Pajuro: 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.
Pajuro
Largest movements
- Receivables within one year +€51,728
up €51,728 (+7,078%), from €731 to €52,459
of which Trade receivables: +€43,283
- Cash +€31,714
up €31,714 (+260%), from €12,190 to €43,904
mainly Contributions, distributions and other (+€60,000) and Trade debts (+€33,092)
- Financial fixed assets +€20,910
up €20,910 (+22,011%), from €95 to €21,005
- Tangible fixed assets +€15,782
up €15,782 (+38.4%), from €41,129 to €56,910
of which Other tangible fixed assets: +€11,435
- Contributions +€60,000
up €60,000 (+120%), from €50,000 to €110,000
- Trade debts +€33,092
up €33,092 (+473%), from €7,003 to €40,096
- Tax, wage and social debts +€20,559
up €20,559 (+456%), from €4,508 to €25,067
of which Remuneration and social security: +€17,221
- Current portion of long-term debt +€19,648
up €19,648 (+5,589%), from €352 to €20,000
- Profit (loss) carried forward -€10,664
down €10,664 (-11.4%), from -€93,932 to -€104,596
- Gross operating margin -€37,662
down €37,662 (-42.1%), from €89,358 to €51,696
- Staff costs +€28,611
up €28,611 (+127%), from €22,445 to €51,056
- Depreciation -€8,561
down €8,561 (-46.8%), from €18,273 to €9,713
- Other operating charges -€3,662
down €3,662 (-75.3%), from €4,862 to €1,200
- Financial charges -€2,060
down €2,060 (-84.0%), from €2,452 to €392
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €57,105 | €178,400 | +€121,295 | +212% |
| Fixed assets | 21/28 | €41,224 | €77,915 | +€36,692 | +89.0% |
| Tangible fixed assets | 22/27 | €41,129 | €56,910 | +€15,782 | +38.4% |
| Plant, machinery and equipment | 23 | €23,337 | €20,647 | -€2,690 | -11.5% |
| Furniture and vehicles | 24 | - | €7,037 | +€7,037 | |
| Other tangible fixed assets | 26 | €17,792 | €29,227 | +€11,435 | +64.3% |
| Financial fixed assets | 28 | €95 | €21,005 | +€20,910 | +22,011% |
| Current assets | 29/58 | €15,881 | €100,484 | +€84,603 | +533% |
| Stocks and contracts in progress | 3 | €1,358 | €2,463 | +€1,105 | +81.4% |
| Stocks | 30/36 | €1,358 | €2,463 | +€1,105 | +81.4% |
| Amounts receivable within one year | 40/41 | €731 | €52,459 | +€51,728 | +7,078% |
| Trade receivables | 40 | €731 | €44,014 | +€43,283 | +5,923% |
| Other amounts receivable | 41 | - | €8,445 | +€8,445 | |
| Cash at bank and in hand | 54/58 | €12,190 | €43,904 | +€31,714 | +260% |
| Deferred charges and accrued income | 490/1 | €1,602 | €1,659 | +€56 | +3.5% |
| Total equity and liabilities | 10/49 | €57,105 | €178,400 | +€121,295 | +212% |
| Equity | 10/15 | -€43,932 | €5,404 | +€49,336 | |
| Contributions | 10/11 | €50,000 | €110,000 | +€60,000 | +120% |
| Profit (loss) carried forward | 14 | -€93,932 | -€104,596 | -€10,664 | -11.4% |
| Amounts payable | 17/49 | €101,037 | €172,995 | +€71,959 | +71.2% |
| Amounts payable within one year | 42/48 | €101,037 | €172,995 | +€71,959 | +71.2% |
| Current portion of amounts payable after more than one year | 42 | €352 | €20,000 | +€19,648 | +5,589% |
| Trade debts | 44 | €7,003 | €40,096 | +€33,092 | +473% |
| Suppliers | 440/4 | €7,003 | €40,096 | +€33,092 | +473% |
| Taxes, remuneration and social security | 45 | €4,508 | €25,067 | +€20,559 | +456% |
| Taxes | 450/3 | €650 | €3,988 | +€3,338 | +514% |
| Remuneration and social security | 454/9 | €3,858 | €21,079 | +€17,221 | +446% |
| Other amounts payable | 47/48 | €89,174 | €87,833 | -€1,341 | -1.5% |
| Remuneration, social security and pensions | 62 | €22,445 | €51,056 | +€28,611 | +127% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,273 | €9,713 | -€8,561 | -46.8% |
| Other operating charges | 640/8 | €4,862 | €1,200 | -€3,662 | -75.3% |
| Gross operating margin | 9900 | €89,358 | €51,696 | -€37,662 | -42.1% |
| Operating profit (loss) | 9901 | €43,777 | -€10,273 | -€54,050 | |
| Financial income | 75/76B | €6 | €1 | -€5 | -80.3% |
| Recurring financial income | 75 | €6 | €1 | -€5 | -80.3% |
| Financial charges | 65/66B | €2,452 | €392 | -€2,060 | -84.0% |
| Recurring financial charges | 65 | €2,452 | €392 | -€2,060 | -84.0% |
| Profit (loss) for the period before taxes | 9903 | €41,331 | -€10,664 | -€51,995 | |
| Profit (loss) for the period | 9904 | €41,331 | -€10,664 | -€51,995 | |
| Profit (loss) for the period to be appropriated | 9905 | €41,331 | -€10,664 | -€51,995 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.