PAMM: 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.
PAMM
Largest movements
- Receivables within one year +€6,707
up €6,707 (+32.7%), from €20,525 to €27,232
of which Other amounts receivable: +€7,913
- Cash -€5,218
down €5,218 (-14.1%), from €36,882 to €31,664
mainly Receivables within one year (-€6,707) and Investment in fixed assets (net) (-€3,151)
- Tangible fixed assets -€4,225
down €4,225 (-16.5%), from €25,643 to €21,418
- Profit (loss) carried forward -€2,569
new in 2025: -€2,569
- Gross operating margin -€3,547
down €3,547 (-37.9%), from €9,348 to €5,800
- Taxes -€939
down €939 (-54.7%), from €1,717 to €778
- Depreciation +€388
up €388 (+5.5%), from €6,988 to €7,376
- Financial income +€335
up €335 (+75.6%), from €443 to €779
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 | €84,972 | €82,527 | -€2,445 | -2.9% |
| Fixed assets | 21/28 | €25,643 | €21,418 | -€4,225 | -16.5% |
| Tangible fixed assets | 22/27 | €25,643 | €21,418 | -€4,225 | -16.5% |
| Furniture and vehicles | 24 | €25,643 | €21,418 | -€4,225 | -16.5% |
| Current assets | 29/58 | €59,329 | €61,109 | +€1,780 | +3.0% |
| Amounts receivable within one year | 40/41 | €20,525 | €27,232 | +€6,707 | +32.7% |
| Trade receivables | 40 | €4,545 | €3,339 | -€1,206 | -26.5% |
| Other amounts receivable | 41 | €15,980 | €23,893 | +€7,913 | +49.5% |
| Cash at bank and in hand | 54/58 | €36,882 | €31,664 | -€5,218 | -14.1% |
| Deferred charges and accrued income | 490/1 | €1,922 | €2,213 | +€291 | +15.1% |
| Total equity and liabilities | 10/49 | €84,972 | €82,527 | -€2,445 | -2.9% |
| Equity | 10/15 | €84,635 | €82,066 | -€2,569 | -3.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €78,435 | €78,435 | = | 0.0% |
| Non-distributable reserves | 130/1 | €78,435 | €78,435 | = | 0.0% |
| Other | 1319 | €78,435 | €78,435 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€2,569 | -€2,569 | |
| Amounts payable | 17/49 | €337 | €461 | +€123 | +36.5% |
| Amounts payable within one year | 42/48 | €337 | €461 | +€123 | +36.5% |
| Trade debts | 44 | €337 | €461 | +€123 | +36.5% |
| Suppliers | 440/4 | €337 | €461 | +€123 | +36.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,988 | €7,376 | +€388 | +5.5% |
| Other operating charges | 640/8 | €842 | €867 | +€25 | +3.0% |
| Non-recurring operating charges | 66A | €59 | €53 | -€6 | -10.2% |
| Gross operating margin | 9900 | €9,348 | €5,800 | -€3,547 | -37.9% |
| Operating profit (loss) | 9901 | €1,459 | -€2,496 | -€3,954 | |
| Financial income | 75/76B | €443 | €779 | +€335 | +75.6% |
| Recurring financial income | 75 | €443 | €779 | +€335 | +75.6% |
| Financial charges | 65/66B | €55 | €74 | +€19 | +34.3% |
| Recurring financial charges | 65 | €55 | €74 | +€19 | +34.3% |
| Profit (loss) for the period before taxes | 9903 | €1,847 | -€1,791 | -€3,638 | |
| Income taxes | 67/77 | €1,717 | €778 | -€939 | -54.7% |
| Profit (loss) for the period | 9904 | €130 | -€2,569 | -€2,699 | |
| Profit (loss) for the period to be appropriated | 9905 | €130 | -€2,569 | -€2,699 |
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 17 October 2026 via checked.be.