PAUMEN STEFAN: 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 STEFAN
Largest movements
- Receivables within one year -€5,445
down €5,445 (-26.7%), from €20,390 to €14,945
- Other debts +€55,236
up €55,236 (+497%), from €11,111 to €66,347
- Debts after one year -€36,535
no longer reported in 2025 (was €36,535)
- Current portion of long-term debt -€17,200
down €17,200 (-29.5%), from €58,273 to €41,073
- Financial income -€70,000
no longer reported in 2025 (was €70,000)
- Staff costs +€1,923
up €1,923 (+9.0%), from €21,365 to €23,288
- Financial charges -€1,122
down €1,122 (-41.3%), from €2,718 to €1,597
- Gross operating margin +€671
up €671 (+3.2%), from €20,793 to €21,464
- Other operating charges -€321
down €321 (-71.8%), from €446 to €126
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 | €505,410 | €500,479 | -€4,931 | -1.0% |
| Fixed assets | 21/28 | €485,000 | €485,000 | = | 0.0% |
| Financial fixed assets | 28 | €485,000 | €485,000 | = | 0.0% |
| Current assets | 29/58 | €20,410 | €15,479 | -€4,931 | -24.2% |
| Amounts receivable within one year | 40/41 | €20,390 | €14,945 | -€5,445 | -26.7% |
| Trade receivables | 40 | €20,390 | €14,945 | -€5,445 | -26.7% |
| Cash at bank and in hand | 54/58 | €20 | €534 | +€514 | +2,566% |
| Total equity and liabilities | 10/49 | €505,410 | €500,479 | -€4,931 | -1.0% |
| Equity | 10/15 | €382,389 | €378,842 | -€3,547 | -0.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €363,789 | €363,789 | = | 0.0% |
| Distributable reserves | 133 | €363,789 | €363,789 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€3,547 | -€3,547 | |
| Amounts payable | 17/49 | €123,021 | €121,637 | -€1,384 | -1.1% |
| Amounts payable after more than one year | 17 | €36,535 | - | -€36,535 | |
| Financial debts | 170/4 | €36,535 | - | -€36,535 | |
| Amounts payable within one year | 42/48 | €86,486 | €121,637 | +€35,151 | +40.6% |
| Current portion of amounts payable after more than one year | 42 | €58,273 | €41,073 | -€17,200 | -29.5% |
| Trade debts | 44 | €920 | €1,484 | +€564 | +61.3% |
| Suppliers | 440/4 | €920 | €1,484 | +€564 | +61.3% |
| Taxes, remuneration and social security | 45 | €16,182 | €12,733 | -€3,449 | -21.3% |
| Taxes | 450/3 | €4,434 | €2,915 | -€1,519 | -34.3% |
| Remuneration and social security | 454/9 | €11,748 | €9,818 | -€1,930 | -16.4% |
| Other amounts payable | 47/48 | €11,111 | €66,347 | +€55,236 | +497% |
| Remuneration, social security and pensions | 62 | €21,365 | €23,288 | +€1,923 | +9.0% |
| Other operating charges | 640/8 | €446 | €126 | -€321 | -71.8% |
| Gross operating margin | 9900 | €20,793 | €21,464 | +€671 | +3.2% |
| Operating profit (loss) | 9901 | -€1,018 | -€1,950 | -€932 | -91.5% |
| Financial income | 75/76B | €70,000 | - | -€70,000 | |
| Recurring financial income | 75 | €70,000 | - | -€70,000 | |
| Financial charges | 65/66B | €2,718 | €1,597 | -€1,122 | -41.3% |
| Recurring financial charges | 65 | €2,718 | €1,597 | -€1,122 | -41.3% |
| Profit (loss) for the period before taxes | 9903 | €66,263 | -€3,547 | -€69,810 | |
| Profit (loss) for the period | 9904 | €66,263 | -€3,547 | -€69,810 | |
| Profit (loss) for the period to be appropriated | 9905 | €66,263 | -€3,547 | -€69,810 |
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 1 November 2026 via checked.be.