PAKAREST: 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.
PAKAREST
Largest movements
- Tangible fixed assets -€3,174
down €3,174 (-1.2%), from €258,327 to €255,153
of which Land and buildings: -€4,035
- Other debts +€6,750
up €6,750 (+18.8%), from €35,947 to €42,697
- Profit (loss) carried forward -€4,617
down €4,617 (-10.1%), from -€45,856 to -€50,472
- Debts after one year -€2,711
down €2,711 (-1.4%), from €194,286 to €191,575
- Gross operating margin -€2,760
down €2,760 (-34.0%), from €8,120 to €5,360
- Other operating charges +€620
up €620 (+19.0%), from €3,265 to €3,885
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 | €266,677 | €262,686 | -€3,990 | -1.5% |
| Fixed assets | 21/28 | €258,327 | €255,153 | -€3,174 | -1.2% |
| Tangible fixed assets | 22/27 | €258,327 | €255,153 | -€3,174 | -1.2% |
| Land and buildings | 22 | €247,475 | €243,440 | -€4,035 | -1.6% |
| Plant, machinery and equipment | 23 | €10,852 | €11,713 | +€861 | +7.9% |
| Current assets | 29/58 | €8,349 | €7,533 | -€816 | -9.8% |
| Stocks and contracts in progress | 3 | €1,948 | €2,442 | +€493 | +25.3% |
| Stocks | 30/36 | €1,948 | €2,442 | +€493 | +25.3% |
| Amounts receivable within one year | 40/41 | €2,677 | €955 | -€1,722 | -64.3% |
| Trade receivables | 40 | €1,476 | €611 | -€864 | -58.6% |
| Other amounts receivable | 41 | €1,202 | €344 | -€858 | -71.4% |
| Cash at bank and in hand | 54/58 | €3,595 | €4,137 | +€542 | +15.1% |
| Deferred charges and accrued income | 490/1 | €129 | €0 | -€129 | -100% |
| Total equity and liabilities | 10/49 | €266,677 | €262,686 | -€3,990 | -1.5% |
| Equity | 10/15 | €29,203 | €24,587 | -€4,617 | -15.8% |
| Contributions | 10/11 | €73,200 | €73,200 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,856 | -€50,472 | -€4,617 | -10.1% |
| Amounts payable | 17/49 | €237,473 | €238,099 | +€626 | +0.3% |
| Amounts payable after more than one year | 17 | €194,286 | €191,575 | -€2,711 | -1.4% |
| Other amounts payable | 178/9 | €194,286 | €191,575 | -€2,711 | -1.4% |
| Amounts payable within one year | 42/48 | €43,187 | €46,525 | +€3,337 | +7.7% |
| Current portion of amounts payable after more than one year | 42 | €5,353 | €2,711 | -€2,641 | -49.3% |
| Trade debts | 44 | - | €47 | +€47 | |
| Suppliers | 440/4 | - | €47 | +€47 | |
| Advances received on contracts in progress | 46 | €1,220 | €129 | -€1,091 | -89.4% |
| Taxes, remuneration and social security | 45 | €667 | €940 | +€273 | +40.9% |
| Taxes | 450/3 | €667 | €940 | +€273 | +40.9% |
| Other amounts payable | 47/48 | €35,947 | €42,697 | +€6,750 | +18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,806 | €5,821 | +€15 | +0.3% |
| Other operating charges | 640/8 | €3,265 | €3,885 | +€620 | +19.0% |
| Gross operating margin | 9900 | €8,120 | €5,360 | -€2,760 | -34.0% |
| Operating profit (loss) | 9901 | -€951 | -€4,346 | -€3,394 | -357% |
| Financial income | 75/76B | €0 | €0 | +€0 | +42.9% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +42.9% |
| Financial charges | 65/66B | €328 | €271 | -€57 | -17.4% |
| Recurring financial charges | 65 | €328 | €271 | -€57 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,279 | -€4,617 | -€3,337 | -261% |
| Profit (loss) for the period | 9904 | -€1,279 | -€4,617 | -€3,337 | -261% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,279 | -€4,617 | -€3,337 | -261% |
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 13 October 2026 via checked.be.