PAUPSY: 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.
PAUPSY
Largest movements
- Cash -€41,070
down €41,070 (-42.5%), from €96,534 to €55,464
mainly Net result for the year (-€17,772) and Trade debts (-€15,248)
- Stocks and contracts -€11,473
down €11,473 (-10.7%), from €107,455 to €95,982
- Tangible fixed assets -€11,067
down €11,067 (-18.3%), from €60,550 to €49,483
of which Land and buildings: -€5,562
- Profit (loss) carried forward -€17,772
down €17,772 (-52.7%), from €33,749 to €15,977
- Trade debts -€15,248
down €15,248 (-77.8%), from €19,607 to €4,359
- Tax, wage and social debts -€14,340
down €14,340 (-46.7%), from €30,715 to €16,374
of which Taxes: -€15,582
- Other debts -€11,657
down €11,657 (-7.6%), from €153,637 to €141,980
- Debts after one year -€5,545
down €5,545 (-43.2%), from €12,845 to €7,300
- Gross operating margin -€76,214
down €76,214 (-70.5%), from €108,128 to €31,914
- Financial charges -€10,521
down €10,521 (-85.5%), from €12,303 to €1,782
- Taxes -€8,658
no longer reported in 2025 (was €8,658)
- Staff costs -€4,690
down €4,690 (-11.7%), from €40,167 to €35,477
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.
Cash bridge derived
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 | €265,848 | €201,535 | -€64,313 | -24.2% |
| Fixed assets | 21/28 | €60,550 | €49,483 | -€11,067 | -18.3% |
| Tangible fixed assets | 22/27 | €60,550 | €49,483 | -€11,067 | -18.3% |
| Land and buildings | 22 | €41,575 | €36,012 | -€5,562 | -13.4% |
| Furniture and vehicles | 24 | €18,976 | €13,471 | -€5,505 | -29.0% |
| Current assets | 29/58 | €205,298 | €152,052 | -€53,246 | -25.9% |
| Stocks and contracts in progress | 3 | €107,455 | €95,982 | -€11,473 | -10.7% |
| Stocks | 30/36 | €107,455 | €95,982 | -€11,473 | -10.7% |
| Amounts receivable within one year | 40/41 | €947 | €606 | -€341 | -36.0% |
| Trade receivables | 40 | €295 | €606 | +€311 | +105.2% |
| Other amounts receivable | 41 | €652 | - | -€652 | |
| Cash at bank and in hand | 54/58 | €96,534 | €55,464 | -€41,070 | -42.5% |
| Deferred charges and accrued income | 490/1 | €362 | - | -€362 | |
| Total equity and liabilities | 10/49 | €265,848 | €201,535 | -€64,313 | -24.2% |
| Equity | 10/15 | €43,749 | €25,977 | -€17,772 | -40.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,749 | €15,977 | -€17,772 | -52.7% |
| Amounts payable | 17/49 | €222,099 | €175,558 | -€46,541 | -21.0% |
| Amounts payable after more than one year | 17 | €12,845 | €7,300 | -€5,545 | -43.2% |
| Financial debts | 170/4 | €12,845 | €7,300 | -€5,545 | -43.2% |
| Amounts payable within one year | 42/48 | €209,255 | €168,258 | -€40,996 | -19.6% |
| Current portion of amounts payable after more than one year | 42 | €5,296 | €5,545 | +€249 | +4.7% |
| Trade debts | 44 | €19,607 | €4,359 | -€15,248 | -77.8% |
| Suppliers | 440/4 | €19,607 | €4,359 | -€15,248 | -77.8% |
| Taxes, remuneration and social security | 45 | €30,715 | €16,374 | -€14,340 | -46.7% |
| Taxes | 450/3 | €28,406 | €12,824 | -€15,582 | -54.9% |
| Remuneration and social security | 454/9 | €2,309 | €3,551 | +€1,242 | +53.8% |
| Other amounts payable | 47/48 | €153,637 | €141,980 | -€11,657 | -7.6% |
| Remuneration, social security and pensions | 62 | €40,167 | €35,477 | -€4,690 | -11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,882 | €12,177 | +€294 | +2.5% |
| Other operating charges | 640/8 | €365 | €545 | +€180 | +49.5% |
| Gross operating margin | 9900 | €108,128 | €31,914 | -€76,214 | -70.5% |
| Operating profit (loss) | 9901 | €55,713 | -€16,285 | -€71,998 | |
| Financial income | 75/76B | €55 | €295 | +€240 | +438.8% |
| Recurring financial income | 75 | €55 | €295 | +€240 | +438.8% |
| Financial charges | 65/66B | €12,303 | €1,782 | -€10,521 | -85.5% |
| Recurring financial charges | 65 | €12,303 | €1,782 | -€10,521 | -85.5% |
| Profit (loss) for the period before taxes | 9903 | €43,465 | -€17,772 | -€61,237 | |
| Income taxes | 67/77 | €8,658 | - | -€8,658 | |
| Profit (loss) for the period | 9904 | €34,807 | -€17,772 | -€52,579 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,807 | -€17,772 | -€52,579 |
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 11 October 2026 via checked.be.