Paintfactory Antwerpen: 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.
Paintfactory Antwerpen
Largest movements
- Receivables within one year -€53,288
down €53,288 (-50.6%), from €105,233 to €51,945
of which Trade receivables: -€49,995
- Cash +€41,008
up €41,008 (+21.4%), from €191,518 to €232,526
mainly Net result for the year (+€143,441) and Receivables within one year (+€53,288)
- Tangible fixed assets -€15,212
down €15,212 (-7.4%), from €205,618 to €190,406
of which Other tangible fixed assets: -€19,593
- Trade debts -€66,862
down €66,862 (-61.9%), from €107,976 to €41,114
- Reserves +€50,441
up €50,441 (+40.9%), from €123,389 to €173,831
- Debts after one year -€30,942
down €30,942 (-17.4%), from €178,086 to €147,145
of which Financial debts: -€33,746
- Tax, wage and social debts +€27,413
up €27,413 (+108%), from €25,422 to €52,835
of which Taxes: +€20,253
- Short-term financial debts -€10,571
down €10,571 (-25.2%), from €41,892 to €31,322
- Gross operating margin +€92,236
up €92,236 (+26.3%), from €350,248 to €442,484
- Taxes +€12,380
up €12,380 (+88.5%), from €13,994 to €26,374
- Staff costs -€6,050
down €6,050 (-2.6%), from €228,449 to €222,399
- Financial charges -€5,215
down €5,215 (-25.5%), from €20,477 to €15,261
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 | €648,527 | €624,460 | -€24,067 | -3.7% |
| Fixed assets | 21/28 | €228,428 | €213,216 | -€15,212 | -6.7% |
| Tangible fixed assets | 22/27 | €205,618 | €190,406 | -€15,212 | -7.4% |
| Plant, machinery and equipment | 23 | €23,231 | €27,613 | +€4,381 | +18.9% |
| Other tangible fixed assets | 26 | €182,386 | €162,793 | -€19,593 | -10.7% |
| Financial fixed assets | 28 | €22,810 | €22,810 | = | 0.0% |
| Current assets | 29/58 | €420,099 | €411,244 | -€8,856 | -2.1% |
| Amounts receivable after more than one year | 29 | €7,543 | €7,543 | = | 0.0% |
| Other amounts receivable | 291 | €7,543 | €7,543 | = | 0.0% |
| Stocks and contracts in progress | 3 | €114,105 | €115,691 | +€1,586 | +1.4% |
| Stocks | 30/36 | €114,105 | €115,691 | +€1,586 | +1.4% |
| Amounts receivable within one year | 40/41 | €105,233 | €51,945 | -€53,288 | -50.6% |
| Trade receivables | 40 | €82,998 | €33,003 | -€49,995 | -60.2% |
| Other amounts receivable | 41 | €22,235 | €18,942 | -€3,293 | -14.8% |
| Cash at bank and in hand | 54/58 | €191,518 | €232,526 | +€41,008 | +21.4% |
| Deferred charges and accrued income | 490/1 | €1,700 | €3,538 | +€1,838 | +108% |
| Total equity and liabilities | 10/49 | €648,527 | €624,460 | -€24,067 | -3.7% |
| Equity | 10/15 | €163,389 | €213,831 | +€50,441 | +30.9% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €123,389 | €173,831 | +€50,441 | +40.9% |
| Distributable reserves | 133 | €123,389 | €173,831 | +€50,441 | +40.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €485,138 | €410,629 | -€74,509 | -15.4% |
| Amounts payable after more than one year | 17 | €178,086 | €147,145 | -€30,942 | -17.4% |
| Financial debts | 170/4 | €169,586 | €135,840 | -€33,746 | -19.9% |
| Other amounts payable | 178/9 | €8,500 | €11,304 | +€2,804 | +33.0% |
| Amounts payable within one year | 42/48 | €307,051 | €263,485 | -€43,567 | -14.2% |
| Current portion of amounts payable after more than one year | 42 | €42,810 | €45,214 | +€2,404 | +5.6% |
| Financial debts | 43 | €41,892 | €31,322 | -€10,571 | -25.2% |
| Credit institutions | 430/8 | €41,892 | €31,322 | -€10,571 | -25.2% |
| Trade debts | 44 | €107,976 | €41,114 | -€66,862 | -61.9% |
| Suppliers | 440/4 | €107,976 | €41,114 | -€66,862 | -61.9% |
| Taxes, remuneration and social security | 45 | €25,422 | €52,835 | +€27,413 | +108% |
| Taxes | 450/3 | €752 | €21,005 | +€20,253 | +2,694% |
| Remuneration and social security | 454/9 | €24,670 | €31,830 | +€7,160 | +29.0% |
| Other amounts payable | 47/48 | €88,951 | €93,000 | +€4,049 | +4.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €228,449 | €222,399 | -€6,050 | -2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,105 | €32,057 | +€2,951 | +10.1% |
| Other operating charges | 640/8 | €2,078 | €3,970 | +€1,891 | +91.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €350,248 | €442,484 | +€92,236 | +26.3% |
| Operating profit (loss) | 9901 | €90,616 | €184,059 | +€93,443 | +103% |
| Financial income | 75/76B | €2,238 | €1,017 | -€1,221 | -54.5% |
| Recurring financial income | 75 | €2,238 | €1,017 | -€1,221 | -54.5% |
| Financial charges | 65/66B | €20,477 | €15,261 | -€5,215 | -25.5% |
| Recurring financial charges | 65 | €20,477 | €15,261 | -€5,215 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | €72,377 | €169,815 | +€97,438 | +135% |
| Income taxes | 67/77 | €13,994 | €26,374 | +€12,380 | +88.5% |
| Profit (loss) for the period | 9904 | €58,384 | €143,441 | +€85,058 | +146% |
| Profit (loss) for the period to be appropriated | 9905 | €58,384 | €143,441 | +€85,058 | +146% |
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.