PAFT: 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.
PAFT
Largest movements
- Stocks and contracts +€11,809
up €11,809 (+34.1%), from €34,620 to €46,429
- Tangible fixed assets -€4,020
down €4,020 (-31.1%), from €12,906 to €8,886
- Receivables within one year -€2,185
down €2,185 (-69.3%), from €3,153 to €968
of which Other amounts receivable: -€1,624
- Other debts +€39,209
up €39,209 (+70.9%), from €55,321 to €94,529
- Profit (loss) carried forward -€29,765
down €29,765 (-73.2%), from -€40,655 to -€70,421
- Trade debts -€3,307
down €3,307 (-40.6%), from €8,149 to €4,842
- Gross operating margin +€16,935
up €16,935 (+42.4%), from -€39,905 to -€22,971
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €53,814 | €59,950 | +€6,136 | +11.4% |
| Fixed assets | 21/28 | €12,906 | €8,886 | -€4,020 | -31.1% |
| Tangible fixed assets | 22/27 | €12,906 | €8,886 | -€4,020 | -31.1% |
| Furniture and vehicles | 24 | €12,906 | €8,886 | -€4,020 | -31.1% |
| Current assets | 29/58 | €40,908 | €51,064 | +€10,156 | +24.8% |
| Stocks and contracts in progress | 3 | €34,620 | €46,429 | +€11,809 | +34.1% |
| Stocks | 30/36 | €34,620 | €46,429 | +€11,809 | +34.1% |
| Amounts receivable within one year | 40/41 | €3,153 | €968 | -€2,185 | -69.3% |
| Trade receivables | 40 | €561 | - | -€561 | |
| Other amounts receivable | 41 | €2,592 | €968 | -€1,624 | -62.7% |
| Cash at bank and in hand | 54/58 | €813 | €1,254 | +€441 | +54.2% |
| Deferred charges and accrued income | 490/1 | €2,322 | €2,414 | +€92 | +4.0% |
| Total equity and liabilities | 10/49 | €53,814 | €59,950 | +€6,136 | +11.4% |
| Equity | 10/15 | -€9,655 | -€39,421 | -€29,765 | -308% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,655 | -€70,421 | -€29,765 | -73.2% |
| Amounts payable | 17/49 | €63,469 | €99,371 | +€35,902 | +56.6% |
| Amounts payable within one year | 42/48 | €63,469 | €99,371 | +€35,902 | +56.6% |
| Trade debts | 44 | €8,149 | €4,842 | -€3,307 | -40.6% |
| Suppliers | 440/4 | €8,149 | €4,842 | -€3,307 | -40.6% |
| Other amounts payable | 47/48 | €55,321 | €94,529 | +€39,209 | +70.9% |
| Remuneration, social security and pensions | 62 | €95 | €55 | -€40 | -41.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,020 | €4,020 | = | 0.0% |
| Other operating charges | 640/8 | €1,674 | €1,883 | +€210 | +12.5% |
| Gross operating margin | 9900 | -€39,905 | -€22,971 | +€16,935 | +42.4% |
| Operating profit (loss) | 9901 | -€45,693 | -€28,929 | +€16,765 | +36.7% |
| Financial income | 75/76B | €141 | €65 | -€76 | -53.9% |
| Recurring financial income | 75 | €141 | €65 | -€76 | -53.9% |
| Financial charges | 65/66B | €806 | €902 | +€96 | +11.9% |
| Recurring financial charges | 65 | €806 | €902 | +€96 | +11.9% |
| Profit (loss) for the period before taxes | 9903 | -€46,358 | -€29,765 | +€16,593 | +35.8% |
| Profit (loss) for the period | 9904 | -€46,358 | -€29,765 | +€16,593 | +35.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,358 | -€29,765 | +€16,593 | +35.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.