PAUPORTE MARC: 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.
PAUPORTE MARC
Largest movements
- Tangible fixed assets +€129,224
up €129,224 (+118%), from €109,670 to €238,894
of which Land and buildings: +€132,783
- Cash -€74,927
down €74,927 (-32.8%), from €228,710 to €153,783
mainly Investment in fixed assets (net) (-€159,350) and Stocks and contracts (-€23,463)
- Receivables within one year -€26,640
down €26,640 (-43.4%), from €61,432 to €34,793
of which Trade receivables: -€27,179
- Stocks and contracts +€23,463
up €23,463 (+15.0%), from €156,532 to €179,995
- Trade debts +€39,179
up €39,179 (+575%), from €6,811 to €45,989
- Profit (loss) carried forward +€35,599
up €35,599 (+12.8%), from €277,448 to €313,047
- Tax, wage and social debts -€18,632
down €18,632 (-43.3%), from €43,042 to €24,410
- Current portion of long-term debt -€8,227
no longer reported in 2024 (was €8,227)
- Write-downs +€8,922
new in 2024: €8,922
- Depreciation +€8,449
up €8,449 (+39.0%), from €21,677 to €30,127
- Other operating charges +€7,784
up €7,784 (+190%), from €4,095 to €11,879
- Taxes -€5,897
down €5,897 (-29.1%), from €20,246 to €14,349
- Financial charges -€1,384
down €1,384 (-32.2%), from €4,299 to €2,915
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €556,715 | €607,835 | +€51,120 | +9.2% |
| Fixed assets | 21/28 | €110,041 | €239,264 | +€129,224 | +117% |
| Tangible fixed assets | 22/27 | €109,670 | €238,894 | +€129,224 | +118% |
| Land and buildings | 22 | €97,654 | €230,437 | +€132,783 | +136% |
| Plant, machinery and equipment | 23 | €8,954 | €6,725 | -€2,229 | -24.9% |
| Furniture and vehicles | 24 | €3,062 | €1,732 | -€1,330 | -43.4% |
| Financial fixed assets | 28 | €371 | €371 | = | 0.0% |
| Current assets | 29/58 | €446,675 | €368,571 | -€78,104 | -17.5% |
| Stocks and contracts in progress | 3 | €156,532 | €179,995 | +€23,463 | +15.0% |
| Stocks | 30/36 | €156,532 | €179,995 | +€23,463 | +15.0% |
| Amounts receivable within one year | 40/41 | €61,432 | €34,793 | -€26,640 | -43.4% |
| Trade receivables | 40 | €61,432 | €34,253 | -€27,179 | -44.2% |
| Other amounts receivable | 41 | - | €540 | +€540 | |
| Cash at bank and in hand | 54/58 | €228,710 | €153,783 | -€74,927 | -32.8% |
| Total equity and liabilities | 10/49 | €556,715 | €607,835 | +€51,120 | +9.2% |
| Equity | 10/15 | €364,866 | €400,465 | +€35,599 | +9.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €68,826 | €68,826 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €66,967 | €66,967 | = | 0.0% |
| Profit (loss) carried forward | 14 | €277,448 | €313,047 | +€35,599 | +12.8% |
| Amounts payable | 17/49 | €191,849 | €207,370 | +€15,521 | +8.1% |
| Amounts payable after more than one year | 17 | €33,594 | €33,594 | = | 0.0% |
| Financial debts | 170/4 | €9,994 | €9,994 | = | 0.0% |
| Trade debts | 175 | €23,600 | €23,600 | = | 0.0% |
| Amounts payable within one year | 42/48 | €158,255 | €173,776 | +€15,521 | +9.8% |
| Current portion of amounts payable after more than one year | 42 | €8,227 | - | -€8,227 | |
| Trade debts | 44 | €6,811 | €45,989 | +€39,179 | +575% |
| Suppliers | 440/4 | €6,811 | €45,989 | +€39,179 | +575% |
| Taxes, remuneration and social security | 45 | €43,042 | €24,410 | -€18,632 | -43.3% |
| Taxes | 450/3 | €43,042 | €24,410 | -€18,632 | -43.3% |
| Other amounts payable | 47/48 | €100,174 | €103,376 | +€3,202 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,677 | €30,127 | +€8,449 | +39.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €8,922 | +€8,922 | |
| Other operating charges | 640/8 | €4,095 | €11,879 | +€7,784 | +190% |
| Gross operating margin | 9900 | €103,042 | €103,768 | +€726 | +0.7% |
| Operating profit (loss) | 9901 | €77,270 | €52,840 | -€24,430 | -31.6% |
| Financial income | 75/76B | €1 | €23 | +€22 | +1,706% |
| Recurring financial income | 75 | €1 | €23 | +€22 | +1,706% |
| Financial charges | 65/66B | €4,299 | €2,915 | -€1,384 | -32.2% |
| Recurring financial charges | 65 | €4,299 | €2,915 | -€1,384 | -32.2% |
| Profit (loss) for the period before taxes | 9903 | €72,972 | €49,947 | -€23,024 | -31.6% |
| Income taxes | 67/77 | €20,246 | €14,349 | -€5,897 | -29.1% |
| Profit (loss) for the period | 9904 | €52,725 | €35,599 | -€17,127 | -32.5% |
| Profit (loss) for the period to be appropriated | 9905 | €52,725 | €35,599 | -€17,127 | -32.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.