PAGI-transport: 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.
PAGI-transport
Largest movements
- Receivables within one year +€4,461
up €4,461 (+6.4%), from €70,070 to €74,531
of which Trade receivables: +€12,579
- Tangible fixed assets -€1,712
down €1,712 (-36.9%), from €4,636 to €2,924
- Trade debts +€17,812
up €17,812 (+7,549%), from €236 to €18,048
- Profit (loss) carried forward -€15,064
down €15,064 (-9.9%), from -€152,544 to -€167,607
- Gross operating margin +€5,237
up €5,237 (+28.6%), from -€18,281 to -€13,044
- Depreciation -€1,712
down €1,712 (-50.0%), from €3,424 to €1,712
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.
Derived cash bridge
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 | €78,189 | €80,938 | +€2,749 | +3.5% |
| Fixed assets | 21/28 | €4,636 | €2,924 | -€1,712 | -36.9% |
| Tangible fixed assets | 22/27 | €4,636 | €2,924 | -€1,712 | -36.9% |
| Furniture and vehicles | 24 | €4,636 | €2,924 | -€1,712 | -36.9% |
| Current assets | 29/58 | €73,553 | €78,014 | +€4,461 | +6.1% |
| Amounts receivable within one year | 40/41 | €70,070 | €74,531 | +€4,461 | +6.4% |
| Trade receivables | 40 | - | €12,579 | +€12,579 | |
| Other amounts receivable | 41 | €70,070 | €61,952 | -€8,119 | -11.6% |
| Cash at bank and in hand | 54/58 | €3,483 | €3,483 | = | 0.0% |
| Total equity and liabilities | 10/49 | €78,189 | €80,938 | +€2,749 | +3.5% |
| Equity | 10/15 | €77,954 | €62,890 | -€15,064 | -19.3% |
| Contributions | 10/11 | €218,592 | €218,592 | = | 0.0% |
| Reserves | 13 | €11,905 | €11,905 | = | 0.0% |
| Non-distributable reserves | 130/1 | €917 | €917 | = | 0.0% |
| Reserves not available under the articles | 1311 | €917 | €917 | = | 0.0% |
| Distributable reserves | 133 | €10,988 | €10,988 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€152,544 | -€167,607 | -€15,064 | -9.9% |
| Amounts payable | 17/49 | €236 | €18,048 | +€17,812 | +7,549% |
| Amounts payable within one year | 42/48 | €236 | €18,048 | +€17,812 | +7,549% |
| Trade debts | 44 | €236 | €18,048 | +€17,812 | +7,549% |
| Suppliers | 440/4 | €236 | €18,048 | +€17,812 | +7,549% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,424 | €1,712 | -€1,712 | -50.0% |
| Gross operating margin | 9900 | -€18,281 | -€13,044 | +€5,237 | +28.6% |
| Operating profit (loss) | 9901 | -€21,706 | -€14,756 | +€6,949 | +32.0% |
| Profit (loss) for the period before taxes | 9903 | -€21,706 | -€14,756 | +€6,949 | +32.0% |
| Income taxes | 67/77 | €392 | €307 | -€85 | -21.7% |
| Profit (loss) for the period | 9904 | -€22,098 | -€15,064 | +€7,034 | +31.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,098 | -€15,064 | +€7,034 | +31.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.