PAIDES: 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.
PAIDES
Largest movements
- Tangible fixed assets +€23,026
up €23,026 (+9.0%), from €254,613 to €277,639
- Cash -€5,241
down €5,241 (-90.4%), from €5,798 to €557
mainly Trade debts (-€33,036) and Investment in fixed assets (net) (-€30,774)
- Debts after one year +€54,092
up €54,092 (+70.7%), from €76,476 to €130,567
- Trade debts -€33,036
down €33,036 (-99.7%), from €33,144 to €108
- Tax, wage and social debts -€5,384
no longer reported in 2025 (was €5,384)
- Reserves +€4,832
up €4,832 (+4.2%), from €114,074 to €118,905
- Depreciation +€4,350
up €4,350 (+128.0%), from €3,397 to €7,748
- Taxes -€2,008
down €2,008 (-46.9%), from €4,283 to €2,275
- Gross operating margin -€1,746
down €1,746 (-8.0%), from €21,864 to €20,118
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 | €261,774 | €282,315 | +€20,541 | +7.8% |
| Fixed assets | 21/28 | €254,613 | €277,639 | +€23,026 | +9.0% |
| Tangible fixed assets | 22/27 | €254,613 | €277,639 | +€23,026 | +9.0% |
| Land and buildings | 22 | €254,613 | €277,639 | +€23,026 | +9.0% |
| Current assets | 29/58 | €7,161 | €4,675 | -€2,486 | -34.7% |
| Amounts receivable within one year | 40/41 | €720 | €3,446 | +€2,725 | +378.3% |
| Other amounts receivable | 41 | €720 | €3,446 | +€2,725 | +378.3% |
| Cash at bank and in hand | 54/58 | €5,798 | €557 | -€5,241 | -90.4% |
| Deferred charges and accrued income | 490/1 | €643 | €672 | +€29 | +4.6% |
| Total equity and liabilities | 10/49 | €261,774 | €282,315 | +€20,541 | +7.8% |
| Equity | 10/15 | €145,068 | €149,900 | +€4,832 | +3.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €114,074 | €118,905 | +€4,832 | +4.2% |
| Distributable reserves | 133 | €114,074 | €118,905 | +€4,832 | +4.2% |
| Amounts payable | 17/49 | €116,706 | €132,415 | +€15,709 | +13.5% |
| Amounts payable after more than one year | 17 | €76,476 | €130,567 | +€54,092 | +70.7% |
| Other amounts payable | 178/9 | €76,476 | €130,567 | +€54,092 | +70.7% |
| Amounts payable within one year | 42/48 | €40,230 | €1,847 | -€38,383 | -95.4% |
| Financial debts | 43 | €1,703 | €1,739 | +€37 | +2.1% |
| Credit institutions | 430/8 | €1,703 | €1,739 | +€37 | +2.1% |
| Trade debts | 44 | €33,144 | €108 | -€33,036 | -99.7% |
| Suppliers | 440/4 | €33,144 | €108 | -€33,036 | -99.7% |
| Taxes, remuneration and social security | 45 | €5,384 | - | -€5,384 | |
| Taxes | 450/3 | €5,384 | - | -€5,384 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,397 | €7,748 | +€4,350 | +128.0% |
| Other operating charges | 640/8 | €4,855 | €5,006 | +€151 | +3.1% |
| Gross operating margin | 9900 | €21,864 | €20,118 | -€1,746 | -8.0% |
| Operating profit (loss) | 9901 | €13,612 | €7,364 | -€6,248 | -45.9% |
| Financial income | 75/76B | €12 | - | -€12 | |
| Recurring financial income | 75 | €12 | - | -€12 | |
| Financial charges | 65/66B | €205 | €258 | +€53 | +25.8% |
| Recurring financial charges | 65 | €205 | €258 | +€53 | +25.8% |
| Profit (loss) for the period before taxes | 9903 | €13,419 | €7,106 | -€6,312 | -47.0% |
| Income taxes | 67/77 | €4,283 | €2,275 | -€2,008 | -46.9% |
| Profit (loss) for the period | 9904 | €9,136 | €4,832 | -€4,304 | -47.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,136 | €4,832 | -€4,304 | -47.1% |
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 28 September 2026 via checked.be.