PAULROS: 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.
PAULROS
Largest movements
- Tangible fixed assets -€17,323
down €17,323 (-14.8%), from €116,788 to €99,465
of which Furniture and vehicles: -€11,565
- Stocks and contracts +€8,290
up €8,290 (+7.4%), from €112,110 to €120,400
- Cash -€3,275
down €3,275 (-96.6%), from €3,389 to €114
mainly Trade debts (-€17,698) and Stocks and contracts (-€8,290)
- Trade debts -€17,698
down €17,698 (-68.9%), from €25,690 to €7,993
- Profit (loss) carried forward +€17,308
up €17,308 (+9.3%), from -€185,520 to -€168,211
- Short-term financial debts -€5,565
down €5,565 (-29.8%), from €18,665 to €13,100
- Other debts -€4,504
down €4,504 (-49.1%), from €9,178 to €4,674
- Debts after one year -€2,621
down €2,621 (-0.8%), from €347,390 to €344,769
- Gross operating margin +€34,839
up €34,839 (+919.7%), from €3,788 to €38,627
- Financial charges -€1,253
down €1,253 (-34.6%), from €3,625 to €2,372
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 | €238,437 | €225,397 | -€13,041 | -5.5% |
| Fixed assets | 21/28 | €116,788 | €99,465 | -€17,323 | -14.8% |
| Tangible fixed assets | 22/27 | €116,788 | €99,465 | -€17,323 | -14.8% |
| Land and buildings | 22 | €47,616 | €45,235 | -€2,381 | -5.0% |
| Plant, machinery and equipment | 23 | €8,940 | €5,563 | -€3,377 | -37.8% |
| Furniture and vehicles | 24 | €60,232 | €48,666 | -€11,565 | -19.2% |
| Current assets | 29/58 | €121,649 | €125,932 | +€4,283 | +3.5% |
| Stocks and contracts in progress | 3 | €112,110 | €120,400 | +€8,290 | +7.4% |
| Stocks | 30/36 | €112,110 | €120,400 | +€8,290 | +7.4% |
| Amounts receivable within one year | 40/41 | €3,767 | €2,766 | -€1,001 | -26.6% |
| Trade receivables | 40 | €3,356 | €2,120 | -€1,236 | -36.8% |
| Other amounts receivable | 41 | €411 | €646 | +€235 | +57.3% |
| Cash at bank and in hand | 54/58 | €3,389 | €114 | -€3,275 | -96.6% |
| Deferred charges and accrued income | 490/1 | €2,384 | €2,652 | +€268 | +11.2% |
| Total equity and liabilities | 10/49 | €238,437 | €225,397 | -€13,041 | -5.5% |
| Equity | 10/15 | -€165,069 | -€147,760 | +€17,308 | +10.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€185,520 | -€168,211 | +€17,308 | +9.3% |
| Amounts payable | 17/49 | €403,506 | €373,157 | -€30,349 | -7.5% |
| Amounts payable after more than one year | 17 | €347,390 | €344,769 | -€2,621 | -0.8% |
| Financial debts | 170/4 | €347,390 | €344,769 | -€2,621 | -0.8% |
| Amounts payable within one year | 42/48 | €56,116 | €28,387 | -€27,728 | -49.4% |
| Current portion of amounts payable after more than one year | 42 | €2,582 | €2,621 | +€39 | +1.5% |
| Financial debts | 43 | €18,665 | €13,100 | -€5,565 | -29.8% |
| Credit institutions | 430/8 | €18,665 | €13,100 | -€5,565 | -29.8% |
| Trade debts | 44 | €25,690 | €7,993 | -€17,698 | -68.9% |
| Suppliers | 440/4 | €25,690 | €7,993 | -€17,698 | -68.9% |
| Other amounts payable | 47/48 | €9,178 | €4,674 | -€4,504 | -49.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,409 | €17,323 | -€86 | -0.5% |
| Other operating charges | 640/8 | €1,321 | €1,623 | +€302 | +22.9% |
| Gross operating margin | 9900 | €3,788 | €38,627 | +€34,839 | +919.7% |
| Operating profit (loss) | 9901 | -€14,942 | €19,681 | +€34,623 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €3,625 | €2,372 | -€1,253 | -34.6% |
| Recurring financial charges | 65 | €3,625 | €2,372 | -€1,253 | -34.6% |
| Profit (loss) for the period before taxes | 9903 | -€18,566 | €17,308 | +€35,875 | |
| Profit (loss) for the period | 9904 | -€18,566 | €17,308 | +€35,875 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,566 | €17,308 | +€35,875 |
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 3 October 2026 via checked.be.