Pamedoc: 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.
Pamedoc
Largest movements
- Cash -€137,556
down €137,556 (-81.9%), from €167,914 to €30,358
mainly Contributions, distributions and other (-€173,940) and Tax, wage and social debts (-€14,936)
- Receivables within one year +€14,308
up €14,308 (+383.9%), from €3,727 to €18,035
of which Other amounts receivable: +€7,773
- Tangible fixed assets +€5,297
new in 2025: €5,297
- Deferred charges and accrued income -€3,845
down €3,845 (-74.6%), from €5,153 to €1,308
- Reserves -€151,594
no longer reported in 2025 (was €151,594)
- Other debts +€23,495
new in 2025: €23,495
- Trade debts +€21,239
new in 2025: €21,239
- Tax, wage and social debts -€14,936
down €14,936 (-72.2%), from €20,700 to €5,764
of which Taxes: -€17,348
- Gross operating margin -€72,912
down €72,912 (-72.7%), from €100,299 to €27,387
- Taxes -€15,330
down €15,330 (-71.6%), from €21,402 to €6,072
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 | €176,794 | €54,998 | -€121,796 | -68.9% |
| Fixed assets | 21/28 | - | €5,297 | +€5,297 | |
| Tangible fixed assets | 22/27 | - | €5,297 | +€5,297 | |
| Other tangible fixed assets | 26 | - | €5,297 | +€5,297 | |
| Current assets | 29/58 | €176,794 | €49,701 | -€127,093 | -71.9% |
| Amounts receivable within one year | 40/41 | €3,727 | €18,035 | +€14,308 | +383.9% |
| Trade receivables | 40 | - | €6,535 | +€6,535 | |
| Other amounts receivable | 41 | €3,727 | €11,500 | +€7,773 | +208.6% |
| Cash at bank and in hand | 54/58 | €167,914 | €30,358 | -€137,556 | -81.9% |
| Deferred charges and accrued income | 490/1 | €5,153 | €1,308 | -€3,845 | -74.6% |
| Total equity and liabilities | 10/49 | €176,794 | €54,998 | -€121,796 | -68.9% |
| Equity | 10/15 | €156,094 | €4,500 | -€151,594 | -97.1% |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Reserves | 13 | €151,594 | - | -€151,594 | |
| Distributable reserves | 133 | €151,594 | - | -€151,594 | |
| Amounts payable | 17/49 | €20,700 | €50,498 | +€29,798 | +144.0% |
| Amounts payable within one year | 42/48 | €20,700 | €50,498 | +€29,798 | +144.0% |
| Trade debts | 44 | - | €21,239 | +€21,239 | |
| Suppliers | 440/4 | - | €21,239 | +€21,239 | |
| Taxes, remuneration and social security | 45 | €20,700 | €5,764 | -€14,936 | -72.2% |
| Taxes | 450/3 | €20,700 | €3,352 | -€17,348 | -83.8% |
| Remuneration and social security | 454/9 | - | €2,412 | +€2,412 | |
| Other amounts payable | 47/48 | - | €23,495 | +€23,495 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €533 | +€533 | |
| Other operating charges | 640/8 | €118 | €170 | +€52 | +44.1% |
| Gross operating margin | 9900 | €100,299 | €27,387 | -€72,912 | -72.7% |
| Operating profit (loss) | 9901 | €100,181 | €26,684 | -€73,497 | -73.4% |
| Financial income | 75/76B | €2,898 | €1,903 | -€995 | -34.3% |
| Recurring financial income | 75 | €2,898 | €1,903 | -€995 | -34.3% |
| Financial charges | 65/66B | €204 | €169 | -€35 | -17.2% |
| Recurring financial charges | 65 | €204 | €169 | -€35 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | €102,875 | €28,418 | -€74,457 | -72.4% |
| Income taxes | 67/77 | €21,402 | €6,072 | -€15,330 | -71.6% |
| Profit (loss) for the period | 9904 | €81,473 | €22,346 | -€59,127 | -72.6% |
| Profit (loss) for the period to be appropriated | 9905 | €81,473 | €22,346 | -€59,127 | -72.6% |
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 1 October 2026 via checked.be.