PAXARA: 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.
PAXARA
Largest movements
- Receivables within one year +€21,291
up €21,291 (+8.7%), from €245,691 to €266,982
of which Other amounts receivable: +€21,291
- Short-term financial debts +€12,566
up €12,566 (+85.1%), from €14,769 to €27,335
- Trade debts +€4,618
up €4,618 (+98.2%), from €4,704 to €9,322
- Reserves +€3,992
up €3,992 (+1.9%), from €207,058 to €211,051
- Gross operating margin -€6,948
down €6,948, from €5,344 to -€1,604
- Financial charges +€1,866
up €1,866 (+358%), from €521 to €2,386
- Taxes -€794
down €794 (-33.5%), from €2,373 to €1,579
- Financial income +€242
up €242 (+2.5%), from €9,717 to €9,959
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €245,691 | €267,886 | +€22,195 | +9.0% |
| Fixed assets | 21/28 | - | €450 | +€450 | |
| Financial fixed assets | 28 | - | €450 | +€450 | |
| Current assets | 29/58 | €245,691 | €267,436 | +€21,745 | +8.9% |
| Amounts receivable within one year | 40/41 | €245,691 | €266,982 | +€21,291 | +8.7% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €245,691 | €266,982 | +€21,291 | +8.7% |
| Deferred charges and accrued income | 490/1 | - | €454 | +€454 | |
| Total equity and liabilities | 10/49 | €245,691 | €267,886 | +€22,195 | +9.0% |
| Equity | 10/15 | €225,658 | €229,651 | +€3,992 | +1.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €207,058 | €211,051 | +€3,992 | +1.9% |
| Distributable reserves | 133 | €207,058 | €211,051 | +€3,992 | +1.9% |
| Amounts payable | 17/49 | €20,033 | €38,235 | +€18,202 | +90.9% |
| Amounts payable within one year | 42/48 | €20,033 | €38,235 | +€18,202 | +90.9% |
| Financial debts | 43 | €14,769 | €27,335 | +€12,566 | +85.1% |
| Credit institutions | 430/8 | €14,769 | €27,335 | +€12,566 | +85.1% |
| Trade debts | 44 | €4,704 | €9,322 | +€4,618 | +98.2% |
| Suppliers | 440/4 | €4,704 | €9,322 | +€4,618 | +98.2% |
| Taxes, remuneration and social security | 45 | €561 | €1,579 | +€1,018 | +182% |
| Taxes | 450/3 | €561 | €1,579 | +€1,018 | +182% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €388 | €397 | +€9 | +2.3% |
| Gross operating margin | 9900 | €5,344 | -€1,604 | -€6,948 | |
| Operating profit (loss) | 9901 | €4,956 | -€2,002 | -€6,957 | |
| Financial income | 75/76B | €9,717 | €9,959 | +€242 | +2.5% |
| Recurring financial income | 75 | €9,717 | €9,959 | +€242 | +2.5% |
| Financial charges | 65/66B | €521 | €2,386 | +€1,866 | +358% |
| Recurring financial charges | 65 | €521 | €2,386 | +€1,866 | +358% |
| Profit (loss) for the period before taxes | 9903 | €14,152 | €5,571 | -€8,581 | -60.6% |
| Income taxes | 67/77 | €2,373 | €1,579 | -€794 | -33.5% |
| Profit (loss) for the period | 9904 | €11,779 | €3,992 | -€7,787 | -66.1% |
| Profit (loss) for the period to be appropriated | 9905 | €11,779 | €3,992 | -€7,787 | -66.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.