DE PAUWKENS: 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 PAUWKENS
Largest movements
- Cash -€70,442
down €70,442 (-58.8%), from €119,731 to €49,289
mainly Tax, wage and social debts (-€61,932) and Investment in fixed assets (net) (-€19,831)
- Tangible fixed assets +€18,621
up €18,621 (+1,538%), from €1,211 to €19,831
- Receivables within one year +€3,825
up €3,825 (+1.5%), from €252,684 to €256,509
- Tax, wage and social debts -€61,932
down €61,932 (-98.2%), from €63,090 to €1,159
- Trade debts +€24,362
up €24,362 (+741%), from €3,288 to €27,650
- Profit (loss) carried forward -€10,426
down €10,426 (-10.6%), from €98,610 to €88,184
- Gross operating margin -€92,921
down €92,921 (-79.8%), from €116,482 to €23,561
- Taxes +€19,029
up €19,029 (+122%), from €15,570 to €34,599
- Other operating charges -€2,730
down €2,730 (-47.7%), from €5,726 to €2,996
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 | €373,626 | €325,629 | -€47,996 | -12.8% |
| Fixed assets | 21/28 | €1,211 | €19,831 | +€18,621 | +1,538% |
| Tangible fixed assets | 22/27 | €1,211 | €19,831 | +€18,621 | +1,538% |
| Land and buildings | 22 | €1,211 | €19,831 | +€18,621 | +1,538% |
| Current assets | 29/58 | €372,415 | €305,798 | -€66,617 | -17.9% |
| Amounts receivable within one year | 40/41 | €252,684 | €256,509 | +€3,825 | +1.5% |
| Other amounts receivable | 41 | €252,684 | €256,509 | +€3,825 | +1.5% |
| Cash at bank and in hand | 54/58 | €119,731 | €49,289 | -€70,442 | -58.8% |
| Total equity and liabilities | 10/49 | €373,626 | €325,629 | -€47,996 | -12.8% |
| Equity | 10/15 | €307,247 | €296,821 | -€10,426 | -3.4% |
| Contributions | 10/11 | €93,146 | €93,146 | = | 0.0% |
| Capital | 10 | €93,146 | €93,146 | = | 0.0% |
| Issued capital | 100 | €93,146 | €93,146 | = | 0.0% |
| Reserves | 13 | €115,491 | €115,491 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,315 | €9,315 | = | 0.0% |
| Legal reserve | 130 | €9,315 | €9,315 | = | 0.0% |
| Distributable reserves | 133 | €106,176 | €106,176 | = | 0.0% |
| Profit (loss) carried forward | 14 | €98,610 | €88,184 | -€10,426 | -10.6% |
| Amounts payable | 17/49 | €66,378 | €28,808 | -€37,570 | -56.6% |
| Amounts payable within one year | 42/48 | €66,378 | €28,808 | -€37,570 | -56.6% |
| Trade debts | 44 | €3,288 | €27,650 | +€24,362 | +741% |
| Suppliers | 440/4 | €3,288 | €27,650 | +€24,362 | +741% |
| Taxes, remuneration and social security | 45 | €63,090 | €1,159 | -€61,932 | -98.2% |
| Taxes | 450/3 | €63,090 | €1,159 | -€61,932 | -98.2% |
| Non-recurring operating income | 76A | €141,390 | €19,831 | -€121,558 | -86.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,211 | €1,211 | -€0 | 0.0% |
| Other operating charges | 640/8 | €5,726 | €2,996 | -€2,730 | -47.7% |
| Gross operating margin | 9900 | €116,482 | €23,561 | -€92,921 | -79.8% |
| Operating profit (loss) | 9901 | €109,546 | €19,354 | -€90,192 | -82.3% |
| Financial income | 75/76B | €4,897 | €5,072 | +€175 | +3.6% |
| Recurring financial income | 75 | €4,897 | €5,072 | +€175 | +3.6% |
| Financial charges | 65/66B | €262 | €253 | -€9 | -3.4% |
| Recurring financial charges | 65 | €262 | €253 | -€9 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €114,180 | €24,173 | -€90,007 | -78.8% |
| Income taxes | 67/77 | €15,570 | €34,599 | +€19,029 | +122% |
| Profit (loss) for the period | 9904 | €98,610 | -€10,426 | -€109,036 | |
| Profit (loss) for the period to be appropriated | 9905 | €98,610 | -€10,426 | -€109,036 |
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.