DE PAEP SERVICES: 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.
DE PAEP SERVICES
Largest movements
- Tangible fixed assets +€57,979
up €57,979 (+230%), from €25,201 to €83,180
of which Furniture and vehicles: +€60,006
- Cash -€56,310
down €56,310 (-48.4%), from €116,453 to €60,142
mainly Investment in fixed assets (net) (-€76,993) and Stocks and contracts (-€4,221)
- Stocks and contracts +€4,221
new in 2025: €4,221
- Profit (loss) carried forward +€20,963
up €20,963, from -€20,963 to €0
- Reserves -€20,018
down €20,018 (-14.2%), from €141,119 to €121,102
of which Distributable reserves: -€20,018
- Trade debts +€6,343
up €6,343 (+300%), from €2,112 to €8,455
- Tax, wage and social debts -€4,019
down €4,019 (-95.4%), from €4,213 to €194
- Other debts +€2,093
up €2,093 (+25.0%), from €8,379 to €10,472
- Depreciation +€7,300
up €7,300 (+57.4%), from €12,715 to €20,015
- Gross operating margin +€1,386
up €1,386 (+6.0%), from €23,163 to €24,549
- Financial income +€679
up €679 (+299%), from €227 to €907
- Financial charges +€577
up €577 (+99.6%), from €579 to €1,156
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 | €148,141 | €154,159 | +€6,018 | +4.1% |
| Fixed assets | 21/28 | €27,748 | €84,726 | +€56,978 | +205% |
| Intangible fixed assets | 21 | €1,947 | €946 | -€1,002 | -51.4% |
| Tangible fixed assets | 22/27 | €25,201 | €83,180 | +€57,979 | +230% |
| Plant, machinery and equipment | 23 | €951 | €532 | -€419 | -44.1% |
| Furniture and vehicles | 24 | €16,996 | €77,002 | +€60,006 | +353% |
| Other tangible fixed assets | 26 | €7,254 | €5,647 | -€1,607 | -22.2% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €120,392 | €69,433 | -€50,960 | -42.3% |
| Stocks and contracts in progress | 3 | - | €4,221 | +€4,221 | |
| Stocks | 30/36 | - | €4,221 | +€4,221 | |
| Amounts receivable within one year | 40/41 | €2,362 | €2,811 | +€449 | +19.0% |
| Trade receivables | 40 | €2,328 | €2,731 | +€403 | +17.3% |
| Other amounts receivable | 41 | €34 | €79 | +€46 | +135% |
| Cash at bank and in hand | 54/58 | €116,453 | €60,142 | -€56,310 | -48.4% |
| Deferred charges and accrued income | 490/1 | €1,578 | €2,259 | +€681 | +43.2% |
| Total equity and liabilities | 10/49 | €148,141 | €154,159 | +€6,018 | +4.1% |
| Equity | 10/15 | €132,556 | €133,502 | +€945 | +0.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €141,119 | €121,102 | -€20,018 | -14.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €139,259 | €119,242 | -€20,018 | -14.4% |
| Profit (loss) carried forward | 14 | -€20,963 | €0 | +€20,963 | |
| Amounts payable | 17/49 | €15,584 | €20,657 | +€5,073 | +32.5% |
| Amounts payable within one year | 42/48 | €14,704 | €19,121 | +€4,417 | +30.0% |
| Trade debts | 44 | €2,112 | €8,455 | +€6,343 | +300% |
| Suppliers | 440/4 | €2,112 | €8,455 | +€6,343 | +300% |
| Taxes, remuneration and social security | 45 | €4,213 | €194 | -€4,019 | -95.4% |
| Taxes | 450/3 | €4,213 | €194 | -€4,019 | -95.4% |
| Other amounts payable | 47/48 | €8,379 | €10,472 | +€2,093 | +25.0% |
| Accrued charges and deferred income | 492/3 | €880 | €1,536 | +€656 | +74.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,715 | €20,015 | +€7,300 | +57.4% |
| Other operating charges | 640/8 | €1,517 | €1,479 | -€37 | -2.5% |
| Gross operating margin | 9900 | €23,163 | €24,549 | +€1,386 | +6.0% |
| Operating profit (loss) | 9901 | €8,931 | €3,055 | -€5,876 | -65.8% |
| Financial income | 75/76B | €227 | €907 | +€679 | +299% |
| Recurring financial income | 75 | €227 | €907 | +€679 | +299% |
| Financial charges | 65/66B | €579 | €1,156 | +€577 | +99.6% |
| Recurring financial charges | 65 | €579 | €1,156 | +€577 | +99.6% |
| Profit (loss) for the period before taxes | 9903 | €8,579 | €2,805 | -€5,774 | -67.3% |
| Income taxes | 67/77 | - | €194 | +€194 | |
| Profit (loss) for the period | 9904 | €8,579 | €2,611 | -€5,968 | -69.6% |
| Profit (loss) for the period to be appropriated | 9905 | €8,579 | €2,611 | -€5,968 | -69.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.