Paintfactory Hasselt: 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 Hasselt
Largest movements
- Receivables within one year -€24,779
down €24,779 (-58.1%), from €42,625 to €17,846
of which Trade receivables: -€22,627
- Tangible fixed assets +€12,423
up €12,423 (+122%), from €10,156 to €22,579
of which Plant, machinery and equipment: +€13,362
- Stocks and contracts -€7,196
down €7,196 (-8.7%), from €82,581 to €75,385
- Cash -€4,330
down €4,330 (-18.0%), from €24,003 to €19,673
mainly Net result for the year (-€60,882) and Trade debts (-€31,074)
- Deferred charges and accrued income +€1,637
up €1,637 (+483%), from €339 to €1,976
- Profit (loss) carried forward -€60,882
down €60,882 (-19.5%), from -€312,051 to -€372,933
- Debts after one year +€35,308
up €35,308 (+28.3%), from €124,901 to €160,209
of which Other amounts payable: +€27,072
- Trade debts -€31,074
down €31,074 (-48.9%), from €63,515 to €32,442
- Tax, wage and social debts +€22,790
up €22,790 (+171%), from €13,339 to €36,129
of which Remuneration and social security: +€14,140
- Accrued charges and deferred income +€8,381
new in 2025: €8,381
- Staff costs +€70,705
up €70,705 (+62.8%), from €112,674 to €183,379
- Gross operating margin +€52,526
up €52,526 (+68.0%), from €77,263 to €129,789
- Depreciation +€1,695
up €1,695 (+50.2%), from €3,375 to €5,070
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 | €159,704 | €137,459 | -€22,245 | -13.9% |
| Fixed assets | 21/28 | €10,156 | €22,579 | +€12,423 | +122% |
| Tangible fixed assets | 22/27 | €10,156 | €22,579 | +€12,423 | +122% |
| Plant, machinery and equipment | 23 | €7,462 | €20,824 | +€13,362 | +179% |
| Furniture and vehicles | 24 | €727 | €473 | -€253 | -34.9% |
| Other tangible fixed assets | 26 | €1,968 | €1,282 | -€686 | -34.9% |
| Current assets | 29/58 | €149,548 | €114,880 | -€34,668 | -23.2% |
| Stocks and contracts in progress | 3 | €82,581 | €75,385 | -€7,196 | -8.7% |
| Stocks | 30/36 | €82,581 | €75,385 | -€7,196 | -8.7% |
| Amounts receivable within one year | 40/41 | €42,625 | €17,846 | -€24,779 | -58.1% |
| Trade receivables | 40 | €40,424 | €17,796 | -€22,627 | -56.0% |
| Other amounts receivable | 41 | €2,201 | €49 | -€2,152 | -97.8% |
| Cash at bank and in hand | 54/58 | €24,003 | €19,673 | -€4,330 | -18.0% |
| Deferred charges and accrued income | 490/1 | €339 | €1,976 | +€1,637 | +483% |
| Total equity and liabilities | 10/49 | €159,704 | €137,459 | -€22,245 | -13.9% |
| Equity | 10/15 | -€42,051 | -€102,933 | -€60,882 | -145% |
| Contributions | 10/11 | €270,000 | €270,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€312,051 | -€372,933 | -€60,882 | -19.5% |
| Amounts payable | 17/49 | €201,755 | €240,392 | +€38,637 | +19.2% |
| Amounts payable after more than one year | 17 | €124,901 | €160,209 | +€35,308 | +28.3% |
| Financial debts | 170/4 | - | €8,237 | +€8,237 | |
| Other amounts payable | 178/9 | €124,901 | €151,972 | +€27,072 | +21.7% |
| Amounts payable within one year | 42/48 | €76,854 | €71,802 | -€5,052 | -6.6% |
| Current portion of amounts payable after more than one year | 42 | - | €3,231 | +€3,231 | |
| Trade debts | 44 | €63,515 | €32,442 | -€31,074 | -48.9% |
| Suppliers | 440/4 | €63,515 | €32,442 | -€31,074 | -48.9% |
| Taxes, remuneration and social security | 45 | €13,339 | €36,129 | +€22,790 | +171% |
| Taxes | 450/3 | €161 | €8,812 | +€8,651 | +5,382% |
| Remuneration and social security | 454/9 | €13,178 | €27,318 | +€14,140 | +107% |
| Accrued charges and deferred income | 492/3 | - | €8,381 | +€8,381 | |
| Remuneration, social security and pensions | 62 | €112,674 | €183,379 | +€70,705 | +62.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,375 | €5,070 | +€1,695 | +50.2% |
| Other operating charges | 640/8 | €67 | €394 | +€327 | +492% |
| Gross operating margin | 9900 | €77,263 | €129,789 | +€52,526 | +68.0% |
| Operating profit (loss) | 9901 | -€38,852 | -€59,053 | -€20,201 | -52.0% |
| Financial income | 75/76B | €84 | €65 | -€19 | -22.5% |
| Recurring financial income | 75 | €84 | €65 | -€19 | -22.5% |
| Financial charges | 65/66B | €1,224 | €1,718 | +€494 | +40.4% |
| Recurring financial charges | 65 | €1,224 | €1,718 | +€494 | +40.4% |
| Profit (loss) for the period before taxes | 9903 | -€39,992 | -€60,706 | -€20,714 | -51.8% |
| Income taxes | 67/77 | €118 | €176 | +€58 | +49.7% |
| Profit (loss) for the period | 9904 | -€40,110 | -€60,882 | -€20,773 | -51.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€40,110 | -€60,882 | -€20,773 | -51.8% |
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 26 October 2026 via checked.be.