PAWK: 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.
PAWK
Largest movements
- Tangible fixed assets -€4,273
down €4,273 (-39.2%), from €10,891 to €6,618
of which Plant, machinery and equipment: -€3,072
- Receivables within one year -€3,813
down €3,813 (-84.8%), from €4,498 to €685
of which Other amounts receivable: -€2,488
- Cash +€1,649
up €1,649 (+19.5%), from €8,454 to €10,103
mainly Receivables within one year (+€3,813) and Other debts (+€3,366)
- Profit (loss) carried forward -€8,460
down €8,460 (-37.6%), from -€22,503 to -€30,963
- Other debts +€3,366
new in 2025: €3,366
- Trade debts -€953
down €953 (-21.9%), from €4,356 to €3,403
- Accrued charges and deferred income -€387
no longer reported in 2025 (was €387)
- Gross operating margin +€14,589
up €14,589 (+86.0%), from -€16,962 to -€2,373
- Depreciation -€1,656
down €1,656 (-58.0%), from €2,858 to €1,202
- Other operating charges +€1,590
up €1,590 (+2,888%), from €55 to €1,645
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 | €23,844 | €17,406 | -€6,438 | -27.0% |
| Fixed assets | 21/28 | €10,891 | €6,618 | -€4,273 | -39.2% |
| Tangible fixed assets | 22/27 | €10,891 | €6,618 | -€4,273 | -39.2% |
| Plant, machinery and equipment | 23 | €3,072 | - | -€3,072 | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €7,819 | €6,618 | -€1,202 | -15.4% |
| Current assets | 29/58 | €12,953 | €10,788 | -€2,165 | -16.7% |
| Amounts receivable within one year | 40/41 | €4,498 | €685 | -€3,813 | -84.8% |
| Trade receivables | 40 | €1,325 | - | -€1,325 | |
| Other amounts receivable | 41 | €3,173 | €685 | -€2,488 | -78.4% |
| Cash at bank and in hand | 54/58 | €8,454 | €10,103 | +€1,649 | +19.5% |
| Deferred charges and accrued income | 490/1 | €1 | - | -€1 | |
| Total equity and liabilities | 10/49 | €23,844 | €17,406 | -€6,438 | -27.0% |
| Equity | 10/15 | €19,097 | €10,637 | -€8,460 | -44.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €23,000 | €23,000 | = | 0.0% |
| Distributable reserves | 133 | €23,000 | €23,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,503 | -€30,963 | -€8,460 | -37.6% |
| Amounts payable | 17/49 | €4,747 | €6,769 | +€2,022 | +42.6% |
| Amounts payable within one year | 42/48 | €4,360 | €6,769 | +€2,409 | +55.3% |
| Financial debts | 43 | €4 | - | -€4 | |
| Credit institutions | 430/8 | €4 | - | -€4 | |
| Trade debts | 44 | €4,356 | €3,403 | -€953 | -21.9% |
| Suppliers | 440/4 | €4,356 | €3,403 | -€953 | -21.9% |
| Other amounts payable | 47/48 | - | €3,366 | +€3,366 | |
| Accrued charges and deferred income | 492/3 | €387 | - | -€387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,858 | €1,202 | -€1,656 | -58.0% |
| Other operating charges | 640/8 | €55 | €1,645 | +€1,590 | +2,888% |
| Non-recurring operating charges | 66A | - | €3,072 | +€3,072 | |
| Gross operating margin | 9900 | -€16,962 | -€2,373 | +€14,589 | +86.0% |
| Operating profit (loss) | 9901 | -€19,874 | -€8,291 | +€11,583 | +58.3% |
| Financial income | 75/76B | €20 | - | -€20 | |
| Recurring financial income | 75 | €20 | - | -€20 | |
| Financial charges | 65/66B | €321 | €169 | -€152 | -47.4% |
| Recurring financial charges | 65 | €321 | €169 | -€152 | -47.4% |
| Profit (loss) for the period before taxes | 9903 | -€20,175 | -€8,460 | +€11,714 | +58.1% |
| Profit (loss) for the period | 9904 | -€20,175 | -€8,460 | +€11,714 | +58.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,175 | -€8,460 | +€11,714 | +58.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.