Paradox Academy: 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.
Paradox Academy
Largest movements
- Current investments +€80,452
up €80,452 (+134%), from €60,000 to €140,452
- Cash -€28,914
down €28,914 (-40.2%), from €71,995 to €43,080
mainly Current investments (-€80,452) and Other debts (-€3,455)
- Receivables within one year -€19,649
down €19,649 (-84.5%), from €23,249 to €3,600
of which Trade receivables: -€18,850
- Tangible fixed assets -€11,567
down €11,567 (-23.1%), from €50,143 to €38,576
of which Furniture and vehicles: -€10,759
- Reserves +€29,993
up €29,993 (+18.2%), from €164,566 to €194,559
- Other debts -€3,455
down €3,455 (-15.4%), from €22,441 to €18,986
- Trade debts -€3,219
down €3,219 (-96.7%), from €3,328 to €109
- Tax, wage and social debts -€2,997
down €2,997 (-64.4%), from €4,651 to €1,655
- Gross operating margin -€30,684
down €30,684 (-34.9%), from €87,955 to €57,271
- Taxes -€8,819
down €8,819 (-35.8%), from €24,634 to €15,815
- Financial income +€1,859
up €1,859 (+204,296%), from €1 to €1,860
- Depreciation +€1,175
up €1,175 (+10.2%), from €11,492 to €12,667
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 | €207,386 | €227,708 | +€20,321 | +9.8% |
| Fixed assets | 21/28 | €52,143 | €40,576 | -€11,567 | -22.2% |
| Tangible fixed assets | 22/27 | €50,143 | €38,576 | -€11,567 | -23.1% |
| Furniture and vehicles | 24 | €46,735 | €35,976 | -€10,759 | -23.0% |
| Other tangible fixed assets | 26 | €3,408 | €2,600 | -€808 | -23.7% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €155,244 | €187,132 | +€31,888 | +20.5% |
| Amounts receivable within one year | 40/41 | €23,249 | €3,600 | -€19,649 | -84.5% |
| Trade receivables | 40 | €22,450 | €3,600 | -€18,850 | -84.0% |
| Other amounts receivable | 41 | €799 | - | -€799 | |
| Current investments | 50/53 | €60,000 | €140,452 | +€80,452 | +134% |
| Cash at bank and in hand | 54/58 | €71,995 | €43,080 | -€28,914 | -40.2% |
| Total equity and liabilities | 10/49 | €207,386 | €227,708 | +€20,321 | +9.8% |
| Equity | 10/15 | €176,966 | €206,959 | +€29,993 | +16.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €164,566 | €194,559 | +€29,993 | +18.2% |
| Distributable reserves | 133 | €164,566 | €194,559 | +€29,993 | +18.2% |
| Amounts payable | 17/49 | €30,421 | €20,749 | -€9,671 | -31.8% |
| Amounts payable within one year | 42/48 | €30,421 | €20,749 | -€9,671 | -31.8% |
| Trade debts | 44 | €3,328 | €109 | -€3,219 | -96.7% |
| Suppliers | 440/4 | €3,328 | €109 | -€3,219 | -96.7% |
| Taxes, remuneration and social security | 45 | €4,651 | €1,655 | -€2,997 | -64.4% |
| Taxes | 450/3 | €4,651 | €1,655 | -€2,997 | -64.4% |
| Other amounts payable | 47/48 | €22,441 | €18,986 | -€3,455 | -15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,492 | €12,667 | +€1,175 | +10.2% |
| Other operating charges | 640/8 | €555 | €571 | +€16 | +2.9% |
| Gross operating margin | 9900 | €87,955 | €57,271 | -€30,684 | -34.9% |
| Operating profit (loss) | 9901 | €75,908 | €44,033 | -€31,876 | -42.0% |
| Financial income | 75/76B | €1 | €1,860 | +€1,859 | +204,296% |
| Recurring financial income | 75 | €1 | €1,860 | +€1,859 | +204,296% |
| Financial charges | 65/66B | €99 | €85 | -€13 | -13.6% |
| Recurring financial charges | 65 | €99 | €85 | -€13 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €75,811 | €45,808 | -€30,003 | -39.6% |
| Income taxes | 67/77 | €24,634 | €15,815 | -€8,819 | -35.8% |
| Profit (loss) for the period | 9904 | €51,177 | €29,993 | -€21,184 | -41.4% |
| Profit (loss) for the period to be appropriated | 9905 | €51,177 | €29,993 | -€21,184 | -41.4% |
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 19 October 2026 via checked.be.