PAULUS: 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.
PAULUS
Largest movements
- Cash +€5,639
up €5,639 (+6.1%), from €92,359 to €97,998
mainly Net result for the year (+€38,008) and Tax, wage and social debts (+€13,405)
- Stocks and contracts +€2,456
up €2,456 (+58.9%), from €4,168 to €6,624
- Receivables within one year +€1,610
new in 2025: €1,610
- Tax, wage and social debts +€13,405
up €13,405 (+233%), from €5,759 to €19,164
of which Remuneration and social security: +€7,231
- Other debts -€7,503
down €7,503 (-96.7%), from €7,759 to €256
- Trade debts +€4,858
up €4,858 (+69.8%), from €6,960 to €11,818
- Reserves -€2,129
down €2,129 (-3.3%), from €63,904 to €61,774
- Gross operating margin +€10,054
up €10,054 (+10.3%), from €97,549 to €107,603
- Depreciation -€6,769
down €6,769 (-84.3%), from €8,035 to €1,265
- Staff costs +€6,558
up €6,558 (+14.2%), from €46,081 to €52,638
- Taxes +€2,981
up €2,981 (+28.3%), from €10,552 to €13,533
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 | €102,982 | €111,613 | +€8,631 | +8.4% |
| Fixed assets | 21/28 | €2,505 | €1,406 | -€1,099 | -43.9% |
| Tangible fixed assets | 22/27 | €2,505 | €1,406 | -€1,099 | -43.9% |
| Plant, machinery and equipment | 23 | €2,076 | €1,406 | -€671 | -32.3% |
| Furniture and vehicles | 24 | €428 | - | -€428 | |
| Current assets | 29/58 | €100,477 | €110,207 | +€9,730 | +9.7% |
| Stocks and contracts in progress | 3 | €4,168 | €6,624 | +€2,456 | +58.9% |
| Stocks | 30/36 | €4,168 | €6,624 | +€2,456 | +58.9% |
| Amounts receivable within one year | 40/41 | - | €1,610 | +€1,610 | |
| Trade receivables | 40 | - | €1,610 | +€1,610 | |
| Cash at bank and in hand | 54/58 | €92,359 | €97,998 | +€5,639 | +6.1% |
| Deferred charges and accrued income | 490/1 | €3,950 | €3,976 | +€26 | +0.6% |
| Total equity and liabilities | 10/49 | €102,982 | €111,613 | +€8,631 | +8.4% |
| Equity | 10/15 | €82,504 | €80,374 | -€2,129 | -2.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €63,904 | €61,774 | -€2,129 | -3.3% |
| Distributable reserves | 133 | €63,904 | €61,774 | -€2,129 | -3.3% |
| Amounts payable | 17/49 | €20,478 | €31,238 | +€10,760 | +52.5% |
| Amounts payable within one year | 42/48 | €20,478 | €31,238 | +€10,760 | +52.5% |
| Trade debts | 44 | €6,960 | €11,818 | +€4,858 | +69.8% |
| Suppliers | 440/4 | €6,960 | €11,818 | +€4,858 | +69.8% |
| Taxes, remuneration and social security | 45 | €5,759 | €19,164 | +€13,405 | +233% |
| Taxes | 450/3 | €1,879 | €8,052 | +€6,173 | +329% |
| Remuneration and social security | 454/9 | €3,881 | €11,112 | +€7,231 | +186% |
| Other amounts payable | 47/48 | €7,759 | €256 | -€7,503 | -96.7% |
| Remuneration, social security and pensions | 62 | €46,081 | €52,638 | +€6,558 | +14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,035 | €1,265 | -€6,769 | -84.3% |
| Other operating charges | 640/8 | €1,168 | €1,170 | +€2 | +0.2% |
| Gross operating margin | 9900 | €97,549 | €107,603 | +€10,054 | +10.3% |
| Operating profit (loss) | 9901 | €42,266 | €52,530 | +€10,264 | +24.3% |
| Financial income | 75/76B | €0 | €1 | +€1 | +2,500% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +2,500% |
| Financial charges | 65/66B | €1,293 | €989 | -€305 | -23.6% |
| Recurring financial charges | 65 | €1,293 | €989 | -€305 | -23.6% |
| Profit (loss) for the period before taxes | 9903 | €40,972 | €51,541 | +€10,569 | +25.8% |
| Income taxes | 67/77 | €10,552 | €13,533 | +€2,981 | +28.3% |
| Profit (loss) for the period | 9904 | €30,420 | €38,008 | +€7,588 | +24.9% |
| Profit (loss) for the period to be appropriated | 9905 | €30,420 | €38,008 | +€7,588 | +24.9% |
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 17 October 2026 via checked.be.