PAQUES: 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.
PAQUES
Largest movements
- Receivables within one year -€230,020
down €230,020 (-37.1%), from €620,259 to €390,239
of which Trade receivables: -€193,132
- Cash -€133,303
down €133,303 (-67.8%), from €196,656 to €63,353
mainly Trade debts (-€210,148) and Contributions, distributions and other (-€123,400)
- Stocks and contracts +€20,655
up €20,655 (+2.6%), from €792,111 to €812,766
- Deferred charges and accrued income +€16,886
up €16,886 (+275%), from €6,130 to €23,016
- Trade debts -€210,148
down €210,148 (-49.1%), from €428,239 to €218,091
- Reserves -€117,325
down €117,325 (-13.8%), from €849,938 to €732,613
of which Distributable reserves: -€117,325
- Tax, wage and social debts -€31,016
down €31,016 (-44.9%), from €69,063 to €38,047
of which Remuneration and social security: -€22,976
- Other debts +€19,699
up €19,699 (+8.2%), from €239,270 to €258,969
- Gross operating margin -€114,196
down €114,196 (-33.1%), from €344,980 to €230,784
- Staff costs +€31,824
up €31,824 (+22.3%), from €142,482 to €174,306
- Other operating charges +€17,336
up €17,336 (+621%), from €2,791 to €20,126
- Taxes -€14,939
down €14,939 (-92.3%), from €16,193 to €1,254
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,664,153 | €1,341,863 | -€322,290 | -19.4% |
| Fixed assets | 21/28 | €48,732 | €52,221 | +€3,489 | +7.2% |
| Tangible fixed assets | 22/27 | €48,732 | €52,221 | +€3,489 | +7.2% |
| Furniture and vehicles | 24 | €30,530 | €30,275 | -€255 | -0.8% |
| Other tangible fixed assets | 26 | €18,203 | €21,947 | +€3,744 | +20.6% |
| Current assets | 29/58 | €1,615,421 | €1,289,642 | -€325,779 | -20.2% |
| Stocks and contracts in progress | 3 | €792,111 | €812,766 | +€20,655 | +2.6% |
| Stocks | 30/36 | €792,111 | €812,766 | +€20,655 | +2.6% |
| Amounts receivable within one year | 40/41 | €620,259 | €390,239 | -€230,020 | -37.1% |
| Trade receivables | 40 | €523,470 | €330,339 | -€193,132 | -36.9% |
| Other amounts receivable | 41 | €96,789 | €59,901 | -€36,888 | -38.1% |
| Current investments | 50/53 | €265 | €267 | +€3 | +1.0% |
| Cash at bank and in hand | 54/58 | €196,656 | €63,353 | -€133,303 | -67.8% |
| Deferred charges and accrued income | 490/1 | €6,130 | €23,016 | +€16,886 | +275% |
| Total equity and liabilities | 10/49 | €1,664,153 | €1,341,863 | -€322,290 | -19.4% |
| Equity | 10/15 | €911,438 | €794,113 | -€117,325 | -12.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €849,938 | €732,613 | -€117,325 | -13.8% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €843,788 | €726,463 | -€117,325 | -13.9% |
| Amounts payable | 17/49 | €752,715 | €547,750 | -€204,965 | -27.2% |
| Amounts payable within one year | 42/48 | €736,572 | €515,106 | -€221,465 | -30.1% |
| Trade debts | 44 | €428,239 | €218,091 | -€210,148 | -49.1% |
| Suppliers | 440/4 | €428,239 | €218,091 | -€210,148 | -49.1% |
| Taxes, remuneration and social security | 45 | €69,063 | €38,047 | -€31,016 | -44.9% |
| Taxes | 450/3 | €41,673 | €33,633 | -€8,040 | -19.3% |
| Remuneration and social security | 454/9 | €27,390 | €4,414 | -€22,976 | -83.9% |
| Other amounts payable | 47/48 | €239,270 | €258,969 | +€19,699 | +8.2% |
| Accrued charges and deferred income | 492/3 | €16,144 | €32,644 | +€16,500 | +102% |
| Remuneration, social security and pensions | 62 | €142,482 | €174,306 | +€31,824 | +22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,599 | €16,686 | -€913 | -5.2% |
| Other operating charges | 640/8 | €2,791 | €20,126 | +€17,336 | +621% |
| Non-recurring operating charges | 66A | €1,032 | €2,013 | +€980 | +94.9% |
| Gross operating margin | 9900 | €344,980 | €230,784 | -€114,196 | -33.1% |
| Operating profit (loss) | 9901 | €181,076 | €17,653 | -€163,422 | -90.3% |
| Financial income | 75/76B | €4,477 | €5,207 | +€730 | +16.3% |
| Recurring financial income | 75 | €4,477 | €5,207 | +€730 | +16.3% |
| Financial charges | 65/66B | €14,271 | €15,531 | +€1,260 | +8.8% |
| Recurring financial charges | 65 | €14,271 | €15,531 | +€1,260 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | €171,282 | €7,330 | -€163,953 | -95.7% |
| Income taxes | 67/77 | €16,193 | €1,254 | -€14,939 | -92.3% |
| Profit (loss) for the period | 9904 | €155,089 | €6,076 | -€149,014 | -96.1% |
| Profit (loss) for the period to be appropriated | 9905 | €155,089 | €6,076 | -€149,014 | -96.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.