PAUBRO: 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.
PAUBRO
Largest movements
- Receivables within one year +€61,322
up €61,322 (+14.2%), from €430,645 to €491,967
of which Other amounts receivable: +€130,781
- Cash +€56,370
up €56,370 (+589.2%), from €9,568 to €65,938
mainly Net result for the year (+€118,091) and Tax, wage and social debts (+€4,091)
- Reserves +€110,132
up €110,132 (+27.9%), from €394,932 to €505,063
- Financial income +€11,133
up €11,133 (+195.7%), from €5,688 to €16,821
- Gross operating margin +€8,432
up €8,432 (+5.4%), from €155,466 to €163,898
- Taxes +€7,684
up €7,684 (+15.3%), from €50,387 to €58,071
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.
Cash bridge derived
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 | €452,009 | €566,097 | +€114,088 | +25.2% |
| Fixed assets | 21/28 | €11,796 | €8,191 | -€3,605 | -30.6% |
| Tangible fixed assets | 22/27 | €11,796 | €8,191 | -€3,605 | -30.6% |
| Plant, machinery and equipment | 23 | €708 | €33 | -€675 | -95.3% |
| Furniture and vehicles | 24 | €11,087 | €8,157 | -€2,930 | -26.4% |
| Current assets | 29/58 | €440,213 | €557,906 | +€117,693 | +26.7% |
| Amounts receivable within one year | 40/41 | €430,645 | €491,967 | +€61,322 | +14.2% |
| Trade receivables | 40 | €204,579 | €135,120 | -€69,459 | -34.0% |
| Other amounts receivable | 41 | €226,066 | €356,847 | +€130,781 | +57.9% |
| Cash at bank and in hand | 54/58 | €9,568 | €65,938 | +€56,370 | +589.2% |
| Total equity and liabilities | 10/49 | €452,009 | €566,097 | +€114,088 | +25.2% |
| Equity | 10/15 | €414,932 | €525,063 | +€110,132 | +26.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €394,932 | €505,063 | +€110,132 | +27.9% |
| Distributable reserves | 133 | €394,932 | €505,063 | +€110,132 | +27.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €37,077 | €41,033 | +€3,956 | +10.7% |
| Amounts payable within one year | 42/48 | €36,077 | €40,033 | +€3,956 | +11.0% |
| Trade debts | 44 | €189 | €189 | = | 0.0% |
| Suppliers | 440/4 | €189 | €189 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €27,794 | €31,885 | +€4,091 | +14.7% |
| Taxes | 450/3 | €27,794 | €31,885 | +€4,091 | +14.7% |
| Other amounts payable | 47/48 | €8,095 | €7,959 | -€135 | -1.7% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,829 | €3,605 | -€224 | -5.8% |
| Other operating charges | 640/8 | €806 | €821 | +€15 | +1.9% |
| Gross operating margin | 9900 | €155,466 | €163,898 | +€8,432 | +5.4% |
| Operating profit (loss) | 9901 | €150,832 | €159,472 | +€8,641 | +5.7% |
| Financial income | 75/76B | €5,688 | €16,821 | +€11,133 | +195.7% |
| Recurring financial income | 75 | €5,688 | €16,821 | +€11,133 | +195.7% |
| Financial charges | 65/66B | €130 | €131 | +€1 | +0.8% |
| Recurring financial charges | 65 | €130 | €131 | +€1 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €156,390 | €176,162 | +€19,773 | +12.6% |
| Income taxes | 67/77 | €50,387 | €58,071 | +€7,684 | +15.3% |
| Profit (loss) for the period | 9904 | €106,003 | €118,091 | +€12,088 | +11.4% |
| Profit (loss) for the period to be appropriated | 9905 | €106,003 | €118,091 | +€12,088 | +11.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.