PAMI INVEST: 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.
PAMI INVEST
Largest movements
- Receivables within one year -€165,334
down €165,334 (-26.7%), from €619,653 to €454,319
of which Other amounts receivable: -€170,665
- Cash +€104,731
up €104,731 (+1,044%), from €10,035 to €114,766
mainly Receivables within one year (+€165,334) and Depreciation (+€56,406)
- Debts after one year -€89,330
down €89,330 (-17.9%), from €500,000 to €410,670
- Accrued charges and deferred income +€32,238
up €32,238 (+5.2%), from €621,068 to €653,306
- Profit (loss) carried forward +€29,147
up €29,147 (+7.1%), from -€412,015 to -€382,868
- Gross operating margin -€78,676
down €78,676 (-31.1%), from €253,136 to €174,460
- Other operating charges +€21,688
up €21,688 (+53.8%), from €40,337 to €62,025
- Financial charges -€7,249
down €7,249 (-18.0%), from €40,175 to €32,927
- Depreciation +€4,432
up €4,432 (+8.5%), from €51,974 to €56,406
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 | €2,471,770 | €2,445,481 | -€26,289 | -1.1% |
| Fixed assets | 21/28 | €1,816,703 | €1,829,240 | +€12,537 | +0.7% |
| Tangible fixed assets | 22/27 | €1,816,703 | €1,829,240 | +€12,537 | +0.7% |
| Land and buildings | 22 | €1,699,317 | €1,714,091 | +€14,774 | +0.9% |
| Plant, machinery and equipment | 23 | €13,386 | €11,149 | -€2,237 | -16.7% |
| Other tangible fixed assets | 26 | €104,000 | €104,000 | = | 0.0% |
| Current assets | 29/58 | €655,067 | €616,241 | -€38,826 | -5.9% |
| Amounts receivable within one year | 40/41 | €619,653 | €454,319 | -€165,334 | -26.7% |
| Trade receivables | 40 | €587 | €5,918 | +€5,331 | +908% |
| Other amounts receivable | 41 | €619,065 | €448,401 | -€170,665 | -27.6% |
| Cash at bank and in hand | 54/58 | €10,035 | €114,766 | +€104,731 | +1,044% |
| Deferred charges and accrued income | 490/1 | €25,379 | €47,155 | +€21,777 | +85.8% |
| Total equity and liabilities | 10/49 | €2,471,770 | €2,445,481 | -€26,289 | -1.1% |
| Equity | 10/15 | €1,337,985 | €1,367,132 | +€29,147 | +2.2% |
| Contributions | 10/11 | €1,750,000 | €1,750,000 | = | 0.0% |
| Capital | 10 | €1,750,000 | €1,750,000 | = | 0.0% |
| Issued capital | 100 | €1,750,000 | €1,750,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€412,015 | -€382,868 | +€29,147 | +7.1% |
| Amounts payable | 17/49 | €1,133,785 | €1,078,349 | -€55,436 | -4.9% |
| Amounts payable after more than one year | 17 | €500,000 | €410,670 | -€89,330 | -17.9% |
| Financial debts | 170/4 | €500,000 | €410,670 | -€89,330 | -17.9% |
| Amounts payable within one year | 42/48 | €12,717 | €14,373 | +€1,656 | +13.0% |
| Trade debts | 44 | €7,224 | €9,453 | +€2,229 | +30.9% |
| Suppliers | 440/4 | €7,224 | €9,453 | +€2,229 | +30.9% |
| Other amounts payable | 47/48 | €5,493 | €4,920 | -€573 | -10.4% |
| Accrued charges and deferred income | 492/3 | €621,068 | €653,306 | +€32,238 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,974 | €56,406 | +€4,432 | +8.5% |
| Other operating charges | 640/8 | €40,337 | €62,025 | +€21,688 | +53.8% |
| Gross operating margin | 9900 | €253,136 | €174,460 | -€78,676 | -31.1% |
| Operating profit (loss) | 9901 | €160,826 | €56,029 | -€104,796 | -65.2% |
| Financial income | 75/76B | €9,710 | €11,824 | +€2,114 | +21.8% |
| Recurring financial income | 75 | €9,710 | €11,824 | +€2,114 | +21.8% |
| Financial charges | 65/66B | €40,175 | €32,927 | -€7,249 | -18.0% |
| Recurring financial charges | 65 | €40,175 | €32,927 | -€7,249 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | €130,360 | €34,926 | -€95,434 | -73.2% |
| Income taxes | 67/77 | €3,978 | €5,780 | +€1,802 | +45.3% |
| Profit (loss) for the period | 9904 | €126,382 | €29,147 | -€97,236 | -76.9% |
| Profit (loss) for the period to be appropriated | 9905 | €126,382 | €29,147 | -€97,236 | -76.9% |
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 22 October 2026 via checked.be.