PAZO: 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.
PAZO
Largest movements
- Tangible fixed assets -€33,858
down €33,858 (-50.6%), from €66,968 to €33,110
of which Land and buildings: -€33,110
- Debts after one year -€30,504
down €30,504 (-60.2%), from €50,655 to €20,151
- Other debts +€9,530
up €9,530 (+5.4%), from €176,864 to €186,395
- Trade debts -€6,902
down €6,902 (-69.2%), from €9,972 to €3,070
- Profit (loss) carried forward -€6,832
down €6,832 (-2.5%), from -€268,003 to -€274,835
- Gross operating margin +€19,019
up €19,019 (+87.2%), from €21,809 to €40,828
- Other operating charges +€6,748
up €6,748 (+121.2%), from €5,567 to €12,314
- Depreciation -€980
down €980 (-2.8%), from €34,839 to €33,858
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €76,288 | €42,556 | -€33,732 | -44.2% |
| Fixed assets | 21/28 | €67,801 | €33,943 | -€33,858 | -49.9% |
| Tangible fixed assets | 22/27 | €66,968 | €33,110 | -€33,858 | -50.6% |
| Land and buildings | 22 | €66,220 | €33,110 | -€33,110 | -50.0% |
| Plant, machinery and equipment | 23 | €253 | - | -€253 | |
| Furniture and vehicles | 24 | €496 | - | -€496 | |
| Financial fixed assets | 28 | €833 | €833 | = | 0.0% |
| Current assets | 29/58 | €8,487 | €8,613 | +€126 | +1.5% |
| Amounts receivable within one year | 40/41 | €3,525 | €3,497 | -€28 | -0.8% |
| Trade receivables | 40 | €725 | €1,101 | +€377 | +52.0% |
| Other amounts receivable | 41 | €2,800 | €2,395 | -€405 | -14.5% |
| Cash at bank and in hand | 54/58 | €4,962 | €5,116 | +€154 | +3.1% |
| Total equity and liabilities | 10/49 | €76,288 | €42,556 | -€33,732 | -44.2% |
| Equity | 10/15 | -€196,114 | -€202,946 | -€6,832 | -3.5% |
| Contributions | 10/11 | €71,889 | €71,889 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€268,003 | -€274,835 | -€6,832 | -2.5% |
| Amounts payable | 17/49 | €272,402 | €245,502 | -€26,900 | -9.9% |
| Amounts payable after more than one year | 17 | €50,655 | €20,151 | -€30,504 | -60.2% |
| Financial debts | 170/4 | €50,655 | €20,151 | -€30,504 | -60.2% |
| Amounts payable within one year | 42/48 | €221,747 | €225,351 | +€3,604 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €32,649 | €32,960 | +€311 | +1.0% |
| Trade debts | 44 | €9,972 | €3,070 | -€6,902 | -69.2% |
| Suppliers | 440/4 | €9,972 | €3,070 | -€6,902 | -69.2% |
| Taxes, remuneration and social security | 45 | €2,262 | €2,927 | +€665 | +29.4% |
| Taxes | 450/3 | €2,262 | €2,927 | +€665 | +29.4% |
| Other amounts payable | 47/48 | €176,864 | €186,395 | +€9,530 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,839 | €33,858 | -€980 | -2.8% |
| Other operating charges | 640/8 | €5,567 | €12,314 | +€6,748 | +121.2% |
| Non-recurring operating charges | 66A | €1,263 | - | -€1,263 | |
| Gross operating margin | 9900 | €21,809 | €40,828 | +€19,019 | +87.2% |
| Operating profit (loss) | 9901 | -€19,859 | -€5,345 | +€14,515 | +73.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,150 | €823 | -€326 | -28.4% |
| Recurring financial charges | 65 | €1,150 | €823 | -€326 | -28.4% |
| Profit (loss) for the period before taxes | 9903 | -€21,009 | -€6,168 | +€14,841 | +70.6% |
| Income taxes | 67/77 | €631 | €665 | +€34 | +5.4% |
| Profit (loss) for the period | 9904 | -€21,640 | -€6,832 | +€14,807 | +68.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,640 | -€6,832 | +€14,807 | +68.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2023 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.