Paulys: 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.
Paulys
Largest movements
- Receivables within one year +€81,382
up €81,382 (+90.6%), from €89,792 to €171,173
of which Trade receivables: +€67,151
- Cash +€27,230
up €27,230 (+15.5%), from €175,711 to €202,941
mainly Net result for the year (+€231,813) and Other debts (+€49,827)
- Tangible fixed assets -€5,462
down €5,462 (-40.3%), from €13,542 to €8,080
of which Furniture and vehicles: -€3,509
- Other debts +€49,827
up €49,827 (+30.4%), from €163,986 to €213,813
- Tax, wage and social debts +€27,511
up €27,511 (+85.5%), from €32,170 to €59,681
- Accrued charges and deferred income +€21,985
up €21,985 (+1,466%), from €1,500 to €23,485
- Trade debts +€4,058
up €4,058 (+45.4%), from €8,934 to €12,992
- Gross operating margin +€87,438
up €87,438 (+38.6%), from €226,709 to €314,147
- Taxes +€25,234
up €25,234 (+50.3%), from €50,154 to €75,388
- Depreciation -€4,713
down €4,713 (-46.3%), from €10,175 to €5,462
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 | €281,516 | €384,897 | +€103,381 | +36.7% |
| Fixed assets | 21/28 | €13,542 | €8,080 | -€5,462 | -40.3% |
| Tangible fixed assets | 22/27 | €13,542 | €8,080 | -€5,462 | -40.3% |
| Plant, machinery and equipment | 23 | €267 | €0 | -€267 | -100% |
| Furniture and vehicles | 24 | €6,782 | €3,273 | -€3,509 | -51.7% |
| Other tangible fixed assets | 26 | €6,493 | €4,808 | -€1,686 | -26.0% |
| Current assets | 29/58 | €267,974 | €376,816 | +€108,843 | +40.6% |
| Amounts receivable within one year | 40/41 | €89,792 | €171,173 | +€81,382 | +90.6% |
| Trade receivables | 40 | €84,539 | €151,690 | +€67,151 | +79.4% |
| Other amounts receivable | 41 | €5,253 | €19,483 | +€14,230 | +271% |
| Cash at bank and in hand | 54/58 | €175,711 | €202,941 | +€27,230 | +15.5% |
| Deferred charges and accrued income | 490/1 | €2,471 | €2,702 | +€230 | +9.3% |
| Total equity and liabilities | 10/49 | €281,516 | €384,897 | +€103,381 | +36.7% |
| Equity | 10/15 | €74,926 | €74,926 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €56,326 | €56,326 | = | 0.0% |
| Distributable reserves | 133 | €56,326 | €56,326 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €206,590 | €309,971 | +€103,381 | +50.0% |
| Amounts payable within one year | 42/48 | €205,090 | €286,486 | +€81,396 | +39.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €8,934 | €12,992 | +€4,058 | +45.4% |
| Suppliers | 440/4 | €8,934 | €12,992 | +€4,058 | +45.4% |
| Taxes, remuneration and social security | 45 | €32,170 | €59,681 | +€27,511 | +85.5% |
| Taxes | 450/3 | €32,170 | €59,681 | +€27,511 | +85.5% |
| Other amounts payable | 47/48 | €163,986 | €213,813 | +€49,827 | +30.4% |
| Accrued charges and deferred income | 492/3 | €1,500 | €23,485 | +€21,985 | +1,466% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,175 | €5,462 | -€4,713 | -46.3% |
| Other operating charges | 640/8 | €1,259 | €1,236 | -€24 | -1.9% |
| Gross operating margin | 9900 | €226,709 | €314,147 | +€87,438 | +38.6% |
| Operating profit (loss) | 9901 | €215,274 | €307,449 | +€92,175 | +42.8% |
| Financial income | 75/76B | €217 | €630 | +€413 | +191% |
| Recurring financial income | 75 | €217 | €630 | +€413 | +191% |
| Financial charges | 65/66B | €1,352 | €879 | -€473 | -35.0% |
| Recurring financial charges | 65 | €1,352 | €879 | -€473 | -35.0% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €214,139 | €307,201 | +€93,061 | +43.5% |
| Income taxes | 67/77 | €50,154 | €75,388 | +€25,234 | +50.3% |
| Profit (loss) for the period | 9904 | €163,986 | €231,813 | +€67,827 | +41.4% |
| Profit (loss) for the period to be appropriated | 9905 | €163,986 | €231,813 | +€67,827 | +41.4% |
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 20 October 2026 via checked.be.