PASCAL ORNELIS: 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 ORNELIS
Largest movements
- Tangible fixed assets -€8,176
down €8,176 (-36.5%), from €22,414 to €14,238
of which Furniture and vehicles: -€6,839
- Cash -€5,100
down €5,100 (-6.5%), from €78,048 to €72,948
mainly Contributions, distributions and other (-€61,517) and Debts after one year (-€6,946)
- Reserves -€23,327
down €23,327 (-21.6%), from €107,885 to €84,558
of which Distributable reserves: -€23,327
- Other debts +€17,369
up €17,369, from €0 to €17,369
- Debts after one year -€6,946
down €6,946 (-62.9%), from €11,047 to €4,101
- Tax, wage and social debts +€2,213
up €2,213 (+46.5%), from €4,764 to €6,977
- Gross operating margin +€12,033
up €12,033 (+21.4%), from €56,140 to €68,173
- Taxes +€5,584
up €5,584 (+36.1%), from €15,452 to €21,037
- Financial income +€1,383
up €1,383 (+1,511%), from €92 to €1,475
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €144,866 | €132,846 | -€12,020 | -8.3% |
| Fixed assets | 21/28 | €24,914 | €16,738 | -€8,176 | -32.8% |
| Tangible fixed assets | 22/27 | €22,414 | €14,238 | -€8,176 | -36.5% |
| Land and buildings | 22 | €1,212 | €729 | -€484 | -39.9% |
| Plant, machinery and equipment | 23 | €2,124 | €1,271 | -€854 | -40.2% |
| Furniture and vehicles | 24 | €19,077 | €12,238 | -€6,839 | -35.8% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €119,952 | €116,109 | -€3,843 | -3.2% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €40,939 | €42,076 | +€1,137 | +2.8% |
| Trade receivables | 40 | €10,427 | €9,042 | -€1,386 | -13.3% |
| Other amounts receivable | 41 | €30,512 | €33,034 | +€2,523 | +8.3% |
| Cash at bank and in hand | 54/58 | €78,048 | €72,948 | -€5,100 | -6.5% |
| Deferred charges and accrued income | 490/1 | €965 | €1,085 | +€120 | +12.4% |
| Total equity and liabilities | 10/49 | €144,866 | €132,846 | -€12,020 | -8.3% |
| Equity | 10/15 | €120,285 | €96,958 | -€23,327 | -19.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €107,885 | €84,558 | -€23,327 | -21.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €107,885 | €84,558 | -€23,327 | -21.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €24,581 | €35,889 | +€11,308 | +46.0% |
| Amounts payable after more than one year | 17 | €11,047 | €4,101 | -€6,946 | -62.9% |
| Financial debts | 170/4 | €11,047 | €4,101 | -€6,946 | -62.9% |
| Amounts payable within one year | 42/48 | €13,534 | €31,788 | +€18,254 | +135% |
| Current portion of amounts payable after more than one year | 42 | €6,841 | €6,946 | +€105 | +1.5% |
| Trade debts | 44 | €1,929 | €496 | -€1,434 | -74.3% |
| Suppliers | 440/4 | €1,929 | €496 | -€1,434 | -74.3% |
| Taxes, remuneration and social security | 45 | €4,764 | €6,977 | +€2,213 | +46.5% |
| Taxes | 450/3 | €4,764 | €6,977 | +€2,213 | +46.5% |
| Other amounts payable | 47/48 | €0 | €17,369 | +€17,369 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,909 | €9,376 | +€467 | +5.2% |
| Other operating charges | 640/8 | €717 | €673 | -€44 | -6.2% |
| Gross operating margin | 9900 | €56,140 | €68,173 | +€12,033 | +21.4% |
| Operating profit (loss) | 9901 | €46,514 | €58,124 | +€11,610 | +25.0% |
| Financial income | 75/76B | €92 | €1,475 | +€1,383 | +1,511% |
| Recurring financial income | 75 | €92 | €1,475 | +€1,383 | +1,511% |
| Financial charges | 65/66B | €490 | €373 | -€117 | -23.9% |
| Recurring financial charges | 65 | €490 | €373 | -€117 | -23.9% |
| Profit (loss) for the period before taxes | 9903 | €46,115 | €59,226 | +€13,111 | +28.4% |
| Income taxes | 67/77 | €15,452 | €21,037 | +€5,584 | +36.1% |
| Profit (loss) for the period | 9904 | €30,663 | €38,190 | +€7,527 | +24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €30,663 | €38,190 | +€7,527 | +24.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.