DE STOBBELEIR PASCAL: 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.
DE STOBBELEIR PASCAL
Largest movements
- Cash -€12,768
down €12,768 (-17.1%), from €74,579 to €61,812
mainly Net result for the year (-€11,795) and Debts after one year (-€9,963)
- Receivables within one year -€6,215
down €6,215 (-16.8%), from €37,042 to €30,827
of which Trade receivables: -€8,811
- Profit (loss) carried forward -€11,795
down €11,795 (-23.9%), from -€49,359 to -€61,154
- Debts after one year -€9,963
down €9,963 (-22.9%), from €43,578 to €33,615
- Tax, wage and social debts +€2,918
up €2,918 (+15.0%), from €19,473 to €22,390
- Gross operating margin -€7,615
down €7,615 (-94.3%), from €8,075 to €460
- Other operating charges -€617
down €617 (-21.0%), from €2,942 to €2,325
- Taxes -€418
down €418 (-62.8%), from €666 to €248
- Financial charges -€398
down €398 (-22.0%), from €1,810 to €1,412
- Depreciation -€242
down €242 (-2.8%), from €8,601 to €8,359
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 | €268,573 | €248,595 | -€19,978 | -7.4% |
| Fixed assets | 21/28 | €154,346 | €153,443 | -€903 | -0.6% |
| Tangible fixed assets | 22/27 | €151,786 | €150,883 | -€903 | -0.6% |
| Land and buildings | 22 | €143,205 | €145,492 | +€2,286 | +1.6% |
| Plant, machinery and equipment | 23 | €700 | €350 | -€350 | -50.0% |
| Furniture and vehicles | 24 | €7,881 | €5,041 | -€2,840 | -36.0% |
| Financial fixed assets | 28 | €2,560 | €2,560 | = | 0.0% |
| Current assets | 29/58 | €114,227 | €95,153 | -€19,074 | -16.7% |
| Amounts receivable within one year | 40/41 | €37,042 | €30,827 | -€6,215 | -16.8% |
| Trade receivables | 40 | €25,244 | €16,433 | -€8,811 | -34.9% |
| Other amounts receivable | 41 | €11,798 | €14,394 | +€2,596 | +22.0% |
| Cash at bank and in hand | 54/58 | €74,579 | €61,812 | -€12,768 | -17.1% |
| Deferred charges and accrued income | 490/1 | €2,606 | €2,514 | -€92 | -3.5% |
| Total equity and liabilities | 10/49 | €268,573 | €248,595 | -€19,978 | -7.4% |
| Equity | 10/15 | €194,839 | €183,043 | -€11,795 | -6.1% |
| Contributions | 10/11 | €72,867 | €72,867 | = | 0.0% |
| Capital | 10 | €72,867 | €72,867 | = | 0.0% |
| Issued capital | 100 | €73,982 | €73,982 | = | 0.0% |
| Uncalled capital | 101 | €1,116 | €1,116 | = | 0.0% |
| Reserves | 13 | €171,331 | €171,331 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,782 | €3,782 | = | 0.0% |
| Legal reserve | 130 | €3,782 | €3,782 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,150 | €7,150 | = | 0.0% |
| Distributable reserves | 133 | €160,399 | €160,399 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,359 | -€61,154 | -€11,795 | -23.9% |
| Amounts payable | 17/49 | €73,734 | €65,552 | -€8,183 | -11.1% |
| Amounts payable after more than one year | 17 | €43,578 | €33,615 | -€9,963 | -22.9% |
| Financial debts | 170/4 | €43,578 | €33,615 | -€9,963 | -22.9% |
| Amounts payable within one year | 42/48 | €30,156 | €31,937 | +€1,781 | +5.9% |
| Financial debts | 43 | €8,769 | €9,190 | +€421 | +4.8% |
| Credit institutions | 430/8 | €8,769 | €9,190 | +€421 | +4.8% |
| Trade debts | 44 | €1,915 | €357 | -€1,557 | -81.3% |
| Suppliers | 440/4 | €1,915 | €357 | -€1,557 | -81.3% |
| Taxes, remuneration and social security | 45 | €19,473 | €22,390 | +€2,918 | +15.0% |
| Remuneration and social security | 454/9 | €19,473 | €22,390 | +€2,918 | +15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,601 | €8,359 | -€242 | -2.8% |
| Other operating charges | 640/8 | €2,942 | €2,325 | -€617 | -21.0% |
| Gross operating margin | 9900 | €8,075 | €460 | -€7,615 | -94.3% |
| Operating profit (loss) | 9901 | -€3,469 | -€10,224 | -€6,756 | -195% |
| Financial income | 75/76B | €244 | €89 | -€155 | -63.7% |
| Recurring financial income | 75 | €244 | €89 | -€155 | -63.7% |
| Financial charges | 65/66B | €1,810 | €1,412 | -€398 | -22.0% |
| Recurring financial charges | 65 | €1,810 | €1,412 | -€398 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,034 | -€11,548 | -€6,513 | -129% |
| Income taxes | 67/77 | €666 | €248 | -€418 | -62.8% |
| Profit (loss) for the period | 9904 | -€5,700 | -€11,795 | -€6,095 | -107% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,700 | -€11,795 | -€6,095 | -107% |
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 14 October 2026 via checked.be.