PAKREEL: 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.
PAKREEL
Largest movements
- Tangible fixed assets -€91,672
down €91,672 (-2.2%), from €4.3m to €4.2m
of which Land and buildings: -€90,633
- Debts after one year -€128,972
down €128,972 (-3.1%), from €4.1m to €4.0m
- Profit (loss) carried forward +€45,280
up €45,280 (+85.2%), from -€53,156 to -€7,876
- Gross operating margin -€10,860
down €10,860 (-4.7%), from €231,163 to €220,303
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 | €4,321,424 | €4,236,444 | -€84,980 | -2.0% |
| Fixed assets | 21/28 | €4,263,707 | €4,172,036 | -€91,672 | -2.2% |
| Tangible fixed assets | 22/27 | €4,263,707 | €4,172,036 | -€91,672 | -2.2% |
| Land and buildings | 22 | €4,257,449 | €4,166,816 | -€90,633 | -2.1% |
| Plant, machinery and equipment | 23 | €6,258 | €5,220 | -€1,038 | -16.6% |
| Current assets | 29/58 | €57,717 | €64,408 | +€6,692 | +11.6% |
| Cash at bank and in hand | 54/58 | €57,223 | €63,899 | +€6,675 | +11.7% |
| Deferred charges and accrued income | 490/1 | €493 | €510 | +€16 | +3.3% |
| Total equity and liabilities | 10/49 | €4,321,424 | €4,236,444 | -€84,980 | -2.0% |
| Equity | 10/15 | -€52,156 | -€6,876 | +€45,280 | +86.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,156 | -€7,876 | +€45,280 | +85.2% |
| Amounts payable | 17/49 | €4,373,580 | €4,243,320 | -€130,260 | -3.0% |
| Amounts payable after more than one year | 17 | €4,139,194 | €4,010,223 | -€128,972 | -3.1% |
| Financial debts | 170/4 | €4,139,194 | €4,010,223 | -€128,972 | -3.1% |
| Amounts payable within one year | 42/48 | €194,012 | €194,549 | +€537 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €181,636 | €184,675 | +€3,038 | +1.7% |
| Trade debts | 44 | €2,501 | - | -€2,501 | |
| Suppliers | 440/4 | €2,501 | - | -€2,501 | |
| Other amounts payable | 47/48 | €9,874 | €9,874 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €40,374 | €38,548 | -€1,825 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,491 | €91,672 | +€181 | +0.2% |
| Other operating charges | 640/8 | €2,683 | €4,763 | +€2,080 | +77.5% |
| Gross operating margin | 9900 | €231,163 | €220,303 | -€10,860 | -4.7% |
| Operating profit (loss) | 9901 | €136,989 | €123,869 | -€13,120 | -9.6% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €80,617 | €78,592 | -€2,025 | -2.5% |
| Recurring financial charges | 65 | €80,617 | €78,592 | -€2,025 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | €56,372 | €45,280 | -€11,092 | -19.7% |
| Profit (loss) for the period | 9904 | €56,372 | €45,280 | -€11,092 | -19.7% |
| Profit (loss) for the period to be appropriated | 9905 | €56,372 | €45,280 | -€11,092 | -19.7% |
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 8 October 2026 via checked.be.