Paffuto: 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.
Paffuto
Largest movements
- Cash -€26,014
down €26,014 (-42.1%), from €61,850 to €35,836
mainly Tax, wage and social debts (-€18,805) and Trade debts (-€7,062)
- Tangible fixed assets -€7,886
down €7,886 (-26.7%), from €29,552 to €21,666
of which Furniture and vehicles: -€7,137
- Stocks and contracts +€3,508
up €3,508 (+5.3%), from €65,847 to €69,355
- Receivables within one year -€1,883
down €1,883 (-36.6%), from €5,139 to €3,256
- Tax, wage and social debts -€18,805
down €18,805 (-75.3%), from €24,988 to €6,184
- Trade debts -€7,062
down €7,062 (-76.4%), from €9,245 to €2,183
- Reserves -€4,335
down €4,335 (-4.4%), from €98,984 to €94,649
- Gross operating margin -€44,542
down €44,542 (-67.7%), from €65,824 to €21,282
- Taxes -€9,366
down €9,366 (-92.8%), from €10,090 to €724
- Other operating charges +€2,185
up €2,185 (+15.9%), from €13,709 to €15,895
- Financial income -€1,573
down €1,573 (-44.8%), from €3,509 to €1,937
- Financial charges -€1,477
down €1,477 (-38.6%), from €3,829 to €2,351
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 | €163,756 | €132,341 | -€31,415 | -19.2% |
| Fixed assets | 21/28 | €29,552 | €21,666 | -€7,886 | -26.7% |
| Tangible fixed assets | 22/27 | €29,552 | €21,666 | -€7,886 | -26.7% |
| Land and buildings | 22 | €4,231 | €3,691 | -€540 | -12.8% |
| Plant, machinery and equipment | 23 | €3,556 | €3,347 | -€209 | -5.9% |
| Furniture and vehicles | 24 | €21,765 | €14,628 | -€7,137 | -32.8% |
| Current assets | 29/58 | €134,204 | €110,675 | -€23,529 | -17.5% |
| Stocks and contracts in progress | 3 | €65,847 | €69,355 | +€3,508 | +5.3% |
| Stocks | 30/36 | €65,847 | €69,355 | +€3,508 | +5.3% |
| Amounts receivable within one year | 40/41 | €5,139 | €3,256 | -€1,883 | -36.6% |
| Trade receivables | 40 | €5,139 | €3,256 | -€1,883 | -36.6% |
| Cash at bank and in hand | 54/58 | €61,850 | €35,836 | -€26,014 | -42.1% |
| Deferred charges and accrued income | 490/1 | €1,368 | €2,227 | +€859 | +62.8% |
| Total equity and liabilities | 10/49 | €163,756 | €132,341 | -€31,415 | -19.2% |
| Equity | 10/15 | €101,484 | €97,149 | -€4,335 | -4.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €98,984 | €94,649 | -€4,335 | -4.4% |
| Distributable reserves | 133 | €98,984 | €94,649 | -€4,335 | -4.4% |
| Amounts payable | 17/49 | €62,272 | €35,192 | -€27,081 | -43.5% |
| Amounts payable within one year | 42/48 | €62,272 | €35,192 | -€27,081 | -43.5% |
| Trade debts | 44 | €9,245 | €2,183 | -€7,062 | -76.4% |
| Suppliers | 440/4 | €9,245 | €2,183 | -€7,062 | -76.4% |
| Taxes, remuneration and social security | 45 | €24,988 | €6,184 | -€18,805 | -75.3% |
| Taxes | 450/3 | €24,988 | €6,184 | -€18,805 | -75.3% |
| Other amounts payable | 47/48 | €28,039 | €26,825 | -€1,214 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,340 | €8,583 | +€243 | +2.9% |
| Other operating charges | 640/8 | €13,709 | €15,895 | +€2,185 | +15.9% |
| Gross operating margin | 9900 | €65,824 | €21,282 | -€44,542 | -67.7% |
| Operating profit (loss) | 9901 | €43,775 | -€3,196 | -€46,971 | |
| Financial income | 75/76B | €3,509 | €1,937 | -€1,573 | -44.8% |
| Recurring financial income | 75 | €3,509 | €1,937 | -€1,573 | -44.8% |
| Financial charges | 65/66B | €3,829 | €2,351 | -€1,477 | -38.6% |
| Recurring financial charges | 65 | €3,829 | €2,351 | -€1,477 | -38.6% |
| Profit (loss) for the period before taxes | 9903 | €43,456 | -€3,611 | -€47,066 | |
| Income taxes | 67/77 | €10,090 | €724 | -€9,366 | -92.8% |
| Profit (loss) for the period | 9904 | €33,365 | -€4,335 | -€37,700 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,365 | -€4,335 | -€37,700 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.