PAUL DAMAN: 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 DAMAN
Largest movements
- Tangible fixed assets +€14,431
up €14,431 (+55.3%), from €26,117 to €40,548
of which Furniture and vehicles: +€25,710
- Cash -€11,447
down €11,447 (-22.8%), from €50,221 to €38,774
mainly Investment in fixed assets (net) (-€32,800) and Net result for the year (-€4,363)
- Receivables within one year -€7,347
down €7,347 (-90.4%), from €8,127 to €780
of which Other amounts receivable: -€7,763
- Reserves -€4,363
down €4,363 (-5.6%), from €78,260 to €73,897
of which Distributable reserves: -€4,363
- Gross operating margin -€11,786
down €11,786 (-42.7%), from €27,584 to €15,798
- Depreciation +€7,060
up €7,060 (+62.4%), from €11,309 to €18,369
- Other operating charges -€972
down €972 (-37.7%), from €2,578 to €1,606
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 | €84,465 | €80,102 | -€4,363 | -5.2% |
| Fixed assets | 21/28 | €26,117 | €40,548 | +€14,431 | +55.3% |
| Tangible fixed assets | 22/27 | €26,117 | €40,548 | +€14,431 | +55.3% |
| Plant, machinery and equipment | 23 | €11,154 | €6,495 | -€4,659 | -41.8% |
| Furniture and vehicles | 24 | €1,723 | €27,433 | +€25,710 | +1,493% |
| Other tangible fixed assets | 26 | €13,240 | €6,620 | -€6,620 | -50.0% |
| Current assets | 29/58 | €58,348 | €39,554 | -€18,794 | -32.2% |
| Amounts receivable within one year | 40/41 | €8,127 | €780 | -€7,347 | -90.4% |
| Trade receivables | 40 | €184 | €600 | +€416 | +226% |
| Other amounts receivable | 41 | €7,943 | €180 | -€7,763 | -97.7% |
| Cash at bank and in hand | 54/58 | €50,221 | €38,774 | -€11,447 | -22.8% |
| Total equity and liabilities | 10/49 | €84,465 | €80,102 | -€4,363 | -5.2% |
| Equity | 10/15 | €84,465 | €80,102 | -€4,363 | -5.2% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €78,260 | €73,897 | -€4,363 | -5.6% |
| Tax-exempt reserves | 132 | €8,956 | €8,956 | = | 0.0% |
| Distributable reserves | 133 | €69,304 | €64,941 | -€4,363 | -6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,309 | €18,369 | +€7,060 | +62.4% |
| Other operating charges | 640/8 | €2,578 | €1,606 | -€972 | -37.7% |
| Gross operating margin | 9900 | €27,584 | €15,798 | -€11,786 | -42.7% |
| Operating profit (loss) | 9901 | €13,697 | -€4,177 | -€17,874 | |
| Financial income | 75/76B | €10 | €14 | +€4 | +43.0% |
| Recurring financial income | 75 | €10 | €14 | +€4 | +43.0% |
| Financial charges | 65/66B | €271 | €200 | -€71 | -26.3% |
| Recurring financial charges | 65 | €271 | €200 | -€71 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | €13,435 | -€4,363 | -€17,798 | |
| Profit (loss) for the period | 9904 | €13,435 | -€4,363 | -€17,798 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,435 | -€4,363 | -€17,798 |
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 27 October 2026 via checked.be.