LAENENS 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.
LAENENS PASCAL
Largest movements
- Cash -€30,770
down €30,770 (-34.5%), from €89,240 to €58,469
mainly Receivables within one year (-€23,917) and Contributions, distributions and other (-€23,529)
- Receivables within one year +€23,917
up €23,917 (+755.7%), from €3,165 to €27,082
of which Trade receivables: +€25,000
- Deferred charges and accrued income -€2,318
down €2,318 (-19.9%), from €11,653 to €9,335
- Tangible fixed assets -€1,697
down €1,697 (-8.4%), from €20,284 to €18,588
of which Furniture and vehicles: -€1,309
- Other debts -€17,877
down €17,877 (-45.8%), from €39,064 to €21,186
- Profit (loss) carried forward -€10,386
down €10,386 (-13.9%), from €74,856 to €64,471
- Reserves +€10,000
new in 2025: €10,000
- Tax, wage and social debts +€6,485
up €6,485 (+196.5%), from €3,300 to €9,785
- Gross operating margin +€25,102
up €25,102 (+189.4%), from €13,252 to €38,354
- Taxes +€5,568
up €5,568 (+238.4%), from €2,335 to €7,903
- Financial charges -€844
down €844 (-30.4%), from €2,775 to €1,931
- Other operating charges -€387
down €387 (-41.6%), from €931 to €544
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 | €124,342 | €113,474 | -€10,868 | -8.7% |
| Fixed assets | 21/28 | €20,284 | €18,588 | -€1,697 | -8.4% |
| Tangible fixed assets | 22/27 | €20,284 | €18,588 | -€1,697 | -8.4% |
| Plant, machinery and equipment | 23 | €17,982 | €17,594 | -€388 | -2.2% |
| Furniture and vehicles | 24 | €2,302 | €993 | -€1,309 | -56.9% |
| Current assets | 29/58 | €104,058 | €94,887 | -€9,171 | -8.8% |
| Amounts receivable within one year | 40/41 | €3,165 | €27,082 | +€23,917 | +755.7% |
| Trade receivables | 40 | - | €25,000 | +€25,000 | |
| Other amounts receivable | 41 | €3,165 | €2,082 | -€1,083 | -34.2% |
| Cash at bank and in hand | 54/58 | €89,240 | €58,469 | -€30,770 | -34.5% |
| Deferred charges and accrued income | 490/1 | €11,653 | €9,335 | -€2,318 | -19.9% |
| Total equity and liabilities | 10/49 | €124,342 | €113,474 | -€10,868 | -8.7% |
| Equity | 10/15 | €77,856 | €77,471 | -€386 | -0.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €10,000 | +€10,000 | |
| Distributable reserves | 133 | - | €10,000 | +€10,000 | |
| Profit (loss) carried forward | 14 | €74,856 | €64,471 | -€10,386 | -13.9% |
| Amounts payable | 17/49 | €46,486 | €36,004 | -€10,482 | -22.5% |
| Amounts payable within one year | 42/48 | €46,486 | €36,004 | -€10,482 | -22.5% |
| Trade debts | 44 | €4,122 | €5,032 | +€910 | +22.1% |
| Suppliers | 440/4 | €4,122 | €5,032 | +€910 | +22.1% |
| Taxes, remuneration and social security | 45 | €3,300 | €9,785 | +€6,485 | +196.5% |
| Taxes | 450/3 | €3,300 | €9,785 | +€6,485 | +196.5% |
| Other amounts payable | 47/48 | €39,064 | €21,186 | -€17,877 | -45.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,878 | €4,833 | -€46 | -0.9% |
| Other operating charges | 640/8 | €931 | €544 | -€387 | -41.6% |
| Gross operating margin | 9900 | €13,252 | €38,354 | +€25,102 | +189.4% |
| Operating profit (loss) | 9901 | €7,443 | €32,978 | +€25,535 | +343.1% |
| Financial income | 75/76B | €9 | - | -€9 | |
| Recurring financial income | 75 | €9 | - | -€9 | |
| Financial charges | 65/66B | €2,775 | €1,931 | -€844 | -30.4% |
| Recurring financial charges | 65 | €2,775 | €1,931 | -€844 | -30.4% |
| Profit (loss) for the period before taxes | 9903 | €4,677 | €31,047 | +€26,370 | +563.9% |
| Income taxes | 67/77 | €2,335 | €7,903 | +€5,568 | +238.4% |
| Profit (loss) for the period | 9904 | €2,341 | €23,144 | +€20,802 | +888.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,341 | €23,144 | +€20,802 | +888.5% |
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 9 October 2026 via checked.be.