PAMA DECOR: 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.
What changed
PAMA DECOR
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€7,066
2024 · €17,241-€10,175
Equity
€54,070
2024 · €47,005+€7,066
Cash
€6,931
2024 · €4,869+€2,062
Balance sheet total
€506,897
2024 · €539,326-€32,429
Largest movements
Assets
- Tangible fixed assets -€35,763
down €35,763 (-6.8%), from €527,327 to €491,564
of which Land and buildings: -€20,642
Equity and liabilities
- Other debts -€37,426
down €37,426 (-8.0%), from €469,941 to €432,515
- Reserves +€7,066
up €7,066 (+20.8%), from €34,005 to €41,070
Income statement
- Depreciation +€10,014
up €10,014 (+33.5%), from €29,848 to €39,862
- Taxes +€1,889
up €1,889 (+78.9%), from €2,394 to €4,283
- Other operating charges -€1,626
down €1,626 (-31.6%), from €5,152 to €3,526
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.
Result 2024
€17,241
Gross operating margin
-€409
Depreciation
-€10,014
Other operating charges
+€1,626
Other operating items
-€7
Financial income
-€0
Financial charges
+€517
Taxes
-€1,889
Result 2025
€7,066
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€11,022
Investment
-€4,099
Financing
-€4,861
Cash 2024
€4,869
From operations (derived)
+€11,022
Net result for the year
+€7,066
Depreciation
+€39,862
Stocks and contracts
+€119
Receivables within one year
-€2,237
Deferred charges and accrued income
+€846
Trade debts
-€1,791
Tax, wage and social debts
+€3,587
Other debts
-€37,426
Accrued charges and deferred income
+€995
Investment (derived)
-€4,099
Investment in fixed assets (net)
-€4,099
Financing
-€4,861
Debts after one year
-€5,042
Current portion of long-term debt
+€181
Cash 2025
€6,931
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €539,326 | €506,897 | -€32,429 | -6.0% |
| Fixed assets | 21/28 | €527,327 | €491,564 | -€35,763 | -6.8% |
| Tangible fixed assets | 22/27 | €527,327 | €491,564 | -€35,763 | -6.8% |
| Land and buildings | 22 | €463,592 | €442,950 | -€20,642 | -4.5% |
| Plant, machinery and equipment | 23 | €3,715 | €2,858 | -€857 | -23.1% |
| Furniture and vehicles | 24 | €60,020 | €45,756 | -€14,264 | -23.8% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €11,999 | €15,333 | +€3,334 | +27.8% |
| Stocks and contracts in progress | 3 | €235 | €116 | -€119 | -50.8% |
| Stocks | 30/36 | €235 | €116 | -€119 | -50.8% |
| Amounts receivable within one year | 40/41 | €4,931 | €7,168 | +€2,237 | +45.4% |
| Trade receivables | 40 | €4,325 | €6,562 | +€2,237 | +51.7% |
| Other amounts receivable | 41 | €606 | €606 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,869 | €6,931 | +€2,062 | +42.4% |
| Deferred charges and accrued income | 490/1 | €1,965 | €1,118 | -€846 | -43.1% |
| Total equity and liabilities | 10/49 | €539,326 | €506,897 | -€32,429 | -6.0% |
| Equity | 10/15 | €47,005 | €54,070 | +€7,066 | +15.0% |
| Contributions | 10/11 | €13,000 | €13,000 | = | 0.0% |
| Reserves | 13 | €34,005 | €41,070 | +€7,066 | +20.8% |
| Distributable reserves | 133 | €34,005 | €41,070 | +€7,066 | +20.8% |
| Amounts payable | 17/49 | €492,322 | €452,827 | -€39,495 | -8.0% |
| Amounts payable after more than one year | 17 | €11,609 | €6,567 | -€5,042 | -43.4% |
| Financial debts | 170/4 | €11,609 | €6,567 | -€5,042 | -43.4% |
| Amounts payable within one year | 42/48 | €480,689 | €445,240 | -€35,449 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €4,861 | €5,042 | +€181 | +3.7% |
| Trade debts | 44 | €2,411 | €620 | -€1,791 | -74.3% |
| Suppliers | 440/4 | €2,411 | €620 | -€1,791 | -74.3% |
| Taxes, remuneration and social security | 45 | €3,476 | €7,063 | +€3,587 | +103% |
| Taxes | 450/3 | €3,476 | €7,063 | +€3,587 | +103% |
| Other amounts payable | 47/48 | €469,941 | €432,515 | -€37,426 | -8.0% |
| Accrued charges and deferred income | 492/3 | €25 | €1,020 | +€995 | +4,048% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,848 | €39,862 | +€10,014 | +33.5% |
| Other operating charges | 640/8 | €5,152 | €3,526 | -€1,626 | -31.6% |
| Non-recurring operating charges | 66A | €0 | €7 | +€7 | |
| Gross operating margin | 9900 | €56,681 | €56,272 | -€409 | -0.7% |
| Operating profit (loss) | 9901 | €21,681 | €12,877 | -€8,804 | -40.6% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €2,046 | €1,529 | -€517 | -25.3% |
| Recurring financial charges | 65 | €2,046 | €1,529 | -€517 | -25.3% |
| Profit (loss) for the period before taxes | 9903 | €19,635 | €11,348 | -€8,286 | -42.2% |
| Income taxes | 67/77 | €2,394 | €4,283 | +€1,889 | +78.9% |
| Profit (loss) for the period | 9904 | €17,241 | €7,066 | -€10,175 | -59.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,241 | €7,066 | -€10,175 | -59.0% |
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 1 November 2026 via checked.be.