PAWI MANAGEMENT: 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.
PAWI MANAGEMENT
Largest movements
- Tangible fixed assets -€16,456
down €16,456 (-40.8%), from €40,371 to €23,915
of which Furniture and vehicles: -€21,445
- Receivables within one year +€7,375
up €7,375 (+136%), from €5,417 to €12,792
- Cash +€4,208
up €4,208 (+4.7%), from €89,155 to €93,363
mainly Net result for the year (+€45,146) and Depreciation (+€23,311)
- Other debts -€48,629
down €48,629 (-26.4%), from €184,466 to €135,836
- Profit (loss) carried forward +€45,146
up €45,146 (+83.3%), from -€54,204 to -€9,058
- Trade debts -€1,642
down €1,642 (-84.9%), from €1,934 to €292
- Gross operating margin +€98,440
up €98,440, from -€29,174 to €69,266
- Financial income -€1,927
down €1,927 (-79.4%), from €2,427 to €501
- Other operating charges -€1,220
down €1,220 (-63.7%), from €1,915 to €695
- Depreciation -€852
down €852 (-3.5%), from €24,162 to €23,311
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 | €135,517 | €130,070 | -€5,447 | -4.0% |
| Fixed assets | 21/28 | €40,371 | €23,915 | -€16,456 | -40.8% |
| Tangible fixed assets | 22/27 | €40,371 | €23,915 | -€16,456 | -40.8% |
| Furniture and vehicles | 24 | €32,831 | €11,386 | -€21,445 | -65.3% |
| Other tangible fixed assets | 26 | €7,540 | €12,529 | +€4,990 | +66.2% |
| Current assets | 29/58 | €95,146 | €106,155 | +€11,009 | +11.6% |
| Amounts receivable within one year | 40/41 | €5,417 | €12,792 | +€7,375 | +136% |
| Other amounts receivable | 41 | €5,417 | €12,792 | +€7,375 | +136% |
| Cash at bank and in hand | 54/58 | €89,155 | €93,363 | +€4,208 | +4.7% |
| Deferred charges and accrued income | 490/1 | €574 | - | -€574 | |
| Total equity and liabilities | 10/49 | €135,517 | €130,070 | -€5,447 | -4.0% |
| Equity | 10/15 | -€51,204 | -€6,058 | +€45,146 | +88.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,204 | -€9,058 | +€45,146 | +83.3% |
| Amounts payable | 17/49 | €186,721 | €136,128 | -€50,593 | -27.1% |
| Amounts payable within one year | 42/48 | €186,721 | €136,128 | -€50,593 | -27.1% |
| Trade debts | 44 | €1,934 | €292 | -€1,642 | -84.9% |
| Suppliers | 440/4 | €1,934 | €292 | -€1,642 | -84.9% |
| Taxes, remuneration and social security | 45 | €322 | - | -€322 | |
| Taxes | 450/3 | €322 | - | -€322 | |
| Other amounts payable | 47/48 | €184,466 | €135,836 | -€48,629 | -26.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,162 | €23,311 | -€852 | -3.5% |
| Other operating charges | 640/8 | €1,915 | €695 | -€1,220 | -63.7% |
| Gross operating margin | 9900 | -€29,174 | €69,266 | +€98,440 | |
| Operating profit (loss) | 9901 | -€55,251 | €45,261 | +€100,512 | |
| Financial income | 75/76B | €2,427 | €501 | -€1,927 | -79.4% |
| Recurring financial income | 75 | €2,427 | €501 | -€1,927 | -79.4% |
| Financial charges | 65/66B | €331 | €257 | -€73 | -22.2% |
| Recurring financial charges | 65 | €331 | €257 | -€73 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | -€53,154 | €45,504 | +€98,659 | |
| Income taxes | 67/77 | €1,050 | €358 | -€692 | -65.9% |
| Profit (loss) for the period | 9904 | -€54,204 | €45,146 | +€99,350 | |
| Profit (loss) for the period to be appropriated | 9905 | -€54,204 | €45,146 | +€99,350 |
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 25 October 2026 via checked.be.