Paalsteen: 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.
Paalsteen
Largest movements
- Receivables within one year -€18,716
down €18,716 (-50.8%), from €36,822 to €18,105
of which Trade receivables: -€18,686
- Cash +€16,206
up €16,206 (+69.0%), from €23,470 to €39,676
mainly Receivables within one year (+€18,716) and Other debts (+€9,316)
- Stocks and contracts -€2,737
down €2,737 (-22.1%), from €12,385 to €9,648
- Trade debts -€14,573
down €14,573 (-85.5%), from €17,053 to €2,480
- Other debts +€9,316
up €9,316 (+23.0%), from €40,526 to €49,842
- Accrued charges and deferred income -€4,405
down €4,405 (-97.6%), from €4,515 to €110
- Tax, wage and social debts +€2,347
up €2,347 (+396%), from €593 to €2,940
- Reserves +€1,986
up €1,986 (+40.5%), from €4,897 to €6,883
- Gross operating margin -€8,689
down €8,689 (-57.6%), from €15,085 to €6,396
- Taxes +€460
up €460 (+247%), from €187 to €647
- Other operating charges -€414
down €414 (-38.9%), from €1,063 to €649
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 | €73,584 | €68,255 | -€5,329 | -7.2% |
| Fixed assets | 21/28 | €637 | €532 | -€105 | -16.5% |
| Tangible fixed assets | 22/27 | €637 | €532 | -€105 | -16.5% |
| Plant, machinery and equipment | 23 | €637 | €532 | -€105 | -16.5% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €72,947 | €67,723 | -€5,224 | -7.2% |
| Stocks and contracts in progress | 3 | €12,385 | €9,648 | -€2,737 | -22.1% |
| Stocks | 30/36 | €12,385 | €9,648 | -€2,737 | -22.1% |
| Amounts receivable within one year | 40/41 | €36,822 | €18,105 | -€18,716 | -50.8% |
| Trade receivables | 40 | €35,973 | €17,288 | -€18,686 | -51.9% |
| Other amounts receivable | 41 | €848 | €818 | -€31 | -3.6% |
| Cash at bank and in hand | 54/58 | €23,470 | €39,676 | +€16,206 | +69.0% |
| Deferred charges and accrued income | 490/1 | €271 | €294 | +€23 | +8.5% |
| Total equity and liabilities | 10/49 | €73,584 | €68,255 | -€5,329 | -7.2% |
| Equity | 10/15 | €10,897 | €12,883 | +€1,986 | +18.2% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €4,897 | €6,883 | +€1,986 | +40.5% |
| Distributable reserves | 133 | €4,897 | €6,883 | +€1,986 | +40.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €62,687 | €55,372 | -€7,315 | -11.7% |
| Amounts payable within one year | 42/48 | €58,172 | €55,262 | -€2,910 | -5.0% |
| Trade debts | 44 | €17,053 | €2,480 | -€14,573 | -85.5% |
| Suppliers | 440/4 | €17,053 | €2,480 | -€14,573 | -85.5% |
| Taxes, remuneration and social security | 45 | €593 | €2,940 | +€2,347 | +396% |
| Taxes | 450/3 | €593 | €2,940 | +€2,347 | +396% |
| Other amounts payable | 47/48 | €40,526 | €49,842 | +€9,316 | +23.0% |
| Accrued charges and deferred income | 492/3 | €4,515 | €110 | -€4,405 | -97.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €155 | €105 | -€50 | -32.3% |
| Other operating charges | 640/8 | €1,063 | €649 | -€414 | -38.9% |
| Gross operating margin | 9900 | €15,085 | €6,396 | -€8,689 | -57.6% |
| Operating profit (loss) | 9901 | €13,867 | €5,642 | -€8,225 | -59.3% |
| Financial income | 75/76B | €155 | €150 | -€5 | -3.1% |
| Recurring financial income | 75 | €155 | €150 | -€5 | -3.1% |
| Financial charges | 65/66B | €3,293 | €3,160 | -€134 | -4.1% |
| Recurring financial charges | 65 | €3,293 | €3,160 | -€134 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €10,729 | €2,632 | -€8,096 | -75.5% |
| Income taxes | 67/77 | €187 | €647 | +€460 | +247% |
| Profit (loss) for the period | 9904 | €10,542 | €1,986 | -€8,556 | -81.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,542 | €1,986 | -€8,556 | -81.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.