PAUL DONNE: what changed
PAUL DONNE
Largest movements
- Receivables within one year +€12,632
up €12,632 (+37.4%), from €33,748 to €46,380
- Tangible fixed assets -€11,884
down €11,884 (-3.7%), from €319,811 to €307,926
of which Land and buildings: -€11,034
- Cash -€4,829
down €4,829 (-20.0%), from €24,137 to €19,307
mainly Receivables within one year (-€12,632) and Accrued charges and deferred income (-€9,734)
- Accrued charges and deferred income -€9,734
down €9,734 (-100%), from €9,734 to €0
- Reserves +€5,259
up €5,259 (+13.2%), from €39,784 to €45,043
- Financial charges -€8,356
down €8,356, from €430 to -€7,926
- Financial income -€2,719
down €2,719 (-59.0%), from €4,608 to €1,889
- Taxes +€1,644
up €1,644 (+608%), from €270 to €1,914
- Other operating charges -€531
down €531 (-30.1%), from €1,765 to €1,234
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €377,696 | €373,614 | -€4,082 | -1.1% |
| Fixed assets | 21/28 | €319,811 | €307,926 | -€11,884 | -3.7% |
| Tangible fixed assets | 22/27 | €319,811 | €307,926 | -€11,884 | -3.7% |
| Land and buildings | 22 | €318,748 | €307,714 | -€11,034 | -3.5% |
| Plant, machinery and equipment | 23 | €1,063 | €213 | -€850 | -80.0% |
| Current assets | 29/58 | €57,885 | €65,688 | +€7,803 | +13.5% |
| Amounts receivable within one year | 40/41 | €33,748 | €46,380 | +€12,632 | +37.4% |
| Other amounts receivable | 41 | €33,748 | €46,380 | +€12,632 | +37.4% |
| Cash at bank and in hand | 54/58 | €24,137 | €19,307 | -€4,829 | -20.0% |
| Total equity and liabilities | 10/49 | €377,696 | €373,614 | -€4,082 | -1.1% |
| Equity | 10/15 | €364,784 | €370,043 | +€5,259 | +1.4% |
| Contributions | 10/11 | €325,000 | €325,000 | = | 0.0% |
| Reserves | 13 | €39,784 | €45,043 | +€5,259 | +13.2% |
| Distributable reserves | 133 | €39,784 | €45,043 | +€5,259 | +13.2% |
| Amounts payable | 17/49 | €12,911 | €3,571 | -€9,341 | -72.3% |
| Amounts payable within one year | 42/48 | €3,177 | €3,571 | +€393 | +12.4% |
| Trade debts | 44 | €2,916 | €1,395 | -€1,521 | -52.2% |
| Suppliers | 440/4 | €2,916 | €1,395 | -€1,521 | -52.2% |
| Taxes, remuneration and social security | 45 | €261 | €2,176 | +€1,914 | +733% |
| Taxes | 450/3 | €261 | €2,176 | +€1,914 | +733% |
| Accrued charges and deferred income | 492/3 | €9,734 | €0 | -€9,734 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,884 | €11,884 | = | 0.0% |
| Other operating charges | 640/8 | €1,765 | €1,234 | -€531 | -30.1% |
| Gross operating margin | 9900 | €10,476 | €10,477 | +€1 | 0.0% |
| Operating profit (loss) | 9901 | -€3,174 | -€2,642 | +€532 | +16.8% |
| Financial income | 75/76B | €4,608 | €1,889 | -€2,719 | -59.0% |
| Recurring financial income | 75 | €4,608 | €1,889 | -€2,719 | -59.0% |
| Financial charges | 65/66B | €430 | -€7,926 | -€8,356 | |
| Recurring financial charges | 65 | €430 | -€7,926 | -€8,356 | |
| Profit (loss) for the period before taxes | 9903 | €1,004 | €7,173 | +€6,169 | +614% |
| Income taxes | 67/77 | €270 | €1,914 | +€1,644 | +608% |
| Profit (loss) for the period | 9904 | €734 | €5,259 | +€4,525 | +617% |
| Profit (loss) for the period to be appropriated | 9905 | €734 | €5,259 | +€4,525 | +617% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.