PASCAL DEFLANDRE 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.
PASCAL DEFLANDRE MANAGEMENT
Largest movements
- Receivables after one year +€120,000
new in 2025: €120,000
- Cash +€27,264
up €27,264 (+14.9%), from €182,905 to €210,168
mainly Other debts (+€300,287) and Net result for the year (+€119,626)
- Tangible fixed assets -€25,249
down €25,249 (-49.4%), from €51,129 to €25,881
of which Furniture and vehicles: -€24,152
- Receivables within one year -€10,501
down €10,501 (-78.8%), from €13,327 to €2,826
of which Other amounts receivable: -€10,501
- Other debts +€300,287
up €300,287 (+4,894%), from €6,135 to €306,423
- Profit (loss) carried forward -€180,374
down €180,374 (-94.8%), from €190,198 to €9,824
- Debts after one year -€12,305
down €12,305 (-74.8%), from €16,448 to €4,143
- Trade debts +€3,720
up €3,720, from €0 to €3,720
- Financial income -€53,775
down €53,775 (-100%), from €53,775 to €0
- Gross operating margin +€5,022
up €5,022 (+2.8%), from €179,755 to €184,777
- Depreciation -€2,310
down €2,310 (-8.4%), from €27,559 to €25,249
- Taxes +€2,143
up €2,143 (+6.1%), from €35,031 to €37,174
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 | €248,361 | €359,875 | +€111,514 | +44.9% |
| Fixed assets | 21/28 | €52,129 | €26,881 | -€25,249 | -48.4% |
| Tangible fixed assets | 22/27 | €51,129 | €25,881 | -€25,249 | -49.4% |
| Furniture and vehicles | 24 | €46,657 | €22,505 | -€24,152 | -51.8% |
| Other tangible fixed assets | 26 | €4,473 | €3,375 | -€1,097 | -24.5% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €196,232 | €332,994 | +€136,762 | +69.7% |
| Amounts receivable after more than one year | 29 | - | €120,000 | +€120,000 | |
| Other amounts receivable | 291 | - | €120,000 | +€120,000 | |
| Amounts receivable within one year | 40/41 | €13,327 | €2,826 | -€10,501 | -78.8% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €13,327 | €2,826 | -€10,501 | -78.8% |
| Cash at bank and in hand | 54/58 | €182,905 | €210,168 | +€27,264 | +14.9% |
| Total equity and liabilities | 10/49 | €248,361 | €359,875 | +€111,514 | +44.9% |
| Equity | 10/15 | €210,658 | €30,284 | -€180,374 | -85.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €190,198 | €9,824 | -€180,374 | -94.8% |
| Amounts payable | 17/49 | €37,703 | €329,591 | +€291,888 | +774% |
| Amounts payable after more than one year | 17 | €16,448 | €4,143 | -€12,305 | -74.8% |
| Financial debts | 170/4 | €16,448 | €4,143 | -€12,305 | -74.8% |
| Amounts payable within one year | 42/48 | €21,255 | €325,448 | +€304,193 | +1,431% |
| Current portion of amounts payable after more than one year | 42 | €12,119 | €12,305 | +€186 | +1.5% |
| Trade debts | 44 | €0 | €3,720 | +€3,720 | |
| Suppliers | 440/4 | €0 | €3,720 | +€3,720 | |
| Taxes, remuneration and social security | 45 | €3,000 | €3,000 | = | 0.0% |
| Taxes | 450/3 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | €6,135 | €306,423 | +€300,287 | +4,894% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,559 | €25,249 | -€2,310 | -8.4% |
| Other operating charges | 640/8 | €1,576 | €2,069 | +€493 | +31.3% |
| Gross operating margin | 9900 | €179,755 | €184,777 | +€5,022 | +2.8% |
| Operating profit (loss) | 9901 | €150,619 | €157,458 | +€6,839 | +4.5% |
| Financial income | 75/76B | €53,775 | €0 | -€53,775 | -100% |
| Recurring financial income | 75 | €53,775 | €0 | -€53,775 | -100% |
| Financial charges | 65/66B | €1,075 | €658 | -€417 | -38.8% |
| Recurring financial charges | 65 | €1,075 | €658 | -€417 | -38.8% |
| Profit (loss) for the period before taxes | 9903 | €203,319 | €156,800 | -€46,519 | -22.9% |
| Income taxes | 67/77 | €35,031 | €37,174 | +€2,143 | +6.1% |
| Profit (loss) for the period | 9904 | €168,288 | €119,626 | -€48,662 | -28.9% |
| Profit (loss) for the period to be appropriated | 9905 | €168,288 | €119,626 | -€48,662 | -28.9% |
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 23 October 2026 via checked.be.