PAINTURE: 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.
What changed
PAINTURE
NACE 10.712, Artisanal bread and fresh pastry making
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€357,443
2024 · €346,269+€11,174
Equity
€1.8m
2024 · €1.4m+€357,443
Cash
€108,549
2024 · €97,449+€11,100
Balance sheet total
€2.9m
2024 · €2.7m+€162,754
Largest movements
Assets
- Current investments +€150,000
up €150,000 (+100%), from €150,000 to €300,000
Equity and liabilities
- Reserves +€357,443
up €357,443 (+26.0%), from €1.4m to €1.7m
- Debts after one year -€148,571
down €148,571 (-14.7%), from €1.0m to €864,951
- Trade debts -€38,216
down €38,216 (-69.5%), from €54,960 to €16,744
Income statement
- Staff costs -€33,652
down €33,652 (-7.2%), from €466,254 to €432,602
- Gross operating margin -€17,568
down €17,568 (-1.5%), from €1.2m to €1.1m
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.
Result 2024
€346,269
Gross operating margin
-€17,568
Staff costs
+€33,652
Depreciation
-€11,151
Other operating charges
+€1,912
Financial income
-€707
Financial charges
+€10,280
Taxes
-€5,244
Result 2025
€357,443
raises the resultlowers the result
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.
From operations
+€472,245
Investment
-€314,164
Financing
-€146,980
Cash 2024
€97,449
From operations (derived)
+€472,245
Net result for the year
+€357,443
Depreciation
+€150,854
Stocks and contracts
+€21,712
Receivables within one year
-€10,388
Smaller working-capital items
+€313
Trade debts
-€38,216
Other debts
-€9,474
Investment (derived)
-€314,164
Investment in fixed assets (net)
-€164,164
Current investments
-€150,000
Financing
-€146,980
Debts after one year
-€148,571
Current portion of long-term debt
+€1,574
Short-term financial debts
+€17
Cash 2025
€108,549
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,715,671 | €2,878,425 | +€162,754 | +6.0% |
| Fixed assets | 21/28 | €2,294,830 | €2,308,140 | +€13,311 | +0.6% |
| Tangible fixed assets | 22/27 | €2,294,830 | €2,308,140 | +€13,311 | +0.6% |
| Land and buildings | 22 | €2,023,437 | €1,947,513 | -€75,924 | -3.8% |
| Plant, machinery and equipment | 23 | €173,623 | €281,255 | +€107,632 | +62.0% |
| Furniture and vehicles | 24 | €70,770 | €52,373 | -€18,397 | -26.0% |
| Other tangible fixed assets | 26 | €27,000 | €27,000 | = | 0.0% |
| Current assets | 29/58 | €420,841 | €570,285 | +€149,444 | +35.5% |
| Stocks and contracts in progress | 3 | €68,847 | €47,135 | -€21,712 | -31.5% |
| Stocks | 30/36 | €68,847 | €47,135 | -€21,712 | -31.5% |
| Amounts receivable within one year | 40/41 | €47,411 | €57,799 | +€10,388 | +21.9% |
| Trade receivables | 40 | €35,245 | €43,463 | +€8,218 | +23.3% |
| Other amounts receivable | 41 | €12,166 | €14,336 | +€2,170 | +17.8% |
| Current investments | 50/53 | €150,000 | €300,000 | +€150,000 | +100% |
| Cash at bank and in hand | 54/58 | €97,449 | €108,549 | +€11,100 | +11.4% |
| Deferred charges and accrued income | 490/1 | €57,134 | €56,802 | -€333 | -0.6% |
| Total equity and liabilities | 10/49 | €2,715,671 | €2,878,425 | +€162,754 | +6.0% |
| Equity | 10/15 | €1,400,002 | €1,757,445 | +€357,443 | +25.5% |
| Contributions | 10/11 | €24,300 | €24,300 | = | 0.0% |
| Reserves | 13 | €1,375,702 | €1,733,145 | +€357,443 | +26.0% |
| Distributable reserves | 133 | €1,375,702 | €1,733,145 | +€357,443 | +26.0% |
| Profit (loss) carried forward | 14 | -€0 | €0 | +€0 | |
| Amounts payable | 17/49 | €1,315,668 | €1,120,980 | -€194,689 | -14.8% |
| Amounts payable after more than one year | 17 | €1,013,522 | €864,951 | -€148,571 | -14.7% |
| Financial debts | 170/4 | €1,013,522 | €864,951 | -€148,571 | -14.7% |
| Amounts payable within one year | 42/48 | €297,137 | €251,751 | -€45,386 | -15.3% |
| Current portion of amounts payable after more than one year | 42 | €146,997 | €148,571 | +€1,574 | +1.1% |
| Financial debts | 43 | - | €17 | +€17 | |
| Credit institutions | 430/8 | - | €17 | +€17 | |
| Trade debts | 44 | €54,960 | €16,744 | -€38,216 | -69.5% |
| Suppliers | 440/4 | €54,960 | €16,744 | -€38,216 | -69.5% |
| Advances received on contracts in progress | 46 | - | €150 | +€150 | |
| Taxes, remuneration and social security | 45 | €85,501 | €86,063 | +€563 | +0.7% |
| Taxes | 450/3 | €33,862 | €35,611 | +€1,749 | +5.2% |
| Remuneration and social security | 454/9 | €51,639 | €50,452 | -€1,187 | -2.3% |
| Other amounts payable | 47/48 | €9,679 | €206 | -€9,474 | -97.9% |
| Accrued charges and deferred income | 492/3 | €5,010 | €4,278 | -€732 | -14.6% |
| Non-recurring operating income | 76A | €20,158 | €0 | -€20,158 | -100% |
| Remuneration, social security and pensions | 62 | €466,254 | €432,602 | -€33,652 | -7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €139,702 | €150,854 | +€11,151 | +8.0% |
| Other operating charges | 640/8 | €21,082 | €19,170 | -€1,912 | -9.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,160,309 | €1,142,741 | -€17,568 | -1.5% |
| Operating profit (loss) | 9901 | €533,271 | €540,116 | +€6,845 | +1.3% |
| Financial income | 75/76B | €6,914 | €6,207 | -€707 | -10.2% |
| Recurring financial income | 75 | €6,914 | €6,207 | -€707 | -10.2% |
| Financial charges | 65/66B | €41,328 | €31,048 | -€10,280 | -24.9% |
| Recurring financial charges | 65 | €41,328 | €31,048 | -€10,280 | -24.9% |
| Profit (loss) for the period before taxes | 9903 | €498,857 | €515,275 | +€16,418 | +3.3% |
| Income taxes | 67/77 | €152,588 | €157,832 | +€5,244 | +3.4% |
| Profit (loss) for the period | 9904 | €346,269 | €357,443 | +€11,174 | +3.2% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €346,269 | €357,443 | +€11,174 | +3.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.