DE PAUW D.: what changed
DE PAUW D.
Largest movements
- Cash -€32,379
down €32,379 (-15.1%), from €214,705 to €182,326
mainly Contributions, distributions and other (-€18,323) and Receivables within one year (-€8,846)
- Receivables within one year +€8,846
up €8,846 (+84.0%), from €10,525 to €19,372
of which Trade receivables: +€7,968
- Reserves -€16,020
down €16,020 (-8.9%), from €179,004 to €162,985
of which Non-distributable reserves: -€16,020
- Trade debts -€4,589
down €4,589 (-32.9%), from €13,953 to €9,365
- Gross operating margin -€71,046
down €71,046 (-92.2%), from €77,016 to €5,971
- Taxes -€3,805
down €3,805 (-93.3%), from €4,079 to €274
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 | €231,934 | €210,017 | -€21,918 | -9.4% |
| Fixed assets | 21/28 | €3,937 | €4,257 | +€320 | +8.1% |
| Tangible fixed assets | 22/27 | €3,937 | €4,257 | +€320 | +8.1% |
| Plant, machinery and equipment | 23 | €3,937 | €2,834 | -€1,103 | -28.0% |
| Furniture and vehicles | 24 | - | €1,423 | +€1,423 | |
| Current assets | 29/58 | €227,997 | €205,760 | -€22,237 | -9.8% |
| Amounts receivable within one year | 40/41 | €10,525 | €19,372 | +€8,846 | +84.0% |
| Trade receivables | 40 | €6,865 | €14,833 | +€7,968 | +116% |
| Other amounts receivable | 41 | €3,661 | €4,538 | +€878 | +24.0% |
| Cash at bank and in hand | 54/58 | €214,705 | €182,326 | -€32,379 | -15.1% |
| Deferred charges and accrued income | 490/1 | €2,767 | €4,063 | +€1,296 | +46.8% |
| Total equity and liabilities | 10/49 | €231,934 | €210,017 | -€21,918 | -9.4% |
| Equity | 10/15 | €185,204 | €169,185 | -€16,020 | -8.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €179,004 | €162,985 | -€16,020 | -8.9% |
| Non-distributable reserves | 130/1 | €171,279 | €155,260 | -€16,020 | -9.4% |
| Reserves not available under the articles | 1311 | €171,279 | €155,260 | -€16,020 | -9.4% |
| Distributable reserves | 133 | €7,725 | €7,725 | = | 0.0% |
| Amounts payable | 17/49 | €46,730 | €40,832 | -€5,898 | -12.6% |
| Amounts payable within one year | 42/48 | €46,730 | €40,832 | -€5,898 | -12.6% |
| Trade debts | 44 | €13,953 | €9,365 | -€4,589 | -32.9% |
| Suppliers | 440/4 | €13,953 | €9,365 | -€4,589 | -32.9% |
| Taxes, remuneration and social security | 45 | €7,020 | €7,250 | +€230 | +3.3% |
| Taxes | 450/3 | €7,020 | €7,250 | +€230 | +3.3% |
| Other amounts payable | 47/48 | €25,757 | €24,217 | -€1,540 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €762 | €1,184 | +€422 | +55.4% |
| Other operating charges | 640/8 | €1,901 | €2,201 | +€299 | +15.7% |
| Gross operating margin | 9900 | €77,016 | €5,971 | -€71,046 | -92.2% |
| Operating profit (loss) | 9901 | €74,353 | €2,586 | -€71,767 | -96.5% |
| Financial income | 75/76B | €77 | €154 | +€77 | +101% |
| Recurring financial income | 75 | €77 | €154 | +€77 | +101% |
| Financial charges | 65/66B | €152 | €162 | +€10 | +6.7% |
| Recurring financial charges | 65 | €152 | €162 | +€10 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | €74,277 | €2,577 | -€71,700 | -96.5% |
| Income taxes | 67/77 | €4,079 | €274 | -€3,805 | -93.3% |
| Profit (loss) for the period | 9904 | €70,199 | €2,303 | -€67,895 | -96.7% |
| Profit (loss) for the period to be appropriated | 9905 | €70,199 | €2,303 | -€67,895 | -96.7% |
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 7 November 2026 via checked.be.