PAULISTA: 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.
PAULISTA
Largest movements
- Tangible fixed assets -€164,378
down €164,378 (-16.0%), from €1.0m to €864,491
of which Plant, machinery and equipment: -€119,928
- Cash -€162,211
down €162,211 (-48.5%), from €334,517 to €172,306
mainly Investment in fixed assets (net) (-€390,713) and Net result for the year (-€257,357)
- Receivables within one year -€73,918
down €73,918 (-7.7%), from €961,699 to €887,781
of which Trade receivables: -€75,932
- Stocks and contracts -€46,346
down €46,346 (-7.3%), from €632,185 to €585,839
- Profit (loss) carried forward -€257,357
down €257,357 (-53.4%), from €482,148 to €224,791
- Debts after one year -€166,436
down €166,436 (-69.0%), from €241,120 to €74,684
- Depreciation +€138,262
up €138,262 (+33.2%), from €416,829 to €555,091
- Staff costs +€136,244
up €136,244 (+16.5%), from €827,824 to €964,068
- Write-downs -€39,889
down €39,889, from €11,725 to -€28,164
- Other operating charges +€32,764
up €32,764 (+117.9%), from €27,797 to €60,562
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 | €3,000,194 | €2,547,045 | -€453,149 | -15.1% |
| Fixed assets | 21/28 | €1,033,771 | €869,393 | -€164,378 | -15.9% |
| Tangible fixed assets | 22/27 | €1,028,869 | €864,491 | -€164,378 | -16.0% |
| Plant, machinery and equipment | 23 | €878,145 | €758,217 | -€119,928 | -13.7% |
| Furniture and vehicles | 24 | €116,691 | €78,767 | -€37,924 | -32.5% |
| Other tangible fixed assets | 26 | €34,034 | €27,507 | -€6,527 | -19.2% |
| Financial fixed assets | 28 | €4,902 | €4,902 | = | 0.0% |
| Current assets | 29/58 | €1,966,423 | €1,677,652 | -€288,771 | -14.7% |
| Amounts receivable after more than one year | 29 | €36,667 | €30,021 | -€6,646 | -18.1% |
| Other amounts receivable | 291 | €36,667 | €30,021 | -€6,646 | -18.1% |
| Stocks and contracts in progress | 3 | €632,185 | €585,839 | -€46,346 | -7.3% |
| Stocks | 30/36 | €632,185 | €585,839 | -€46,346 | -7.3% |
| Amounts receivable within one year | 40/41 | €961,699 | €887,781 | -€73,918 | -7.7% |
| Trade receivables | 40 | €928,908 | €852,976 | -€75,932 | -8.2% |
| Other amounts receivable | 41 | €32,791 | €34,805 | +€2,014 | +6.1% |
| Cash at bank and in hand | 54/58 | €334,517 | €172,306 | -€162,211 | -48.5% |
| Deferred charges and accrued income | 490/1 | €1,355 | €1,705 | +€350 | +25.8% |
| Total equity and liabilities | 10/49 | €3,000,194 | €2,547,045 | -€453,149 | -15.1% |
| Equity | 10/15 | €1,094,230 | €836,872 | -€257,357 | -23.5% |
| Contributions | 10/11 | €288,614 | €288,614 | = | 0.0% |
| Capital | 10 | €288,614 | €288,614 | = | 0.0% |
| Issued capital | 100 | €288,614 | €288,614 | = | 0.0% |
| Reserves | 13 | €323,467 | €323,467 | = | 0.0% |
| Non-distributable reserves | 130/1 | €28,861 | €28,861 | = | 0.0% |
| Legal reserve | 130 | €28,861 | €28,861 | = | 0.0% |
| Tax-exempt reserves | 132 | €721 | €721 | = | 0.0% |
| Distributable reserves | 133 | €293,884 | €293,884 | = | 0.0% |
| Profit (loss) carried forward | 14 | €482,148 | €224,791 | -€257,357 | -53.4% |
| Amounts payable | 17/49 | €1,905,964 | €1,710,173 | -€195,791 | -10.3% |
| Amounts payable after more than one year | 17 | €241,120 | €74,684 | -€166,436 | -69.0% |
| Financial debts | 170/4 | €241,120 | €74,684 | -€166,436 | -69.0% |
| Amounts payable within one year | 42/48 | €1,664,679 | €1,635,347 | -€29,333 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €170,686 | €165,004 | -€5,681 | -3.3% |
| Financial debts | 43 | €250,000 | €250,000 | = | 0.0% |
| Credit institutions | 430/8 | €250,000 | €250,000 | = | 0.0% |
| Trade debts | 44 | €1,095,178 | €1,070,188 | -€24,990 | -2.3% |
| Suppliers | 440/4 | €1,095,178 | €1,070,188 | -€24,990 | -2.3% |
| Taxes, remuneration and social security | 45 | €148,816 | €150,155 | +€1,339 | +0.9% |
| Taxes | 450/3 | €59,542 | €56,874 | -€2,668 | -4.5% |
| Remuneration and social security | 454/9 | €89,274 | €93,281 | +€4,007 | +4.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €165 | €143 | -€23 | -13.6% |
| Non-recurring operating income | 76A | €3,438 | €1,250 | -€2,188 | -63.6% |
| Remuneration, social security and pensions | 62 | €827,824 | €964,068 | +€136,244 | +16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €416,829 | €555,091 | +€138,262 | +33.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,725 | -€28,164 | -€39,889 | |
| Other operating charges | 640/8 | €27,797 | €60,562 | +€32,764 | +117.9% |
| Non-recurring operating charges | 66A | €4,883 | €21,983 | +€17,099 | +350.2% |
| Gross operating margin | 9900 | €1,344,428 | €1,340,645 | -€3,783 | -0.3% |
| Operating profit (loss) | 9901 | €55,370 | -€232,893 | -€288,263 | |
| Financial income | 75/76B | €1,305 | €4,118 | +€2,813 | +215.6% |
| Recurring financial income | 75 | €1,305 | €4,118 | +€2,813 | +215.6% |
| Financial charges | 65/66B | €29,689 | €27,890 | -€1,799 | -6.1% |
| Recurring financial charges | 65 | €29,689 | €27,890 | -€1,799 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €26,986 | -€256,666 | -€283,651 | |
| Income taxes | 67/77 | €13,305 | €692 | -€12,613 | -94.8% |
| Profit (loss) for the period | 9904 | €13,681 | -€257,357 | -€271,038 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,681 | -€257,357 | -€271,038 |
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 10 October 2026 via checked.be.