PAXIA: 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.
PAXIA
Largest movements
- Receivables within one year -€33,878
down €33,878 (-25.6%), from €132,254 to €98,376
of which Trade receivables: -€34,742
- Tangible fixed assets +€4,381
up €4,381 (+178%), from €2,461 to €6,842
- Cash +€2,445
up €2,445 (+59.0%), from €4,144 to €6,589
mainly Receivables within one year (+€33,878) and Net result for the year (+€24,868)
- Trade debts -€51,810
down €51,810 (-88.0%), from €58,851 to €7,041
- Profit (loss) carried forward +€24,868
up €24,868 (+60.0%), from €41,416 to €66,284
- Gross operating margin +€5,983
up €5,983 (+19.2%), from €31,091 to €37,074
- Taxes +€1,610
up €1,610 (+20.0%), from €8,041 to €9,651
- Depreciation +€1,472
up €1,472 (+209%), from €706 to €2,178
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 | €138,860 | €111,807 | -€27,053 | -19.5% |
| Fixed assets | 21/28 | €2,461 | €6,842 | +€4,381 | +178% |
| Tangible fixed assets | 22/27 | €2,461 | €6,842 | +€4,381 | +178% |
| Furniture and vehicles | 24 | €2,461 | €6,842 | +€4,381 | +178% |
| Current assets | 29/58 | €136,398 | €104,965 | -€31,433 | -23.0% |
| Amounts receivable within one year | 40/41 | €132,254 | €98,376 | -€33,878 | -25.6% |
| Trade receivables | 40 | €126,735 | €91,993 | -€34,742 | -27.4% |
| Other amounts receivable | 41 | €5,519 | €6,383 | +€864 | +15.6% |
| Cash at bank and in hand | 54/58 | €4,144 | €6,589 | +€2,445 | +59.0% |
| Total equity and liabilities | 10/49 | €138,860 | €111,807 | -€27,053 | -19.5% |
| Equity | 10/15 | €49,476 | €74,344 | +€24,868 | +50.3% |
| Contributions | 10/11 | €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% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,416 | €66,284 | +€24,868 | +60.0% |
| Amounts payable | 17/49 | €89,383 | €37,463 | -€51,920 | -58.1% |
| Amounts payable within one year | 42/48 | €89,383 | €37,463 | -€51,920 | -58.1% |
| Trade debts | 44 | €58,851 | €7,041 | -€51,810 | -88.0% |
| Suppliers | 440/4 | €58,851 | €7,041 | -€51,810 | -88.0% |
| Taxes, remuneration and social security | 45 | €30,533 | €30,422 | -€111 | -0.4% |
| Taxes | 450/3 | €9,633 | €17,822 | +€8,189 | +85.0% |
| Remuneration and social security | 454/9 | €20,900 | €12,600 | -€8,300 | -39.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €706 | €2,178 | +€1,472 | +209% |
| Other operating charges | 640/8 | - | €17 | +€17 | |
| Gross operating margin | 9900 | €31,091 | €37,074 | +€5,983 | +19.2% |
| Operating profit (loss) | 9901 | €30,385 | €34,879 | +€4,494 | +14.8% |
| Financial charges | 65/66B | €624 | €360 | -€264 | -42.4% |
| Recurring financial charges | 65 | €624 | €360 | -€264 | -42.4% |
| Profit (loss) for the period before taxes | 9903 | €29,761 | €34,519 | +€4,758 | +16.0% |
| Income taxes | 67/77 | €8,041 | €9,651 | +€1,610 | +20.0% |
| Profit (loss) for the period | 9904 | €21,719 | €24,868 | +€3,149 | +14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €21,719 | €24,868 | +€3,149 | +14.5% |
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 24 October 2026 via checked.be.