DORIEN 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.
DORIEN PAUWELS
Largest movements
- Cash -€9,654
down €9,654 (-64.8%), from €14,890 to €5,236
mainly Receivables within one year (-€9,368) and Net result for the year (-€1,485)
- Receivables within one year +€9,368
up €9,368 (+79.4%), from €11,800 to €21,168
of which Other amounts receivable: +€9,841
- Tangible fixed assets -€383
down €383 (-47.1%), from €813 to €430
- Reserves -€1,485
down €1,485 (-5.8%), from €25,457 to €23,972
- Trade debts +€816
up €816 (+1,780%), from €46 to €862
- Gross operating margin -€26,356
down €26,356, from €25,782 to -€574
- Taxes +€630
new in 2025: €630
- Financial income +€259
up €259 (+507%), from €51 to €311
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 | €27,503 | €26,834 | -€669 | -2.4% |
| Fixed assets | 21/28 | €813 | €430 | -€383 | -47.1% |
| Tangible fixed assets | 22/27 | €813 | €430 | -€383 | -47.1% |
| Furniture and vehicles | 24 | €813 | €430 | -€383 | -47.1% |
| Current assets | 29/58 | €26,690 | €26,404 | -€286 | -1.1% |
| Amounts receivable within one year | 40/41 | €11,800 | €21,168 | +€9,368 | +79.4% |
| Trade receivables | 40 | €11,009 | €10,536 | -€473 | -4.3% |
| Other amounts receivable | 41 | €791 | €10,632 | +€9,841 | +1,244% |
| Cash at bank and in hand | 54/58 | €14,890 | €5,236 | -€9,654 | -64.8% |
| Total equity and liabilities | 10/49 | €27,503 | €26,834 | -€669 | -2.4% |
| Equity | 10/15 | €27,457 | €25,972 | -€1,485 | -5.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €25,457 | €23,972 | -€1,485 | -5.8% |
| Distributable reserves | 133 | €25,457 | €23,972 | -€1,485 | -5.8% |
| Amounts payable | 17/49 | €46 | €862 | +€816 | +1,780% |
| Amounts payable within one year | 42/48 | €46 | €862 | +€816 | +1,780% |
| Trade debts | 44 | €46 | €862 | +€816 | +1,780% |
| Suppliers | 440/4 | €46 | €862 | +€816 | +1,780% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €336 | €383 | +€47 | +13.9% |
| Other operating charges | 640/8 | - | €58 | +€58 | |
| Gross operating margin | 9900 | €25,782 | -€574 | -€26,356 | |
| Operating profit (loss) | 9901 | €25,445 | -€1,015 | -€26,460 | |
| Financial income | 75/76B | €51 | €311 | +€259 | +507% |
| Recurring financial income | 75 | €51 | €311 | +€259 | +507% |
| Financial charges | 65/66B | €39 | €150 | +€111 | +282% |
| Recurring financial charges | 65 | €39 | €150 | +€111 | +282% |
| Profit (loss) for the period before taxes | 9903 | €25,457 | -€855 | -€26,312 | |
| Income taxes | 67/77 | - | €630 | +€630 | |
| Profit (loss) for the period | 9904 | €25,457 | -€1,485 | -€26,942 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,457 | -€1,485 | -€26,942 |
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 29 October 2026 via checked.be.