PAM ! ANIMATION: 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.
PAM ! ANIMATION
Largest movements
- Receivables within one year +€19,491
up €19,491 (+31.2%), from €62,562 to €82,053
of which Trade receivables: +€15,116
- Cash +€6,802
up €6,802 (+49.6%), from €13,710 to €20,512
mainly Other debts (+€10,923) and Net result for the year (+€10,177)
- Tangible fixed assets -€4,925
down €4,925 (-4.9%), from €100,044 to €95,120
of which Plant, machinery and equipment: -€4,606
- Other debts +€10,923
up €10,923 (+4,616%), from €237 to €11,159
- Short-term financial debts +€10,000
new in 2025: €10,000
- Tax, wage and social debts +€4,479
up €4,479 (+30.3%), from €14,798 to €19,277
of which Taxes: +€4,432
- Profit (loss) carried forward -€4,109
down €4,109 (-5.5%), from €74,279 to €70,170
- Trade debts +€2,614
up €2,614 (+27.5%), from €9,491 to €12,105
- Financial charges +€1,881
up €1,881 (+45.8%), from €4,109 to €5,990
- Depreciation +€1,730
up €1,730 (+38.7%), from €4,469 to €6,199
- Gross operating margin +€605
up €605 (+2.2%), from €28,004 to €28,609
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 | €176,316 | €197,685 | +€21,369 | +12.1% |
| Fixed assets | 21/28 | €100,044 | €95,120 | -€4,925 | -4.9% |
| Tangible fixed assets | 22/27 | €100,044 | €95,120 | -€4,925 | -4.9% |
| Land and buildings | 22 | €79,111 | €79,111 | = | 0.0% |
| Plant, machinery and equipment | 23 | €20,614 | €16,009 | -€4,606 | -22.3% |
| Furniture and vehicles | 24 | €319 | - | -€319 | |
| Current assets | 29/58 | €76,272 | €102,566 | +€26,294 | +34.5% |
| Amounts receivable within one year | 40/41 | €62,562 | €82,053 | +€19,491 | +31.2% |
| Trade receivables | 40 | €43,573 | €58,688 | +€15,116 | +34.7% |
| Other amounts receivable | 41 | €18,989 | €23,365 | +€4,376 | +23.0% |
| Cash at bank and in hand | 54/58 | €13,710 | €20,512 | +€6,802 | +49.6% |
| Total equity and liabilities | 10/49 | €176,316 | €197,685 | +€21,369 | +12.1% |
| Equity | 10/15 | €88,539 | €84,430 | -€4,109 | -4.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 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 | €74,279 | €70,170 | -€4,109 | -5.5% |
| Amounts payable | 17/49 | €87,777 | €113,255 | +€25,478 | +29.0% |
| Amounts payable after more than one year | 17 | €60,264 | €57,816 | -€2,449 | -4.1% |
| Financial debts | 170/4 | €60,264 | €57,816 | -€2,449 | -4.1% |
| Amounts payable within one year | 42/48 | €27,513 | €55,440 | +€27,927 | +102% |
| Current portion of amounts payable after more than one year | 42 | €2,697 | €2,608 | -€89 | -3.3% |
| Financial debts | 43 | - | €10,000 | +€10,000 | |
| Credit institutions | 430/8 | - | €10,000 | +€10,000 | |
| Trade debts | 44 | €9,491 | €12,105 | +€2,614 | +27.5% |
| Suppliers | 440/4 | €9,491 | €12,105 | +€2,614 | +27.5% |
| Advances received on contracts in progress | 46 | €290 | €290 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €14,798 | €19,277 | +€4,479 | +30.3% |
| Taxes | 450/3 | €4,121 | €8,553 | +€4,432 | +108% |
| Remuneration and social security | 454/9 | €10,677 | €10,724 | +€47 | +0.4% |
| Other amounts payable | 47/48 | €237 | €11,159 | +€10,923 | +4,616% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,469 | €6,199 | +€1,730 | +38.7% |
| Other operating charges | 640/8 | €779 | €620 | -€160 | -20.5% |
| Gross operating margin | 9900 | €28,004 | €28,609 | +€605 | +2.2% |
| Operating profit (loss) | 9901 | €22,756 | €21,791 | -€965 | -4.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €4,109 | €5,990 | +€1,881 | +45.8% |
| Recurring financial charges | 65 | €4,109 | €5,990 | +€1,881 | +45.8% |
| Profit (loss) for the period before taxes | 9903 | €18,647 | €15,801 | -€2,846 | -15.3% |
| Income taxes | 67/77 | €5,412 | €5,625 | +€213 | +3.9% |
| Profit (loss) for the period | 9904 | €13,235 | €10,177 | -€3,059 | -23.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,235 | €10,177 | -€3,059 | -23.1% |
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.