PAINT EXPRESS: 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 EXPRESS
Largest movements
- Receivables within one year +€22,713
up €22,713 (+5.8%), from €394,511 to €417,224
of which Other amounts receivable: +€150,689
- Deferred charges and accrued income -€6,326
down €6,326 (-65.0%), from €9,725 to €3,399
- Reserves +€54,760
up €54,760 (+34.5%), from €158,528 to €213,288
- Trade debts -€46,736
down €46,736 (-46.3%), from €101,010 to €54,273
- Tax, wage and social debts +€46,491
up €46,491 (+305%), from €15,261 to €61,752
of which Remuneration and social security: +€30,038
- Other debts -€30,360
down €30,360 (-20.0%), from €151,557 to €121,197
- Staff costs -€52,642
down €52,642 (-27.3%), from €192,790 to €140,148
- Gross operating margin +€24,065
up €24,065 (+9.7%), from €247,374 to €271,439
- Taxes +€21,881
up €21,881 (+1,659%), from €1,319 to €23,200
- Financial income +€5,160
up €5,160 (+2,560%), from €202 to €5,361
- Depreciation +€3,259
up €3,259 (+23.9%), from €13,649 to €16,908
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €463,309 | €479,392 | +€16,083 | +3.5% |
| Fixed assets | 21/28 | €57,015 | €58,418 | +€1,404 | +2.5% |
| Tangible fixed assets | 22/27 | €57,015 | €58,418 | +€1,404 | +2.5% |
| Land and buildings | 22 | €5,794 | €5,484 | -€309 | -5.3% |
| Plant, machinery and equipment | 23 | €14,892 | €12,865 | -€2,027 | -13.6% |
| Furniture and vehicles | 24 | €32,730 | €36,969 | +€4,239 | +13.0% |
| Other tangible fixed assets | 26 | €3,598 | €3,100 | -€498 | -13.9% |
| Current assets | 29/58 | €406,295 | €420,974 | +€14,679 | +3.6% |
| Amounts receivable within one year | 40/41 | €394,511 | €417,224 | +€22,713 | +5.8% |
| Trade receivables | 40 | €375,216 | €247,239 | -€127,977 | -34.1% |
| Other amounts receivable | 41 | €19,295 | €169,985 | +€150,689 | +781% |
| Cash at bank and in hand | 54/58 | €2,059 | €351 | -€1,708 | -83.0% |
| Deferred charges and accrued income | 490/1 | €9,725 | €3,399 | -€6,326 | -65.0% |
| Total equity and liabilities | 10/49 | €463,309 | €479,392 | +€16,083 | +3.5% |
| Equity | 10/15 | €170,928 | €225,688 | +€54,760 | +32.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €158,528 | €213,288 | +€54,760 | +34.5% |
| Distributable reserves | 133 | €158,528 | €213,288 | +€54,760 | +34.5% |
| Amounts payable | 17/49 | €292,381 | €253,704 | -€38,677 | -13.2% |
| Amounts payable after more than one year | 17 | - | €1,563 | +€1,563 | |
| Financial debts | 170/4 | - | €1,563 | +€1,563 | |
| Amounts payable within one year | 42/48 | €290,681 | €252,142 | -€38,540 | -13.3% |
| Current portion of amounts payable after more than one year | 42 | €13,306 | €9,134 | -€4,172 | -31.4% |
| Financial debts | 43 | €9,548 | €5,786 | -€3,762 | -39.4% |
| Credit institutions | 430/8 | €9,548 | €5,786 | -€3,762 | -39.4% |
| Trade debts | 44 | €101,010 | €54,273 | -€46,736 | -46.3% |
| Suppliers | 440/4 | €101,010 | €54,273 | -€46,736 | -46.3% |
| Taxes, remuneration and social security | 45 | €15,261 | €61,752 | +€46,491 | +305% |
| Taxes | 450/3 | €6,887 | €23,339 | +€16,452 | +239% |
| Remuneration and social security | 454/9 | €8,374 | €38,413 | +€30,038 | +359% |
| Other amounts payable | 47/48 | €151,557 | €121,197 | -€30,360 | -20.0% |
| Accrued charges and deferred income | 492/3 | €1,700 | - | -€1,700 | |
| Non-recurring operating income | 76A | - | €12,444 | +€12,444 | |
| Remuneration, social security and pensions | 62 | €192,790 | €140,148 | -€52,642 | -27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,649 | €16,908 | +€3,259 | +23.9% |
| Other operating charges | 640/8 | €3,692 | €6,382 | +€2,690 | +72.9% |
| Gross operating margin | 9900 | €247,374 | €271,439 | +€24,065 | +9.7% |
| Operating profit (loss) | 9901 | €37,243 | €108,001 | +€70,758 | +190% |
| Financial income | 75/76B | €202 | €5,361 | +€5,160 | +2,560% |
| Recurring financial income | 75 | €202 | €5,361 | +€5,160 | +2,560% |
| Financial charges | 65/66B | €6,969 | €5,403 | -€1,566 | -22.5% |
| Recurring financial charges | 65 | €6,969 | €5,403 | -€1,566 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | €30,476 | €107,959 | +€77,484 | +254% |
| Income taxes | 67/77 | €1,319 | €23,200 | +€21,881 | +1,659% |
| Profit (loss) for the period | 9904 | €29,157 | €84,760 | +€55,603 | +191% |
| Profit (loss) for the period to be appropriated | 9905 | €29,157 | €84,760 | +€55,603 | +191% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.