PAKERA: 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.
PAKERA
Largest movements
- Financial fixed assets +€22.9m
up €22.9m (+337.6%), from €6.8m to €29.7m
- Stocks and contracts +€5.4m
new in 2025: €5.4m
- Receivables within one year +€1.4m
new in 2025: €1.4m
of which Other amounts receivable: +€1.3m
- Debts after one year +€21.1m
up €21.1m (+446.3%), from €4.7m to €25.8m
of which Financial debts: +€15.0m
- Other debts +€8.5m
up €8.5m (+1934087.1%), from €440 to €8.5m
- Profit (loss) carried forward -€1.1m
down €1.1m (-72.0%), from €1.5m to €414,400
- Current portion of long-term debt +€893,677
up €893,677 (+178.7%), from €500,000 to €1.4m
- Trade debts +€755,802
new in 2025: €755,802
- Financial charges +€712,088
up €712,088 (+2767.2%), from €25,733 to €737,821
- Gross operating margin -€453,672
down €453,672 (-14407.7%), from -€3,149 to -€456,821
- Financial income +€428,254
new in 2025: €428,254
- Staff costs +€266,682
new in 2025: €266,682
- Depreciation +€31,815
new in 2025: €31,815
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 | €6,789,254 | €37,223,587 | +€30.4m | +448.3% |
| Fixed assets | 21/28 | €6,776,459 | €30,190,260 | +€23.4m | +345.5% |
| Intangible fixed assets | 21 | - | €284,754 | +€284,754 | |
| Tangible fixed assets | 22/27 | - | €251,173 | +€251,173 | |
| Land and buildings | 22 | - | €11,646 | +€11,646 | |
| Plant, machinery and equipment | 23 | - | €45,886 | +€45,886 | |
| Furniture and vehicles | 24 | - | €18,419 | +€18,419 | |
| Leasing and similar rights | 25 | - | €175,222 | +€175,222 | |
| Financial fixed assets | 28 | €6,776,459 | €29,654,333 | +€22.9m | +337.6% |
| Current assets | 29/58 | €12,795 | €7,033,327 | +€7.0m | +54869.4% |
| Stocks and contracts in progress | 3 | - | €5,410,768 | +€5.4m | |
| Stocks | 30/36 | - | €5,410,768 | +€5.4m | |
| Amounts receivable within one year | 40/41 | - | €1,386,447 | +€1.4m | |
| Trade receivables | 40 | - | €125,267 | +€125,267 | |
| Other amounts receivable | 41 | - | €1,261,180 | +€1.3m | |
| Cash at bank and in hand | 54/58 | €12,795 | €100,211 | +€87,416 | +683.2% |
| Deferred charges and accrued income | 490/1 | - | €135,901 | +€135,901 | |
| Total equity and liabilities | 10/49 | €6,789,254 | €37,223,587 | +€30.4m | +448.3% |
| Equity | 10/15 | €1,557,314 | €491,400 | -€1.1m | -68.4% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Capital | 10 | €70,000 | €70,000 | = | 0.0% |
| Issued capital | 100 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €7,000 | €7,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,000 | €7,000 | = | 0.0% |
| Legal reserve | 130 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,480,314 | €414,400 | -€1.1m | -72.0% |
| Amounts payable | 17/49 | €5,231,940 | €36,732,187 | +€31.5m | +602.1% |
| Amounts payable after more than one year | 17 | €4,731,500 | €25,846,934 | +€21.1m | +446.3% |
| Financial debts | 170/4 | €4,731,500 | €19,738,611 | +€15.0m | +317.2% |
| Trade debts | 175 | - | €6,108,323 | +€6.1m | |
| Amounts payable within one year | 42/48 | €500,440 | €10,839,249 | +€10.3m | +2065.9% |
| Current portion of amounts payable after more than one year | 42 | €500,000 | €1,393,677 | +€893,677 | +178.7% |
| Trade debts | 44 | - | €755,802 | +€755,802 | |
| Suppliers | 440/4 | - | €755,802 | +€755,802 | |
| Taxes, remuneration and social security | 45 | - | €179,347 | +€179,347 | |
| Taxes | 450/3 | - | €19,590 | +€19,590 | |
| Remuneration and social security | 454/9 | - | €159,757 | +€159,757 | |
| Other amounts payable | 47/48 | €440 | €8,510,423 | +€8.5m | +1934087.1% |
| Accrued charges and deferred income | 492/3 | - | €46,005 | +€46,005 | |
| Remuneration, social security and pensions | 62 | - | €266,682 | +€266,682 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €31,815 | +€31,815 | |
| Other operating charges | 640/8 | - | €998 | +€998 | |
| Gross operating margin | 9900 | -€3,149 | -€456,821 | -€453,672 | -14407.7% |
| Operating profit (loss) | 9901 | -€3,149 | -€756,316 | -€753,168 | -23919.0% |
| Financial income | 75/76B | - | €428,254 | +€428,254 | |
| Recurring financial income | 75 | - | €428,254 | +€428,254 | |
| Financial charges | 65/66B | €25,733 | €737,821 | +€712,088 | +2767.2% |
| Recurring financial charges | 65 | €25,733 | €737,821 | +€712,088 | +2767.2% |
| Profit (loss) for the period before taxes | 9903 | -€28,882 | -€1,065,883 | -€1.0m | -3590.5% |
| Income taxes | 67/77 | - | €31 | +€31 | |
| Profit (loss) for the period | 9904 | -€28,882 | -€1,065,915 | -€1.0m | -3590.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,882 | -€1,065,915 | -€1.0m | -3590.6% |
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 2 October 2026 via checked.be.