GONÇALO PASCOAL: what changed
GONÇALO PASCOAL
Largest movements
- Cash +€17,252
up €17,252 (+33.3%), from €51,812 to €69,065
mainly Net result for the year (+€20,679) and Tax, wage and social debts (+€17,748)
- Tangible fixed assets -€9,364
down €9,364 (-3.0%), from €317,315 to €307,950
of which Land and buildings: -€9,266
- Receivables within one year -€4,290
down €4,290 (-47.0%), from €9,127 to €4,837
of which Trade receivables: -€2,400
- Other debts -€23,308
down €23,308 (-15.5%), from €149,951 to €126,643
- Profit (loss) carried forward +€20,679
up €20,679 (+71.6%), from €28,885 to €49,565
- Tax, wage and social debts +€17,748
up €17,748 (+303%), from €5,866 to €23,614
of which Remuneration and social security: +€17,008
- Debts after one year -€5,906
down €5,906 (-2.9%), from €206,162 to €200,256
- Current portion of long-term debt -€4,827
down €4,827 (-44.9%), from €10,751 to €5,924
- Gross operating margin -€16,911
down €16,911 (-25.7%), from €65,867 to €48,956
- Taxes +€6,090
up €6,090 (+12,179%), from €50 to €6,140
- Other operating charges +€2,568
up €2,568 (+9,624%), from €27 to €2,594
- Financial charges -€1,675
down €1,675 (-16.9%), from €9,936 to €8,261
- Staff costs -€687
down €687 (-36.7%), from €1,869 to €1,183
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €406,434 | €410,628 | +€4,194 | +1.0% |
| Fixed assets | 21/28 | €317,315 | €307,950 | -€9,364 | -3.0% |
| Tangible fixed assets | 22/27 | €317,315 | €307,950 | -€9,364 | -3.0% |
| Land and buildings | 22 | €316,692 | €307,426 | -€9,266 | -2.9% |
| Furniture and vehicles | 24 | €623 | €525 | -€98 | -15.8% |
| Current assets | 29/58 | €89,120 | €102,678 | +€13,558 | +15.2% |
| Stocks and contracts in progress | 3 | €28,181 | €28,776 | +€595 | +2.1% |
| Stocks | 30/36 | €28,181 | €28,776 | +€595 | +2.1% |
| Amounts receivable within one year | 40/41 | €9,127 | €4,837 | -€4,290 | -47.0% |
| Trade receivables | 40 | €2,400 | - | -€2,400 | |
| Other amounts receivable | 41 | €6,727 | €4,837 | -€1,890 | -28.1% |
| Cash at bank and in hand | 54/58 | €51,812 | €69,065 | +€17,252 | +33.3% |
| Total equity and liabilities | 10/49 | €406,434 | €410,628 | +€4,194 | +1.0% |
| Equity | 10/15 | €30,885 | €51,565 | +€20,679 | +67.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,885 | €49,565 | +€20,679 | +71.6% |
| Amounts payable | 17/49 | €375,549 | €359,063 | -€16,486 | -4.4% |
| Amounts payable after more than one year | 17 | €206,162 | €200,256 | -€5,906 | -2.9% |
| Financial debts | 170/4 | €206,162 | €200,256 | -€5,906 | -2.9% |
| Amounts payable within one year | 42/48 | €169,387 | €158,807 | -€10,579 | -6.2% |
| Current portion of amounts payable after more than one year | 42 | €10,751 | €5,924 | -€4,827 | -44.9% |
| Trade debts | 44 | €240 | €2,462 | +€2,222 | +926% |
| Suppliers | 440/4 | €240 | €2,462 | +€2,222 | +926% |
| Advances received on contracts in progress | 46 | €2,578 | €163 | -€2,415 | -93.7% |
| Taxes, remuneration and social security | 45 | €5,866 | €23,614 | +€17,748 | +303% |
| Taxes | 450/3 | €5,866 | €6,606 | +€740 | +12.6% |
| Remuneration and social security | 454/9 | - | €17,008 | +€17,008 | |
| Other amounts payable | 47/48 | €149,951 | €126,643 | -€23,308 | -15.5% |
| Remuneration, social security and pensions | 62 | €1,869 | €1,183 | -€687 | -36.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,944 | €9,664 | -€280 | -2.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €387 | - | -€387 | |
| Other operating charges | 640/8 | €27 | €2,594 | +€2,568 | +9,624% |
| Non-recurring operating charges | 66A | - | €435 | +€435 | |
| Gross operating margin | 9900 | €65,867 | €48,956 | -€16,911 | -25.7% |
| Operating profit (loss) | 9901 | €53,640 | €35,080 | -€18,560 | -34.6% |
| Financial income | 75/76B | €307 | - | -€307 | |
| Recurring financial income | 75 | €49 | - | -€49 | |
| Non-recurring financial income | 76B | €258 | - | -€258 | |
| Financial charges | 65/66B | €9,936 | €8,261 | -€1,675 | -16.9% |
| Recurring financial charges | 65 | €9,936 | €8,261 | -€1,675 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | €44,011 | €26,819 | -€17,192 | -39.1% |
| Income taxes | 67/77 | €50 | €6,140 | +€6,090 | +12,179% |
| Profit (loss) for the period | 9904 | €43,961 | €20,679 | -€23,281 | -53.0% |
| Profit (loss) for the period to be appropriated | 9905 | €43,961 | €20,679 | -€23,281 | -53.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.