PaMe: 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.
PaMe
Largest movements
- Tangible fixed assets -€881,694
down €881,694 (-93.8%), from €940,011 to €58,316
of which Assets under construction and advance payments: -€790,011
- Receivables within one year +€39,376
up €39,376 (+280.2%), from €14,053 to €53,429
of which Trade receivables: +€43,364
- Deferred charges and accrued income +€16,261
up €16,261 (+1335.9%), from €1,217 to €17,478
- Other debts -€715,069
no longer reported in 2025 (was €715,069)
- Profit (loss) carried forward -€84,151
down €84,151 (-186.9%), from -€45,020 to -€129,171
- Trade debts -€20,092
down €20,092 (-46.0%), from €43,673 to €23,582
- Gross operating margin +€2.3m
up €2.3m, from -€4,499 to €2.2m
- Financial charges +€39,570
up €39,570 (+226.5%), from €17,468 to €57,038
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,004,011 | €177,662 | -€826,350 | -82.3% |
| Fixed assets | 21/28 | €940,011 | €58,316 | -€881,694 | -93.8% |
| Tangible fixed assets | 22/27 | €940,011 | €58,316 | -€881,694 | -93.8% |
| Land and buildings | 22 | €150,000 | €58,316 | -€91,684 | -61.1% |
| Assets under construction and advance payments | 27 | €790,011 | - | -€790,011 | |
| Current assets | 29/58 | €64,001 | €119,345 | +€55,345 | +86.5% |
| Amounts receivable within one year | 40/41 | €14,053 | €53,429 | +€39,376 | +280.2% |
| Trade receivables | 40 | €10,000 | €53,364 | +€43,364 | +433.6% |
| Other amounts receivable | 41 | €4,053 | €64 | -€3,988 | -98.4% |
| Cash at bank and in hand | 54/58 | €48,730 | €48,439 | -€292 | -0.6% |
| Deferred charges and accrued income | 490/1 | €1,217 | €17,478 | +€16,261 | +1335.9% |
| Total equity and liabilities | 10/49 | €1,004,011 | €177,662 | -€826,350 | -82.3% |
| Equity | 10/15 | -€45,019 | -€129,170 | -€84,151 | -186.9% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,020 | -€129,171 | -€84,151 | -186.9% |
| Amounts payable | 17/49 | €1,049,031 | €306,832 | -€742,199 | -70.8% |
| Amounts payable after more than one year | 17 | €275,000 | €275,000 | = | 0.0% |
| Other amounts payable | 178/9 | €275,000 | €275,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €758,743 | €23,582 | -€735,161 | -96.9% |
| Trade debts | 44 | €43,673 | €23,582 | -€20,092 | -46.0% |
| Suppliers | 440/4 | €43,673 | €23,582 | -€20,092 | -46.0% |
| Other amounts payable | 47/48 | €715,069 | - | -€715,069 | |
| Accrued charges and deferred income | 492/3 | €15,288 | €8,250 | -€7,038 | -46.0% |
| Non-recurring operating income | 76A | - | €2,274,343 | +€2.3m | |
| Other operating charges | 640/8 | €1,747 | €1,764 | +€16 | +0.9% |
| Non-recurring operating charges | 66A | - | €2,274,343 | +€2.3m | |
| Gross operating margin | 9900 | -€4,499 | €2,248,994 | +€2.3m | |
| Operating profit (loss) | 9901 | -€6,246 | -€27,112 | -€20,866 | -334.1% |
| Financial income | 75/76B | €8,391 | - | -€8,391 | |
| Recurring financial income | 75 | €8,391 | - | -€8,391 | |
| Financial charges | 65/66B | €17,468 | €57,038 | +€39,570 | +226.5% |
| Recurring financial charges | 65 | €17,468 | €57,038 | +€39,570 | +226.5% |
| Profit (loss) for the period before taxes | 9903 | -€15,323 | -€84,151 | -€68,827 | -449.2% |
| Profit (loss) for the period | 9904 | -€15,323 | -€84,151 | -€68,827 | -449.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,323 | -€84,151 | -€68,827 | -449.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.