PAINT WORKING: what changed
PAINT WORKING
Largest movements
- Receivables within one year +€8,653
up €8,653 (+149%), from €5,797 to €14,450
of which Trade receivables: +€12,840
- Cash +€3,942
up €3,942 (+35.0%), from €11,258 to €15,200
mainly Net result for the year (+€11,844) and Trade debts (+€2,345)
- Tangible fixed assets +€3,574
up €3,574 (+868%), from €412 to €3,985
of which Plant, machinery and equipment: +€2,934
- Reserves +€10,000
up €10,000 (+133%), from €7,500 to €17,500
- Trade debts +€2,345
new in 2025: €2,345
- Tax, wage and social debts +€1,980
up €1,980 (+177%), from €1,121 to €3,101
- Profit (loss) carried forward +€1,844
up €1,844 (+567%), from €325 to €2,169
- Gross operating margin +€9,439
up €9,439 (+137%), from €6,898 to €16,336
- Taxes +€2,411
up €2,411 (+207%), from €1,164 to €3,575
- Depreciation +€581
up €581 (+247%), from €235 to €816
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 | €17,467 | €33,635 | +€16,169 | +92.6% |
| Fixed assets | 21/28 | €412 | €3,985 | +€3,574 | +868% |
| Tangible fixed assets | 22/27 | €412 | €3,985 | +€3,574 | +868% |
| Plant, machinery and equipment | 23 | €412 | €3,345 | +€2,934 | +713% |
| Furniture and vehicles | 24 | - | €640 | +€640 | |
| Current assets | 29/58 | €17,055 | €29,650 | +€12,595 | +73.8% |
| Amounts receivable within one year | 40/41 | €5,797 | €14,450 | +€8,653 | +149% |
| Trade receivables | 40 | €1,162 | €14,002 | +€12,840 | +1,105% |
| Other amounts receivable | 41 | €4,634 | €448 | -€4,186 | -90.3% |
| Cash at bank and in hand | 54/58 | €11,258 | €15,200 | +€3,942 | +35.0% |
| Total equity and liabilities | 10/49 | €17,467 | €33,635 | +€16,169 | +92.6% |
| Equity | 10/15 | €11,325 | €23,169 | +€11,844 | +105% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €7,500 | €17,500 | +€10,000 | +133% |
| Distributable reserves | 133 | €7,500 | €17,500 | +€10,000 | +133% |
| Profit (loss) carried forward | 14 | €325 | €2,169 | +€1,844 | +567% |
| Amounts payable | 17/49 | €6,141 | €10,466 | +€4,325 | +70.4% |
| Amounts payable within one year | 42/48 | €6,141 | €10,466 | +€4,325 | +70.4% |
| Trade debts | 44 | - | €2,345 | +€2,345 | |
| Suppliers | 440/4 | - | €2,345 | +€2,345 | |
| Taxes, remuneration and social security | 45 | €1,121 | €3,101 | +€1,980 | +177% |
| Taxes | 450/3 | €1,121 | €3,101 | +€1,980 | +177% |
| Other amounts payable | 47/48 | €5,020 | €5,020 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €235 | €816 | +€581 | +247% |
| Gross operating margin | 9900 | €6,898 | €16,336 | +€9,439 | +137% |
| Operating profit (loss) | 9901 | €6,663 | €15,520 | +€8,858 | +133% |
| Financial charges | 65/66B | €191 | €102 | -€89 | -46.7% |
| Recurring financial charges | 65 | €191 | €102 | -€89 | -46.7% |
| Profit (loss) for the period before taxes | 9903 | €6,472 | €15,419 | +€8,947 | +138% |
| Income taxes | 67/77 | €1,164 | €3,575 | +€2,411 | +207% |
| Profit (loss) for the period | 9904 | €5,308 | €11,844 | +€6,536 | +123% |
| Profit (loss) for the period to be appropriated | 9905 | €5,308 | €11,844 | +€6,536 | +123% |
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 2 November 2026 via checked.be.