PAUL VAN EXTERGEM: 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 VAN EXTERGEM
Largest movements
- Receivables within one year +€11,015
up €11,015 (+52.1%), from €21,128 to €32,142
of which Other amounts receivable: +€12,026
- Tangible fixed assets +€2,136
up €2,136 (+18.6%), from €11,494 to €13,630
of which Furniture and vehicles: +€4,338
- Profit (loss) carried forward +€14,605
no longer reported in 2025 (was -€14,605)
- Debts after one year -€7,808
down €7,808 (-31.6%), from €24,673 to €16,865
- Reserves +€3,285
up €3,285 (+17.8%), from €18,485 to €21,770
of which Distributable reserves: +€3,285
- Tax, wage and social debts +€1,588
up €1,588 (+40.7%), from €3,900 to €5,488
- Gross operating margin +€15,151
up €15,151 (+95.3%), from €15,905 to €31,055
- Financial charges -€4,102
down €4,102 (-54.3%), from €7,560 to €3,458
- Taxes +€3,260
up €3,260 (+115%), from €2,828 to €6,088
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 | €60,539 | €72,773 | +€12,234 | +20.2% |
| Fixed assets | 21/28 | €11,494 | €13,630 | +€2,136 | +18.6% |
| Tangible fixed assets | 22/27 | €11,494 | €13,630 | +€2,136 | +18.6% |
| Plant, machinery and equipment | 23 | €9,971 | €8,121 | -€1,850 | -18.6% |
| Furniture and vehicles | 24 | €1,137 | €5,475 | +€4,338 | +382% |
| Other tangible fixed assets | 26 | €386 | €34 | -€353 | -91.2% |
| Current assets | 29/58 | €49,045 | €59,143 | +€10,098 | +20.6% |
| Amounts receivable within one year | 40/41 | €21,128 | €32,142 | +€11,015 | +52.1% |
| Trade receivables | 40 | €1,982 | €970 | -€1,012 | -51.1% |
| Other amounts receivable | 41 | €19,146 | €31,172 | +€12,026 | +62.8% |
| Cash at bank and in hand | 54/58 | €27,435 | €26,847 | -€588 | -2.1% |
| Deferred charges and accrued income | 490/1 | €482 | €154 | -€328 | -68.1% |
| Total equity and liabilities | 10/49 | €60,539 | €72,773 | +€12,234 | +20.2% |
| Equity | 10/15 | €22,480 | €40,370 | +€17,889 | +79.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €18,485 | €21,770 | +€3,285 | +17.8% |
| Non-distributable reserves | 130/1 | €924 | €924 | = | 0.0% |
| Reserves not available under the articles | 1311 | €924 | €924 | = | 0.0% |
| Distributable reserves | 133 | €17,561 | €20,846 | +€3,285 | +18.7% |
| Profit (loss) carried forward | 14 | -€14,605 | - | +€14,605 | |
| Amounts payable | 17/49 | €38,059 | €32,403 | -€5,656 | -14.9% |
| Amounts payable after more than one year | 17 | €24,673 | €16,865 | -€7,808 | -31.6% |
| Financial debts | 170/4 | €24,673 | €16,865 | -€7,808 | -31.6% |
| Amounts payable within one year | 42/48 | €13,386 | €15,539 | +€2,153 | +16.1% |
| Current portion of amounts payable after more than one year | 42 | €7,415 | €7,808 | +€394 | +5.3% |
| Financial debts | 43 | €1,370 | €1,532 | +€162 | +11.8% |
| Credit institutions | 430/8 | €1,370 | €1,532 | +€162 | +11.8% |
| Trade debts | 44 | €701 | €711 | +€10 | +1.4% |
| Suppliers | 440/4 | €701 | €711 | +€10 | +1.4% |
| Taxes, remuneration and social security | 45 | €3,900 | €5,488 | +€1,588 | +40.7% |
| Taxes | 450/3 | €3,900 | €5,488 | +€1,588 | +40.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,213 | €3,436 | +€224 | +7.0% |
| Other operating charges | 640/8 | €298 | €184 | -€114 | -38.3% |
| Gross operating margin | 9900 | €15,905 | €31,055 | +€15,151 | +95.3% |
| Operating profit (loss) | 9901 | €12,394 | €27,435 | +€15,041 | +121% |
| Financial charges | 65/66B | €7,560 | €3,458 | -€4,102 | -54.3% |
| Recurring financial charges | 65 | €7,560 | €3,458 | -€4,102 | -54.3% |
| Profit (loss) for the period before taxes | 9903 | €4,834 | €23,977 | +€19,143 | +396% |
| Income taxes | 67/77 | €2,828 | €6,088 | +€3,260 | +115% |
| Profit (loss) for the period | 9904 | €2,006 | €17,889 | +€15,883 | +792% |
| Profit (loss) for the period to be appropriated | 9905 | €2,006 | €17,889 | +€15,883 | +792% |
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 20 October 2026 via checked.be.