PAGEMO: 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.
PAGEMO
Largest movements
- Tangible fixed assets -€16,668
down €16,668 (-9.5%), from €175,320 to €158,652
- Receivables within one year +€8,145
up €8,145 (+6.1%), from €134,422 to €142,567
of which Trade receivables: +€8,590
- Tax, wage and social debts -€11,152
down €11,152 (-6.4%), from €174,451 to €163,299
- Depreciation -€16,668
down €16,668 (-50.0%), from €33,336 to €16,668
- Other operating charges -€8,839
no longer reported in 2024 (was €8,839)
- Taxes -€6,731
down €6,731 (-80.9%), from €8,324 to €1,593
- Gross operating margin +€5,797
up €5,797 (+50.6%), from €11,456 to €17,253
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.
Cash bridge derived
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 | €431,799 | €422,288 | -€9,511 | -2.2% |
| Fixed assets | 21/28 | €175,320 | €158,652 | -€16,668 | -9.5% |
| Tangible fixed assets | 22/27 | €175,320 | €158,652 | -€16,668 | -9.5% |
| Land and buildings | 22 | €175,320 | €158,652 | -€16,668 | -9.5% |
| Current assets | 29/58 | €256,479 | €263,636 | +€7,157 | +2.8% |
| Amounts receivable after more than one year | 29 | €121,218 | €119,773 | -€1,445 | -1.2% |
| Other amounts receivable | 291 | €121,218 | €119,773 | -€1,445 | -1.2% |
| Amounts receivable within one year | 40/41 | €134,422 | €142,567 | +€8,145 | +6.1% |
| Trade receivables | 40 | €87,988 | €96,578 | +€8,590 | +9.8% |
| Other amounts receivable | 41 | €46,434 | €45,989 | -€445 | -1.0% |
| Cash at bank and in hand | 54/58 | €839 | €1,296 | +€457 | +54.5% |
| Total equity and liabilities | 10/49 | €431,799 | €422,288 | -€9,511 | -2.2% |
| Equity | 10/15 | €124,288 | €124,780 | +€492 | +0.4% |
| Contributions | 10/11 | €68,418 | €68,418 | = | 0.0% |
| Capital | 10 | €68,418 | €68,418 | = | 0.0% |
| Issued capital | 100 | €68,418 | €68,418 | = | 0.0% |
| Reserves | 13 | €9,807 | €9,807 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,842 | €6,842 | = | 0.0% |
| Legal reserve | 130 | €6,842 | €6,842 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,965 | €2,965 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,063 | €46,555 | +€492 | +1.1% |
| Amounts payable | 17/49 | €307,511 | €297,508 | -€10,003 | -3.3% |
| Amounts payable within one year | 42/48 | €299,002 | €288,999 | -€10,003 | -3.3% |
| Financial debts | 43 | €61 | €61 | = | 0.0% |
| Credit institutions | 430/8 | €61 | €61 | = | 0.0% |
| Trade debts | 44 | €41,629 | €40,173 | -€1,456 | -3.5% |
| Suppliers | 440/4 | €41,629 | €40,173 | -€1,456 | -3.5% |
| Taxes, remuneration and social security | 45 | €174,451 | €163,299 | -€11,152 | -6.4% |
| Taxes | 450/3 | €174,451 | €163,299 | -€11,152 | -6.4% |
| Other amounts payable | 47/48 | €82,861 | €85,466 | +€2,605 | +3.1% |
| Accrued charges and deferred income | 492/3 | €8,509 | €8,509 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,336 | €16,668 | -€16,668 | -50.0% |
| Other operating charges | 640/8 | €8,839 | - | -€8,839 | |
| Gross operating margin | 9900 | €11,456 | €17,253 | +€5,797 | +50.6% |
| Operating profit (loss) | 9901 | -€30,719 | €585 | +€31,304 | |
| Financial income | 75/76B | €1,791 | €1,784 | -€7 | -0.4% |
| Recurring financial income | 75 | €1,791 | €1,784 | -€7 | -0.4% |
| Financial charges | 65/66B | €440 | €284 | -€156 | -35.5% |
| Recurring financial charges | 65 | €440 | €284 | -€156 | -35.5% |
| Profit (loss) for the period before taxes | 9903 | -€29,368 | €2,085 | +€31,453 | |
| Income taxes | 67/77 | €8,324 | €1,593 | -€6,731 | -80.9% |
| Profit (loss) for the period | 9904 | -€37,692 | €492 | +€38,184 | |
| Profit (loss) for the period to be appropriated | 9905 | -€37,692 | €492 | +€38,184 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.