PAMWOOD: 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.
PAMWOOD
Largest movements
- Cash -€59,999
down €59,999 (-95.4%), from €62,907 to €2,908
mainly Debts after one year (-€72,496) and Receivables within one year (-€7,813)
- Receivables within one year +€7,813
up €7,813 (+103%), from €7,618 to €15,431
of which Trade receivables: +€7,831
- Tangible fixed assets -€1,890
down €1,890 (-15.6%), from €12,127 to €10,237
of which Plant, machinery and equipment: -€2,188
- Debts after one year -€72,496
down €72,496 (-33.9%), from €214,071 to €141,575
- Profit (loss) carried forward +€20,231
up €20,231 (+9.4%), from -€215,203 to -€194,972
- Trade debts -€3,852
down €3,852 (-87.3%), from €4,410 to €558
- Tax, wage and social debts +€1,857
new in 2025: €1,857
- Turnover +€5,897
up €5,897 (+10.5%), from €56,104 to €62,001
- Gross operating margin +€4,229
up €4,229 (+20.3%), from €20,816 to €25,045
- Purchases and services +€1,668
up €1,668 (+4.7%), from €35,288 to €36,956
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 | €86,554 | €32,464 | -€54,090 | -62.5% |
| Fixed assets | 21/28 | €13,973 | €12,093 | -€1,880 | -13.5% |
| Tangible fixed assets | 22/27 | €12,127 | €10,237 | -€1,890 | -15.6% |
| Plant, machinery and equipment | 23 | €9,973 | €7,785 | -€2,188 | -21.9% |
| Furniture and vehicles | 24 | €1,401 | €2,128 | +€727 | +51.9% |
| Other tangible fixed assets | 26 | €753 | €324 | -€429 | -57.0% |
| Financial fixed assets | 28 | €1,846 | €1,856 | +€10 | +0.5% |
| Current assets | 29/58 | €72,581 | €20,371 | -€52,210 | -71.9% |
| Amounts receivable within one year | 40/41 | €7,618 | €15,431 | +€7,813 | +103% |
| Trade receivables | 40 | €7,600 | €15,431 | +€7,831 | +103% |
| Other amounts receivable | 41 | €18 | - | -€18 | |
| Cash at bank and in hand | 54/58 | €62,907 | €2,908 | -€59,999 | -95.4% |
| Deferred charges and accrued income | 490/1 | €2,056 | €2,032 | -€24 | -1.2% |
| Total equity and liabilities | 10/49 | €86,554 | €32,464 | -€54,090 | -62.5% |
| Equity | 10/15 | -€132,703 | -€112,472 | +€20,231 | +15.2% |
| Contributions | 10/11 | €82,500 | €82,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€215,203 | -€194,972 | +€20,231 | +9.4% |
| Amounts payable | 17/49 | €219,257 | €144,936 | -€74,321 | -33.9% |
| Amounts payable after more than one year | 17 | €214,071 | €141,575 | -€72,496 | -33.9% |
| Other amounts payable | 178/9 | €214,071 | €141,575 | -€72,496 | -33.9% |
| Amounts payable within one year | 42/48 | €5,186 | €3,191 | -€1,995 | -38.5% |
| Trade debts | 44 | €4,410 | €558 | -€3,852 | -87.3% |
| Suppliers | 440/4 | €4,410 | €558 | -€3,852 | -87.3% |
| Taxes, remuneration and social security | 45 | - | €1,857 | +€1,857 | |
| Taxes | 450/3 | - | €1,857 | +€1,857 | |
| Other amounts payable | 47/48 | €776 | €776 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €170 | +€170 | |
| Turnover | 70 | €56,104 | €62,001 | +€5,897 | +10.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €35,288 | €36,956 | +€1,668 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,137 | €3,089 | -€48 | -1.5% |
| Other operating charges | 640/8 | €1,586 | €1,680 | +€94 | +5.9% |
| Gross operating margin | 9900 | €20,816 | €25,045 | +€4,229 | +20.3% |
| Operating profit (loss) | 9901 | €16,093 | €20,276 | +€4,183 | +26.0% |
| Financial income | 75/76B | €10 | €12 | +€2 | +20.0% |
| Recurring financial income | 75 | €10 | €12 | +€2 | +20.0% |
| Financial charges | 65/66B | €47 | €55 | +€8 | +17.0% |
| Recurring financial charges | 65 | €47 | €55 | +€8 | +17.0% |
| Profit (loss) for the period before taxes | 9903 | €16,056 | €20,233 | +€4,177 | +26.0% |
| Income taxes | 67/77 | €1 | €2 | +€1 | +100% |
| Profit (loss) for the period | 9904 | €16,055 | €20,231 | +€4,176 | +26.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,055 | €20,231 | +€4,176 | +26.0% |
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 29 October 2026 via checked.be.