PASCAL MEURISSE: 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 MEURISSE
Largest movements
- Cash +€28,559
up €28,559 (+59.8%), from €47,778 to €76,337
mainly Net result for the year (+€20,966) and Current portion of long-term debt (+€5,072)
- Tangible fixed assets -€4,232
down €4,232 (-14.7%), from €28,755 to €24,523
of which Plant, machinery and equipment: -€3,315
- Receivables within one year +€1,711
up €1,711 (+16.5%), from €10,395 to €12,106
of which Other amounts receivable: +€1,711
- Profit (loss) carried forward +€20,966
up €20,966 (+48.6%), from €43,128 to €64,094
- Current portion of long-term debt +€5,072
new in 2025: €5,072
- Taxes +€14,974
up €14,974 (+1003.9%), from €1,492 to €16,465
- Depreciation -€737
down €737 (-14.8%), from €4,969 to €4,232
- Gross operating margin +€551
up €551 (+1.3%), from €41,664 to €42,215
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 | €117,928 | €143,966 | +€26,038 | +22.1% |
| Fixed assets | 21/28 | €28,755 | €24,523 | -€4,232 | -14.7% |
| Tangible fixed assets | 22/27 | €28,755 | €24,523 | -€4,232 | -14.7% |
| Plant, machinery and equipment | 23 | €26,084 | €22,769 | -€3,315 | -12.7% |
| Furniture and vehicles | 24 | €2,672 | €1,754 | -€918 | -34.3% |
| Current assets | 29/58 | €89,173 | €119,442 | +€30,270 | +33.9% |
| Amounts receivable within one year | 40/41 | €10,395 | €12,106 | +€1,711 | +16.5% |
| Trade receivables | 40 | €1,900 | €1,900 | = | 0.0% |
| Other amounts receivable | 41 | €8,496 | €10,206 | +€1,711 | +20.1% |
| Current investments | 50/53 | €31,000 | €31,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €47,778 | €76,337 | +€28,559 | +59.8% |
| Total equity and liabilities | 10/49 | €117,928 | €143,966 | +€26,038 | +22.1% |
| Equity | 10/15 | €117,928 | €138,894 | +€20,966 | +17.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Share premium | 1100/10 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €56,200 | €56,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €31,000 | €31,000 | = | 0.0% |
| Own shares acquired | 1312 | €31,000 | €31,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €25,200 | €25,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,128 | €64,094 | +€20,966 | +48.6% |
| Amounts payable | 17/49 | - | €5,072 | +€5,072 | |
| Amounts payable within one year | 42/48 | - | €5,072 | +€5,072 | |
| Current portion of amounts payable after more than one year | 42 | - | €5,072 | +€5,072 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,969 | €4,232 | -€737 | -14.8% |
| Other operating charges | 640/8 | €641 | €461 | -€180 | -28.0% |
| Gross operating margin | 9900 | €41,664 | €42,215 | +€551 | +1.3% |
| Operating profit (loss) | 9901 | €36,053 | €37,521 | +€1,469 | +4.1% |
| Financial income | 75/76B | €153 | €185 | +€32 | +21.0% |
| Recurring financial income | 75 | €153 | €185 | +€32 | +21.0% |
| Financial charges | 65/66B | €180 | €275 | +€95 | +52.8% |
| Recurring financial charges | 65 | €180 | €275 | +€95 | +52.8% |
| Profit (loss) for the period before taxes | 9903 | €36,026 | €37,431 | +€1,405 | +3.9% |
| Income taxes | 67/77 | €1,492 | €16,465 | +€14,974 | +1003.9% |
| Profit (loss) for the period | 9904 | €34,534 | €20,966 | -€13,568 | -39.3% |
| Profit (loss) for the period to be appropriated | 9905 | €34,534 | €20,966 | -€13,568 | -39.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.