PASCAL T'JONCK: what changed
PASCAL T'JONCK
Largest movements
- Cash -€221,796
down €221,796 (-27.8%), from €796,509 to €574,713
mainly Other debts (-€403,243) and Receivables within one year (-€105,531)
- Receivables within one year +€105,531
up €105,531 (+41.8%), from €252,280 to €357,811
of which Trade receivables: +€99,944
- Stocks and contracts +€67,584
up €67,584 (+58.2%), from €116,117 to €183,701
- Tangible fixed assets -€37,646
down €37,646 (-4.9%), from €768,417 to €730,771
of which Land and buildings: -€32,095
- Other debts -€403,243
down €403,243 (-74.1%), from €544,404 to €141,160
- Reserves +€280,139
up €280,139 (+20.8%), from €1.3m to €1.6m
- Trade debts +€32,293
up €32,293 (+1,129%), from €2,861 to €35,154
- Gross operating margin +€36,537
up €36,537 (+8.4%), from €436,083 to €472,620
- Taxes +€13,253
up €13,253 (+11.7%), from €113,391 to €126,643
- Other operating charges +€11,873
up €11,873 (+63.1%), from €18,822 to €30,695
- Financial charges -€8,732
down €8,732 (-90.7%), from €9,623 to €891
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,945,213 | €1,857,835 | -€87,378 | -4.5% |
| Fixed assets | 21/28 | €768,687 | €731,041 | -€37,646 | -4.9% |
| Tangible fixed assets | 22/27 | €768,417 | €730,771 | -€37,646 | -4.9% |
| Land and buildings | 22 | €707,735 | €675,640 | -€32,095 | -4.5% |
| Plant, machinery and equipment | 23 | €10,765 | €7,971 | -€2,794 | -26.0% |
| Furniture and vehicles | 24 | €49,916 | €47,159 | -€2,758 | -5.5% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €1,176,526 | €1,126,795 | -€49,732 | -4.2% |
| Stocks and contracts in progress | 3 | €116,117 | €183,701 | +€67,584 | +58.2% |
| Stocks | 30/36 | €116,117 | €183,701 | +€67,584 | +58.2% |
| Amounts receivable within one year | 40/41 | €252,280 | €357,811 | +€105,531 | +41.8% |
| Trade receivables | 40 | €241,268 | €341,212 | +€99,944 | +41.4% |
| Other amounts receivable | 41 | €11,012 | €16,599 | +€5,587 | +50.7% |
| Cash at bank and in hand | 54/58 | €796,509 | €574,713 | -€221,796 | -27.8% |
| Deferred charges and accrued income | 490/1 | €11,620 | €10,569 | -€1,050 | -9.0% |
| Total equity and liabilities | 10/49 | €1,945,213 | €1,857,835 | -€87,378 | -4.5% |
| Equity | 10/15 | €1,373,313 | €1,653,453 | +€280,139 | +20.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €1,348,313 | €1,628,453 | +€280,139 | +20.8% |
| Distributable reserves | 133 | €1,348,313 | €1,628,453 | +€280,139 | +20.8% |
| Amounts payable | 17/49 | €571,900 | €204,383 | -€367,517 | -64.3% |
| Amounts payable within one year | 42/48 | €571,900 | €204,383 | -€367,517 | -64.3% |
| Trade debts | 44 | €2,861 | €35,154 | +€32,293 | +1,129% |
| Suppliers | 440/4 | €2,861 | €35,154 | +€32,293 | +1,129% |
| Taxes, remuneration and social security | 45 | €24,636 | €28,068 | +€3,433 | +13.9% |
| Taxes | 450/3 | €24,636 | €28,068 | +€3,433 | +13.9% |
| Other amounts payable | 47/48 | €544,404 | €141,160 | -€403,243 | -74.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,016 | €65,414 | -€3,603 | -5.2% |
| Other operating charges | 640/8 | €18,822 | €30,695 | +€11,873 | +63.1% |
| Gross operating margin | 9900 | €436,083 | €472,620 | +€36,537 | +8.4% |
| Operating profit (loss) | 9901 | €348,245 | €376,512 | +€28,266 | +8.1% |
| Financial income | 75/76B | €27,746 | €31,162 | +€3,417 | +12.3% |
| Recurring financial income | 75 | €27,746 | €31,162 | +€3,417 | +12.3% |
| Financial charges | 65/66B | €9,623 | €891 | -€8,732 | -90.7% |
| Recurring financial charges | 65 | €9,623 | €891 | -€8,732 | -90.7% |
| Profit (loss) for the period before taxes | 9903 | €366,368 | €406,783 | +€40,415 | +11.0% |
| Income taxes | 67/77 | €113,391 | €126,643 | +€13,253 | +11.7% |
| Profit (loss) for the period | 9904 | €252,977 | €280,139 | +€27,162 | +10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €252,977 | €280,139 | +€27,162 | +10.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.