Pagaflor: 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.
Pagaflor
Largest movements
- Receivables within one year -€30,855
no longer reported in 2025 (was €30,855)
- Cash +€5,851
up €5,851 (+54.3%), from €10,771 to €16,622
mainly Receivables within one year (+€30,855) and Trade debts (+€2,851)
- Other debts -€15,725
down €15,725 (-15.6%), from €101,015 to €85,290
- Profit (loss) carried forward -€12,230
down €12,230 (-9.7%), from -€125,834 to -€138,065
- Trade debts +€2,851
up €2,851 (+747.5%), from €381 to €3,233
- Gross operating margin -€7,036
down €7,036 (-164.0%), from -€4,289 to -€11,325
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 | €45,309 | €20,205 | -€25,104 | -55.4% |
| Fixed assets | 21/28 | €511 | €118 | -€393 | -77.0% |
| Tangible fixed assets | 22/27 | €511 | €118 | -€393 | -77.0% |
| Land and buildings | 22 | €276 | - | -€276 | |
| Other tangible fixed assets | 26 | €235 | €118 | -€118 | -50.0% |
| Current assets | 29/58 | €44,798 | €20,088 | -€24,711 | -55.2% |
| Amounts receivable within one year | 40/41 | €30,855 | - | -€30,855 | |
| Other amounts receivable | 41 | €30,855 | - | -€30,855 | |
| Cash at bank and in hand | 54/58 | €10,771 | €16,622 | +€5,851 | +54.3% |
| Deferred charges and accrued income | 490/1 | €3,173 | €3,466 | +€293 | +9.2% |
| Total equity and liabilities | 10/49 | €45,309 | €20,205 | -€25,104 | -55.4% |
| Equity | 10/15 | -€81,037 | -€93,268 | -€12,230 | -15.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €38,597 | €38,597 | = | 0.0% |
| Distributable reserves | 133 | €38,597 | €38,597 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€125,834 | -€138,065 | -€12,230 | -9.7% |
| Amounts payable | 17/49 | €126,346 | €113,473 | -€12,873 | -10.2% |
| Amounts payable after more than one year | 17 | €20,000 | €20,000 | = | 0.0% |
| Other amounts payable | 178/9 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €106,346 | €93,473 | -€12,873 | -12.1% |
| Trade debts | 44 | €381 | €3,233 | +€2,851 | +747.5% |
| Suppliers | 440/4 | €381 | €3,233 | +€2,851 | +747.5% |
| Taxes, remuneration and social security | 45 | €4,950 | €4,950 | = | 0.0% |
| Taxes | 450/3 | €4,950 | €4,950 | = | 0.0% |
| Other amounts payable | 47/48 | €101,015 | €85,290 | -€15,725 | -15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €393 | €393 | -€0 | 0.0% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | -€4,289 | -€11,325 | -€7,036 | -164.0% |
| Operating profit (loss) | 9901 | -€5,067 | -€12,106 | -€7,039 | -138.9% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €133 | €125 | -€8 | -6.2% |
| Recurring financial charges | 65 | €133 | €125 | -€8 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | -€5,200 | -€12,230 | -€7,031 | -135.2% |
| Profit (loss) for the period | 9904 | -€5,200 | -€12,230 | -€7,031 | -135.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,200 | -€12,230 | -€7,031 | -135.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.