PAUL GEENS: 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 GEENS
Largest movements
- Tangible fixed assets -€15,044
down €15,044 (-31.4%), from €47,930 to €32,886
of which Furniture and vehicles: -€14,951
- Cash -€3,407
down €3,407 (-25.0%), from €13,612 to €10,206
mainly Other debts (-€10,983) and Net result for the year (-€5,782)
- Receivables within one year +€1,959
up €1,959 (+2,880%), from €68 to €2,027
- Deferred charges and accrued income -€1,299
no longer reported in 2025 (was €1,299)
- Other debts -€10,983
down €10,983 (-11.2%), from €98,448 to €87,465
- Profit (loss) carried forward -€5,782
down €5,782 (-6.7%), from -€86,450 to -€92,231
- Tax, wage and social debts -€668
down €668 (-32.6%), from €2,047 to €1,379
- Gross operating margin +€28,541
up €28,541, from -€14,722 to €13,819
- Other operating charges -€404
down €404 (-70.4%), from €574 to €170
- Financial charges -€397
down €397 (-19.0%), from €2,086 to €1,689
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 | €62,910 | €45,119 | -€17,791 | -28.3% |
| Fixed assets | 21/28 | €47,930 | €32,886 | -€15,044 | -31.4% |
| Tangible fixed assets | 22/27 | €47,930 | €32,886 | -€15,044 | -31.4% |
| Land and buildings | 22 | €1,418 | €1,260 | -€158 | -11.1% |
| Plant, machinery and equipment | 23 | €4,477 | €4,541 | +€64 | +1.4% |
| Furniture and vehicles | 24 | €42,036 | €27,085 | -€14,951 | -35.6% |
| Current assets | 29/58 | €14,979 | €12,233 | -€2,746 | -18.3% |
| Amounts receivable within one year | 40/41 | €68 | €2,027 | +€1,959 | +2,880% |
| Trade receivables | 40 | €68 | €2,027 | +€1,959 | +2,880% |
| Cash at bank and in hand | 54/58 | €13,612 | €10,206 | -€3,407 | -25.0% |
| Deferred charges and accrued income | 490/1 | €1,299 | - | -€1,299 | |
| Total equity and liabilities | 10/49 | €62,910 | €45,119 | -€17,791 | -28.3% |
| Equity | 10/15 | -€42,614 | -€48,396 | -€5,782 | -13.6% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €19,046 | €19,046 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Distributable reserves | 133 | €16,567 | €16,567 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€86,450 | -€92,231 | -€5,782 | -6.7% |
| Amounts payable | 17/49 | €105,524 | €93,514 | -€12,009 | -11.4% |
| Amounts payable within one year | 42/48 | €105,524 | €93,514 | -€12,009 | -11.4% |
| Trade debts | 44 | €5,029 | €4,670 | -€359 | -7.1% |
| Suppliers | 440/4 | €5,029 | €4,670 | -€359 | -7.1% |
| Taxes, remuneration and social security | 45 | €2,047 | €1,379 | -€668 | -32.6% |
| Taxes | 450/3 | €2,047 | €1,379 | -€668 | -32.6% |
| Other amounts payable | 47/48 | €98,448 | €87,465 | -€10,983 | -11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,603 | €17,742 | +€139 | +0.8% |
| Other operating charges | 640/8 | €574 | €170 | -€404 | -70.4% |
| Gross operating margin | 9900 | -€14,722 | €13,819 | +€28,541 | |
| Operating profit (loss) | 9901 | -€32,899 | -€4,093 | +€28,807 | +87.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,086 | €1,689 | -€397 | -19.0% |
| Recurring financial charges | 65 | €2,086 | €1,689 | -€397 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | -€34,985 | -€5,782 | +€29,203 | +83.5% |
| Profit (loss) for the period | 9904 | -€34,985 | -€5,782 | +€29,203 | +83.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,985 | -€5,782 | +€29,203 | +83.5% |
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 29 October 2026 via checked.be.