Pax Technologies: 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 Technologies
Largest movements
- Tangible fixed assets +€5,489
up €5,489 (+2.4%), from €228,696 to €234,185
of which Other tangible fixed assets: +€19,030
- Receivables within one year +€3,175
up €3,175 (+30.3%), from €10,478 to €13,652
of which Trade receivables: +€3,737
- Cash -€2,834
down €2,834 (-70.6%), from €4,018 to €1,183
mainly Debts after one year (-€28,947) and Investment in fixed assets (net) (-€22,655)
- Debts after one year -€28,947
down €28,947 (-11.4%), from €253,947 to €225,000
- Other debts +€25,608
new in 2025: €25,608
- Tax, wage and social debts +€3,911
up €3,911 (+80.6%), from €4,854 to €8,764
of which Taxes: +€4,011
- Profit (loss) carried forward +€3,075
up €3,075 (+15.8%), from -€19,416 to -€16,340
- Gross operating margin +€21,952
up €21,952 (+629.3%), from €3,488 to €25,441
- Depreciation +€4,429
up €4,429 (+34.8%), from €12,737 to €17,166
- Financial charges +€2,382
up €2,382 (+1489.0%), from €160 to €2,542
of which Non-recurring financial charges: +€2,472
- Staff costs +€381
up €381 (+18.2%), from €2,087 to €2,468
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.
Cash bridge derived
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 | €244,790 | €250,083 | +€5,294 | +2.2% |
| Fixed assets | 21/28 | €228,696 | €234,185 | +€5,489 | +2.4% |
| Tangible fixed assets | 22/27 | €228,696 | €234,185 | +€5,489 | +2.4% |
| Land and buildings | 22 | €200,936 | €195,187 | -€5,748 | -2.9% |
| Furniture and vehicles | 24 | €27,227 | €19,434 | -€7,793 | -28.6% |
| Other tangible fixed assets | 26 | €534 | €19,563 | +€19,030 | +3565.8% |
| Current assets | 29/58 | €16,094 | €15,899 | -€195 | -1.2% |
| Amounts receivable within one year | 40/41 | €10,478 | €13,652 | +€3,175 | +30.3% |
| Trade receivables | 40 | €9,775 | €13,511 | +€3,737 | +38.2% |
| Other amounts receivable | 41 | €703 | €141 | -€562 | -80.0% |
| Cash at bank and in hand | 54/58 | €4,018 | €1,183 | -€2,834 | -70.6% |
| Deferred charges and accrued income | 490/1 | €1,598 | €1,063 | -€535 | -33.5% |
| Total equity and liabilities | 10/49 | €244,790 | €250,083 | +€5,294 | +2.2% |
| Equity | 10/15 | -€14,416 | -€11,340 | +€3,075 | +21.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,416 | -€16,340 | +€3,075 | +15.8% |
| Amounts payable | 17/49 | €259,205 | €261,424 | +€2,218 | +0.9% |
| Amounts payable after more than one year | 17 | €253,947 | €225,000 | -€28,947 | -11.4% |
| Other amounts payable | 178/9 | €253,947 | €225,000 | -€28,947 | -11.4% |
| Amounts payable within one year | 42/48 | €5,258 | €36,424 | +€31,165 | +592.7% |
| Trade debts | 44 | €405 | €2,052 | +€1,647 | +406.9% |
| Suppliers | 440/4 | €405 | €2,052 | +€1,647 | +406.9% |
| Taxes, remuneration and social security | 45 | €4,854 | €8,764 | +€3,911 | +80.6% |
| Taxes | 450/3 | €2,354 | €6,364 | +€4,011 | +170.4% |
| Remuneration and social security | 454/9 | €2,500 | €2,400 | -€100 | -4.0% |
| Other amounts payable | 47/48 | - | €25,608 | +€25,608 | |
| Non-recurring operating income | 76A | - | €627 | +€627 | |
| Remuneration, social security and pensions | 62 | €2,087 | €2,468 | +€381 | +18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,737 | €17,166 | +€4,429 | +34.8% |
| Other operating charges | 640/8 | - | €142 | +€142 | |
| Non-recurring operating charges | 66A | - | €50 | +€50 | |
| Gross operating margin | 9900 | €3,488 | €25,441 | +€21,952 | +629.3% |
| Operating profit (loss) | 9901 | -€11,336 | €5,615 | +€16,951 | |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €160 | €2,542 | +€2,382 | +1489.0% |
| Recurring financial charges | 65 | €160 | €70 | -€90 | -56.0% |
| Non-recurring financial charges | 66B | - | €2,472 | +€2,472 | |
| Profit (loss) for the period before taxes | 9903 | -€11,496 | €3,075 | +€14,572 | |
| Profit (loss) for the period | 9904 | -€11,496 | €3,075 | +€14,572 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,496 | €3,075 | +€14,572 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.