PAJAPA: 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.
PAJAPA
Largest movements
- Receivables within one year -€330,686
down €330,686 (-34.4%), from €960,000 to €629,314
of which Other amounts receivable: -€353,246
- Tangible fixed assets -€31,686
down €31,686 (-5.4%), from €591,355 to €559,668
- Other debts -€221,156
down €221,156 (-32.9%), from €671,411 to €450,255
- Profit (loss) carried forward -€140,711
down €140,711 (-37.4%), from €375,977 to €235,266
- Financial charges +€126,644
up €126,644 (+1,606%), from €7,887 to €134,531
of which Financial charges: +€118,004
- Gross operating margin -€202
down €202 (-4.5%), from -€4,531 to -€4,733
- Other operating charges +€92
up €92 (+10.6%), from €868 to €960
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,553,931 | €1,191,998 | -€361,933 | -23.3% |
| Fixed assets | 21/28 | €591,655 | €559,968 | -€31,686 | -5.4% |
| Tangible fixed assets | 22/27 | €591,355 | €559,668 | -€31,686 | -5.4% |
| Furniture and vehicles | 24 | €591,355 | €559,668 | -€31,686 | -5.4% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €962,276 | €632,030 | -€330,246 | -34.3% |
| Amounts receivable within one year | 40/41 | €960,000 | €629,314 | -€330,686 | -34.4% |
| Trade receivables | 40 | - | €22,560 | +€22,560 | |
| Other amounts receivable | 41 | €960,000 | €606,754 | -€353,246 | -36.8% |
| Cash at bank and in hand | 54/58 | €1,192 | €1,580 | +€388 | +32.6% |
| Deferred charges and accrued income | 490/1 | €1,084 | €1,136 | +€52 | +4.8% |
| Total equity and liabilities | 10/49 | €1,553,931 | €1,191,998 | -€361,933 | -23.3% |
| Equity | 10/15 | €776,632 | €635,921 | -€140,711 | -18.1% |
| Contributions | 10/11 | €325,583 | €325,583 | = | 0.0% |
| Reserves | 13 | €75,072 | €75,072 | = | 0.0% |
| Non-distributable reserves | 130/1 | €32,558 | €32,558 | = | 0.0% |
| Reserves not available under the articles | 1311 | €32,558 | €32,558 | = | 0.0% |
| Distributable reserves | 133 | €42,514 | €42,514 | = | 0.0% |
| Profit (loss) carried forward | 14 | €375,977 | €235,266 | -€140,711 | -37.4% |
| Amounts payable | 17/49 | €777,299 | €556,077 | -€221,222 | -28.5% |
| Amounts payable after more than one year | 17 | €105,605 | €105,605 | = | 0.0% |
| Financial debts | 170/4 | €105,605 | €105,605 | = | 0.0% |
| Amounts payable within one year | 42/48 | €671,694 | €450,473 | -€221,222 | -32.9% |
| Trade debts | 44 | €283 | €218 | -€65 | -23.1% |
| Suppliers | 440/4 | €283 | €218 | -€65 | -23.1% |
| Other amounts payable | 47/48 | €671,411 | €450,255 | -€221,156 | -32.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €486 | €486 | = | 0.0% |
| Other operating charges | 640/8 | €868 | €960 | +€92 | +10.6% |
| Gross operating margin | 9900 | -€4,531 | -€4,733 | -€202 | -4.5% |
| Operating profit (loss) | 9901 | -€5,885 | -€6,180 | -€295 | -5.0% |
| Financial charges | 65/66B | €7,887 | €134,531 | +€126,644 | +1,606% |
| Recurring financial charges | 65 | €7,887 | €125,891 | +€118,004 | +1,496% |
| Non-recurring financial charges | 66B | - | €8,640 | +€8,640 | |
| Profit (loss) for the period before taxes | 9903 | -€13,772 | -€140,711 | -€126,939 | -922% |
| Profit (loss) for the period | 9904 | -€13,772 | -€140,711 | -€126,939 | -922% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,772 | -€140,711 | -€126,939 | -922% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.