PAULY CONCEPTS: what changed
PAULY CONCEPTS
Largest movements
- Receivables within one year +€20,519
up €20,519 (+167%), from €12,263 to €32,782
of which Trade receivables: +€19,990
- Tangible fixed assets -€4,160
down €4,160 (-39.1%), from €10,644 to €6,484
of which Furniture and vehicles: -€3,202
- Cash -€2,105
down €2,105 (-90.5%), from €2,326 to €222
mainly Receivables within one year (-€20,519) and Trade debts (-€5,809)
- Other debts +€15,652
up €15,652 (+68.2%), from €22,955 to €38,607
- Trade debts -€5,809
down €5,809 (-62.8%), from €9,256 to €3,447
- Tax, wage and social debts +€4,961
up €4,961 (+118%), from €4,222 to €9,183
of which Remuneration and social security: +€5,051
- Advances received -€1,500
no longer reported in 2025 (was €1,500)
- Profit (loss) carried forward +€951
up €951 (+6.9%), from -€13,699 to -€12,748
- Gross operating margin +€13,255
up €13,255, from -€6,342 to €6,913
- Depreciation -€2,933
down €2,933 (-53.8%), from €5,448 to €2,516
- Other operating charges -€745
down €745 (-50.8%), from €1,467 to €722
- Financial charges -€215
down €215 (-68.4%), from €315 to €99
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,233 | €39,488 | +€14,255 | +56.5% |
| Fixed assets | 21/28 | €10,644 | €6,485 | -€4,160 | -39.1% |
| Intangible fixed assets | 21 | €1 | €0 | -€0 | -49.3% |
| Tangible fixed assets | 22/27 | €10,644 | €6,484 | -€4,160 | -39.1% |
| Land and buildings | 22 | €2,497 | €1,872 | -€625 | -25.0% |
| Plant, machinery and equipment | 23 | €3,175 | €2,841 | -€333 | -10.5% |
| Furniture and vehicles | 24 | €4,972 | €1,771 | -€3,202 | -64.4% |
| Current assets | 29/58 | €14,589 | €33,004 | +€18,415 | +126% |
| Amounts receivable within one year | 40/41 | €12,263 | €32,782 | +€20,519 | +167% |
| Trade receivables | 40 | €12,263 | €32,253 | +€19,990 | +163% |
| Other amounts receivable | 41 | - | €529 | +€529 | |
| Cash at bank and in hand | 54/58 | €2,326 | €222 | -€2,105 | -90.5% |
| Total equity and liabilities | 10/49 | €25,233 | €39,488 | +€14,255 | +56.5% |
| Equity | 10/15 | -€12,699 | -€11,748 | +€951 | +7.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,699 | -€12,748 | +€951 | +6.9% |
| Amounts payable | 17/49 | €37,933 | €51,236 | +€13,304 | +35.1% |
| Amounts payable within one year | 42/48 | €37,933 | €51,236 | +€13,304 | +35.1% |
| Trade debts | 44 | €9,256 | €3,447 | -€5,809 | -62.8% |
| Suppliers | 440/4 | €9,256 | €3,447 | -€5,809 | -62.8% |
| Advances received on contracts in progress | 46 | €1,500 | - | -€1,500 | |
| Taxes, remuneration and social security | 45 | €4,222 | €9,183 | +€4,961 | +118% |
| Taxes | 450/3 | €1,057 | €968 | -€90 | -8.5% |
| Remuneration and social security | 454/9 | €3,164 | €8,215 | +€5,051 | +160% |
| Other amounts payable | 47/48 | €22,955 | €38,607 | +€15,652 | +68.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,448 | €2,516 | -€2,933 | -53.8% |
| Other operating charges | 640/8 | €1,467 | €722 | -€745 | -50.8% |
| Non-recurring operating charges | 66A | - | €2,493 | +€2,493 | |
| Gross operating margin | 9900 | -€6,342 | €6,913 | +€13,255 | |
| Operating profit (loss) | 9901 | -€13,257 | €1,183 | +€14,440 | |
| Financial income | 75/76B | €63 | - | -€63 | |
| Recurring financial income | 75 | €63 | - | -€63 | |
| Financial charges | 65/66B | €315 | €99 | -€215 | -68.4% |
| Recurring financial charges | 65 | €315 | €99 | -€215 | -68.4% |
| Profit (loss) for the period before taxes | 9903 | -€13,509 | €1,083 | +€14,593 | |
| Income taxes | 67/77 | €190 | €132 | -€58 | -30.6% |
| Profit (loss) for the period | 9904 | -€13,699 | €951 | +€14,651 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,699 | €951 | +€14,651 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.