PAUWELS ENGINEERING: 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.
What changed
PAUWELS ENGINEERING
NACE 70.100, Activities of head offices
financial year 2025 against 2026filed annual accounts (NBB)
Net result for the year
€507,058
2025 · €2.6m-€2.0m
Equity
€15.0m
2025 · €14.5m+€507,058
Cash
€2,297
2025 · €755+€1,541
Balance sheet total
€22.4m
2025 · €21.7m+€665,602
Largest movements
Assets
- Financial fixed assets +€782,000
up €782,000 (+4.2%), from €18.7m to €19.5m
of which Affiliated companies: +€782,000
Equity and liabilities
- Trade debts +€1.3m
up €1.3m (+6343.7%), from €20,192 to €1.3m
- Profit (loss) carried forward +€641,778
up €641,778 (+4.9%), from €13.0m to €13.7m
- Other debts -€568,000
down €568,000 (-11.8%), from €4.8m to €4.2m
- Debts after one year -€376,710
down €376,710 (-30.3%), from €1.2m to €867,222
Income statement
- Turnover -€861,195
down €861,195 (-28.5%), from €3.0m to €2.2m
- Services and other goods +€507,251
up €507,251 (+116.0%), from €437,124 to €944,376
- Taxes -€415,387
down €415,387 (-99.9%), from €415,784 to €397
of which Taxes: -€415,393
- Financial income -€331,849
down €331,849 (-23.8%), from €1.4m to €1.1m
- Provisions -€287,505
down €287,505 (-92.8%), from €309,789 to €22,284
From the 2025 result to the 2026 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.
Result 2025
€2.6m
Turnover
-€861,195
Other operating income
+€51,396
Services and other goods
-€507,251
Staff costs
-€37,757
Depreciation
-€390
Provisions
+€287,505
Other operating charges
+€859
Other operating items
-€1.2m
Financial income
-€331,849
Financial charges
+€164,670
Taxes
+€415,387
Result 2026
€507,058
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€1.3m
Investment
-€786,208
Financing
-€552,553
Cash 2025
€755
From operations (derived)
+€1.3m
Net result for the year
+€507,058
Depreciation
+€172,129
Receivables within one year
+€3,305
Deferred charges and accrued income
-€53,286
Provisions
+€22,284
Trade debts
+€1.3m
Tax, wage and social debts
-€16,675
Other debts
-€568,000
Accrued charges and deferred income
-€7,416
Investment (derived)
-€786,208
Investment in fixed assets (net)
-€786,208
Financing
-€552,553
Debts after one year
-€376,710
Current portion of long-term debt
-€175,843
Cash 2026
€2,297
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,684,792 | €22,350,393 | +€665,602 | +3.1% |
| Fixed assets | 21/28 | €19,812,715 | €20,426,794 | +€614,079 | +3.1% |
| Intangible fixed assets | 21 | €857,143 | €714,286 | -€142,857 | -16.7% |
| Tangible fixed assets | 22/27 | €262,646 | €237,582 | -€25,064 | -9.5% |
| Land and buildings | 22 | €206,280 | €191,165 | -€15,116 | -7.3% |
| Plant, machinery and equipment | 23 | €8,889 | €7,528 | -€1,361 | -15.3% |
| Furniture and vehicles | 24 | €47,477 | €38,890 | -€8,587 | -18.1% |
| Financial fixed assets | 28 | €18,692,926 | €19,474,926 | +€782,000 | +4.2% |
| Affiliated companies | 280/1 | €17,402,673 | €18,184,673 | +€782,000 | +4.5% |
| Participating interests | 280 | €15,392,673 | €15,424,673 | +€32,000 | +0.2% |
| Amounts receivable | 281 | €2,010,000 | €2,760,000 | +€750,000 | +37.3% |
| Companies linked by participating interests | 282/3 | €1,288,888 | €1,288,888 | = | 0.0% |
| Participating interests | 282 | €1,288,888 | €1,288,888 | = | 0.0% |
| Other financial fixed assets | 284/8 | €1,365 | €1,365 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,365 | €1,365 | = | 0.0% |
| Current assets | 29/58 | €1,872,077 | €1,923,599 | +€51,522 | +2.8% |
| Amounts receivable after more than one year | 29 | €1,650,000 | €1,650,000 | = | 0.0% |
| Other amounts receivable | 291 | €1,650,000 | €1,650,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €183,750 | €180,446 | -€3,305 | -1.8% |
| Trade receivables | 40 | €183,750 | €57,243 | -€126,507 | -68.8% |
| Other amounts receivable | 41 | - | €123,202 | +€123,202 | |
| Cash at bank and in hand | 54/58 | €755 | €2,297 | +€1,541 | +204.0% |
| Deferred charges and accrued income | 490/1 | €37,571 | €90,857 | +€53,286 | +141.8% |
| Total equity and liabilities | 10/49 | €21,684,792 | €22,350,393 | +€665,602 | +3.1% |
| Equity | 10/15 | €14,539,409 | €15,046,468 | +€507,058 | +3.5% |
