PAK TRADING: 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 TRADING
Largest movements
- Stocks and contracts -€15,783
down €15,783 (-14.1%), from €111,737 to €95,954
- Deferred charges and accrued income -€2,273
down €2,273 (-91.6%), from €2,482 to €209
- Receivables within one year -€2,063
down €2,063 (-64.6%), from €3,194 to €1,131
of which Trade receivables: -€1,934
- Cash +€1,319
up €1,319 (+110.6%), from €1,193 to €2,512
mainly Stocks and contracts (+€15,783) and Deferred charges and accrued income (+€2,273)
- Trade debts -€9,869
down €9,869 (-56.5%), from €17,459 to €7,589
- Profit (loss) carried forward -€5,072
down €5,072 (-18.6%), from €27,285 to €22,213
- Short-term financial debts -€4,556
no longer reported in 2025 (was €4,556)
- Tax, wage and social debts -€2,345
down €2,345 (-19.8%), from €11,820 to €9,475
of which Remuneration and social security: -€2,449
- Other debts +€2,079
up €2,079 (+187.7%), from €1,107 to €3,186
- Turnover -€27,935
down €27,935 (-9.8%), from €284,846 to €256,911
- Gross operating margin -€18,786
down €18,786 (-41.0%), from €45,784 to €26,998
- Staff costs -€9,976
down €9,976 (-29.0%), from €34,446 to €24,470
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 | €126,587 | €106,824 | -€19,764 | -15.6% |
| Fixed assets | 21/28 | €7,981 | €7,017 | -€964 | -12.1% |
| Tangible fixed assets | 22/27 | €3,031 | €2,068 | -€964 | -31.8% |
| Furniture and vehicles | 24 | €3,031 | €2,068 | -€964 | -31.8% |
| Financial fixed assets | 28 | €4,950 | €4,950 | = | 0.0% |
| Current assets | 29/58 | €118,606 | €99,806 | -€18,800 | -15.9% |
| Stocks and contracts in progress | 3 | €111,737 | €95,954 | -€15,783 | -14.1% |
| Stocks | 30/36 | €111,737 | €95,954 | -€15,783 | -14.1% |
| Amounts receivable within one year | 40/41 | €3,194 | €1,131 | -€2,063 | -64.6% |
| Trade receivables | 40 | €3,066 | €1,131 | -€1,934 | -63.1% |
| Other amounts receivable | 41 | €128 | - | -€128 | |
| Cash at bank and in hand | 54/58 | €1,193 | €2,512 | +€1,319 | +110.6% |
| Deferred charges and accrued income | 490/1 | €2,482 | €209 | -€2,273 | -91.6% |
| Total equity and liabilities | 10/49 | €126,587 | €106,824 | -€19,764 | -15.6% |
| Equity | 10/15 | €91,645 | €86,573 | -€5,072 | -5.5% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 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 | €27,285 | €22,213 | -€5,072 | -18.6% |
| Amounts payable | 17/49 | €34,942 | €20,251 | -€14,691 | -42.0% |
| Amounts payable within one year | 42/48 | €34,942 | €20,251 | -€14,691 | -42.0% |
| Financial debts | 43 | €4,556 | - | -€4,556 | |
| Credit institutions | 430/8 | €4,556 | - | -€4,556 | |
| Trade debts | 44 | €17,459 | €7,589 | -€9,869 | -56.5% |
| Suppliers | 440/4 | €17,459 | €7,589 | -€9,869 | -56.5% |
| Taxes, remuneration and social security | 45 | €11,820 | €9,475 | -€2,345 | -19.8% |
| Taxes | 450/3 | €3,848 | €3,953 | +€105 | +2.7% |
| Remuneration and social security | 454/9 | €7,972 | €5,522 | -€2,449 | -30.7% |
| Other amounts payable | 47/48 | €1,107 | €3,186 | +€2,079 | +187.7% |
| Turnover | 70 | €284,846 | €256,911 | -€27,935 | -9.8% |
| Non-recurring operating income | 76A | - | €1,107 | +€1,107 | |
| Goods, raw materials, services and sundry goods | 60/61 | €242,577 | €244,433 | +€1,855 | +0.8% |
| Remuneration, social security and pensions | 62 | €34,446 | €24,470 | -€9,976 | -29.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,788 | €964 | -€824 | -46.1% |
| Other operating charges | 640/8 | €3,866 | €4,464 | +€598 | +15.5% |
| Gross operating margin | 9900 | €45,784 | €26,998 | -€18,786 | -41.0% |
| Operating profit (loss) | 9901 | €5,684 | -€2,900 | -€8,584 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,049 | €1,123 | +€74 | +7.0% |
| Recurring financial charges | 65 | €1,049 | €1,123 | +€74 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | €4,635 | -€4,022 | -€8,657 | |
| Income taxes | 67/77 | €3,848 | €1,050 | -€2,798 | -72.7% |
| Profit (loss) for the period | 9904 | €786 | -€5,072 | -€5,858 | |
| Profit (loss) for the period to be appropriated | 9905 | €786 | -€5,072 | -€5,858 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.