PAXYA: 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.
PAXYA
Largest movements
- Cash +€187,456
up €187,456 (+319%), from €58,835 to €246,291
mainly Other debts (+€1.1m) and Net result for the year (+€246,995)
- Tangible fixed assets -€121,903
down €121,903 (-5.5%), from €2.2m to €2.1m
of which Land and buildings: -€86,807
- Contributions -€1.3m
down €1.3m (-39.4%), from €3.3m to €2.0m
- Other debts +€1.1m
up €1.1m (+49.4%), from €2.3m to €3.5m
- Profit (loss) carried forward +€264,668
up €264,668 (+15.3%), from -€1.7m to -€1.5m
- Financial income +€181,473
up €181,473 (+386,031%), from €47 to €181,520
- Financial charges +€61,428
up €61,428 (+34.8%), from -€176,474 to -€115,046
- Other operating charges -€7,456
down €7,456 (-21.1%), from €35,419 to €27,963
- Taxes +€5,100
up €5,100 (+305%), from €1,675 to €6,775
- Depreciation -€1,939
down €1,939 (-1.3%), from €144,066 to €142,127
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 | €3,908,359 | €3,995,352 | +€86,993 | +2.2% |
| Fixed assets | 21/28 | €2,209,849 | €2,087,946 | -€121,903 | -5.5% |
| Tangible fixed assets | 22/27 | €2,209,849 | €2,087,946 | -€121,903 | -5.5% |
| Land and buildings | 22 | €2,040,266 | €1,953,458 | -€86,807 | -4.3% |
| Plant, machinery and equipment | 23 | €91,660 | €72,057 | -€19,603 | -21.4% |
| Furniture and vehicles | 24 | €77,923 | €62,431 | -€15,492 | -19.9% |
| Current assets | 29/58 | €1,698,510 | €1,907,405 | +€208,896 | +12.3% |
| Stocks and contracts in progress | 3 | €2,240 | €1,877 | -€364 | -16.2% |
| Stocks | 30/36 | €2,240 | €1,877 | -€364 | -16.2% |
| Amounts receivable within one year | 40/41 | €2,651 | - | -€2,651 | |
| Trade receivables | 40 | €2,563 | - | -€2,563 | |
| Other amounts receivable | 41 | €88 | - | -€88 | |
| Current investments | 50/53 | €1,631,064 | €1,654,509 | +€23,445 | +1.4% |
| Cash at bank and in hand | 54/58 | €58,835 | €246,291 | +€187,456 | +319% |
| Deferred charges and accrued income | 490/1 | €3,719 | €4,729 | +€1,010 | +27.2% |
| Total equity and liabilities | 10/49 | €3,908,359 | €3,995,352 | +€86,993 | +2.2% |
| Equity | 10/15 | €1,585,580 | €532,576 | -€1.1m | -66.4% |
| Contributions | 10/11 | €3,300,000 | €2,000,000 | -€1.3m | -39.4% |
| Capital | 10 | €3,300,000 | €2,000,000 | -€1.3m | -39.4% |
| Issued capital | 100 | €3,300,000 | €2,000,000 | -€1.3m | -39.4% |
| Reserves | 13 | €17,673 | - | -€17,673 | |
| Tax-exempt reserves | 132 | €17,673 | - | -€17,673 | |
| Profit (loss) carried forward | 14 | -€1,732,092 | -€1,467,424 | +€264,668 | +15.3% |
| Amounts payable | 17/49 | €2,322,778 | €3,462,776 | +€1.1m | +49.1% |
| Amounts payable within one year | 42/48 | €2,322,078 | €3,462,776 | +€1.1m | +49.1% |
| Trade debts | 44 | €5,158 | €2,029 | -€3,129 | -60.7% |
| Suppliers | 440/4 | €5,158 | €2,029 | -€3,129 | -60.7% |
| Taxes, remuneration and social security | 45 | €7,626 | €10,049 | +€2,423 | +31.8% |
| Taxes | 450/3 | €7,626 | €10,049 | +€2,423 | +31.8% |
| Other amounts payable | 47/48 | €2,309,294 | €3,450,698 | +€1.1m | +49.4% |
| Accrued charges and deferred income | 492/3 | €700 | - | -€700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €144,066 | €142,127 | -€1,939 | -1.3% |
| Other operating charges | 640/8 | €35,419 | €27,963 | -€7,456 | -21.1% |
| Gross operating margin | 9900 | €128,831 | €127,294 | -€1,537 | -1.2% |
| Operating profit (loss) | 9901 | -€50,653 | -€42,796 | +€7,858 | +15.5% |
| Financial income | 75/76B | €47 | €181,520 | +€181,473 | +386,031% |
| Recurring financial income | 75 | €47 | €181,520 | +€181,473 | +386,031% |
| Financial charges | 65/66B | -€176,474 | -€115,046 | +€61,428 | +34.8% |
| Recurring financial charges | 65 | -€176,474 | -€115,046 | +€61,428 | +34.8% |
| Profit (loss) for the period before taxes | 9903 | €125,868 | €253,770 | +€127,902 | +102% |
| Income taxes | 67/77 | €1,675 | €6,775 | +€5,100 | +305% |
| Profit (loss) for the period | 9904 | €124,193 | €246,995 | +€122,802 | +98.9% |
| Transfer from tax-exempt reserves | 789 | - | €17,673 | +€17,673 | |
| Profit (loss) for the period to be appropriated | 9905 | €124,193 | €264,668 | +€140,475 | +113% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.