Pax Vita: what changed
Pax Vita
Largest movements
- Receivables within one year +€2,161
up €2,161 (+213%), from €1,015 to €3,176
of which Trade receivables: +€2,201
- Cash -€515
down €515 (-95.8%), from €537 to €22
mainly Net result for the year (-€6,502) and Trade debts (-€2,669)
- Tangible fixed assets -€270
down €270 (-62.5%), from €432 to €162
- Other debts +€10,827
new in 2025: €10,827
- Profit (loss) carried forward -€6,502
down €6,502 (-58.5%), from -€11,121 to -€17,623
- Trade debts -€2,669
down €2,669 (-26.3%), from €10,149 to €7,481
- Tax, wage and social debts -€280
down €280 (-29.3%), from €955 to €675
- Gross operating margin -€3,851
down €3,851 (-172%), from -€2,241 to -€6,092
- Other operating charges -€357
no longer reported in 2025 (was €357)
- Financial charges -€72
down €72 (-33.8%), from €212 to €140
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 | €1,984 | €3,361 | +€1,377 | +69.4% |
| Fixed assets | 21/28 | €432 | €162 | -€270 | -62.5% |
| Tangible fixed assets | 22/27 | €432 | €162 | -€270 | -62.5% |
| Furniture and vehicles | 24 | €432 | €162 | -€270 | -62.5% |
| Current assets | 29/58 | €1,552 | €3,199 | +€1,646 | +106% |
| Amounts receivable within one year | 40/41 | €1,015 | €3,176 | +€2,161 | +213% |
| Trade receivables | 40 | €975 | €3,176 | +€2,201 | +226% |
| Other amounts receivable | 41 | €40 | - | -€40 | |
| Cash at bank and in hand | 54/58 | €537 | €22 | -€515 | -95.8% |
| Total equity and liabilities | 10/49 | €1,984 | €3,361 | +€1,377 | +69.4% |
| Equity | 10/15 | -€9,121 | -€15,623 | -€6,502 | -71.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,121 | -€17,623 | -€6,502 | -58.5% |
| Amounts payable | 17/49 | €11,105 | €18,984 | +€7,879 | +70.9% |
| Amounts payable within one year | 42/48 | €11,105 | €18,984 | +€7,879 | +70.9% |
| Trade debts | 44 | €10,149 | €7,481 | -€2,669 | -26.3% |
| Suppliers | 440/4 | €10,149 | €7,481 | -€2,669 | -26.3% |
| Taxes, remuneration and social security | 45 | €955 | €675 | -€280 | -29.3% |
| Taxes | 450/3 | €955 | €675 | -€280 | -29.3% |
| Other amounts payable | 47/48 | - | €10,827 | +€10,827 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €270 | €270 | = | 0.0% |
| Other operating charges | 640/8 | €357 | - | -€357 | |
| Gross operating margin | 9900 | -€2,241 | -€6,092 | -€3,851 | -172% |
| Operating profit (loss) | 9901 | -€2,867 | -€6,362 | -€3,494 | -122% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €212 | €140 | -€72 | -33.8% |
| Recurring financial charges | 65 | €212 | €140 | -€72 | -33.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,079 | -€6,502 | -€3,423 | -111% |
| Profit (loss) for the period | 9904 | -€3,079 | -€6,502 | -€3,423 | -111% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,079 | -€6,502 | -€3,423 | -111% |
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 7 November 2026 via checked.be.