P.A.-TRADING: 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.-TRADING
Largest movements
- Tangible fixed assets +€11,975
up €11,975 (+17.1%), from €69,976 to €81,951
of which Furniture and vehicles: +€11,764
- Receivables within one year -€8,423
down €8,423 (-5.4%), from €156,141 to €147,718
of which Other amounts receivable: -€23,669
- Cash +€4,092
up €4,092 (+2,039%), from €201 to €4,293
mainly Net result for the year (+€59,744) and Depreciation (+€10,482)
- Trade debts -€71,650
down €71,650 (-86.7%), from €82,658 to €11,008
- Reserves +€59,744
up €59,744 (+54.6%), from €109,410 to €169,154
- Tax, wage and social debts +€10,172
up €10,172 (+19.2%), from €53,050 to €63,222
- Other debts +€9,378
up €9,378, from €0 to €9,378
- Gross operating margin +€10,128
up €10,128 (+11.7%), from €86,502 to €96,630
- Taxes +€5,932
up €5,932 (+21.7%), from €27,376 to €33,307
- Depreciation -€2,862
down €2,862 (-21.4%), from €13,344 to €10,482
- Financial income +€2,030
up €2,030 (+26.2%), from €7,762 to €9,792
- Other operating charges +€1,512
up €1,512 (+232%), from €653 to €2,165
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 | €376,318 | €383,962 | +€7,644 | +2.0% |
| Fixed assets | 21/28 | €69,976 | €81,951 | +€11,975 | +17.1% |
| Tangible fixed assets | 22/27 | €69,976 | €81,951 | +€11,975 | +17.1% |
| Land and buildings | 22 | €36,058 | €34,909 | -€1,149 | -3.2% |
| Plant, machinery and equipment | 23 | €0 | €1,360 | +€1,360 | |
| Furniture and vehicles | 24 | €33,918 | €45,682 | +€11,764 | +34.7% |
| Current assets | 29/58 | €306,342 | €302,011 | -€4,331 | -1.4% |
| Amounts receivable after more than one year | 29 | €150,000 | €150,000 | = | 0.0% |
| Other amounts receivable | 291 | €150,000 | €150,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €156,141 | €147,718 | -€8,423 | -5.4% |
| Trade receivables | 40 | €0 | €15,246 | +€15,246 | |
| Other amounts receivable | 41 | €156,141 | €132,472 | -€23,669 | -15.2% |
| Cash at bank and in hand | 54/58 | €201 | €4,293 | +€4,092 | +2,039% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €376,318 | €383,962 | +€7,644 | +2.0% |
| Equity | 10/15 | €240,610 | €300,354 | +€59,744 | +24.8% |
| Contributions | 10/11 | €131,200 | €131,200 | = | 0.0% |
| Reserves | 13 | €109,410 | €169,154 | +€59,744 | +54.6% |
| Distributable reserves | 133 | €109,410 | €169,154 | +€59,744 | +54.6% |
| Amounts payable | 17/49 | €135,707 | €83,608 | -€52,099 | -38.4% |
| Amounts payable within one year | 42/48 | €135,707 | €83,608 | -€52,099 | -38.4% |
| Trade debts | 44 | €82,658 | €11,008 | -€71,650 | -86.7% |
| Suppliers | 440/4 | €82,658 | €11,008 | -€71,650 | -86.7% |
| Taxes, remuneration and social security | 45 | €53,050 | €63,222 | +€10,172 | +19.2% |
| Taxes | 450/3 | €53,050 | €63,222 | +€10,172 | +19.2% |
| Other amounts payable | 47/48 | €0 | €9,378 | +€9,378 | |
| Non-recurring operating income | 76A | - | €15,669 | +€15,669 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,344 | €10,482 | -€2,862 | -21.4% |
| Other operating charges | 640/8 | €653 | €2,165 | +€1,512 | +232% |
| Gross operating margin | 9900 | €86,502 | €96,630 | +€10,128 | +11.7% |
| Operating profit (loss) | 9901 | €72,505 | €83,983 | +€11,478 | +15.8% |
| Financial income | 75/76B | €7,762 | €9,792 | +€2,030 | +26.2% |
| Recurring financial income | 75 | €7,762 | €9,792 | +€2,030 | +26.2% |
| Financial charges | 65/66B | €281 | €724 | +€443 | +158% |
| Recurring financial charges | 65 | €281 | €724 | +€443 | +158% |
| Profit (loss) for the period before taxes | 9903 | €79,986 | €93,051 | +€13,065 | +16.3% |
| Income taxes | 67/77 | €27,376 | €33,307 | +€5,932 | +21.7% |
| Profit (loss) for the period | 9904 | €52,610 | €59,744 | +€7,134 | +13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €52,610 | €59,744 | +€7,134 | +13.6% |
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 22 October 2026 via checked.be.