PAMAZODO: 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.
PAMAZODO
Largest movements
- Receivables within one year +€163,143
new in 2025: €163,143
- Tangible fixed assets -€102,397
down €102,397 (-9.8%), from €1.0m to €939,780
of which Land and buildings: -€147,997
- Reserves +€80,708
up €80,708 (+109.0%), from €74,075 to €154,783
of which Tax-exempt reserves: +€80,708
- Debts after one year -€37,893
no longer reported in 2025 (was €37,893)
- Trade debts +€21,615
up €21,615 (+526.2%), from €4,108 to €25,723
- Financial income +€80,731
up €80,731 (+188667.5%), from €43 to €80,774
of which Non-recurring financial income: +€80,665
- Gross operating margin -€13,427
down €13,427 (-19.2%), from €70,062 to €56,634
- Depreciation -€2,758
down €2,758 (-5.5%), from €50,459 to €47,701
- Other operating charges +€1,862
up €1,862 (+50.7%), from €3,671 to €5,533
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 | €1,063,135 | €1,120,564 | +€57,429 | +5.4% |
| Fixed assets | 21/28 | €1,042,177 | €939,780 | -€102,397 | -9.8% |
| Tangible fixed assets | 22/27 | €1,042,177 | €939,780 | -€102,397 | -9.8% |
| Land and buildings | 22 | €1,035,163 | €887,165 | -€147,997 | -14.3% |
| Plant, machinery and equipment | 23 | €3,448 | €5,226 | +€1,777 | +51.5% |
| Furniture and vehicles | 24 | €3,566 | €47,389 | +€43,823 | +1228.8% |
| Current assets | 29/58 | €20,958 | €180,784 | +€159,826 | +762.6% |
| Amounts receivable within one year | 40/41 | - | €163,143 | +€163,143 | |
| Trade receivables | 40 | - | €163,143 | +€163,143 | |
| Cash at bank and in hand | 54/58 | €20,958 | €17,640 | -€3,317 | -15.8% |
| Total equity and liabilities | 10/49 | €1,063,135 | €1,120,564 | +€57,429 | +5.4% |
| Equity | 10/15 | €734,901 | €810,623 | +€75,722 | +10.3% |
| Contributions | 10/11 | €680,745 | €680,745 | = | 0.0% |
| Capital | 10 | €680,745 | €680,745 | = | 0.0% |
| Issued capital | 100 | €680,745 | €680,745 | = | 0.0% |
| Reserves | 13 | €74,075 | €154,783 | +€80,708 | +109.0% |
| Non-distributable reserves | 130/1 | €68,075 | €68,075 | = | 0.0% |
| Legal reserve | 130 | €68,075 | €68,075 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,150 | €81,858 | +€80,708 | +7017.2% |
| Distributable reserves | 133 | €4,850 | €4,850 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,920 | -€24,905 | -€4,986 | -25.0% |
| Amounts payable | 17/49 | €328,235 | €309,941 | -€18,294 | -5.6% |
| Amounts payable after more than one year | 17 | €37,893 | - | -€37,893 | |
| Financial debts | 170/4 | €37,893 | - | -€37,893 | |
| Amounts payable within one year | 42/48 | €290,341 | €309,941 | +€19,600 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | €6,456 | - | -€6,456 | |
| Trade debts | 44 | €4,108 | €25,723 | +€21,615 | +526.2% |
| Suppliers | 440/4 | €4,108 | €25,723 | +€21,615 | +526.2% |
| Other amounts payable | 47/48 | €279,778 | €284,218 | +€4,441 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,459 | €47,701 | -€2,758 | -5.5% |
| Other operating charges | 640/8 | €3,671 | €5,533 | +€1,862 | +50.7% |
| Non-recurring operating charges | 66A | - | €3,846 | +€3,846 | |
| Gross operating margin | 9900 | €70,062 | €56,634 | -€13,427 | -19.2% |
| Operating profit (loss) | 9901 | €15,932 | -€446 | -€16,378 | |
| Financial income | 75/76B | €43 | €80,774 | +€80,731 | +188667.5% |
| Recurring financial income | 75 | €43 | €66 | +€23 | +53.2% |
| Non-recurring financial income | 76B | €43 | €80,708 | +€80,665 | +188514.3% |
| Financial charges | 65/66B | €3,496 | €4,145 | +€649 | +18.6% |
| Recurring financial charges | 65 | €3,496 | €4,145 | +€649 | +18.6% |
| Profit (loss) for the period before taxes | 9903 | €12,479 | €76,183 | +€63,704 | +510.5% |
| Income taxes | 67/77 | €572 | €461 | -€111 | -19.5% |
| Profit (loss) for the period | 9904 | €11,907 | €75,722 | +€63,816 | +536.0% |
| Transfer to tax-exempt reserves | 689 | - | €80,708 | +€80,708 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,907 | -€4,986 | -€16,893 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.