PASCAL TRANSPORT: 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 TRANSPORT
NACE 49.410, Freight transport by road
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€76,188
2024 · €173,049-€96,861
Equity
€1.0m
2024 · €928,228+€76,188
Cash
€272,971
2024 · €261,685+€11,287
Balance sheet total
€2.2m
2024 · €2.5m-€366,585
Largest movements
Assets
- Tangible fixed assets -€427,451
down €427,451 (-31.1%), from €1.4m to €948,537
of which Leasing and similar rights: -€406,135
- Deferred charges and accrued income +€50,724
up €50,724 (+282.8%), from €17,936 to €68,660
Equity and liabilities
- Debts after one year -€374,297
down €374,297 (-49.6%), from €754,604 to €380,307
- Reserves +€76,188
up €76,188 (+9.8%), from €779,388 to €855,576
of which Distributable reserves: +€76,188
- Current portion of long-term debt -€53,764
down €53,764 (-12.9%), from €417,003 to €363,239
- Other debts -€27,776
down €27,776 (-66.2%), from €41,946 to €14,170
Income statement
- Gross operating margin -€160,458
down €160,458 (-8.2%), from €2.0m to €1.8m
- Depreciation -€45,954
down €45,954 (-9.3%), from €493,950 to €447,996
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
€173,049
Gross operating margin
-€160,458
Staff costs
-€13,707
Depreciation
+€45,954
Other operating charges
-€114
Financial income
+€4,744
Financial charges
+€9,705
Taxes
+€17,016
Result 2025
€76,188
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.
From operations
+€459,893
Investment
-€20,545
Financing
-€428,061
Cash 2024
€261,685
From operations (derived)
+€459,893
Net result for the year
+€76,188
Depreciation
+€447,996
Stocks and contracts
-€3,916
Receivables within one year
+€5,060
Deferred charges and accrued income
-€50,724
Trade debts
+€1,760
Tax, wage and social debts
+€11,598
Other debts
-€27,776
Accrued charges and deferred income
-€294
Investment (derived)
-€20,545
Investment in fixed assets (net)
-€20,545
Financing
-€428,061
Debts after one year
-€374,297
Current portion of long-term debt
-€53,764
Cash 2025
€272,971
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,541,054 | €2,174,469 | -€366,585 | -14.4% |
| Fixed assets | 21/28 | €1,377,167 | €949,716 | -€427,451 | -31.0% |
| Tangible fixed assets | 22/27 | €1,375,988 | €948,537 | -€427,451 | -31.1% |
| Furniture and vehicles | 24 | €45,017 | €23,700 | -€21,317 | -47.4% |
| Leasing and similar rights | 25 | €1,330,971 | €924,837 | -€406,135 | -30.5% |
| Financial fixed assets | 28 | €1,178 | €1,178 | = | 0.0% |
| Current assets | 29/58 | €1,163,887 | €1,224,754 | +€60,866 | +5.2% |
| Stocks and contracts in progress | 3 | €36,950 | €40,865 | +€3,916 | +10.6% |
| Stocks | 30/36 | €36,950 | €40,865 | +€3,916 | +10.6% |
| Amounts receivable within one year | 40/41 | €847,316 | €842,257 | -€5,060 | -0.6% |
| Trade receivables | 40 | €755,825 | €814,280 | +€58,455 | +7.7% |
| Other amounts receivable | 41 | €91,491 | €27,977 | -€63,514 | -69.4% |
| Cash at bank and in hand | 54/58 | €261,685 | €272,971 | +€11,287 | +4.3% |
| Deferred charges and accrued income | 490/1 | €17,936 | €68,660 | +€50,724 | +282.8% |
| Total equity and liabilities | 10/49 | €2,541,054 | €2,174,469 | -€366,585 | -14.4% |
| Equity | 10/15 | €928,228 | €1,004,416 | +€76,188 | +8.2% |
| Contributions | 10/11 | €148,840 | €148,840 | = | 0.0% |
| Reserves | 13 | €779,388 | €855,576 | +€76,188 | +9.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €270,165 | €270,165 | = | 0.0% |
| Distributable reserves | 133 | €509,223 | €585,411 | +€76,188 | +15.0% |
| Amounts payable | 17/49 | €1,612,826 | €1,170,053 | -€442,773 | -27.5% |
| Amounts payable after more than one year | 17 | €754,604 | €380,307 | -€374,297 | -49.6% |
| Financial debts | 170/4 | €754,604 | €380,307 | -€374,297 | -49.6% |
| Amounts payable within one year | 42/48 | €855,345 | €787,163 | -€68,182 | -8.0% |
| Current portion of amounts payable after more than one year | 42 | €417,003 | €363,239 | -€53,764 | -12.9% |
| Financial debts | 43 | €123,947 | €123,947 | = | 0.0% |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €123,947 | €123,947 | = | 0.0% |
| Trade debts | 44 | €152,506 | €154,267 | +€1,760 | +1.2% |
| Suppliers | 440/4 | €152,506 | €154,267 | +€1,760 | +1.2% |
| Taxes, remuneration and social security | 45 | €119,942 | €131,541 | +€11,598 | +9.7% |
| Taxes | 450/3 | €28,680 | €38,609 | +€9,928 | +34.6% |
| Remuneration and social security | 454/9 | €91,262 | €92,932 | +€1,670 | +1.8% |
| Other amounts payable | 47/48 | €41,946 | €14,170 | -€27,776 | -66.2% |
| Accrued charges and deferred income | 492/3 | €2,877 | €2,583 | -€294 | -10.2% |
| Non-recurring operating income | 76A | - | €71 | +€71 | |
| Remuneration, social security and pensions | 62 | €1,198,291 | €1,211,998 | +€13,707 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €493,950 | €447,996 | -€45,954 | -9.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €7,609 | €7,723 | +€114 | +1.5% |
| Gross operating margin | 9900 | €1,964,202 | €1,803,743 | -€160,458 | -8.2% |
| Operating profit (loss) | 9901 | €264,352 | €136,027 | -€128,326 | -48.5% |
| Financial income | 75/76B | €31 | €4,774 | +€4,744 | +15451.6% |
| Recurring financial income | 75 | €31 | €4,774 | +€4,744 | +15451.6% |
| Financial charges | 65/66B | €51,972 | €42,267 | -€9,705 | -18.7% |
| Recurring financial charges | 65 | €51,972 | €42,267 | -€9,705 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | €212,411 | €98,534 | -€113,877 | -53.6% |
| Income taxes | 67/77 | €39,362 | €22,346 | -€17,016 | -43.2% |
| Profit (loss) for the period | 9904 | €173,049 | €76,188 | -€96,861 | -56.0% |
| Profit (loss) for the period to be appropriated | 9905 | €173,049 | €76,188 | -€96,861 | -56.0% |
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.