LUC PAUWEN: what changed
What changed
LUC PAUWEN
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€36,127
2024 · €69,714-€33,587
Equity
€806,074
2024 · €869,947-€63,873
Cash
€49,943
2024 · €95,266-€45,323
Balance sheet total
€998,827
2024 · €1.2m-€172,128
Largest movements
Assets
- Current investments -€108,542
down €108,542 (-10.3%), from €1.1m to €944,205
- Cash -€45,323
down €45,323 (-47.6%), from €95,266 to €49,943
mainly Contributions, distributions and other (-€100,000) and Other debts (-€92,570)
- Receivables within one year -€15,231
down €15,231 (-86.1%), from €17,682 to €2,451
of which Trade receivables: -€14,925
Equity and liabilities
- Other debts -€92,570
down €92,570 (-34.0%), from €272,270 to €179,701
- Reserves -€64,000
down €64,000 (-11.3%), from €567,197 to €503,197
of which Distributable reserves: -€64,000
Income statement
- Gross operating margin -€105,949
down €105,949, from €79,016 to -€26,933
- Financial income +€46,225
up €46,225 (+206%), from €22,476 to €68,702
- Taxes -€24,429
down €24,429 (-87.2%), from €28,029 to €3,600
- Other operating charges -€1,848
down €1,848 (-67.3%), from €2,747 to €899
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.
Result 2024
€69,714
Gross operating margin
-€105,949
Depreciation
+€140
Other operating charges
+€1,848
Other operating items
-€313
Financial income
+€46,225
Financial charges
+€33
Taxes
+€24,429
Result 2025
€36,127
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€54,179
Investment
+€108,856
Financing
-€100,000
Cash 2024
€95,266
From operations (derived)
-€54,179
Net result for the year
+€36,127
Depreciation
+€779
Stocks and contracts
+€656
Receivables within one year
+€15,231
Deferred charges and accrued income
+€1,283
Trade debts
-€7,441
Tax, wage and social debts
-€8,215
Other debts
-€92,570
Accrued charges and deferred income
-€30
Investment (derived)
+€108,856
Investment in fixed assets (net)
+€313
Current investments
+€108,542
Financing
-€100,000
Contributions, distributions and other
-€100,000
Cash 2025
€49,943
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,170,955 | €998,827 | -€172,128 | -14.7% |
| Fixed assets | 21/28 | €3,320 | €2,227 | -€1,093 | -32.9% |
| Tangible fixed assets | 22/27 | €3,271 | €2,178 | -€1,093 | -33.4% |
| Plant, machinery and equipment | 23 | €2,957 | €2,178 | -€779 | -26.4% |
| Furniture and vehicles | 24 | €313 | €0 | -€313 | -100% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €1,167,635 | €996,599 | -€171,035 | -14.6% |
| Stocks and contracts in progress | 3 | €656 | €0 | -€656 | -100% |
| Stocks | 30/36 | €656 | €0 | -€656 | -100% |
| Amounts receivable within one year | 40/41 | €17,682 | €2,451 | -€15,231 | -86.1% |
| Trade receivables | 40 | €17,264 | €2,339 | -€14,925 | -86.5% |
| Other amounts receivable | 41 | €418 | €112 | -€306 | -73.1% |
| Current investments | 50/53 | €1,052,748 | €944,205 | -€108,542 | -10.3% |
| Cash at bank and in hand | 54/58 | €95,266 | €49,943 | -€45,323 | -47.6% |
| Deferred charges and accrued income | 490/1 | €1,283 | €0 | -€1,283 | -100% |
| Total equity and liabilities | 10/49 | €1,170,955 | €998,827 | -€172,128 | -14.7% |
| Equity | 10/15 | €869,947 | €806,074 | -€63,873 | -7.3% |
| Contributions | 10/11 | €29,460 | €29,460 | = | 0.0% |
| Reserves | 13 | €567,197 | €503,197 | -€64,000 | -11.3% |
| Tax-exempt reserves | 132 | €46,697 | €46,697 | = | 0.0% |
| Distributable reserves | 133 | €520,500 | €456,500 | -€64,000 | -12.3% |
| Profit (loss) carried forward | 14 | €273,290 | €273,416 | +€127 | 0.0% |
| Amounts payable | 17/49 | €301,008 | €192,753 | -€108,255 | -36.0% |
| Amounts payable within one year | 42/48 | €300,978 | €192,753 | -€108,225 | -36.0% |
| Trade debts | 44 | €8,598 | €1,157 | -€7,441 | -86.5% |
| Suppliers | 440/4 | €8,598 | €1,157 | -€7,441 | -86.5% |
| Taxes, remuneration and social security | 45 | €20,110 | €11,896 | -€8,215 | -40.8% |
| Taxes | 450/3 | €19,110 | €10,896 | -€8,215 | -43.0% |
| Remuneration and social security | 454/9 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 47/48 | €272,270 | €179,701 | -€92,570 | -34.0% |
| Accrued charges and deferred income | 492/3 | €30 | €0 | -€30 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €919 | €779 | -€140 | -15.2% |
| Other operating charges | 640/8 | €2,747 | €899 | -€1,848 | -67.3% |
| Non-recurring operating charges | 66A | - | €313 | +€313 | |
| Gross operating margin | 9900 | €79,016 | -€26,933 | -€105,949 | |
| Operating profit (loss) | 9901 | €75,350 | -€28,925 | -€104,275 | |
| Financial income | 75/76B | €22,476 | €68,702 | +€46,225 | +206% |
| Recurring financial income | 75 | €22,476 | €68,702 | +€46,225 | +206% |
| Financial charges | 65/66B | €83 | €50 | -€33 | -39.7% |
| Recurring financial charges | 65 | €83 | €50 | -€33 | -39.7% |
| Profit (loss) for the period before taxes | 9903 | €97,743 | €39,727 | -€58,016 | -59.4% |
| Income taxes | 67/77 | €28,029 | €3,600 | -€24,429 | -87.2% |
| Profit (loss) for the period | 9904 | €69,714 | €36,127 | -€33,587 | -48.2% |
| Profit (loss) for the period to be appropriated | 9905 | €69,714 | €36,127 | -€33,587 | -48.2% |
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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 5 November 2026 via checked.be.