PAMLAB: 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.
PAMLAB
Largest movements
- Cash -€70,409
down €70,409 (-17.3%), from €407,659 to €337,250
mainly Contributions, distributions and other (-€89,406) and Net result for the year (-€21,930)
- Tangible fixed assets -€40,471
down €40,471 (-10.4%), from €388,067 to €347,595
- Reserves -€89,406
down €89,406 (-9.3%), from €964,723 to €875,317
of which Distributable reserves: -€89,406
- Profit (loss) carried forward -€21,930
down €21,930 (-69.3%), from -€31,638 to -€53,568
- Depreciation -€9,690
down €9,690 (-25.6%), from €37,901 to €28,211
- Gross operating margin +€4,350
up €4,350 (+599%), from €727 to €5,077
- Financial income -€2,903
down €2,903 (-35.7%), from €8,129 to €5,226
- Other operating charges +€1,569
up €1,569 (+75.3%), from €2,084 to €3,653
- Taxes -€414
no longer reported in 2025 (was €414)
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 | €955,035 | €841,628 | -€113,407 | -11.9% |
| Fixed assets | 21/28 | €388,067 | €347,595 | -€40,471 | -10.4% |
| Tangible fixed assets | 22/27 | €388,067 | €347,595 | -€40,471 | -10.4% |
| Land and buildings | 22 | €307,031 | €295,619 | -€11,412 | -3.7% |
| Furniture and vehicles | 24 | €19,144 | €301 | -€18,843 | -98.4% |
| Other tangible fixed assets | 26 | €61,892 | €51,676 | -€10,216 | -16.5% |
| Current assets | 29/58 | €566,968 | €494,032 | -€72,936 | -12.9% |
| Amounts receivable within one year | 40/41 | €1,952 | €1,798 | -€153 | -7.9% |
| Other amounts receivable | 41 | €1,952 | €1,798 | -€153 | -7.9% |
| Current investments | 50/53 | €154,625 | €154,625 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €407,659 | €337,250 | -€70,409 | -17.3% |
| Deferred charges and accrued income | 490/1 | €2,732 | €359 | -€2,373 | -86.9% |
| Total equity and liabilities | 10/49 | €955,035 | €841,628 | -€113,407 | -11.9% |
| Equity | 10/15 | €945,638 | €834,301 | -€111,336 | -11.8% |
| Contributions | 10/11 | €12,553 | €12,553 | = | 0.0% |
| Reserves | 13 | €964,723 | €875,317 | -€89,406 | -9.3% |
| Non-distributable reserves | 130/1 | €12,734 | €16,334 | +€3,600 | +28.3% |
| Reserves not available under the articles | 1311 | €12,734 | €16,334 | +€3,600 | +28.3% |
| Tax-exempt reserves | 132 | €3,600 | - | -€3,600 | |
| Distributable reserves | 133 | €948,389 | €858,983 | -€89,406 | -9.4% |
| Profit (loss) carried forward | 14 | -€31,638 | -€53,568 | -€21,930 | -69.3% |
| Amounts payable | 17/49 | €9,398 | €7,327 | -€2,071 | -22.0% |
| Amounts payable within one year | 42/48 | €9,398 | €7,327 | -€2,071 | -22.0% |
| Trade debts | 44 | €2,253 | €7 | -€2,246 | -99.7% |
| Suppliers | 440/4 | €2,253 | €7 | -€2,246 | -99.7% |
| Other amounts payable | 47/48 | €7,144 | €7,320 | +€175 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,901 | €28,211 | -€9,690 | -25.6% |
| Other operating charges | 640/8 | €2,084 | €3,653 | +€1,569 | +75.3% |
| Gross operating margin | 9900 | €727 | €5,077 | +€4,350 | +599% |
| Operating profit (loss) | 9901 | -€39,258 | -€26,787 | +€12,471 | +31.8% |
| Financial income | 75/76B | €8,129 | €5,226 | -€2,903 | -35.7% |
| Recurring financial income | 75 | €8,129 | €5,226 | -€2,903 | -35.7% |
| Financial charges | 65/66B | €95 | €369 | +€274 | +288% |
| Recurring financial charges | 65 | €95 | €369 | +€274 | +288% |
| Profit (loss) for the period before taxes | 9903 | -€31,224 | -€21,930 | +€9,294 | +29.8% |
| Income taxes | 67/77 | €414 | - | -€414 | |
| Profit (loss) for the period | 9904 | -€31,638 | -€21,930 | +€9,708 | +30.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,638 | -€21,930 | +€9,708 | +30.7% |
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 16 October 2026 via checked.be.