PAOLO: what changed
Two fiscal 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.
PAOLO
Largest movements
- Receivables within one year -€61,166
no longer reported in 2024 (was €61,166)
- Cash +€24,829
up €24,829 (+29.1%), from €85,214 to €110,042
mainly Receivables within one year (+€61,166) and Net result for the year (+€30,848)
- Tangible fixed assets -€20,151
down €20,151 (-11.4%), from €177,098 to €156,947
of which Land and buildings: -€13,544
- Reserves -€88,547
down €88,547 (-68.6%), from €129,121 to €40,575
of which Distributable reserves: -€88,547
- Other debts +€24,252
new in 2024: €24,252
- Tax, wage and social debts +€4,174
new in 2024: €4,174
- Profit (loss) carried forward +€3,979
no longer reported in 2024 (was -€3,979)
- Gross operating margin +€11,860
up €11,860 (+22.3%), from €53,241 to €65,101
- Taxes +€10,174
new in 2024: €10,174
- Other operating charges +€4,239
up €4,239 (+246.7%), from €1,719 to €5,958
- Financial income -€998
down €998 (-30.9%), from €3,225 to €2,227
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €325,825 | €269,374 | -€56,451 | -17.3% |
| Fixed assets | 21/28 | €177,098 | €156,947 | -€20,151 | -11.4% |
| Tangible fixed assets | 22/27 | €177,098 | €156,947 | -€20,151 | -11.4% |
| Land and buildings | 22 | €140,733 | €127,189 | -€13,544 | -9.6% |
| Other tangible fixed assets | 26 | €36,365 | €29,758 | -€6,607 | -18.2% |
| Current assets | 29/58 | €148,727 | €112,427 | -€36,300 | -24.4% |
| Amounts receivable within one year | 40/41 | €61,166 | - | -€61,166 | |
| Other amounts receivable | 41 | €61,166 | - | -€61,166 | |
| Cash at bank and in hand | 54/58 | €85,214 | €110,042 | +€24,829 | +29.1% |
| Deferred charges and accrued income | 490/1 | €2,347 | €2,384 | +€37 | +1.6% |
| Total equity and liabilities | 10/49 | €325,825 | €269,374 | -€56,451 | -17.3% |
| Equity | 10/15 | €319,144 | €234,577 | -€84,567 | -26.5% |
| Contributions | 10/11 | €194,002 | €194,002 | = | 0.0% |
| Reserves | 13 | €129,121 | €40,575 | -€88,547 | -68.6% |
| Non-distributable reserves | 130/1 | €9,079 | €9,079 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,079 | €9,079 | = | 0.0% |
| Distributable reserves | 133 | €120,042 | €31,496 | -€88,547 | -73.8% |
| Profit (loss) carried forward | 14 | -€3,979 | - | +€3,979 | |
| Amounts payable | 17/49 | €6,681 | €34,797 | +€28,116 | +420.8% |
| Amounts payable within one year | 42/48 | €1,180 | €29,085 | +€27,905 | +2365.4% |
| Trade debts | 44 | €1,180 | €659 | -€520 | -44.1% |
| Suppliers | 440/4 | €1,180 | €659 | -€520 | -44.1% |
| Taxes, remuneration and social security | 45 | - | €4,174 | +€4,174 | |
| Taxes | 450/3 | - | €4,174 | +€4,174 | |
| Other amounts payable | 47/48 | - | €24,252 | +€24,252 | |
| Accrued charges and deferred income | 492/3 | €5,502 | €5,713 | +€211 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,151 | €20,151 | = | 0.0% |
| Other operating charges | 640/8 | €1,719 | €5,958 | +€4,239 | +246.7% |
| Gross operating margin | 9900 | €53,241 | €65,101 | +€11,860 | +22.3% |
| Operating profit (loss) | 9901 | €31,371 | €38,992 | +€7,621 | +24.3% |
| Financial income | 75/76B | €3,225 | €2,227 | -€998 | -30.9% |
| Recurring financial income | 75 | €3,225 | €2,227 | -€998 | -30.9% |
| Financial charges | 65/66B | €194 | €198 | +€3 | +1.7% |
| Recurring financial charges | 65 | €194 | €198 | +€3 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | €34,402 | €41,022 | +€6,620 | +19.2% |
| Income taxes | 67/77 | - | €10,174 | +€10,174 | |
| Profit (loss) for the period | 9904 | €34,402 | €30,848 | -€3,554 | -10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €34,402 | €30,848 | -€3,554 | -10.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.