DR ELS PASTIJN: 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.
DR ELS PASTIJN
Largest movements
- Cash -€40,292
down €40,292 (-63.5%), from €63,496 to €23,204
mainly Other debts (-€64,900) and Debts after one year (-€27,538)
- Receivables within one year -€23,583
down €23,583 (-100%), from €23,583 to €0
of which Trade receivables: -€23,400
- Tangible fixed assets -€14,019
down €14,019 (-3.5%), from €405,762 to €391,742
- Other debts -€64,900
down €64,900 (-93.6%), from €69,343 to €4,444
- Debts after one year -€27,538
down €27,538 (-13.6%), from €202,049 to €174,511
- Reserves +€17,404
up €17,404 (+5.6%), from €312,755 to €330,159
of which Distributable reserves: +€17,404
- Tax, wage and social debts +€8,493
up €8,493 (+114%), from €7,439 to €15,932
- Trade debts -€6,761
down €6,761 (-95.7%), from €7,063 to €302
- Gross operating margin -€72,935
down €72,935 (-75.9%), from €96,090 to €23,155
- Financial income +€29,839
up €29,839 (+1,785%), from €1,672 to €31,511
- Taxes -€9,862
down €9,862 (-48.4%), from €20,374 to €10,512
- Financial charges -€5,148
down €5,148 (-32.0%), from €16,088 to €10,940
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 | €644,655 | €567,526 | -€77,129 | -12.0% |
| Fixed assets | 21/28 | €405,762 | €391,742 | -€14,019 | -3.5% |
| Tangible fixed assets | 22/27 | €405,762 | €391,742 | -€14,019 | -3.5% |
| Land and buildings | 22 | €405,762 | €391,742 | -€14,019 | -3.5% |
| Current assets | 29/58 | €238,894 | €175,784 | -€63,110 | -26.4% |
| Amounts receivable within one year | 40/41 | €23,583 | €0 | -€23,583 | -100% |
| Trade receivables | 40 | €23,400 | €0 | -€23,400 | -100% |
| Other amounts receivable | 41 | €183 | €0 | -€183 | -100% |
| Current investments | 50/53 | €146,058 | €149,133 | +€3,075 | +2.1% |
| Cash at bank and in hand | 54/58 | €63,496 | €23,204 | -€40,292 | -63.5% |
| Deferred charges and accrued income | 490/1 | €5,757 | €3,446 | -€2,311 | -40.1% |
| Total equity and liabilities | 10/49 | €644,655 | €567,526 | -€77,129 | -12.0% |
| Equity | 10/15 | €325,155 | €342,559 | +€17,404 | +5.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €312,755 | €330,159 | +€17,404 | +5.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €312,755 | €330,159 | +€17,404 | +5.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €319,501 | €224,967 | -€94,534 | -29.6% |
| Amounts payable after more than one year | 17 | €202,049 | €174,511 | -€27,538 | -13.6% |
| Financial debts | 170/4 | €202,049 | €174,511 | -€27,538 | -13.6% |
| Amounts payable within one year | 42/48 | €117,452 | €50,456 | -€66,996 | -57.0% |
| Current portion of amounts payable after more than one year | 42 | €33,607 | €29,779 | -€3,828 | -11.4% |
| Trade debts | 44 | €7,063 | €302 | -€6,761 | -95.7% |
| Suppliers | 440/4 | €7,063 | €302 | -€6,761 | -95.7% |
| Taxes, remuneration and social security | 45 | €7,439 | €15,932 | +€8,493 | +114% |
| Taxes | 450/3 | €7,439 | €15,932 | +€8,493 | +114% |
| Other amounts payable | 47/48 | €69,343 | €4,444 | -€64,900 | -93.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,023 | €14,019 | -€3 | 0.0% |
| Other operating charges | 640/8 | €1,216 | €1,790 | +€574 | +47.2% |
| Gross operating margin | 9900 | €96,090 | €23,155 | -€72,935 | -75.9% |
| Operating profit (loss) | 9901 | €80,852 | €7,346 | -€73,506 | -90.9% |
| Financial income | 75/76B | €1,672 | €31,511 | +€29,839 | +1,785% |
| Recurring financial income | 75 | €1,672 | €31,511 | +€29,839 | +1,785% |
| Financial charges | 65/66B | €16,088 | €10,940 | -€5,148 | -32.0% |
| Recurring financial charges | 65 | €16,088 | €10,940 | -€5,148 | -32.0% |
| Profit (loss) for the period before taxes | 9903 | €66,435 | €27,916 | -€38,519 | -58.0% |
| Income taxes | 67/77 | €20,374 | €10,512 | -€9,862 | -48.4% |
| Profit (loss) for the period | 9904 | €46,061 | €17,404 | -€28,657 | -62.2% |
| Profit (loss) for the period to be appropriated | 9905 | €46,061 | €17,404 | -€28,657 | -62.2% |
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 22 October 2026 via checked.be.