Paint-O-Vation: 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-O-Vation
Largest movements
- Tangible fixed assets -€10,947
down €10,947 (-20.6%), from €53,170 to €42,224
of which Furniture and vehicles: -€9,689
- Stocks and contracts +€5,707
up €5,707 (+99.4%), from €5,743 to €11,449
- Receivables within one year -€4,089
down €4,089 (-44.6%), from €9,177 to €5,089
of which Trade receivables: -€3,814
- Cash -€3,448
down €3,448 (-58.6%), from €5,886 to €2,438
mainly Other debts (-€13,861) and Debts after one year (-€9,965)
- Deferred charges and accrued income -€3,125
down €3,125 (-27.8%), from €11,235 to €8,110
- Trade debts +€18,588
up €18,588 (+2,950%), from €630 to €19,218
- Other debts -€13,861
down €13,861 (-63.0%), from €21,999 to €8,139
- Debts after one year -€9,965
down €9,965 (-27.9%), from €35,723 to €25,759
- Profit (loss) carried forward -€9,179
down €9,179 (-218%), from -€4,214 to -€13,392
- Tax, wage and social debts -€3,775
down €3,775 (-72.1%), from €5,237 to €1,462
- Gross operating margin -€14,285
down €14,285 (-52.0%), from €27,449 to €13,164
- Depreciation +€3,397
up €3,397 (+29.1%), from €11,680 to €15,077
- Taxes -€1,172
no longer reported in 2025 (was €1,172)
- Financial charges -€1,078
down €1,078 (-16.6%), from €6,481 to €5,403
- Other operating charges +€860
up €860 (+85.8%), from €1,002 to €1,863
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 | €85,212 | €69,310 | -€15,901 | -18.7% |
| Fixed assets | 21/28 | €53,170 | €42,224 | -€10,947 | -20.6% |
| Tangible fixed assets | 22/27 | €53,170 | €42,224 | -€10,947 | -20.6% |
| Plant, machinery and equipment | 23 | €7,041 | €5,783 | -€1,258 | -17.9% |
| Furniture and vehicles | 24 | €46,130 | €36,441 | -€9,689 | -21.0% |
| Current assets | 29/58 | €32,041 | €27,087 | -€4,955 | -15.5% |
| Stocks and contracts in progress | 3 | €5,743 | €11,449 | +€5,707 | +99.4% |
| Stocks | 30/36 | €5,743 | €11,449 | +€5,707 | +99.4% |
| Amounts receivable within one year | 40/41 | €9,177 | €5,089 | -€4,089 | -44.6% |
| Trade receivables | 40 | €5,664 | €1,850 | -€3,814 | -67.3% |
| Other amounts receivable | 41 | €3,514 | €3,239 | -€275 | -7.8% |
| Cash at bank and in hand | 54/58 | €5,886 | €2,438 | -€3,448 | -58.6% |
| Deferred charges and accrued income | 490/1 | €11,235 | €8,110 | -€3,125 | -27.8% |
| Total equity and liabilities | 10/49 | €85,212 | €69,310 | -€15,901 | -18.7% |
| Equity | 10/15 | €11,896 | €2,717 | -€9,179 | -77.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €14,110 | €14,110 | = | 0.0% |
| Distributable reserves | 133 | €14,110 | €14,110 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,214 | -€13,392 | -€9,179 | -218% |
| Amounts payable | 17/49 | €73,316 | €66,593 | -€6,722 | -9.2% |
| Amounts payable after more than one year | 17 | €35,723 | €25,759 | -€9,965 | -27.9% |
| Financial debts | 170/4 | €35,723 | €25,759 | -€9,965 | -27.9% |
| Amounts payable within one year | 42/48 | €37,460 | €40,788 | +€3,328 | +8.9% |
| Current portion of amounts payable after more than one year | 42 | €9,594 | €9,970 | +€376 | +3.9% |
| Trade debts | 44 | €630 | €19,218 | +€18,588 | +2,950% |
| Suppliers | 440/4 | €630 | €19,218 | +€18,588 | +2,950% |
| Advances received on contracts in progress | 46 | - | €2,000 | +€2,000 | |
| Taxes, remuneration and social security | 45 | €5,237 | €1,462 | -€3,775 | -72.1% |
| Taxes | 450/3 | €5,237 | €1,462 | -€3,775 | -72.1% |
| Other amounts payable | 47/48 | €21,999 | €8,139 | -€13,861 | -63.0% |
| Accrued charges and deferred income | 492/3 | €132 | €47 | -€85 | -64.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,680 | €15,077 | +€3,397 | +29.1% |
| Other operating charges | 640/8 | €1,002 | €1,863 | +€860 | +85.8% |
| Non-recurring operating charges | 66A | €11,327 | - | -€11,327 | |
| Gross operating margin | 9900 | €27,449 | €13,164 | -€14,285 | -52.0% |
| Operating profit (loss) | 9901 | €3,439 | -€3,775 | -€7,214 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +50.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +50.0% |
| Financial charges | 65/66B | €6,481 | €5,403 | -€1,078 | -16.6% |
| Recurring financial charges | 65 | €6,481 | €5,403 | -€1,078 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,042 | -€9,179 | -€6,137 | -202% |
| Income taxes | 67/77 | €1,172 | - | -€1,172 | |
| Profit (loss) for the period | 9904 | -€4,214 | -€9,179 | -€4,965 | -118% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,214 | -€9,179 | -€4,965 | -118% |
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 31 October 2026 via checked.be.