PAUL CONCEPT: 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 CONCEPT
Largest movements
- Deferred charges and accrued income +€5,466
up €5,466 (+159%), from €3,429 to €8,895
- Cash +€5,207
up €5,207 (+52.4%), from €9,943 to €15,150
mainly Depreciation (+€8,369) and Trade debts (+€7,264)
- Receivables within one year -€4,758
down €4,758 (-15.1%), from €31,569 to €26,811
of which Other amounts receivable: -€6,198
- Tangible fixed assets -€4,353
down €4,353 (-29.0%), from €15,024 to €10,671
of which Plant, machinery and equipment: -€3,257
- Profit (loss) carried forward -€8,791
down €8,791 (-29.4%), from €29,950 to €21,159
- Trade debts +€7,264
up €7,264 (+37.9%), from €19,144 to €26,408
of which Suppliers: +€15,069
- Tax, wage and social debts +€3,000
new in 2025: €3,000
- Turnover -€21,425
down €21,425 (-2.5%), from €859,464 to €838,039
- Gross operating margin -€10,176
down €10,176 (-65.7%), from €15,484 to €5,308
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.
Derived cash bridge
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 | €66,935 | €68,199 | +€1,264 | +1.9% |
| Fixed assets | 21/28 | €15,849 | €11,496 | -€4,353 | -27.5% |
| Tangible fixed assets | 22/27 | €15,024 | €10,671 | -€4,353 | -29.0% |
| Plant, machinery and equipment | 23 | €12,217 | €8,960 | -€3,257 | -26.7% |
| Furniture and vehicles | 24 | €2,807 | €1,711 | -€1,096 | -39.0% |
| Financial fixed assets | 28 | €825 | €825 | = | 0.0% |
| Current assets | 29/58 | €51,086 | €56,703 | +€5,617 | +11.0% |
| Stocks and contracts in progress | 3 | €6,145 | €5,847 | -€298 | -4.8% |
| Stocks | 30/36 | €6,145 | €5,847 | -€298 | -4.8% |
| Amounts receivable within one year | 40/41 | €31,569 | €26,811 | -€4,758 | -15.1% |
| Trade receivables | 40 | €7,338 | €8,778 | +€1,440 | +19.6% |
| Other amounts receivable | 41 | €24,231 | €18,033 | -€6,198 | -25.6% |
| Cash at bank and in hand | 54/58 | €9,943 | €15,150 | +€5,207 | +52.4% |
| Deferred charges and accrued income | 490/1 | €3,429 | €8,895 | +€5,466 | +159% |
| Total equity and liabilities | 10/49 | €66,935 | €68,199 | +€1,264 | +1.9% |
| Equity | 10/15 | €44,210 | €35,419 | -€8,791 | -19.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,950 | €21,159 | -€8,791 | -29.4% |
| Amounts payable | 17/49 | €22,725 | €32,780 | +€10,055 | +44.2% |
| Amounts payable within one year | 42/48 | €22,529 | €32,780 | +€10,251 | +45.5% |
| Current portion of amounts payable after more than one year | 42 | €3,385 | €3,372 | -€13 | -0.4% |
| Trade debts | 44 | €19,144 | €26,408 | +€7,264 | +37.9% |
| Suppliers | 440/4 | €11,339 | €26,408 | +€15,069 | +133% |
| Bills of exchange payable | 441 | €7,805 | - | -€7,805 | |
| Taxes, remuneration and social security | 45 | - | €3,000 | +€3,000 | |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Accrued charges and deferred income | 492/3 | €196 | - | -€196 | |
| Turnover | 70 | €859,464 | €838,039 | -€21,425 | -2.5% |
| Non-recurring operating income | 76A | - | €4,321 | +€4,321 | |
| Goods, raw materials, services and sundry goods | 60/61 | €853,808 | €845,250 | -€8,558 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,962 | €8,369 | -€1,593 | -16.0% |
| Other operating charges | 640/8 | €3,560 | €2,769 | -€791 | -22.2% |
| Gross operating margin | 9900 | €15,484 | €5,308 | -€10,176 | -65.7% |
| Operating profit (loss) | 9901 | €1,962 | -€5,830 | -€7,792 | |
| Financial income | 75/76B | €76 | €470 | +€394 | +518% |
| Recurring financial income | 75 | €76 | €470 | +€394 | +518% |
| Financial charges | 65/66B | €1,889 | €3,289 | +€1,400 | +74.1% |
| Recurring financial charges | 65 | €1,889 | €3,122 | +€1,233 | +65.3% |
| Non-recurring financial charges | 66B | - | €167 | +€167 | |
| Profit (loss) for the period before taxes | 9903 | €149 | -€8,649 | -€8,798 | |
| Income taxes | 67/77 | €1,120 | €142 | -€978 | -87.3% |
| Profit (loss) for the period | 9904 | -€971 | -€8,791 | -€7,820 | -805% |
| Profit (loss) for the period to be appropriated | 9905 | -€971 | -€8,791 | -€7,820 | -805% |
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 16 October 2026 via checked.be.