PAZO MNG: 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.
PAZO MNG
Largest movements
- Deferred charges and accrued income -€7,203
down €7,203 (-32.7%), from €22,011 to €14,808
- Debts after one year -€33,841
down €33,841 (-23.1%), from €146,498 to €112,657
- Other debts +€25,164
up €25,164 (+38.5%), from €65,400 to €90,564
- Profit (loss) carried forward +€5,085
up €5,085 (+40.5%), from €12,568 to €17,654
- Gross operating margin +€6,920
up €6,920 (+71.8%), from €9,639 to €16,559
- Taxes +€2,460
up €2,460 (+2,789%), from €88 to €2,549
- Financial charges -€223
down €223 (-2.6%), from €8,591 to €8,368
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 | €276,426 | €270,343 | -€6,082 | -2.2% |
| Fixed assets | 21/28 | €254,200 | €254,200 | = | 0.0% |
| Financial fixed assets | 28 | €254,200 | €254,200 | = | 0.0% |
| Current assets | 29/58 | €22,226 | €16,143 | -€6,082 | -27.4% |
| Amounts receivable within one year | 40/41 | - | €1,281 | +€1,281 | |
| Trade receivables | 40 | - | €1,281 | +€1,281 | |
| Cash at bank and in hand | 54/58 | €215 | €55 | -€160 | -74.4% |
| Deferred charges and accrued income | 490/1 | €22,011 | €14,808 | -€7,203 | -32.7% |
| Total equity and liabilities | 10/49 | €276,426 | €270,343 | -€6,082 | -2.2% |
| Equity | 10/15 | €17,568 | €22,654 | +€5,085 | +28.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,568 | €17,654 | +€5,085 | +40.5% |
| Amounts payable | 17/49 | €258,857 | €247,689 | -€11,168 | -4.3% |
| Amounts payable after more than one year | 17 | €146,498 | €112,657 | -€33,841 | -23.1% |
| Financial debts | 170/4 | €146,498 | €112,657 | -€33,841 | -23.1% |
| Amounts payable within one year | 42/48 | €109,524 | €132,200 | +€22,677 | +20.7% |
| Current portion of amounts payable after more than one year | 42 | €33,860 | €33,841 | -€19 | -0.1% |
| Taxes, remuneration and social security | 45 | €10,264 | €7,795 | -€2,469 | -24.1% |
| Taxes | 450/3 | €10,264 | €7,795 | -€2,469 | -24.1% |
| Other amounts payable | 47/48 | €65,400 | €90,564 | +€25,164 | +38.5% |
| Accrued charges and deferred income | 492/3 | €2,835 | €2,832 | -€4 | -0.1% |
| Other operating charges | 640/8 | €607 | €558 | -€49 | -8.1% |
| Gross operating margin | 9900 | €9,639 | €16,559 | +€6,920 | +71.8% |
| Operating profit (loss) | 9901 | €9,032 | €16,001 | +€6,969 | +77.2% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €8,591 | €8,368 | -€223 | -2.6% |
| Recurring financial charges | 65 | €8,591 | €8,368 | -€223 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | €441 | €7,634 | +€7,193 | +1,630% |
| Income taxes | 67/77 | €88 | €2,549 | +€2,460 | +2,789% |
| Profit (loss) for the period | 9904 | €353 | €5,085 | +€4,732 | +1,341% |
| Profit (loss) for the period to be appropriated | 9905 | €353 | €5,085 | +€4,732 | +1,341% |
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 24 October 2026 via checked.be.