Paulvic: 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.
Paulvic
Largest movements
- Tangible fixed assets +€129,217
up €129,217 (+10.1%), from €1.3m to €1.4m
of which Land and buildings: +€1.1m
- Cash -€52,953
down €52,953 (-70.2%), from €75,414 to €22,461
mainly Investment in fixed assets (net) (-€162,492) and Debts after one year (-€37,734)
- Deferred charges and accrued income -€18,000
no longer reported in 2025 (was €18,000)
- Other debts +€100,000
up €100,000 (+28.8%), from €346,714 to €446,714
- Debts after one year -€37,734
down €37,734 (-4.0%), from €951,876 to €914,142
- Trade debts -€14,626
down €14,626 (-95.4%), from €15,330 to €704
- Gross operating margin +€56,847
up €56,847 (+520%), from €10,934 to €67,781
- Depreciation +€33,275
new in 2025: €33,275
- Financial charges +€18,004
up €18,004 (+93.1%), from €19,337 to €37,341
- Financial income -€5,471
down €5,471 (-99.4%), from €5,505 to €34
of which Non-recurring financial income: -€5,505
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 | €1,377,221 | €1,435,308 | +€58,088 | +4.2% |
| Fixed assets | 21/28 | €1,283,631 | €1,412,848 | +€129,217 | +10.1% |
| Tangible fixed assets | 22/27 | €1,283,631 | €1,412,848 | +€129,217 | +10.1% |
| Land and buildings | 22 | €334,425 | €1,412,848 | +€1.1m | +322% |
| Other tangible fixed assets | 26 | €949,206 | - | -€949,206 | |
| Current assets | 29/58 | €93,590 | €22,461 | -€71,130 | -76.0% |
| Amounts receivable within one year | 40/41 | €176 | - | -€176 | |
| Other amounts receivable | 41 | €176 | - | -€176 | |
| Cash at bank and in hand | 54/58 | €75,414 | €22,461 | -€52,953 | -70.2% |
| Deferred charges and accrued income | 490/1 | €18,000 | - | -€18,000 | |
| Total equity and liabilities | 10/49 | €1,377,221 | €1,435,308 | +€58,088 | +4.2% |
| Equity | 10/15 | €26,979 | €23,639 | -€3,341 | -12.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,021 | -€76,361 | -€3,341 | -4.6% |
| Amounts payable | 17/49 | €1,350,241 | €1,411,670 | +€61,428 | +4.5% |
| Amounts payable after more than one year | 17 | €951,876 | €914,142 | -€37,734 | -4.0% |
| Financial debts | 170/4 | €951,876 | €914,142 | -€37,734 | -4.0% |
| Amounts payable within one year | 42/48 | €398,365 | €489,057 | +€90,692 | +22.8% |
| Current portion of amounts payable after more than one year | 42 | €36,321 | €37,734 | +€1,413 | +3.9% |
| Trade debts | 44 | €15,330 | €704 | -€14,626 | -95.4% |
| Suppliers | 440/4 | €15,330 | €704 | -€14,626 | -95.4% |
| Taxes, remuneration and social security | 45 | - | €3,906 | +€3,906 | |
| Taxes | 450/3 | - | €3,906 | +€3,906 | |
| Other amounts payable | 47/48 | €346,714 | €446,714 | +€100,000 | +28.8% |
| Accrued charges and deferred income | 492/3 | - | €8,470 | +€8,470 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €33,275 | +€33,275 | |
| Other operating charges | 640/8 | €143 | €540 | +€397 | +277% |
| Gross operating margin | 9900 | €10,934 | €67,781 | +€56,847 | +520% |
| Operating profit (loss) | 9901 | €10,790 | €33,966 | +€23,176 | +215% |
| Financial income | 75/76B | €5,505 | €34 | -€5,471 | -99.4% |
| Recurring financial income | 75 | €5,505 | €34 | -€5,471 | -99.4% |
| Non-recurring financial income | 76B | €5,505 | - | -€5,505 | |
| Financial charges | 65/66B | €19,337 | €37,341 | +€18,004 | +93.1% |
| Recurring financial charges | 65 | €19,337 | €37,341 | +€18,004 | +93.1% |
| Profit (loss) for the period before taxes | 9903 | -€3,041 | -€3,341 | -€299 | -9.8% |
| Profit (loss) for the period | 9904 | -€3,041 | -€3,341 | -€299 | -9.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,041 | -€3,341 | -€299 | -9.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.