PAFACO: 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.
PAFACO
Largest movements
- Tangible fixed assets -€10,267
down €10,267 (-6.5%), from €157,955 to €147,688
of which Land and buildings: -€5,498
- Profit (loss) carried forward -€9,338
down €9,338 (-512.2%), from -€1,823 to -€11,161
- Debts after one year -€8,733
down €8,733 (-34.7%), from €25,159 to €16,425
of which Financial debts: -€8,733
- Other debts +€7,076
new in 2025: €7,076
- Turnover -€8,205
down €8,205 (-54.1%), from €15,153 to €6,948
- Gross operating margin -€5,895
down €5,895 (-58.4%), from €10,095 to €4,200
- Purchases and services -€2,310
down €2,310 (-45.7%), from €5,058 to €2,748
- Other operating charges -€778
down €778 (-36.3%), from €2,147 to €1,368
- Depreciation +€505
up €505 (+5.2%), from €9,761 to €10,267
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 | €158,800 | €147,804 | -€10,996 | -6.9% |
| Fixed assets | 21/28 | €157,955 | €147,688 | -€10,267 | -6.5% |
| Tangible fixed assets | 22/27 | €157,955 | €147,688 | -€10,267 | -6.5% |
| Land and buildings | 22 | €107,620 | €102,122 | -€5,498 | -5.1% |
| Plant, machinery and equipment | 23 | €2,022 | €1,516 | -€505 | -25.0% |
| Furniture and vehicles | 24 | €48,313 | €44,050 | -€4,263 | -8.8% |
| Current assets | 29/58 | €845 | €115 | -€730 | -86.3% |
| Cash at bank and in hand | 54/58 | €845 | €115 | -€730 | -86.3% |
| Total equity and liabilities | 10/49 | €158,800 | €147,804 | -€10,996 | -6.9% |
| Equity | 10/15 | €123,177 | €113,839 | -€9,338 | -7.6% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | - | €125,000 | +€125,000 | |
| Issued capital | 100 | - | €125,000 | +€125,000 | |
| Profit (loss) carried forward | 14 | -€1,823 | -€11,161 | -€9,338 | -512.2% |
| Amounts payable | 17/49 | €35,623 | €33,965 | -€1,658 | -4.7% |
| Amounts payable after more than one year | 17 | €25,159 | €16,425 | -€8,733 | -34.7% |
| Financial debts | 170/4 | €24,979 | €16,246 | -€8,733 | -35.0% |
| Other amounts payable | 178/9 | €180 | €180 | = | 0.0% |
| Amounts payable within one year | 42/48 | €10,464 | €17,540 | +€7,076 | +67.6% |
| Current portion of amounts payable after more than one year | 42 | €10,464 | €10,464 | = | 0.0% |
| Other amounts payable | 47/48 | - | €7,076 | +€7,076 | |
| Turnover | 70 | €15,153 | €6,948 | -€8,205 | -54.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €5,058 | €2,748 | -€2,310 | -45.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,761 | €10,267 | +€505 | +5.2% |
| Other operating charges | 640/8 | €2,147 | €1,368 | -€778 | -36.3% |
| Gross operating margin | 9900 | €10,095 | €4,200 | -€5,895 | -58.4% |
| Operating profit (loss) | 9901 | -€1,812 | -€7,435 | -€5,622 | -310.2% |
| Financial charges | 65/66B | €1,896 | €1,904 | +€7 | +0.4% |
| Recurring financial charges | 65 | €1,896 | €1,904 | +€7 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | -€3,709 | -€9,338 | -€5,630 | -151.8% |
| Income taxes | 67/77 | €128 | - | -€128 | |
| Profit (loss) for the period | 9904 | -€3,836 | -€9,338 | -€5,502 | -143.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,836 | -€9,338 | -€5,502 | -143.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.