PAESTUM: 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.
PAESTUM
Largest movements
- Tangible fixed assets -€57,339
down €57,339 (-4.1%), from €1.4m to €1.3m
of which Land and buildings: -€41,989
- Cash -€36,295
down €36,295 (-10.3%), from €351,702 to €315,407
mainly Debts after one year (-€58,812) and Other debts (-€23,255)
- Debts after one year -€58,812
down €58,812 (-8.8%), from €672,067 to €613,255
of which Financial debts: -€58,812
- Profit (loss) carried forward +€27,098
up €27,098 (+10.6%), from €255,723 to €282,821
- Other debts -€23,255
down €23,255 (-14.5%), from €160,218 to €136,964
- Gross operating margin +€15,770
up €15,770 (+27.9%), from €56,506 to €72,276
- Taxes -€5,187
no longer reported in 2025 (was €5,187)
- Financial income -€5,003
down €5,003 (-60.3%), from €8,291 to €3,288
- Financial charges +€3,835
up €3,835 (+37.4%), from €10,252 to €14,087
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 | €1,759,219 | €1,664,585 | -€94,634 | -5.4% |
| Fixed assets | 21/28 | €1,406,518 | €1,349,179 | -€57,339 | -4.1% |
| Tangible fixed assets | 22/27 | €1,406,518 | €1,349,179 | -€57,339 | -4.1% |
| Land and buildings | 22 | €1,286,835 | €1,244,847 | -€41,989 | -3.3% |
| Plant, machinery and equipment | 23 | €670 | - | -€670 | |
| Other tangible fixed assets | 26 | €119,013 | €104,332 | -€14,681 | -12.3% |
| Current assets | 29/58 | €352,702 | €315,407 | -€37,295 | -10.6% |
| Amounts receivable within one year | 40/41 | €1,000 | - | -€1,000 | |
| Other amounts receivable | 41 | €1,000 | - | -€1,000 | |
| Cash at bank and in hand | 54/58 | €351,702 | €315,407 | -€36,295 | -10.3% |
| Total equity and liabilities | 10/49 | €1,759,219 | €1,664,585 | -€94,634 | -5.4% |
| Equity | 10/15 | €631,475 | €642,393 | +€10,918 | +1.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €313,752 | €297,573 | -€16,180 | -5.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €307,552 | €291,373 | -€16,180 | -5.3% |
| Profit (loss) carried forward | 14 | €255,723 | €282,821 | +€27,098 | +10.6% |
| Provisions and deferred taxes | 16 | €158,366 | €150,035 | -€8,331 | -5.3% |
| Deferred taxes | 168 | €158,366 | €150,035 | -€8,331 | -5.3% |
| Amounts payable | 17/49 | €969,379 | €872,157 | -€97,221 | -10.0% |
| Amounts payable after more than one year | 17 | €672,067 | €613,255 | -€58,812 | -8.8% |
| Financial debts | 170/4 | €653,739 | €594,927 | -€58,812 | -9.0% |
| Other amounts payable | 178/9 | €18,328 | €18,328 | = | 0.0% |
| Amounts payable within one year | 42/48 | €297,312 | €258,902 | -€38,410 | -12.9% |
| Current portion of amounts payable after more than one year | 42 | €87,867 | €71,913 | -€15,954 | -18.2% |
| Trade debts | 44 | €40 | €840 | +€799 | +1,983% |
| Suppliers | 440/4 | €40 | €840 | +€799 | +1,983% |
| Taxes, remuneration and social security | 45 | €49,186 | €49,186 | = | 0.0% |
| Taxes | 450/3 | €49,186 | €49,186 | = | 0.0% |
| Other amounts payable | 47/48 | €160,218 | €136,964 | -€23,255 | -14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,339 | €57,339 | = | 0.0% |
| Other operating charges | 640/8 | €968 | €1,551 | +€583 | +60.3% |
| Gross operating margin | 9900 | €56,506 | €72,276 | +€15,770 | +27.9% |
| Operating profit (loss) | 9901 | -€1,801 | €13,386 | +€15,187 | |
| Financial income | 75/76B | €8,291 | €3,288 | -€5,003 | -60.3% |
| Recurring financial income | 75 | €8,291 | €3,288 | -€5,003 | -60.3% |
| Financial charges | 65/66B | €10,252 | €14,087 | +€3,835 | +37.4% |
| Recurring financial charges | 65 | €10,252 | €14,087 | +€3,835 | +37.4% |
| Profit (loss) for the period before taxes | 9903 | -€3,762 | €2,587 | +€6,349 | |
| Transfer from deferred taxes | 780 | €8,331 | €8,331 | = | 0.0% |
| Income taxes | 67/77 | €5,187 | - | -€5,187 | |
| Profit (loss) for the period | 9904 | -€618 | €10,918 | +€11,536 | |
| Transfer from tax-exempt reserves | 789 | €16,180 | €16,180 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,562 | €27,098 | +€11,536 | +74.1% |
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 25 October 2026 via checked.be.