PAF4U: 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.
PAF4U
Largest movements
- Receivables within one year +€12,762
up €12,762 (+56.4%), from €22,608 to €35,370
of which Other amounts receivable: +€11,605
- Stocks and contracts -€5,307
down €5,307 (-100.0%), from €5,307 to €0
- Tangible fixed assets +€1,128
new in 2025: €1,128
- Cash +€548
up €548 (+825.3%), from €66 to €615
mainly Net result for the year (+€13,555) and Tax, wage and social debts (+€12,650)
- Trade debts -€16,926
down €16,926 (-73.8%), from €22,934 to €6,009
- Profit (loss) carried forward +€13,555
up €13,555, from -€3,226 to €10,330
- Tax, wage and social debts +€12,650
up €12,650 (+239.9%), from €5,274 to €17,924
of which Taxes: +€15,240
- Gross operating margin +€20,459
up €20,459 (+332.1%), from €6,160 to €26,619
- Taxes +€5,945
up €5,945 (+349.3%), from €1,702 to €7,648
- Financial charges -€1,263
down €1,263 (-22.5%), from €5,606 to €4,343
- Other operating charges -€1,031
down €1,031 (-49.6%), from €2,077 to €1,047
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.
Cash bridge derived
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 | €28,482 | €37,762 | +€9,280 | +32.6% |
| Fixed assets | 21/28 | - | €1,128 | +€1,128 | |
| Tangible fixed assets | 22/27 | - | €1,128 | +€1,128 | |
| Furniture and vehicles | 24 | - | €1,128 | +€1,128 | |
| Current assets | 29/58 | €28,482 | €36,635 | +€8,152 | +28.6% |
| Amounts receivable after more than one year | 29 | €500 | €650 | +€150 | +30.0% |
| Other amounts receivable | 291 | €500 | €650 | +€150 | +30.0% |
| Stocks and contracts in progress | 3 | €5,307 | €0 | -€5,307 | -100.0% |
| Stocks | 30/36 | €5,307 | €0 | -€5,307 | -100.0% |
| Amounts receivable within one year | 40/41 | €22,608 | €35,370 | +€12,762 | +56.4% |
| Trade receivables | 40 | €11,162 | €12,319 | +€1,157 | +10.4% |
| Other amounts receivable | 41 | €11,447 | €23,052 | +€11,605 | +101.4% |
| Cash at bank and in hand | 54/58 | €66 | €615 | +€548 | +825.3% |
| Total equity and liabilities | 10/49 | €28,482 | €37,762 | +€9,280 | +32.6% |
| Equity | 10/15 | €274 | €13,830 | +€13,555 | +4939.0% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,226 | €10,330 | +€13,555 | |
| Amounts payable | 17/49 | €28,208 | €23,933 | -€4,275 | -15.2% |
| Amounts payable within one year | 42/48 | €28,208 | €23,933 | -€4,275 | -15.2% |
| Trade debts | 44 | €22,934 | €6,009 | -€16,926 | -73.8% |
| Suppliers | 440/4 | €22,934 | €6,009 | -€16,926 | -73.8% |
| Taxes, remuneration and social security | 45 | €5,274 | €17,924 | +€12,650 | +239.9% |
| Taxes | 450/3 | €2,684 | €17,924 | +€15,240 | +567.9% |
| Remuneration and social security | 454/9 | €2,590 | €0 | -€2,590 | -100.0% |
| Non-recurring operating income | 76A | €571 | €0 | -€571 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €29 | +€29 | |
| Other operating charges | 640/8 | €2,077 | €1,047 | -€1,031 | -49.6% |
| Gross operating margin | 9900 | €6,160 | €26,619 | +€20,459 | +332.1% |
| Operating profit (loss) | 9901 | €4,083 | €25,544 | +€21,461 | +525.7% |
| Financial income | 75/76B | €1 | €2 | +€2 | +394.0% |
| Recurring financial income | 75 | €1 | €2 | +€2 | +394.0% |
| Financial charges | 65/66B | €5,606 | €4,343 | -€1,263 | -22.5% |
| Recurring financial charges | 65 | €5,606 | €4,343 | -€1,263 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,523 | €21,203 | +€22,726 | |
| Income taxes | 67/77 | €1,702 | €7,648 | +€5,945 | +349.3% |
| Profit (loss) for the period | 9904 | -€3,226 | €13,555 | +€16,781 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,226 | €13,555 | +€16,781 |
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 11 October 2026 via checked.be.