C&S PAUWELS: 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.
C&S PAUWELS
Largest movements
- Tangible fixed assets -€633
down €633 (-41.6%), from €1,523 to €890
- Receivables within one year +€625
up €625 (+199%), from €315 to €940
of which Trade receivables: +€605
- Cash -€372
down €372 (-43.0%), from €865 to €493
mainly Net result for the year (-€1,156) and Receivables within one year (-€625)
- Formation expenses -€296
down €296 (-100%), from €296 to €0
- Profit (loss) carried forward -€1,156
down €1,156 (-44.5%), from -€2,598 to -€3,753
- Trade debts +€480
up €480 (+817%), from €59 to €539
- Gross operating margin +€1,147
up €1,147 (+86.4%), from -€1,328 to -€181
- Depreciation -€322
down €322 (-25.8%), from €1,251 to €929
- Financial charges +€23
up €23 (+46.9%), from €49 to €72
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 | €2,998 | €2,323 | -€675 | -22.5% |
| Formation expenses | 20 | €296 | €0 | -€296 | -100% |
| Fixed assets | 21/28 | €1,523 | €890 | -€633 | -41.6% |
| Tangible fixed assets | 22/27 | €1,523 | €890 | -€633 | -41.6% |
| Furniture and vehicles | 24 | €1,523 | €890 | -€633 | -41.6% |
| Current assets | 29/58 | €1,179 | €1,433 | +€254 | +21.5% |
| Amounts receivable within one year | 40/41 | €315 | €940 | +€625 | +199% |
| Trade receivables | 40 | €303 | €908 | +€605 | +200% |
| Other amounts receivable | 41 | €12 | €33 | +€20 | +163% |
| Cash at bank and in hand | 54/58 | €865 | €493 | -€372 | -43.0% |
| Total equity and liabilities | 10/49 | €2,998 | €2,323 | -€675 | -22.5% |
| Equity | 10/15 | €1,402 | €247 | -€1,156 | -82.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,598 | -€3,753 | -€1,156 | -44.5% |
| Amounts payable | 17/49 | €1,596 | €2,076 | +€480 | +30.1% |
| Amounts payable within one year | 42/48 | €1,596 | €2,076 | +€480 | +30.1% |
| Trade debts | 44 | €59 | €539 | +€480 | +817% |
| Suppliers | 440/4 | €59 | €539 | +€480 | +817% |
| Other amounts payable | 47/48 | €1,537 | €1,537 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,251 | €929 | -€322 | -25.8% |
| Gross operating margin | 9900 | -€1,328 | -€181 | +€1,147 | +86.4% |
| Operating profit (loss) | 9901 | -€2,580 | -€1,110 | +€1,470 | +57.0% |
| Financial income | 75/76B | €31 | €26 | -€5 | -14.6% |
| Recurring financial income | 75 | €31 | €26 | -€5 | -14.6% |
| Financial charges | 65/66B | €49 | €72 | +€23 | +46.9% |
| Recurring financial charges | 65 | €49 | €72 | +€23 | +46.9% |
| Profit (loss) for the period before taxes | 9903 | -€2,598 | -€1,156 | +€1,442 | +55.5% |
| Profit (loss) for the period | 9904 | -€2,598 | -€1,156 | +€1,442 | +55.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,598 | -€1,156 | +€1,442 | +55.5% |
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 26 October 2026 via checked.be.