Paul BAS: 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.
Paul BAS
Largest movements
- Cash +€14,975
up €14,975 (+4.6%), from €328,918 to €343,892
mainly Receivables within one year (+€12,999) and Net result for the year (+€12,026)
- Receivables within one year -€12,999
down €12,999 (-73.4%), from €17,705 to €4,706
of which Trade receivables: -€9,854
- Tangible fixed assets +€8,896
up €8,896 (+32.8%), from €27,093 to €35,989
of which Plant, machinery and equipment: +€10,148
- Reserves +€11,800
up €11,800 (+5.5%), from €214,467 to €226,267
of which Distributable reserves: +€11,800
- Trade debts -€11,514
down €11,514 (-59.2%), from €19,458 to €7,944
- Accrued charges and deferred income +€7,473
up €7,473 (+89.5%), from €8,346 to €15,820
- Gross operating margin -€4,056
down €4,056 (-11.1%), from €36,399 to €32,344
- Financial income -€3,027
down €3,027 (-57.7%), from €5,251 to €2,224
- Taxes -€2,779
down €2,779 (-33.0%), from €8,417 to €5,638
- Depreciation +€2,448
up €2,448 (+39.0%), from €6,270 to €8,717
- Financial charges -€883
down €883 (-10.5%), from €8,389 to €7,506
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 | €376,488 | €387,172 | +€10,684 | +2.8% |
| Fixed assets | 21/28 | €27,093 | €35,989 | +€8,896 | +32.8% |
| Tangible fixed assets | 22/27 | €27,093 | €35,989 | +€8,896 | +32.8% |
| Land and buildings | 22 | €747 | - | -€747 | |
| Plant, machinery and equipment | 23 | €11,373 | €21,521 | +€10,148 | +89.2% |
| Furniture and vehicles | 24 | €14,974 | €11,857 | -€3,117 | -20.8% |
| Other tangible fixed assets | 26 | - | €2,611 | +€2,611 | |
| Current assets | 29/58 | €349,394 | €351,183 | +€1,789 | +0.5% |
| Amounts receivable within one year | 40/41 | €17,705 | €4,706 | -€12,999 | -73.4% |
| Trade receivables | 40 | €13,676 | €3,822 | -€9,854 | -72.1% |
| Other amounts receivable | 41 | €4,029 | €883 | -€3,146 | -78.1% |
| Cash at bank and in hand | 54/58 | €328,918 | €343,892 | +€14,975 | +4.6% |
| Deferred charges and accrued income | 490/1 | €2,772 | €2,585 | -€187 | -6.7% |
| Total equity and liabilities | 10/49 | €376,488 | €387,172 | +€10,684 | +2.8% |
| Equity | 10/15 | €233,226 | €245,253 | +€12,026 | +5.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €214,467 | €226,267 | +€11,800 | +5.5% |
| Non-distributable reserves | 130/1 | €21,209 | €21,209 | = | 0.0% |
| Reserves not available under the articles | 1311 | €21,209 | €21,209 | = | 0.0% |
| Distributable reserves | 133 | €193,258 | €205,058 | +€11,800 | +6.1% |
| Profit (loss) carried forward | 14 | €167 | €393 | +€226 | +135.7% |
| Amounts payable | 17/49 | €143,261 | €141,919 | -€1,342 | -0.9% |
| Amounts payable within one year | 42/48 | €134,915 | €126,099 | -€8,816 | -6.5% |
| Trade debts | 44 | €19,458 | €7,944 | -€11,514 | -59.2% |
| Suppliers | 440/4 | €19,458 | €7,944 | -€11,514 | -59.2% |
| Taxes, remuneration and social security | 45 | €10,750 | €12,871 | +€2,121 | +19.7% |
| Taxes | 450/3 | €166 | €871 | +€705 | +425.7% |
| Remuneration and social security | 454/9 | €10,585 | €12,000 | +€1,415 | +13.4% |
| Other amounts payable | 47/48 | €104,707 | €105,284 | +€577 | +0.6% |
| Accrued charges and deferred income | 492/3 | €8,346 | €15,820 | +€7,473 | +89.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,270 | €8,717 | +€2,448 | +39.0% |
| Other operating charges | 640/8 | €708 | €680 | -€28 | -3.9% |
| Gross operating margin | 9900 | €36,399 | €32,344 | -€4,056 | -11.1% |
| Operating profit (loss) | 9901 | €29,422 | €22,947 | -€6,476 | -22.0% |
| Financial income | 75/76B | €5,251 | €2,224 | -€3,027 | -57.7% |
| Recurring financial income | 75 | €5,251 | €2,224 | -€3,027 | -57.7% |
| Financial charges | 65/66B | €8,389 | €7,506 | -€883 | -10.5% |
| Recurring financial charges | 65 | €8,389 | €7,506 | -€883 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €26,284 | €17,664 | -€8,620 | -32.8% |
| Income taxes | 67/77 | €8,417 | €5,638 | -€2,779 | -33.0% |
| Profit (loss) for the period | 9904 | €17,867 | €12,026 | -€5,840 | -32.7% |
| Profit (loss) for the period to be appropriated | 9905 | €17,867 | €12,026 | -€5,840 | -32.7% |
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 9 October 2026 via checked.be.