PAMAC: what changed
Two fiscal 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.
PAMAC
Largest movements
- Cash -€14,308
down €14,308 (-51.1%), from €27,991 to €13,684
mainly Trade debts (-€9,988) and Receivables within one year (-€8,659)
- Receivables within one year +€8,659
up €8,659 (+21.4%), from €40,532 to €49,192
of which Other amounts receivable: +€7,215
- Trade debts -€9,988
down €9,988 (-94.0%), from €10,625 to €637
- Profit (loss) carried forward +€4,141
up €4,141 (+13.1%), from €31,515 to €35,655
- Provisions +€820
up €820 (+4.4%), from €18,540 to €19,360
- Turnover -€43,523
down €43,523 (-22.5%), from €193,855 to €150,332
- Purchases and services -€36,839
down €36,839 (-20.5%), from €179,755 to €142,916
- Gross operating margin -€6,598
down €6,598 (-43.1%), from €15,298 to €8,701
- Depreciation -€4,370
down €4,370 (-85.1%), from €5,132 to €762
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.
Cash bridge derived
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 | €70,856 | €65,602 | -€5,255 | -7.4% |
| Fixed assets | 21/28 | €1,448 | €1,973 | +€525 | +36.3% |
| Tangible fixed assets | 22/27 | €1,448 | €1,973 | +€525 | +36.3% |
| Furniture and vehicles | 24 | €1,448 | €1,973 | +€525 | +36.3% |
| Current assets | 29/58 | €69,408 | €63,628 | -€5,780 | -8.3% |
| Amounts receivable within one year | 40/41 | €40,532 | €49,192 | +€8,659 | +21.4% |
| Trade receivables | 40 | €17,681 | €19,126 | +€1,444 | +8.2% |
| Other amounts receivable | 41 | €22,851 | €30,066 | +€7,215 | +31.6% |
| Cash at bank and in hand | 54/58 | €27,991 | €13,684 | -€14,308 | -51.1% |
| Deferred charges and accrued income | 490/1 | €884 | €753 | -€131 | -14.8% |
| Total equity and liabilities | 10/49 | €70,856 | €65,602 | -€5,255 | -7.4% |
| Equity | 10/15 | €39,575 | €43,715 | +€4,141 | +10.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 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 | €31,515 | €35,655 | +€4,141 | +13.1% |
| Provisions and deferred taxes | 16 | €18,540 | €19,360 | +€820 | +4.4% |
| Provisions for liabilities and charges | 160/5 | €18,540 | €19,360 | +€820 | +4.4% |
| Environmental obligations | 163 | €18,540 | €19,360 | +€820 | +4.4% |
| Amounts payable | 17/49 | €12,741 | €2,527 | -€10,215 | -80.2% |
| Amounts payable within one year | 42/48 | €12,741 | €2,527 | -€10,215 | -80.2% |
| Trade debts | 44 | €10,625 | €637 | -€9,988 | -94.0% |
| Suppliers | 440/4 | €10,625 | €637 | -€9,988 | -94.0% |
| Taxes, remuneration and social security | 45 | €2,116 | €1,890 | -€227 | -10.7% |
| Taxes | 450/3 | €2,116 | €1,890 | -€227 | -10.7% |
| Turnover | 70 | €193,855 | €150,332 | -€43,523 | -22.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €179,755 | €142,916 | -€36,839 | -20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,132 | €762 | -€4,370 | -85.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €1,038 | €820 | -€218 | -21.0% |
| Other operating charges | 640/8 | €1,548 | €911 | -€636 | -41.1% |
| Gross operating margin | 9900 | €15,298 | €8,701 | -€6,598 | -43.1% |
| Operating profit (loss) | 9901 | €7,581 | €6,208 | -€1,373 | -18.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €447 | €177 | -€269 | -60.3% |
| Recurring financial charges | 65 | €447 | €177 | -€269 | -60.3% |
| Profit (loss) for the period before taxes | 9903 | €7,134 | €6,030 | -€1,104 | -15.5% |
| Income taxes | 67/77 | €2,116 | €1,890 | -€227 | -10.7% |
| Profit (loss) for the period | 9904 | €5,018 | €4,141 | -€877 | -17.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,018 | €4,141 | -€877 | -17.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.