PAULIBRI: 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.
PAULIBRI
Largest movements
- Tangible fixed assets +€41,659
up €41,659 (+315%), from €13,245 to €54,905
- Receivables within one year +€1,789
up €1,789 (+21.4%), from €8,359 to €10,148
of which Other amounts receivable: +€1,010
- Debts after one year +€22,596
up €22,596 (+61.6%), from €36,674 to €59,270
of which Financial debts: +€34,971
- Profit (loss) carried forward +€13,448
up €13,448 (+14.5%), from -€92,480 to -€79,033
- Current portion of long-term debt +€12,076
new in 2025: €12,076
- Tax, wage and social debts -€4,970
down €4,970 (-39.1%), from €12,706 to €7,737
of which Taxes: -€5,870
- Short-term financial debts +€1,562
up €1,562 (+66.1%), from €2,362 to €3,924
- Gross operating margin +€15,087
up €15,087 (+76.0%), from €19,851 to €34,938
- Depreciation +€8,120
up €8,120 (+169%), from €4,794 to €12,915
- Financial charges +€2,444
up €2,444 (+248%), from €985 to €3,429
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 | €21,820 | €66,066 | +€44,246 | +203% |
| Fixed assets | 21/28 | €13,245 | €54,905 | +€41,659 | +315% |
| Tangible fixed assets | 22/27 | €13,245 | €54,905 | +€41,659 | +315% |
| Furniture and vehicles | 24 | €13,245 | €54,905 | +€41,659 | +315% |
| Current assets | 29/58 | €8,574 | €11,162 | +€2,587 | +30.2% |
| Amounts receivable within one year | 40/41 | €8,359 | €10,148 | +€1,789 | +21.4% |
| Trade receivables | 40 | €8,359 | €9,138 | +€779 | +9.3% |
| Other amounts receivable | 41 | - | €1,010 | +€1,010 | |
| Cash at bank and in hand | 54/58 | €112 | €520 | +€409 | +366% |
| Deferred charges and accrued income | 490/1 | €104 | €494 | +€390 | +376% |
| Total equity and liabilities | 10/49 | €21,820 | €66,066 | +€44,246 | +203% |
| Equity | 10/15 | -€31,430 | -€17,982 | +€13,448 | +42.8% |
| Contributions | 10/11 | €61,050 | €61,050 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€92,480 | -€79,033 | +€13,448 | +14.5% |
| Amounts payable | 17/49 | €53,250 | €84,048 | +€30,799 | +57.8% |
| Amounts payable after more than one year | 17 | €36,674 | €59,270 | +€22,596 | +61.6% |
| Financial debts | 170/4 | - | €34,971 | +€34,971 | |
| Other amounts payable | 178/9 | €36,674 | €24,299 | -€12,375 | -33.7% |
| Amounts payable within one year | 42/48 | €16,575 | €24,778 | +€8,202 | +49.5% |
| Current portion of amounts payable after more than one year | 42 | - | €12,076 | +€12,076 | |
| Financial debts | 43 | €2,362 | €3,924 | +€1,562 | +66.1% |
| Credit institutions | 430/8 | €2,362 | €3,924 | +€1,562 | +66.1% |
| Trade debts | 44 | €1,507 | €1,041 | -€466 | -30.9% |
| Suppliers | 440/4 | €1,507 | €1,041 | -€466 | -30.9% |
| Taxes, remuneration and social security | 45 | €12,706 | €7,737 | -€4,970 | -39.1% |
| Taxes | 450/3 | €12,706 | €6,837 | -€5,870 | -46.2% |
| Remuneration and social security | 454/9 | - | €900 | +€900 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,794 | €12,915 | +€8,120 | +169% |
| Other operating charges | 640/8 | €763 | €712 | -€50 | -6.6% |
| Gross operating margin | 9900 | €19,851 | €34,938 | +€15,087 | +76.0% |
| Operating profit (loss) | 9901 | €14,294 | €21,311 | +€7,017 | +49.1% |
| Financial income | 75/76B | - | €60 | +€60 | |
| Recurring financial income | 75 | - | €60 | +€60 | |
| Financial charges | 65/66B | €985 | €3,429 | +€2,444 | +248% |
| Recurring financial charges | 65 | €985 | €3,429 | +€2,444 | +248% |
| Profit (loss) for the period before taxes | 9903 | €13,310 | €17,942 | +€4,633 | +34.8% |
| Income taxes | 67/77 | €4,174 | €4,495 | +€321 | +7.7% |
| Profit (loss) for the period | 9904 | €9,136 | €13,448 | +€4,312 | +47.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,136 | €13,448 | +€4,312 | +47.2% |
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 23 October 2026 via checked.be.