Pamico: 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.
Pamico
Largest movements
- Current investments +€181,049
up €181,049 (+65.6%), from €275,978 to €457,027
- Receivables within one year -€106,514
down €106,514 (-47.6%), from €223,856 to €117,343
- Cash -€23,702
down €23,702 (-14.5%), from €163,096 to €139,394
mainly Current investments (-€181,049) and Contributions, distributions and other (-€62,824)
- Reserves +€36,754
up €36,754 (+5.8%), from €636,606 to €673,361
- Gross operating margin -€198,924
down €198,924 (-54.9%), from €362,155 to €163,232
- Taxes -€59,792
down €59,792 (-53.3%), from €112,240 to €52,448
- Financial charges +€5,868
up €5,868 (+197.2%), from €2,975 to €8,843
- Financial income +€3,832
up €3,832 (+1066.9%), from €359 to €4,191
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 | €920,254 | €966,087 | +€45,833 | +5.0% |
| Fixed assets | 21/28 | €255,376 | €251,553 | -€3,824 | -1.5% |
| Tangible fixed assets | 22/27 | €5,376 | €1,553 | -€3,824 | -71.1% |
| Plant, machinery and equipment | 23 | €839 | €74 | -€764 | -91.1% |
| Furniture and vehicles | 24 | €4,537 | €1,478 | -€3,059 | -67.4% |
| Financial fixed assets | 28 | €250,000 | €250,000 | = | 0.0% |
| Current assets | 29/58 | €664,878 | €714,535 | +€49,657 | +7.5% |
| Amounts receivable within one year | 40/41 | €223,856 | €117,343 | -€106,514 | -47.6% |
| Trade receivables | 40 | €223,856 | €117,343 | -€106,514 | -47.6% |
| Current investments | 50/53 | €275,978 | €457,027 | +€181,049 | +65.6% |
| Cash at bank and in hand | 54/58 | €163,096 | €139,394 | -€23,702 | -14.5% |
| Deferred charges and accrued income | 490/1 | €1,948 | €772 | -€1,176 | -60.4% |
| Total equity and liabilities | 10/49 | €920,254 | €966,087 | +€45,833 | +5.0% |
| Equity | 10/15 | €645,533 | €682,288 | +€36,754 | +5.7% |
| Contributions | 10/11 | €6,400 | €6,400 | = | 0.0% |
| Reserves | 13 | €636,606 | €673,361 | +€36,754 | +5.8% |
| Distributable reserves | 133 | €636,606 | €673,361 | +€36,754 | +5.8% |
| Profit (loss) carried forward | 14 | €2,527 | €2,527 | = | 0.0% |
| Amounts payable | 17/49 | €274,721 | €283,799 | +€9,079 | +3.3% |
| Amounts payable within one year | 42/48 | €274,721 | €283,799 | +€9,079 | +3.3% |
| Trade debts | 44 | €4,110 | €9,792 | +€5,682 | +138.3% |
| Suppliers | 440/4 | €4,110 | €9,792 | +€5,682 | +138.3% |
| Taxes, remuneration and social security | 45 | €141,695 | €138,171 | -€3,524 | -2.5% |
| Taxes | 450/3 | €134,028 | €138,171 | +€4,143 | +3.1% |
| Remuneration and social security | 454/9 | €7,667 | - | -€7,667 | |
| Other amounts payable | 47/48 | €128,916 | €135,836 | +€6,920 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,828 | €3,824 | -€1,004 | -20.8% |
| Other operating charges | 640/8 | €2,290 | €2,730 | +€440 | +19.2% |
| Gross operating margin | 9900 | €362,155 | €163,232 | -€198,924 | -54.9% |
| Operating profit (loss) | 9901 | €355,038 | €156,678 | -€198,359 | -55.9% |
| Financial income | 75/76B | €359 | €4,191 | +€3,832 | +1066.9% |
| Recurring financial income | 75 | €359 | €4,191 | +€3,832 | +1066.9% |
| Financial charges | 65/66B | €2,975 | €8,843 | +€5,868 | +197.2% |
| Recurring financial charges | 65 | €2,975 | €8,843 | +€5,868 | +197.2% |
| Profit (loss) for the period before taxes | 9903 | €352,422 | €152,026 | -€200,395 | -56.9% |
| Income taxes | 67/77 | €112,240 | €52,448 | -€59,792 | -53.3% |
| Profit (loss) for the period | 9904 | €240,182 | €99,578 | -€140,603 | -58.5% |
| Profit (loss) for the period to be appropriated | 9905 | €240,182 | €99,578 | -€140,603 | -58.5% |
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 7 October 2026 via checked.be.