PAMIRO: 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.
PAMIRO
Largest movements
- Tangible fixed assets -€19,159
down €19,159 (-36.0%), from €53,193 to €34,035
of which Furniture and vehicles: -€16,662
- Deferred charges and accrued income +€14,399
up €14,399 (+249.5%), from €5,771 to €20,170
- Receivables within one year +€3,272
up €3,272 (+35.3%), from €9,269 to €12,541
of which Trade receivables: +€5,896
- Profit (loss) carried forward +€9,956
up €9,956 (+99.7%), from -€9,983 to -€27
- Trade debts -€8,470
down €8,470 (-29.8%), from €28,431 to €19,960
- Debts after one year -€6,357
down €6,357 (-51.5%), from €12,353 to €5,997
- Tax, wage and social debts +€2,084
up €2,084 (+11.4%), from €18,208 to €20,291
of which Taxes: +€5,135
- Gross operating margin +€9,016
up €9,016 (+6.3%), from €143,755 to €152,771
- Depreciation -€8,404
down €8,404 (-34.6%), from €24,295 to €15,890
- Staff costs +€2,528
up €2,528 (+2.4%), from €107,496 to €110,025
- Other operating charges +€2,473
up €2,473 (+26.6%), from €9,314 to €11,787
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 | €123,518 | €120,920 | -€2,597 | -2.1% |
| Fixed assets | 21/28 | €70,204 | €51,046 | -€19,159 | -27.3% |
| Tangible fixed assets | 22/27 | €53,193 | €34,035 | -€19,159 | -36.0% |
| Plant, machinery and equipment | 23 | €8,607 | €10,194 | +€1,586 | +18.4% |
| Furniture and vehicles | 24 | €25,737 | €9,075 | -€16,662 | -64.7% |
| Other tangible fixed assets | 26 | €18,849 | €14,766 | -€4,082 | -21.7% |
| Financial fixed assets | 28 | €17,011 | €17,011 | = | 0.0% |
| Current assets | 29/58 | €53,314 | €69,875 | +€16,561 | +31.1% |
| Stocks and contracts in progress | 3 | €7,860 | €7,106 | -€754 | -9.6% |
| Stocks | 30/36 | €7,860 | €7,106 | -€754 | -9.6% |
| Amounts receivable within one year | 40/41 | €9,269 | €12,541 | +€3,272 | +35.3% |
| Trade receivables | 40 | €0 | €5,896 | +€5,896 | |
| Other amounts receivable | 41 | €9,269 | €6,645 | -€2,623 | -28.3% |
| Current investments | 50/53 | €992 | €992 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €29,422 | €29,066 | -€356 | -1.2% |
| Deferred charges and accrued income | 490/1 | €5,771 | €20,170 | +€14,399 | +249.5% |
| Total equity and liabilities | 10/49 | €123,518 | €120,920 | -€2,597 | -2.1% |
| Equity | 10/15 | €26,077 | €36,033 | +€9,956 | +38.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €17,460 | €17,460 | = | 0.0% |
| Distributable reserves | 133 | €17,460 | €17,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,983 | -€27 | +€9,956 | +99.7% |
| Amounts payable | 17/49 | €97,441 | €84,888 | -€12,553 | -12.9% |
| Amounts payable after more than one year | 17 | €12,353 | €5,997 | -€6,357 | -51.5% |
| Financial debts | 170/4 | €12,353 | €5,997 | -€6,357 | -51.5% |
| Amounts payable within one year | 42/48 | €84,958 | €78,891 | -€6,067 | -7.1% |
| Current portion of amounts payable after more than one year | 42 | €7,644 | €7,829 | +€185 | +2.4% |
| Trade debts | 44 | €28,431 | €19,960 | -€8,470 | -29.8% |
| Suppliers | 440/4 | €28,431 | €19,960 | -€8,470 | -29.8% |
| Advances received on contracts in progress | 46 | €955 | €1,270 | +€315 | +33.0% |
| Taxes, remuneration and social security | 45 | €18,208 | €20,291 | +€2,084 | +11.4% |
| Taxes | 450/3 | €6,867 | €12,002 | +€5,135 | +74.8% |
| Remuneration and social security | 454/9 | €11,341 | €8,289 | -€3,052 | -26.9% |
| Other amounts payable | 47/48 | €29,721 | €29,540 | -€181 | -0.6% |
| Accrued charges and deferred income | 492/3 | €129 | €0 | -€129 | -100.0% |
| Non-recurring operating income | 76A | - | €11,387 | +€11,387 | |
| Remuneration, social security and pensions | 62 | €107,496 | €110,025 | +€2,528 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,295 | €15,890 | -€8,404 | -34.6% |
| Other operating charges | 640/8 | €9,314 | €11,787 | +€2,473 | +26.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €143,755 | €152,771 | +€9,016 | +6.3% |
| Operating profit (loss) | 9901 | €2,650 | €15,069 | +€12,419 | +468.6% |
| Financial income | 75/76B | €271 | €170 | -€101 | -37.3% |
| Recurring financial income | 75 | €271 | €170 | -€101 | -37.3% |
| Financial charges | 65/66B | €4,462 | €4,644 | +€182 | +4.1% |
| Recurring financial charges | 65 | €4,462 | €4,644 | +€182 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,541 | €10,595 | +€12,136 | |
| Income taxes | 67/77 | €322 | €639 | +€317 | +98.4% |
| Profit (loss) for the period | 9904 | -€1,863 | €9,956 | +€11,819 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,863 | €9,956 | +€11,819 |
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 12 October 2026 via checked.be.