Paff001: 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.
Paff001
Largest movements
- Stocks and contracts -€20,549
down €20,549 (-43.4%), from €47,293 to €26,744
- Cash -€11,680
down €11,680 (-48.9%), from €23,882 to €12,202
mainly Net result for the year (-€40,212) and Receivables within one year (-€10,019)
- Receivables within one year +€10,019
up €10,019 (+838%), from €1,196 to €11,215
of which Other amounts receivable: +€6,384
- Profit (loss) carried forward -€40,212
down €40,212, from €6,600 to -€33,612
- Trade debts +€20,528
up €20,528 (+57.1%), from €35,949 to €56,477
- Other debts +€8,447
up €8,447 (+87.7%), from €9,637 to €18,084
- Debts after one year -€6,026
no longer reported in 2025 (was €6,026)
- Current portion of long-term debt -€3,933
down €3,933 (-43.3%), from €9,085 to €5,151
- Gross operating margin -€45,181
down €45,181, from €32,516 to -€12,665
- Staff costs +€12,678
up €12,678 (+125%), from €10,179 to €22,857
- Other operating charges -€12,282
no longer reported in 2025 (was €12,282)
- Financial charges +€2,981
up €2,981 (+172%), from €1,731 to €4,712
- Taxes -€1,724
no longer reported in 2025 (was €1,724)
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 | €72,372 | €50,162 | -€22,210 | -30.7% |
| Current assets | 29/58 | €72,372 | €50,162 | -€22,210 | -30.7% |
| Stocks and contracts in progress | 3 | €47,293 | €26,744 | -€20,549 | -43.4% |
| Stocks | 30/36 | €47,293 | €26,744 | -€20,549 | -43.4% |
| Amounts receivable within one year | 40/41 | €1,196 | €11,215 | +€10,019 | +838% |
| Trade receivables | 40 | €12 | €3,647 | +€3,636 | +30,942% |
| Other amounts receivable | 41 | €1,184 | €7,568 | +€6,384 | +539% |
| Cash at bank and in hand | 54/58 | €23,882 | €12,202 | -€11,680 | -48.9% |
| Total equity and liabilities | 10/49 | €72,372 | €50,162 | -€22,210 | -30.7% |
| Equity | 10/15 | €8,350 | -€31,862 | -€40,212 | |
| Contributions | 10/11 | €1,750 | €1,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,600 | -€33,612 | -€40,212 | |
| Amounts payable | 17/49 | €64,021 | €82,024 | +€18,002 | +28.1% |
| Amounts payable after more than one year | 17 | €6,026 | - | -€6,026 | |
| Financial debts | 170/4 | €6,026 | - | -€6,026 | |
| Amounts payable within one year | 42/48 | €57,996 | €82,024 | +€24,028 | +41.4% |
| Current portion of amounts payable after more than one year | 42 | €9,085 | €5,151 | -€3,933 | -43.3% |
| Trade debts | 44 | €35,949 | €56,477 | +€20,528 | +57.1% |
| Suppliers | 440/4 | €35,949 | €56,477 | +€20,528 | +57.1% |
| Taxes, remuneration and social security | 45 | €3,325 | €2,312 | -€1,013 | -30.5% |
| Taxes | 450/3 | €1,724 | €1,724 | = | 0.0% |
| Remuneration and social security | 454/9 | €1,601 | €588 | -€1,013 | -63.3% |
| Other amounts payable | 47/48 | €9,637 | €18,084 | +€8,447 | +87.7% |
| Remuneration, social security and pensions | 62 | €10,179 | €22,857 | +€12,678 | +125% |
| Other operating charges | 640/8 | €12,282 | - | -€12,282 | |
| Gross operating margin | 9900 | €32,516 | -€12,665 | -€45,181 | |
| Operating profit (loss) | 9901 | €10,056 | -€35,522 | -€45,578 | |
| Financial income | 75/76B | - | €22 | +€22 | |
| Recurring financial income | 75 | - | €22 | +€22 | |
| Financial charges | 65/66B | €1,731 | €4,712 | +€2,981 | +172% |
| Recurring financial charges | 65 | €1,731 | €4,712 | +€2,981 | +172% |
| Profit (loss) for the period before taxes | 9903 | €8,324 | -€40,212 | -€48,536 | |
| Income taxes | 67/77 | €1,724 | - | -€1,724 | |
| Profit (loss) for the period | 9904 | €6,600 | -€40,212 | -€46,812 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,600 | -€40,212 | -€46,812 |
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 18 October 2026 via checked.be.