PAUL RENS: 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 RENS
Largest movements
- Receivables within one year -€12,452
down €12,452 (-10.2%), from €122,405 to €109,953
of which Trade receivables: -€10,789
- Cash +€3,942
up €3,942 (+43.5%), from €9,053 to €12,995
mainly Short-term financial debts (+€13,000) and Receivables within one year (+€12,452)
- Deferred charges and accrued income +€2,420
up €2,420 (+4,654%), from €52 to €2,472
- Short-term financial debts +€13,000
up €13,000 (+130%), from €10,000 to €23,000
- Trade debts -€12,067
down €12,067 (-20.1%), from €60,024 to €47,957
- Profit (loss) carried forward +€6,918
up €6,918 (+172%), from €4,028 to €10,946
- Other debts -€5,842
down €5,842 (-23.7%), from €24,598 to €18,756
- Advances received -€5,000
no longer reported in 2025 (was €5,000)
- Purchases and services -€49,006
down €49,006 (-12.7%), from €387,070 to €338,064
- Turnover -€46,914
down €46,914 (-11.8%), from €397,052 to €350,138
- Gross operating margin +€5,632
up €5,632 (+56.4%), from €9,982 to €15,614
- Other operating charges -€4,555
down €4,555 (-68.4%), from €6,661 to €2,106
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 | €133,494 | €127,327 | -€6,167 | -4.6% |
| Fixed assets | 21/28 | €1,984 | €1,907 | -€77 | -3.9% |
| Tangible fixed assets | 22/27 | €1,618 | €1,541 | -€77 | -4.8% |
| Furniture and vehicles | 24 | €1,618 | €1,541 | -€77 | -4.8% |
| Financial fixed assets | 28 | €366 | €366 | = | 0.0% |
| Current assets | 29/58 | €131,510 | €125,420 | -€6,090 | -4.6% |
| Amounts receivable within one year | 40/41 | €122,405 | €109,953 | -€12,452 | -10.2% |
| Trade receivables | 40 | €75,167 | €64,378 | -€10,789 | -14.4% |
| Other amounts receivable | 41 | €47,238 | €45,575 | -€1,663 | -3.5% |
| Cash at bank and in hand | 54/58 | €9,053 | €12,995 | +€3,942 | +43.5% |
| Deferred charges and accrued income | 490/1 | €52 | €2,472 | +€2,420 | +4,654% |
| Total equity and liabilities | 10/49 | €133,494 | €127,327 | -€6,167 | -4.6% |
| Equity | 10/15 | €24,085 | €31,003 | +€6,918 | +28.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,457 | €1,457 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,457 | €1,457 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,457 | €1,457 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,028 | €10,946 | +€6,918 | +172% |
| Amounts payable | 17/49 | €109,409 | €96,324 | -€13,085 | -12.0% |
| Amounts payable within one year | 42/48 | €108,659 | €95,574 | -€13,085 | -12.0% |
| Financial debts | 43 | €10,000 | €23,000 | +€13,000 | +130% |
| Credit institutions | 430/8 | €10,000 | €23,000 | +€13,000 | +130% |
| Trade debts | 44 | €60,024 | €47,957 | -€12,067 | -20.1% |
| Suppliers | 440/4 | €60,024 | €47,957 | -€12,067 | -20.1% |
| Advances received on contracts in progress | 46 | €5,000 | - | -€5,000 | |
| Taxes, remuneration and social security | 45 | €9,037 | €5,861 | -€3,176 | -35.1% |
| Taxes | 450/3 | €7,486 | €5,861 | -€1,625 | -21.7% |
| Remuneration and social security | 454/9 | €1,551 | - | -€1,551 | |
| Other amounts payable | 47/48 | €24,598 | €18,756 | -€5,842 | -23.7% |
| Accrued charges and deferred income | 492/3 | €750 | €750 | = | 0.0% |
| Turnover | 70 | €397,052 | €350,138 | -€46,914 | -11.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €387,070 | €338,064 | -€49,006 | -12.7% |
| Remuneration, social security and pensions | 62 | - | €1,659 | +€1,659 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,465 | €77 | -€1,388 | -94.7% |
| Other operating charges | 640/8 | €6,661 | €2,106 | -€4,555 | -68.4% |
| Gross operating margin | 9900 | €9,982 | €15,614 | +€5,632 | +56.4% |
| Operating profit (loss) | 9901 | €1,856 | €11,772 | +€9,916 | +534% |
| Financial income | 75/76B | €38 | €109 | +€71 | +187% |
| Recurring financial income | 75 | €38 | €109 | +€71 | +187% |
| Financial charges | 65/66B | €1,723 | €1,588 | -€135 | -7.8% |
| Recurring financial charges | 65 | €1,723 | €1,588 | -€135 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €171 | €10,293 | +€10,122 | +5,919% |
| Income taxes | 67/77 | €862 | €3,375 | +€2,513 | +292% |
| Profit (loss) for the period | 9904 | -€691 | €6,918 | +€7,609 | |
| Profit (loss) for the period to be appropriated | 9905 | -€691 | €6,918 | +€7,609 |
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.