Goergen Pascal Management: 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.
Goergen Pascal Management
Largest movements
- Intangible fixed assets +€1,691
new in 2025: €1,691
- Tangible fixed assets -€1,019
down €1,019 (-61.0%), from €1,671 to €652
- Receivables within one year +€209
up €209 (+67.6%), from €309 to €518
of which Other amounts receivable: +€250
- Cash -€125
down €125 (-98.1%), from €127 to €2
mainly Net result for the year (-€11,198) and Investment in fixed assets (net) (-€2,000)
- Profit (loss) carried forward -€11,198
down €11,198 (-3.8%), from -€294,940 to -€306,139
- Other debts +€10,019
up €10,019 (+3.5%), from €284,211 to €294,230
- Trade debts +€1,936
new in 2025: €1,936
- Gross operating margin -€2,343
down €2,343 (-31.5%), from -€7,446 to -€9,790
- Taxes -€1,022
no longer reported in 2025 (was €1,022)
- Other operating charges -€387
down €387 (-89.4%), from €433 to €46
- Depreciation +€382
up €382 (+40.4%), from €946 to €1,328
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 | €2,144 | €2,901 | +€756 | +35.3% |
| Fixed assets | 21/28 | €1,708 | €2,380 | +€672 | +39.4% |
| Intangible fixed assets | 21 | - | €1,691 | +€1,691 | |
| Tangible fixed assets | 22/27 | €1,671 | €652 | -€1,019 | -61.0% |
| Plant, machinery and equipment | 23 | €1,671 | €652 | -€1,019 | -61.0% |
| Financial fixed assets | 28 | €38 | €38 | = | 0.0% |
| Current assets | 29/58 | €436 | €520 | +€84 | +19.3% |
| Amounts receivable within one year | 40/41 | €309 | €518 | +€209 | +67.6% |
| Trade receivables | 40 | €41 | - | -€41 | |
| Other amounts receivable | 41 | €268 | €518 | +€250 | +93.3% |
| Cash at bank and in hand | 54/58 | €127 | €2 | -€125 | -98.1% |
| Total equity and liabilities | 10/49 | €2,144 | €2,901 | +€756 | +35.3% |
| Equity | 10/15 | -€282,067 | -€293,265 | -€11,198 | -4.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €473 | €473 | = | 0.0% |
| Non-distributable reserves | 130/1 | €473 | €473 | = | 0.0% |
| Reserves not available under the articles | 1311 | €473 | €473 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€294,940 | -€306,139 | -€11,198 | -3.8% |
| Amounts payable | 17/49 | €284,211 | €296,166 | +€11,955 | +4.2% |
| Amounts payable within one year | 42/48 | €284,211 | €296,166 | +€11,955 | +4.2% |
| Trade debts | 44 | - | €1,936 | +€1,936 | |
| Suppliers | 440/4 | - | €1,936 | +€1,936 | |
| Other amounts payable | 47/48 | €284,211 | €294,230 | +€10,019 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €946 | €1,328 | +€382 | +40.4% |
| Other operating charges | 640/8 | €433 | €46 | -€387 | -89.4% |
| Gross operating margin | 9900 | -€7,446 | -€9,790 | -€2,343 | -31.5% |
| Operating profit (loss) | 9901 | -€8,826 | -€11,163 | -€2,338 | -26.5% |
| Financial income | 75/76B | €7 | - | -€7 | |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Financial charges | 65/66B | €89 | €35 | -€54 | -60.5% |
| Recurring financial charges | 65 | €89 | €35 | -€54 | -60.5% |
| Profit (loss) for the period before taxes | 9903 | -€8,907 | -€11,198 | -€2,292 | -25.7% |
| Income taxes | 67/77 | €1,022 | - | -€1,022 | |
| Profit (loss) for the period | 9904 | -€9,929 | -€11,198 | -€1,270 | -12.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,929 | -€11,198 | -€1,270 | -12.8% |
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 15 October 2026 via checked.be.