PAINT ERA: 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.
PAINT ERA
Largest movements
- Receivables within one year +€2,024
up €2,024 (+28.6%), from €7,083 to €9,107
of which Trade receivables: +€2,384
- Cash -€1,573
down €1,573 (-71.5%), from €2,201 to €627
mainly Receivables within one year (-€2,024) and Net result for the year (-€3)
- Trade debts +€454
up €454 (+551%), from €82 to €536
- Gross operating margin -€5,025
down €5,025, from €4,939 to -€86
- Depreciation -€407
no longer reported in 2025 (was €407)
- Financial charges -€100
no longer reported in 2025 (was €100)
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 | €9,283 | €9,734 | +€451 | +4.9% |
| Current assets | 29/58 | €9,283 | €9,734 | +€451 | +4.9% |
| Amounts receivable within one year | 40/41 | €7,083 | €9,107 | +€2,024 | +28.6% |
| Trade receivables | 40 | €2,400 | €4,784 | +€2,384 | +99.3% |
| Other amounts receivable | 41 | €4,683 | €4,323 | -€359 | -7.7% |
| Cash at bank and in hand | 54/58 | €2,201 | €627 | -€1,573 | -71.5% |
| Total equity and liabilities | 10/49 | €9,283 | €9,734 | +€451 | +4.9% |
| Equity | 10/15 | €9,201 | €9,198 | -€3 | 0.0% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,799 | -€2,802 | -€3 | -0.1% |
| Amounts payable | 17/49 | €82 | €536 | +€454 | +551% |
| Amounts payable within one year | 42/48 | €82 | €536 | +€454 | +551% |
| Trade debts | 44 | €82 | €536 | +€454 | +551% |
| Suppliers | 440/4 | €82 | €536 | +€454 | +551% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €407 | - | -€407 | |
| Gross operating margin | 9900 | €4,939 | -€86 | -€5,025 | |
| Operating profit (loss) | 9901 | €4,532 | -€86 | -€4,618 | |
| Financial income | 75/76B | €44 | €84 | +€39 | +89.0% |
| Recurring financial income | 75 | €44 | €84 | +€39 | +89.0% |
| Financial charges | 65/66B | €100 | - | -€100 | |
| Recurring financial charges | 65 | €100 | - | -€100 | |
| Profit (loss) for the period before taxes | 9903 | €4,477 | -€3 | -€4,480 | |
| Profit (loss) for the period | 9904 | €4,477 | -€3 | -€4,480 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,477 | -€3 | -€4,480 |
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 15 October 2026 via checked.be.