PASCAL NELISSEN GRADE: 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.
What changed
PASCAL NELISSEN GRADE
NACE 69.101, Activities of lawyers
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€48,413
2024 · €111,570-€63,157
Equity
€1.4m
2024 · €1.4m+€48,413
Cash
€18,149
2024 · €2,095+€16,054
Balance sheet total
€2.0m
2024 · €1.8m+€197,892
Largest movements
Assets
- Stocks and contracts +€268,390
new in 2025: €268,390
- Tangible fixed assets -€99,849
down €99,849 (-5.5%), from €1.8m to €1.7m
of which Land and buildings: -€89,717
Equity and liabilities
- Debts after one year +€231,407
up €231,407 (+179%), from €129,464 to €360,871
- Reserves +€48,413
up €48,413 (+3.6%), from €1.3m to €1.4m
- Current portion of long-term debt -€42,737
down €42,737 (-42.4%), from €100,750 to €58,013
- Tax, wage and social debts -€30,093
down €30,093 (-80.6%), from €37,353 to €7,261
of which Taxes: -€33,093
Income statement
- Gross operating margin -€94,046
down €94,046 (-34.0%), from €276,571 to €182,525
- Taxes -€26,593
down €26,593 (-55.4%), from €47,998 to €21,405
- Other operating charges -€3,891
down €3,891 (-55.0%), from €7,077 to €3,186
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.
Result 2024
€111,570
Gross operating margin
-€94,046
Depreciation
-€1,934
Other operating charges
+€3,891
Financial income
+€28
Financial charges
+€2,311
Taxes
+€26,593
Result 2025
€48,413
raises the resultlowers the result
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.
From operations
-€169,567
Investment
-€3,050
Financing
+€188,670
Cash 2024
€2,095
From operations (derived)
-€169,567
Net result for the year
+€48,413
Depreciation
+€102,898
Stocks and contracts
-€268,390
Receivables within one year
-€12,182
Deferred charges and accrued income
-€1,114
Trade debts
-€713
Tax, wage and social debts
-€30,093
Other debts
-€8,386
Investment (derived)
-€3,050
Investment in fixed assets (net)
-€3,050
Financing
+€188,670
Debts after one year
+€231,407
Current portion of long-term debt
-€42,737
Cash 2025
€18,149
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,836,953 | €2,034,845 | +€197,892 | +10.8% |
| Fixed assets | 21/28 | €1,811,384 | €1,711,535 | -€99,849 | -5.5% |
| Tangible fixed assets | 22/27 | €1,808,734 | €1,708,885 | -€99,849 | -5.5% |
| Land and buildings | 22 | €1,787,128 | €1,697,411 | -€89,717 | -5.0% |
| Plant, machinery and equipment | 23 | €5,012 | €1,902 | -€3,110 | -62.0% |
| Furniture and vehicles | 24 | €16,594 | €9,572 | -€7,022 | -42.3% |
| Financial fixed assets | 28 | €2,650 | €2,650 | = | 0.0% |
| Current assets | 29/58 | €25,570 | €323,310 | +€297,740 | +1,164% |
| Stocks and contracts in progress | 3 | - | €268,390 | +€268,390 | |
| Stocks | 30/36 | - | €268,390 | +€268,390 | |
| Amounts receivable within one year | 40/41 | €23,472 | €35,655 | +€12,182 | +51.9% |
| Trade receivables | 40 | €16,327 | €26,068 | +€9,741 | +59.7% |
| Other amounts receivable | 41 | €7,145 | €9,587 | +€2,441 | +34.2% |
| Cash at bank and in hand | 54/58 | €2,095 | €18,149 | +€16,054 | +766% |
| Deferred charges and accrued income | 490/1 | €2 | €1,116 | +€1,114 | +49,951% |
| Total equity and liabilities | 10/49 | €1,836,953 | €2,034,845 | +€197,892 | +10.8% |
| Equity | 10/15 | €1,352,903 | €1,401,316 | +€48,413 | +3.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,332,903 | €1,381,316 | +€48,413 | +3.6% |
| Distributable reserves | 133 | €1,332,903 | €1,381,316 | +€48,413 | +3.6% |
| Provisions and deferred taxes | 16 | €126,112 | €126,112 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €126,112 | €126,112 | = | 0.0% |
| Pensions and similar obligations | 160 | €126,112 | €126,112 | = | 0.0% |
| Amounts payable | 17/49 | €357,938 | €507,416 | +€149,478 | +41.8% |
| Amounts payable after more than one year | 17 | €129,464 | €360,871 | +€231,407 | +179% |
| Financial debts | 170/4 | €129,464 | €360,871 | +€231,407 | +179% |
| Amounts payable within one year | 42/48 | €228,474 | €146,545 | -€81,929 | -35.9% |
| Current portion of amounts payable after more than one year | 42 | €100,750 | €58,013 | -€42,737 | -42.4% |
| Trade debts | 44 | €1,852 | €1,139 | -€713 | -38.5% |
| Suppliers | 440/4 | €1,852 | €1,139 | -€713 | -38.5% |
| Taxes, remuneration and social security | 45 | €37,353 | €7,261 | -€30,093 | -80.6% |
| Taxes | 450/3 | €37,353 | €4,261 | -€33,093 | -88.6% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Other amounts payable | 47/48 | €88,518 | €80,132 | -€8,386 | -9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,964 | €102,898 | +€1,934 | +1.9% |
| Other operating charges | 640/8 | €7,077 | €3,186 | -€3,891 | -55.0% |
| Gross operating margin | 9900 | €276,571 | €182,525 | -€94,046 | -34.0% |
| Operating profit (loss) | 9901 | €168,529 | €76,440 | -€92,089 | -54.6% |
| Financial income | 75/76B | €8 | €35 | +€28 | +367% |
| Recurring financial income | 75 | €8 | €35 | +€28 | +367% |
| Financial charges | 65/66B | €8,969 | €6,657 | -€2,311 | -25.8% |
| Recurring financial charges | 65 | €8,969 | €6,657 | -€2,311 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | €159,568 | €69,818 | -€89,750 | -56.2% |
| Income taxes | 67/77 | €47,998 | €21,405 | -€26,593 | -55.4% |
| Profit (loss) for the period | 9904 | €111,570 | €48,413 | -€63,157 | -56.6% |
| Profit (loss) for the period to be appropriated | 9905 | €111,570 | €48,413 | -€63,157 | -56.6% |
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 20 October 2026 via checked.be.