PASCAL HABOUSHA: 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 HABOUSHA
Largest movements
- Tangible fixed assets -€25,919
down €25,919 (-4.8%), from €538,445 to €512,526
of which Land and buildings: -€22,788
- Profit (loss) carried forward -€16,223
down €16,223 (-8.3%), from -€196,447 to -€212,670
- Debts after one year -€13,827
down €13,827 (-6.0%), from €228,695 to €214,868
- Other debts -€12,150
down €12,150 (-2.8%), from €435,077 to €422,927
- Short-term financial debts +€9,552
up €9,552 (+2,216%), from €431 to €9,983
- Depreciation +€17,322
up €17,322 (+138%), from €12,510 to €29,832
- Other operating charges -€16,395
down €16,395 (-97.6%), from €16,795 to €400
- Staff costs -€11,513
down €11,513 (-91.8%), from €12,543 to €1,030
- Gross operating margin +€10,396
up €10,396 (+98.5%), from €10,557 to €20,953
- Financial charges -€933
down €933 (-13.6%), from €6,847 to €5,914
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 | €546,363 | €522,607 | -€23,756 | -4.3% |
| Fixed assets | 21/28 | €538,445 | €512,526 | -€25,919 | -4.8% |
| Tangible fixed assets | 22/27 | €538,445 | €512,526 | -€25,919 | -4.8% |
| Land and buildings | 22 | €519,415 | €496,627 | -€22,788 | -4.4% |
| Plant, machinery and equipment | 23 | €5,148 | €4,881 | -€267 | -5.2% |
| Furniture and vehicles | 24 | €11,150 | €9,184 | -€1,966 | -17.6% |
| Other tangible fixed assets | 26 | €2,732 | €1,834 | -€898 | -32.9% |
| Current assets | 29/58 | €7,918 | €10,081 | +€2,163 | +27.3% |
| Amounts receivable within one year | 40/41 | €2,824 | €7,648 | +€4,824 | +171% |
| Trade receivables | 40 | €2,824 | €5,872 | +€3,048 | +108% |
| Other amounts receivable | 41 | - | €1,776 | +€1,776 | |
| Cash at bank and in hand | 54/58 | €2,983 | €439 | -€2,543 | -85.3% |
| Deferred charges and accrued income | 490/1 | €2,111 | €1,993 | -€118 | -5.6% |
| Total equity and liabilities | 10/49 | €546,363 | €522,607 | -€23,756 | -4.3% |
| Equity | 10/15 | -€132,133 | -€148,356 | -€16,223 | -12.3% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €58,109 | €58,109 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€196,447 | -€212,670 | -€16,223 | -8.3% |
| Amounts payable | 17/49 | €678,496 | €670,962 | -€7,533 | -1.1% |
| Amounts payable after more than one year | 17 | €228,695 | €214,868 | -€13,827 | -6.0% |
| Financial debts | 170/4 | €228,695 | €214,868 | -€13,827 | -6.0% |
| Amounts payable within one year | 42/48 | €449,801 | €456,094 | +€6,293 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €13,553 | €13,827 | +€273 | +2.0% |
| Financial debts | 43 | €431 | €9,983 | +€9,552 | +2,216% |
| Credit institutions | 430/8 | €431 | €9,983 | +€9,552 | +2,216% |
| Trade debts | 44 | €739 | €5,727 | +€4,988 | +675% |
| Suppliers | 440/4 | €739 | €5,727 | +€4,988 | +675% |
| Advances received on contracts in progress | 46 | - | €3,630 | +€3,630 | |
| Other amounts payable | 47/48 | €435,077 | €422,927 | -€12,150 | -2.8% |
| Remuneration, social security and pensions | 62 | €12,543 | €1,030 | -€11,513 | -91.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,510 | €29,832 | +€17,322 | +138% |
| Other operating charges | 640/8 | €16,795 | €400 | -€16,395 | -97.6% |
| Gross operating margin | 9900 | €10,557 | €20,953 | +€10,396 | +98.5% |
| Operating profit (loss) | 9901 | -€31,291 | -€10,310 | +€20,981 | +67.1% |
| Financial income | 75/76B | €327 | €1 | -€326 | -99.6% |
| Recurring financial income | 75 | €327 | €1 | -€326 | -99.6% |
| Financial charges | 65/66B | €6,847 | €5,914 | -€933 | -13.6% |
| Recurring financial charges | 65 | €6,847 | €5,914 | -€933 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | -€37,810 | -€16,222 | +€21,588 | +57.1% |
| Income taxes | 67/77 | €1 | €0 | -€0 | -26.0% |
| Profit (loss) for the period | 9904 | -€37,811 | -€16,223 | +€21,588 | +57.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,811 | -€16,223 | +€21,588 | +57.1% |
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 18 October 2026 via checked.be.