| Contributions | 10/11 | €350,000 | €350,000 | = | 0.0% |
| Capital | 10 | €350,000 | €350,000 | = | 0.0% |
| Issued capital | 100 | €350,000 | €350,000 | = | 0.0% |
| Reserves | 13 | €1,180,120 | €1,045,400 | -€134,720 | -11.4% |
| Non-distributable reserves | 130/1 | €35,000 | €35,000 | = | 0.0% |
| Legal reserve | 130 | €35,000 | €35,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,145,120 | €1,010,400 | -€134,720 | -11.8% |
| Profit (loss) carried forward | 14 | €13,009,289 | €13,651,068 | +€641,778 | +4.9% |
| Provisions and deferred taxes | 16 | €330,018 | €352,302 | +€22,284 | +6.8% |
| Provisions for liabilities and charges | 160/5 | €330,018 | €352,302 | +€22,284 | +6.8% |
| Pensions and similar obligations | 160 | €30,018 | €1,457 | -€28,561 | -95.1% |
| Other liabilities and charges | 164/5 | €300,000 | €350,845 | +€50,845 | +16.9% |
| Amounts payable | 17/49 | €6,815,364 | €6,951,624 | +€136,260 | +2.0% |
| Amounts payable after more than one year | 17 | €1,243,932 | €867,222 | -€376,710 | -30.3% |
| Financial debts | 170/4 | €1,243,932 | €867,222 | -€376,710 | -30.3% |
| Credit institutions | 173 | €725,932 | €433,222 | -€292,710 | -40.3% |
| Other loans | 174 | €518,000 | €434,000 | -€84,000 | -16.2% |
| Amounts payable within one year | 42/48 | €5,541,896 | €6,062,281 | +€520,385 | +9.4% |
| Current portion of amounts payable after more than one year | 42 | €651,684 | €475,841 | -€175,843 | -27.0% |
| Trade debts | 44 | €20,192 | €1,301,095 | +€1.3m | +6343.7% |
| Suppliers | 440/4 | €20,192 | €1,301,095 | +€1.3m | +6343.7% |
| Taxes, remuneration and social security | 45 | €55,020 | €38,345 | -€16,675 | -30.3% |
| Taxes | 450/3 | €22,763 | €3,264 | -€19,499 | -85.7% |
| Remuneration and social security | 454/9 | €32,257 | €35,081 | +€2,824 | +8.8% |
| Other amounts payable | 47/48 | €4,815,000 | €4,247,000 | -€568,000 | -11.8% |
| Accrued charges and deferred income | 492/3 | €29,537 | €22,121 | -€7,416 | -25.1% |
| Operating income | 70/76A | €3,031,227 | €2,219,506 | -€811,721 | -26.8% |
| Turnover | 70 | €3,026,930 | €2,165,735 | -€861,195 | -28.5% |
| Other operating income | 74 | €2,331 | €53,727 | +€51,396 | +2204.8% |
| Non-recurring operating income | 76A | €1,966 | €43 | -€1,922 | -97.8% |
| Operating charges | 60/66A | €1,090,248 | €2,574,272 | +€1.5m | +136.1% |
| Services and other goods | 61 | €437,124 | €944,376 | +€507,251 | +116.0% |
| Remuneration, social security and pensions | 62 | €167,154 | €204,911 | +€37,757 | +22.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €171,739 | €172,129 | +€390 | +0.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €309,789 | €22,284 | -€287,505 | -92.8% |
| Other operating charges | 640/8 | €4,442 | €3,583 | -€859 | -19.3% |
| Non-recurring operating charges | 66A | €0 | €1,226,989 | +€1.2m | |
| Operating profit (loss) | 9901 | €1,940,979 | -€354,766 | -€2.3m | |
| Financial income | 75/76B | €1,391,634 | €1,059,785 | -€331,849 | -23.8% |
| Recurring financial income | 75 | €1,391,634 | €1,059,785 | -€331,849 | -23.8% |
| Income from financial fixed assets | 750 | €1,281,038 | €934,756 | -€346,282 | -27.0% |
| Income from current assets | 751 | €110,595 | €125,028 | +€14,433 | +13.1% |
| Financial charges | 65/66B | €362,233 | €197,563 | -€164,670 | -45.5% |
| Recurring financial charges | 65 | €362,233 | €197,563 | -€164,670 | -45.5% |
| Debt charges | 650 | €360,327 | €195,978 | -€164,348 | -45.6% |
| Other financial charges | 652/9 | €1,906 | €1,585 | -€322 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | €2,970,380 | €507,456 | -€2.5m | -82.9% |
| Income taxes | 67/77 | €415,784 | €397 | -€415,387 | -99.9% |
| Taxes | 670/3 | €415,790 | €397 | -€415,393 | -99.9% |
| Tax adjustments and reversals of tax provisions | 77 | €6 | €0 | -€6 | -100.0% |
| Profit (loss) for the period | 9904 | €2,554,595 | €507,058 | -€2.0m | -80.2% |
| Transfer from tax-exempt reserves | 789 | €75,780 | €134,720 | +€58,940 | +77.8% |
| Transfer to tax-exempt reserves | 689 | €673,600 | €0 | -€673,600 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,956,775 | €641,778 | -€1.3m | -67.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.