PAULUC: 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.
PAULUC
Largest movements
- Receivables within one year +€43,953
up €43,953 (+1265.6%), from €3,473 to €47,426
of which Other amounts receivable: +€39,043
- Cash +€24,931
new in 2025: €24,931
mainly Net result for the year (+€468,961) and Other debts (+€205,942)
- Current investments -€19,802
no longer reported in 2025 (was €19,802)
- Debts after one year -€358,006
down €358,006 (-54.1%), from €661,906 to €303,900
of which Other amounts payable: -€250,000
- Profit (loss) carried forward +€218,961
up €218,961 (+164.3%), from €133,297 to €352,258
- Other debts +€205,942
up €205,942 (+284.4%), from €72,414 to €278,357
- Tax, wage and social debts -€27,787
down €27,787 (-73.3%), from €37,882 to €10,096
- Financial income +€340,358
up €340,358 (+184027.0%), from €185 to €340,543
- Gross operating margin +€83,709
up €83,709 (+73.5%), from €113,967 to €197,676
- Taxes +€22,591
up €22,591 (+103.9%), from €21,747 to €44,338
- Financial charges -€2,244
down €2,244 (-8.3%), from €26,964 to €24,720
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 | €1,023,460 | €1,073,524 | +€50,064 | +4.9% |
| Fixed assets | 21/28 | €1,000,000 | €1,000,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,000,000 | €1,000,000 | = | 0.0% |
| Current assets | 29/58 | €23,460 | €73,524 | +€50,064 | +213.4% |
| Amounts receivable within one year | 40/41 | €3,473 | €47,426 | +€43,953 | +1265.6% |
| Trade receivables | 40 | €220 | €5,130 | +€4,910 | +2233.9% |
| Other amounts receivable | 41 | €3,253 | €42,296 | +€39,043 | +1200.2% |
| Current investments | 50/53 | €19,802 | - | -€19,802 | |
| Cash at bank and in hand | 54/58 | - | €24,931 | +€24,931 | |
| Deferred charges and accrued income | 490/1 | €185 | €1,167 | +€982 | +530.8% |
| Total equity and liabilities | 10/49 | €1,023,460 | €1,073,524 | +€50,064 | +4.9% |
| Equity | 10/15 | €136,297 | €355,258 | +€218,961 | +160.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €133,297 | €352,258 | +€218,961 | +164.3% |
| Amounts payable | 17/49 | €887,163 | €718,266 | -€168,897 | -19.0% |
| Amounts payable after more than one year | 17 | €661,906 | €303,900 | -€358,006 | -54.1% |
| Financial debts | 170/4 | €411,906 | €303,900 | -€108,006 | -26.2% |
| Other amounts payable | 178/9 | €250,000 | - | -€250,000 | |
| Amounts payable within one year | 42/48 | €215,198 | €404,586 | +€189,388 | +88.0% |
| Current portion of amounts payable after more than one year | 42 | €104,901 | €108,006 | +€3,104 | +3.0% |
| Trade debts | 44 | - | €8,128 | +€8,128 | |
| Suppliers | 440/4 | - | €8,128 | +€8,128 | |
| Taxes, remuneration and social security | 45 | €37,882 | €10,096 | -€27,787 | -73.3% |
| Taxes | 450/3 | €37,882 | €10,096 | -€27,787 | -73.3% |
| Other amounts payable | 47/48 | €72,414 | €278,357 | +€205,942 | +284.4% |
| Accrued charges and deferred income | 492/3 | €10,060 | €9,780 | -€280 | -2.8% |
| Other operating charges | 640/8 | €200 | €200 | = | 0.0% |
| Gross operating margin | 9900 | €113,967 | €197,676 | +€83,709 | +73.5% |
| Operating profit (loss) | 9901 | €113,767 | €197,476 | +€83,709 | +73.6% |
| Financial income | 75/76B | €185 | €340,543 | +€340,358 | +184027.0% |
| Recurring financial income | 75 | €185 | €340,543 | +€340,358 | +184027.0% |
| Financial charges | 65/66B | €26,964 | €24,720 | -€2,244 | -8.3% |
| Recurring financial charges | 65 | €26,964 | €24,720 | -€2,244 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €86,988 | €513,299 | +€426,312 | +490.1% |
| Income taxes | 67/77 | €21,747 | €44,338 | +€22,591 | +103.9% |
| Profit (loss) for the period | 9904 | €65,241 | €468,961 | +€403,720 | +618.8% |
| Profit (loss) for the period to be appropriated | 9905 | €65,241 | €468,961 | +€403,720 | +618.8% |
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 2 October 2026 via checked.be.