PAK: 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.
PAK
Largest movements
- Tangible fixed assets +€19,114
new in 2024: €19,114
- Receivables within one year -€16,875
down €16,875 (-76.6%), from €22,023 to €5,148
of which Trade receivables: -€9,406
- Cash -€6,240
down €6,240 (-56.6%), from €11,019 to €4,779
mainly Investment in fixed assets (net) (-€20,966) and Trade debts (-€4,951)
- Trade debts -€4,951
down €4,951 (-89.2%), from €5,553 to €602
- Profit (loss) carried forward +€2,810
up €2,810 (+39.0%), from €7,202 to €10,012
- Tax, wage and social debts -€1,630
down €1,630 (-98.4%), from €1,657 to €27
of which Taxes: -€1,657
- Purchases and services -€6,802
down €6,802 (-29.8%), from €22,843 to €16,041
- Turnover -€5,736
down €5,736 (-21.1%), from €27,158 to €21,422
- Depreciation +€1,853
new in 2024: €1,853
- Gross operating margin +€1,066
up €1,066 (+24.7%), from €4,314 to €5,380
- Other operating charges -€758
down €758 (-57.6%), from €1,316 to €559
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €33,242 | €29,241 | -€4,001 | -12.0% |
| Fixed assets | 21/28 | €200 | €19,314 | +€19,114 | +9556.9% |
| Tangible fixed assets | 22/27 | - | €19,114 | +€19,114 | |
| Furniture and vehicles | 24 | - | €19,114 | +€19,114 | |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €33,042 | €9,927 | -€23,115 | -70.0% |
| Amounts receivable within one year | 40/41 | €22,023 | €5,148 | -€16,875 | -76.6% |
| Trade receivables | 40 | €9,406 | - | -€9,406 | |
| Other amounts receivable | 41 | €12,617 | €5,148 | -€7,469 | -59.2% |
| Cash at bank and in hand | 54/58 | €11,019 | €4,779 | -€6,240 | -56.6% |
| Total equity and liabilities | 10/49 | €33,242 | €29,241 | -€4,001 | -12.0% |
| Equity | 10/15 | €25,802 | €28,612 | +€2,810 | +10.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Share premium | 1100/10 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,202 | €10,012 | +€2,810 | +39.0% |
| Amounts payable | 17/49 | €7,440 | €629 | -€6,811 | -91.5% |
| Amounts payable within one year | 42/48 | €7,440 | €629 | -€6,811 | -91.5% |
| Trade debts | 44 | €5,553 | €602 | -€4,951 | -89.2% |
| Suppliers | 440/4 | €5,553 | €602 | -€4,951 | -89.2% |
| Taxes, remuneration and social security | 45 | €1,657 | €27 | -€1,630 | -98.4% |
| Taxes | 450/3 | €1,657 | - | -€1,657 | |
| Remuneration and social security | 454/9 | - | €27 | +€27 | |
| Other amounts payable | 47/48 | €230 | - | -€230 | |
| Turnover | 70 | €27,158 | €21,422 | -€5,736 | -21.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €22,843 | €16,041 | -€6,802 | -29.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,853 | +€1,853 | |
| Other operating charges | 640/8 | €1,316 | €559 | -€758 | -57.6% |
| Gross operating margin | 9900 | €4,314 | €5,380 | +€1,066 | +24.7% |
| Operating profit (loss) | 9901 | €2,998 | €2,969 | -€29 | -1.0% |
| Financial charges | 65/66B | €153 | €159 | +€6 | +3.9% |
| Recurring financial charges | 65 | €153 | €159 | +€6 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | €2,844 | €2,810 | -€35 | -1.2% |
| Profit (loss) for the period | 9904 | €2,844 | €2,810 | -€35 | -1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,844 | €2,810 | -€35 | -1.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.