PAFITEC: 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.
PAFITEC
Largest movements
- Receivables within one year -€18,542
down €18,542 (-31.6%), from €58,730 to €40,188
of which Trade receivables: -€19,196
- Cash +€11,146
up €11,146 (+66.5%), from €16,757 to €27,903
mainly Receivables within one year (+€18,542) and Depreciation (+€5,894)
- Tangible fixed assets -€5,894
down €5,894 (-36.1%), from €16,323 to €10,430
- Other debts -€7,590
down €7,590 (-38.9%), from €19,516 to €11,926
- Tax, wage and social debts -€5,908
down €5,908 (-53.3%), from €11,076 to €5,169
- Debts after one year -€4,442
down €4,442 (-56.4%), from €7,878 to €3,436
- Profit (loss) carried forward +€2,803
up €2,803 (+5.6%), from €50,277 to €53,080
- Trade debts +€1,819
up €1,819 (+79.9%), from €2,276 to €4,096
- Gross operating margin +€6,286
up €6,286 (+99.8%), from €6,296 to €12,582
- Taxes +€735
up €735 (+56.1%), from €1,311 to €2,046
- Depreciation +€557
up €557 (+10.4%), from €5,337 to €5,894
- Financial charges -€230
down €230 (-20.7%), from €1,115 to €884
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 | €115,763 | €102,600 | -€13,163 | -11.4% |
| Fixed assets | 21/28 | €16,447 | €10,554 | -€5,894 | -35.8% |
| Tangible fixed assets | 22/27 | €16,323 | €10,430 | -€5,894 | -36.1% |
| Furniture and vehicles | 24 | €16,323 | €10,430 | -€5,894 | -36.1% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €99,316 | €92,046 | -€7,270 | -7.3% |
| Stocks and contracts in progress | 3 | €22,433 | €23,318 | +€884 | +3.9% |
| Stocks | 30/36 | €22,433 | €23,318 | +€884 | +3.9% |
| Amounts receivable within one year | 40/41 | €58,730 | €40,188 | -€18,542 | -31.6% |
| Trade receivables | 40 | €58,530 | €39,335 | -€19,196 | -32.8% |
| Other amounts receivable | 41 | €200 | €854 | +€654 | +326.9% |
| Cash at bank and in hand | 54/58 | €16,757 | €27,903 | +€11,146 | +66.5% |
| Deferred charges and accrued income | 490/1 | €1,395 | €637 | -€758 | -54.3% |
| Total equity and liabilities | 10/49 | €115,763 | €102,600 | -€13,163 | -11.4% |
| Equity | 10/15 | €70,728 | €73,531 | +€2,803 | +4.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,277 | €53,080 | +€2,803 | +5.6% |
| Amounts payable | 17/49 | €45,035 | €29,069 | -€15,966 | -35.5% |
| Amounts payable after more than one year | 17 | €7,878 | €3,436 | -€4,442 | -56.4% |
| Financial debts | 170/4 | €7,878 | €3,436 | -€4,442 | -56.4% |
| Amounts payable within one year | 42/48 | €37,156 | €25,632 | -€11,524 | -31.0% |
| Current portion of amounts payable after more than one year | 42 | €4,288 | €4,442 | +€154 | +3.6% |
| Trade debts | 44 | €2,276 | €4,096 | +€1,819 | +79.9% |
| Suppliers | 440/4 | €2,276 | €4,096 | +€1,819 | +79.9% |
| Taxes, remuneration and social security | 45 | €11,076 | €5,169 | -€5,908 | -53.3% |
| Taxes | 450/3 | €11,076 | €5,169 | -€5,908 | -53.3% |
| Other amounts payable | 47/48 | €19,516 | €11,926 | -€7,590 | -38.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,337 | €5,894 | +€557 | +10.4% |
| Other operating charges | 640/8 | €833 | €956 | +€123 | +14.8% |
| Gross operating margin | 9900 | €6,296 | €12,582 | +€6,286 | +99.8% |
| Operating profit (loss) | 9901 | €127 | €5,733 | +€5,606 | +4429.5% |
| Financial income | 75/76B | €6 | €1 | -€5 | -83.8% |
| Recurring financial income | 75 | €6 | €1 | -€5 | -83.8% |
| Financial charges | 65/66B | €1,115 | €884 | -€230 | -20.7% |
| Recurring financial charges | 65 | €1,115 | €884 | -€230 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | -€982 | €4,849 | +€5,831 | |
| Income taxes | 67/77 | €1,311 | €2,046 | +€735 | +56.1% |
| Profit (loss) for the period | 9904 | -€2,293 | €2,803 | +€5,096 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,293 | €2,803 | +€5,096 |
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 7 October 2026 via checked.be.