PAGANI CONSTRUCTIONS: 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.
PAGANI CONSTRUCTIONS
Largest movements
- Tangible fixed assets -€3,545
down €3,545 (-4.1%), from €87,455 to €83,909
- Profit (loss) carried forward -€6,725
down €6,725 (-8.3%), from -€81,155 to -€87,880
- Other debts +€2,698
new in 2025: €2,698
- Gross operating margin -€350
down €350 (-22.0%), from -€1,587 to -€1,937
- Other operating charges +€36
up €36 (+3.2%), from €1,146 to €1,182
- Financial income -€35
down €35 (-91.5%), from €38 to €3
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 | €88,338 | €84,311 | -€4,027 | -4.6% |
| Fixed assets | 21/28 | €87,455 | €83,909 | -€3,545 | -4.1% |
| Tangible fixed assets | 22/27 | €87,455 | €83,909 | -€3,545 | -4.1% |
| Land and buildings | 22 | €87,455 | €83,909 | -€3,545 | -4.1% |
| Current assets | 29/58 | €883 | €402 | -€481 | -54.5% |
| Amounts receivable within one year | 40/41 | €317 | €88 | -€230 | -72.4% |
| Trade receivables | 40 | - | €88 | +€88 | |
| Other amounts receivable | 41 | €317 | €0 | -€317 | -100.0% |
| Cash at bank and in hand | 54/58 | €566 | €314 | -€251 | -44.5% |
| Total equity and liabilities | 10/49 | €88,338 | €84,311 | -€4,027 | -4.6% |
| Equity | 10/15 | €88,338 | €81,613 | -€6,725 | -7.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €107,493 | €107,493 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €101,293 | €101,293 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€81,155 | -€87,880 | -€6,725 | -8.3% |
| Amounts payable | 17/49 | - | €2,698 | +€2,698 | |
| Amounts payable within one year | 42/48 | - | €2,698 | +€2,698 | |
| Other amounts payable | 47/48 | - | €2,698 | +€2,698 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,545 | €3,545 | = | 0.0% |
| Other operating charges | 640/8 | €1,146 | €1,182 | +€36 | +3.2% |
| Gross operating margin | 9900 | -€1,587 | -€1,937 | -€350 | -22.0% |
| Operating profit (loss) | 9901 | -€6,278 | -€6,664 | -€386 | -6.2% |
| Financial income | 75/76B | €38 | €3 | -€35 | -91.5% |
| Recurring financial income | 75 | €38 | €3 | -€35 | -91.5% |
| Financial charges | 65/66B | €45 | €64 | +€19 | +42.0% |
| Recurring financial charges | 65 | €45 | €64 | +€19 | +42.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,285 | -€6,725 | -€440 | -7.0% |
| Profit (loss) for the period | 9904 | -€6,285 | -€6,725 | -€440 | -7.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,285 | -€6,725 | -€440 | -7.0% |
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 6 October 2026 via checked.be.