PASCAL NUYTTENS: 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 NUYTTENS
Largest movements
- Cash -€65,858
down €65,858 (-63.2%), from €104,183 to €38,324
mainly Debts after one year (-€73,416) and Investment in fixed assets (net) (-€54,450)
- Receivables within one year +€13,889
up €13,889 (+634.1%), from €2,190 to €16,079
of which Trade receivables: +€15,018
- Debts after one year -€73,416
down €73,416 (-15.8%), from €465,749 to €392,333
of which Other amounts payable: -€57,837
- Profit (loss) carried forward -€24,486
new in 2024: -€24,486
- Trade debts +€21,857
up €21,857 (+670.1%), from €3,262 to €25,119
- Tax, wage and social debts +€21,259
up €21,259 (+48.8%), from €43,566 to €64,825
of which Taxes: +€21,417
- Depreciation +€52,712
up €52,712 (+3103.9%), from €1,698 to €54,411
- Taxes -€14,636
down €14,636 (-95.2%), from €15,371 to €735
- Gross operating margin -€12,610
down €12,610 (-19.9%), from €63,339 to €50,729
- Financial charges +€1,169
up €1,169 (+7.0%), from €16,642 to €17,812
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €615,359 | €563,429 | -€51,930 | -8.4% |
| Fixed assets | 21/28 | €508,496 | €508,536 | +€39 | 0.0% |
| Tangible fixed assets | 22/27 | €508,496 | €508,536 | +€39 | 0.0% |
| Land and buildings | 22 | €504,354 | €451,729 | -€52,625 | -10.4% |
| Furniture and vehicles | 24 | €4,142 | €2,357 | -€1,785 | -43.1% |
| Assets under construction and advance payments | 27 | - | €54,450 | +€54,450 | |
| Current assets | 29/58 | €106,863 | €54,893 | -€51,970 | -48.6% |
| Amounts receivable within one year | 40/41 | €2,190 | €16,079 | +€13,889 | +634.1% |
| Trade receivables | 40 | €22 | €15,041 | +€15,018 | +67165.3% |
| Other amounts receivable | 41 | €2,168 | €1,038 | -€1,130 | -52.1% |
| Current investments | 50/53 | €490 | €490 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €104,183 | €38,324 | -€65,858 | -63.2% |
| Total equity and liabilities | 10/49 | €615,359 | €563,429 | -€51,930 | -8.4% |
| Equity | 10/15 | €84,463 | €59,977 | -€24,486 | -29.0% |
| Contributions | 10/11 | €11,800 | €11,800 | = | 0.0% |
| Reserves | 13 | €72,663 | €72,663 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €70,808 | €70,808 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€24,486 | -€24,486 | |
| Amounts payable | 17/49 | €530,896 | €503,452 | -€27,444 | -5.2% |
| Amounts payable after more than one year | 17 | €465,749 | €392,333 | -€73,416 | -15.8% |
| Financial debts | 170/4 | €291,855 | €276,277 | -€15,578 | -5.3% |
| Other amounts payable | 178/9 | €173,894 | €116,057 | -€57,837 | -33.3% |
| Amounts payable within one year | 42/48 | €62,103 | €105,522 | +€43,420 | +69.9% |
| Current portion of amounts payable after more than one year | 42 | €15,274 | €15,578 | +€304 | +2.0% |
| Trade debts | 44 | €3,262 | €25,119 | +€21,857 | +670.1% |
| Suppliers | 440/4 | €3,262 | €25,119 | +€21,857 | +670.1% |
| Taxes, remuneration and social security | 45 | €43,566 | €64,825 | +€21,259 | +48.8% |
| Taxes | 450/3 | €43,408 | €64,825 | +€21,417 | +49.3% |
| Remuneration and social security | 454/9 | €158 | €0 | -€158 | -100.0% |
| Accrued charges and deferred income | 492/3 | €3,045 | €5,597 | +€2,552 | +83.8% |
| Remuneration, social security and pensions | 62 | €0 | €198 | +€198 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,698 | €54,411 | +€52,712 | +3103.9% |
| Other operating charges | 640/8 | €2,314 | €2,060 | -€254 | -11.0% |
| Gross operating margin | 9900 | €63,339 | €50,729 | -€12,610 | -19.9% |
| Operating profit (loss) | 9901 | €59,327 | -€5,940 | -€65,266 | |
| Financial income | 75/76B | €250 | €0 | -€250 | -100.0% |
| Recurring financial income | 75 | €250 | €0 | -€250 | -100.0% |
| Financial charges | 65/66B | €16,642 | €17,812 | +€1,169 | +7.0% |
| Recurring financial charges | 65 | €16,642 | €17,812 | +€1,169 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | €42,935 | -€23,751 | -€66,686 | |
| Income taxes | 67/77 | €15,371 | €735 | -€14,636 | -95.2% |
| Profit (loss) for the period | 9904 | €27,563 | -€24,486 | -€52,050 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,563 | -€24,486 | -€52,050 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.