PAON Production: 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.
PAON Production
Largest movements
- Tangible fixed assets +€20,204
new in 2025: €20,204
- Cash +€5,129
up €5,129 (+28.6%), from €17,928 to €23,057
mainly Net result for the year (+€18,488) and Tax, wage and social debts (+€4,877)
- Receivables within one year -€1,328
down €1,328 (-94.8%), from €1,400 to €72
of which Trade receivables: -€1,400
- Profit (loss) carried forward +€18,488
up €18,488 (+166%), from €11,153 to €29,641
- Tax, wage and social debts +€4,877
up €4,877 (+140%), from €3,474 to €8,351
- Gross operating margin +€10,565
up €10,565 (+75.0%), from €14,079 to €24,644
- Taxes +€2,525
up €2,525 (+86.7%), from €2,913 to €5,438
- Depreciation +€386
new in 2025: €386
- Other operating charges +€272
new in 2025: €272
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 | €19,328 | €43,333 | +€24,005 | +124% |
| Fixed assets | 21/28 | - | €20,204 | +€20,204 | |
| Tangible fixed assets | 22/27 | - | €20,204 | +€20,204 | |
| Furniture and vehicles | 24 | - | €20,204 | +€20,204 | |
| Current assets | 29/58 | €19,328 | €23,129 | +€3,801 | +19.7% |
| Amounts receivable within one year | 40/41 | €1,400 | €72 | -€1,328 | -94.8% |
| Trade receivables | 40 | €1,400 | - | -€1,400 | |
| Other amounts receivable | 41 | - | €72 | +€72 | |
| Cash at bank and in hand | 54/58 | €17,928 | €23,057 | +€5,129 | +28.6% |
| Total equity and liabilities | 10/49 | €19,328 | €43,333 | +€24,005 | +124% |
| Equity | 10/15 | €14,153 | €32,641 | +€18,488 | +131% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,153 | €29,641 | +€18,488 | +166% |
| Amounts payable | 17/49 | €5,174 | €10,692 | +€5,517 | +107% |
| Amounts payable within one year | 42/48 | €5,174 | €10,692 | +€5,517 | +107% |
| Trade debts | 44 | €1,429 | €1,703 | +€274 | +19.2% |
| Suppliers | 440/4 | €1,429 | €1,703 | +€274 | +19.2% |
| Taxes, remuneration and social security | 45 | €3,474 | €8,351 | +€4,877 | +140% |
| Taxes | 450/3 | €3,474 | €8,351 | +€4,877 | +140% |
| Other amounts payable | 47/48 | €271 | €637 | +€366 | +135% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €386 | +€386 | |
| Other operating charges | 640/8 | - | €272 | +€272 | |
| Gross operating margin | 9900 | €14,079 | €24,644 | +€10,565 | +75.0% |
| Operating profit (loss) | 9901 | €14,079 | €23,987 | +€9,908 | +70.4% |
| Financial charges | 65/66B | €13 | €62 | +€49 | +374% |
| Recurring financial charges | 65 | €13 | €62 | +€49 | +374% |
| Profit (loss) for the period before taxes | 9903 | €14,067 | €23,926 | +€9,859 | +70.1% |
| Income taxes | 67/77 | €2,913 | €5,438 | +€2,525 | +86.7% |
| Profit (loss) for the period | 9904 | €11,153 | €18,488 | +€7,334 | +65.8% |
| Profit (loss) for the period to be appropriated | 9905 | €11,153 | €18,488 | +€7,334 | +65.8% |
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 27 October 2026 via checked.be.