PAW CONSTRUCT: what changed
Two fiscal 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.
PAW CONSTRUCT
Largest movements
- Current investments -€30,000
down €30,000 (-31.6%), from €95,000 to €65,000
- Cash +€17,578
up €17,578 (+187.0%), from €9,400 to €26,978
mainly Current investments (+€30,000) and Net result for the year (+€2,183)
- Deferred charges and accrued income +€4,233
up €4,233 (+285.4%), from €1,483 to €5,716
- Receivables within one year +€3,092
up €3,092 (+2.9%), from €106,197 to €109,289
of which Other amounts receivable: +€3,092
- Trade debts -€7,244
down €7,244 (-8.2%), from €87,901 to €80,657
- Profit (loss) carried forward +€2,183
up €2,183 (+4.2%), from -€51,885 to -€49,702
- Goods and materials -€28,908
down €28,908 (-94.9%), from €30,477 to €1,569
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 | €212,080 | €206,983 | -€5,097 | -2.4% |
| Current assets | 29/58 | €212,080 | €206,983 | -€5,097 | -2.4% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €106,197 | €109,289 | +€3,092 | +2.9% |
| Trade receivables | 40 | €2,939 | €2,939 | = | 0.0% |
| Other amounts receivable | 41 | €103,258 | €106,350 | +€3,092 | +3.0% |
| Current investments | 50/53 | €95,000 | €65,000 | -€30,000 | -31.6% |
| Other investments | 51/53 | €95,000 | €65,000 | -€30,000 | -31.6% |
| Cash at bank and in hand | 54/58 | €9,400 | €26,978 | +€17,578 | +187.0% |
| Deferred charges and accrued income | 490/1 | €1,483 | €5,716 | +€4,233 | +285.4% |
| Total equity and liabilities | 10/49 | €212,080 | €206,983 | -€5,097 | -2.4% |
| Equity | 10/15 | €124,115 | €126,298 | +€2,183 | +1.8% |
| Contributions | 10/11 | €160,000 | €160,000 | = | 0.0% |
| Reserves | 13 | €16,000 | €16,000 | = | 0.0% |
| Distributable reserves | 133 | €16,000 | €16,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,885 | -€49,702 | +€2,183 | +4.2% |
| Amounts payable | 17/49 | €87,965 | €80,685 | -€7,280 | -8.3% |
| Amounts payable within one year | 42/48 | €87,901 | €80,657 | -€7,244 | -8.2% |
| Trade debts | 44 | €87,901 | €80,657 | -€7,244 | -8.2% |
| Suppliers | 440/4 | €87,901 | €80,657 | -€7,244 | -8.2% |
| Accrued charges and deferred income | 492/3 | €64 | €28 | -€36 | -55.6% |
| Operating income | 70/76A | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €32,023 | €3,268 | -€28,755 | -89.8% |
| Goods for resale, raw materials and consumables | 60 | €30,477 | €1,569 | -€28,908 | -94.9% |
| Purchases | 600/8 | €30,477 | €1,569 | -€28,908 | -94.9% |
| Services and other goods | 61 | €1,032 | €1,171 | +€138 | +13.4% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Operating profit (loss) | 9901 | -€32,023 | -€3,268 | +€28,755 | +89.8% |
| Financial income | 75/76B | €5,697 | €5,658 | -€39 | -0.7% |
| Recurring financial income | 75 | €5,697 | €5,658 | -€39 | -0.7% |
| Income from financial fixed assets | 750 | €0 | - | = | |
| Income from current assets | 751 | €5,697 | €5,657 | -€40 | -0.7% |
| Other financial income | 752/9 | - | €1 | +€1 | |
| Financial charges | 65/66B | €171 | €207 | +€37 | +21.5% |
| Recurring financial charges | 65 | €171 | €207 | +€37 | +21.5% |
| Debt charges | 650 | €0 | - | = | |
| Other financial charges | 652/9 | €171 | €207 | +€37 | +21.5% |
| Profit (loss) for the period before taxes | 9903 | -€26,497 | €2,183 | +€28,680 | |
| Income taxes | 67/77 | €1 | €0 | -€1 | -100.0% |
| Taxes | 670/3 | €1 | €0 | -€1 | -100.0% |
| Profit (loss) for the period | 9904 | -€26,498 | €2,183 | +€28,681 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,498 | €2,183 | +€28,681 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.