PAINT-POL: 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-POL
Largest movements
- Cash -€36,136
down €36,136 (-49.2%), from €73,372 to €37,237
mainly Investment in fixed assets (net) (-€31,657) and Net result for the year (-€19,703)
- Tangible fixed assets +€17,102
up €17,102 (+29.9%), from €57,169 to €74,272
of which Furniture and vehicles: +€19,629
- Receivables within one year +€1,599
up €1,599 (+82.2%), from €1,946 to €3,545
of which Other amounts receivable: +€1,599
- Reserves -€19,703
down €19,703 (-22.6%), from €87,280 to €67,577
- Current portion of long-term debt +€12,629
up €12,629 (+245%), from €5,148 to €17,776
- Tax, wage and social debts -€9,595
down €9,595 (-42.7%), from €22,491 to €12,897
- Other debts -€4,772
no longer reported in 2025 (was €4,772)
- Debts after one year +€3,995
up €3,995 (+35.3%), from €11,319 to €15,314
- Gross operating margin -€74,344
down €74,344, from €72,624 to -€1,721
- Taxes -€12,066
down €12,066 (-99.2%), from €12,164 to €98
- Depreciation +€2,650
up €2,650 (+22.3%), from €11,905 to €14,555
- Other operating charges +€1,049
up €1,049 (+220%), from €477 to €1,526
- Financial charges -€828
down €828 (-31.5%), from €2,633 to €1,805
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 | €134,010 | €117,318 | -€16,692 | -12.5% |
| Fixed assets | 21/28 | €57,339 | €74,442 | +€17,102 | +29.8% |
| Tangible fixed assets | 22/27 | €57,169 | €74,272 | +€17,102 | +29.9% |
| Plant, machinery and equipment | 23 | €8,925 | €9,423 | +€498 | +5.6% |
| Furniture and vehicles | 24 | €21,243 | €40,872 | +€19,629 | +92.4% |
| Other tangible fixed assets | 26 | €27,001 | €23,976 | -€3,025 | -11.2% |
| Financial fixed assets | 28 | €170 | €170 | = | 0.0% |
| Current assets | 29/58 | €76,671 | €42,877 | -€33,794 | -44.1% |
| Amounts receivable within one year | 40/41 | €1,946 | €3,545 | +€1,599 | +82.2% |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €1,946 | €3,545 | +€1,599 | +82.2% |
| Cash at bank and in hand | 54/58 | €73,372 | €37,237 | -€36,136 | -49.2% |
| Deferred charges and accrued income | 490/1 | €1,353 | €2,095 | +€742 | +54.9% |
| Total equity and liabilities | 10/49 | €134,010 | €117,318 | -€16,692 | -12.5% |
| Equity | 10/15 | €90,280 | €70,577 | -€19,703 | -21.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €87,280 | €67,577 | -€19,703 | -22.6% |
| Distributable reserves | 133 | €87,280 | €67,577 | -€19,703 | -22.6% |
| Amounts payable | 17/49 | €43,730 | €46,741 | +€3,011 | +6.9% |
| Amounts payable after more than one year | 17 | €11,319 | €15,314 | +€3,995 | +35.3% |
| Financial debts | 170/4 | €11,319 | €15,314 | +€3,995 | +35.3% |
| Amounts payable within one year | 42/48 | €32,411 | €31,427 | -€984 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €5,148 | €17,776 | +€12,629 | +245% |
| Trade debts | 44 | €0 | €754 | +€754 | |
| Suppliers | 440/4 | €0 | €754 | +€754 | |
| Taxes, remuneration and social security | 45 | €22,491 | €12,897 | -€9,595 | -42.7% |
| Taxes | 450/3 | €22,491 | €12,897 | -€9,595 | -42.7% |
| Other amounts payable | 47/48 | €4,772 | - | -€4,772 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,905 | €14,555 | +€2,650 | +22.3% |
| Other operating charges | 640/8 | €477 | €1,526 | +€1,049 | +220% |
| Gross operating margin | 9900 | €72,624 | -€1,721 | -€74,344 | |
| Operating profit (loss) | 9901 | €60,242 | -€17,801 | -€78,043 | |
| Financial income | 75/76B | €0 | €1 | +€1 | +1,180% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +1,180% |
| Financial charges | 65/66B | €2,633 | €1,805 | -€828 | -31.5% |
| Recurring financial charges | 65 | €2,633 | €1,805 | -€828 | -31.5% |
| Profit (loss) for the period before taxes | 9903 | €57,609 | -€19,605 | -€77,214 | |
| Income taxes | 67/77 | €12,164 | €98 | -€12,066 | -99.2% |
| Profit (loss) for the period | 9904 | €45,445 | -€19,703 | -€65,148 | |
| Profit (loss) for the period to be appropriated | 9905 | €45,445 | -€19,703 | -€65,148 |
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 20 October 2026 via checked.be.