Páme: 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.
Páme
Largest movements
- Deferred charges and accrued income +€48,860
up €48,860 (+4,285%), from €1,140 to €50,000
- Receivables within one year +€5,962
up €5,962 (+37.2%), from €16,018 to €21,980
of which Trade receivables: +€6,655
- Cash +€4,361
up €4,361 (+35.3%), from €12,358 to €16,718
mainly Net result for the year (+€45,659) and Tax, wage and social debts (+€11,837)
- Reserves +€46,000
up €46,000 (+177%), from €26,000 to €72,000
- Tax, wage and social debts +€11,837
up €11,837 (+189%), from €6,255 to €18,092
- Trade debts +€1,964
up €1,964 (+63.1%), from €3,113 to €5,078
- Gross operating margin +€35,165
up €35,165 (+131%), from €26,797 to €61,962
- Taxes +€7,547
up €7,547 (+127%), from €5,928 to €13,475
- Financial charges -€1,703
down €1,703 (-95.4%), from €1,785 to €82
- Depreciation +€625
up €625 (+50.5%), from €1,237 to €1,862
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 | €37,612 | €96,922 | +€59,310 | +158% |
| Fixed assets | 21/28 | €8,096 | €8,224 | +€128 | +1.6% |
| Tangible fixed assets | 22/27 | €8,096 | €8,224 | +€128 | +1.6% |
| Land and buildings | 22 | €3,931 | €5,470 | +€1,539 | +39.2% |
| Plant, machinery and equipment | 23 | €2,132 | €1,341 | -€791 | -37.1% |
| Furniture and vehicles | 24 | €2,033 | €1,413 | -€621 | -30.5% |
| Current assets | 29/58 | €29,516 | €88,699 | +€59,183 | +201% |
| Amounts receivable within one year | 40/41 | €16,018 | €21,980 | +€5,962 | +37.2% |
| Trade receivables | 40 | €13,915 | €20,570 | +€6,655 | +47.8% |
| Other amounts receivable | 41 | €2,103 | €1,410 | -€693 | -32.9% |
| Cash at bank and in hand | 54/58 | €12,358 | €16,718 | +€4,361 | +35.3% |
| Deferred charges and accrued income | 490/1 | €1,140 | €50,000 | +€48,860 | +4,285% |
| Total equity and liabilities | 10/49 | €37,612 | €96,922 | +€59,310 | +158% |
| Equity | 10/15 | €27,597 | €73,256 | +€45,659 | +165% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €26,000 | €72,000 | +€46,000 | +177% |
| Distributable reserves | 133 | €26,000 | €72,000 | +€46,000 | +177% |
| Profit (loss) carried forward | 14 | €597 | €256 | -€341 | -57.1% |
| Amounts payable | 17/49 | €10,015 | €23,666 | +€13,651 | +136% |
| Amounts payable within one year | 42/48 | €9,368 | €23,169 | +€13,801 | +147% |
| Trade debts | 44 | €3,113 | €5,078 | +€1,964 | +63.1% |
| Suppliers | 440/4 | €3,113 | €5,078 | +€1,964 | +63.1% |
| Taxes, remuneration and social security | 45 | €6,255 | €18,092 | +€11,837 | +189% |
| Taxes | 450/3 | €6,255 | €18,092 | +€11,837 | +189% |
| Accrued charges and deferred income | 492/3 | €647 | €497 | -€150 | -23.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,237 | €1,862 | +€625 | +50.5% |
| Other operating charges | 640/8 | €307 | €884 | +€577 | +188% |
| Gross operating margin | 9900 | €26,797 | €61,962 | +€35,165 | +131% |
| Operating profit (loss) | 9901 | €25,252 | €59,216 | +€33,964 | +134% |
| Financial charges | 65/66B | €1,785 | €82 | -€1,703 | -95.4% |
| Recurring financial charges | 65 | €1,785 | €82 | -€1,703 | -95.4% |
| Profit (loss) for the period before taxes | 9903 | €23,467 | €59,134 | +€35,667 | +152% |
| Income taxes | 67/77 | €5,928 | €13,475 | +€7,547 | +127% |
| Profit (loss) for the period | 9904 | €17,539 | €45,659 | +€28,120 | +160% |
| Profit (loss) for the period to be appropriated | 9905 | €17,539 | €45,659 | +€28,120 | +160% |
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 14 October 2026 via checked.be.