Pauw Pro: 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.
Pauw Pro
Largest movements
- Financial fixed assets +€120,000
new in 2025: €120,000
- Receivables within one year +€36,202
up €36,202 (+36,824%), from €98 to €36,300
of which Trade receivables: +€36,300
- Cash +€11,396
new in 2025: €11,396
mainly Debts after one year (+€102,434) and Net result for the year (+€35,653)
- Debts after one year +€102,434
new in 2025: €102,434
- Profit (loss) carried forward +€35,653
up €35,653 (+31.0%), from -€114,929 to -€79,276
- Tax, wage and social debts +€17,833
new in 2025: €17,833
- Other debts +€17,013
up €17,013 (+18.9%), from €89,814 to €106,828
- Current portion of long-term debt -€6,046
down €6,046 (-60.5%), from €10,000 to €3,954
- Gross operating margin +€51,170
up €51,170, from -€860 to €50,310
- Taxes +€12,654
new in 2025: €12,654
- Financial charges +€913
up €913 (+907%), from €101 to €1,013
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 | €5,345 | €172,399 | +€167,053 | +3,125% |
| Fixed assets | 21/28 | €5,247 | €124,703 | +€119,456 | +2,277% |
| Tangible fixed assets | 22/27 | €5,247 | €4,703 | -€544 | -10.4% |
| Other tangible fixed assets | 26 | €5,247 | €4,703 | -€544 | -10.4% |
| Financial fixed assets | 28 | - | €120,000 | +€120,000 | |
| Current assets | 29/58 | €98 | €47,696 | +€47,598 | +48,416% |
| Amounts receivable within one year | 40/41 | €98 | €36,300 | +€36,202 | +36,824% |
| Trade receivables | 40 | - | €36,300 | +€36,300 | |
| Other amounts receivable | 41 | €98 | - | -€98 | |
| Cash at bank and in hand | 54/58 | - | €11,396 | +€11,396 | |
| Total equity and liabilities | 10/49 | €5,345 | €172,399 | +€167,053 | +3,125% |
| Equity | 10/15 | -€94,469 | -€58,816 | +€35,653 | +37.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€114,929 | -€79,276 | +€35,653 | +31.0% |
| Amounts payable | 17/49 | €99,814 | €231,214 | +€131,400 | +132% |
| Amounts payable after more than one year | 17 | - | €102,434 | +€102,434 | |
| Financial debts | 170/4 | - | €102,434 | +€102,434 | |
| Amounts payable within one year | 42/48 | €99,814 | €128,780 | +€28,966 | +29.0% |
| Current portion of amounts payable after more than one year | 42 | €10,000 | €3,954 | -€6,046 | -60.5% |
| Trade debts | 44 | - | €166 | +€166 | |
| Suppliers | 440/4 | - | €166 | +€166 | |
| Taxes, remuneration and social security | 45 | - | €17,833 | +€17,833 | |
| Taxes | 450/3 | - | €17,833 | +€17,833 | |
| Other amounts payable | 47/48 | €89,814 | €106,828 | +€17,013 | +18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €197 | €544 | +€348 | +177% |
| Other operating charges | 640/8 | €118 | €445 | +€327 | +277% |
| Gross operating margin | 9900 | -€860 | €50,310 | +€51,170 | |
| Operating profit (loss) | 9901 | -€1,175 | €49,320 | +€50,496 | |
| Financial charges | 65/66B | €101 | €1,013 | +€913 | +907% |
| Recurring financial charges | 65 | €101 | €1,013 | +€913 | +907% |
| Profit (loss) for the period before taxes | 9903 | -€1,276 | €48,307 | +€49,583 | |
| Income taxes | 67/77 | - | €12,654 | +€12,654 | |
| Profit (loss) for the period | 9904 | -€1,276 | €35,653 | +€36,929 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,276 | €35,653 | +€36,929 |
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 17 October 2026 via checked.be.