PAK TRANS: 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 TRANS
Largest movements
- Tangible fixed assets -€12,242
down €12,242 (-8.3%), from €148,291 to €136,049
of which Leasing and similar rights: -€71,460
- Receivables within one year -€11,713
down €11,713 (-11.0%), from €106,875 to €95,162
of which Other amounts receivable: -€9,926
- Deferred charges and accrued income -€2,780
no longer reported in 2025 (was €2,780)
- Debts after one year -€57,573
down €57,573 (-60.4%), from €95,263 to €37,690
- Profit (loss) carried forward +€18,786
up €18,786 (+23.9%), from €78,718 to €97,504
- Tax, wage and social debts +€12,070
up €12,070 (+160%), from €7,553 to €19,623
of which Remuneration and social security: +€6,955
- Trade debts -€3,877
down €3,877 (-18.7%), from €20,703 to €16,826
- Gross operating margin -€35,175
down €35,175 (-9.0%), from €388,885 to €353,710
- Taxes -€9,821
down €9,821 (-50.7%), from €19,386 to €9,565
- Financial income -€7,559
no longer reported in 2025 (was €7,559)
- Staff costs +€6,663
up €6,663 (+2.9%), from €226,852 to €233,514
- Depreciation +€5,780
up €5,780 (+8.7%), from €66,463 to €72,242
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 | €266,796 | €237,531 | -€29,265 | -11.0% |
| Fixed assets | 21/28 | €154,611 | €142,369 | -€12,242 | -7.9% |
| Tangible fixed assets | 22/27 | €148,291 | €136,049 | -€12,242 | -8.3% |
| Furniture and vehicles | 24 | €1,475 | €60,693 | +€59,217 | +4,014% |
| Leasing and similar rights | 25 | €146,816 | €75,356 | -€71,460 | -48.7% |
| Financial fixed assets | 28 | €6,320 | €6,320 | = | 0.0% |
| Current assets | 29/58 | €112,185 | €95,162 | -€17,023 | -15.2% |
| Amounts receivable within one year | 40/41 | €106,875 | €95,162 | -€11,713 | -11.0% |
| Trade receivables | 40 | €96,484 | €94,697 | -€1,787 | -1.9% |
| Other amounts receivable | 41 | €10,391 | €465 | -€9,926 | -95.5% |
| Cash at bank and in hand | 54/58 | €2,530 | - | -€2,530 | |
| Deferred charges and accrued income | 490/1 | €2,780 | - | -€2,780 | |
| Total equity and liabilities | 10/49 | €266,796 | €237,531 | -€29,265 | -11.0% |
| Equity | 10/15 | €84,718 | €103,504 | +€18,786 | +22.2% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,718 | €97,504 | +€18,786 | +23.9% |
| Amounts payable | 17/49 | €182,078 | €134,027 | -€48,052 | -26.4% |
| Amounts payable after more than one year | 17 | €95,263 | €37,690 | -€57,573 | -60.4% |
| Financial debts | 170/4 | €95,263 | €37,690 | -€57,573 | -60.4% |
| Amounts payable within one year | 42/48 | €86,815 | €96,336 | +€9,521 | +11.0% |
| Current portion of amounts payable after more than one year | 42 | €58,559 | €59,611 | +€1,052 | +1.8% |
| Financial debts | 43 | - | €276 | +€276 | |
| Credit institutions | 430/8 | - | €276 | +€276 | |
| Trade debts | 44 | €20,703 | €16,826 | -€3,877 | -18.7% |
| Suppliers | 440/4 | €20,703 | €16,826 | -€3,877 | -18.7% |
| Taxes, remuneration and social security | 45 | €7,553 | €19,623 | +€12,070 | +160% |
| Taxes | 450/3 | €4,662 | €9,776 | +€5,114 | +110% |
| Remuneration and social security | 454/9 | €2,892 | €9,847 | +€6,955 | +241% |
| Remuneration, social security and pensions | 62 | €226,852 | €233,514 | +€6,663 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,463 | €72,242 | +€5,780 | +8.7% |
| Other operating charges | 640/8 | €3,669 | €3,250 | -€419 | -11.4% |
| Gross operating margin | 9900 | €388,885 | €353,710 | -€35,175 | -9.0% |
| Operating profit (loss) | 9901 | €91,901 | €44,704 | -€47,197 | -51.4% |
| Financial income | 75/76B | €7,559 | - | -€7,559 | |
| Recurring financial income | 75 | €7,559 | - | -€7,559 | |
| Financial charges | 65/66B | €18,048 | €16,352 | -€1,696 | -9.4% |
| Recurring financial charges | 65 | €18,048 | €16,352 | -€1,696 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €81,413 | €28,352 | -€53,061 | -65.2% |
| Income taxes | 67/77 | €19,386 | €9,565 | -€9,821 | -50.7% |
| Profit (loss) for the period | 9904 | €62,026 | €18,786 | -€43,240 | -69.7% |
| Profit (loss) for the period to be appropriated | 9905 | €62,026 | €18,786 | -€43,240 | -69.7% |
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 15 October 2026 via checked.be.