PauJeCha Advisory: 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.
PauJeCha Advisory
Largest movements
- Current investments +€100,000
new in 2025: €100,000
- Financial fixed assets +€99,311
new in 2025: €99,311
- Cash -€74,056
down €74,056 (-30.2%), from €245,591 to €171,535
mainly Current investments (-€100,000) and Investment in fixed assets (net) (-€99,311)
- Receivables within one year +€47,479
up €47,479 (+234.0%), from €20,286 to €67,765
of which Trade receivables: +€47,960
- Reserves +€137,363
up €137,363 (+61.7%), from €222,602 to €359,966
- Other debts +€33,010
up €33,010 (+66.5%), from €49,604 to €82,614
- Gross operating margin +€30,115
up €30,115 (+17.8%), from €168,906 to €199,021
- Taxes +€9,929
up €9,929 (+20.3%), from €48,839 to €58,769
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 | €275,381 | €445,655 | +€170,274 | +61.8% |
| Fixed assets | 21/28 | €9,013 | €105,736 | +€96,723 | +1073.2% |
| Tangible fixed assets | 22/27 | €9,013 | €6,424 | -€2,588 | -28.7% |
| Plant, machinery and equipment | 23 | €9,013 | €6,424 | -€2,588 | -28.7% |
| Financial fixed assets | 28 | - | €99,311 | +€99,311 | |
| Current assets | 29/58 | €266,368 | €339,919 | +€73,551 | +27.6% |
| Amounts receivable within one year | 40/41 | €20,286 | €67,765 | +€47,479 | +234.0% |
| Trade receivables | 40 | €18,900 | €66,860 | +€47,960 | +253.8% |
| Other amounts receivable | 41 | €1,386 | €905 | -€481 | -34.7% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €245,591 | €171,535 | -€74,056 | -30.2% |
| Deferred charges and accrued income | 490/1 | €492 | €619 | +€128 | +26.0% |
| Total equity and liabilities | 10/49 | €275,381 | €445,655 | +€170,274 | +61.8% |
| Equity | 10/15 | €225,602 | €362,966 | +€137,363 | +60.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €222,602 | €359,966 | +€137,363 | +61.7% |
| Distributable reserves | 133 | €222,602 | €359,966 | +€137,363 | +61.7% |
| Amounts payable | 17/49 | €49,779 | €82,689 | +€32,911 | +66.1% |
| Amounts payable within one year | 42/48 | €49,779 | €82,689 | +€32,911 | +66.1% |
| Trade debts | 44 | €175 | €75 | -€100 | -57.1% |
| Suppliers | 440/4 | €175 | €75 | -€100 | -57.1% |
| Other amounts payable | 47/48 | €49,604 | €82,614 | +€33,010 | +66.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,588 | €2,588 | = | 0.0% |
| Other operating charges | 640/8 | €444 | €130 | -€314 | -70.7% |
| Gross operating margin | 9900 | €168,906 | €199,021 | +€30,115 | +17.8% |
| Operating profit (loss) | 9901 | €165,874 | €196,303 | +€30,429 | +18.3% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €104 | €171 | +€67 | +65.0% |
| Recurring financial charges | 65 | €104 | €171 | +€67 | +65.0% |
| Profit (loss) for the period before taxes | 9903 | €165,771 | €196,132 | +€30,361 | +18.3% |
| Income taxes | 67/77 | €48,839 | €58,769 | +€9,929 | +20.3% |
| Profit (loss) for the period | 9904 | €116,932 | €137,363 | +€20,432 | +17.5% |
| Profit (loss) for the period to be appropriated | 9905 | €116,932 | €137,363 | +€20,432 | +17.5% |
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 10 October 2026 via checked.be.