PAMASAD: 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.
PAMASAD
Largest movements
- Receivables within one year +€8,060
up €8,060 (+438.1%), from €1,840 to €9,900
- Cash -€778
down €778 (-14.8%), from €5,241 to €4,463
mainly Receivables within one year (-€8,060) and Tax, wage and social debts (-€5,120)
- Trade debts +€8,132
up €8,132 (+322.3%), from €2,523 to €10,655
- Tax, wage and social debts -€5,120
down €5,120 (-81.2%), from €6,308 to €1,188
- Profit (loss) carried forward +€4,959
up €4,959 (+5.6%), from -€89,243 to -€84,284
- Other debts -€661
down €661 (-0.7%), from €89,680 to €89,018
- Gross operating margin +€12,262
up €12,262, from -€4,050 to €8,213
- Financial charges +€1,340
up €1,340 (+136.8%), from €979 to €2,319
- Other operating charges +€318
up €318 (+78.5%), from €405 to €723
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 | €12,268 | €19,577 | +€7,309 | +59.6% |
| Fixed assets | 21/28 | €4,840 | €4,840 | = | 0.0% |
| Tangible fixed assets | 22/27 | €4,840 | €4,840 | = | 0.0% |
| Other tangible fixed assets | 26 | €4,840 | €4,840 | = | 0.0% |
| Current assets | 29/58 | €7,428 | €14,737 | +€7,309 | +98.4% |
| Amounts receivable within one year | 40/41 | €1,840 | €9,900 | +€8,060 | +438.1% |
| Trade receivables | 40 | €1,840 | €9,900 | +€8,060 | +438.1% |
| Cash at bank and in hand | 54/58 | €5,241 | €4,463 | -€778 | -14.8% |
| Deferred charges and accrued income | 490/1 | €347 | €374 | +€28 | +7.9% |
| Total equity and liabilities | 10/49 | €12,268 | €19,577 | +€7,309 | +59.6% |
| Equity | 10/15 | -€86,243 | -€81,284 | +€4,959 | +5.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€89,243 | -€84,284 | +€4,959 | +5.6% |
| Amounts payable | 17/49 | €98,511 | €100,862 | +€2,350 | +2.4% |
| Amounts payable within one year | 42/48 | €98,511 | €100,862 | +€2,350 | +2.4% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €2,523 | €10,655 | +€8,132 | +322.3% |
| Suppliers | 440/4 | €2,523 | €10,655 | +€8,132 | +322.3% |
| Taxes, remuneration and social security | 45 | €6,308 | €1,188 | -€5,120 | -81.2% |
| Taxes | 450/3 | €6,308 | €1,188 | -€5,120 | -81.2% |
| Other amounts payable | 47/48 | €89,680 | €89,018 | -€661 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €405 | €723 | +€318 | +78.5% |
| Gross operating margin | 9900 | -€4,050 | €8,213 | +€12,262 | |
| Operating profit (loss) | 9901 | -€4,455 | €7,489 | +€11,944 | |
| Financial income | 75/76B | €15 | €22 | +€7 | +44.2% |
| Recurring financial income | 75 | €15 | €22 | +€7 | +44.2% |
| Financial charges | 65/66B | €979 | €2,319 | +€1,340 | +136.8% |
| Recurring financial charges | 65 | €979 | €2,319 | +€1,340 | +136.8% |
| Profit (loss) for the period before taxes | 9903 | -€5,419 | €5,192 | +€10,611 | |
| Income taxes | 67/77 | €255 | €233 | -€22 | -8.7% |
| Profit (loss) for the period | 9904 | -€5,674 | €4,959 | +€10,633 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,674 | €4,959 | +€10,633 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.