PAWA CONSULT: 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.
PAWA CONSULT
Largest movements
- Cash +€83,008
up €83,008 (+44.3%), from €187,366 to €270,373
mainly Net result for the year (+€78,726) and Depreciation (+€14,588)
- Tangible fixed assets -€14,588
down €14,588 (-19.1%), from €76,306 to €61,718
of which Furniture and vehicles: -€12,028
- Receivables within one year +€8,143
up €8,143 (+40.5%), from €20,117 to €28,260
of which Trade receivables: +€11,813
- Profit (loss) carried forward +€284,498
up €284,498 (+13.9%), from -€2.0m to -€1.8m
- Reserves -€205,772
down €205,772 (-100.0%), from €205,818 to €46
of which Distributable reserves: -€205,772
- Tax, wage and social debts -€4,361
down €4,361 (-99.6%), from €4,379 to €18
- Gross operating margin +€6,051
up €6,051 (+5.2%), from €116,201 to €122,252
- Taxes +€2,131
up €2,131 (+7.7%), from €27,658 to €29,789
- Financial income +€1,254
up €1,254 (+121%), from €1,036 to €2,290
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 | €284,935 | €361,037 | +€76,102 | +26.7% |
| Fixed assets | 21/28 | €76,306 | €61,718 | -€14,588 | -19.1% |
| Tangible fixed assets | 22/27 | €76,306 | €61,718 | -€14,588 | -19.1% |
| Land and buildings | 22 | €57,572 | €55,011 | -€2,561 | -4.4% |
| Furniture and vehicles | 24 | €18,734 | €6,707 | -€12,028 | -64.2% |
| Current assets | 29/58 | €208,629 | €299,319 | +€90,690 | +43.5% |
| Amounts receivable within one year | 40/41 | €20,117 | €28,260 | +€8,143 | +40.5% |
| Trade receivables | 40 | €11,271 | €23,084 | +€11,813 | +105% |
| Other amounts receivable | 41 | €8,846 | €5,176 | -€3,670 | -41.5% |
| Cash at bank and in hand | 54/58 | €187,366 | €270,373 | +€83,008 | +44.3% |
| Deferred charges and accrued income | 490/1 | €1,146 | €686 | -€460 | -40.2% |
| Total equity and liabilities | 10/49 | €284,935 | €361,037 | +€76,102 | +26.7% |
| Equity | 10/15 | €280,067 | €358,793 | +€78,726 | +28.1% |
| Contributions | 10/11 | €2,117,000 | €2,117,000 | = | 0.0% |
| Reserves | 13 | €205,818 | €46 | -€205,772 | -100.0% |
| Tax-exempt reserves | 132 | €46 | €46 | = | 0.0% |
| Distributable reserves | 133 | €205,772 | - | -€205,772 | |
| Profit (loss) carried forward | 14 | -€2,042,750 | -€1,758,252 | +€284,498 | +13.9% |
| Amounts payable | 17/49 | €4,868 | €2,243 | -€2,624 | -53.9% |
| Amounts payable within one year | 42/48 | €4,480 | €2,243 | -€2,237 | -49.9% |
| Trade debts | 44 | €102 | €2,226 | +€2,124 | +2,088% |
| Suppliers | 440/4 | €102 | €2,226 | +€2,124 | +2,088% |
| Taxes, remuneration and social security | 45 | €4,379 | €18 | -€4,361 | -99.6% |
| Taxes | 450/3 | €4,379 | €18 | -€4,361 | -99.6% |
| Accrued charges and deferred income | 492/3 | €387 | - | -€387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,588 | €14,588 | = | 0.0% |
| Other operating charges | 640/8 | €1,587 | €1,247 | -€339 | -21.4% |
| Gross operating margin | 9900 | €116,201 | €122,252 | +€6,051 | +5.2% |
| Operating profit (loss) | 9901 | €100,026 | €106,416 | +€6,391 | +6.4% |
| Financial income | 75/76B | €1,036 | €2,290 | +€1,254 | +121% |
| Recurring financial income | 75 | €1,036 | €2,290 | +€1,254 | +121% |
| Financial charges | 65/66B | €330 | €191 | -€139 | -42.1% |
| Recurring financial charges | 65 | €330 | €191 | -€139 | -42.1% |
| Profit (loss) for the period before taxes | 9903 | €100,732 | €108,515 | +€7,783 | +7.7% |
| Income taxes | 67/77 | €27,658 | €29,789 | +€2,131 | +7.7% |
| Profit (loss) for the period | 9904 | €73,073 | €78,726 | +€5,653 | +7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €73,073 | €78,726 | +€5,653 | +7.7% |
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.