PAXANT: 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.
PAXANT
Largest movements
- Receivables within one year +€8,636
up €8,636 (+28.8%), from €29,961 to €38,598
of which Trade receivables: +€6,274
- Cash +€4,563
up €4,563 (+235%), from €1,939 to €6,502
mainly Net result for the year (+€22,101) and Accrued charges and deferred income (+€3,400)
- Profit (loss) carried forward +€22,101
up €22,101 (+33.0%), from €67,049 to €89,150
- Debts after one year -€14,152
down €14,152 (-7.8%), from €182,426 to €168,274
- Accrued charges and deferred income +€3,400
new in 2025: €3,400
- Gross operating margin -€5,249
down €5,249 (-12.5%), from €42,063 to €36,814
- Depreciation -€1,543
down €1,543 (-70.0%), from €2,204 to €662
- Financial income +€965
new in 2025: €965
of which Non-recurring financial income: +€964
- Financial charges -€625
down €625 (-14.3%), from €4,366 to €3,741
of which Financial charges: -€625
- Other operating charges -€522
down €522 (-29.7%), from €1,759 to €1,237
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 | €302,891 | €316,701 | +€13,810 | +4.6% |
| Fixed assets | 21/28 | €270,561 | €271,601 | +€1,040 | +0.4% |
| Tangible fixed assets | 22/27 | €270,561 | €271,601 | +€1,040 | +0.4% |
| Land and buildings | 22 | €260,616 | €262,792 | +€2,176 | +0.8% |
| Plant, machinery and equipment | 23 | €7,063 | €7,063 | = | 0.0% |
| Furniture and vehicles | 24 | €2,882 | €1,747 | -€1,136 | -39.4% |
| Current assets | 29/58 | €32,329 | €45,100 | +€12,770 | +39.5% |
| Amounts receivable within one year | 40/41 | €29,961 | €38,598 | +€8,636 | +28.8% |
| Trade receivables | 40 | €9,414 | €15,688 | +€6,274 | +66.6% |
| Other amounts receivable | 41 | €20,547 | €22,910 | +€2,362 | +11.5% |
| Cash at bank and in hand | 54/58 | €1,939 | €6,502 | +€4,563 | +235% |
| Deferred charges and accrued income | 490/1 | €429 | - | -€429 | |
| Total equity and liabilities | 10/49 | €302,891 | €316,701 | +€13,810 | +4.6% |
| Equity | 10/15 | €81,309 | €103,410 | +€22,101 | +27.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,049 | €89,150 | +€22,101 | +33.0% |
| Amounts payable | 17/49 | €221,582 | €213,291 | -€8,291 | -3.7% |
| Amounts payable after more than one year | 17 | €182,426 | €168,274 | -€14,152 | -7.8% |
| Financial debts | 170/4 | €182,426 | €168,274 | -€14,152 | -7.8% |
| Amounts payable within one year | 42/48 | €39,156 | €41,617 | +€2,461 | +6.3% |
| Current portion of amounts payable after more than one year | 42 | €14,512 | €14,152 | -€361 | -2.5% |
| Trade debts | 44 | €9,049 | €9,828 | +€779 | +8.6% |
| Suppliers | 440/4 | €9,049 | €9,828 | +€779 | +8.6% |
| Taxes, remuneration and social security | 45 | €15,595 | €17,638 | +€2,043 | +13.1% |
| Taxes | 450/3 | €15,595 | €17,638 | +€2,043 | +13.1% |
| Accrued charges and deferred income | 492/3 | - | €3,400 | +€3,400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,204 | €662 | -€1,543 | -70.0% |
| Other operating charges | 640/8 | €1,759 | €1,237 | -€522 | -29.7% |
| Gross operating margin | 9900 | €42,063 | €36,814 | -€5,249 | -12.5% |
| Operating profit (loss) | 9901 | €38,099 | €34,916 | -€3,184 | -8.4% |
| Financial income | 75/76B | - | €965 | +€965 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Non-recurring financial income | 76B | - | €964 | +€964 | |
| Financial charges | 65/66B | €4,366 | €3,741 | -€625 | -14.3% |
| Recurring financial charges | 65 | €4,366 | €3,741 | -€625 | -14.3% |
| Non-recurring financial charges | 66B | €4,366 | €3,741 | -€625 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | €33,733 | €32,139 | -€1,594 | -4.7% |
| Income taxes | 67/77 | €9,520 | €10,038 | +€518 | +5.4% |
| Profit (loss) for the period | 9904 | €24,212 | €22,101 | -€2,112 | -8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €24,212 | €22,101 | -€2,112 | -8.7% |
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 26 October 2026 via checked.be.