Pabulum Factory: 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.
Pabulum Factory
Largest movements
- Tangible fixed assets +€7,751
up €7,751 (+56.0%), from €13,843 to €21,594
of which Furniture and vehicles: +€11,819
- Stocks and contracts -€7,017
down €7,017 (-82.8%), from €8,478 to €1,461
- Receivables within one year +€5,498
up €5,498 (+18.7%), from €29,331 to €34,829
of which Trade receivables: +€9,005
- Cash -€3,287
no longer reported in 2025 (was €3,287)
mainly Investment in fixed assets (net) (-€10,401) and Other debts (-€6,143)
- Financial fixed assets -€1,000
no longer reported in 2025 (was €1,000)
- Short-term financial debts +€6,349
new in 2025: €6,349
- Other debts -€6,143
down €6,143 (-38.8%), from €15,822 to €9,679
- Profit (loss) carried forward +€1,652
up €1,652 (+5.4%), from -€30,793 to -€29,141
- Gross operating margin -€18,569
down €18,569 (-63.4%), from €29,295 to €10,726
- Other operating charges +€3,473
up €3,473 (+6,041%), from €57 to €3,531
- Depreciation +€632
up €632 (+18.9%), from €3,348 to €3,980
- Financial income +€332
up €332 (+41,445%), from €1 to €332
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 | €59,353 | €61,317 | +€1,964 | +3.3% |
| Fixed assets | 21/28 | €16,163 | €22,584 | +€6,421 | +39.7% |
| Intangible fixed assets | 21 | €1,320 | €990 | -€330 | -25.0% |
| Tangible fixed assets | 22/27 | €13,843 | €21,594 | +€7,751 | +56.0% |
| Land and buildings | 22 | €10,497 | €9,117 | -€1,380 | -13.1% |
| Plant, machinery and equipment | 23 | €2,688 | - | -€2,688 | |
| Furniture and vehicles | 24 | €658 | €12,477 | +€11,819 | +1,797% |
| Financial fixed assets | 28 | €1,000 | - | -€1,000 | |
| Current assets | 29/58 | €43,191 | €38,733 | -€4,457 | -10.3% |
| Stocks and contracts in progress | 3 | €8,478 | €1,461 | -€7,017 | -82.8% |
| Stocks | 30/36 | €8,478 | €1,461 | -€7,017 | -82.8% |
| Amounts receivable within one year | 40/41 | €29,331 | €34,829 | +€5,498 | +18.7% |
| Trade receivables | 40 | €25,825 | €34,829 | +€9,005 | +34.9% |
| Other amounts receivable | 41 | €3,506 | - | -€3,506 | |
| Cash at bank and in hand | 54/58 | €3,287 | - | -€3,287 | |
| Deferred charges and accrued income | 490/1 | €2,094 | €2,443 | +€349 | +16.7% |
| Total equity and liabilities | 10/49 | €59,353 | €61,317 | +€1,964 | +3.3% |
| Equity | 10/15 | €20,595 | €21,923 | +€1,328 | +6.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,793 | -€29,141 | +€1,652 | +5.4% |
| Investment grants | 15 | €1,388 | €1,064 | -€324 | -23.4% |
| Amounts payable | 17/49 | €38,758 | €39,394 | +€636 | +1.6% |
| Amounts payable after more than one year | 17 | €1,200 | €1,200 | = | 0.0% |
| Other amounts payable | 178/9 | €1,200 | €1,200 | = | 0.0% |
| Amounts payable within one year | 42/48 | €34,083 | €34,758 | +€675 | +2.0% |
| Financial debts | 43 | - | €6,349 | +€6,349 | |
| Credit institutions | 430/8 | - | €6,349 | +€6,349 | |
| Trade debts | 44 | €18,262 | €18,440 | +€179 | +1.0% |
| Suppliers | 440/4 | €18,262 | €18,440 | +€179 | +1.0% |
| Taxes, remuneration and social security | 45 | - | €290 | +€290 | |
| Taxes | 450/3 | - | €290 | +€290 | |
| Other amounts payable | 47/48 | €15,822 | €9,679 | -€6,143 | -38.8% |
| Accrued charges and deferred income | 492/3 | €3,475 | €3,436 | -€39 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,348 | €3,980 | +€632 | +18.9% |
| Other operating charges | 640/8 | €57 | €3,531 | +€3,473 | +6,041% |
| Gross operating margin | 9900 | €29,295 | €10,726 | -€18,569 | -63.4% |
| Operating profit (loss) | 9901 | €25,889 | €3,215 | -€22,674 | -87.6% |
| Financial income | 75/76B | €1 | €332 | +€332 | +41,445% |
| Recurring financial income | 75 | €1 | €332 | +€332 | +41,445% |
| Financial charges | 65/66B | €1,613 | €1,856 | +€243 | +15.1% |
| Recurring financial charges | 65 | €1,613 | €1,856 | +€243 | +15.1% |
| Profit (loss) for the period before taxes | 9903 | €24,277 | €1,691 | -€22,586 | -93.0% |
| Income taxes | 67/77 | - | €39 | +€39 | |
| Profit (loss) for the period | 9904 | €24,277 | €1,652 | -€22,625 | -93.2% |
| Profit (loss) for the period to be appropriated | 9905 | €24,277 | €1,652 | -€22,625 | -93.2% |
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 23 October 2026 via checked.be.