PAMU: 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.
PAMU
Largest movements
- Receivables within one year +€19,006
up €19,006 (+10.6%), from €180,138 to €199,144
of which Other amounts receivable: +€20,671
- Profit (loss) carried forward +€19,344
up €19,344 (+26.8%), from €72,262 to €91,606
- Contributions +€2,000
up €2,000 (+3.7%), from €54,000 to €56,000
- Reserves -€2,000
no longer reported in 2025 (was €2,000)
- Gross operating margin -€20,528
down €20,528 (-38.6%), from €53,220 to €32,692
- Taxes -€5,588
down €5,588 (-39.6%), from €14,100 to €8,512
- Financial charges +€1,134
up €1,134 (+49.0%), from €2,313 to €3,447
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 | €180,999 | €199,634 | +€18,635 | +10.3% |
| Fixed assets | 21/28 | €861 | €489 | -€372 | -43.2% |
| Tangible fixed assets | 22/27 | €861 | €489 | -€372 | -43.2% |
| Plant, machinery and equipment | 23 | €861 | €489 | -€372 | -43.2% |
| Current assets | 29/58 | €180,138 | €199,144 | +€19,007 | +10.6% |
| Amounts receivable within one year | 40/41 | €180,138 | €199,144 | +€19,006 | +10.6% |
| Trade receivables | 40 | €1,665 | - | -€1,665 | |
| Other amounts receivable | 41 | €178,473 | €199,144 | +€20,671 | +11.6% |
| Cash at bank and in hand | 54/58 | - | €0 | +€0 | |
| Total equity and liabilities | 10/49 | €180,999 | €199,634 | +€18,635 | +10.3% |
| Equity | 10/15 | €128,262 | €147,606 | +€19,344 | +15.1% |
| Contributions | 10/11 | €54,000 | €56,000 | +€2,000 | +3.7% |
| Contributions outside capital | 11 | €54,000 | - | -€54,000 | |
| Share premium | 1100/10 | €8 | - | -€8 | |
| Other | 1109/19 | €53,992 | - | -€53,992 | |
| Reserves | 13 | €2,000 | - | -€2,000 | |
| Non-distributable reserves | 130/1 | €2,000 | - | -€2,000 | |
| Reserves not available under the articles | 1311 | €2,000 | - | -€2,000 | |
| Profit (loss) carried forward | 14 | €72,262 | €91,606 | +€19,344 | +26.8% |
| Amounts payable | 17/49 | €52,737 | €52,028 | -€709 | -1.3% |
| Amounts payable after more than one year | 17 | €24,676 | €24,676 | = | 0.0% |
| Financial debts | 170/4 | €24,676 | €24,676 | = | 0.0% |
| Amounts payable within one year | 42/48 | €28,061 | €27,352 | -€709 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €4,934 | €4,934 | = | 0.0% |
| Financial debts | 43 | €4,988 | €5,000 | +€11 | +0.2% |
| Credit institutions | 430/8 | €4,988 | €5,000 | +€11 | +0.2% |
| Trade debts | 44 | €2,359 | €865 | -€1,493 | -63.3% |
| Suppliers | 440/4 | €2,359 | €865 | -€1,493 | -63.3% |
| Taxes, remuneration and social security | 45 | €15,780 | €16,553 | +€773 | +4.9% |
| Taxes | 450/3 | €15,780 | €16,553 | +€773 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €254 | €372 | +€118 | +46.4% |
| Other operating charges | 640/8 | €530 | €1,017 | +€488 | +92.1% |
| Gross operating margin | 9900 | €53,220 | €32,692 | -€20,528 | -38.6% |
| Operating profit (loss) | 9901 | €52,437 | €31,303 | -€21,134 | -40.3% |
| Financial charges | 65/66B | €2,313 | €3,447 | +€1,134 | +49.0% |
| Recurring financial charges | 65 | €2,313 | €3,447 | +€1,134 | +49.0% |
| Profit (loss) for the period before taxes | 9903 | €50,124 | €27,856 | -€22,268 | -44.4% |
| Income taxes | 67/77 | €14,100 | €8,512 | -€5,588 | -39.6% |
| Profit (loss) for the period | 9904 | €36,024 | €19,344 | -€16,679 | -46.3% |
| Profit (loss) for the period to be appropriated | 9905 | €36,024 | €19,344 | -€16,679 | -46.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.