PAWR GROUP: what changed
PAWR GROUP
Largest movements
- Cash -€6,720
down €6,720 (-18.8%), from €35,714 to €28,994
mainly Accrued charges and deferred income (-€25,000) and Investment in fixed assets (net) (-€14,057)
- Receivables within one year +€3,880
up €3,880 (+7.7%), from €50,418 to €54,298
of which Trade receivables: +€5,645
- Financial fixed assets +€3,400
up €3,400 (+2,833%), from €120 to €3,520
- Tangible fixed assets -€2,108
down €2,108 (-6.2%), from €34,121 to €32,013
of which Furniture and vehicles: -€2,043
- Accrued charges and deferred income -€25,000
no longer reported in 2025 (was €25,000)
- Trade debts +€18,676
up €18,676 (+2,199%), from €849 to €19,525
- Tax, wage and social debts +€11,358
up €11,358 (+222%), from €5,105 to €16,464
of which Remuneration and social security: +€11,805
- Debts after one year -€7,086
down €7,086 (-39.5%), from €17,919 to €10,833
- Profit (loss) carried forward +€1,819
up €1,819 (+3.1%), from €59,552 to €61,371
- Staff costs +€147,575
new in 2025: €147,575
- Gross operating margin +€133,918
up €133,918 (+418%), from €32,060 to €165,978
- Taxes -€3,122
down €3,122 (-80.2%), from €3,890 to €768
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €121,787 | €120,500 | -€1,287 | -1.1% |
| Fixed assets | 21/28 | €34,241 | €35,533 | +€1,292 | +3.8% |
| Tangible fixed assets | 22/27 | €34,121 | €32,013 | -€2,108 | -6.2% |
| Plant, machinery and equipment | 23 | €65 | - | -€65 | |
| Furniture and vehicles | 24 | €34,055 | €32,013 | -€2,043 | -6.0% |
| Financial fixed assets | 28 | €120 | €3,520 | +€3,400 | +2,833% |
| Current assets | 29/58 | €87,547 | €84,968 | -€2,579 | -2.9% |
| Amounts receivable within one year | 40/41 | €50,418 | €54,298 | +€3,880 | +7.7% |
| Trade receivables | 40 | €43,000 | €48,645 | +€5,645 | +13.1% |
| Other amounts receivable | 41 | €7,418 | €5,653 | -€1,765 | -23.8% |
| Cash at bank and in hand | 54/58 | €35,714 | €28,994 | -€6,720 | -18.8% |
| Deferred charges and accrued income | 490/1 | €1,415 | €1,675 | +€260 | +18.4% |
| Total equity and liabilities | 10/49 | €121,787 | €120,500 | -€1,287 | -1.1% |
| Equity | 10/15 | €64,552 | €66,371 | +€1,819 | +2.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,552 | €61,371 | +€1,819 | +3.1% |
| Amounts payable | 17/49 | €57,235 | €54,129 | -€3,106 | -5.4% |
| Amounts payable after more than one year | 17 | €17,919 | €10,833 | -€7,086 | -39.5% |
| Financial debts | 170/4 | €17,919 | €10,833 | -€7,086 | -39.5% |
| Amounts payable within one year | 42/48 | €14,316 | €43,296 | +€28,980 | +202% |
| Current portion of amounts payable after more than one year | 42 | €6,654 | €5,727 | -€927 | -13.9% |
| Trade debts | 44 | €849 | €19,525 | +€18,676 | +2,199% |
| Suppliers | 440/4 | €849 | €19,525 | +€18,676 | +2,199% |
| Taxes, remuneration and social security | 45 | €5,105 | €16,464 | +€11,358 | +222% |
| Taxes | 450/3 | €5,105 | €4,659 | -€447 | -8.7% |
| Remuneration and social security | 454/9 | - | €11,805 | +€11,805 | |
| Other amounts payable | 47/48 | €1,707 | €1,581 | -€127 | -7.4% |
| Accrued charges and deferred income | 492/3 | €25,000 | - | -€25,000 | |
| Remuneration, social security and pensions | 62 | - | €147,575 | +€147,575 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,498 | €12,765 | +€1,267 | +11.0% |
| Other operating charges | 640/8 | €1,065 | €1,620 | +€555 | +52.1% |
| Gross operating margin | 9900 | €32,060 | €165,978 | +€133,918 | +418% |
| Operating profit (loss) | 9901 | €19,497 | €4,019 | -€15,478 | -79.4% |
| Financial income | 75/76B | €2 | €92 | +€90 | +4,054% |
| Recurring financial income | 75 | €2 | €92 | +€90 | +4,054% |
| Financial charges | 65/66B | €2,093 | €1,523 | -€569 | -27.2% |
| Recurring financial charges | 65 | €2,093 | €1,523 | -€569 | -27.2% |
| Profit (loss) for the period before taxes | 9903 | €17,407 | €2,588 | -€14,819 | -85.1% |
| Income taxes | 67/77 | €3,890 | €768 | -€3,122 | -80.2% |
| Profit (loss) for the period | 9904 | €13,516 | €1,819 | -€11,697 | -86.5% |
| Profit (loss) for the period to be appropriated | 9905 | €13,516 | €1,819 | -€11,697 | -86.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.