PASCAL VANDENBUSSCHE: 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 VANDENBUSSCHE
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€136,321
2024 · €410,135-€273,815
Equity
€14.0m
2024 · €13.9m+€136,321
Cash
€142,191
2024 · €17,827+€124,363
Balance sheet total
€14.9m
2024 · €14.9m+€8,900
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Financial income -€368,570
down €368,570 (-95.2%), from €386,982 to €18,412
- Taxes -€91,302
down €91,302 (-66.6%), from €137,040 to €45,738
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
€410,135
Gross operating margin
+€469
Other operating charges
+€769
Financial income
-€368,570
Financial charges
+€2,215
Taxes
+€91,302
Result 2025
€136,321
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
+€209,714
Investment
-€18,412
Financing
-€66,938
Cash 2024
€17,827
From operations (derived)
+€209,714
Net result for the year
+€136,321
Depreciation
+€42,999
Receivables within one year
+€90,750
Smaller working-capital items
+€447
Tax, wage and social debts
-€67,553
Other debts
+€6,750
Investment (derived)
-€18,412
Investment in fixed assets (net)
-€18,412
Financing
-€66,938
Debts after one year
-€66,938
Cash 2025
€142,191
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,937,271 | €14,946,171 | +€8,900 | +0.1% |
| Fixed assets | 21/28 | €14,828,242 | €14,803,655 | -€24,587 | -0.2% |
| Tangible fixed assets | 22/27 | €1,031,723 | €988,724 | -€42,999 | -4.2% |
| Land and buildings | 22 | €1,025,242 | €985,285 | -€39,957 | -3.9% |
| Furniture and vehicles | 24 | €6,481 | €3,439 | -€3,042 | -46.9% |
| Financial fixed assets | 28 | €13,796,519 | €13,814,931 | +€18,412 | +0.1% |
| Current assets | 29/58 | €109,029 | €142,516 | +€33,487 | +30.7% |
| Amounts receivable within one year | 40/41 | €90,750 | €0 | -€90,750 | -100% |
| Trade receivables | 40 | €90,750 | €0 | -€90,750 | -100% |
| Cash at bank and in hand | 54/58 | €17,827 | €142,191 | +€124,363 | +698% |
| Deferred charges and accrued income | 490/1 | €452 | €326 | -€126 | -27.9% |
| Total equity and liabilities | 10/49 | €14,937,271 | €14,946,171 | +€8,900 | +0.1% |
| Equity | 10/15 | €13,864,424 | €14,000,745 | +€136,321 | +1.0% |
| Contributions | 10/11 | €6,900,000 | €6,900,000 | = | 0.0% |
| Reserves | 13 | €6,964,424 | €7,100,745 | +€136,321 | +2.0% |
| Distributable reserves | 133 | €6,964,424 | €7,100,745 | +€136,321 | +2.0% |
| Amounts payable | 17/49 | €1,072,847 | €945,427 | -€127,421 | -11.9% |
| Amounts payable after more than one year | 17 | €920,063 | €853,125 | -€66,938 | -7.3% |
| Financial debts | 170/4 | €920,063 | €322,539 | -€597,524 | -64.9% |
| Other amounts payable | 178/9 | - | €530,586 | +€530,586 | |
| Amounts payable within one year | 42/48 | €152,784 | €92,302 | -€60,482 | -39.6% |
| Current portion of amounts payable after more than one year | 42 | €53,728 | €53,728 | = | 0.0% |
| Trade debts | 44 | €1,321 | €1,641 | +€321 | +24.3% |
| Suppliers | 440/4 | €1,321 | €1,641 | +€321 | +24.3% |
| Taxes, remuneration and social security | 45 | €97,736 | €30,183 | -€67,553 | -69.1% |
| Taxes | 450/3 | €94,672 | €30,183 | -€64,489 | -68.1% |
| Remuneration and social security | 454/9 | €3,064 | €0 | -€3,064 | -100% |
| Other amounts payable | 47/48 | - | €6,750 | +€6,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,999 | €42,999 | = | 0.0% |
| Other operating charges | 640/8 | €3,605 | €2,836 | -€769 | -21.3% |
| Gross operating margin | 9900 | €266,919 | €267,388 | +€469 | +0.2% |
| Operating profit (loss) | 9901 | €220,315 | €221,553 | +€1,238 | +0.6% |
| Financial income | 75/76B | €386,982 | €18,412 | -€368,570 | -95.2% |
| Recurring financial income | 75 | €386,982 | €18,412 | -€368,570 | -95.2% |
| Financial charges | 65/66B | €60,122 | €57,907 | -€2,215 | -3.7% |
| Recurring financial charges | 65 | €60,122 | €57,907 | -€2,215 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | €547,175 | €182,058 | -€365,117 | -66.7% |
| Income taxes | 67/77 | €137,040 | €45,738 | -€91,302 | -66.6% |
| Profit (loss) for the period | 9904 | €410,135 | €136,321 | -€273,815 | -66.8% |
| Profit (loss) for the period to be appropriated | 9905 | €410,135 | €136,321 | -€273,815 | -66.8% |
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 18 October 2026 via checked.be.