PAULI: what changed
Two fiscal 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.
PAULI
Largest movements
- Cash -€177
down €177 (-80.0%), from €221 to €44
mainly Net result for the year (-€968)
- Profit (loss) carried forward -€968
down €968 (-7.2%), from -€13,457 to -€14,425
- Accrued charges and deferred income +€400
new in 2025: €400
- Other debts +€392
up €392 (+3.2%), from €12,220 to €12,612
- Other operating charges -€368
down €368 (-40.4%), from €912 to €544
- Financial charges +€80
up €80 (+22.1%), from €364 to €444
- Gross operating margin -€36
down €36 (-64.6%), from €56 to €20
- Staff costs +€17
up €17, from -€17 to €0
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.
Cash bridge derived
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 | €2,321 | €2,144 | -€177 | -7.6% |
| Current assets | 29/58 | €2,321 | €2,144 | -€177 | -7.6% |
| Amounts receivable within one year | 40/41 | €2,100 | €2,100 | = | 0.0% |
| Trade receivables | 40 | €2,100 | €2,100 | = | 0.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €221 | €44 | -€177 | -80.0% |
| Total equity and liabilities | 10/49 | €2,321 | €2,144 | -€177 | -7.6% |
| Equity | 10/15 | -€10,457 | -€11,425 | -€968 | -9.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,457 | -€14,425 | -€968 | -7.2% |
| Amounts payable | 17/49 | €12,778 | €13,569 | +€791 | +6.2% |
| Amounts payable within one year | 42/48 | €12,778 | €13,170 | +€392 | +3.1% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €558 | €558 | = | 0.0% |
| Taxes | 450/3 | €558 | €558 | = | 0.0% |
| Other amounts payable | 47/48 | €12,220 | €12,612 | +€392 | +3.2% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Remuneration, social security and pensions | 62 | -€17 | €0 | +€17 | |
| Other operating charges | 640/8 | €912 | €544 | -€368 | -40.4% |
| Gross operating margin | 9900 | €56 | €20 | -€36 | -64.6% |
| Operating profit (loss) | 9901 | -€839 | -€524 | +€315 | +37.6% |
| Financial charges | 65/66B | €364 | €444 | +€80 | +22.1% |
| Recurring financial charges | 65 | €364 | €444 | +€80 | +22.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,203 | -€968 | +€235 | +19.5% |
| Profit (loss) for the period | 9904 | -€1,203 | -€968 | +€235 | +19.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,203 | -€968 | +€235 | +19.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.