PAU: 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.
What changed
PAU
NACE 62.200, Computer consultancy and computer facilities management
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€256,922
2024 · -€48,427-€208,495
Equity
€411,278
2024 · €318,200+€93,078
Cash
€430,796
2024 · €457,587-€26,791
Balance sheet total
€3.2m
2024 · €4.4m-€1.1m
Largest movements
Assets
- Receivables within one year -€486,667
down €486,667 (-37.4%), from €1.3m to €816,265
of which Trade receivables: -€476,418
- Intangible fixed assets -€347,045
down €347,045 (-58.2%), from €596,771 to €249,726
- Tangible fixed assets -€247,796
down €247,796 (-79.0%), from €313,744 to €65,948
of which Land and buildings: -€226,466
- Deferred charges and accrued income -€94,621
down €94,621 (-88.9%), from €106,434 to €11,813
- Receivables after one year +€61,765
up €61,765 (+5.8%), from €1.1m to €1.1m
Equity and liabilities
- Debts after one year -€595,584
down €595,584 (-98.8%), from €603,114 to €7,530
of which Other amounts payable: -€517,110
- Trade debts -€506,648
down €506,648 (-48.0%), from €1.1m to €548,358
- Contributions +€350,000
up €350,000 (+569%), from €61,500 to €411,500
- Profit (loss) carried forward -€256,922
down €256,922, from €79,232 to -€177,690
- Tax, wage and social debts -€124,420
down €124,420 (-21.4%), from €580,655 to €456,235
of which Remuneration and social security: -€101,852
Income statement
- Turnover -€1.3m
down €1.3m (-14.7%), from €9.0m to €7.6m
- Services and other goods -€1.1m
down €1.1m (-26.1%), from €4.1m to €3.0m
- Staff costs -€937,452
down €937,452 (-17.5%), from €5.4m to €4.4m
- Other operating income -€858,007
down €858,007 (-75.0%), from €1.1m to €286,701
- Goods and materials -€158,824
down €158,824 (-44.8%), from €354,864 to €196,040
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.
Result 2024
-€48,427
Turnover
-€1.3m
Other operating income
-€858,007
Goods and materials
+€158,824
Services and other goods
+€1.1m
Staff costs
+€937,452
Depreciation
+€6,049
Other operating charges
+€12,463
Other operating items
-€263,875
Financial income
+€2,254
Financial charges
-€16,123
Taxes
+€62,128
Result 2025
-€256,922
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€282,356
Investment
+€448,091
Financing
-€192,526
Cash 2024
€457,587
From operations (derived)
-€282,356
Net result for the year
-€256,922
Depreciation
+€146,750
Receivables after one year
-€61,765
Receivables within one year
+€486,667
Deferred charges and accrued income
+€94,621
Trade debts
-€506,648
Tax, wage and social debts
-€124,420
Other debts
-€3,022
Accrued charges and deferred income
-€57,617
Investment (derived)
+€448,091
Investment in fixed assets (net)
+€448,091
Financing
-€192,526
Debts after one year
-€595,584
Current portion of long-term debt
-€50,058
Short-term financial debts
+€103,116
Contributions, distributions and other
+€350,000
Cash 2025
€430,796
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,370,047 | €3,228,892 | -€1.1m | -26.1% |
| Fixed assets | 21/28 | €1,434,571 | €839,730 | -€594,841 | -41.5% |
| Intangible fixed assets | 21 | €596,771 | €249,726 | -€347,045 | -58.2% |
| Tangible fixed assets | 22/27 | €313,744 | €65,948 | -€247,796 | -79.0% |
| Land and buildings | 22 | €279,798 | €53,332 | -€226,466 | -80.9% |
| Plant, machinery and equipment | 23 | €24,007 | €12,058 | -€11,949 | -49.8% |
| Furniture and vehicles | 24 | €998 | €558 | -€440 | -44.1% |
| Leasing and similar rights | 25 | €8,941 | €0 | -€8,941 | -100% |
| Financial fixed assets | 28 | €524,056 | €524,056 | = | 0.0% |
| Affiliated companies | 280/1 | €394,016 | €394,016 | = | 0.0% |
| Participating interests | 280 | €394,016 | €394,016 | = | 0.0% |
| Other financial fixed assets | 284/8 | €130,040 | €130,040 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €130,040 | €130,040 | = | 0.0% |
| Current assets | 29/58 | €2,935,477 | €2,389,163 | -€546,314 | -18.6% |
| Amounts receivable after more than one year | 29 | €1,068,523 | €1,130,289 | +€61,765 | +5.8% |
| Other amounts receivable | 291 | €1,068,523 | €1,130,289 | +€61,765 | +5.8% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €1,302,932 | €816,265 | -€486,667 | -37.4% |
| Trade receivables | 40 | €1,249,431 | €773,013 | -€476,418 | -38.1% |
| Other amounts receivable | 41 | €53,501 | €43,252 | -€10,249 | -19.2% |
