PAMAKDI: 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.
PAMAKDI
Largest movements
- Tangible fixed assets -€35,560
down €35,560 (-8.1%), from €440,049 to €404,489
- Receivables within one year +€21,308
up €21,308 (+67.6%), from €31,531 to €52,840
- Debts after one year -€41,446
down €41,446 (-19.6%), from €211,706 to €170,260
- Other debts +€35,854
up €35,854 (+36.0%), from €99,668 to €135,521
- Profit (loss) carried forward +€22,643
up €22,643 (+3,287%), from €689 to €23,332
- Short-term financial debts -€18,654
down €18,654 (-99.3%), from €18,788 to €134
- Provisions -€8,216
down €8,216 (-2.1%), from €390,622 to €382,407
- Gross operating margin +€25,249
up €25,249 (+22.2%), from €113,782 to €139,031
- Other operating charges +€6,103
up €6,103 (+260%), from €2,344 to €8,446
- Taxes +€4,644
up €4,644 (+77.0%), from €6,034 to €10,678
- Staff costs +€2,683
up €2,683 (+15.5%), from €17,283 to €19,966
- Depreciation -€2,480
down €2,480 (-5.5%), from €44,856 to €42,376
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 | €793,976 | €780,246 | -€13,730 | -1.7% |
| Fixed assets | 21/28 | €762,179 | €726,619 | -€35,560 | -4.7% |
| Tangible fixed assets | 22/27 | €440,049 | €404,489 | -€35,560 | -8.1% |
| Land and buildings | 22 | €191,643 | €182,176 | -€9,467 | -4.9% |
| Plant, machinery and equipment | 23 | €21,782 | €22,010 | +€228 | +1.0% |
| Furniture and vehicles | 24 | €23,871 | €11,278 | -€12,593 | -52.8% |
| Leasing and similar rights | 25 | €202,753 | €185,868 | -€16,885 | -8.3% |
| Other tangible fixed assets | 26 | - | €3,156 | +€3,156 | |
| Financial fixed assets | 28 | €322,130 | €322,130 | = | 0.0% |
| Current assets | 29/58 | €31,797 | €53,627 | +€21,830 | +68.7% |
| Amounts receivable within one year | 40/41 | €31,531 | €52,840 | +€21,308 | +67.6% |
| Other amounts receivable | 41 | €31,531 | €52,840 | +€21,308 | +67.6% |
| Current investments | 50/53 | - | €116 | +€116 | |
| Cash at bank and in hand | 54/58 | €266 | €672 | +€406 | +153% |
| Total equity and liabilities | 10/49 | €793,976 | €780,246 | -€13,730 | -1.7% |
| Equity | 10/15 | €8,689 | €31,332 | +€22,643 | +261% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €689 | €23,332 | +€22,643 | +3,287% |
| Provisions and deferred taxes | 16 | €390,622 | €382,407 | -€8,216 | -2.1% |
| Provisions for liabilities and charges | 160/5 | €390,622 | €382,407 | -€8,216 | -2.1% |
| Other liabilities and charges | 164/5 | €390,622 | €382,407 | -€8,216 | -2.1% |
| Amounts payable | 17/49 | €394,665 | €366,507 | -€28,157 | -7.1% |
| Amounts payable after more than one year | 17 | €211,706 | €170,260 | -€41,446 | -19.6% |
| Financial debts | 170/4 | €211,706 | €170,260 | -€41,446 | -19.6% |
| Amounts payable within one year | 42/48 | €182,959 | €196,248 | +€13,289 | +7.3% |
| Current portion of amounts payable after more than one year | 42 | €42,355 | €41,446 | -€909 | -2.1% |
| Financial debts | 43 | €18,788 | €134 | -€18,654 | -99.3% |
| Credit institutions | 430/8 | €18,788 | €134 | -€18,654 | -99.3% |
| Trade debts | 44 | €6,744 | €5,095 | -€1,648 | -24.4% |
| Suppliers | 440/4 | €6,744 | €5,095 | -€1,648 | -24.4% |
| Taxes, remuneration and social security | 45 | €15,406 | €14,051 | -€1,354 | -8.8% |
| Taxes | 450/3 | €11,427 | €9,067 | -€2,360 | -20.7% |
| Remuneration and social security | 454/9 | €3,979 | €4,984 | +€1,005 | +25.3% |
| Other amounts payable | 47/48 | €99,668 | €135,521 | +€35,854 | +36.0% |
| Remuneration, social security and pensions | 62 | €17,283 | €19,966 | +€2,683 | +15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,856 | €42,376 | -€2,480 | -5.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€7,842 | -€8,216 | -€373 | -4.8% |
| Other operating charges | 640/8 | €2,344 | €8,446 | +€6,103 | +260% |
| Gross operating margin | 9900 | €113,782 | €139,031 | +€25,249 | +22.2% |
| Operating profit (loss) | 9901 | €57,141 | €76,458 | +€19,316 | +33.8% |
| Financial income | 75/76B | €379 | - | -€379 | |
| Recurring financial income | 75 | €379 | - | -€379 | |
| Financial charges | 65/66B | €43,209 | €43,137 | -€72 | -0.2% |
| Recurring financial charges | 65 | €43,209 | €43,137 | -€72 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €14,312 | €33,321 | +€19,009 | +133% |
| Income taxes | 67/77 | €6,034 | €10,678 | +€4,644 | +77.0% |
| Profit (loss) for the period | 9904 | €8,278 | €22,643 | +€14,366 | +174% |
| Profit (loss) for the period to be appropriated | 9905 | €8,278 | €22,643 | +€14,366 | +174% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.