Pamir: 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.
Pamir
Largest movements
- Receivables within one year +€194,106
up €194,106 (+1518.0%), from €12,787 to €206,893
of which Trade receivables: +€193,699
- Cash -€9,852
down €9,852 (-84.1%), from €11,721 to €1,869
mainly Receivables within one year (-€194,106)
- Trade debts +€178,387
up €178,387 (+1962.6%), from €9,089 to €187,476
- Profit (loss) carried forward +€5,112
up €5,112 (+42.1%), from €12,140 to €17,252
- Financial charges +€12,953
up €12,953 (+1032.8%), from €1,254 to €14,207
- Gross operating margin +€12,570
up €12,570 (+145.1%), from €8,660 to €21,230
- Financial income -€2,925
no longer reported in 2025 (was €2,925)
- Taxes -€1,958
no longer reported in 2025 (was €1,958)
- Other operating charges +€687
up €687 (+105.8%), from €650 to €1,337
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 | €25,657 | €209,336 | +€183,679 | +715.9% |
| Fixed assets | 21/28 | €1,149 | €575 | -€574 | -50.0% |
| Tangible fixed assets | 22/27 | €1,149 | €575 | -€574 | -50.0% |
| Plant, machinery and equipment | 23 | €471 | €575 | +€103 | +21.9% |
| Furniture and vehicles | 24 | €677 | - | -€677 | |
| Current assets | 29/58 | €24,508 | €208,762 | +€184,254 | +751.8% |
| Amounts receivable within one year | 40/41 | €12,787 | €206,893 | +€194,106 | +1518.0% |
| Trade receivables | 40 | €12,715 | €206,414 | +€193,699 | +1523.4% |
| Other amounts receivable | 41 | €72 | €479 | +€407 | +562.4% |
| Cash at bank and in hand | 54/58 | €11,721 | €1,869 | -€9,852 | -84.1% |
| Total equity and liabilities | 10/49 | €25,657 | €209,336 | +€183,679 | +715.9% |
| Equity | 10/15 | €12,340 | €17,452 | +€5,112 | +41.4% |
| Contributions | 10/11 | €200 | €200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,140 | €17,252 | +€5,112 | +42.1% |
| Amounts payable | 17/49 | €13,316 | €191,884 | +€178,568 | +1341.0% |
| Amounts payable within one year | 42/48 | €13,316 | €191,884 | +€178,568 | +1341.0% |
| Trade debts | 44 | €9,089 | €187,476 | +€178,387 | +1962.6% |
| Suppliers | 440/4 | €9,089 | €187,476 | +€178,387 | +1962.6% |
| Taxes, remuneration and social security | 45 | €1,815 | €1,958 | +€143 | +7.9% |
| Taxes | 450/3 | €1,815 | €1,958 | +€143 | +7.9% |
| Other amounts payable | 47/48 | €2,412 | €2,451 | +€39 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €544 | €574 | +€30 | +5.5% |
| Other operating charges | 640/8 | €650 | €1,337 | +€687 | +105.8% |
| Gross operating margin | 9900 | €8,660 | €21,230 | +€12,570 | +145.1% |
| Operating profit (loss) | 9901 | €7,467 | €19,319 | +€11,852 | +158.7% |
| Financial income | 75/76B | €2,925 | - | -€2,925 | |
| Recurring financial income | 75 | €2,925 | - | -€2,925 | |
| Financial charges | 65/66B | €1,254 | €14,207 | +€12,953 | +1032.8% |
| Recurring financial charges | 65 | €1,254 | €14,207 | +€12,953 | +1032.8% |
| Profit (loss) for the period before taxes | 9903 | €9,138 | €5,112 | -€4,026 | -44.1% |
| Income taxes | 67/77 | €1,958 | - | -€1,958 | |
| Profit (loss) for the period | 9904 | €7,180 | €5,112 | -€2,068 | -28.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,180 | €5,112 | -€2,068 | -28.8% |
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 8 October 2026 via checked.be.