PIMCO: 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.
PIMCO
Largest movements
- Receivables within one year -€8,661
down €8,661 (-27.7%), from €31,303 to €22,642
of which Trade receivables: -€21,689
- Deferred charges and accrued income -€2,646
down €2,646 (-26.1%), from €10,121 to €7,475
- Reserves -€13,630
down €13,630 (-44.6%), from €30,532 to €16,901
of which Distributable reserves: -€13,630
- Other debts +€11,549
up €11,549 (+555%), from €2,081 to €13,630
- Trade debts -€9,163
down €9,163 (-91.3%), from €10,035 to €873
- Profit (loss) carried forward -€1,495
new in 2025: -€1,495
- Tax, wage and social debts +€1,339
up €1,339 (+13.1%), from €10,245 to €11,584
of which Remuneration and social security: +€1,406
- Gross operating margin -€9,833
down €9,833 (-13.7%), from €71,621 to €61,788
- Staff costs +€4,886
up €4,886 (+8.6%), from €56,798 to €61,683
- Taxes -€1,134
down €1,134 (-100%), from €1,134 to €0
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 | €59,093 | €47,693 | -€11,400 | -19.3% |
| Fixed assets | 21/28 | €12 | €0 | -€12 | -100% |
| Tangible fixed assets | 22/27 | €12 | €0 | -€12 | -100% |
| Furniture and vehicles | 24 | €12 | €0 | -€12 | -100% |
| Current assets | 29/58 | €59,081 | €47,693 | -€11,388 | -19.3% |
| Amounts receivable within one year | 40/41 | €31,303 | €22,642 | -€8,661 | -27.7% |
| Trade receivables | 40 | €31,187 | €9,499 | -€21,689 | -69.5% |
| Other amounts receivable | 41 | €116 | €13,144 | +€13,028 | +11,236% |
| Cash at bank and in hand | 54/58 | €17,657 | €17,575 | -€81 | -0.5% |
| Deferred charges and accrued income | 490/1 | €10,121 | €7,475 | -€2,646 | -26.1% |
| Total equity and liabilities | 10/49 | €59,093 | €47,693 | -€11,400 | -19.3% |
| Equity | 10/15 | €36,732 | €21,606 | -€15,125 | -41.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €30,532 | €16,901 | -€13,630 | -44.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €28,672 | €15,041 | -€13,630 | -47.5% |
| Profit (loss) carried forward | 14 | - | -€1,495 | -€1,495 | |
| Amounts payable | 17/49 | €22,361 | €26,087 | +€3,726 | +16.7% |
| Amounts payable within one year | 42/48 | €22,361 | €26,087 | +€3,726 | +16.7% |
| Trade debts | 44 | €10,035 | €873 | -€9,163 | -91.3% |
| Suppliers | 440/4 | €10,035 | €873 | -€9,163 | -91.3% |
| Taxes, remuneration and social security | 45 | €10,245 | €11,584 | +€1,339 | +13.1% |
| Taxes | 450/3 | €3,164 | €3,097 | -€66 | -2.1% |
| Remuneration and social security | 454/9 | €7,081 | €8,487 | +€1,406 | +19.9% |
| Other amounts payable | 47/48 | €2,081 | €13,630 | +€11,549 | +555% |
| Non-recurring operating income | 76A | €8,250 | €0 | -€8,250 | -100% |
| Remuneration, social security and pensions | 62 | €56,798 | €61,683 | +€4,886 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €311 | €12 | -€299 | -96.1% |
| Other operating charges | 640/8 | €1,888 | €1,431 | -€457 | -24.2% |
| Gross operating margin | 9900 | €71,621 | €61,788 | -€9,833 | -13.7% |
| Operating profit (loss) | 9901 | €12,624 | -€1,339 | -€13,963 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €152 | €156 | +€5 | +3.2% |
| Recurring financial charges | 65 | €152 | €156 | +€5 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | €12,473 | -€1,495 | -€13,968 | |
| Income taxes | 67/77 | €1,134 | €0 | -€1,134 | -100% |
| Profit (loss) for the period | 9904 | €11,339 | -€1,495 | -€12,834 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,339 | -€1,495 | -€12,834 |
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 18 October 2026 via checked.be.