LE PAON: 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.
LE PAON
Largest movements
- Tangible fixed assets -€25,606
down €25,606 (-15.9%), from €161,282 to €135,676
of which Other tangible fixed assets: -€23,433
- Debts after one year -€15,138
down €15,138 (-19.1%), from €79,210 to €64,072
- Profit (loss) carried forward -€13,215
down €13,215 (-18.1%), from -€73,021 to -€86,236
- Other debts +€2,053
up €2,053 (+1.7%), from €119,985 to €122,038
- Gross operating margin -€12,252
down €12,252 (-45.2%), from €27,126 to €14,873
- Financial charges -€1,565
down €1,565 (-62.6%), from €2,500 to €935
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 | €164,065 | €137,663 | -€26,403 | -16.1% |
| Fixed assets | 21/28 | €161,282 | €135,676 | -€25,606 | -15.9% |
| Tangible fixed assets | 22/27 | €161,282 | €135,676 | -€25,606 | -15.9% |
| Land and buildings | 22 | €7,150 | €4,977 | -€2,173 | -30.4% |
| Other tangible fixed assets | 26 | €154,133 | €130,700 | -€23,433 | -15.2% |
| Current assets | 29/58 | €2,783 | €1,986 | -€797 | -28.6% |
| Cash at bank and in hand | 54/58 | €2,783 | €1,986 | -€797 | -28.6% |
| Total equity and liabilities | 10/49 | €164,065 | €137,663 | -€26,403 | -16.1% |
| Equity | 10/15 | -€53,040 | -€66,255 | -€13,215 | -24.9% |
| Contributions | 10/11 | €13,944 | €13,944 | = | 0.0% |
| Reserves | 13 | €6,037 | €6,037 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,537 | €1,537 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,537 | €1,537 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,500 | €4,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,021 | -€86,236 | -€13,215 | -18.1% |
| Amounts payable | 17/49 | €217,106 | €203,918 | -€13,188 | -6.1% |
| Amounts payable after more than one year | 17 | €79,210 | €64,072 | -€15,138 | -19.1% |
| Financial debts | 170/4 | €79,210 | €64,072 | -€15,138 | -19.1% |
| Amounts payable within one year | 42/48 | €137,895 | €139,846 | +€1,950 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €14,801 | €15,138 | +€336 | +2.3% |
| Trade debts | 44 | €2,911 | €2,472 | -€439 | -15.1% |
| Suppliers | 440/4 | €2,911 | €2,472 | -€439 | -15.1% |
| Taxes, remuneration and social security | 45 | €198 | €198 | = | 0.0% |
| Taxes | 450/3 | €198 | €198 | = | 0.0% |
| Other amounts payable | 47/48 | €119,985 | €122,038 | +€2,053 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,368 | €25,606 | +€238 | +0.9% |
| Other operating charges | 640/8 | €1,522 | €1,547 | +€25 | +1.6% |
| Gross operating margin | 9900 | €27,126 | €14,873 | -€12,252 | -45.2% |
| Operating profit (loss) | 9901 | €235 | -€12,280 | -€12,515 | |
| Financial charges | 65/66B | €2,500 | €935 | -€1,565 | -62.6% |
| Recurring financial charges | 65 | €2,500 | €935 | -€1,565 | -62.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,265 | -€13,215 | -€10,950 | -484% |
| Profit (loss) for the period | 9904 | -€2,265 | -€13,215 | -€10,950 | -484% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,265 | -€13,215 | -€10,950 | -484% |
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 25 October 2026 via checked.be.