PAK BELGE IMPORT - EXPORT: 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.
PAK BELGE IMPORT - EXPORT
Largest movements
- Cash -€38,775
down €38,775 (-97.2%), from €39,887 to €1,112
mainly Net result for the year (-€64,866) and Debts after one year (-€4,741)
- Stocks and contracts -€18,276
down €18,276 (-71.9%), from €25,428 to €7,152
- Financial fixed assets -€3,512
no longer reported in 2025 (was €3,512)
- Receivables within one year -€3,051
down €3,051 (-47.2%), from €6,464 to €3,413
of which Trade receivables: -€5,745
- Tangible fixed assets -€1,756
down €1,756 (-4.9%), from €36,102 to €34,347
- Profit (loss) carried forward -€64,866
down €64,866, from €14,126 to -€50,740
- Trade debts +€5,451
up €5,451 (+149%), from €3,663 to €9,114
- Debts after one year -€4,741
down €4,741 (-15.1%), from €31,319 to €26,579
- Tax, wage and social debts -€1,595
down €1,595 (-5.9%), from €26,838 to €25,242
of which Taxes: -€839
- Turnover -€249,440
down €249,440 (-62.8%), from €397,369 to €147,928
- Purchases and services -€185,904
down €185,904 (-52.0%), from €357,244 to €171,340
- Gross operating margin -€35,866
down €35,866 (-76.4%), from €46,964 to €11,098
- Staff costs +€13,637
up €13,637 (+39.2%), from €34,809 to €48,446
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.
Derived cash bridge
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 | €111,393 | €46,023 | -€65,370 | -58.7% |
| Fixed assets | 21/28 | €39,614 | €34,347 | -€5,268 | -13.3% |
| Tangible fixed assets | 22/27 | €36,102 | €34,347 | -€1,756 | -4.9% |
| Furniture and vehicles | 24 | €36,102 | €34,347 | -€1,756 | -4.9% |
| Financial fixed assets | 28 | €3,512 | - | -€3,512 | |
| Current assets | 29/58 | €71,779 | €11,677 | -€60,102 | -83.7% |
| Stocks and contracts in progress | 3 | €25,428 | €7,152 | -€18,276 | -71.9% |
| Stocks | 30/36 | €25,428 | €7,152 | -€18,276 | -71.9% |
| Amounts receivable within one year | 40/41 | €6,464 | €3,413 | -€3,051 | -47.2% |
| Trade receivables | 40 | €6,464 | €719 | -€5,745 | -88.9% |
| Other amounts receivable | 41 | - | €2,694 | +€2,694 | |
| Cash at bank and in hand | 54/58 | €39,887 | €1,112 | -€38,775 | -97.2% |
| Total equity and liabilities | 10/49 | €111,393 | €46,023 | -€65,370 | -58.7% |
| Equity | 10/15 | €45,112 | -€19,753 | -€64,866 | |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,126 | -€50,740 | -€64,866 | |
| Amounts payable | 17/49 | €66,281 | €65,776 | -€504 | -0.8% |
| Amounts payable after more than one year | 17 | €31,319 | €26,579 | -€4,741 | -15.1% |
| Financial debts | 170/4 | €31,319 | €26,579 | -€4,741 | -15.1% |
| Amounts payable within one year | 42/48 | €34,961 | €39,198 | +€4,237 | +12.1% |
| Current portion of amounts payable after more than one year | 42 | €4,460 | €4,741 | +€281 | +6.3% |
| Trade debts | 44 | €3,663 | €9,114 | +€5,451 | +149% |
| Suppliers | 440/4 | €3,663 | €9,114 | +€5,451 | +149% |
| Taxes, remuneration and social security | 45 | €26,838 | €25,242 | -€1,595 | -5.9% |
| Taxes | 450/3 | €12,518 | €11,679 | -€839 | -6.7% |
| Remuneration and social security | 454/9 | €14,319 | €13,563 | -€756 | -5.3% |
| Other amounts payable | 47/48 | - | €100 | +€100 | |
| Turnover | 70 | €397,369 | €147,928 | -€249,440 | -62.8% |
| Non-recurring operating income | 76A | €310 | €31,000 | +€30,690 | +9,908% |
| Goods, raw materials, services and sundry goods | 60/61 | €357,244 | €171,340 | -€185,904 | -52.0% |
| Remuneration, social security and pensions | 62 | €34,809 | €48,446 | +€13,637 | +39.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,948 | €8,314 | +€2,366 | +39.8% |
| Other operating charges | 640/8 | €3,391 | €6,230 | +€2,839 | +83.7% |
| Non-recurring operating charges | 66A | - | €6,433 | +€6,433 | |
| Gross operating margin | 9900 | €46,964 | €11,098 | -€35,866 | -76.4% |
| Operating profit (loss) | 9901 | €2,815 | -€58,326 | -€61,140 | |
| Financial charges | 65/66B | €1,931 | €3,623 | +€1,692 | +87.6% |
| Recurring financial charges | 65 | €1,931 | €3,623 | +€1,692 | +87.6% |
| Profit (loss) for the period before taxes | 9903 | €884 | -€61,949 | -€62,833 | |
| Income taxes | 67/77 | €280 | €2,917 | +€2,637 | +942% |
| Profit (loss) for the period | 9904 | €604 | -€64,866 | -€65,470 | |
| Profit (loss) for the period to be appropriated | 9905 | €604 | -€64,866 | -€65,470 |
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 23 October 2026 via checked.be.