PAX ANIMI: 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.
PAX ANIMI
Largest movements
- Tangible fixed assets +€18,846
up €18,846 (+943%), from €1,998 to €20,845
- Cash +€4,914
up €4,914 (+27.5%), from €17,901 to €22,816
mainly Net result for the year (+€19,961) and Debts after one year (+€7,410)
- Receivables within one year -€2,124
down €2,124 (-31.5%), from €6,754 to €4,630
of which Trade receivables: -€2,288
- Reserves +€18,490
new in 2025: €18,490
- Trade debts -€13,587
down €13,587 (-81.9%), from €16,587 to €3,001
- Debts after one year +€7,410
new in 2025: €7,410
- Current portion of long-term debt +€6,039
new in 2025: €6,039
- Profit (loss) carried forward +€1,471
up €1,471, from -€1,471 to €0
- Gross operating margin +€28,677
up €28,677 (+511%), from €5,608 to €34,285
- Taxes +€5,977
up €5,977 (+1,408%), from €425 to €6,401
- Depreciation +€4,109
up €4,109 (+246%), from €1,668 to €5,778
- Other operating charges -€1,444
down €1,444 (-53.0%), from €2,722 to €1,278
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 | €29,345 | €50,517 | +€21,172 | +72.1% |
| Fixed assets | 21/28 | €4,690 | €23,056 | +€18,366 | +392% |
| Intangible fixed assets | 21 | €1,492 | €1,012 | -€480 | -32.2% |
| Tangible fixed assets | 22/27 | €1,998 | €20,845 | +€18,846 | +943% |
| Furniture and vehicles | 24 | €1,998 | €20,845 | +€18,846 | +943% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €24,655 | €27,461 | +€2,805 | +11.4% |
| Amounts receivable within one year | 40/41 | €6,754 | €4,630 | -€2,124 | -31.5% |
| Trade receivables | 40 | €6,579 | €4,291 | -€2,288 | -34.8% |
| Other amounts receivable | 41 | €175 | €339 | +€164 | +93.3% |
| Cash at bank and in hand | 54/58 | €17,901 | €22,816 | +€4,914 | +27.5% |
| Deferred charges and accrued income | 490/1 | €0 | €15 | +€15 | |
| Total equity and liabilities | 10/49 | €29,345 | €50,517 | +€21,172 | +72.1% |
| Equity | 10/15 | €529 | €20,490 | +€19,961 | +3,774% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €18,490 | +€18,490 | |
| Distributable reserves | 133 | - | €18,490 | +€18,490 | |
| Profit (loss) carried forward | 14 | -€1,471 | €0 | +€1,471 | |
| Amounts payable | 17/49 | €28,817 | €30,028 | +€1,211 | +4.2% |
| Amounts payable after more than one year | 17 | - | €7,410 | +€7,410 | |
| Financial debts | 170/4 | - | €7,410 | +€7,410 | |
| Amounts payable within one year | 42/48 | €28,817 | €22,490 | -€6,327 | -22.0% |
| Current portion of amounts payable after more than one year | 42 | - | €6,039 | +€6,039 | |
| Trade debts | 44 | €16,587 | €3,001 | -€13,587 | -81.9% |
| Suppliers | 440/4 | €16,587 | €3,001 | -€13,587 | -81.9% |
| Taxes, remuneration and social security | 45 | €3,162 | €3,787 | +€625 | +19.8% |
| Taxes | 450/3 | €3,162 | €3,787 | +€625 | +19.8% |
| Other amounts payable | 47/48 | €9,067 | €9,662 | +€595 | +6.6% |
| Accrued charges and deferred income | 492/3 | - | €128 | +€128 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,668 | €5,778 | +€4,109 | +246% |
| Other operating charges | 640/8 | €2,722 | €1,278 | -€1,444 | -53.0% |
| Gross operating margin | 9900 | €5,608 | €34,285 | +€28,677 | +511% |
| Operating profit (loss) | 9901 | €1,218 | €27,229 | +€26,011 | +2,135% |
| Financial income | 75/76B | €14 | €0 | -€14 | -100% |
| Recurring financial income | 75 | €14 | €0 | -€14 | -100% |
| Financial charges | 65/66B | €1,124 | €868 | -€256 | -22.8% |
| Recurring financial charges | 65 | €1,124 | €868 | -€256 | -22.8% |
| Profit (loss) for the period before taxes | 9903 | €109 | €26,362 | +€26,253 | +24,194% |
| Income taxes | 67/77 | €425 | €6,401 | +€5,977 | +1,408% |
| Profit (loss) for the period | 9904 | -€316 | €19,961 | +€20,277 | |
| Profit (loss) for the period to be appropriated | 9905 | -€316 | €19,961 | +€20,277 |
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 17 October 2026 via checked.be.