PAULINE ANDRE: 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.
PAULINE ANDRE
Largest movements
- Receivables within one year -€17,576
down €17,576 (-54.6%), from €32,173 to €14,597
of which Other amounts receivable: -€17,590
- Cash +€6,394
up €6,394 (+12.3%), from €51,893 to €58,287
mainly Receivables within one year (+€17,576) and Tax, wage and social debts (+€12,505)
- Tangible fixed assets -€6,133
down €6,133 (-41.5%), from €14,770 to €8,636
- Deferred charges and accrued income +€1,292
up €1,292 (+2159.0%), from €60 to €1,352
- Reserves -€31,899
no longer reported in 2025 (was €31,899)
- Tax, wage and social debts +€12,505
up €12,505 (+5820.0%), from €215 to €12,720
of which Remuneration and social security: +€7,315
- Profit (loss) carried forward +€4,209
up €4,209 (+18.2%), from €23,129 to €27,339
- Staff costs +€10,040
up €10,040 (+19.9%), from €50,490 to €60,530
- Gross operating margin +€5,104
up €5,104 (+7.7%), from €66,476 to €71,580
- Depreciation +€2,319
up €2,319 (+84.8%), from €2,735 to €5,054
- Taxes -€1,081
down €1,081 (-36.0%), from €3,000 to €1,918
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 | €101,570 | €85,547 | -€16,023 | -15.8% |
| Fixed assets | 21/28 | €17,445 | €11,311 | -€6,133 | -35.2% |
| Tangible fixed assets | 22/27 | €14,770 | €8,636 | -€6,133 | -41.5% |
| Furniture and vehicles | 24 | €14,770 | €8,636 | -€6,133 | -41.5% |
| Financial fixed assets | 28 | €2,675 | €2,675 | = | 0.0% |
| Current assets | 29/58 | €84,126 | €74,236 | -€9,890 | -11.8% |
| Amounts receivable within one year | 40/41 | €32,173 | €14,597 | -€17,576 | -54.6% |
| Trade receivables | 40 | €7,333 | €7,347 | +€14 | +0.2% |
| Other amounts receivable | 41 | €24,840 | €7,250 | -€17,590 | -70.8% |
| Cash at bank and in hand | 54/58 | €51,893 | €58,287 | +€6,394 | +12.3% |
| Deferred charges and accrued income | 490/1 | €60 | €1,352 | +€1,292 | +2159.0% |
| Total equity and liabilities | 10/49 | €101,570 | €85,547 | -€16,023 | -15.8% |
| Equity | 10/15 | €70,028 | €42,339 | -€27,689 | -39.5% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €31,899 | - | -€31,899 | |
| Distributable reserves | 133 | €31,899 | - | -€31,899 | |
| Profit (loss) carried forward | 14 | €23,129 | €27,339 | +€4,209 | +18.2% |
| Amounts payable | 17/49 | €31,542 | €43,208 | +€11,666 | +37.0% |
| Amounts payable within one year | 42/48 | €31,542 | €43,208 | +€11,666 | +37.0% |
| Trade debts | 44 | €912 | €488 | -€423 | -46.4% |
| Suppliers | 440/4 | €912 | €488 | -€423 | -46.4% |
| Taxes, remuneration and social security | 45 | €215 | €12,720 | +€12,505 | +5820.0% |
| Taxes | 450/3 | €215 | €5,405 | +€5,190 | +2415.6% |
| Remuneration and social security | 454/9 | - | €7,315 | +€7,315 | |
| Other amounts payable | 47/48 | €30,415 | €30,000 | -€415 | -1.4% |
| Remuneration, social security and pensions | 62 | €50,490 | €60,530 | +€10,040 | +19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,735 | €5,054 | +€2,319 | +84.8% |
| Other operating charges | 640/8 | - | €419 | +€419 | |
| Non-recurring operating charges | 66A | - | €1,080 | +€1,080 | |
| Gross operating margin | 9900 | €66,476 | €71,580 | +€5,104 | +7.7% |
| Operating profit (loss) | 9901 | €13,251 | €4,498 | -€8,753 | -66.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €869 | €269 | -€600 | -69.0% |
| Recurring financial charges | 65 | €869 | €269 | -€600 | -69.0% |
| Profit (loss) for the period before taxes | 9903 | €12,382 | €4,229 | -€8,153 | -65.8% |
| Income taxes | 67/77 | €3,000 | €1,918 | -€1,081 | -36.0% |
| Profit (loss) for the period | 9904 | €9,383 | €2,311 | -€7,072 | -75.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,383 | €2,311 | -€7,072 | -75.4% |
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 7 October 2026 via checked.be.