Paxcli: what changed
Two fiscal 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.
Paxcli
Largest movements
- Cash +€10,954
up €10,954 (+116.5%), from €9,400 to €20,353
mainly Receivables within one year (+€8,158) and Net result for the year (+€5,119)
- Receivables within one year -€8,158
down €8,158 (-99.4%), from €8,205 to €47
of which Trade receivables: -€6,726
- Formation expenses -€365
down €365 (-100.0%), from €365 to €0
- Profit (loss) carried forward +€5,119
up €5,119 (+117.6%), from €4,352 to €9,471
- Tax, wage and social debts -€3,349
down €3,349 (-36.7%), from €9,120 to €5,771
of which Taxes: -€3,349
- Other debts +€2,140
up €2,140 (+11624.8%), from €18 to €2,159
- Accrued charges and deferred income -€1,362
down €1,362 (-100.0%), from €1,362 to €0
- Depreciation -€731
down €731 (-66.7%), from €1,096 to €365
- Gross operating margin +€729
up €729 (+10.3%), from €7,091 to €7,821
- Taxes +€662
up €662 (+42.6%), from €1,555 to €2,217
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 | €17,970 | €20,401 | +€2,431 | +13.5% |
| Formation expenses | 20 | €365 | €0 | -€365 | -100.0% |
| Current assets | 29/58 | €17,605 | €20,401 | +€2,796 | +15.9% |
| Amounts receivable within one year | 40/41 | €8,205 | €47 | -€8,158 | -99.4% |
| Trade receivables | 40 | €6,760 | €34 | -€6,726 | -99.5% |
| Other amounts receivable | 41 | €1,445 | €13 | -€1,432 | -99.1% |
| Cash at bank and in hand | 54/58 | €9,400 | €20,353 | +€10,954 | +116.5% |
| Total equity and liabilities | 10/49 | €17,970 | €20,401 | +€2,431 | +13.5% |
| Equity | 10/15 | €7,352 | €12,471 | +€5,119 | +69.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,352 | €9,471 | +€5,119 | +117.6% |
| Amounts payable | 17/49 | €10,618 | €7,929 | -€2,688 | -25.3% |
| Amounts payable within one year | 42/48 | €9,256 | €7,929 | -€1,326 | -14.3% |
| Trade debts | 44 | €118 | €0 | -€118 | -100.0% |
| Suppliers | 440/4 | €118 | €0 | -€118 | -100.0% |
| Taxes, remuneration and social security | 45 | €9,120 | €5,771 | -€3,349 | -36.7% |
| Taxes | 450/3 | €7,120 | €3,771 | -€3,349 | -47.0% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €18 | €2,159 | +€2,140 | +11624.8% |
| Accrued charges and deferred income | 492/3 | €1,362 | €0 | -€1,362 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,096 | €365 | -€731 | -66.7% |
| Gross operating margin | 9900 | €7,091 | €7,821 | +€729 | +10.3% |
| Operating profit (loss) | 9901 | €5,995 | €7,455 | +€1,460 | +24.4% |
| Financial charges | 65/66B | €88 | €119 | +€31 | +34.9% |
| Recurring financial charges | 65 | €88 | €119 | +€31 | +34.9% |
| Profit (loss) for the period before taxes | 9903 | €5,907 | €7,336 | +€1,429 | +24.2% |
| Income taxes | 67/77 | €1,555 | €2,217 | +€662 | +42.6% |
| Profit (loss) for the period | 9904 | €4,352 | €5,119 | +€767 | +17.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,352 | €5,119 | +€767 | +17.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.