PAMARCHE: 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.
PAMARCHE
Largest movements
- Current investments +€160,528
up €160,528 (+32.8%), from €489,472 to €650,000
- Tangible fixed assets -€58,673
down €58,673 (-100%), from €58,673 to €0
of which Furniture and vehicles: -€49,632
- Receivables within one year -€19,611
down €19,611 (-87.5%), from €22,421 to €2,810
of which Other amounts receivable: -€11,301
- Cash -€13,039
down €13,039 (-17.2%), from €75,706 to €62,667
mainly Current investments (-€160,528) and Trade debts (-€1,365)
- Reserves +€65,987
up €65,987 (+10.2%), from €643,968 to €709,955
- Financial income +€46,242
up €46,242 (+269%), from €17,213 to €63,455
- Depreciation -€23,510
down €23,510 (-100%), from €23,510 to €0
- Taxes +€7,945
up €7,945 (+184%), from €4,316 to €12,260
- Gross operating margin +€6,753
up €6,753 (+46.1%), from €14,645 to €21,398
- Financial charges +€3,352
up €3,352 (+40.9%), from -€8,195 to -€4,844
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 | €648,931 | €716,018 | +€67,087 | +10.3% |
| Fixed assets | 21/28 | €58,673 | €0 | -€58,673 | -100% |
| Tangible fixed assets | 22/27 | €58,673 | €0 | -€58,673 | -100% |
| Plant, machinery and equipment | 23 | €1,103 | €0 | -€1,103 | -100% |
| Furniture and vehicles | 24 | €49,632 | €0 | -€49,632 | -100% |
| Other tangible fixed assets | 26 | €7,938 | €0 | -€7,938 | -100% |
| Current assets | 29/58 | €590,258 | €716,018 | +€125,761 | +21.3% |
| Amounts receivable within one year | 40/41 | €22,421 | €2,810 | -€19,611 | -87.5% |
| Trade receivables | 40 | €8,310 | €0 | -€8,310 | -100% |
| Other amounts receivable | 41 | €14,111 | €2,810 | -€11,301 | -80.1% |
| Current investments | 50/53 | €489,472 | €650,000 | +€160,528 | +32.8% |
| Cash at bank and in hand | 54/58 | €75,706 | €62,667 | -€13,039 | -17.2% |
| Deferred charges and accrued income | 490/1 | €2,658 | €541 | -€2,118 | -79.7% |
| Total equity and liabilities | 10/49 | €648,931 | €716,018 | +€67,087 | +10.3% |
| Equity | 10/15 | €644,742 | €710,729 | +€65,987 | +10.2% |
| Reserves | 13 | €643,968 | €709,955 | +€65,987 | +10.2% |
| Distributable reserves | 133 | €643,968 | €709,955 | +€65,987 | +10.2% |
| Profit (loss) carried forward | 14 | €775 | €775 | = | 0.0% |
| Amounts payable | 17/49 | €4,189 | €5,289 | +€1,100 | +26.3% |
| Amounts payable within one year | 42/48 | €4,189 | €5,289 | +€1,100 | +26.3% |
| Trade debts | 44 | €1,427 | €61 | -€1,365 | -95.7% |
| Suppliers | 440/4 | €1,427 | €61 | -€1,365 | -95.7% |
| Taxes, remuneration and social security | 45 | €2,762 | €3,395 | +€633 | +22.9% |
| Taxes | 450/3 | €2,762 | €3,395 | +€633 | +22.9% |
| Other amounts payable | 47/48 | €0 | €1,833 | +€1,833 | |
| Accrued charges and deferred income | 492/3 | - | €0 | +€0 | |
| Non-recurring operating income | 76A | - | €9,955 | +€9,955 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,510 | €0 | -€23,510 | -100% |
| Other operating charges | 640/8 | €1,401 | €2,658 | +€1,256 | +89.6% |
| Non-recurring operating charges | 66A | - | €8,792 | +€8,792 | |
| Gross operating margin | 9900 | €14,645 | €21,398 | +€6,753 | +46.1% |
| Operating profit (loss) | 9901 | -€10,266 | €9,948 | +€20,215 | |
| Financial income | 75/76B | €17,213 | €63,455 | +€46,242 | +269% |
| Recurring financial income | 75 | €17,213 | €63,455 | +€46,242 | +269% |
| Financial charges | 65/66B | -€8,195 | -€4,844 | +€3,352 | +40.9% |
| Recurring financial charges | 65 | -€8,195 | -€4,844 | +€3,352 | +40.9% |
| Profit (loss) for the period before taxes | 9903 | €15,142 | €78,247 | +€63,105 | +417% |
| Income taxes | 67/77 | €4,316 | €12,260 | +€7,945 | +184% |
| Profit (loss) for the period | 9904 | €10,826 | €65,987 | +€55,161 | +510% |
| Profit (loss) for the period to be appropriated | 9905 | €10,826 | €65,987 | +€55,161 | +510% |
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 13 October 2026 via checked.be.