Pauline Manos Development: 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.
Pauline Manos Development
Largest movements
- Tangible fixed assets +€14,606
up €14,606 (+1,135%), from €1,287 to €15,893
- Receivables within one year +€10,026
up €10,026 (+41.5%), from €24,132 to €34,158
of which Trade receivables: +€9,989
- Cash +€4,571
up €4,571 (+2.5%), from €179,380 to €183,951
mainly Net result for the year (+€40,989) and Depreciation (+€1,479)
- Reserves +€40,989
up €40,989 (+23.4%), from €175,317 to €216,306
- Tax, wage and social debts -€6,013
down €6,013 (-53.3%), from €11,275 to €5,262
- Other debts -€5,789
down €5,789 (-87.1%), from €6,650 to €860
- Gross operating margin -€34,456
down €34,456 (-35.3%), from €97,640 to €63,185
- Taxes -€11,013
down €11,013 (-35.2%), from €31,275 to €20,262
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 | €204,799 | €234,002 | +€29,203 | +14.3% |
| Fixed assets | 21/28 | €1,287 | €15,893 | +€14,606 | +1,135% |
| Tangible fixed assets | 22/27 | €1,287 | €15,893 | +€14,606 | +1,135% |
| Furniture and vehicles | 24 | €1,287 | €15,893 | +€14,606 | +1,135% |
| Current assets | 29/58 | €203,512 | €218,109 | +€14,597 | +7.2% |
| Amounts receivable within one year | 40/41 | €24,132 | €34,158 | +€10,026 | +41.5% |
| Trade receivables | 40 | €22,353 | €32,342 | +€9,989 | +44.7% |
| Other amounts receivable | 41 | €1,779 | €1,816 | +€36 | +2.0% |
| Cash at bank and in hand | 54/58 | €179,380 | €183,951 | +€4,571 | +2.5% |
| Total equity and liabilities | 10/49 | €204,799 | €234,002 | +€29,203 | +14.3% |
| Equity | 10/15 | €186,839 | €227,828 | +€40,989 | +21.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €175,317 | €216,306 | +€40,989 | +23.4% |
| Distributable reserves | 133 | €175,317 | €216,306 | +€40,989 | +23.4% |
| Profit (loss) carried forward | 14 | €5,322 | €5,322 | = | 0.0% |
| Amounts payable | 17/49 | €17,960 | €6,174 | -€11,786 | -65.6% |
| Amounts payable within one year | 42/48 | €17,960 | €6,174 | -€11,786 | -65.6% |
| Trade debts | 44 | €35 | €51 | +€16 | +46.0% |
| Suppliers | 440/4 | €35 | €51 | +€16 | +46.0% |
| Taxes, remuneration and social security | 45 | €11,275 | €5,262 | -€6,013 | -53.3% |
| Taxes | 450/3 | €11,275 | €5,262 | -€6,013 | -53.3% |
| Other amounts payable | 47/48 | €6,650 | €860 | -€5,789 | -87.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €743 | €1,479 | +€736 | +99.1% |
| Other operating charges | 640/8 | €165 | €169 | +€4 | +2.4% |
| Gross operating margin | 9900 | €97,640 | €63,185 | -€34,456 | -35.3% |
| Operating profit (loss) | 9901 | €96,733 | €61,537 | -€35,195 | -36.4% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €494 | €286 | -€208 | -42.1% |
| Recurring financial charges | 65 | €494 | €286 | -€208 | -42.1% |
| Profit (loss) for the period before taxes | 9903 | €96,240 | €61,251 | -€34,989 | -36.4% |
| Income taxes | 67/77 | €31,275 | €20,262 | -€11,013 | -35.2% |
| Profit (loss) for the period | 9904 | €64,965 | €40,989 | -€23,976 | -36.9% |
| Profit (loss) for the period to be appropriated | 9905 | €64,965 | €40,989 | -€23,976 | -36.9% |
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 25 October 2026 via checked.be.