PASCAL INVEST: 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 INVEST
Largest movements
- Tangible fixed assets -€35,047
down €35,047 (-9.5%), from €368,279 to €333,232
of which Land and buildings: -€33,700
- Cash +€8,896
up €8,896 (+44.8%), from €19,852 to €28,748
mainly Depreciation (+€35,047) and Current portion of long-term debt (+€575)
- Debts after one year -€20,496
down €20,496 (-9.7%), from €211,635 to €191,139
- Profit (loss) carried forward -€6,223
down €6,223 (-23.1%), from €26,954 to €20,731
No income-statement line moved by more than 1% of the activity.
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 | €388,143 | €361,998 | -€26,145 | -6.7% |
| Fixed assets | 21/28 | €368,279 | €333,232 | -€35,047 | -9.5% |
| Tangible fixed assets | 22/27 | €368,279 | €333,232 | -€35,047 | -9.5% |
| Land and buildings | 22 | €366,632 | €332,932 | -€33,700 | -9.2% |
| Furniture and vehicles | 24 | €1,647 | €300 | -€1,347 | -81.8% |
| Current assets | 29/58 | €19,864 | €28,766 | +€8,903 | +44.8% |
| Amounts receivable within one year | 40/41 | €11 | €18 | +€7 | +59.3% |
| Other amounts receivable | 41 | €11 | €18 | +€7 | +59.3% |
| Cash at bank and in hand | 54/58 | €19,852 | €28,748 | +€8,896 | +44.8% |
| Total equity and liabilities | 10/49 | €388,143 | €361,998 | -€26,145 | -6.7% |
| Equity | 10/15 | €70,184 | €63,961 | -€6,223 | -8.9% |
| Contributions | 10/11 | €1,078 | €1,078 | = | 0.0% |
| Reserves | 13 | €42,152 | €42,152 | = | 0.0% |
| Distributable reserves | 133 | €42,152 | €42,152 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,954 | €20,731 | -€6,223 | -23.1% |
| Amounts payable | 17/49 | €317,959 | €298,037 | -€19,921 | -6.3% |
| Amounts payable after more than one year | 17 | €211,635 | €191,139 | -€20,496 | -9.7% |
| Financial debts | 170/4 | €211,635 | €191,139 | -€20,496 | -9.7% |
| Amounts payable within one year | 42/48 | €105,498 | €106,074 | +€575 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €19,921 | €20,496 | +€575 | +2.9% |
| Other amounts payable | 47/48 | €85,577 | €85,577 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €825 | €825 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,047 | €35,047 | = | 0.0% |
| Other operating charges | 640/8 | €3,087 | €3,047 | -€40 | -1.3% |
| Gross operating margin | 9900 | €39,614 | €39,919 | +€304 | +0.8% |
| Operating profit (loss) | 9901 | €1,480 | €1,825 | +€345 | +23.3% |
| Financial income | 75/76B | €38 | €61 | +€23 | +59.2% |
| Recurring financial income | 75 | €38 | €61 | +€23 | +59.2% |
| Financial charges | 65/66B | €7,725 | €8,109 | +€384 | +5.0% |
| Recurring financial charges | 65 | €7,725 | €8,109 | +€384 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,207 | -€6,223 | -€17 | -0.3% |
| Profit (loss) for the period | 9904 | -€6,207 | -€6,223 | -€17 | -0.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,207 | -€6,223 | -€17 | -0.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.