Paelu: 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.
Paelu
Largest movements
- Receivables within one year -€4,118
down €4,118 (-58.4%), from €7,050 to €2,932
of which Trade receivables: -€4,205
- Cash +€2,764
up €2,764 (+14.7%), from €18,775 to €21,539
mainly Receivables within one year (+€4,118) and Depreciation (+€462)
- Tangible fixed assets -€462
down €462 (-21.8%), from €2,122 to €1,659
- Profit (loss) carried forward -€1,522
down €1,522 (-11.1%), from -€13,775 to -€15,297
- Trade debts -€294
down €294 (-21.2%), from €1,387 to €1,094
- Gross operating margin -€10,890
down €10,890, from €9,923 to -€966
- Other operating charges -€707
no longer reported in 2025 (was €707)
- Depreciation +€272
up €272 (+143.3%), from €190 to €462
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.
Cash bridge derived
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 | €27,946 | €26,130 | -€1,816 | -6.5% |
| Fixed assets | 21/28 | €2,122 | €1,659 | -€462 | -21.8% |
| Tangible fixed assets | 22/27 | €2,122 | €1,659 | -€462 | -21.8% |
| Plant, machinery and equipment | 23 | €2,122 | €1,659 | -€462 | -21.8% |
| Current assets | 29/58 | €25,824 | €24,471 | -€1,354 | -5.2% |
| Amounts receivable within one year | 40/41 | €7,050 | €2,932 | -€4,118 | -58.4% |
| Trade receivables | 40 | €4,205 | - | -€4,205 | |
| Other amounts receivable | 41 | €2,845 | €2,932 | +€87 | +3.1% |
| Cash at bank and in hand | 54/58 | €18,775 | €21,539 | +€2,764 | +14.7% |
| Total equity and liabilities | 10/49 | €27,946 | €26,130 | -€1,816 | -6.5% |
| Equity | 10/15 | €26,225 | €24,703 | -€1,522 | -5.8% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,775 | -€15,297 | -€1,522 | -11.1% |
| Amounts payable | 17/49 | €1,721 | €1,427 | -€294 | -17.1% |
| Amounts payable after more than one year | 17 | €333 | €333 | = | 0.0% |
| Other amounts payable | 178/9 | €333 | €333 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,387 | €1,094 | -€294 | -21.2% |
| Trade debts | 44 | €1,387 | €1,094 | -€294 | -21.2% |
| Suppliers | 440/4 | €1,387 | €1,094 | -€294 | -21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €190 | €462 | +€272 | +143.3% |
| Other operating charges | 640/8 | €707 | - | -€707 | |
| Gross operating margin | 9900 | €9,923 | -€966 | -€10,890 | |
| Operating profit (loss) | 9901 | €9,026 | -€1,428 | -€10,455 | |
| Financial charges | 65/66B | €167 | €94 | -€73 | -43.9% |
| Recurring financial charges | 65 | €167 | €94 | -€73 | -43.9% |
| Profit (loss) for the period before taxes | 9903 | €8,860 | -€1,522 | -€10,382 | |
| Profit (loss) for the period | 9904 | €8,860 | -€1,522 | -€10,382 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,860 | -€1,522 | -€10,382 |
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 12 October 2026 via checked.be.