PASCAL FAES: what changed
Two fiscal 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 FAES
Largest movements
- Cash +€34,374
up €34,374 (+254.7%), from €13,496 to €47,870
mainly Current investments (+€32,094) and Depreciation (+€16,352)
- Current investments -€32,094
down €32,094 (-7.9%), from €405,991 to €373,897
- Tangible fixed assets -€23,072
down €23,072 (-3.4%), from €679,639 to €656,567
of which Land and buildings: -€18,731
- Profit (loss) carried forward -€20,349
down €20,349 (-7.5%), from -€270,199 to -€290,548
- Gross operating margin +€15,904
up €15,904 (+37.5%), from -€42,408 to -€26,504
- Financial income +€14,912
up €14,912 (+136.5%), from €10,923 to €25,835
- Other operating charges -€1,124
down €1,124 (-5.6%), from €20,048 to €18,924
- Financial charges +€810
up €810 (+4.8%), from -€16,769 to -€15,959
- Depreciation -€557
down €557 (-3.3%), from €16,909 to €16,352
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,109,330 | €1,085,087 | -€24,243 | -2.2% |
| Fixed assets | 21/28 | €679,639 | €656,567 | -€23,072 | -3.4% |
| Tangible fixed assets | 22/27 | €679,639 | €656,567 | -€23,072 | -3.4% |
| Land and buildings | 22 | €669,013 | €650,282 | -€18,731 | -2.8% |
| Plant, machinery and equipment | 23 | €10,440 | €6,208 | -€4,232 | -40.5% |
| Furniture and vehicles | 24 | €186 | €77 | -€109 | -58.6% |
| Current assets | 29/58 | €429,691 | €428,520 | -€1,171 | -0.3% |
| Amounts receivable within one year | 40/41 | €7,946 | €4,268 | -€3,678 | -46.3% |
| Trade receivables | 40 | €6,523 | €3,509 | -€3,014 | -46.2% |
| Other amounts receivable | 41 | €1,423 | €759 | -€664 | -46.7% |
| Current investments | 50/53 | €405,991 | €373,897 | -€32,094 | -7.9% |
| Cash at bank and in hand | 54/58 | €13,496 | €47,870 | +€34,374 | +254.7% |
| Deferred charges and accrued income | 490/1 | €2,258 | €2,485 | +€227 | +10.1% |
| Total equity and liabilities | 10/49 | €1,109,330 | €1,085,087 | -€24,243 | -2.2% |
| Equity | 10/15 | €1,095,291 | €1,074,941 | -€20,350 | -1.9% |
| Contributions | 10/11 | €654,816 | €654,815 | -€1 | 0.0% |
| Reserves | 13 | €710,674 | €710,674 | = | 0.0% |
| Distributable reserves | 133 | €710,674 | €710,674 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€270,199 | -€290,548 | -€20,349 | -7.5% |
| Amounts payable | 17/49 | €14,039 | €10,146 | -€3,893 | -27.7% |
| Amounts payable within one year | 42/48 | €14,039 | €10,146 | -€3,893 | -27.7% |
| Financial debts | 43 | €75 | - | -€75 | |
| Credit institutions | 430/8 | €75 | - | -€75 | |
| Trade debts | 44 | €4,936 | €1,415 | -€3,521 | -71.3% |
| Suppliers | 440/4 | €4,936 | €1,415 | -€3,521 | -71.3% |
| Taxes, remuneration and social security | 45 | €9,028 | €8,658 | -€370 | -4.1% |
| Taxes | 450/3 | €9,028 | €8,658 | -€370 | -4.1% |
| Other amounts payable | 47/48 | - | €73 | +€73 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,909 | €16,352 | -€557 | -3.3% |
| Other operating charges | 640/8 | €20,048 | €18,924 | -€1,124 | -5.6% |
| Gross operating margin | 9900 | -€42,408 | -€26,504 | +€15,904 | +37.5% |
| Operating profit (loss) | 9901 | -€79,365 | -€61,780 | +€17,585 | +22.2% |
| Financial income | 75/76B | €10,923 | €25,835 | +€14,912 | +136.5% |
| Recurring financial income | 75 | €10,923 | €25,835 | +€14,912 | +136.5% |
| Financial charges | 65/66B | -€16,769 | -€15,959 | +€810 | +4.8% |
| Recurring financial charges | 65 | -€16,769 | -€15,959 | +€810 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | -€51,673 | -€19,986 | +€31,687 | +61.3% |
| Income taxes | 67/77 | €384 | €363 | -€21 | -5.5% |
| Profit (loss) for the period | 9904 | -€52,057 | -€20,349 | +€31,708 | +60.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€52,057 | -€20,349 | +€31,708 | +60.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.