PauwelÆnn: 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.
PauwelÆnn
Largest movements
- Receivables within one year +€13,849
up €13,849 (+128%), from €10,797 to €24,646
of which Other amounts receivable: +€24,312
- Cash -€7,850
down €7,850 (-22.0%), from €35,743 to €27,894
mainly Receivables within one year (-€13,849) and Tax, wage and social debts (-€6,329)
- Deferred charges and accrued income -€697
down €697 (-100%), from €697 to €0
- Profit (loss) carried forward +€12,282
up €12,282 (+39.9%), from €30,814 to €43,096
- Tax, wage and social debts -€6,329
down €6,329 (-54.0%), from €11,728 to €5,399
- Gross operating margin -€4,406
down €4,406 (-21.9%), from €20,125 to €15,719
- Taxes -€674
down €674 (-15.9%), from €4,237 to €3,563
- Financial income +€521
up €521 (+7,062%), from €7 to €529
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 | €47,237 | €52,540 | +€5,303 | +11.2% |
| Current assets | 29/58 | €47,237 | €52,540 | +€5,303 | +11.2% |
| Amounts receivable within one year | 40/41 | €10,797 | €24,646 | +€13,849 | +128% |
| Trade receivables | 40 | €10,797 | €335 | -€10,462 | -96.9% |
| Other amounts receivable | 41 | - | €24,312 | +€24,312 | |
| Cash at bank and in hand | 54/58 | €35,743 | €27,894 | -€7,850 | -22.0% |
| Deferred charges and accrued income | 490/1 | €697 | €0 | -€697 | -100% |
| Total equity and liabilities | 10/49 | €47,237 | €52,540 | +€5,303 | +11.2% |
| Equity | 10/15 | €34,064 | €46,346 | +€12,282 | +36.1% |
| Contributions | 10/11 | €3,250 | €3,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,814 | €43,096 | +€12,282 | +39.9% |
| Amounts payable | 17/49 | €13,173 | €6,194 | -€6,979 | -53.0% |
| Amounts payable within one year | 42/48 | €13,173 | €6,194 | -€6,979 | -53.0% |
| Trade debts | 44 | €1,309 | €795 | -€514 | -39.3% |
| Suppliers | 440/4 | €1,309 | €795 | -€514 | -39.3% |
| Taxes, remuneration and social security | 45 | €11,728 | €5,399 | -€6,329 | -54.0% |
| Taxes | 450/3 | €11,728 | €5,399 | -€6,329 | -54.0% |
| Other amounts payable | 47/48 | €136 | €0 | -€136 | -100% |
| Other operating charges | 640/8 | €258 | €216 | -€42 | -16.3% |
| Gross operating margin | 9900 | €20,125 | €15,719 | -€4,406 | -21.9% |
| Operating profit (loss) | 9901 | €19,867 | €15,503 | -€4,364 | -22.0% |
| Financial income | 75/76B | €7 | €529 | +€521 | +7,062% |
| Recurring financial income | 75 | €7 | €529 | +€521 | +7,062% |
| Financial charges | 65/66B | €193 | €187 | -€7 | -3.5% |
| Recurring financial charges | 65 | €193 | €187 | -€7 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €19,681 | €15,845 | -€3,836 | -19.5% |
| Income taxes | 67/77 | €4,237 | €3,563 | -€674 | -15.9% |
| Profit (loss) for the period | 9904 | €15,444 | €12,282 | -€3,162 | -20.5% |
| Profit (loss) for the period to be appropriated | 9905 | €15,444 | €12,282 | -€3,162 | -20.5% |
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 16 October 2026 via checked.be.