PAUL FALTER: 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 FALTER
Largest movements
- Current assets +€9,693
up €9,693 (+10.0%), from €96,610 to €106,303
of which Receivables within one year: +€12,780
- Tangible fixed assets +€7,950
up €7,950 (+2.5%), from €320,712 to €328,663
- Profit (loss) carried forward +€21,643
up €21,643 (+17.1%), from -€126,237 to -€104,594
- Depreciation +€6,205
up €6,205 (+36.8%), from €16,870 to €23,074
From the 2016 result to the 2017 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2016 | 2017 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €417,322 | €434,966 | +€17,644 | +4.2% |
| Fixed assets | 21/28 | €320,712 | €328,663 | +€7,950 | +2.5% |
| Tangible fixed assets | 22/27 | €320,712 | €328,663 | +€7,950 | +2.5% |
| Current assets | 29/58 | €96,610 | €106,303 | +€9,693 | +10.0% |
| Amounts receivable within one year | 40/41 | €90,628 | €103,408 | +€12,780 | +14.1% |
| Cash at bank and in hand | 54/58 | €5,982 | €2,335 | -€3,646 | -61.0% |
| Total equity and liabilities | 10/49 | €417,322 | €434,966 | +€17,644 | +4.2% |
| Equity | 10/15 | €60,638 | €83,634 | +€22,996 | +37.9% |
| Contributions | 10/11 | €173,525 | €173,525 | = | 0.0% |
| Reserves | 13 | €13,350 | €14,703 | +€1,353 | +10.1% |
| Profit (loss) carried forward | 14 | -€126,237 | -€104,594 | +€21,643 | +17.1% |
| Amounts payable | 17/49 | €356,684 | €351,332 | -€5,353 | -1.5% |
| Amounts payable after more than one year | 17 | €250,049 | €247,695 | -€2,354 | -0.9% |
| Amounts payable within one year | 42/48 | €106,635 | €103,637 | -€2,999 | -2.8% |
| Trade debts | 44 | €10,937 | €5,336 | -€5,602 | -51.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,870 | €23,074 | +€6,205 | +36.8% |
| Gross operating margin | 9900 | €52,975 | €52,970 | -€4 | 0.0% |
| Operating profit (loss) | 9901 | €21,072 | €24,480 | +€3,409 | +16.2% |
| Recurring financial income | 75 | €2,914 | €1,827 | -€1,087 | -37.3% |
| Recurring financial charges | 65 | €3,627 | €3,311 | -€316 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €20,359 | €22,996 | +€2,637 | +13.0% |
| Profit (loss) for the period | 9904 | €20,359 | €22,996 | +€2,637 | +13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,359 | €21,643 | +€1,284 | +6.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2016 and 31 December 2017. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.