PAM CONSULTING: what changed
PAM CONSULTING
Largest movements
- Cash +€23,358
up €23,358 (+64.0%), from €36,482 to €59,840
mainly Trade debts (+€32,004) and Depreciation (+€13,736)
- Receivables within one year +€11,847
up €11,847 (+24.6%), from €48,109 to €59,956
of which Other amounts receivable: +€18,280
- Deferred charges and accrued income -€5,437
down €5,437 (-44.4%), from €12,257 to €6,820
- Tangible fixed assets -€4,160
down €4,160 (-1.6%), from €255,059 to €250,900
of which Land and buildings: -€8,385
- Trade debts +€32,004
up €32,004 (+490%), from €6,533 to €38,537
- Debts after one year -€10,814
down €10,814 (-5.8%), from €186,157 to €175,344
- Reserves +€9,163
up €9,163 (+7.8%), from €117,008 to €126,171
- Tax, wage and social debts -€4,773
down €4,773 (-17.7%), from €26,959 to €22,186
of which Remuneration and social security: -€4,050
- Financial charges +€3,138
up €3,138 (+48.1%), from €6,525 to €9,663
- Gross operating margin -€2,808
down €2,808 (-5.9%), from €47,799 to €44,991
- Depreciation +€2,156
up €2,156 (+18.6%), from €11,580 to €13,736
- Taxes -€1,011
down €1,011 (-7.2%), from €14,104 to €13,093
- Other operating charges -€783
down €783 (-56.2%), from €1,393 to €610
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €351,907 | €377,516 | +€25,608 | +7.3% |
| Fixed assets | 21/28 | €255,059 | €250,900 | -€4,160 | -1.6% |
| Tangible fixed assets | 22/27 | €255,059 | €250,900 | -€4,160 | -1.6% |
| Land and buildings | 22 | €236,404 | €228,019 | -€8,385 | -3.5% |
| Plant, machinery and equipment | 23 | €2,268 | €1,666 | -€602 | -26.5% |
| Furniture and vehicles | 24 | €13,381 | €10,793 | -€2,587 | -19.3% |
| Other tangible fixed assets | 26 | €3,007 | €10,421 | +€7,414 | +247% |
| Current assets | 29/58 | €96,848 | €126,616 | +€29,768 | +30.7% |
| Amounts receivable within one year | 40/41 | €48,109 | €59,956 | +€11,847 | +24.6% |
| Trade receivables | 40 | €31,728 | €25,295 | -€6,433 | -20.3% |
| Other amounts receivable | 41 | €16,381 | €34,661 | +€18,280 | +112% |
| Cash at bank and in hand | 54/58 | €36,482 | €59,840 | +€23,358 | +64.0% |
| Deferred charges and accrued income | 490/1 | €12,257 | €6,820 | -€5,437 | -44.4% |
| Total equity and liabilities | 10/49 | €351,907 | €377,516 | +€25,608 | +7.3% |
| Equity | 10/15 | €121,008 | €130,171 | +€9,163 | +7.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €117,008 | €126,171 | +€9,163 | +7.8% |
| Distributable reserves | 133 | €117,008 | €126,171 | +€9,163 | +7.8% |
| Amounts payable | 17/49 | €230,900 | €247,345 | +€16,445 | +7.1% |
| Amounts payable after more than one year | 17 | €186,157 | €175,344 | -€10,814 | -5.8% |
| Financial debts | 170/4 | €186,157 | €175,344 | -€10,814 | -5.8% |
| Amounts payable within one year | 42/48 | €44,742 | €72,001 | +€27,259 | +60.9% |
| Current portion of amounts payable after more than one year | 42 | €10,442 | €10,814 | +€371 | +3.6% |
| Financial debts | 43 | €808 | €464 | -€343 | -42.5% |
| Credit institutions | 430/8 | €808 | €464 | -€343 | -42.5% |
| Trade debts | 44 | €6,533 | €38,537 | +€32,004 | +490% |
| Suppliers | 440/4 | €6,533 | €38,537 | +€32,004 | +490% |
| Taxes, remuneration and social security | 45 | €26,959 | €22,186 | -€4,773 | -17.7% |
| Taxes | 450/3 | €22,909 | €22,186 | -€723 | -3.2% |
| Remuneration and social security | 454/9 | €4,050 | €0 | -€4,050 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,580 | €13,736 | +€2,156 | +18.6% |
| Other operating charges | 640/8 | €1,393 | €610 | -€783 | -56.2% |
| Gross operating margin | 9900 | €47,799 | €44,991 | -€2,808 | -5.9% |
| Operating profit (loss) | 9901 | €34,825 | €30,645 | -€4,181 | -12.0% |
| Financial income | 75/76B | €939 | €1,275 | +€336 | +35.7% |
| Recurring financial income | 75 | €939 | €1,275 | +€336 | +35.7% |
| Financial charges | 65/66B | €6,525 | €9,663 | +€3,138 | +48.1% |
| Recurring financial charges | 65 | €6,525 | €9,663 | +€3,138 | +48.1% |
| Profit (loss) for the period before taxes | 9903 | €29,239 | €22,256 | -€6,983 | -23.9% |
| Income taxes | 67/77 | €14,104 | €13,093 | -€1,011 | -7.2% |
| Profit (loss) for the period | 9904 | €15,136 | €9,163 | -€5,972 | -39.5% |
| Profit (loss) for the period to be appropriated | 9905 | €15,136 | €9,163 | -€5,972 | -39.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.