PAWIL: 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.
PAWIL
Largest movements
- Tangible fixed assets +€561,236
up €561,236 (+9.9%), from €5.7m to €6.2m
- Debts after one year +€675,834
up €675,834 (+15.4%), from €4.4m to €5.1m
- Trade debts -€70,528
down €70,528 (-92.0%), from €76,698 to €6,170
- Financial charges +€19,169
up €19,169 (+38.3%), from €50,058 to €69,227
- Financial income +€927
up €927 (+42.1%), from €2,200 to €3,126
- Gross operating margin -€577
down €577 (-1.0%), from €55,914 to €55,337
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 | €5,740,026 | €6,323,376 | +€583,350 | +10.2% |
| Fixed assets | 21/28 | €5,652,169 | €6,213,405 | +€561,236 | +9.9% |
| Tangible fixed assets | 22/27 | €5,652,169 | €6,213,405 | +€561,236 | +9.9% |
| Land and buildings | 22 | €5,652,169 | €6,213,405 | +€561,236 | +9.9% |
| Current assets | 29/58 | €87,857 | €109,971 | +€22,114 | +25.2% |
| Amounts receivable within one year | 40/41 | €70,205 | €73,332 | +€3,127 | +4.5% |
| Other amounts receivable | 41 | €70,205 | €73,332 | +€3,127 | +4.5% |
| Cash at bank and in hand | 54/58 | €15,432 | €4,992 | -€10,440 | -67.6% |
| Deferred charges and accrued income | 490/1 | €2,220 | €31,646 | +€29,427 | +1,326% |
| Total equity and liabilities | 10/49 | €5,740,026 | €6,323,376 | +€583,350 | +10.2% |
| Equity | 10/15 | €1,284,112 | €1,261,513 | -€22,600 | -1.8% |
| Contributions | 10/11 | €3,700,000 | €3,700,000 | = | 0.0% |
| Capital | 10 | €3,700,000 | €3,700,000 | = | 0.0% |
| Issued capital | 100 | €3,700,000 | €3,700,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,415,888 | -€2,438,487 | -€22,600 | -0.9% |
| Amounts payable | 17/49 | €4,455,913 | €5,061,863 | +€605,950 | +13.6% |
| Amounts payable after more than one year | 17 | €4,377,537 | €5,053,371 | +€675,834 | +15.4% |
| Financial debts | 170/4 | €4,377,537 | €5,053,371 | +€675,834 | +15.4% |
| Amounts payable within one year | 42/48 | €76,703 | €6,870 | -€69,833 | -91.0% |
| Trade debts | 44 | €76,698 | €6,170 | -€70,528 | -92.0% |
| Suppliers | 440/4 | €76,698 | €6,170 | -€70,528 | -92.0% |
| Taxes, remuneration and social security | 45 | - | €695 | +€695 | |
| Taxes | 450/3 | - | €695 | +€695 | |
| Other amounts payable | 47/48 | €5 | €5 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,674 | €1,622 | -€51 | -3.1% |
| Other operating charges | 640/8 | €11,611 | €11,836 | +€225 | +1.9% |
| Gross operating margin | 9900 | €55,914 | €55,337 | -€577 | -1.0% |
| Operating profit (loss) | 9901 | €44,302 | €43,501 | -€801 | -1.8% |
| Financial income | 75/76B | €2,200 | €3,126 | +€927 | +42.1% |
| Recurring financial income | 75 | €2,200 | €3,126 | +€927 | +42.1% |
| Financial charges | 65/66B | €50,058 | €69,227 | +€19,169 | +38.3% |
| Recurring financial charges | 65 | €50,058 | €69,227 | +€19,169 | +38.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,556 | -€22,600 | -€19,044 | -536% |
| Profit (loss) for the period | 9904 | -€3,556 | -€22,600 | -€19,044 | -536% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,556 | -€22,600 | -€19,044 | -536% |
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 28 October 2026 via checked.be.