PAUWDIO: 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.
PAUWDIO
Largest movements
- Cash +€68,464
up €68,464 (+234%), from €29,237 to €97,701
- Tangible fixed assets +€48,875
up €48,875 (+152%), from €32,133 to €81,008
of which Furniture and vehicles: +€34,679
- Receivables within one year -€2,513
down €2,513 (-21.4%), from €11,726 to €9,213
- Debts within one year +€103,460
up €103,460 (+282%), from €36,745 to €140,205
of which Other debts: +€110,858
- Debts after one year +€10,553
up €10,553 (+142%), from €7,432 to €17,986
- Reserves +€2,635
up €2,635 (+9.4%), from €27,919 to €30,554
- Gross operating margin +€41,135
up €41,135 (+181%), from €22,671 to €63,806
- Depreciation +€12,623
up €12,623 (+105%), from €12,055 to €24,678
- Financial charges +€4,785
new in 2025: €4,785
- Taxes +€4,702
up €4,702 (+198%), from €2,380 to €7,082
- Other operating charges +€803
new in 2025: €803
From the 2020 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2020 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €73,096 | €189,745 | +€116,648 | +160% |
| Fixed assets | 21/28 | €32,133 | €81,008 | +€48,875 | +152% |
| Tangible fixed assets | 22/27 | €32,133 | €81,008 | +€48,875 | +152% |
| Land and buildings | 22 | - | €31,545 | +€31,545 | |
| Plant, machinery and equipment | 23 | - | €14,784 | +€14,784 | |
| Furniture and vehicles | 24 | - | €34,679 | +€34,679 | |
| Current assets | 29/58 | €40,963 | €108,737 | +€67,773 | +165% |
| Amounts receivable within one year | 40/41 | €11,726 | €9,213 | -€2,513 | -21.4% |
| Trade receivables | 40 | - | €6,296 | +€6,296 | |
| Other amounts receivable | 41 | - | €2,918 | +€2,918 | |
| Cash at bank and in hand | 54/58 | €29,237 | €97,701 | +€68,464 | +234% |
| Deferred charges and accrued income | 490/1 | - | €1,822 | +€1,822 | |
| Total equity and liabilities | 10/49 | €73,096 | €189,745 | +€116,648 | +160% |
| Equity | 10/15 | €28,919 | €31,554 | +€2,635 | +9.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €27,919 | €30,554 | +€2,635 | +9.4% |
| Distributable reserves | 133 | - | €30,554 | +€30,554 | |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €44,177 | €158,191 | +€114,014 | +258% |
| Amounts payable after more than one year | 17 | €7,432 | €17,986 | +€10,553 | +142% |
| Financial debts | 170/4 | - | €17,986 | +€17,986 | |
| Amounts payable within one year | 42/48 | €36,745 | €140,205 | +€103,460 | +282% |
| Current portion of amounts payable after more than one year | 42 | - | €13,243 | +€13,243 | |
| Trade debts | 44 | €126 | €220 | +€94 | +74.5% |
| Suppliers | 440/4 | - | €220 | +€220 | |
| Taxes, remuneration and social security | 45 | - | €15,884 | +€15,884 | |
| Taxes | 450/3 | - | €15,884 | +€15,884 | |
| Other amounts payable | 47/48 | - | €110,858 | +€110,858 | |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,055 | €24,678 | +€12,623 | +105% |
| Other operating charges | 640/8 | - | €803 | +€803 | |
| Gross operating margin | 9900 | €22,671 | €63,806 | +€41,135 | +181% |
| Operating profit (loss) | 9901 | €9,677 | €38,325 | +€28,647 | +296% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | - | €4,785 | +€4,785 | |
| Recurring financial charges | 65 | €1,256 | €4,785 | +€3,529 | +281% |
| Profit (loss) for the period before taxes | 9903 | €8,421 | €33,540 | +€25,119 | +298% |
| Income taxes | 67/77 | €2,380 | €7,082 | +€4,702 | +198% |
| Profit (loss) for the period | 9904 | €6,041 | €26,458 | +€20,417 | +338% |
| Profit (loss) for the period to be appropriated | 9905 | €6,041 | €26,458 | +€20,417 | +338% |
Source: filed annual accounts (NBB), financial years ended 31 December 2020 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.