PAUL VAN SANT: 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 SANT
Largest movements
- Cash +€14,574
up €14,574 (+210%), from €6,931 to €21,505
mainly Net result for the year (+€7,195) and Depreciation (+€5,207)
- Tangible fixed assets -€5,207
down €5,207 (-3.3%), from €157,550 to €152,343
of which Land and buildings: -€5,146
- Receivables within one year -€2,738
down €2,738 (-9.9%), from €27,544 to €24,806
of which Other amounts receivable: -€2,949
- Profit (loss) carried forward +€7,195
up €7,195 (+45.1%), from -€15,951 to -€8,756
- Gross operating margin -€6,669
down €6,669 (-31.4%), from €21,212 to €14,543
- Financial income +€632
up €632 (+25.9%), from €2,441 to €3,073
- Depreciation -€543
down €543 (-9.4%), from €5,750 to €5,207
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 | €192,578 | €200,872 | +€8,294 | +4.3% |
| Fixed assets | 21/28 | €157,550 | €152,343 | -€5,207 | -3.3% |
| Tangible fixed assets | 22/27 | €157,550 | €152,343 | -€5,207 | -3.3% |
| Land and buildings | 22 | €157,489 | €152,343 | -€5,146 | -3.3% |
| Furniture and vehicles | 24 | €61 | €0 | -€61 | -100% |
| Current assets | 29/58 | €35,028 | €48,529 | +€13,501 | +38.5% |
| Amounts receivable within one year | 40/41 | €27,544 | €24,806 | -€2,738 | -9.9% |
| Trade receivables | 40 | €5,893 | €6,104 | +€211 | +3.6% |
| Other amounts receivable | 41 | €21,651 | €18,703 | -€2,949 | -13.6% |
| Cash at bank and in hand | 54/58 | €6,931 | €21,505 | +€14,574 | +210% |
| Deferred charges and accrued income | 490/1 | €553 | €2,218 | +€1,665 | +301% |
| Total equity and liabilities | 10/49 | €192,578 | €200,872 | +€8,294 | +4.3% |
| Equity | 10/15 | €192,192 | €199,386 | +€7,195 | +3.7% |
| Contributions | 10/11 | €74,000 | €74,000 | = | 0.0% |
| Reserves | 13 | €134,143 | €134,143 | = | 0.0% |
| Distributable reserves | 133 | €134,143 | €134,143 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,951 | -€8,756 | +€7,195 | +45.1% |
| Amounts payable | 17/49 | €386 | €1,486 | +€1,099 | +285% |
| Amounts payable within one year | 42/48 | €386 | €1,486 | +€1,099 | +285% |
| Trade debts | 44 | €325 | €1,486 | +€1,161 | +357% |
| Suppliers | 440/4 | €325 | €1,486 | +€1,161 | +357% |
| Taxes, remuneration and social security | 45 | €61 | €0 | -€61 | -100% |
| Taxes | 450/3 | €61 | €0 | -€61 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,750 | €5,207 | -€543 | -9.4% |
| Other operating charges | 640/8 | €5,151 | €5,033 | -€117 | -2.3% |
| Gross operating margin | 9900 | €21,212 | €14,543 | -€6,669 | -31.4% |
| Operating profit (loss) | 9901 | €10,312 | €4,303 | -€6,009 | -58.3% |
| Financial income | 75/76B | €2,441 | €3,073 | +€632 | +25.9% |
| Recurring financial income | 75 | €2,441 | €3,073 | +€632 | +25.9% |
| Financial charges | 65/66B | €216 | €181 | -€35 | -16.2% |
| Recurring financial charges | 65 | €216 | €181 | -€35 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €12,537 | €7,195 | -€5,342 | -42.6% |
| Profit (loss) for the period | 9904 | €12,537 | €7,195 | -€5,342 | -42.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,537 | €7,195 | -€5,342 | -42.6% |
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 23 October 2026 via checked.be.