debts +€11,239
up €11,239 (+28.9%), from €38,850 to €50,088
of which Taxes: +€8,186
Income statement
- Gross operating margin +€47,059
up €47,059 (+25.1%), from €187,343 to €234,402
- Taxes +€22,723
up €22,723 (+14010.1%), from €162 to €22,885
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
€28,143
Gross operating margin
+€47,059
Staff costs
-€853
Depreciation
+€1,116
Other operating charges
-€611
Other operating items
-€1,822
Financial income
-€12
Financial charges
-€1,726
Taxes
-€22,723
Result 2025
€48,571
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.
From operations
+€61,137
Investment
-€28,057
Financing
-€23,628
Cash 2024
€16,731
From operations (derived)
+€61,137
Net result for the year
+€48,571
Depreciation
+€32,427
Stocks and contracts
-€32,093
Receivables within one year
-€1,246
Deferred charges and accrued income
-€4,754
Trade debts
-€1,052
Tax, wage and social debts
+€11,239
Other debts
+€9,327
Accrued charges and deferred income
-€1,281
Investment (derived)
-€28,057
Investment in fixed assets (net)
-€28,057
Financing
-€23,628
Debts after one year
-€22,357
Current portion of long-term debt
-€438
Contributions, distributions and other
-€833
Cash 2025
€26,182
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €989,728 | €1,032,902 | +€43,175 | +4.4% |
| Fixed assets | 21/28 | €901,435 | €897,066 | -€4,370 | -0.5% |
| Tangible fixed assets | 22/27 | €900,498 | €896,128 | -€4,370 | -0.5% |
| Land and buildings | 22 | €873,014 | €847,623 | -€25,391 | -2.9% |
| Plant, machinery and equipment | 23 | €135 | €72 | -€63 | -46.9% |
| Furniture and vehicles | 24 | €6,713 | €24,888 | +€18,175 | +270.8% |
| Other tangible fixed assets | 26 | €20,637 | - | -€20,637 | |
| Assets under construction and advance payments | 27 | - | €23,546 | +€23,546 | |
| Financial fixed assets | 28 | €937 | €937 | = | 0.0% |
| Current assets | 29/58 | €88,292 | €135,837 | +€47,545 | +53.8% |
| Stocks and contracts in progress | 3 | €60,094 | €92,187 | +€32,093 | +53.4% |
| Stocks | 30/36 | €60,094 | €92,187 | +€32,093 | +53.4% |
| Amounts receivable within one year | 40/41 | €5,448 | €6,694 | +€1,246 | +22.9% |
| Trade receivables | 40 | €5,342 | €2,942 | -€2,400 | -44.9% |
| Other amounts receivable | 41 | €106 | €3,752 | +€3,646 | +3434.6% |
| Cash at bank and in hand | 54/58 | €16,731 | €26,182 | +€9,451 | +56.5% |
| Deferred charges and accrued income | 490/1 | €6,020 | €10,774 | +€4,754 | +79.0% |
| Total equity and liabilities | 10/49 | €989,728 | €1,032,902 | +€43,175 | +4.4% |
| Equity | 10/15 | €103,262 | €151,000 | +€47,738 | +46.2% |
| Contributions | 10/11 | €87,400 | €87,400 | = | 0.0% |
| Reserves | 13 | €24,166 | €63,600 | +€39,434 | +163.2% |
| Distributable reserves | 133 | €24,166 | €63,600 | +€39,434 | +163.2% |
| Profit (loss) carried forward | 14 | -€8,304 | - | +€8,304 | |
| Amounts payable | 17/49 | €886,466 | €881,903 | -€4,563 | -0.5% |
| Amounts payable after more than one year | 17 | €707,169 | €684,812 | -€22,357 | -3.2% |
| Financial debts | 170/4 | €707,169 | €684,812 | -€22,357 | -3.2% |
| Amounts payable within one year | 42/48 | €178,003 | €197,078 | +€19,075 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €43,250 | €42,812 | -€438 | -1.0% |
| Trade debts | 44 | €31,832 | €30,780 | -€1,052 | -3.3% |
| Suppliers | 440/4 | €31,832 | €30,780 | -€1,052 | -3.3% |
| Taxes, remuneration and social security | 45 | €38,850 | €50,088 | +€11,239 | +28.9% |
| Taxes | 450/3 | €23,400 | €31,585 | +€8,186 | +35.0% |
| Remuneration and social security | 454/9 | €15,450 | €18,503 | +€3,053 | +19.8% |
| Other amounts payable | 47/48 | €64,071 | €73,398 | +€9,327 | +14.6% |
| Accrued charges and deferred income | 492/3 | €1,293 | €13 | -€1,281 | -99.0% |
| Non-recurring operating income | 76A | - | €750 | +€750 | |
| Remuneration, social security and pensions | 62 | €91,032 | €91,886 | +€853 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,543 | €32,427 | -€1,116 | -3.3% |
| Other operating charges | 640/8 | €387 | €998 | +€611 | +157.8% |
| Non-recurring operating charges | 66A | - | €1,822 | +€1,822 | |
| Gross operating margin | 9900 | €187,343 | €234,402 | +€47,059 | +25.1% |
| Operating profit (loss) | 9901 | €62,380 | €107,269 | +€44,889 | +72.0% |
| Financial income | 75/76B | €173 | €161 | -€12 | -6.7% |
| Recurring financial income | 75 | €173 | €161 | -€12 | -6.7% |
| Financial charges | 65/66B | €34,248 | €35,975 | +€1,726 | +5.0% |
| Recurring financial charges | 65 | €34,248 | €35,975 | +€1,726 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | €28,305 | €71,456 | +€43,151 | +152.4% |
| Income taxes | 67/77 | €162 | €22,885 | +€22,723 | +14010.1% |
| Profit (loss) for the period | 9904 | €28,143 | €48,571 | +€20,428 | +72.6% |
| Profit (loss) for the period to be appropriated | 9905 | €28,143 | €48,571 | +€20,428 | +72.6% |
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 9 October 2026 via checked.be.