PAKBEL INTERNATIONAL: 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.
PAKBEL INTERNATIONAL
Largest movements
- Stocks and contracts +€6,139
up €6,139 (+14.4%), from €42,541 to €48,681
- Receivables within one year +€4,368
up €4,368 (+49.0%), from €8,919 to €13,287
of which Trade receivables: +€4,890
- Advances received +€9,207
new in 2025: €9,207
- Profit (loss) carried forward +€6,627
up €6,627 (+21.4%), from -€30,997 to -€24,369
- Trade debts -€4,576
down €4,576 (-56.2%), from €8,137 to €3,561
- Other debts -€3,523
down €3,523 (-6.7%), from €52,873 to €49,350
- Accrued charges and deferred income +€2,028
new in 2025: €2,028
- Gross operating margin +€11,757
up €11,757 (+249%), from €4,716 to €16,472
- Other operating charges -€3,359
down €3,359 (-42.4%), from €7,926 to €4,567
- Staff costs +€3,218
up €3,218 (+2,913%), from €110 to €3,328
- Financial charges +€824
up €824 (+89.0%), from €926 to €1,750
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 | €58,352 | €68,926 | +€10,574 | +18.1% |
| Fixed assets | 21/28 | €4,922 | €4,722 | -€200 | -4.1% |
| Tangible fixed assets | 22/27 | €200 | - | -€200 | |
| Other tangible fixed assets | 26 | €200 | - | -€200 | |
| Financial fixed assets | 28 | €4,722 | €4,722 | = | 0.0% |
| Current assets | 29/58 | €53,431 | €64,205 | +€10,774 | +20.2% |
| Stocks and contracts in progress | 3 | €42,541 | €48,681 | +€6,139 | +14.4% |
| Stocks | 30/36 | €42,541 | €48,681 | +€6,139 | +14.4% |
| Amounts receivable within one year | 40/41 | €8,919 | €13,287 | +€4,368 | +49.0% |
| Trade receivables | 40 | €4,317 | €9,207 | +€4,890 | +113% |
| Other amounts receivable | 41 | €4,602 | €4,080 | -€522 | -11.3% |
| Cash at bank and in hand | 54/58 | €1,697 | €1,943 | +€246 | +14.5% |
| Deferred charges and accrued income | 490/1 | €274 | €295 | +€20 | +7.5% |
| Total equity and liabilities | 10/49 | €58,352 | €68,926 | +€10,574 | +18.1% |
| Equity | 10/15 | -€4,845 | €1,782 | +€6,627 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €7,559 | €7,559 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,700 | €5,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,997 | -€24,369 | +€6,627 | +21.4% |
| Amounts payable | 17/49 | €63,198 | €67,145 | +€3,947 | +6.2% |
| Amounts payable within one year | 42/48 | €63,198 | €65,117 | +€1,919 | +3.0% |
| Trade debts | 44 | €8,137 | €3,561 | -€4,576 | -56.2% |
| Suppliers | 440/4 | €8,137 | €3,561 | -€4,576 | -56.2% |
| Advances received on contracts in progress | 46 | - | €9,207 | +€9,207 | |
| Taxes, remuneration and social security | 45 | €2,188 | €2,999 | +€812 | +37.1% |
| Taxes | 450/3 | €2,188 | €377 | -€1,811 | -82.8% |
| Remuneration and social security | 454/9 | - | €2,622 | +€2,622 | |
| Other amounts payable | 47/48 | €52,873 | €49,350 | -€3,523 | -6.7% |
| Accrued charges and deferred income | 492/3 | - | €2,028 | +€2,028 | |
| Remuneration, social security and pensions | 62 | €110 | €3,328 | +€3,218 | +2,913% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €200 | €200 | = | 0.0% |
| Other operating charges | 640/8 | €7,926 | €4,567 | -€3,359 | -42.4% |
| Gross operating margin | 9900 | €4,716 | €16,472 | +€11,757 | +249% |
| Operating profit (loss) | 9901 | -€3,520 | €8,377 | +€11,897 | |
| Financial income | 75/76B | €57 | €0 | -€57 | -100.0% |
| Recurring financial income | 75 | €57 | €0 | -€57 | -100.0% |
| Financial charges | 65/66B | €926 | €1,750 | +€824 | +89.0% |
| Recurring financial charges | 65 | €926 | €1,750 | +€824 | +89.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,389 | €6,627 | +€11,016 | |
| Profit (loss) for the period | 9904 | -€4,389 | €6,627 | +€11,016 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,389 | €6,627 | +€11,016 |
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 29 October 2026 via checked.be.