PAQUIN Philippe: 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.
PAQUIN Philippe
Largest movements
- Tangible fixed assets +€7,030
up €7,030 (+111%), from €6,327 to €13,357
- Cash -€5,715
down €5,715 (-35.7%), from €16,005 to €10,291
mainly Investment in fixed assets (net) (-€10,906) and Receivables within one year (-€4,086)
- Receivables within one year +€4,086
up €4,086 (+956%), from €428 to €4,514
- Profit (loss) carried forward +€2,390
up €2,390 (+59.0%), from -€4,052 to -€1,661
- Other debts +€1,762
up €1,762 (+8.7%), from €20,238 to €22,000
- Trade debts +€1,322
up €1,322 (+183%), from €722 to €2,044
- Gross operating margin -€4,462
down €4,462 (-27.7%), from €16,081 to €11,620
- Depreciation -€721
down €721 (-15.7%), from €4,597 to €3,876
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 | €23,233 | €28,707 | +€5,474 | +23.6% |
| Fixed assets | 21/28 | €6,327 | €13,357 | +€7,030 | +111% |
| Tangible fixed assets | 22/27 | €6,327 | €13,357 | +€7,030 | +111% |
| Plant, machinery and equipment | 23 | €6,327 | €13,357 | +€7,030 | +111% |
| Current assets | 29/58 | €16,906 | €15,350 | -€1,556 | -9.2% |
| Stocks and contracts in progress | 3 | €473 | €545 | +€73 | +15.3% |
| Stocks | 30/36 | €473 | €545 | +€73 | +15.3% |
| Amounts receivable within one year | 40/41 | €428 | €4,514 | +€4,086 | +956% |
| Other amounts receivable | 41 | €428 | €4,514 | +€4,086 | +956% |
| Cash at bank and in hand | 54/58 | €16,005 | €10,291 | -€5,715 | -35.7% |
| Total equity and liabilities | 10/49 | €23,233 | €28,707 | +€5,474 | +23.6% |
| Equity | 10/15 | €2,272 | €4,662 | +€2,390 | +105% |
| Contributions | 10/11 | €6,324 | €6,324 | = | 0.0% |
| Capital | 10 | - | €6,324 | +€6,324 | |
| Issued capital | 100 | - | €6,324 | +€6,324 | |
| Profit (loss) carried forward | 14 | -€4,052 | -€1,661 | +€2,390 | +59.0% |
| Amounts payable | 17/49 | €20,961 | €24,045 | +€3,084 | +14.7% |
| Amounts payable within one year | 42/48 | €20,961 | €24,045 | +€3,084 | +14.7% |
| Trade debts | 44 | €722 | €2,044 | +€1,322 | +183% |
| Suppliers | 440/4 | €722 | €2,044 | +€1,322 | +183% |
| Other amounts payable | 47/48 | €20,238 | €22,000 | +€1,762 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,597 | €3,876 | -€721 | -15.7% |
| Non-recurring operating charges | 66A | - | €169 | +€169 | |
| Gross operating margin | 9900 | €16,081 | €11,620 | -€4,462 | -27.7% |
| Operating profit (loss) | 9901 | €11,484 | €7,575 | -€3,909 | -34.0% |
| Financial charges | 65/66B | €140 | - | -€140 | |
| Recurring financial charges | 65 | €140 | - | -€140 | |
| Profit (loss) for the period before taxes | 9903 | €11,344 | €7,575 | -€3,769 | -33.2% |
| Transfer to deferred taxes | 680 | - | €5,184 | +€5,184 | |
| Profit (loss) for the period | 9904 | €11,344 | €2,390 | -€8,953 | -78.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,344 | €2,390 | -€8,953 | -78.9% |
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.