PAIVA: 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.
PAIVA
Largest movements
- Receivables within one year +€22,956
up €22,956 (+39.5%), from €58,120 to €81,076
of which Other amounts receivable: +€20,000
- Cash +€19,728
up €19,728 (+40.7%), from €48,486 to €68,215
mainly Net result for the year (+€35,514) and Tax, wage and social debts (+€12,143)
- Tangible fixed assets +€6,937
new in 2025: €6,937
- Profit (loss) carried forward +€35,514
up €35,514 (+62.0%), from €57,311 to €92,825
- Tax, wage and social debts +€12,143
up €12,143 (+58.6%), from €20,714 to €32,858
- Taxes +€15,789
up €15,789 (+122%), from €12,934 to €28,723
- Other operating charges -€2,132
down €2,132 (-38.2%), from €5,576 to €3,445
- Gross operating margin +€1,065
up €1,065 (+1.6%), from €66,593 to €67,658
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 | €109,168 | €157,729 | +€48,562 | +44.5% |
| Fixed assets | 21/28 | - | €6,937 | +€6,937 | |
| Tangible fixed assets | 22/27 | - | €6,937 | +€6,937 | |
| Other tangible fixed assets | 26 | - | €6,937 | +€6,937 | |
| Current assets | 29/58 | €109,168 | €150,793 | +€41,625 | +38.1% |
| Stocks and contracts in progress | 3 | €1,705 | €646 | -€1,059 | -62.1% |
| Stocks | 30/36 | €1,705 | €646 | -€1,059 | -62.1% |
| Amounts receivable within one year | 40/41 | €58,120 | €81,076 | +€22,956 | +39.5% |
| Trade receivables | 40 | €58,120 | €61,076 | +€2,956 | +5.1% |
| Other amounts receivable | 41 | - | €20,000 | +€20,000 | |
| Cash at bank and in hand | 54/58 | €48,486 | €68,215 | +€19,728 | +40.7% |
| Deferred charges and accrued income | 490/1 | €856 | €856 | = | 0.0% |
| Total equity and liabilities | 10/49 | €109,168 | €157,729 | +€48,562 | +44.5% |
| Equity | 10/15 | €65,371 | €100,885 | +€35,514 | +54.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,311 | €92,825 | +€35,514 | +62.0% |
| Amounts payable | 17/49 | €43,797 | €56,844 | +€13,047 | +29.8% |
| Amounts payable within one year | 42/48 | €43,797 | €56,844 | +€13,047 | +29.8% |
| Trade debts | 44 | €23,082 | €23,986 | +€904 | +3.9% |
| Suppliers | 440/4 | €23,082 | €23,986 | +€904 | +3.9% |
| Taxes, remuneration and social security | 45 | €20,714 | €32,858 | +€12,143 | +58.6% |
| Taxes | 450/3 | €20,714 | €32,858 | +€12,143 | +58.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €63 | +€63 | |
| Other operating charges | 640/8 | €5,576 | €3,445 | -€2,132 | -38.2% |
| Gross operating margin | 9900 | €66,593 | €67,658 | +€1,065 | +1.6% |
| Operating profit (loss) | 9901 | €61,017 | €64,150 | +€3,133 | +5.1% |
| Financial charges | 65/66B | €435 | -€87 | -€522 | |
| Recurring financial charges | 65 | €435 | -€87 | -€522 | |
| Profit (loss) for the period before taxes | 9903 | €60,582 | €64,238 | +€3,656 | +6.0% |
| Income taxes | 67/77 | €12,934 | €28,723 | +€15,789 | +122% |
| Profit (loss) for the period | 9904 | €47,647 | €35,514 | -€12,133 | -25.5% |
| Profit (loss) for the period to be appropriated | 9905 | €47,647 | €35,514 | -€12,133 | -25.5% |
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 17 October 2026 via checked.be.