Céline Pairon: 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.
Céline Pairon
Largest movements
- Cash +€10,296
up €10,296 (+60.4%), from €17,043 to €27,339
mainly Net result for the year (+€20,612) and Depreciation (+€12,933)
- Tangible fixed assets -€9,605
down €9,605 (-2.8%), from €337,957 to €328,352
of which Land and buildings: -€7,443
- Receivables within one year -€6,104
down €6,104 (-18.6%), from €32,772 to €26,668
of which Trade receivables: -€26,633
- Reserves +€20,612
up €20,612 (+33.7%), from €61,254 to €81,866
- Debts after one year -€16,644
down €16,644 (-6.7%), from €250,272 to €233,628
- Trade debts -€5,136
down €5,136 (-96.9%), from €5,299 to €164
- Gross operating margin -€9,963
down €9,963 (-16.4%), from €60,790 to €50,827
- Taxes -€2,530
down €2,530 (-20.5%), from €12,312 to €9,782
- Financial charges +€732
up €732 (+15.1%), from €4,856 to €5,588
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 | €388,816 | €384,755 | -€4,061 | -1.0% |
| Fixed assets | 21/28 | €337,957 | €328,352 | -€9,605 | -2.8% |
| Tangible fixed assets | 22/27 | €337,957 | €328,352 | -€9,605 | -2.8% |
| Land and buildings | 22 | €325,633 | €318,189 | -€7,443 | -2.3% |
| Plant, machinery and equipment | 23 | €6,895 | €6,442 | -€453 | -6.6% |
| Furniture and vehicles | 24 | €5,429 | €3,720 | -€1,709 | -31.5% |
| Current assets | 29/58 | €50,859 | €56,403 | +€5,544 | +10.9% |
| Amounts receivable within one year | 40/41 | €32,772 | €26,668 | -€6,104 | -18.6% |
| Trade receivables | 40 | €26,633 | - | -€26,633 | |
| Other amounts receivable | 41 | €6,139 | €26,668 | +€20,529 | +334% |
| Cash at bank and in hand | 54/58 | €17,043 | €27,339 | +€10,296 | +60.4% |
| Deferred charges and accrued income | 490/1 | €1,044 | €2,396 | +€1,353 | +130% |
| Total equity and liabilities | 10/49 | €388,816 | €384,755 | -€4,061 | -1.0% |
| Equity | 10/15 | €67,454 | €88,066 | +€20,612 | +30.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €61,254 | €81,866 | +€20,612 | +33.7% |
| Distributable reserves | 133 | €61,254 | €81,866 | +€20,612 | +33.7% |
| Amounts payable | 17/49 | €321,362 | €296,689 | -€24,673 | -7.7% |
| Amounts payable after more than one year | 17 | €250,272 | €233,628 | -€16,644 | -6.7% |
| Financial debts | 170/4 | €250,272 | €233,628 | -€16,644 | -6.7% |
| Amounts payable within one year | 42/48 | €71,090 | €63,061 | -€8,029 | -11.3% |
| Current portion of amounts payable after more than one year | 42 | €16,389 | €16,644 | +€256 | +1.6% |
| Trade debts | 44 | €5,299 | €164 | -€5,136 | -96.9% |
| Suppliers | 440/4 | €5,299 | €164 | -€5,136 | -96.9% |
| Taxes, remuneration and social security | 45 | €12,312 | €8,782 | -€3,530 | -28.7% |
| Taxes | 450/3 | €12,312 | €8,782 | -€3,530 | -28.7% |
| Other amounts payable | 47/48 | €37,090 | €37,470 | +€381 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,770 | €12,933 | +€163 | +1.3% |
| Other operating charges | 640/8 | €2,341 | €2,005 | -€336 | -14.4% |
| Gross operating margin | 9900 | €60,790 | €50,827 | -€9,963 | -16.4% |
| Operating profit (loss) | 9901 | €45,679 | €35,890 | -€9,789 | -21.4% |
| Financial income | 75/76B | €0 | €93 | +€93 | +929,100% |
| Recurring financial income | 75 | €0 | €93 | +€93 | +929,100% |
| Financial charges | 65/66B | €4,856 | €5,588 | +€732 | +15.1% |
| Recurring financial charges | 65 | €4,856 | €5,588 | +€732 | +15.1% |
| Profit (loss) for the period before taxes | 9903 | €40,823 | €30,395 | -€10,429 | -25.5% |
| Income taxes | 67/77 | €12,312 | €9,782 | -€2,530 | -20.5% |
| Profit (loss) for the period | 9904 | €28,511 | €20,612 | -€7,899 | -27.7% |
| Profit (loss) for the period to be appropriated | 9905 | €28,511 | €20,612 | -€7,899 | -27.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.