Pamaco: 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.
Pamaco
Largest movements
- Cash +€27,640
up €27,640 (+51.9%), from €53,214 to €80,854
mainly Net result for the year (+€26,055) and Receivables within one year (+€17,731)
- Receivables within one year -€17,731
down €17,731 (-94.2%), from €18,831 to €1,100
of which Trade receivables: -€17,563
- Tangible fixed assets +€11,378
up €11,378 (+344%), from €3,307 to €14,685
of which Furniture and vehicles: +€11,659
- Deferred charges and accrued income -€8,016
down €8,016 (-92.8%), from €8,636 to €620
- Reserves +€25,000
up €25,000 (+55.2%), from €45,260 to €70,260
- Other debts -€14,546
down €14,546 (-77.1%), from €18,867 to €4,321
- Tax, wage and social debts +€2,313
up €2,313 (+35.4%), from €6,538 to €8,851
- Profit (loss) carried forward +€1,055
up €1,055 (+431%), from €245 to €1,300
- Gross operating margin +€16,528
up €16,528 (+47.1%), from €35,128 to €51,656
- Taxes +€6,321
up €6,321 (+68.0%), from €9,302 to €15,623
- Depreciation +€5,385
up €5,385 (+901%), from €598 to €5,983
- Financial charges -€1,343
down €1,343 (-28.3%), from €4,748 to €3,406
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 | €83,988 | €97,259 | +€13,270 | +15.8% |
| Fixed assets | 21/28 | €3,307 | €14,685 | +€11,378 | +344% |
| Tangible fixed assets | 22/27 | €3,307 | €14,685 | +€11,378 | +344% |
| Plant, machinery and equipment | 23 | €290 | €9 | -€281 | -96.8% |
| Furniture and vehicles | 24 | €3,017 | €14,676 | +€11,659 | +386% |
| Current assets | 29/58 | €80,681 | €82,574 | +€1,893 | +2.3% |
| Amounts receivable within one year | 40/41 | €18,831 | €1,100 | -€17,731 | -94.2% |
| Trade receivables | 40 | €18,663 | €1,100 | -€17,563 | -94.1% |
| Other amounts receivable | 41 | €168 | €0 | -€168 | -100% |
| Cash at bank and in hand | 54/58 | €53,214 | €80,854 | +€27,640 | +51.9% |
| Deferred charges and accrued income | 490/1 | €8,636 | €620 | -€8,016 | -92.8% |
| Total equity and liabilities | 10/49 | €83,988 | €97,259 | +€13,270 | +15.8% |
| Equity | 10/15 | €57,905 | €83,960 | +€26,055 | +45.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €45,260 | €70,260 | +€25,000 | +55.2% |
| Distributable reserves | 133 | €45,260 | €70,260 | +€25,000 | +55.2% |
| Profit (loss) carried forward | 14 | €245 | €1,300 | +€1,055 | +431% |
| Amounts payable | 17/49 | €26,083 | €13,299 | -€12,784 | -49.0% |
| Amounts payable within one year | 42/48 | €26,083 | €13,299 | -€12,784 | -49.0% |
| Trade debts | 44 | €679 | €127 | -€551 | -81.2% |
| Suppliers | 440/4 | €679 | €127 | -€551 | -81.2% |
| Taxes, remuneration and social security | 45 | €6,538 | €8,851 | +€2,313 | +35.4% |
| Taxes | 450/3 | €6,538 | €8,851 | +€2,313 | +35.4% |
| Other amounts payable | 47/48 | €18,867 | €4,321 | -€14,546 | -77.1% |
| Non-recurring operating income | 76A | €1,681 | €0 | -€1,681 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €598 | €5,983 | +€5,385 | +901% |
| Other operating charges | 640/8 | €824 | €590 | -€234 | -28.4% |
| Gross operating margin | 9900 | €35,128 | €51,656 | +€16,528 | +47.1% |
| Operating profit (loss) | 9901 | €33,707 | €45,083 | +€11,376 | +33.8% |
| Financial income | 75/76B | €3 | €0 | -€3 | -100% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -100% |
| Financial charges | 65/66B | €4,748 | €3,406 | -€1,343 | -28.3% |
| Recurring financial charges | 65 | €4,748 | €3,406 | -€1,343 | -28.3% |
| Profit (loss) for the period before taxes | 9903 | €28,961 | €41,677 | +€12,716 | +43.9% |
| Income taxes | 67/77 | €9,302 | €15,623 | +€6,321 | +68.0% |
| Profit (loss) for the period | 9904 | €19,659 | €26,055 | +€6,396 | +32.5% |
| Profit (loss) for the period to be appropriated | 9905 | €19,659 | €26,055 | +€6,396 | +32.5% |
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 19 October 2026 via checked.be.