PAULIMARG: 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.
PAULIMARG
Largest movements
- Tangible fixed assets -€9,724
down €9,724 (-4.8%), from €204,518 to €194,794
- Debts after one year -€11,693
down €11,693 (-48.6%), from €24,081 to €12,388
- Accrued charges and deferred income +€7,637
up €7,637 (+218%), from €3,496 to €11,133
- Profit (loss) carried forward -€4,857
down €4,857 (-11.9%), from -€40,721 to -€45,578
- Current portion of long-term debt -€4,650
down €4,650 (-26.1%), from €17,841 to €13,191
- Other debts +€3,839
new in 2025: €3,839
- Financial income +€11,365
new in 2025: €11,365
of which Financial income: +€11,365
- Gross operating margin -€10,200
down €10,200 (-70.8%), from €14,399 to €4,199
- Other operating charges +€5,653
up €5,653 (+212%), from €2,663 to €8,316
- Financial charges -€1,039
down €1,039 (-30.4%), from €3,419 to €2,380
- Purchases and services -€438
down €438 (-10.5%), from €4,180 to €3,742
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €204,697 | €194,973 | -€9,724 | -4.8% |
| Fixed assets | 21/28 | €204,697 | €194,973 | -€9,724 | -4.8% |
| Tangible fixed assets | 22/27 | €204,518 | €194,794 | -€9,724 | -4.8% |
| Land and buildings | 22 | €204,518 | €194,794 | -€9,724 | -4.8% |
| Financial fixed assets | 28 | €179 | €179 | = | 0.0% |
| Total equity and liabilities | 10/49 | €204,697 | €194,973 | -€9,724 | -4.8% |
| Equity | 10/15 | €159,279 | €154,422 | -€4,857 | -3.0% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,721 | -€45,578 | -€4,857 | -11.9% |
| Amounts payable | 17/49 | €45,418 | €40,551 | -€4,867 | -10.7% |
| Amounts payable after more than one year | 17 | €24,081 | €12,388 | -€11,693 | -48.6% |
| Financial debts | 170/4 | €24,081 | €12,388 | -€11,693 | -48.6% |
| Amounts payable within one year | 42/48 | €17,841 | €17,030 | -€811 | -4.5% |
| Current portion of amounts payable after more than one year | 42 | €17,841 | €13,191 | -€4,650 | -26.1% |
| Other amounts payable | 47/48 | - | €3,839 | +€3,839 | |
| Accrued charges and deferred income | 492/3 | €3,496 | €11,133 | +€7,637 | +218% |
| Turnover | 70 | €7,560 | €7,941 | +€381 | +5.0% |
| Non-recurring operating income | 76A | €11,019 | - | -€11,019 | |
| Goods, raw materials, services and sundry goods | 60/61 | €4,180 | €3,742 | -€438 | -10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,726 | €9,725 | -€1 | 0.0% |
| Other operating charges | 640/8 | €2,663 | €8,316 | +€5,653 | +212% |
| Gross operating margin | 9900 | €14,399 | €4,199 | -€10,200 | -70.8% |
| Operating profit (loss) | 9901 | €2,010 | -€13,842 | -€15,852 | |
| Financial income | 75/76B | - | €11,365 | +€11,365 | |
| Recurring financial income | 75 | - | €11,365 | +€11,365 | |
| Non-recurring financial income | 76B | - | €11,365 | +€11,365 | |
| Financial charges | 65/66B | €3,419 | €2,380 | -€1,039 | -30.4% |
| Recurring financial charges | 65 | €3,419 | €2,380 | -€1,039 | -30.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,409 | -€4,857 | -€3,448 | -245% |
| Profit (loss) for the period | 9904 | -€1,409 | -€4,857 | -€3,448 | -245% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,409 | -€4,857 | -€3,448 | -245% |
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.