| Cash at bank and in hand | 54/58 | €457,587 | €430,796 | -€26,791 | -5.9% |
| Deferred charges and accrued income | 490/1 | €106,434 | €11,813 | -€94,621 | -88.9% |
| Total equity and liabilities | 10/49 | €4,370,047 | €3,228,892 | -€1.1m | -26.1% |
| Equity | 10/15 | €318,200 | €411,278 | +€93,078 | +29.3% |
| Contributions | 10/11 | €61,500 | €411,500 | +€350,000 | +569% |
| Capital | 10 | €61,500 | €411,500 | +€350,000 | +569% |
| Issued capital | 100 | €61,500 | €411,500 | +€350,000 | +569% |
| Reserves | 13 | €177,468 | €177,468 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €171,318 | €171,318 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,232 | -€177,690 | -€256,922 | |
| Amounts payable | 17/49 | €4,051,847 | €2,817,614 | -€1.2m | -30.5% |
| Amounts payable after more than one year | 17 | €603,114 | €7,530 | -€595,584 | -98.8% |
| Financial debts | 170/4 | €86,004 | €7,530 | -€78,474 | -91.2% |
| Leasing and similar obligations | 172 | €0 | - | = | |
| Credit institutions | 173 | €86,004 | €7,530 | -€78,474 | -91.2% |
| Other amounts payable | 178/9 | €517,110 | €0 | -€517,110 | -100% |
| Amounts payable within one year | 42/48 | €3,391,117 | €2,810,084 | -€581,033 | -17.1% |
| Current portion of amounts payable after more than one year | 42 | €128,533 | €78,474 | -€50,058 | -38.9% |
| Financial debts | 43 | €1,581,901 | €1,685,017 | +€103,116 | +6.5% |
| Credit institutions | 430/8 | €1,581,901 | €1,685,017 | +€103,116 | +6.5% |
| Trade debts | 44 | €1,055,006 | €548,358 | -€506,648 | -48.0% |
| Suppliers | 440/4 | €1,055,006 | €548,358 | -€506,648 | -48.0% |
| Taxes, remuneration and social security | 45 | €580,655 | €456,235 | -€124,420 | -21.4% |
| Taxes | 450/3 | €103,061 | €80,493 | -€22,568 | -21.9% |
| Remuneration and social security | 454/9 | €477,594 | €375,742 | -€101,852 | -21.3% |
| Other amounts payable | 47/48 | €45,022 | €42,000 | -€3,022 | -6.7% |
| Accrued charges and deferred income | 492/3 | €57,617 | €0 | -€57,617 | -100% |
| Operating income | 70/76A | €10,149,103 | €7,952,564 | -€2.2m | -21.6% |
| Turnover | 70 | €8,963,626 | €7,646,583 | -€1.3m | -14.7% |
| Own construction capitalised | 72 | €40,770 | €0 | -€40,770 | -100% |
| Other operating income | 74 | €1,144,707 | €286,701 | -€858,007 | -75.0% |
| Non-recurring operating income | 76A | - | €19,281 | +€19,281 | |
| Operating charges | 60/66A | €9,981,177 | €8,041,392 | -€1.9m | -19.4% |
| Goods for resale, raw materials and consumables | 60 | €354,864 | €196,040 | -€158,824 | -44.8% |
| Purchases | 600/8 | €354,864 | €196,040 | -€158,824 | -44.8% |
| Services and other goods | 61 | €4,085,073 | €3,017,691 | -€1.1m | -26.1% |
| Remuneration, social security and pensions | 62 | €5,353,392 | €4,415,940 | -€937,452 | -17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €152,799 | €146,750 | -€6,049 | -4.0% |
| Other operating charges | 640/8 | €35,049 | €22,586 | -€12,463 | -35.6% |
| Non-recurring operating charges | 66A | €0 | €242,386 | +€242,386 | |
| Operating profit (loss) | 9901 | €167,926 | -€88,827 | -€256,754 | |
| Financial income | 75/76B | €39,018 | €41,272 | +€2,254 | +5.8% |
| Recurring financial income | 75 | €38,818 | €41,272 | +€2,454 | +6.3% |
| Income from financial fixed assets | 750 | - | €30,914 | +€30,914 | |
| Income from current assets | 751 | €37,108 | €69 | -€37,039 | -99.8% |
| Other financial income | 752/9 | €1,709 | €10,289 | +€8,580 | +502% |
| Non-recurring financial income | 76B | €200 | €0 | -€200 | -100% |
| Financial charges | 65/66B | €177,581 | €193,704 | +€16,123 | +9.1% |
| Recurring financial charges | 65 | €177,581 | €193,704 | +€16,123 | +9.1% |
| Debt charges | 650 | €164,950 | €185,107 | +€20,157 | +12.2% |
| Other financial charges | 652/9 | €12,631 | €8,597 | -€4,034 | -31.9% |
| Profit (loss) for the period before taxes | 9903 | €29,363 | -€241,259 | -€270,623 | |
| Income taxes | 67/77 | €77,790 | €15,662 | -€62,128 | -79.9% |
| Taxes | 670/3 | €77,790 | €15,662 | -€62,128 | -79.9% |
| Profit (loss) for the period | 9904 | -€48,427 | -€256,922 | -€208,495 | -431% |
| Profit (loss) for the period to be appropriated | 9905 | -€48,427 | -€256,922 | -€208,495 | -431% |
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 16 October 2026 via checked.be.