PAINT AND MORE: what changed
PAINT AND MORE
Largest movements
- Stocks and contracts -€11,770
down €11,770 (-81.1%), from €14,513 to €2,742
- Tangible fixed assets -€3,965
down €3,965 (-77.8%), from €5,094 to €1,128
of which Furniture and vehicles: -€3,585
- Cash -€2,522
down €2,522 (-62.6%), from €4,028 to €1,505
mainly Current portion of long-term debt (-€11,848) and Debts after one year (-€10,462)
- Receivables within one year +€1,166
up €1,166 (+11.1%), from €10,518 to €11,684
of which Trade receivables: +€1,113
- Deferred charges and accrued income -€1,081
down €1,081 (-8.3%), from €13,082 to €12,001
- Current portion of long-term debt -€11,848
no longer reported in 2025 (was €11,848)
- Debts after one year -€10,462
no longer reported in 2025 (was €10,462)
- Profit (loss) carried forward +€2,656
up €2,656 (+51.4%), from €5,169 to €7,825
- Tax, wage and social debts +€1,461
up €1,461 (+165%), from €886 to €2,346
of which Remuneration and social security: +€872
- Depreciation -€8,572
down €8,572 (-57.0%), from €15,036 to €6,464
- Gross operating margin -€8,309
down €8,309 (-39.2%), from €21,222 to €12,913
- Financial income +€305
new in 2025: €305
- Financial charges -€256
down €256 (-14.7%), from €1,741 to €1,485
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €47,235 | €29,061 | -€18,174 | -38.5% |
| Fixed assets | 21/28 | €5,094 | €1,128 | -€3,965 | -77.8% |
| Tangible fixed assets | 22/27 | €5,094 | €1,128 | -€3,965 | -77.8% |
| Plant, machinery and equipment | 23 | €741 | €361 | -€380 | -51.3% |
| Furniture and vehicles | 24 | €4,353 | €768 | -€3,585 | -82.4% |
| Current assets | 29/58 | €42,141 | €27,933 | -€14,208 | -33.7% |
| Stocks and contracts in progress | 3 | €14,513 | €2,742 | -€11,770 | -81.1% |
| Stocks | 30/36 | €14,513 | €2,742 | -€11,770 | -81.1% |
| Amounts receivable within one year | 40/41 | €10,518 | €11,684 | +€1,166 | +11.1% |
| Trade receivables | 40 | €7,340 | €8,453 | +€1,113 | +15.2% |
| Other amounts receivable | 41 | €3,178 | €3,231 | +€52 | +1.7% |
| Cash at bank and in hand | 54/58 | €4,028 | €1,505 | -€2,522 | -62.6% |
| Deferred charges and accrued income | 490/1 | €13,082 | €12,001 | -€1,081 | -8.3% |
| Total equity and liabilities | 10/49 | €47,235 | €29,061 | -€18,174 | -38.5% |
| Equity | 10/15 | €23,913 | €26,570 | +€2,656 | +11.1% |
| Contributions | 10/11 | €18,100 | €18,100 | = | 0.0% |
| Reserves | 13 | €645 | €645 | = | 0.0% |
| Non-distributable reserves | 130/1 | €645 | €645 | = | 0.0% |
| Reserves not available under the articles | 1311 | €645 | €645 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,169 | €7,825 | +€2,656 | +51.4% |
| Amounts payable | 17/49 | €23,321 | €2,492 | -€20,830 | -89.3% |
| Amounts payable after more than one year | 17 | €10,462 | - | -€10,462 | |
| Financial debts | 170/4 | €10,462 | - | -€10,462 | |
| Amounts payable within one year | 42/48 | €12,859 | €2,492 | -€10,368 | -80.6% |
| Current portion of amounts payable after more than one year | 42 | €11,848 | - | -€11,848 | |
| Trade debts | 44 | €126 | €145 | +€19 | +15.3% |
| Suppliers | 440/4 | €126 | €145 | +€19 | +15.3% |
| Taxes, remuneration and social security | 45 | €886 | €2,346 | +€1,461 | +165% |
| Taxes | 450/3 | €573 | €1,162 | +€589 | +103% |
| Remuneration and social security | 454/9 | €312 | €1,185 | +€872 | +279% |
| Non-recurring operating income | 76A | - | €5,804 | +€5,804 | |
| Remuneration, social security and pensions | 62 | €434 | €492 | +€58 | +13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,036 | €6,464 | -€8,572 | -57.0% |
| Other operating charges | 640/8 | €1,315 | €1,498 | +€183 | +13.9% |
| Gross operating margin | 9900 | €21,222 | €12,913 | -€8,309 | -39.2% |
| Operating profit (loss) | 9901 | €4,437 | €4,460 | +€23 | +0.5% |
| Financial income | 75/76B | - | €305 | +€305 | |
| Recurring financial income | 75 | - | €305 | +€305 | |
| Financial charges | 65/66B | €1,741 | €1,485 | -€256 | -14.7% |
| Recurring financial charges | 65 | €1,741 | €1,485 | -€256 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €2,696 | €3,279 | +€584 | +21.7% |
| Income taxes | 67/77 | €539 | €623 | +€84 | +15.5% |
| Profit (loss) for the period | 9904 | €2,156 | €2,656 | +€500 | +23.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,156 | €2,656 | +€500 | +23.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.