PAMIR EXPRESS: 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.
PAMIR EXPRESS
Largest movements
- Receivables within one year -€4,607
down €4,607 (-7.9%), from €58,264 to €53,657
of which Other amounts receivable: -€14,908
- Cash -€3,932
down €3,932 (-32.8%), from €11,996 to €8,064
mainly Trade debts (-€7,207) and Stocks and contracts (-€3,669)
- Stocks and contracts +€3,669
up €3,669 (+33.2%), from €11,041 to €14,710
- Tangible fixed assets -€1,581
down €1,581 (-16.7%), from €9,438 to €7,857
of which Furniture and vehicles: -€1,796
- Trade debts -€7,207
down €7,207 (-10.2%), from €70,906 to €63,699
- Profit (loss) carried forward +€4,277
up €4,277 (+76.6%), from €5,586 to €9,863
- Tax, wage and social debts -€3,638
down €3,638 (-29.2%), from €12,467 to €8,830
of which Taxes: -€4,970
- Staff costs +€20,429
up €20,429 (+642%), from €3,183 to €23,612
- Gross operating margin +€5,721
up €5,721 (+18.3%), from €31,249 to €36,971
- Depreciation +€927
up €927 (+59.3%), from €1,564 to €2,491
- Other operating charges +€535
up €535 (+25.0%), from €2,144 to €2,679
- Financial charges -€517
down €517 (-11.7%), from €4,429 to €3,912
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 | €95,239 | €88,671 | -€6,568 | -6.9% |
| Fixed assets | 21/28 | €12,938 | €11,357 | -€1,581 | -12.2% |
| Tangible fixed assets | 22/27 | €9,438 | €7,857 | -€1,581 | -16.7% |
| Plant, machinery and equipment | 23 | €2,149 | €2,363 | +€215 | +10.0% |
| Furniture and vehicles | 24 | €7,289 | €5,494 | -€1,796 | -24.6% |
| Financial fixed assets | 28 | €3,500 | €3,500 | = | 0.0% |
| Current assets | 29/58 | €82,301 | €77,313 | -€4,987 | -6.1% |
| Stocks and contracts in progress | 3 | €11,041 | €14,710 | +€3,669 | +33.2% |
| Stocks | 30/36 | €11,041 | €14,710 | +€3,669 | +33.2% |
| Amounts receivable within one year | 40/41 | €58,264 | €53,657 | -€4,607 | -7.9% |
| Trade receivables | 40 | €15,471 | €25,772 | +€10,301 | +66.6% |
| Other amounts receivable | 41 | €42,793 | €27,885 | -€14,908 | -34.8% |
| Cash at bank and in hand | 54/58 | €11,996 | €8,064 | -€3,932 | -32.8% |
| Deferred charges and accrued income | 490/1 | €1,000 | €882 | -€118 | -11.8% |
| Total equity and liabilities | 10/49 | €95,239 | €88,671 | -€6,568 | -6.9% |
| Equity | 10/15 | €11,865 | €16,142 | +€4,277 | +36.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €79 | €79 | = | 0.0% |
| Non-distributable reserves | 130/1 | €79 | €79 | = | 0.0% |
| Reserves not available under the articles | 1311 | €79 | €79 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,586 | €9,863 | +€4,277 | +76.6% |
| Amounts payable | 17/49 | €83,373 | €72,529 | -€10,845 | -13.0% |
| Amounts payable within one year | 42/48 | €83,373 | €72,529 | -€10,845 | -13.0% |
| Trade debts | 44 | €70,906 | €63,699 | -€7,207 | -10.2% |
| Suppliers | 440/4 | €70,906 | €63,699 | -€7,207 | -10.2% |
| Taxes, remuneration and social security | 45 | €12,467 | €8,830 | -€3,638 | -29.2% |
| Taxes | 450/3 | €9,765 | €4,795 | -€4,970 | -50.9% |
| Remuneration and social security | 454/9 | €2,702 | €4,035 | +€1,333 | +49.3% |
| Remuneration, social security and pensions | 62 | €3,183 | €23,612 | +€20,429 | +642% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,564 | €2,491 | +€927 | +59.3% |
| Other operating charges | 640/8 | €2,144 | €2,679 | +€535 | +25.0% |
| Gross operating margin | 9900 | €31,249 | €36,971 | +€5,721 | +18.3% |
| Operating profit (loss) | 9901 | €24,358 | €8,188 | -€16,170 | -66.4% |
| Financial income | 75/76B | €1 | €0 | -€0 | -40.0% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -40.0% |
| Financial charges | 65/66B | €4,429 | €3,912 | -€517 | -11.7% |
| Recurring financial charges | 65 | €4,429 | €3,912 | -€517 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €19,929 | €4,277 | -€15,653 | -78.5% |
| Income taxes | 67/77 | €128 | - | -€128 | |
| Profit (loss) for the period | 9904 | €19,801 | €4,277 | -€15,524 | -78.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,801 | €4,277 | -€15,524 | -78.4% |
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 24 October 2026 via checked.be.