PAUL B.: 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.
PAUL B.
Largest movements
- Receivables within one year -€696,572
down €696,572 (-98.2%), from €709,201 to €12,629
of which Other amounts receivable: -€650,372
- Cash +€150,172
up €150,172 (+68.5%), from €219,098 to €369,270
mainly Receivables within one year (+€696,572) and Other debts (+€136,403)
- Financial fixed assets +€125,000
new in 2025: €125,000
- Receivables after one year +€125,000
new in 2025: €125,000
- Profit (loss) carried forward -€430,310
down €430,310 (-80.1%), from €537,526 to €107,216
- Other debts +€136,403
up €136,403 (+37.4%), from €364,634 to €501,037
- Financial income -€419,693
down €419,693 (-98.9%), from €424,239 to €4,546
of which Non-recurring financial income: -€326,239
- Gross operating margin +€16,470
up €16,470 (+24.2%), from €67,970 to €84,439
- Taxes +€4,236
up €4,236 (+30.2%), from €14,050 to €18,286
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 | €928,299 | €638,513 | -€289,786 | -31.2% |
| Fixed assets | 21/28 | - | €127,069 | +€127,069 | |
| Tangible fixed assets | 22/27 | - | €2,069 | +€2,069 | |
| Furniture and vehicles | 24 | - | €2,069 | +€2,069 | |
| Financial fixed assets | 28 | - | €125,000 | +€125,000 | |
| Current assets | 29/58 | €928,299 | €511,444 | -€416,855 | -44.9% |
| Amounts receivable after more than one year | 29 | - | €125,000 | +€125,000 | |
| Other amounts receivable | 291 | - | €125,000 | +€125,000 | |
| Amounts receivable within one year | 40/41 | €709,201 | €12,629 | -€696,572 | -98.2% |
| Trade receivables | 40 | €46,200 | - | -€46,200 | |
| Other amounts receivable | 41 | €663,001 | €12,629 | -€650,372 | -98.1% |
| Cash at bank and in hand | 54/58 | €219,098 | €369,270 | +€150,172 | +68.5% |
| Deferred charges and accrued income | 490/1 | - | €4,546 | +€4,546 | |
| Total equity and liabilities | 10/49 | €928,299 | €638,513 | -€289,786 | -31.2% |
| Equity | 10/15 | €542,526 | €112,216 | -€430,310 | -79.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €537,526 | €107,216 | -€430,310 | -80.1% |
| Amounts payable | 17/49 | €385,774 | €526,297 | +€140,523 | +36.4% |
| Amounts payable within one year | 42/48 | €385,774 | €526,297 | +€140,523 | +36.4% |
| Taxes, remuneration and social security | 45 | €21,139 | €25,260 | +€4,121 | +19.5% |
| Taxes | 450/3 | €21,139 | €25,260 | +€4,121 | +19.5% |
| Other amounts payable | 47/48 | €364,634 | €501,037 | +€136,403 | +37.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €410 | +€410 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €67,970 | €84,439 | +€16,470 | +24.2% |
| Operating profit (loss) | 9901 | €67,582 | €83,630 | +€16,047 | +23.7% |
| Financial income | 75/76B | €424,239 | €4,546 | -€419,693 | -98.9% |
| Recurring financial income | 75 | €98,000 | €4,546 | -€93,455 | -95.4% |
| Non-recurring financial income | 76B | €326,239 | - | -€326,239 | |
| Financial charges | 65/66B | €120 | €199 | +€79 | +65.8% |
| Recurring financial charges | 65 | €120 | €199 | +€79 | +65.8% |
| Profit (loss) for the period before taxes | 9903 | €491,701 | €87,977 | -€403,725 | -82.1% |
| Income taxes | 67/77 | €14,050 | €18,286 | +€4,236 | +30.2% |
| Profit (loss) for the period | 9904 | €477,652 | €69,690 | -€407,961 | -85.4% |
| Profit (loss) for the period to be appropriated | 9905 | €477,652 | €69,690 | -€407,961 | -85.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.