PAMALEA: 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.
PAMALEA
Largest movements
- Cash -€2,699
down €2,699 (-38.4%), from €7,028 to €4,329
mainly Current portion of long-term debt (-€4,577) and Deferred charges and accrued income (-€2,119)
- Deferred charges and accrued income +€2,119
up €2,119 (+225.5%), from €940 to €3,059
- Tangible fixed assets -€1,961
down €1,961 (-48.6%), from €4,038 to €2,077
- Stocks and contracts +€186
up €186 (+6.6%), from €2,823 to €3,008
- Current portion of long-term debt -€4,577
no longer reported in 2025 (was €4,577)
- Tax, wage and social debts +€1,974
up €1,974 (+38.6%), from €5,109 to €7,083
of which Taxes: +€1,029
- Profit (loss) carried forward +€1,089
up €1,089 (+34.8%), from -€3,129 to -€2,040
- Other debts -€662
down €662 (-94.5%), from €701 to €39
- Trade debts -€234
down €234 (-13.9%), from €1,686 to €1,452
- Gross operating margin +€11,649
up €11,649 (+30.3%), from €38,492 to €50,141
- Staff costs +€10,352
up €10,352 (+32.6%), from €31,790 to €42,142
- Depreciation -€2,195
down €2,195 (-52.8%), from €4,156 to €1,961
- Financial charges +€522
up €522 (+32.0%), from €1,634 to €2,156
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 | €17,003 | €14,594 | -€2,409 | -14.2% |
| Fixed assets | 21/28 | €6,159 | €4,197 | -€1,961 | -31.8% |
| Tangible fixed assets | 22/27 | €4,038 | €2,077 | -€1,961 | -48.6% |
| Land and buildings | 22 | €2,232 | €1,311 | -€920 | -41.2% |
| Plant, machinery and equipment | 23 | €1,279 | €522 | -€756 | -59.1% |
| Furniture and vehicles | 24 | €527 | €243 | -€285 | -54.0% |
| Financial fixed assets | 28 | €2,121 | €2,121 | = | 0.0% |
| Current assets | 29/58 | €10,844 | €10,396 | -€448 | -4.1% |
| Stocks and contracts in progress | 3 | €2,823 | €3,008 | +€186 | +6.6% |
| Stocks | 30/36 | €2,823 | €3,008 | +€186 | +6.6% |
| Amounts receivable within one year | 40/41 | €54 | - | -€54 | |
| Other amounts receivable | 41 | €54 | - | -€54 | |
| Cash at bank and in hand | 54/58 | €7,028 | €4,329 | -€2,699 | -38.4% |
| Deferred charges and accrued income | 490/1 | €940 | €3,059 | +€2,119 | +225.5% |
| Total equity and liabilities | 10/49 | €17,003 | €14,594 | -€2,409 | -14.2% |
| Equity | 10/15 | €4,931 | €6,020 | +€1,089 | +22.1% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,129 | -€2,040 | +€1,089 | +34.8% |
| Amounts payable | 17/49 | €12,072 | €8,573 | -€3,499 | -29.0% |
| Amounts payable within one year | 42/48 | €12,072 | €8,573 | -€3,499 | -29.0% |
| Current portion of amounts payable after more than one year | 42 | €4,577 | - | -€4,577 | |
| Trade debts | 44 | €1,686 | €1,452 | -€234 | -13.9% |
| Suppliers | 440/4 | €1,686 | €1,452 | -€234 | -13.9% |
| Taxes, remuneration and social security | 45 | €5,109 | €7,083 | +€1,974 | +38.6% |
| Taxes | 450/3 | €3,563 | €4,592 | +€1,029 | +28.9% |
| Remuneration and social security | 454/9 | €1,546 | €2,491 | +€945 | +61.1% |
| Other amounts payable | 47/48 | €701 | €39 | -€662 | -94.5% |
| Remuneration, social security and pensions | 62 | €31,790 | €42,142 | +€10,352 | +32.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,156 | €1,961 | -€2,195 | -52.8% |
| Other operating charges | 640/8 | €2,238 | €2,272 | +€34 | +1.5% |
| Gross operating margin | 9900 | €38,492 | €50,141 | +€11,649 | +30.3% |
| Operating profit (loss) | 9901 | €308 | €3,766 | +€3,459 | +1123.9% |
| Financial income | 75/76B | €112 | €5 | -€107 | -95.5% |
| Recurring financial income | 75 | €112 | €5 | -€107 | -95.5% |
| Financial charges | 65/66B | €1,634 | €2,156 | +€522 | +32.0% |
| Recurring financial charges | 65 | €1,634 | €2,156 | +€522 | +32.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,214 | €1,616 | +€2,829 | |
| Income taxes | 67/77 | €515 | €526 | +€11 | +2.1% |
| Profit (loss) for the period | 9904 | -€1,729 | €1,089 | +€2,818 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,729 | €1,089 | +€2,818 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.