Paula: 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.
Paula
Largest movements
- Receivables within one year -€44,344
down €44,344 (-28.7%), from €154,527 to €110,183
of which Other amounts receivable: -€44,344
- Tangible fixed assets -€40,955
down €40,955 (-2.9%), from €1.4m to €1.4m
of which Land and buildings: -€40,604
- Debts after one year -€150,150
down €150,150 (-13.5%), from €1.1m to €964,480
- Other debts +€70,354
up €70,354 (+69.4%), from €101,344 to €171,698
- Financial charges -€48,181
down €48,181 (-69.1%), from €69,713 to €21,532
- Gross operating margin +€3,960
up €3,960 (+7.8%), from €50,808 to €54,768
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 | €1,567,837 | €1,481,309 | -€86,528 | -5.5% |
| Fixed assets | 21/28 | €1,407,021 | €1,366,066 | -€40,955 | -2.9% |
| Tangible fixed assets | 22/27 | €1,406,221 | €1,365,266 | -€40,955 | -2.9% |
| Land and buildings | 22 | €1,404,369 | €1,363,765 | -€40,604 | -2.9% |
| Plant, machinery and equipment | 23 | €1,852 | €1,500 | -€352 | -19.0% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €160,816 | €115,243 | -€45,572 | -28.3% |
| Amounts receivable within one year | 40/41 | €154,527 | €110,183 | -€44,344 | -28.7% |
| Trade receivables | 40 | €35,090 | €35,090 | = | 0.0% |
| Other amounts receivable | 41 | €119,437 | €75,093 | -€44,344 | -37.1% |
| Cash at bank and in hand | 54/58 | €6,289 | €560 | -€5,729 | -91.1% |
| Deferred charges and accrued income | 490/1 | €0 | €4,500 | +€4,500 | |
| Total equity and liabilities | 10/49 | €1,567,837 | €1,481,309 | -€86,528 | -5.5% |
| Equity | 10/15 | €204,025 | €195,007 | -€9,018 | -4.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €231,631 | €231,631 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €231,631 | €231,631 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,006 | -€49,024 | -€9,018 | -22.5% |
| Amounts payable | 17/49 | €1,363,812 | €1,286,302 | -€77,510 | -5.7% |
| Amounts payable after more than one year | 17 | €1,114,630 | €964,480 | -€150,150 | -13.5% |
| Financial debts | 170/4 | €1,114,630 | €964,480 | -€150,150 | -13.5% |
| Amounts payable within one year | 42/48 | €249,182 | €320,022 | +€70,841 | +28.4% |
| Current portion of amounts payable after more than one year | 42 | €146,887 | €147,741 | +€855 | +0.6% |
| Trade debts | 44 | €951 | €583 | -€368 | -38.7% |
| Suppliers | 440/4 | €951 | €583 | -€368 | -38.7% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €101,344 | €171,698 | +€70,354 | +69.4% |
| Accrued charges and deferred income | 492/3 | - | €1,800 | +€1,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,955 | €40,955 | = | 0.0% |
| Other operating charges | 640/8 | €1,217 | €1,298 | +€81 | +6.7% |
| Gross operating margin | 9900 | €50,808 | €54,768 | +€3,960 | +7.8% |
| Operating profit (loss) | 9901 | €8,636 | €12,514 | +€3,879 | +44.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €69,713 | €21,532 | -€48,181 | -69.1% |
| Recurring financial charges | 65 | €69,713 | €21,532 | -€48,181 | -69.1% |
| Profit (loss) for the period before taxes | 9903 | -€61,078 | -€9,018 | +€52,060 | +85.2% |
| Profit (loss) for the period | 9904 | -€61,078 | -€9,018 | +€52,060 | +85.2% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€61,078 | -€9,018 | +€52,060 | +85.2% |
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 13 October 2026 via checked.be.