PAUMEN: 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.
PAUMEN
Largest movements
- Receivables within one year -€83,905
down €83,905 (-21.8%), from €384,103 to €300,198
of which Trade receivables: -€84,150
- Tangible fixed assets -€72,386
down €72,386 (-6.1%), from €1.2m to €1.1m
of which Land and buildings: -€56,603
- Stocks and contracts +€42,961
up €42,961 (+6.3%), from €679,675 to €722,636
- Short-term financial debts +€150,000
up €150,000 (+100%), from €150,000 to €300,000
- Current portion of long-term debt -€108,302
down €108,302 (-39.5%), from €274,084 to €165,782
- Debts after one year -€70,042
down €70,042 (-6.0%), from €1.2m to €1.1m
of which Trade debts: -€634,455
- Profit (loss) carried forward -€66,954
down €66,954 (-262%), from -€25,526 to -€92,480
- Trade debts -€28,864
down €28,864 (-18.2%), from €158,504 to €129,640
- Gross operating margin -€36,896
down €36,896 (-9.7%), from €378,574 to €341,678
- Depreciation +€8,939
up €8,939 (+5.9%), from €151,994 to €160,933
- Staff costs -€5,882
down €5,882 (-3.3%), from €178,050 to €172,168
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 | €2,335,695 | €2,210,106 | -€125,590 | -5.4% |
| Fixed assets | 21/28 | €1,189,000 | €1,116,614 | -€72,386 | -6.1% |
| Tangible fixed assets | 22/27 | €1,189,000 | €1,116,614 | -€72,386 | -6.1% |
| Land and buildings | 22 | €1,001,255 | €944,653 | -€56,603 | -5.7% |
| Plant, machinery and equipment | 23 | €113,142 | €126,677 | +€13,536 | +12.0% |
| Furniture and vehicles | 24 | €74,602 | €45,284 | -€29,319 | -39.3% |
| Current assets | 29/58 | €1,146,696 | €1,093,492 | -€53,204 | -4.6% |
| Stocks and contracts in progress | 3 | €679,675 | €722,636 | +€42,961 | +6.3% |
| Stocks | 30/36 | €679,675 | €722,636 | +€42,961 | +6.3% |
| Amounts receivable within one year | 40/41 | €384,103 | €300,198 | -€83,905 | -21.8% |
| Trade receivables | 40 | €357,053 | €272,903 | -€84,150 | -23.6% |
| Other amounts receivable | 41 | €27,050 | €27,295 | +€245 | +0.9% |
| Cash at bank and in hand | 54/58 | €77,393 | €60,574 | -€16,819 | -21.7% |
| Deferred charges and accrued income | 490/1 | €5,524 | €10,084 | +€4,560 | +82.5% |
| Total equity and liabilities | 10/49 | €2,335,695 | €2,210,106 | -€125,590 | -5.4% |
| Equity | 10/15 | €439,527 | €372,573 | -€66,954 | -15.2% |
| Contributions | 10/11 | €330,000 | €330,000 | = | 0.0% |
| Reserves | 13 | €135,053 | €135,053 | = | 0.0% |
| Distributable reserves | 133 | €135,053 | €135,053 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,526 | -€92,480 | -€66,954 | -262% |
| Amounts payable | 17/49 | €1,896,169 | €1,837,533 | -€58,636 | -3.1% |
| Amounts payable after more than one year | 17 | €1,165,911 | €1,095,869 | -€70,042 | -6.0% |
| Financial debts | 170/4 | €72,873 | €1,095,869 | +€1.0m | +1,404% |
| Trade debts | 175 | €634,455 | - | -€634,455 | |
| Other amounts payable | 178/9 | €458,582 | - | -€458,582 | |
| Amounts payable within one year | 42/48 | €730,258 | €741,664 | +€11,406 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €274,084 | €165,782 | -€108,302 | -39.5% |
| Financial debts | 43 | €150,000 | €300,000 | +€150,000 | +100% |
| Credit institutions | 430/8 | €150,000 | €300,000 | +€150,000 | +100% |
| Trade debts | 44 | €158,504 | €129,640 | -€28,864 | -18.2% |
| Suppliers | 440/4 | €158,504 | €129,640 | -€28,864 | -18.2% |
| Taxes, remuneration and social security | 45 | €40,268 | €39,921 | -€347 | -0.9% |
| Taxes | 450/3 | €10,448 | €6,755 | -€3,693 | -35.3% |
| Remuneration and social security | 454/9 | €29,820 | €33,166 | +€3,346 | +11.2% |
| Other amounts payable | 47/48 | €107,403 | €106,321 | -€1,082 | -1.0% |
| Remuneration, social security and pensions | 62 | €178,050 | €172,168 | -€5,882 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €151,994 | €160,933 | +€8,939 | +5.9% |
| Other operating charges | 640/8 | €22,078 | €22,760 | +€683 | +3.1% |
| Gross operating margin | 9900 | €378,574 | €341,678 | -€36,896 | -9.7% |
| Operating profit (loss) | 9901 | €26,452 | -€14,183 | -€40,635 | |
| Financial income | 75/76B | €263 | €1,444 | +€1,181 | +449% |
| Recurring financial income | 75 | €263 | €1,444 | +€1,181 | +449% |
| Financial charges | 65/66B | €52,076 | €52,007 | -€69 | -0.1% |
| Recurring financial charges | 65 | €52,076 | €52,007 | -€69 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | -€25,361 | -€64,747 | -€39,386 | -155% |
| Income taxes | 67/77 | €165 | €2,207 | +€2,042 | +1,238% |
| Profit (loss) for the period | 9904 | -€25,526 | -€66,954 | -€41,428 | -162% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,526 | -€66,954 | -€41,428 | -162% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.