PAKA SUN: 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.
PAKA SUN
Largest movements
- Tangible fixed assets +€291,919
up €291,919 (+151%), from €193,461 to €485,381
- Receivables within one year +€50,231
up €50,231 (+45.3%), from €110,909 to €161,140
- Cash -€30,992
down €30,992 (-41.9%), from €73,971 to €42,980
mainly Investment in fixed assets (net) (-€315,908) and Receivables within one year (-€50,231)
- Debts after one year +€224,110
up €224,110, from €0 to €224,110
- Profit (loss) carried forward +€71,503
up €71,503 (+88.6%), from €80,683 to €152,186
- Gross operating margin +€31,199
up €31,199 (+32.2%), from €96,760 to €127,959
- Depreciation +€17,476
up €17,476 (+268%), from €6,513 to €23,989
- Taxes -€11,675
down €11,675 (-44.5%), from €26,223 to €14,547
- Financial charges +€8,919
up €8,919 (+671%), from €1,329 to €10,248
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 | €897,856 | €1,209,014 | +€311,158 | +34.7% |
| Fixed assets | 21/28 | €712,976 | €1,004,895 | +€291,919 | +40.9% |
| Tangible fixed assets | 22/27 | €193,461 | €485,381 | +€291,919 | +151% |
| Land and buildings | 22 | €193,461 | €485,381 | +€291,919 | +151% |
| Financial fixed assets | 28 | €519,514 | €519,514 | = | 0.0% |
| Current assets | 29/58 | €184,880 | €204,119 | +€19,239 | +10.4% |
| Amounts receivable within one year | 40/41 | €110,909 | €161,140 | +€50,231 | +45.3% |
| Other amounts receivable | 41 | €110,909 | €161,140 | +€50,231 | +45.3% |
| Cash at bank and in hand | 54/58 | €73,971 | €42,980 | -€30,992 | -41.9% |
| Total equity and liabilities | 10/49 | €897,856 | €1,209,014 | +€311,158 | +34.7% |
| Equity | 10/15 | €213,509 | €285,012 | +€71,503 | +33.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €112,826 | €112,826 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €112,826 | €112,826 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,683 | €152,186 | +€71,503 | +88.6% |
| Amounts payable | 17/49 | €684,346 | €924,002 | +€239,655 | +35.0% |
| Amounts payable after more than one year | 17 | €0 | €224,110 | +€224,110 | |
| Financial debts | 170/4 | €0 | €224,110 | +€224,110 | |
| Amounts payable within one year | 42/48 | €684,346 | €698,893 | +€14,547 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €35,019 | €40,147 | +€5,128 | +14.6% |
| Trade debts | 44 | €514 | €1,549 | +€1,035 | +201% |
| Suppliers | 440/4 | €514 | €1,549 | +€1,035 | +201% |
| Advances received on contracts in progress | 46 | €7,000 | €7,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €0 | €6,424 | +€6,424 | |
| Taxes | 450/3 | €0 | €6,424 | +€6,424 | |
| Other amounts payable | 47/48 | €641,813 | €643,773 | +€1,959 | +0.3% |
| Accrued charges and deferred income | 492/3 | - | €998 | +€998 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,513 | €23,989 | +€17,476 | +268% |
| Other operating charges | 640/8 | €6,505 | €7,672 | +€1,167 | +17.9% |
| Gross operating margin | 9900 | €96,760 | €127,959 | +€31,199 | +32.2% |
| Operating profit (loss) | 9901 | €83,742 | €96,298 | +€12,556 | +15.0% |
| Financial charges | 65/66B | €1,329 | €10,248 | +€8,919 | +671% |
| Recurring financial charges | 65 | €1,329 | €10,248 | +€8,919 | +671% |
| Profit (loss) for the period before taxes | 9903 | €82,414 | €86,050 | +€3,636 | +4.4% |
| Income taxes | 67/77 | €26,223 | €14,547 | -€11,675 | -44.5% |
| Profit (loss) for the period | 9904 | €56,191 | €71,503 | +€15,312 | +27.2% |
| Profit (loss) for the period to be appropriated | 9905 | €56,191 | €71,503 | +€15,312 | +27.2% |
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 26 October 2026 via checked.be.