PAQUET: 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.
PAQUET
Largest movements
- Tangible fixed assets -€11,500
down €11,500 (-36.4%), from €31,603 to €20,103
of which Furniture and vehicles: -€6,999
- Receivables within one year +€2,059
up €2,059 (+73.6%), from €2,799 to €4,858
of which Trade receivables: +€1,595
- Cash +€448
up €448 (+7.6%), from €5,917 to €6,365
mainly Depreciation (+€11,500) and Trade debts (+€1,289)
- Profit (loss) carried forward -€5,661
down €5,661 (-254%), from -€2,233 to -€7,894
- Debts after one year -€3,282
down €3,282 (-64.0%), from €5,129 to €1,847
- Other debts -€1,339
down €1,339 (-4.6%), from €29,241 to €27,902
- Trade debts +€1,289
up €1,289 (+69.9%), from €1,843 to €3,132
- Turnover +€4,657
up €4,657 (+13.2%), from €35,170 to €39,827
- Purchases and services +€4,057
up €4,057 (+13.8%), from €29,500 to €33,557
- Financial charges -€1,810
down €1,810 (-89.3%), from €2,027 to €217
of which Non-recurring financial charges: -€1,738
- Gross operating margin +€599
up €599 (+10.6%), from €5,670 to €6,269
- Depreciation -€400
down €400 (-3.4%), from €11,900 to €11,500
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 | €40,319 | €31,326 | -€8,993 | -22.3% |
| Fixed assets | 21/28 | €31,603 | €20,103 | -€11,500 | -36.4% |
| Tangible fixed assets | 22/27 | €31,603 | €20,103 | -€11,500 | -36.4% |
| Furniture and vehicles | 24 | €10,499 | €3,500 | -€6,999 | -66.7% |
| Other tangible fixed assets | 26 | €21,104 | €16,603 | -€4,501 | -21.3% |
| Current assets | 29/58 | €8,716 | €11,223 | +€2,507 | +28.8% |
| Amounts receivable within one year | 40/41 | €2,799 | €4,858 | +€2,059 | +73.6% |
| Trade receivables | 40 | €2,799 | €4,394 | +€1,595 | +57.0% |
| Other amounts receivable | 41 | - | €464 | +€464 | |
| Cash at bank and in hand | 54/58 | €5,917 | €6,365 | +€448 | +7.6% |
| Total equity and liabilities | 10/49 | €40,319 | €31,326 | -€8,993 | -22.3% |
| Equity | 10/15 | €4,106 | -€1,555 | -€5,661 | |
| Contributions | 10/11 | - | €0 | = | |
| Reserves | 13 | €6,339 | €6,339 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €4,479 | €4,479 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,233 | -€7,894 | -€5,661 | -254% |
| Amounts payable | 17/49 | €36,213 | €32,881 | -€3,332 | -9.2% |
| Amounts payable after more than one year | 17 | €5,129 | €1,847 | -€3,282 | -64.0% |
| Financial debts | 170/4 | €5,129 | €1,847 | -€3,282 | -64.0% |
| Amounts payable within one year | 42/48 | €31,084 | €31,034 | -€50 | -0.2% |
| Trade debts | 44 | €1,843 | €3,132 | +€1,289 | +69.9% |
| Suppliers | 440/4 | €1,843 | €3,132 | +€1,289 | +69.9% |
| Other amounts payable | 47/48 | €29,241 | €27,902 | -€1,339 | -4.6% |
| Turnover | 70 | €35,170 | €39,827 | +€4,657 | +13.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €29,500 | €33,557 | +€4,057 | +13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,900 | €11,500 | -€400 | -3.4% |
| Other operating charges | 640/8 | - | €213 | +€213 | |
| Gross operating margin | 9900 | €5,670 | €6,269 | +€599 | +10.6% |
| Operating profit (loss) | 9901 | -€6,230 | -€5,444 | +€786 | +12.6% |
| Financial charges | 65/66B | €2,027 | €217 | -€1,810 | -89.3% |
| Recurring financial charges | 65 | €289 | €217 | -€72 | -24.9% |
| Non-recurring financial charges | 66B | €1,738 | - | -€1,738 | |
| Profit (loss) for the period before taxes | 9903 | -€8,257 | -€5,661 | +€2,596 | +31.4% |
| Profit (loss) for the period | 9904 | -€8,257 | -€5,661 | +€2,596 | +31.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,257 | -€5,661 | +€2,596 | +31.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.