IL PASTICCIO: 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.
IL PASTICCIO
Largest movements
- Cash -€55,579
down €55,579 (-59.3%), from €93,669 to €38,090
mainly Contributions, distributions and other (-€54,733) and Investment in fixed assets (net) (-€13,813)
- Current investments -€8,210
down €8,210 (-9.5%), from €86,340 to €78,130
- Receivables within one year +€6,048
up €6,048 (+88.0%), from €6,874 to €12,922
of which Other amounts receivable: +€4,354
- Tangible fixed assets -€5,756
down €5,756 (-7.2%), from €80,286 to €74,530
of which Other tangible fixed assets: -€4,933
- Reserves -€40,000
down €40,000 (-21.7%), from €184,000 to €144,000
- Other debts -€12,953
down €12,953 (-54.0%), from €24,005 to €11,053
- Contributions -€9,366
down €9,366 (-31.9%), from €29,366 to €20,000
- Trade debts +€4,443
up €4,443 (+54.9%), from €8,095 to €12,538
- Tax, wage and social debts -€2,902
down €2,902 (-8.4%), from €34,358 to €31,456
of which Taxes: -€1,519
- Staff costs +€26,435
up €26,435 (+19.3%), from €137,156 to €163,591
- Taxes -€4,980
down €4,980 (-55.9%), from €8,908 to €3,927
- Financial income +€4,471
up €4,471 (+3702.2%), from €121 to €4,592
- Gross operating margin +€4,165
up €4,165 (+2.1%), from €195,043 to €199,208
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.
Cash bridge derived
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 | €279,825 | €219,046 | -€60,779 | -21.7% |
| Fixed assets | 21/28 | €80,536 | €74,780 | -€5,756 | -7.1% |
| Tangible fixed assets | 22/27 | €80,286 | €74,530 | -€5,756 | -7.2% |
| Plant, machinery and equipment | 23 | €6,504 | €7,564 | +€1,060 | +16.3% |
| Furniture and vehicles | 24 | €3,087 | €1,204 | -€1,883 | -61.0% |
| Other tangible fixed assets | 26 | €70,695 | €65,762 | -€4,933 | -7.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €199,289 | €144,266 | -€55,024 | -27.6% |
| Stocks and contracts in progress | 3 | €9,430 | €10,100 | +€670 | +7.1% |
| Stocks | 30/36 | €9,430 | €10,100 | +€670 | +7.1% |
| Amounts receivable within one year | 40/41 | €6,874 | €12,922 | +€6,048 | +88.0% |
| Trade receivables | 40 | - | €1,694 | +€1,694 | |
| Other amounts receivable | 41 | €6,874 | €11,228 | +€4,354 | +63.3% |
| Current investments | 50/53 | €86,340 | €78,130 | -€8,210 | -9.5% |
| Cash at bank and in hand | 54/58 | €93,669 | €38,090 | -€55,579 | -59.3% |
| Deferred charges and accrued income | 490/1 | €2,976 | €5,024 | +€2,048 | +68.8% |
| Total equity and liabilities | 10/49 | €279,825 | €219,046 | -€60,779 | -21.7% |
| Equity | 10/15 | €213,366 | €164,000 | -€49,366 | -23.1% |
| Contributions | 10/11 | €29,366 | €20,000 | -€9,366 | -31.9% |
| Reserves | 13 | €184,000 | €144,000 | -€40,000 | -21.7% |
| Distributable reserves | 133 | €184,000 | €144,000 | -€40,000 | -21.7% |
| Amounts payable | 17/49 | €66,459 | €55,046 | -€11,413 | -17.2% |
| Amounts payable within one year | 42/48 | €66,459 | €55,046 | -€11,413 | -17.2% |
| Trade debts | 44 | €8,095 | €12,538 | +€4,443 | +54.9% |
| Suppliers | 440/4 | €8,095 | €12,538 | +€4,443 | +54.9% |
| Taxes, remuneration and social security | 45 | €34,358 | €31,456 | -€2,902 | -8.4% |
| Taxes | 450/3 | €20,050 | €18,531 | -€1,519 | -7.6% |
| Remuneration and social security | 454/9 | €14,308 | €12,924 | -€1,384 | -9.7% |
| Other amounts payable | 47/48 | €24,005 | €11,053 | -€12,953 | -54.0% |
| Remuneration, social security and pensions | 62 | €137,156 | €163,591 | +€26,435 | +19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,864 | €19,568 | +€704 | +3.7% |
| Other operating charges | 640/8 | €5,269 | €5,138 | -€132 | -2.5% |
| Gross operating margin | 9900 | €195,043 | €199,208 | +€4,165 | +2.1% |
| Operating profit (loss) | 9901 | €33,753 | €10,911 | -€22,843 | -67.7% |
| Financial income | 75/76B | €121 | €4,592 | +€4,471 | +3702.2% |
| Recurring financial income | 75 | €121 | €4,592 | +€4,471 | +3702.2% |
| Financial charges | 65/66B | €5,480 | €6,209 | +€729 | +13.3% |
| Recurring financial charges | 65 | €5,480 | €6,209 | +€729 | +13.3% |
| Profit (loss) for the period before taxes | 9903 | €28,395 | €9,294 | -€19,101 | -67.3% |
| Income taxes | 67/77 | €8,908 | €3,927 | -€4,980 | -55.9% |
| Profit (loss) for the period | 9904 | €19,487 | €5,366 | -€14,121 | -72.5% |
| Profit (loss) for the period to be appropriated | 9905 | €19,487 | €5,366 | -€14,121 | -72.5% |
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 11 October 2026 via checked.be.