DE PAUW BV: what changed
DE PAUW BV
Largest movements
- Cash +€55,461
up €55,461 (+48.0%), from €115,634 to €171,096
mainly Net result for the year (+€50,020) and Receivables within one year (+€48,274)
- Receivables within one year -€48,274
down €48,274 (-29.4%), from €164,123 to €115,849
of which Trade receivables: -€48,010
- Deferred charges and accrued income +€30,509
up €30,509 (+2,527%), from €1,207 to €31,717
- Tangible fixed assets -€17,780
down €17,780 (-3.3%), from €536,033 to €518,254
of which Land and buildings: -€13,103
- Reserves +€50,020
up €50,020 (+10.3%), from €483,855 to €533,875
of which Distributable reserves: +€50,020
- Tax, wage and social debts -€23,526
down €23,526 (-78.9%), from €29,814 to €6,288
of which Taxes: -€23,526
- Other debts -€12,765
down €12,765 (-9.1%), from €139,978 to €127,213
- Accrued charges and deferred income +€9,599
new in 2025: €9,599
- Gross operating margin -€43,099
down €43,099 (-28.9%), from €149,309 to €106,210
- Staff costs -€12,919
down €12,919 (-99.3%), from €13,005 to €85
- Taxes -€6,163
down €6,163 (-18.5%), from €33,275 to €27,112
- Financial charges -€5,234
down €5,234 (-35.1%), from €14,905 to €9,671
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 | €816,998 | €836,915 | +€19,917 | +2.4% |
| Fixed assets | 21/28 | €536,033 | €518,254 | -€17,780 | -3.3% |
| Tangible fixed assets | 22/27 | €536,033 | €518,254 | -€17,780 | -3.3% |
| Land and buildings | 22 | €521,078 | €507,976 | -€13,103 | -2.5% |
| Plant, machinery and equipment | 23 | €12,209 | €8,088 | -€4,121 | -33.8% |
| Furniture and vehicles | 24 | €2,746 | €2,190 | -€556 | -20.2% |
| Current assets | 29/58 | €280,965 | €318,662 | +€37,697 | +13.4% |
| Amounts receivable within one year | 40/41 | €164,123 | €115,849 | -€48,274 | -29.4% |
| Trade receivables | 40 | €163,859 | €115,849 | -€48,010 | -29.3% |
| Other amounts receivable | 41 | €264 | €0 | -€264 | -100% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €115,634 | €171,096 | +€55,461 | +48.0% |
| Deferred charges and accrued income | 490/1 | €1,207 | €31,717 | +€30,509 | +2,527% |
| Total equity and liabilities | 10/49 | €816,998 | €836,915 | +€19,917 | +2.4% |
| Equity | 10/15 | €581,805 | €631,825 | +€50,020 | +8.6% |
| Contributions | 10/11 | €97,950 | €97,950 | = | 0.0% |
| Reserves | 13 | €483,855 | €533,875 | +€50,020 | +10.3% |
| Tax-exempt reserves | 132 | €199 | €199 | = | 0.0% |
| Distributable reserves | 133 | €483,656 | €533,675 | +€50,020 | +10.3% |
| Provisions and deferred taxes | 16 | €50,000 | €50,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €50,000 | €50,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable | 17/49 | €185,194 | €155,091 | -€30,103 | -16.3% |
| Amounts payable within one year | 42/48 | €185,194 | €145,492 | -€39,702 | -21.4% |
| Trade debts | 44 | €15,402 | €11,991 | -€3,410 | -22.1% |
| Suppliers | 440/4 | €15,402 | €11,991 | -€3,410 | -22.1% |
| Taxes, remuneration and social security | 45 | €29,814 | €6,288 | -€23,526 | -78.9% |
| Taxes | 450/3 | €29,814 | €6,288 | -€23,526 | -78.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €139,978 | €127,213 | -€12,765 | -9.1% |
| Accrued charges and deferred income | 492/3 | - | €9,599 | +€9,599 | |
| Remuneration, social security and pensions | 62 | €13,005 | €85 | -€12,919 | -99.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,977 | €17,780 | -€197 | -1.1% |
| Other operating charges | 640/8 | €2,103 | €2,640 | +€537 | +25.5% |
| Gross operating margin | 9900 | €149,309 | €106,210 | -€43,099 | -28.9% |
| Operating profit (loss) | 9901 | €116,224 | €85,704 | -€30,520 | -26.3% |
| Financial income | 75/76B | €267 | €1,099 | +€832 | +312% |
| Recurring financial income | 75 | €267 | €1,099 | +€832 | +312% |
| Financial charges | 65/66B | €14,905 | €9,671 | -€5,234 | -35.1% |
| Recurring financial charges | 65 | €14,905 | €9,671 | -€5,234 | -35.1% |
| Profit (loss) for the period before taxes | 9903 | €101,586 | €77,132 | -€24,454 | -24.1% |
| Income taxes | 67/77 | €33,275 | €27,112 | -€6,163 | -18.5% |
| Profit (loss) for the period | 9904 | €68,311 | €50,020 | -€18,291 | -26.8% |
| Profit (loss) for the period to be appropriated | 9905 | €68,311 | €50,020 | -€18,291 | -26.8% |
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 6 November 2026 via checked.be.