P.A.G.: 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.
P.A.G.
Largest movements
- Cash -€3,842
down €3,842 (-38.8%), from €9,896 to €6,054
mainly Trade debts (-€4,140) and Accrued charges and deferred income (-€281)
- Receivables within one year -€744
down €744 (-3.0%), from €24,632 to €23,888
of which Trade receivables: -€9,674
- Trade debts -€4,140
down €4,140 (-70.5%), from €5,869 to €1,729
- Gross operating margin -€3,345
down €3,345 (-42.6%), from €7,855 to €4,510
- Purchases and services +€3,142
up €3,142 (+27.3%), from €11,524 to €14,666
- Other operating charges +€2,867
up €2,867 (+1,927%), from €149 to €3,015
- Financial charges +€1,123
up €1,123 (+164%), from €683 to €1,806
- Taxes +€819
up €819 (+509%), from €161 to €980
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €34,528 | €29,942 | -€4,586 | -13.3% |
| Fixed assets | 21/28 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €34,528 | €29,942 | -€4,586 | -13.3% |
| Amounts receivable within one year | 40/41 | €24,632 | €23,888 | -€744 | -3.0% |
| Trade receivables | 40 | €10,833 | €1,159 | -€9,674 | -89.3% |
| Other amounts receivable | 41 | €13,799 | €22,729 | +€8,930 | +64.7% |
| Cash at bank and in hand | 54/58 | €9,896 | €6,054 | -€3,842 | -38.8% |
| Total equity and liabilities | 10/49 | €34,528 | €29,942 | -€4,586 | -13.3% |
| Equity | 10/15 | €26,899 | €26,685 | -€215 | -0.8% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,039 | €17,825 | -€215 | -1.2% |
| Amounts payable | 17/49 | €7,628 | €3,258 | -€4,371 | -57.3% |
| Amounts payable within one year | 42/48 | €6,960 | €2,870 | -€4,090 | -58.8% |
| Trade debts | 44 | €5,869 | €1,729 | -€4,140 | -70.5% |
| Suppliers | 440/4 | €5,869 | €1,729 | -€4,140 | -70.5% |
| Taxes, remuneration and social security | 45 | €1,091 | €1,141 | +€50 | +4.6% |
| Taxes | 450/3 | €1,091 | €1,141 | +€50 | +4.6% |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Accrued charges and deferred income | 492/3 | €669 | €387 | -€281 | -42.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €11,524 | €14,666 | +€3,142 | +27.3% |
| Other operating charges | 640/8 | €149 | €3,015 | +€2,867 | +1,927% |
| Gross operating margin | 9900 | €7,855 | €4,510 | -€3,345 | -42.6% |
| Operating profit (loss) | 9901 | €7,706 | €1,495 | -€6,211 | -80.6% |
| Financial income | 75/76B | €670 | €1,077 | +€407 | +60.7% |
| Recurring financial income | 75 | €670 | €1,077 | +€407 | +60.7% |
| Financial charges | 65/66B | €683 | €1,806 | +€1,123 | +164% |
| Recurring financial charges | 65 | €683 | €1,806 | +€1,123 | +164% |
| Profit (loss) for the period before taxes | 9903 | €7,693 | €765 | -€6,928 | -90.1% |
| Income taxes | 67/77 | €161 | €980 | +€819 | +509% |
| Profit (loss) for the period | 9904 | €7,532 | -€215 | -€7,747 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,532 | -€215 | -€7,747 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.