PAULY & CO: 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.
PAULY & CO
Largest movements
- Tangible fixed assets -€12,673
down €12,673 (-38.7%), from €32,745 to €20,072
- Cash -€2,937
down €2,937 (-30.8%), from €9,523 to €6,586
mainly Net result for the year (-€10,909) and Debts after one year (-€5,780)
- Deferred charges and accrued income -€746
down €746 (-70.4%), from €1,059 to €313
- Profit (loss) carried forward -€10,909
down €10,909, from €1,810 to -€9,098
- Debts after one year -€5,780
down €5,780 (-25.8%), from €22,431 to €16,651
- Depreciation +€7,359
up €7,359 (+139%), from €5,314 to €12,673
- Gross operating margin -€4,632
down €4,632 (-45.1%), from €10,269 to €5,637
- Other operating charges +€673
up €673 (+71.8%), from €938 to €1,611
- Financial charges +€539
up €539 (+77.7%), from €693 to €1,232
- Taxes +€182
up €182 (+16.8%), from €1,084 to €1,266
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 | €50,204 | €33,851 | -€16,354 | -32.6% |
| Fixed assets | 21/28 | €32,746 | €20,072 | -€12,674 | -38.7% |
| Tangible fixed assets | 22/27 | €32,745 | €20,072 | -€12,673 | -38.7% |
| Furniture and vehicles | 24 | €32,745 | €20,072 | -€12,673 | -38.7% |
| Financial fixed assets | 28 | €1 | €0 | -€1 | -100% |
| Current assets | 29/58 | €17,459 | €13,779 | -€3,680 | -21.1% |
| Amounts receivable within one year | 40/41 | €6,877 | €6,880 | +€3 | 0.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €6,877 | €6,880 | +€3 | 0.0% |
| Cash at bank and in hand | 54/58 | €9,523 | €6,586 | -€2,937 | -30.8% |
| Deferred charges and accrued income | 490/1 | €1,059 | €313 | -€746 | -70.4% |
| Total equity and liabilities | 10/49 | €50,204 | €33,851 | -€16,354 | -32.6% |
| Equity | 10/15 | €20,510 | €9,602 | -€10,909 | -53.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €100 | €100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,810 | -€9,098 | -€10,909 | |
| Amounts payable | 17/49 | €29,694 | €24,249 | -€5,445 | -18.3% |
| Amounts payable after more than one year | 17 | €22,431 | €16,651 | -€5,780 | -25.8% |
| Financial debts | 170/4 | €22,431 | €16,651 | -€5,780 | -25.8% |
| Amounts payable within one year | 42/48 | €7,263 | €7,598 | +€335 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €5,543 | €5,780 | +€237 | +4.3% |
| Trade debts | 44 | €62 | €121 | +€59 | +95.6% |
| Suppliers | 440/4 | €62 | €121 | +€59 | +95.6% |
| Taxes, remuneration and social security | 45 | €1,659 | €1,697 | +€39 | +2.3% |
| Taxes | 450/3 | €1,659 | €1,697 | +€39 | +2.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,314 | €12,673 | +€7,359 | +139% |
| Other operating charges | 640/8 | €938 | €1,611 | +€673 | +71.8% |
| Gross operating margin | 9900 | €10,269 | €5,637 | -€4,632 | -45.1% |
| Operating profit (loss) | 9901 | €4,018 | -€8,647 | -€12,665 | |
| Financial income | 75/76B | €169 | €235 | +€67 | +39.7% |
| Recurring financial income | 75 | €169 | €235 | +€67 | +39.7% |
| Financial charges | 65/66B | €693 | €1,232 | +€539 | +77.7% |
| Recurring financial charges | 65 | €693 | €1,232 | +€539 | +77.7% |
| Profit (loss) for the period before taxes | 9903 | €3,493 | -€9,643 | -€13,136 | |
| Income taxes | 67/77 | €1,084 | €1,266 | +€182 | +16.8% |
| Profit (loss) for the period | 9904 | €2,409 | -€10,909 | -€13,318 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,409 | -€10,909 | -€13,318 |
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 26 October 2026 via checked.be.