PAUL JULES SMITH: 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 JULES SMITH
Largest movements
- Tangible fixed assets -€4,739
down €4,739 (-30.4%), from €15,597 to €10,858
- Receivables within one year +€4,673
up €4,673 (+53.0%), from €8,819 to €13,492
- Cash +€3,848
up €3,848 (+31.6%), from €12,159 to €16,007
mainly Net result for the year (+€15,512) and Depreciation (+€4,739)
- Profit (loss) carried forward +€15,512
up €15,512 (+152%), from €10,223 to €25,734
- Other debts -€15,012
down €15,012 (-84.7%), from €17,727 to €2,715
- Tax, wage and social debts +€3,196
up €3,196 (+57.7%), from €5,541 to €8,738
- Gross operating margin +€8,596
up €8,596 (+21.2%), from €40,483 to €49,079
- Depreciation +€1,793
up €1,793 (+60.8%), from €2,947 to €4,739
- Taxes +€1,501
up €1,501 (+51.8%), from €2,900 to €4,401
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 | €36,575 | €40,357 | +€3,782 | +10.3% |
| Fixed assets | 21/28 | €15,597 | €10,858 | -€4,739 | -30.4% |
| Tangible fixed assets | 22/27 | €15,597 | €10,858 | -€4,739 | -30.4% |
| Furniture and vehicles | 24 | €15,597 | €10,858 | -€4,739 | -30.4% |
| Current assets | 29/58 | €20,978 | €29,499 | +€8,521 | +40.6% |
| Amounts receivable within one year | 40/41 | €8,819 | €13,492 | +€4,673 | +53.0% |
| Trade receivables | 40 | €8,819 | €13,492 | +€4,673 | +53.0% |
| Cash at bank and in hand | 54/58 | €12,159 | €16,007 | +€3,848 | +31.6% |
| Total equity and liabilities | 10/49 | €36,575 | €40,357 | +€3,782 | +10.3% |
| Equity | 10/15 | €12,223 | €27,734 | +€15,512 | +127% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,223 | €25,734 | +€15,512 | +152% |
| Amounts payable | 17/49 | €24,352 | €12,622 | -€11,730 | -48.2% |
| Amounts payable within one year | 42/48 | €24,352 | €12,622 | -€11,730 | -48.2% |
| Trade debts | 44 | €1,084 | €1,170 | +€86 | +7.9% |
| Suppliers | 440/4 | €1,084 | €1,170 | +€86 | +7.9% |
| Taxes, remuneration and social security | 45 | €5,541 | €8,738 | +€3,196 | +57.7% |
| Taxes | 450/3 | €5,541 | €8,738 | +€3,196 | +57.7% |
| Other amounts payable | 47/48 | €17,727 | €2,715 | -€15,012 | -84.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,947 | €4,739 | +€1,793 | +60.8% |
| Other operating charges | 640/8 | €24,361 | €24,470 | +€109 | +0.4% |
| Gross operating margin | 9900 | €40,483 | €49,079 | +€8,596 | +21.2% |
| Operating profit (loss) | 9901 | €13,175 | €19,870 | +€6,695 | +50.8% |
| Financial income | 75/76B | - | €43 | +€43 | |
| Recurring financial income | 75 | - | €43 | +€43 | |
| Financial charges | 65/66B | €52 | - | -€52 | |
| Recurring financial charges | 65 | €52 | - | -€52 | |
| Profit (loss) for the period before taxes | 9903 | €13,123 | €19,913 | +€6,791 | +51.7% |
| Income taxes | 67/77 | €2,900 | €4,401 | +€1,501 | +51.8% |
| Profit (loss) for the period | 9904 | €10,223 | €15,512 | +€5,289 | +51.7% |
| Profit (loss) for the period to be appropriated | 9905 | €10,223 | €15,512 | +€5,289 | +51.7% |
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 22 October 2026 via checked.be.