PAMATINEAU: 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.
PAMATINEAU
Largest movements
- Receivables within one year +€68,742
up €68,742 (+72.9%), from €94,302 to €163,045
of which Other amounts receivable: +€43,832
- Cash +€29,747
up €29,747 (+67.9%), from €43,801 to €73,548
mainly Net result for the year (+€58,392) and Trade debts (+€27,520)
- Tangible fixed assets -€22,952
down €22,952 (-7.3%), from €314,783 to €291,831
of which Land and buildings: -€20,899
- Reserves +€58,392
up €58,392 (+12.0%), from €485,797 to €544,189
- Trade debts +€27,520
up €27,520 (+283%), from €9,712 to €37,233
- Short-term financial debts -€12,000
down €12,000 (-100%), from €12,000 to €0
- Financial income +€20,640
up €20,640 (+549%), from €3,758 to €24,398
- Gross operating margin -€14,159
down €14,159 (-14.5%), from €97,581 to €83,422
- Taxes -€1,926
down €1,926 (-7.8%), from €24,612 to €22,687
- Depreciation -€1,116
down €1,116 (-4.6%), from €24,068 to €22,952
- Financial charges -€1,109
down €1,109 (-37.4%), from €2,969 to €1,860
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 | €553,921 | €628,221 | +€74,300 | +13.4% |
| Fixed assets | 21/28 | €321,476 | €298,524 | -€22,952 | -7.1% |
| Tangible fixed assets | 22/27 | €314,783 | €291,831 | -€22,952 | -7.3% |
| Land and buildings | 22 | €310,256 | €289,356 | -€20,899 | -6.7% |
| Plant, machinery and equipment | 23 | €1,640 | €727 | -€913 | -55.7% |
| Furniture and vehicles | 24 | €2,887 | €1,747 | -€1,140 | -39.5% |
| Financial fixed assets | 28 | €6,693 | €6,693 | = | 0.0% |
| Current assets | 29/58 | €232,445 | €329,697 | +€97,252 | +41.8% |
| Amounts receivable after more than one year | 29 | €84,416 | €86,624 | +€2,208 | +2.6% |
| Other amounts receivable | 291 | €84,416 | €86,624 | +€2,208 | +2.6% |
| Amounts receivable within one year | 40/41 | €94,302 | €163,045 | +€68,742 | +72.9% |
| Trade receivables | 40 | €31,519 | €56,430 | +€24,911 | +79.0% |
| Other amounts receivable | 41 | €62,783 | €106,615 | +€43,832 | +69.8% |
| Cash at bank and in hand | 54/58 | €43,801 | €73,548 | +€29,747 | +67.9% |
| Deferred charges and accrued income | 490/1 | €9,926 | €6,480 | -€3,446 | -34.7% |
| Total equity and liabilities | 10/49 | €553,921 | €628,221 | +€74,300 | +13.4% |
| Equity | 10/15 | €513,797 | €572,189 | +€58,392 | +11.4% |
| Contributions | 10/11 | €28,000 | €28,000 | = | 0.0% |
| Reserves | 13 | €485,797 | €544,189 | +€58,392 | +12.0% |
| Distributable reserves | 133 | €485,797 | €544,189 | +€58,392 | +12.0% |
| Amounts payable | 17/49 | €40,123 | €56,031 | +€15,908 | +39.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €40,123 | €56,031 | +€15,908 | +39.6% |
| Current portion of amounts payable after more than one year | 42 | €708 | €0 | -€708 | -100% |
| Financial debts | 43 | €12,000 | €0 | -€12,000 | -100% |
| Credit institutions | 430/8 | €12,000 | €0 | -€12,000 | -100% |
| Trade debts | 44 | €9,712 | €37,233 | +€27,520 | +283% |
| Suppliers | 440/4 | €9,712 | €37,233 | +€27,520 | +283% |
| Taxes, remuneration and social security | 45 | €17,703 | €17,106 | -€597 | -3.4% |
| Taxes | 450/3 | €15,142 | €14,531 | -€611 | -4.0% |
| Remuneration and social security | 454/9 | €2,560 | €2,575 | +€14 | +0.6% |
| Other amounts payable | 47/48 | €0 | €1,693 | +€1,693 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,068 | €22,952 | -€1,116 | -4.6% |
| Other operating charges | 640/8 | €2,280 | €1,929 | -€351 | -15.4% |
| Gross operating margin | 9900 | €97,581 | €83,422 | -€14,159 | -14.5% |
| Operating profit (loss) | 9901 | €71,232 | €58,541 | -€12,691 | -17.8% |
| Financial income | 75/76B | €3,758 | €24,398 | +€20,640 | +549% |
| Recurring financial income | 75 | €3,758 | €24,398 | +€20,640 | +549% |
| Financial charges | 65/66B | €2,969 | €1,860 | -€1,109 | -37.4% |
| Recurring financial charges | 65 | €2,969 | €1,860 | -€1,109 | -37.4% |
| Profit (loss) for the period before taxes | 9903 | €72,021 | €81,078 | +€9,058 | +12.6% |
| Income taxes | 67/77 | €24,612 | €22,687 | -€1,926 | -7.8% |
| Profit (loss) for the period | 9904 | €47,408 | €58,392 | +€10,983 | +23.2% |
| Profit (loss) for the period to be appropriated | 9905 | €47,408 | €58,392 | +€10,983 | +23.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.