PAUZ: 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.
PAUZ
Largest movements
- Tangible fixed assets -€9,493
down €9,493 (-4.0%), from €239,319 to €229,826
of which Land and buildings: -€7,977
- Debts after one year -€13,520
down €13,520 (-6.2%), from €219,580 to €206,060
of which Financial debts: -€10,169
- Gross operating margin -€127,897
down €127,897 (-88.1%), from €145,144 to €17,248
- Taxes -€26,102
down €26,102 (-99.1%), from €26,353 to €250
- Financial charges -€5,617
down €5,617 (-46.0%), from €12,220 to €6,603
- Depreciation -€2,064
down €2,064 (-17.9%), from €11,557 to €9,493
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 | €357,792 | €347,059 | -€10,733 | -3.0% |
| Fixed assets | 21/28 | €239,669 | €230,176 | -€9,493 | -4.0% |
| Tangible fixed assets | 22/27 | €239,319 | €229,826 | -€9,493 | -4.0% |
| Land and buildings | 22 | €235,337 | €227,360 | -€7,977 | -3.4% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €3,982 | €2,466 | -€1,516 | -38.1% |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €118,123 | €116,883 | -€1,240 | -1.0% |
| Amounts receivable within one year | 40/41 | €6,707 | €5,612 | -€1,095 | -16.3% |
| Trade receivables | 40 | €6,707 | €5,612 | -€1,095 | -16.3% |
| Cash at bank and in hand | 54/58 | €111,416 | €111,271 | -€145 | -0.1% |
| Total equity and liabilities | 10/49 | €357,792 | €347,059 | -€10,733 | -3.0% |
| Equity | 10/15 | €92,952 | €93,853 | +€902 | +1.0% |
| Contributions | 10/11 | €18,650 | €18,650 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,302 | €75,203 | +€902 | +1.2% |
| Amounts payable | 17/49 | €264,840 | €253,206 | -€11,635 | -4.4% |
| Amounts payable after more than one year | 17 | €219,580 | €206,060 | -€13,520 | -6.2% |
| Financial debts | 170/4 | €154,193 | €144,024 | -€10,169 | -6.6% |
| Other amounts payable | 178/9 | €65,387 | €62,036 | -€3,351 | -5.1% |
| Amounts payable within one year | 42/48 | €45,261 | €47,146 | +€1,885 | +4.2% |
| Current portion of amounts payable after more than one year | 42 | €14,214 | €14,623 | +€409 | +2.9% |
| Trade debts | 44 | €1,660 | €4,121 | +€2,461 | +148.2% |
| Suppliers | 440/4 | €1,660 | €4,121 | +€2,461 | +148.2% |
| Advances received on contracts in progress | 46 | €1,260 | €1,260 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €26,353 | €26,603 | +€250 | +0.9% |
| Taxes | 450/3 | €26,353 | €26,603 | +€250 | +0.9% |
| Other amounts payable | 47/48 | €1,774 | €540 | -€1,234 | -69.6% |
| Non-recurring operating income | 76A | €59,944 | - | -€59,944 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,557 | €9,493 | -€2,064 | -17.9% |
| Other operating charges | 640/8 | €1,121 | - | -€1,121 | |
| Gross operating margin | 9900 | €145,144 | €17,248 | -€127,897 | -88.1% |
| Operating profit (loss) | 9901 | €132,466 | €7,754 | -€124,712 | -94.1% |
| Financial income | 75/76B | €3 | €1 | -€2 | -82.3% |
| Recurring financial income | 75 | €3 | €1 | -€2 | -82.3% |
| Financial charges | 65/66B | €12,220 | €6,603 | -€5,617 | -46.0% |
| Recurring financial charges | 65 | €12,220 | €6,603 | -€5,617 | -46.0% |
| Profit (loss) for the period before taxes | 9903 | €120,249 | €1,152 | -€119,098 | -99.0% |
| Income taxes | 67/77 | €26,353 | €250 | -€26,102 | -99.1% |
| Profit (loss) for the period | 9904 | €93,897 | €902 | -€92,995 | -99.0% |
| Profit (loss) for the period to be appropriated | 9905 | €93,897 | €902 | -€92,995 | -99.0% |
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 9 October 2026 via checked.be.