Lab Pauw: 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.
Lab Pauw
Largest movements
- Current investments +€45,682
new in 2025: €45,682
- Tangible fixed assets +€16,843
up €16,843 (+1,788%), from €942 to €17,785
of which Furniture and vehicles: +€10,242
- Cash +€4,043
up €4,043 (+12.6%), from €32,118 to €36,161
mainly Net result for the year (+€53,786) and Depreciation (+€10,362)
- Profit (loss) carried forward +€53,786
up €53,786 (+169%), from €31,830 to €85,616
- Other debts +€8,969
new in 2025: €8,969
- Tax, wage and social debts +€6,299
up €6,299 (+59.9%), from €10,512 to €16,811
of which Taxes: +€6,439
- Trade debts -€3,128
down €3,128 (-86.3%), from €3,623 to €496
- Gross operating margin +€39,376
up €39,376 (+97.0%), from €40,581 to €79,957
- Depreciation +€10,361
up €10,361 (+668,426%), from €2 to €10,362
- Taxes +€6,610
up €6,610 (+79.3%), from €8,338 to €14,948
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 | €46,965 | €112,913 | +€65,948 | +140% |
| Fixed assets | 21/28 | €942 | €17,785 | +€16,843 | +1,788% |
| Tangible fixed assets | 22/27 | €942 | €17,785 | +€16,843 | +1,788% |
| Furniture and vehicles | 24 | - | €10,242 | +€10,242 | |
| Other tangible fixed assets | 26 | €942 | €7,542 | +€6,600 | +701% |
| Current assets | 29/58 | €46,023 | €95,128 | +€49,105 | +107% |
| Amounts receivable within one year | 40/41 | €13,905 | €13,213 | -€692 | -5.0% |
| Trade receivables | 40 | €13,600 | €13,207 | -€393 | -2.9% |
| Other amounts receivable | 41 | €305 | €6 | -€299 | -97.9% |
| Current investments | 50/53 | - | €45,682 | +€45,682 | |
| Cash at bank and in hand | 54/58 | €32,118 | €36,161 | +€4,043 | +12.6% |
| Deferred charges and accrued income | 490/1 | - | €72 | +€72 | |
| Total equity and liabilities | 10/49 | €46,965 | €112,913 | +€65,948 | +140% |
| Equity | 10/15 | €32,830 | €86,616 | +€53,786 | +164% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,830 | €85,616 | +€53,786 | +169% |
| Amounts payable | 17/49 | €14,135 | €26,297 | +€12,162 | +86.0% |
| Amounts payable within one year | 42/48 | €14,135 | €26,275 | +€12,140 | +85.9% |
| Trade debts | 44 | €3,623 | €496 | -€3,128 | -86.3% |
| Suppliers | 440/4 | €3,623 | €496 | -€3,128 | -86.3% |
| Taxes, remuneration and social security | 45 | €10,512 | €16,811 | +€6,299 | +59.9% |
| Taxes | 450/3 | €8,062 | €14,501 | +€6,439 | +79.9% |
| Remuneration and social security | 454/9 | €2,450 | €2,310 | -€140 | -5.7% |
| Other amounts payable | 47/48 | - | €8,969 | +€8,969 | |
| Accrued charges and deferred income | 492/3 | - | €22 | +€22 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2 | €10,362 | +€10,361 | +668,426% |
| Other operating charges | 640/8 | €380 | €573 | +€193 | +50.7% |
| Gross operating margin | 9900 | €40,581 | €79,957 | +€39,376 | +97.0% |
| Operating profit (loss) | 9901 | €40,199 | €69,022 | +€28,823 | +71.7% |
| Financial income | 75/76B | €8 | €72 | +€64 | +817% |
| Recurring financial income | 75 | €8 | €72 | +€64 | +817% |
| Financial charges | 65/66B | €39 | €360 | +€320 | +820% |
| Recurring financial charges | 65 | €39 | €360 | +€320 | +820% |
| Profit (loss) for the period before taxes | 9903 | €40,168 | €68,734 | +€28,566 | +71.1% |
| Income taxes | 67/77 | €8,338 | €14,948 | +€6,610 | +79.3% |
| Profit (loss) for the period | 9904 | €31,830 | €53,786 | +€21,957 | +69.0% |
| Profit (loss) for the period to be appropriated | 9905 | €31,830 | €53,786 | +€21,957 | +69.0% |
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 13 October 2026 via checked.be.