PAULVALROB: 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.
PAULVALROB
Largest movements
- Financial fixed assets -€68,430
down €68,430 (-85.3%), from €80,227 to €11,797
- Cash +€39,691
up €39,691 (+150%), from €26,493 to €66,184
mainly Investment in fixed assets (net) (+€64,779) and Net result for the year (+€52,802)
- Tangible fixed assets -€13,832
down €13,832 (-18.3%), from €75,754 to €61,922
- Receivables within one year +€8,528
up €8,528 (+40.0%), from €21,296 to €29,824
of which Trade receivables: +€8,470
- Other debts -€99,419
down €99,419 (-50.4%), from €197,389 to €97,970
- Reserves +€51,969
up €51,969 (+218%), from €23,835 to €75,803
- Provisions +€28,172
up €28,172 (+50.5%), from €55,760 to €83,932
- Debts after one year -€9,714
down €9,714 (-25.3%), from €38,350 to €28,636
- Tax, wage and social debts -€3,991
down €3,991 (-50.2%), from €7,949 to €3,958
- Turnover +€175,850
new in 2025: €175,850
- Purchases and services +€75,052
new in 2025: €75,052
- Gross operating margin +€39,511
up €39,511 (+46.3%), from €85,401 to €124,913
- Financial charges -€17,916
down €17,916 (-68.0%), from €26,349 to €8,433
- Depreciation +€12,210
up €12,210 (+232%), from €5,273 to €17,483
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 | €353,770 | €320,999 | -€32,770 | -9.3% |
| Fixed assets | 21/28 | €155,981 | €73,719 | -€82,262 | -52.7% |
| Tangible fixed assets | 22/27 | €75,754 | €61,922 | -€13,832 | -18.3% |
| Furniture and vehicles | 24 | €75,754 | €61,922 | -€13,832 | -18.3% |
| Financial fixed assets | 28 | €80,227 | €11,797 | -€68,430 | -85.3% |
| Current assets | 29/58 | €197,789 | €247,281 | +€49,492 | +25.0% |
| Amounts receivable after more than one year | 29 | €150,000 | €150,000 | = | 0.0% |
| Other amounts receivable | 291 | €150,000 | €150,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €21,296 | €29,824 | +€8,528 | +40.0% |
| Trade receivables | 40 | €21,296 | €29,766 | +€8,470 | +39.8% |
| Other amounts receivable | 41 | - | €58 | +€58 | |
| Cash at bank and in hand | 54/58 | €26,493 | €66,184 | +€39,691 | +150% |
| Deferred charges and accrued income | 490/1 | - | €1,272 | +€1,272 | |
| Total equity and liabilities | 10/49 | €353,770 | €320,999 | -€32,770 | -9.3% |
| Equity | 10/15 | €44,295 | €96,263 | +€51,969 | +117% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €23,835 | €75,803 | +€51,969 | +218% |
| Distributable reserves | 133 | €23,835 | €75,803 | +€51,969 | +218% |
| Provisions and deferred taxes | 16 | €55,760 | €83,932 | +€28,172 | +50.5% |
| Provisions for liabilities and charges | 160/5 | €55,760 | €83,932 | +€28,172 | +50.5% |
| Other liabilities and charges | 164/5 | €55,760 | €83,932 | +€28,172 | +50.5% |
| Amounts payable | 17/49 | €253,715 | €140,804 | -€112,911 | -44.5% |
| Amounts payable after more than one year | 17 | €38,350 | €28,636 | -€9,714 | -25.3% |
| Financial debts | 170/4 | €38,350 | €28,636 | -€9,714 | -25.3% |
| Amounts payable within one year | 42/48 | €215,365 | €112,168 | -€103,197 | -47.9% |
| Current portion of amounts payable after more than one year | 42 | €9,363 | €9,714 | +€351 | +3.8% |
| Trade debts | 44 | €664 | €525 | -€138 | -20.9% |
| Suppliers | 440/4 | €664 | €525 | -€138 | -20.9% |
| Taxes, remuneration and social security | 45 | €7,949 | €3,958 | -€3,991 | -50.2% |
| Taxes | 450/3 | €7,949 | €3,958 | -€3,991 | -50.2% |
| Other amounts payable | 47/48 | €197,389 | €97,970 | -€99,419 | -50.4% |
| Turnover | 70 | - | €175,850 | +€175,850 | |
| Non-recurring operating income | 76A | - | €10,860 | +€10,860 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €75,052 | +€75,052 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,273 | €17,483 | +€12,210 | +232% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €27,308 | €28,172 | +€864 | +3.2% |
| Other operating charges | 640/8 | €499 | €499 | +€0 | 0.0% |
| Gross operating margin | 9900 | €85,401 | €124,913 | +€39,511 | +46.3% |
| Operating profit (loss) | 9901 | €52,321 | €78,759 | +€26,437 | +50.5% |
| Financial income | 75/76B | - | €9,276 | +€9,276 | |
| Recurring financial income | 75 | - | €9,276 | +€9,276 | |
| Financial charges | 65/66B | €26,349 | €8,433 | -€17,916 | -68.0% |
| Recurring financial charges | 65 | €26,349 | €8,433 | -€17,916 | -68.0% |
| Profit (loss) for the period before taxes | 9903 | €25,972 | €79,602 | +€53,630 | +206% |
| Income taxes | 67/77 | €20,610 | €26,800 | +€6,190 | +30.0% |
| Profit (loss) for the period | 9904 | €5,362 | €52,802 | +€47,440 | +885% |
| Profit (loss) for the period to be appropriated | 9905 | €5,362 | €52,802 | +€47,440 | +885% |
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 27 October 2026 via checked.be.