PA Group Holding: what changed
What changed
PA Group Holding
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
-€388,165
2024 · -€379,294-€8,871
Equity
-€23,239
2024 · €364,926-€388,165
Cash
€963
2024 · €485+€478
Balance sheet total
€6.4m
2024 · €6.4m-€198
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Profit (loss) carried forward -€388,165
down €388,165 (-126%), from -€307,785 to -€695,950
- Trade debts +€317,558
up €317,558 (+589%), from €53,909 to €371,467
Income statement
- Gross operating margin -€46,020
down €46,020 (-959%), from -€4,801 to -€50,821
- Financial charges -€38,398
down €38,398 (-10.3%), from €374,147 to €335,749
- Other operating charges +€998
up €998 (+288%), from €346 to €1,345
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€379,294
Gross operating margin
-€46,020
Other operating charges
-€998
Financial charges
+€38,398
Taxes
-€250
Result 2025
-€388,165
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€478
Investment
€0
Financing
€0
Cash 2024
€485
From operations (derived)
+€478
Net result for the year
-€388,165
Receivables within one year
+€676
Trade debts
+€317,558
Other debts
+€21,799
Accrued charges and deferred income
+€48,610
Cash 2025
€963
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,392,551 | €6,392,353 | -€198 | 0.0% |
| Fixed assets | 21/28 | €5,817,000 | €5,817,000 | = | 0.0% |
| Financial fixed assets | 28 | €5,817,000 | €5,817,000 | = | 0.0% |
| Current assets | 29/58 | €575,551 | €575,353 | -€198 | 0.0% |
| Amounts receivable within one year | 40/41 | €575,066 | €574,390 | -€676 | -0.1% |
| Trade receivables | 40 | - | €46,336 | +€46,336 | |
| Other amounts receivable | 41 | €575,066 | €528,054 | -€47,012 | -8.2% |
| Cash at bank and in hand | 54/58 | €485 | €963 | +€478 | +98.4% |
| Total equity and liabilities | 10/49 | €6,392,551 | €6,392,353 | -€198 | 0.0% |
| Equity | 10/15 | €364,926 | -€23,239 | -€388,165 | |
| Contributions | 10/11 | €672,711 | €672,711 | = | 0.0% |
| Capital | 10 | €672,711 | €672,711 | = | 0.0% |
| Issued capital | 100 | €672,711 | €672,711 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€307,785 | -€695,950 | -€388,165 | -126% |
| Amounts payable | 17/49 | €6,027,625 | €6,415,592 | +€387,967 | +6.4% |
| Amounts payable after more than one year | 17 | €4,407,830 | €4,407,830 | = | 0.0% |
| Financial debts | 170/4 | €4,407,830 | €4,407,830 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,611,671 | €1,951,027 | +€339,357 | +21.1% |
| Trade debts | 44 | €53,909 | €371,467 | +€317,558 | +589% |
| Suppliers | 440/4 | €53,909 | €371,467 | +€317,558 | +589% |
| Other amounts payable | 47/48 | €1,557,761 | €1,579,560 | +€21,799 | +1.4% |
| Accrued charges and deferred income | 492/3 | €8,124 | €56,734 | +€48,610 | +598% |
| Other operating charges | 640/8 | €346 | €1,345 | +€998 | +288% |
| Gross operating margin | 9900 | -€4,801 | -€50,821 | -€46,020 | -959% |
| Operating profit (loss) | 9901 | -€5,147 | -€52,166 | -€47,019 | -914% |
| Financial charges | 65/66B | €374,147 | €335,749 | -€38,398 | -10.3% |
| Recurring financial charges | 65 | €374,147 | €335,749 | -€38,398 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | -€379,294 | -€387,915 | -€8,621 | -2.3% |
| Income taxes | 67/77 | - | €250 | +€250 | |
| Profit (loss) for the period | 9904 | -€379,294 | -€388,165 | -€8,871 | -2.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€379,294 | -€388,165 | -€8,871 | -2.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.