PAXOL: 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.
PAXOL
Largest movements
- Cash -€21,797
down €21,797 (-48.7%), from €44,757 to €22,960
mainly Receivables within one year (-€12,510) and Net result for the year (-€8,498)
- Receivables within one year +€12,510
new in 2025: €12,510
- Profit (loss) carried forward -€8,498
down €8,498, from €4,008 to -€4,490
- Other debts -€674
down €674 (-65.2%), from €1,034 to €360
- Gross operating margin -€6,949
down €6,949 (-659%), from -€1,055 to -€8,003
- Financial charges +€229
up €229 (+451%), from €51 to €280
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 | €57,757 | €48,470 | -€9,287 | -16.1% |
| Current assets | 29/58 | €57,757 | €48,470 | -€9,287 | -16.1% |
| Amounts receivable after more than one year | 29 | €13,000 | €13,000 | = | 0.0% |
| Other amounts receivable | 291 | €13,000 | €13,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €12,510 | +€12,510 | |
| Other amounts receivable | 41 | - | €12,510 | +€12,510 | |
| Cash at bank and in hand | 54/58 | €44,757 | €22,960 | -€21,797 | -48.7% |
| Total equity and liabilities | 10/49 | €57,757 | €48,470 | -€9,287 | -16.1% |
| Equity | 10/15 | €56,608 | €48,110 | -€8,498 | -15.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €34,000 | €34,000 | = | 0.0% |
| Distributable reserves | 133 | €34,000 | €34,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,008 | -€4,490 | -€8,498 | |
| Amounts payable | 17/49 | €1,149 | €360 | -€789 | -68.7% |
| Amounts payable within one year | 42/48 | €1,149 | €360 | -€789 | -68.7% |
| Trade debts | 44 | €115 | €0 | -€115 | -100% |
| Suppliers | 440/4 | €115 | €0 | -€115 | -100% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,034 | €360 | -€674 | -65.2% |
| 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 | €559 | €543 | -€16 | -2.9% |
| Gross operating margin | 9900 | -€1,055 | -€8,003 | -€6,949 | -659% |
| Operating profit (loss) | 9901 | -€1,614 | -€8,546 | -€6,932 | -430% |
| Financial income | 75/76B | €329 | €329 | = | 0.0% |
| Recurring financial income | 75 | €329 | €329 | = | 0.0% |
| Financial charges | 65/66B | €51 | €280 | +€229 | +451% |
| Recurring financial charges | 65 | €51 | €280 | +€229 | +451% |
| Profit (loss) for the period before taxes | 9903 | -€1,336 | -€8,498 | -€7,162 | -536% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€1,336 | -€8,498 | -€7,162 | -536% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,336 | -€8,498 | -€7,162 | -536% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.