PIMACO: 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.
PIMACO
Largest movements
- Cash -€136,344
down €136,344 (-74.5%), from €182,953 to €46,608
mainly Contributions, distributions and other (-€257,389) and Receivables within one year (-€16,586)
- Receivables within one year +€16,586
up €16,586 (+52.0%), from €31,866 to €48,452
of which Other amounts receivable: +€9,375
- Reserves -€190,591
down €190,591 (-100%), from €190,591 to €0
- Other debts +€66,550
up €66,550 (+3,907%), from €1,703 to €68,253
- Profit (loss) carried forward +€8,075
up €8,075, from -€8,075 to €0
- Tax, wage and social debts -€3,351
down €3,351 (-31.9%), from €10,514 to €7,163
- Gross operating margin -€22,473
down €22,473 (-19.5%), from €114,972 to €92,499
- Taxes +€15,503
up €15,503 (+5,234%), from €296 to €15,799
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 | €217,702 | €98,218 | -€119,484 | -54.9% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €217,702 | €98,218 | -€119,484 | -54.9% |
| Amounts receivable within one year | 40/41 | €31,866 | €48,452 | +€16,586 | +52.0% |
| Trade receivables | 40 | €31,763 | €38,974 | +€7,211 | +22.7% |
| Other amounts receivable | 41 | €104 | €9,479 | +€9,375 | +9,032% |
| Cash at bank and in hand | 54/58 | €182,953 | €46,608 | -€136,344 | -74.5% |
| Deferred charges and accrued income | 490/1 | €2,883 | €3,157 | +€274 | +9.5% |
| Total equity and liabilities | 10/49 | €217,702 | €98,218 | -€119,484 | -54.9% |
| Equity | 10/15 | €201,115 | €18,600 | -€182,515 | -90.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €190,591 | €0 | -€190,591 | -100% |
| Distributable reserves | 133 | €190,591 | €0 | -€190,591 | -100% |
| Profit (loss) carried forward | 14 | -€8,075 | €0 | +€8,075 | |
| Amounts payable | 17/49 | €16,587 | €79,618 | +€63,031 | +380% |
| Amounts payable within one year | 42/48 | €15,087 | €78,118 | +€63,031 | +418% |
| Trade debts | 44 | €2,870 | €2,702 | -€168 | -5.9% |
| Suppliers | 440/4 | €2,870 | €2,702 | -€168 | -5.9% |
| Taxes, remuneration and social security | 45 | €10,514 | €7,163 | -€3,351 | -31.9% |
| Taxes | 450/3 | €10,514 | €7,163 | -€3,351 | -31.9% |
| Other amounts payable | 47/48 | €1,703 | €68,253 | +€66,550 | +3,907% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Non-recurring operating income | 76A | €10,193 | €0 | -€10,193 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €1,775 | €1,037 | -€738 | -41.6% |
| Gross operating margin | 9900 | €114,972 | €92,499 | -€22,473 | -19.5% |
| Operating profit (loss) | 9901 | €113,197 | €91,462 | -€21,735 | -19.2% |
| Financial income | 75/76B | €40 | €522 | +€482 | +1,198% |
| Recurring financial income | 75 | €40 | €522 | +€482 | +1,198% |
| Financial charges | 65/66B | €1,562 | €1,311 | -€251 | -16.0% |
| Recurring financial charges | 65 | €1,562 | €1,311 | -€251 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €111,676 | €90,673 | -€21,002 | -18.8% |
| Income taxes | 67/77 | €296 | €15,799 | +€15,503 | +5,234% |
| Profit (loss) for the period | 9904 | €111,379 | €74,874 | -€36,505 | -32.8% |
| Profit (loss) for the period to be appropriated | 9905 | €111,379 | €74,874 | -€36,505 | -32.8% |
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.