PAUL VAN GILS: 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 GILS
Largest movements
- Cash -€201,600
down €201,600 (-61.9%), from €325,656 to €124,056
mainly Contributions, distributions and other (-€679,450) and Debts after one year (-€27,358)
- Receivables within one year -€93,191
down €93,191 (-20.9%), from €445,437 to €352,246
of which Trade receivables: -€63,191
- Reserves -€290,303
down €290,303 (-98.9%), from €293,455 to €3,152
of which Tax-exempt reserves: -€189,450
- Other debts +€35,287
up €35,287 (+6.4%), from €549,165 to €584,452
- Debts after one year -€27,358
down €27,358 (-74.8%), from €36,597 to €9,239
- Tax, wage and social debts -€12,262
down €12,262 (-9.1%), from €134,727 to €122,465
- Turnover +€385,714
up €385,714 (+176%), from €218,933 to €604,646
- Taxes +€95,669
up €95,669 (+273%), from €35,023 to €130,692
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 | €1,062,593 | €767,802 | -€294,791 | -27.7% |
| Fixed assets | 21/28 | €291,500 | €291,500 | = | 0.0% |
| Financial fixed assets | 28 | €291,500 | €291,500 | = | 0.0% |
| Affiliated companies | 280/1 | €291,500 | €291,500 | = | 0.0% |
| Participating interests | 280 | €291,500 | €291,500 | = | 0.0% |
| Current assets | 29/58 | €771,093 | €476,302 | -€294,791 | -38.2% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €445,437 | €352,246 | -€93,191 | -20.9% |
| Trade receivables | 40 | €415,437 | €352,246 | -€63,191 | -15.2% |
| Other amounts receivable | 41 | €30,000 | €0 | -€30,000 | -100% |
| Cash at bank and in hand | 54/58 | €325,656 | €124,056 | -€201,600 | -61.9% |
| Total equity and liabilities | 10/49 | €1,062,593 | €767,802 | -€294,791 | -27.7% |
| Equity | 10/15 | €312,055 | €21,752 | -€290,303 | -93.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €293,455 | €3,152 | -€290,303 | -98.9% |
| Tax-exempt reserves | 132 | €189,450 | €0 | -€189,450 | -100% |
| Distributable reserves | 133 | €104,005 | €3,152 | -€100,853 | -97.0% |
| Amounts payable | 17/49 | €750,539 | €746,050 | -€4,488 | -0.6% |
| Amounts payable after more than one year | 17 | €36,597 | €9,239 | -€27,358 | -74.8% |
| Financial debts | 170/4 | €36,597 | €9,239 | -€27,358 | -74.8% |
| Credit institutions | 173 | €36,597 | €9,239 | -€27,358 | -74.8% |
| Amounts payable within one year | 42/48 | €713,942 | €736,811 | +€22,870 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €26,826 | €27,358 | +€532 | +2.0% |
| Trade debts | 44 | €3,224 | €2,536 | -€687 | -21.3% |
| Suppliers | 440/4 | €3,224 | €2,536 | -€687 | -21.3% |
| Taxes, remuneration and social security | 45 | €134,727 | €122,465 | -€12,262 | -9.1% |
| Taxes | 450/3 | €134,727 | €122,465 | -€12,262 | -9.1% |
| Other amounts payable | 47/48 | €549,165 | €584,452 | +€35,287 | +6.4% |
| Operating income | 70/76A | €221,566 | €607,103 | +€385,538 | +174% |
| Turnover | 70 | €218,933 | €604,646 | +€385,714 | +176% |
| Other operating income | 74 | €2,633 | €2,457 | -€176 | -6.7% |
| Operating charges | 60/66A | €82,273 | €85,790 | +€3,517 | +4.3% |
| Services and other goods | 61 | €81,188 | €84,672 | +€3,484 | +4.3% |
| Other operating charges | 640/8 | €1,086 | €1,118 | +€33 | +3.0% |
| Operating profit (loss) | 9901 | €139,293 | €521,313 | +€382,020 | +274% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Income from current assets | 751 | €0 | - | = | |
| Financial charges | 65/66B | €2,124 | €1,474 | -€650 | -30.6% |
| Recurring financial charges | 65 | €2,124 | €1,474 | -€650 | -30.6% |
| Debt charges | 650 | €1,924 | €1,274 | -€650 | -33.8% |
| Other financial charges | 652/9 | €200 | €200 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €137,168 | €519,839 | +€382,671 | +279% |
| Income taxes | 67/77 | €35,023 | €130,692 | +€95,669 | +273% |
| Taxes | 670/3 | €35,023 | €130,692 | +€95,669 | +273% |
| Profit (loss) for the period | 9904 | €102,145 | €389,147 | +€287,002 | +281% |
| Transfer from tax-exempt reserves | 789 | €134,720 | €189,450 | +€54,730 | +40.6% |
| Profit (loss) for the period to be appropriated | 9905 | €236,865 | €578,597 | +€341,732 | +144% |
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 24 October 2026 via checked.be.