PASCAL VANLOO PROJECTS: 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 VANLOO PROJECTS
Largest movements
- Cash -€35,597
down €35,597 (-50.9%), from €69,882 to €34,285
mainly Contributions, distributions and other (-€61,000) and Other debts (-€14,764)
- Receivables within one year +€6,668
up €6,668 (+39.1%), from €17,056 to €23,724
of which Trade receivables: +€6,653
- Deferred charges and accrued income -€5,831
down €5,831 (-21.3%), from €27,362 to €21,531
- Tangible fixed assets +€1,630
up €1,630 (+87.1%), from €1,872 to €3,503
- Other debts -€14,764
down €14,764 (-20.6%), from €71,764 to €57,000
- Tax, wage and social debts -€9,378
down €9,378 (-33.5%), from €28,020 to €18,642
- Contributions -€4,000
no longer reported in 2025 (was €4,000)
- Short-term financial debts -€3,779
down €3,779 (-42.8%), from €8,827 to €5,048
- Trade debts -€1,458
down €1,458 (-41.2%), from €3,536 to €2,078
- Financial income -€13,584
down €13,584 (-99.2%), from €13,688 to €105
- Gross operating margin -€4,197
down €4,197 (-4.9%), from €85,695 to €81,498
- Taxes -€2,217
down €2,217 (-11.5%), from €19,360 to €17,143
- Depreciation -€1,764
down €1,764 (-45.5%), from €3,878 to €2,114
- Other operating charges +€939
up €939 (+25.4%), from €3,692 to €4,631
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €116,172 | €83,041 | -€33,130 | -28.5% |
| Fixed assets | 21/28 | €1,872 | €3,503 | +€1,630 | +87.1% |
| Tangible fixed assets | 22/27 | €1,872 | €3,503 | +€1,630 | +87.1% |
| Furniture and vehicles | 24 | €1,872 | €3,503 | +€1,630 | +87.1% |
| Current assets | 29/58 | €114,299 | €79,539 | -€34,761 | -30.4% |
| Amounts receivable within one year | 40/41 | €17,056 | €23,724 | +€6,668 | +39.1% |
| Trade receivables | 40 | €12,861 | €19,514 | +€6,653 | +51.7% |
| Other amounts receivable | 41 | €4,195 | €4,210 | +€15 | +0.4% |
| Cash at bank and in hand | 54/58 | €69,882 | €34,285 | -€35,597 | -50.9% |
| Deferred charges and accrued income | 490/1 | €27,362 | €21,531 | -€5,831 | -21.3% |
| Total equity and liabilities | 10/49 | €116,172 | €83,041 | -€33,130 | -28.5% |
| Equity | 10/15 | €4,025 | €273 | -€3,752 | -93.2% |
| Contributions | 10/11 | €4,000 | - | -€4,000 | |
| Profit (loss) carried forward | 14 | €25 | €273 | +€248 | +976.3% |
| Amounts payable | 17/49 | €112,146 | €82,768 | -€29,378 | -26.2% |
| Amounts payable within one year | 42/48 | €112,146 | €82,768 | -€29,378 | -26.2% |
| Financial debts | 43 | €8,827 | €5,048 | -€3,779 | -42.8% |
| Credit institutions | 430/8 | €8,827 | €5,048 | -€3,779 | -42.8% |
| Trade debts | 44 | €3,536 | €2,078 | -€1,458 | -41.2% |
| Suppliers | 440/4 | €3,536 | €2,078 | -€1,458 | -41.2% |
| Taxes, remuneration and social security | 45 | €28,020 | €18,642 | -€9,378 | -33.5% |
| Taxes | 450/3 | €28,020 | €18,642 | -€9,378 | -33.5% |
| Other amounts payable | 47/48 | €71,764 | €57,000 | -€14,764 | -20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,878 | €2,114 | -€1,764 | -45.5% |
| Other operating charges | 640/8 | €3,692 | €4,631 | +€939 | +25.4% |
| Gross operating margin | 9900 | €85,695 | €81,498 | -€4,197 | -4.9% |
| Operating profit (loss) | 9901 | €78,125 | €74,753 | -€3,372 | -4.3% |
| Financial income | 75/76B | €13,688 | €105 | -€13,584 | -99.2% |
| Recurring financial income | 75 | €13,688 | €105 | -€13,584 | -99.2% |
| Financial charges | 65/66B | €690 | €467 | -€223 | -32.3% |
| Recurring financial charges | 65 | €690 | €467 | -€223 | -32.3% |
| Profit (loss) for the period before taxes | 9903 | €91,124 | €74,391 | -€16,733 | -18.4% |
| Income taxes | 67/77 | €19,360 | €17,143 | -€2,217 | -11.5% |
| Profit (loss) for the period | 9904 | €71,764 | €57,248 | -€14,516 | -20.2% |
| Profit (loss) for the period to be appropriated | 9905 | €71,764 | €57,248 | -€14,516 | -20.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.