PAGOMA: 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.
PAGOMA
Largest movements
- Receivables within one year +€22,429
up €22,429 (+8.1%), from €276,260 to €298,689
- Cash +€4,459
up €4,459, from €0 to €4,459
mainly Net result for the year (+€25,098) and Depreciation (+€3,130)
- Reserves +€25,098
up €25,098 (+12.1%), from €206,574 to €231,673
of which Distributable reserves: +€23,843
- Financial income -€2,112
down €2,112 (-14.3%), from €14,821 to €12,709
- Gross operating margin +€1,450
up €1,450 (+4.7%), from €30,835 to €32,284
- Other operating charges +€783
up €783 (+11.4%), from €6,863 to €7,647
- Taxes -€376
down €376 (-4.1%), from €9,103 to €8,727
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €372,191 | €395,948 | +€23,757 | +6.4% |
| Fixed assets | 21/28 | €95,925 | €92,795 | -€3,130 | -3.3% |
| Tangible fixed assets | 22/27 | €95,925 | €92,795 | -€3,130 | -3.3% |
| Land and buildings | 22 | €95,925 | €92,795 | -€3,130 | -3.3% |
| Current assets | 29/58 | €276,265 | €303,153 | +€26,888 | +9.7% |
| Amounts receivable within one year | 40/41 | €276,260 | €298,689 | +€22,429 | +8.1% |
| Other amounts receivable | 41 | €276,260 | €298,689 | +€22,429 | +8.1% |
| Current investments | 50/53 | €5 | €5 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €0 | €4,459 | +€4,459 | |
| Total equity and liabilities | 10/49 | €372,191 | €395,948 | +€23,757 | +6.4% |
| Equity | 10/15 | €355,310 | €380,409 | +€25,098 | +7.1% |
| Contributions | 10/11 | €148,736 | €148,736 | = | 0.0% |
| Capital | 10 | €148,736 | €148,736 | = | 0.0% |
| Issued capital | 100 | €148,736 | €148,736 | = | 0.0% |
| Reserves | 13 | €206,574 | €231,673 | +€25,098 | +12.1% |
| Non-distributable reserves | 130/1 | €9,751 | €11,006 | +€1,255 | +12.9% |
| Legal reserve | 130 | €9,751 | €11,006 | +€1,255 | +12.9% |
| Distributable reserves | 133 | €196,824 | €220,667 | +€23,843 | +12.1% |
| Amounts payable | 17/49 | €16,880 | €15,540 | -€1,341 | -7.9% |
| Amounts payable within one year | 42/48 | €16,847 | €12,381 | -€4,466 | -26.5% |
| Current portion of amounts payable after more than one year | 42 | €4,182 | €4,167 | -€15 | -0.4% |
| Financial debts | 43 | €845 | €0 | -€845 | -100% |
| Other loans | 439 | €845 | €0 | -€845 | -100% |
| Trade debts | 44 | €1,889 | €384 | -€1,505 | -79.7% |
| Suppliers | 440/4 | €1,889 | €384 | -€1,505 | -79.7% |
| Taxes, remuneration and social security | 45 | €9,931 | €7,830 | -€2,101 | -21.2% |
| Taxes | 450/3 | €9,931 | €7,830 | -€2,101 | -21.2% |
| Accrued charges and deferred income | 492/3 | €33 | €3,159 | +€3,126 | +9,426% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,130 | €3,130 | = | 0.0% |
| Other operating charges | 640/8 | €6,863 | €7,647 | +€783 | +11.4% |
| Gross operating margin | 9900 | €30,835 | €32,284 | +€1,450 | +4.7% |
| Operating profit (loss) | 9901 | €20,841 | €21,507 | +€666 | +3.2% |
| Financial income | 75/76B | €14,821 | €12,709 | -€2,112 | -14.3% |
| Recurring financial income | 75 | €14,821 | €12,709 | -€2,112 | -14.3% |
| Financial charges | 65/66B | €429 | €391 | -€39 | -9.0% |
| Recurring financial charges | 65 | €429 | €391 | -€39 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €35,233 | €33,825 | -€1,407 | -4.0% |
| Income taxes | 67/77 | €9,103 | €8,727 | -€376 | -4.1% |
| Profit (loss) for the period | 9904 | €26,130 | €25,098 | -€1,032 | -3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €26,130 | €25,098 | -€1,032 | -3.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.