PAAM CONSTRUCT: what changed
Two fiscal 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.
PAAM CONSTRUCT
Largest movements
- Tangible fixed assets +€238,988
up €238,988 (+499.5%), from €47,844 to €286,831
of which Land and buildings: +€212,133
- Formation expenses +€23,310
new in 2026: €23,310
- Receivables within one year +€12,314
up €12,314 (+6.3%), from €195,423 to €207,737
of which Other amounts receivable: +€6,414
- Debts after one year +€230,186
new in 2026: €230,186
- Short-term financial debts +€34,117
new in 2026: €34,117
- Trade debts +€21,629
up €21,629 (+23.3%), from €92,801 to €114,429
- Other debts -€7,199
down €7,199 (-30.8%), from €23,352 to €16,153
- Purchases and services +€210,507
up €210,507 (+35.1%), from €599,336 to €809,844
- Turnover +€126,628
up €126,628 (+17.6%), from €718,711 to €845,339
- Gross operating margin -€57,520
down €57,520 (-47.6%), from €120,864 to €63,345
- Taxes -€17,508
down €17,508 (-98.8%), from €17,715 to €207
- Financial charges +€16,874
up €16,874 (+7973.8%), from €212 to €17,086
From the 2025 result to the 2026 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.
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €278,131 | €555,628 | +€277,496 | +99.8% |
| Formation expenses | 20 | - | €23,310 | +€23,310 | |
| Fixed assets | 21/28 | €47,844 | €286,831 | +€238,988 | +499.5% |
| Tangible fixed assets | 22/27 | €47,844 | €286,831 | +€238,988 | +499.5% |
| Land and buildings | 22 | - | €212,133 | +€212,133 | |
| Plant, machinery and equipment | 23 | €39,330 | €17,379 | -€21,951 | -55.8% |
| Furniture and vehicles | 24 | €8,514 | €19,316 | +€10,802 | +126.9% |
| Assets under construction and advance payments | 27 | - | €38,003 | +€38,003 | |
| Current assets | 29/58 | €230,287 | €245,486 | +€15,199 | +6.6% |
| Amounts receivable within one year | 40/41 | €195,423 | €207,737 | +€12,314 | +6.3% |
| Trade receivables | 40 | €181,906 | €187,806 | +€5,900 | +3.2% |
| Other amounts receivable | 41 | €13,517 | €19,931 | +€6,414 | +47.5% |
| Cash at bank and in hand | 54/58 | €34,864 | €37,750 | +€2,885 | +8.3% |
| Total equity and liabilities | 10/49 | €278,131 | €555,628 | +€277,496 | +99.8% |
| Equity | 10/15 | €123,851 | €124,142 | +€291 | +0.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €103,851 | €104,142 | +€291 | +0.3% |
| Amounts payable | 17/49 | €154,280 | €431,485 | +€277,205 | +179.7% |
| Amounts payable after more than one year | 17 | - | €230,186 | +€230,186 | |
| Financial debts | 170/4 | - | €230,186 | +€230,186 | |
| Amounts payable within one year | 42/48 | €154,280 | €201,300 | +€47,020 | +30.5% |
| Financial debts | 43 | - | €34,117 | +€34,117 | |
| Credit institutions | 430/8 | - | €34,117 | +€34,117 | |
| Trade debts | 44 | €92,801 | €114,429 | +€21,629 | +23.3% |
| Suppliers | 440/4 | €92,801 | €114,429 | +€21,629 | +23.3% |
| Taxes, remuneration and social security | 45 | €38,127 | €36,600 | -€1,527 | -4.0% |
| Taxes | 450/3 | €17,715 | €14,922 | -€2,793 | -15.8% |
| Remuneration and social security | 454/9 | €20,412 | €21,678 | +€1,266 | +6.2% |
| Other amounts payable | 47/48 | €23,352 | €16,153 | -€7,199 | -30.8% |
| Turnover | 70 | €718,711 | €845,339 | +€126,628 | +17.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €599,336 | €809,844 | +€210,507 | +35.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,808 | €38,343 | +€12,534 | +48.6% |
| Other operating charges | 640/8 | €6,640 | €7,200 | +€560 | +8.4% |
| Non-recurring operating charges | 66A | - | €2,179 | +€2,179 | |
| Gross operating margin | 9900 | €120,864 | €63,345 | -€57,520 | -47.6% |
| Operating profit (loss) | 9901 | €88,416 | €15,623 | -€72,793 | -82.3% |
| Financial income | 75/76B | €17 | €1,962 | +€1,945 | +11305.3% |
| Recurring financial income | 75 | €17 | €1,962 | +€1,945 | +11305.3% |
| Financial charges | 65/66B | €212 | €17,086 | +€16,874 | +7973.8% |
| Recurring financial charges | 65 | €212 | €17,086 | +€16,874 | +7973.8% |
| Profit (loss) for the period before taxes | 9903 | €88,222 | €499 | -€87,723 | -99.4% |
| Income taxes | 67/77 | €17,715 | €207 | -€17,508 | -98.8% |
| Profit (loss) for the period | 9904 | €70,507 | €291 | -€70,215 | -99.6% |
| Profit (loss) for the period to be appropriated | 9905 | €70,507 | €291 | -€70,215 | -99.6% |
Source: filed annual accounts (NBB), fiscal years ended 28 February 2025 and 28 February 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.