BUREAU PAULUS: what changed
BUREAU PAULUS
Largest movements
- Receivables within one year +€50,964
up €50,964 (+28.3%), from €180,170 to €231,134
of which Other amounts receivable: +€35,107
- Cash -€14,913
down €14,913 (-33.6%), from €44,362 to €29,449
mainly Receivables within one year (-€50,964) and Investment in fixed assets (net) (-€9,717)
- Tangible fixed assets +€4,559
up €4,559 (+26.2%), from €17,394 to €21,953
of which Plant, machinery and equipment: +€3,554
- Trade debts +€41,935
up €41,935 (+71.6%), from €58,609 to €100,544
- Debts after one year -€2,902
down €2,902 (-51.9%), from €5,596 to €2,694
- Gross operating margin -€9,888
down €9,888 (-51.4%), from €19,233 to €9,345
- Taxes -€2,455
down €2,455 (-95.6%), from €2,567 to €112
- Financial charges -€334
down €334 (-34.7%), from €963 to €629
- Depreciation -€309
down €309 (-5.7%), from €5,467 to €5,158
- Other operating charges +€238
up €238 (+8.6%), from €2,770 to €3,008
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €245,340 | €284,338 | +€38,998 | +15.9% |
| Fixed assets | 21/28 | €17,394 | €21,953 | +€4,559 | +26.2% |
| Tangible fixed assets | 22/27 | €17,394 | €21,953 | +€4,559 | +26.2% |
| Land and buildings | 22 | €9,616 | €9,903 | +€287 | +3.0% |
| Plant, machinery and equipment | 23 | €7,172 | €10,726 | +€3,554 | +49.6% |
| Furniture and vehicles | 24 | €606 | €1,324 | +€718 | +118% |
| Current assets | 29/58 | €227,946 | €262,385 | +€34,439 | +15.1% |
| Amounts receivable within one year | 40/41 | €180,170 | €231,134 | +€50,964 | +28.3% |
| Trade receivables | 40 | €75,419 | €91,276 | +€15,857 | +21.0% |
| Other amounts receivable | 41 | €104,751 | €139,858 | +€35,107 | +33.5% |
| Cash at bank and in hand | 54/58 | €44,362 | €29,449 | -€14,913 | -33.6% |
| Deferred charges and accrued income | 490/1 | €3,414 | €1,802 | -€1,612 | -47.2% |
| Total equity and liabilities | 10/49 | €245,340 | €284,338 | +€38,998 | +15.9% |
| Equity | 10/15 | €177,155 | €177,593 | +€438 | +0.2% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €122,155 | €122,593 | +€438 | +0.4% |
| Amounts payable | 17/49 | €68,185 | €106,745 | +€38,560 | +56.6% |
| Amounts payable after more than one year | 17 | €5,596 | €2,694 | -€2,902 | -51.9% |
| Financial debts | 170/4 | €5,596 | €2,694 | -€2,902 | -51.9% |
| Amounts payable within one year | 42/48 | €62,589 | €104,051 | +€41,462 | +66.2% |
| Current portion of amounts payable after more than one year | 42 | €3,019 | €3,507 | +€488 | +16.2% |
| Trade debts | 44 | €58,609 | €100,544 | +€41,935 | +71.6% |
| Suppliers | 440/4 | €58,609 | €100,544 | +€41,935 | +71.6% |
| Taxes, remuneration and social security | 45 | €961 | - | -€961 | |
| Taxes | 450/3 | €961 | - | -€961 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,467 | €5,158 | -€309 | -5.7% |
| Other operating charges | 640/8 | €2,770 | €3,008 | +€238 | +8.6% |
| Gross operating margin | 9900 | €19,233 | €9,345 | -€9,888 | -51.4% |
| Operating profit (loss) | 9901 | €10,996 | €1,179 | -€9,817 | -89.3% |
| Financial charges | 65/66B | €963 | €629 | -€334 | -34.7% |
| Recurring financial charges | 65 | €963 | €629 | -€334 | -34.7% |
| Profit (loss) for the period before taxes | 9903 | €10,033 | €550 | -€9,483 | -94.5% |
| Income taxes | 67/77 | €2,567 | €112 | -€2,455 | -95.6% |
| Profit (loss) for the period | 9904 | €7,466 | €438 | -€7,028 | -94.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,466 | €438 | -€7,028 | -94.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.