PAKRINVEST: 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.
What changed
PAKRINVEST
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€225,416
2024 · €155,932-€381,348
Equity
€3.3m
2024 · €3.5m-€225,416
Cash
€233,694
2024 · €230,313+€3,381
Balance sheet total
€9.2m
2024 · €6.5m+€2.7m
Largest movements
Assets
- Tangible fixed assets +€2.7m
up €2.7m (+67.0%), from €4.0m to €6.7m
Equity and liabilities
- Current portion of long-term debt +€1.5m
up €1.5m (+376%), from €395,833 to €1.9m
- Debts after one year +€1.4m
up €1.4m (+61.4%), from €2.3m to €3.7m
of which Financial debts: +€1.4m
- Profit (loss) carried forward -€196,916
down €196,916 (-34.9%), from €564,407 to €367,491
Income statement
- Depreciation +€465,856
up €465,856 (+210%), from €221,636 to €687,491
- Gross operating margin +€101,853
up €101,853 (+21.6%), from €471,842 to €573,696
- Financial charges +€86,654
up €86,654 (+124%), from €69,680 to €156,334
- Taxes -€50,165
down €50,165 (-99.6%), from €50,359 to €194
- Financial income +€26,355
up €26,355 (+27.3%), from €96,714 to €123,069
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.
Result 2024
€155,932
Gross operating margin
+€101,853
Staff costs
-€8,339
Depreciation
-€465,856
Write-downs
+€13,531
Other operating charges
-€12,500
Financial income
+€26,355
Financial charges
-€86,654
Taxes
+€50,165
Deferred taxes and other
+€95
Result 2025
-€225,416
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€485,313
Investment
-€3.4m
Financing
+€2.9m
Cash 2024
€230,313
From operations (derived)
+€485,313
Net result for the year
-€225,416
Depreciation
+€687,491
Receivables within one year
+€10,849
Smaller working-capital items
-€1,828
Provisions
-€9,500
Tax, wage and social debts
+€8,762
Advances received
+€26,738
Other debts
-€20,644
Accrued charges and deferred income
+€8,861
Investment (derived)
-€3.4m
Investment in fixed assets (net)
-€3.4m
Financing
+€2.9m
Debts after one year
+€1.4m
Current portion of long-term debt
+€1.5m
Cash 2025
€233,694
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,526,398 | €9,201,652 | +€2.7m | +41.0% |
| Fixed assets | 21/28 | €6,203,723 | €8,884,979 | +€2.7m | +43.2% |
| Tangible fixed assets | 22/27 | €4,003,723 | €6,684,979 | +€2.7m | +67.0% |
| Land and buildings | 22 | €4,003,723 | €6,684,979 | +€2.7m | +67.0% |
| Financial fixed assets | 28 | €2,200,000 | €2,200,000 | = | 0.0% |
| Current assets | 29/58 | €322,676 | €316,673 | -€6,002 | -1.9% |
| Amounts receivable within one year | 40/41 | €85,694 | €74,845 | -€10,849 | -12.7% |
| Trade receivables | 40 | €54,525 | €74,674 | +€20,149 | +37.0% |
| Other amounts receivable | 41 | €31,169 | €171 | -€30,998 | -99.5% |
| Cash at bank and in hand | 54/58 | €230,313 | €233,694 | +€3,381 | +1.5% |
| Deferred charges and accrued income | 490/1 | €6,669 | €8,135 | +€1,466 | +22.0% |
| Total equity and liabilities | 10/49 | €6,526,398 | €9,201,652 | +€2.7m | +41.0% |
| Equity | 10/15 | €3,481,668 | €3,256,252 | -€225,416 | -6.5% |
| Contributions | 10/11 | €826,966 | €826,966 | = | 0.0% |
| Reserves | 13 | €2,090,295 | €2,061,794 | -€28,501 | -1.4% |
| Tax-exempt reserves | 132 | €686,578 | €658,078 | -€28,501 | -4.2% |
| Distributable reserves | 133 | €1,403,717 | €1,403,717 | = | 0.0% |
| Profit (loss) carried forward | 14 | €564,407 | €367,491 | -€196,916 | -34.9% |
| Provisions and deferred taxes | 16 | €228,859 | €219,359 | -€9,500 | -4.2% |
| Deferred taxes | 168 | €228,859 | €219,359 | -€9,500 | -4.2% |
| Amounts payable | 17/49 | €2,815,871 | €5,726,041 | +€2.9m | +103% |
| Amounts payable after more than one year | 17 | €2,274,527 | €3,671,734 | +€1.4m | +61.4% |
| Financial debts | 170/4 | €1,729,167 | €3,126,074 | +€1.4m | +80.8% |
| Other amounts payable | 178/9 | €545,360 | €545,660 | +€300 | +0.1% |
| Amounts payable within one year | 42/48 | €519,647 | €2,023,749 | +€1.5m | +289% |
| Current portion of amounts payable after more than one year | 42 | €395,833 | €1,885,441 | +€1.5m | +376% |
| Trade debts | 44 | €3,622 | €3,260 | -€362 | -10.0% |
| Suppliers | 440/4 | €3,622 | €3,260 | -€362 | -10.0% |
| Advances received on contracts in progress | 46 | €63,055 | €89,793 | +€26,738 | +42.4% |
| Taxes, remuneration and social security | 45 | €36,493 | €45,256 | +€8,762 | +24.0% |
| Taxes | 450/3 | €28,685 | €33,741 | +€5,055 | +17.6% |
| Remuneration and social security | 454/9 | €7,808 | €11,515 | +€3,707 | +47.5% |
| Other amounts payable | 47/48 | €20,644 | - | -€20,644 | |
| Accrued charges and deferred income | 492/3 | €21,697 | €30,558 | +€8,861 | +40.8% |
| Remuneration, social security and pensions | 62 | €75,278 | €83,617 | +€8,339 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €221,636 | €687,491 | +€465,856 | +210% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€13,531 | -€13,531 | |
| Other operating charges | 640/8 | €5,077 | €17,577 | +€12,500 | +246% |
| Gross operating margin | 9900 | €471,842 | €573,696 | +€101,853 | +21.6% |
| Operating profit (loss) | 9901 | €169,852 | -€201,458 | -€371,310 | |
| Financial income | 75/76B | €96,714 | €123,069 | +€26,355 | +27.3% |
| Recurring financial income | 75 | €96,714 | €123,069 | +€26,355 | +27.3% |
| Financial charges | 65/66B | €69,680 | €156,334 | +€86,654 | +124% |
| Recurring financial charges | 65 | €69,680 | €156,334 | +€86,654 | +124% |
| Profit (loss) for the period before taxes | 9903 | €196,885 | -€234,723 | -€431,608 | |
| Transfer from deferred taxes | 780 | €9,405 | €9,500 | +€95 | +1.0% |
| Income taxes | 67/77 | €50,359 | €194 | -€50,165 | -99.6% |
| Profit (loss) for the period | 9904 | €155,932 | -€225,416 | -€381,348 | |
| Transfer from tax-exempt reserves | 789 | €28,216 | €28,501 | +€285 | +1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €184,148 | -€196,916 | -€381,063 |
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 17 October 2026 via checked.be.