PADDLEFISH: what changed
What changed
PADDLEFISH
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€50,197
2024 · €31,841+€18,357
Equity
€58,161
2024 · €58,161
Cash
€45,432
2024 · €45,966-€534
Balance sheet total
€156,542
2024 · €66,321+€90,220
Largest movements
Assets
- Tangible fixed assets +€48,545
up €48,545 (+1,480%), from €3,280 to €51,826
of which Other tangible fixed assets: +€41,508
- Receivables within one year +€41,104
up €41,104 (+255%), from €16,101 to €57,204
of which Other amounts receivable: +€39,873
Equity and liabilities
- Other debts +€50,197
up €50,197, from €0 to €50,197
- Debts after one year +€23,475
new in 2025: €23,475
- Current portion of long-term debt +€9,622
new in 2025: €9,622
- Tax, wage and social debts +€5,097
up €5,097 (+73.0%), from €6,984 to €12,081
- Trade debts +€1,797
up €1,797 (+153%), from €1,176 to €2,974
Income statement
- Gross operating margin +€28,902
up €28,902 (+66.8%), from €43,274 to €72,176
- Taxes +€6,294
up €6,294 (+72.3%), from €8,706 to €15,000
- Depreciation +€3,247
up €3,247 (+1,021%), from €318 to €3,565
- Financial charges +€777
up €777 (+40.6%), from €1,914 to €2,691
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
€31,841
Gross operating margin
+€28,902
Depreciation
-€3,247
Other operating charges
-€515
Financial income
+€287
Financial charges
-€777
Taxes
-€6,294
Result 2025
€50,197
raises the resultlowers the result
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
+€68,676
Investment
-€52,110
Financing
-€17,100
Cash 2024
€45,966
From operations (derived)
+€68,676
Net result for the year
+€50,197
Depreciation
+€3,565
Receivables within one year
-€41,104
Deferred charges and accrued income
-€1,105
Trade debts
+€1,797
Tax, wage and social debts
+€5,097
Other debts
+€50,197
Accrued charges and deferred income
+€32
Investment (derived)
-€52,110
Investment in fixed assets (net)
-€52,110
Financing
-€17,100
Debts after one year
+€23,475
Current portion of long-term debt
+€9,622
Contributions, distributions and other
-€50,197
Cash 2025
€45,432
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €66,321 | €156,542 | +€90,220 | +136% |
| Fixed assets | 21/28 | €3,280 | €51,826 | +€48,545 | +1,480% |
| Tangible fixed assets | 22/27 | €3,280 | €51,826 | +€48,545 | +1,480% |
| Furniture and vehicles | 24 | €1,949 | €8,987 | +€7,038 | +361% |
| Other tangible fixed assets | 26 | €1,331 | €42,838 | +€41,508 | +3,119% |
| Current assets | 29/58 | €63,041 | €104,716 | +€41,675 | +66.1% |
| Amounts receivable within one year | 40/41 | €16,101 | €57,204 | +€41,104 | +255% |
| Trade receivables | 40 | €13,788 | €15,019 | +€1,231 | +8.9% |
| Other amounts receivable | 41 | €2,313 | €42,185 | +€39,873 | +1,724% |
| Cash at bank and in hand | 54/58 | €45,966 | €45,432 | -€534 | -1.2% |
| Deferred charges and accrued income | 490/1 | €974 | €2,079 | +€1,105 | +113% |
| Total equity and liabilities | 10/49 | €66,321 | €156,542 | +€90,220 | +136% |
| Equity | 10/15 | €58,161 | €58,161 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €56,161 | €56,161 | = | 0.0% |
| Distributable reserves | 133 | €56,161 | €56,161 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €8,160 | €98,381 | +€90,220 | +1,106% |
| Amounts payable after more than one year | 17 | - | €23,475 | +€23,475 | |
| Financial debts | 170/4 | - | €23,475 | +€23,475 | |
| Amounts payable within one year | 42/48 | €8,160 | €74,874 | +€66,713 | +818% |
| Current portion of amounts payable after more than one year | 42 | - | €9,622 | +€9,622 | |
| Trade debts | 44 | €1,176 | €2,974 | +€1,797 | +153% |
| Suppliers | 440/4 | €1,176 | €2,974 | +€1,797 | +153% |
| Taxes, remuneration and social security | 45 | €6,984 | €12,081 | +€5,097 | +73.0% |
| Taxes | 450/3 | €6,984 | €12,081 | +€5,097 | +73.0% |
| Other amounts payable | 47/48 | €0 | €50,197 | +€50,197 | |
| Accrued charges and deferred income | 492/3 | - | €32 | +€32 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €318 | €3,565 | +€3,247 | +1,021% |
| Other operating charges | 640/8 | €495 | €1,010 | +€515 | +104% |
| Gross operating margin | 9900 | €43,274 | €72,176 | +€28,902 | +66.8% |
| Operating profit (loss) | 9901 | €42,461 | €67,601 | +€25,140 | +59.2% |
| Financial income | 75/76B | €0 | €287 | +€287 | |
| Recurring financial income | 75 | €0 | €287 | +€287 | |
| Financial charges | 65/66B | €1,914 | €2,691 | +€777 | +40.6% |
| Recurring financial charges | 65 | €1,914 | €2,691 | +€777 | +40.6% |
| Profit (loss) for the period before taxes | 9903 | €40,547 | €65,197 | +€24,650 | +60.8% |
| Income taxes | 67/77 | €8,706 | €15,000 | +€6,294 | +72.3% |
| Profit (loss) for the period | 9904 | €31,841 | €50,197 | +€18,357 | +57.7% |
| Profit (loss) for the period to be appropriated | 9905 | €31,841 | €50,197 | +€18,357 | +57.7% |
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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 2 November 2026 via checked.be.