PASCAL BISSCHOP: 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.
PASCAL BISSCHOP
Largest movements
- Stocks and contracts -€193,696
down €193,696 (-97.0%), from €199,655 to €5,959
- Receivables after one year -€97,773
down €97,773 (-6.2%), from €1.6m to €1.5m
- Current investments +€73,000
up €73,000 (+421.1%), from €17,338 to €90,338
- Tangible fixed assets -€49,085
down €49,085 (-29.6%), from €165,616 to €116,530
of which Furniture and vehicles: -€36,208
- Reserves -€147,549
down €147,549 (-14.3%), from €1.0m to €886,357
- Debts after one year -€131,000
down €131,000 (-15.9%), from €822,750 to €691,750
- Accrued charges and deferred income +€51,134
up €51,134 (+89.1%), from €57,412 to €108,547
- Gross operating margin -€239,578
down €239,578, from €233,534 to -€6,044
- Staff costs -€61,739
down €61,739 (-41.8%), from €147,754 to €86,015
- Financial income +€11,487
up €11,487 (+29.4%), from €39,083 to €50,570
- Depreciation +€10,590
up €10,590 (+27.5%), from €38,495 to €49,085
- Financial charges -€7,929
down €7,929 (-12.5%), from €63,393 to €55,464
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 | €2,052,004 | €1,793,972 | -€258,032 | -12.6% |
| Fixed assets | 21/28 | €165,616 | €116,530 | -€49,085 | -29.6% |
| Tangible fixed assets | 22/27 | €165,616 | €116,530 | -€49,085 | -29.6% |
| Plant, machinery and equipment | 23 | €35,322 | €22,445 | -€12,877 | -36.5% |
| Furniture and vehicles | 24 | €130,294 | €94,085 | -€36,208 | -27.8% |
| Current assets | 29/58 | €1,886,388 | €1,677,441 | -€208,947 | -11.1% |
| Amounts receivable after more than one year | 29 | €1,572,350 | €1,474,577 | -€97,773 | -6.2% |
| Other amounts receivable | 291 | €1,572,350 | €1,474,577 | -€97,773 | -6.2% |
| Stocks and contracts in progress | 3 | €199,655 | €5,959 | -€193,696 | -97.0% |
| Stocks | 30/36 | €199,655 | €5,959 | -€193,696 | -97.0% |
| Amounts receivable within one year | 40/41 | €79,350 | €78,946 | -€404 | -0.5% |
| Trade receivables | 40 | €44,359 | €69,652 | +€25,293 | +57.0% |
| Other amounts receivable | 41 | €34,991 | €9,294 | -€25,697 | -73.4% |
| Current investments | 50/53 | €17,338 | €90,338 | +€73,000 | +421.1% |
| Cash at bank and in hand | 54/58 | €12,998 | €21,649 | +€8,651 | +66.6% |
| Deferred charges and accrued income | 490/1 | €4,697 | €5,973 | +€1,275 | +27.2% |
| Total equity and liabilities | 10/49 | €2,052,004 | €1,793,972 | -€258,032 | -12.6% |
| Equity | 10/15 | €1,078,906 | €931,357 | -€147,549 | -13.7% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €1,033,906 | €886,357 | -€147,549 | -14.3% |
| Distributable reserves | 133 | €1,033,906 | €886,357 | -€147,549 | -14.3% |
| Amounts payable | 17/49 | €973,098 | €862,615 | -€110,483 | -11.4% |
| Amounts payable after more than one year | 17 | €822,750 | €691,750 | -€131,000 | -15.9% |
| Financial debts | 170/4 | €822,750 | €691,750 | -€131,000 | -15.9% |
| Amounts payable within one year | 42/48 | €92,936 | €62,319 | -€30,617 | -32.9% |
| Current portion of amounts payable after more than one year | 42 | €34,417 | €21,000 | -€13,417 | -39.0% |
| Trade debts | 44 | €50,650 | €35,959 | -€14,691 | -29.0% |
| Suppliers | 440/4 | €50,650 | €35,959 | -€14,691 | -29.0% |
| Taxes, remuneration and social security | 45 | €944 | €867 | -€77 | -8.2% |
| Taxes | 450/3 | €944 | €867 | -€77 | -8.2% |
| Other amounts payable | 47/48 | €6,925 | €4,493 | -€2,432 | -35.1% |
| Accrued charges and deferred income | 492/3 | €57,412 | €108,547 | +€51,134 | +89.1% |
| Non-recurring operating income | 76A | €65,544 | €0 | -€65,544 | -100.0% |
| Remuneration, social security and pensions | 62 | €147,754 | €86,015 | -€61,739 | -41.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,495 | €49,085 | +€10,590 | +27.5% |
| Other operating charges | 640/8 | €1,250 | €1,001 | -€250 | -20.0% |
| Gross operating margin | 9900 | €233,534 | -€6,044 | -€239,578 | |
| Operating profit (loss) | 9901 | €46,034 | -€142,145 | -€188,179 | |
| Financial income | 75/76B | €39,083 | €50,570 | +€11,487 | +29.4% |
| Recurring financial income | 75 | €39,083 | €50,570 | +€11,487 | +29.4% |
| Financial charges | 65/66B | €63,393 | €55,464 | -€7,929 | -12.5% |
| Recurring financial charges | 65 | €63,393 | €55,464 | -€7,929 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | €21,724 | -€147,039 | -€168,764 | |
| Income taxes | 67/77 | €5,848 | €510 | -€5,338 | -91.3% |
| Profit (loss) for the period | 9904 | €15,876 | -€147,549 | -€163,426 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,876 | -€147,549 | -€163,426 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.