PAINS & CO: 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.
PAINS & CO
Largest movements
- Receivables within one year +€6,343
up €6,343 (+344%), from €1,845 to €8,188
of which Trade receivables: +€7,277
- Tangible fixed assets -€1,688
down €1,688 (-19.1%), from €8,857 to €7,169
of which Furniture and vehicles: -€1,081
- Cash +€1,029
up €1,029 (+3,719%), from €28 to €1,057
mainly Other debts (+€12,404) and Accrued charges and deferred income (+€5,700)
- Profit (loss) carried forward -€22,055
down €22,055 (-54.7%), from -€40,344 to -€62,399
- Other debts +€12,404
up €12,404 (+675%), from €1,837 to €14,241
- Accrued charges and deferred income +€5,700
new in 2025: €5,700
- Tax, wage and social debts +€5,312
up €5,312 (+38.7%), from €13,735 to €19,048
of which Remuneration and social security: +€5,870
- Trade debts +€4,276
up €4,276 (+37.2%), from €11,484 to €15,760
- Gross operating margin -€15,016
down €15,016 (-42.2%), from €35,617 to €20,601
- Other operating charges +€5,307
up €5,307 (+386%), from €1,374 to €6,681
- Staff costs +€1,801
up €1,801 (+6.2%), from €29,068 to €30,869
- Financial charges +€578
up €578 (+20.4%), from €2,840 to €3,418
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 | €11,713 | €17,350 | +€5,638 | +48.1% |
| Fixed assets | 21/28 | €9,265 | €7,577 | -€1,688 | -18.2% |
| Tangible fixed assets | 22/27 | €8,857 | €7,169 | -€1,688 | -19.1% |
| Furniture and vehicles | 24 | €6,449 | €5,367 | -€1,081 | -16.8% |
| Other tangible fixed assets | 26 | €2,409 | €1,802 | -€607 | -25.2% |
| Financial fixed assets | 28 | €408 | €408 | = | 0.0% |
| Current assets | 29/58 | €2,447 | €9,773 | +€7,326 | +299% |
| Amounts receivable within one year | 40/41 | €1,845 | €8,188 | +€6,343 | +344% |
| Trade receivables | 40 | €911 | €8,188 | +€7,277 | +798% |
| Other amounts receivable | 41 | €933 | - | -€933 | |
| Cash at bank and in hand | 54/58 | €28 | €1,057 | +€1,029 | +3,719% |
| Deferred charges and accrued income | 490/1 | €575 | €528 | -€47 | -8.2% |
| Total equity and liabilities | 10/49 | €11,713 | €17,350 | +€5,638 | +48.1% |
| Equity | 10/15 | -€15,344 | -€37,399 | -€22,055 | -144% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,344 | -€62,399 | -€22,055 | -54.7% |
| Amounts payable | 17/49 | €27,057 | €54,749 | +€27,693 | +102% |
| Amounts payable within one year | 42/48 | €27,057 | €49,049 | +€21,993 | +81.3% |
| Trade debts | 44 | €11,484 | €15,760 | +€4,276 | +37.2% |
| Suppliers | 440/4 | €11,484 | €15,760 | +€4,276 | +37.2% |
| Taxes, remuneration and social security | 45 | €13,735 | €19,048 | +€5,312 | +38.7% |
| Taxes | 450/3 | €773 | €215 | -€558 | -72.2% |
| Remuneration and social security | 454/9 | €12,963 | €18,833 | +€5,870 | +45.3% |
| Other amounts payable | 47/48 | €1,837 | €14,241 | +€12,404 | +675% |
| Accrued charges and deferred income | 492/3 | - | €5,700 | +€5,700 | |
| Remuneration, social security and pensions | 62 | €29,068 | €30,869 | +€1,801 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,011 | €1,688 | -€323 | -16.1% |
| Other operating charges | 640/8 | €1,374 | €6,681 | +€5,307 | +386% |
| Gross operating margin | 9900 | €35,617 | €20,601 | -€15,016 | -42.2% |
| Operating profit (loss) | 9901 | €3,164 | -€18,637 | -€21,801 | |
| Financial income | 75/76B | €13 | €0 | -€13 | -97.3% |
| Recurring financial income | 75 | €13 | €0 | -€13 | -97.3% |
| Financial charges | 65/66B | €2,840 | €3,418 | +€578 | +20.4% |
| Recurring financial charges | 65 | €2,840 | €3,418 | +€578 | +20.4% |
| Profit (loss) for the period before taxes | 9903 | €337 | -€22,055 | -€22,392 | |
| Profit (loss) for the period | 9904 | €337 | -€22,055 | -€22,392 | |
| Profit (loss) for the period to be appropriated | 9905 | €337 | -€22,055 | -€22,392 |
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 17 October 2026 via checked.be.