Pajoplants: 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.
Pajoplants
Largest movements
- Tangible fixed assets +€155,247
up €155,247 (+28.1%), from €552,921 to €708,168
of which Land and buildings: +€148,681
- Receivables within one year +€38,876
up €38,876 (+277%), from €14,052 to €52,928
of which Trade receivables: +€39,584
- Current investments +€35,166
new in 2025: €35,166
- Cash +€12,509
up €12,509 (+14.9%), from €83,975 to €96,484
mainly Short-term financial debts (+€113,054) and Net result for the year (+€84,231)
- Stocks and contracts +€12,016
up €12,016 (+8.3%), from €144,270 to €156,287
- Short-term financial debts +€113,054
up €113,054 (+151%), from €75,000 to €188,054
- Profit (loss) carried forward +€84,231
up €84,231 (+188%), from €44,692 to €128,923
- Trade debts +€62,791
up €62,791 (+138%), from €45,356 to €108,147
- Debts after one year -€59,251
down €59,251 (-9.7%), from €608,031 to €548,780
- Tax, wage and social debts +€24,915
up €24,915 (+95.6%), from €26,073 to €50,988
of which Taxes: +€27,729
- Gross operating margin +€92,929
up €92,929 (+59.5%), from €156,261 to €249,189
- Taxes +€17,873
up €17,873 (+258%), from €6,935 to €24,808
- Staff costs +€6,429
up €6,429 (+10.4%), from €61,667 to €68,095
- Depreciation +€6,296
up €6,296 (+14.3%), from €43,882 to €50,178
- Financial charges +€5,912
up €5,912 (+44.7%), from €13,234 to €19,146
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 | €875,972 | €1,121,729 | +€245,757 | +28.1% |
| Fixed assets | 21/28 | €631,697 | €776,735 | +€145,038 | +23.0% |
| Intangible fixed assets | 21 | €78,526 | €68,317 | -€10,209 | -13.0% |
| Tangible fixed assets | 22/27 | €552,921 | €708,168 | +€155,247 | +28.1% |
| Land and buildings | 22 | €499,429 | €648,110 | +€148,681 | +29.8% |
| Plant, machinery and equipment | 23 | €31,669 | €37,606 | +€5,937 | +18.7% |
| Furniture and vehicles | 24 | €21,823 | €22,452 | +€629 | +2.9% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €244,274 | €344,994 | +€100,719 | +41.2% |
| Stocks and contracts in progress | 3 | €144,270 | €156,287 | +€12,016 | +8.3% |
| Stocks | 30/36 | €144,270 | €156,287 | +€12,016 | +8.3% |
| Amounts receivable within one year | 40/41 | €14,052 | €52,928 | +€38,876 | +277% |
| Trade receivables | 40 | €13,345 | €52,928 | +€39,584 | +297% |
| Other amounts receivable | 41 | €707 | €0 | -€707 | -100% |
| Current investments | 50/53 | - | €35,166 | +€35,166 | |
| Cash at bank and in hand | 54/58 | €83,975 | €96,484 | +€12,509 | +14.9% |
| Deferred charges and accrued income | 490/1 | €1,977 | €4,128 | +€2,152 | +109% |
| Total equity and liabilities | 10/49 | €875,972 | €1,121,729 | +€245,757 | +28.1% |
| Equity | 10/15 | €63,292 | €147,523 | +€84,231 | +133% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,692 | €128,923 | +€84,231 | +188% |
| Amounts payable | 17/49 | €812,679 | €974,206 | +€161,526 | +19.9% |
| Amounts payable after more than one year | 17 | €608,031 | €548,780 | -€59,251 | -9.7% |
| Financial debts | 170/4 | €608,031 | €548,780 | -€59,251 | -9.7% |
| Amounts payable within one year | 42/48 | €204,648 | €425,425 | +€220,777 | +108% |
| Current portion of amounts payable after more than one year | 42 | €57,254 | €59,251 | +€1,997 | +3.5% |
| Financial debts | 43 | €75,000 | €188,054 | +€113,054 | +151% |
| Credit institutions | 430/8 | €75,000 | €188,054 | +€113,054 | +151% |
| Trade debts | 44 | €45,356 | €108,147 | +€62,791 | +138% |
| Suppliers | 440/4 | €45,356 | €108,147 | +€62,791 | +138% |
| Taxes, remuneration and social security | 45 | €26,073 | €50,988 | +€24,915 | +95.6% |
| Taxes | 450/3 | €11,587 | €39,317 | +€27,729 | +239% |
| Remuneration and social security | 454/9 | €14,485 | €11,671 | -€2,814 | -19.4% |
| Other amounts payable | 47/48 | €965 | €18,985 | +€18,020 | +1,867% |
| Non-recurring operating income | 76A | - | €413 | +€413 | |
| Remuneration, social security and pensions | 62 | €61,667 | €68,095 | +€6,429 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,882 | €50,178 | +€6,296 | +14.3% |
| Other operating charges | 640/8 | €3,318 | €2,884 | -€434 | -13.1% |
| Gross operating margin | 9900 | €156,261 | €249,189 | +€92,929 | +59.5% |
| Operating profit (loss) | 9901 | €47,394 | €128,032 | +€80,638 | +170% |
| Financial income | 75/76B | €186 | €153 | -€33 | -17.6% |
| Recurring financial income | 75 | €186 | €153 | -€33 | -17.6% |
| Financial charges | 65/66B | €13,234 | €19,146 | +€5,912 | +44.7% |
| Recurring financial charges | 65 | €13,234 | €19,146 | +€5,912 | +44.7% |
| Profit (loss) for the period before taxes | 9903 | €34,345 | €109,039 | +€74,693 | +217% |
| Income taxes | 67/77 | €6,935 | €24,808 | +€17,873 | +258% |
| Profit (loss) for the period | 9904 | €27,410 | €84,231 | +€56,820 | +207% |
| Profit (loss) for the period to be appropriated | 9905 | €27,410 | €84,231 | +€56,820 | +207% |
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 14 October 2026 via checked.be.