PAUCHEU: 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.
PAUCHEU
Largest movements
- Stocks and contracts -€77,274
down €77,274 (-8.5%), from €908,778 to €831,504
- Cash +€60,200
up €60,200 (+168%), from €35,921 to €96,121
mainly Depreciation (+€108,305) and Stocks and contracts (+€77,274)
- Tangible fixed assets -€28,827
down €28,827 (-5.2%), from €553,411 to €524,584
of which Land and buildings: -€47,324
- Other debts -€47,139
down €47,139 (-26.3%), from €179,375 to €132,236
- Trade debts +€36,967
up €36,967 (+6.2%), from €594,281 to €631,248
- Tax, wage and social debts -€32,502
down €32,502 (-57.2%), from €56,802 to €24,300
of which Remuneration and social security: -€35,280
- Staff costs -€77,344
down €77,344 (-8.6%), from €899,110 to €821,766
- Gross operating margin -€50,384
down €50,384 (-4.7%), from €1.1m to €1.0m
- Financial charges +€42,929
up €42,929 (+224%), from €19,142 to €62,071
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,662,704 | €1,627,535 | -€35,169 | -2.1% |
| Fixed assets | 21/28 | €556,826 | €529,394 | -€27,432 | -4.9% |
| Tangible fixed assets | 22/27 | €553,411 | €524,584 | -€28,827 | -5.2% |
| Land and buildings | 22 | €448,945 | €401,621 | -€47,324 | -10.5% |
| Plant, machinery and equipment | 23 | €33,123 | €25,131 | -€7,992 | -24.1% |
| Furniture and vehicles | 24 | €49,514 | €80,421 | +€30,907 | +62.4% |
| Other tangible fixed assets | 26 | €21,829 | €17,411 | -€4,418 | -20.2% |
| Financial fixed assets | 28 | €3,415 | €4,810 | +€1,395 | +40.8% |
| Current assets | 29/58 | €1,105,878 | €1,098,141 | -€7,737 | -0.7% |
| Stocks and contracts in progress | 3 | €908,778 | €831,504 | -€77,274 | -8.5% |
| Stocks | 30/36 | €908,778 | €831,504 | -€77,274 | -8.5% |
| Amounts receivable within one year | 40/41 | €160,991 | €169,215 | +€8,224 | +5.1% |
| Trade receivables | 40 | €115,472 | €102,073 | -€13,399 | -11.6% |
| Other amounts receivable | 41 | €45,519 | €67,142 | +€21,623 | +47.5% |
| Cash at bank and in hand | 54/58 | €35,921 | €96,121 | +€60,200 | +168% |
| Deferred charges and accrued income | 490/1 | €188 | €1,301 | +€1,113 | +592% |
| Total equity and liabilities | 10/49 | €1,662,704 | €1,627,535 | -€35,169 | -2.1% |
| Equity | 10/15 | €190,804 | €194,765 | +€3,961 | +2.1% |
| Contributions | 10/11 | €80,600 | €80,600 | = | 0.0% |
| Capital | 10 | €80,600 | €80,600 | = | 0.0% |
| Issued capital | 100 | €80,600 | €80,600 | = | 0.0% |
| Reserves | 13 | €110,204 | €114,165 | +€3,961 | +3.6% |
| Non-distributable reserves | 130/1 | €8,060 | €8,060 | = | 0.0% |
| Legal reserve | 130 | €8,060 | €8,060 | = | 0.0% |
| Distributable reserves | 133 | €102,144 | €106,105 | +€3,961 | +3.9% |
| Amounts payable | 17/49 | €1,471,900 | €1,432,770 | -€39,130 | -2.7% |
| Amounts payable after more than one year | 17 | €402,638 | €412,176 | +€9,538 | +2.4% |
| Financial debts | 170/4 | €402,638 | €412,176 | +€9,538 | +2.4% |
| Amounts payable within one year | 42/48 | €1,069,262 | €1,020,594 | -€48,668 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €238,804 | €232,810 | -€5,994 | -2.5% |
| Trade debts | 44 | €594,281 | €631,248 | +€36,967 | +6.2% |
| Suppliers | 440/4 | €594,281 | €631,248 | +€36,967 | +6.2% |
| Taxes, remuneration and social security | 45 | €56,802 | €24,300 | -€32,502 | -57.2% |
| Taxes | 450/3 | €21,522 | €24,300 | +€2,778 | +12.9% |
| Remuneration and social security | 454/9 | €35,280 | - | -€35,280 | |
| Other amounts payable | 47/48 | €179,375 | €132,236 | -€47,139 | -26.3% |
| Remuneration, social security and pensions | 62 | €899,110 | €821,766 | -€77,344 | -8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113,959 | €108,305 | -€5,654 | -5.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,168 | - | -€3,168 | |
| Other operating charges | 640/8 | €28,514 | €22,286 | -€6,228 | -21.8% |
| Gross operating margin | 9900 | €1,074,596 | €1,024,212 | -€50,384 | -4.7% |
| Operating profit (loss) | 9901 | €29,845 | €71,855 | +€42,010 | +141% |
| Financial income | 75/76B | - | €745 | +€745 | |
| Recurring financial income | 75 | - | €745 | +€745 | |
| Financial charges | 65/66B | €19,142 | €62,071 | +€42,929 | +224% |
| Recurring financial charges | 65 | €19,142 | €62,071 | +€42,929 | +224% |
| Profit (loss) for the period before taxes | 9903 | €10,703 | €10,529 | -€174 | -1.6% |
| Income taxes | 67/77 | €7,088 | €6,568 | -€520 | -7.3% |
| Profit (loss) for the period | 9904 | €3,615 | €3,961 | +€346 | +9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,615 | €3,961 | +€346 | +9.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.