PASCAL LOMBARDI: 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 LOMBARDI
Largest movements
- Tangible fixed assets +€400,416
up €400,416 (+38.3%), from €1.0m to €1.4m
of which Land and buildings: +€399,837
- Cash +€304,459
up €304,459 (+253.3%), from €120,208 to €424,667
mainly Debts after one year (+€353,267) and Net result for the year (+€329,566)
- Debts after one year +€353,267
up €353,267 (+63.5%), from €556,489 to €909,756
- Reserves +€329,566
up €329,566 (+54.3%), from €606,664 to €936,230
- Gross operating margin +€144,453
up €144,453 (+117.7%), from €122,700 to €267,153
- Financial income +€50,149
up €50,149 (+24.7%), from €202,761 to €252,911
- Taxes +€37,454
up €37,454 (+123.8%), from €30,256 to €67,710
- Depreciation +€28,285
up €28,285 (+36.0%), from €78,675 to €106,960
- Financial charges +€4,440
up €4,440 (+47.2%), from €9,409 to €13,849
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 | €1,265,128 | €1,960,621 | +€695,492 | +55.0% |
| Fixed assets | 21/28 | €1,056,111 | €1,456,526 | +€400,416 | +37.9% |
| Tangible fixed assets | 22/27 | €1,046,111 | €1,446,526 | +€400,416 | +38.3% |
| Land and buildings | 22 | €944,606 | €1,344,443 | +€399,837 | +42.3% |
| Plant, machinery and equipment | 23 | €6,736 | €7,011 | +€274 | +4.1% |
| Furniture and vehicles | 24 | €45,162 | €40,289 | -€4,874 | -10.8% |
| Other tangible fixed assets | 26 | €49,606 | €54,784 | +€5,177 | +10.4% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €209,018 | €504,094 | +€295,076 | +141.2% |
| Amounts receivable within one year | 40/41 | €86,277 | €77,475 | -€8,802 | -10.2% |
| Trade receivables | 40 | €37,461 | €25,412 | -€12,049 | -32.2% |
| Other amounts receivable | 41 | €48,816 | €52,063 | +€3,247 | +6.7% |
| Cash at bank and in hand | 54/58 | €120,208 | €424,667 | +€304,459 | +253.3% |
| Deferred charges and accrued income | 490/1 | €2,533 | €1,953 | -€580 | -22.9% |
| Total equity and liabilities | 10/49 | €1,265,128 | €1,960,621 | +€695,492 | +55.0% |
| Equity | 10/15 | €619,064 | €948,630 | +€329,566 | +53.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €606,664 | €936,230 | +€329,566 | +54.3% |
| Distributable reserves | 133 | €606,664 | €936,230 | +€329,566 | +54.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €646,065 | €1,011,991 | +€365,926 | +56.6% |
| Amounts payable after more than one year | 17 | €556,489 | €909,756 | +€353,267 | +63.5% |
| Financial debts | 170/4 | €556,489 | €909,756 | +€353,267 | +63.5% |
| Amounts payable within one year | 42/48 | €89,076 | €100,709 | +€11,633 | +13.1% |
| Current portion of amounts payable after more than one year | 42 | €31,093 | €48,950 | +€17,857 | +57.4% |
| Trade debts | 44 | €19,984 | €9,153 | -€10,830 | -54.2% |
| Suppliers | 440/4 | €19,984 | €9,153 | -€10,830 | -54.2% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €37,999 | €42,605 | +€4,607 | +12.1% |
| Taxes | 450/3 | €35,249 | €42,605 | +€7,356 | +20.9% |
| Remuneration and social security | 454/9 | €2,749 | €0 | -€2,749 | -100.0% |
| Accrued charges and deferred income | 492/3 | €500 | €1,526 | +€1,026 | +205.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,675 | €106,960 | +€28,285 | +36.0% |
| Other operating charges | 640/8 | €2,812 | €1,979 | -€834 | -29.6% |
| Gross operating margin | 9900 | €122,700 | €267,153 | +€144,453 | +117.7% |
| Operating profit (loss) | 9901 | €41,213 | €158,214 | +€117,001 | +283.9% |
| Financial income | 75/76B | €202,761 | €252,911 | +€50,149 | +24.7% |
| Recurring financial income | 75 | €202,761 | €252,911 | +€50,149 | +24.7% |
| Financial charges | 65/66B | €9,409 | €13,849 | +€4,440 | +47.2% |
| Recurring financial charges | 65 | €9,409 | €13,849 | +€4,440 | +47.2% |
| Profit (loss) for the period before taxes | 9903 | €234,565 | €397,276 | +€162,711 | +69.4% |
| Income taxes | 67/77 | €30,256 | €67,710 | +€37,454 | +123.8% |
| Profit (loss) for the period | 9904 | €204,310 | €329,566 | +€125,256 | +61.3% |
| Profit (loss) for the period to be appropriated | 9905 | €204,310 | €329,566 | +€125,256 | +61.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.