PAIX 25: 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.
PAIX 25
Largest movements
- Tangible fixed assets -€91,375
down €91,375 (-4.8%), from €1.9m to €1.8m
of which Land and buildings: -€87,694
- Cash -€42,197
down €42,197 (-43.0%), from €98,235 to €56,038
mainly Other debts (-€71,169) and Net result for the year (-€61,294)
- Other debts -€71,169
down €71,169 (-2.8%), from €2.6m to €2.5m
- Profit (loss) carried forward -€61,294
down €61,294 (-18.2%), from -€336,702 to -€397,996
- Gross operating margin +€63,256
up €63,256, from -€4,169 to €59,087
- Depreciation +€12,012
up €12,012 (+11.6%), from €103,563 to €115,575
- Other operating charges +€2,621
up €2,621 (+131%), from €2,005 to €4,626
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 | €2,230,526 | €2,099,547 | -€130,979 | -5.9% |
| Fixed assets | 21/28 | €1,896,785 | €1,805,410 | -€91,375 | -4.8% |
| Tangible fixed assets | 22/27 | €1,896,785 | €1,805,410 | -€91,375 | -4.8% |
| Land and buildings | 22 | €1,861,485 | €1,773,791 | -€87,694 | -4.7% |
| Plant, machinery and equipment | 23 | €4,727 | €4,215 | -€512 | -10.8% |
| Furniture and vehicles | 24 | €30,572 | €27,404 | -€3,168 | -10.4% |
| Current assets | 29/58 | €333,742 | €294,137 | -€39,604 | -11.9% |
| Amounts receivable within one year | 40/41 | €234,225 | €236,857 | +€2,632 | +1.1% |
| Trade receivables | 40 | - | €4,009 | +€4,009 | |
| Other amounts receivable | 41 | €234,225 | €232,848 | -€1,377 | -0.6% |
| Cash at bank and in hand | 54/58 | €98,235 | €56,038 | -€42,197 | -43.0% |
| Deferred charges and accrued income | 490/1 | €1,282 | €1,242 | -€40 | -3.1% |
| Total equity and liabilities | 10/49 | €2,230,526 | €2,099,547 | -€130,979 | -5.9% |
| Equity | 10/15 | -€333,702 | -€394,996 | -€61,294 | -18.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€336,702 | -€397,996 | -€61,294 | -18.2% |
| Amounts payable | 17/49 | €2,564,228 | €2,494,543 | -€69,686 | -2.7% |
| Amounts payable within one year | 42/48 | €2,564,228 | €2,494,543 | -€69,686 | -2.7% |
| Trade debts | 44 | €8,648 | €10,132 | +€1,484 | +17.2% |
| Suppliers | 440/4 | €8,648 | €10,132 | +€1,484 | +17.2% |
| Other amounts payable | 47/48 | €2,555,580 | €2,484,411 | -€71,169 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,563 | €115,575 | +€12,012 | +11.6% |
| Other operating charges | 640/8 | €2,005 | €4,626 | +€2,621 | +131% |
| Gross operating margin | 9900 | -€4,169 | €59,087 | +€63,256 | |
| Operating profit (loss) | 9901 | -€109,737 | -€61,114 | +€48,623 | +44.3% |
| Financial charges | 65/66B | €180 | €180 | +€0 | 0.0% |
| Recurring financial charges | 65 | €180 | €180 | +€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€109,917 | -€61,294 | +€48,623 | +44.2% |
| Profit (loss) for the period | 9904 | -€109,917 | -€61,294 | +€48,623 | +44.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€109,917 | -€61,294 | +€48,623 | +44.2% |
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 30 October 2026 via checked.be.