Pascal Verloove: 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 Verloove
Largest movements
- Cash -€28,867
down €28,867 (-33.5%), from €86,259 to €57,392
mainly Other debts (-€90,809) and Investment in fixed assets (net) (-€29,568)
- Tangible fixed assets +€20,201
up €20,201 (+258.4%), from €7,818 to €28,019
of which Furniture and vehicles: +€20,747
- Receivables within one year -€5,681
down €5,681 (-70.0%), from €8,121 to €2,440
of which Trade receivables: -€7,684
- Intangible fixed assets -€1,834
down €1,834 (-71.4%), from €2,567 to €733
- Other debts -€90,809
down €90,809 (-75.1%), from €120,859 to €30,050
- Profit (loss) carried forward +€82,543
up €82,543 (+63.8%), from -€129,278 to -€46,734
- Tax, wage and social debts -€6,181
down €6,181 (-100.0%), from €6,181 to €0
of which Taxes: -€6,181
- Trade debts -€1,754
down €1,754 (-86.9%), from €2,018 to €265
- Gross operating margin -€27,005
down €27,005 (-18.9%), from €143,033 to €116,028
- Taxes +€21,855
up €21,855 (+353.6%), from €6,181 to €28,037
- Staff costs -€15,479
down €15,479 (-99.0%), from €15,633 to €154
- Financial income +€8,441
up €8,441 (+2910531.0%), from €0 to €8,441
of which Non-recurring financial income: +€8,436
- Depreciation -€2,562
down €2,562 (-18.6%), from €13,763 to €11,201
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 | €108,305 | €92,104 | -€16,200 | -15.0% |
| Fixed assets | 21/28 | €10,635 | €29,002 | +€18,367 | +172.7% |
| Intangible fixed assets | 21 | €2,567 | €733 | -€1,834 | -71.4% |
| Tangible fixed assets | 22/27 | €7,818 | €28,019 | +€20,201 | +258.4% |
| Land and buildings | 22 | €746 | €622 | -€124 | -16.7% |
| Plant, machinery and equipment | 23 | €422 | €0 | -€422 | -100.0% |
| Furniture and vehicles | 24 | €6,650 | €27,397 | +€20,747 | +312.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €97,670 | €63,102 | -€34,568 | -35.4% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €8,121 | €2,440 | -€5,681 | -70.0% |
| Trade receivables | 40 | €7,720 | €36 | -€7,684 | -99.5% |
| Other amounts receivable | 41 | €401 | €2,404 | +€2,003 | +499.8% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €86,259 | €57,392 | -€28,867 | -33.5% |
| Deferred charges and accrued income | 490/1 | €3,290 | €3,270 | -€20 | -0.6% |
| Total equity and liabilities | 10/49 | €108,305 | €92,104 | -€16,200 | -15.0% |
| Equity | 10/15 | -€20,754 | €61,789 | +€82,543 | |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €96,024 | €96,024 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €94,164 | €96,024 | +€1,860 | +2.0% |
| Profit (loss) carried forward | 14 | -€129,278 | -€46,734 | +€82,543 | +63.8% |
| Amounts payable | 17/49 | €129,058 | €30,315 | -€98,743 | -76.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €129,058 | €30,315 | -€98,743 | -76.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €2,018 | €265 | -€1,754 | -86.9% |
| Suppliers | 440/4 | €2,018 | €265 | -€1,754 | -86.9% |
| Taxes, remuneration and social security | 45 | €6,181 | €0 | -€6,181 | -100.0% |
| Taxes | 450/3 | €6,181 | €0 | -€6,181 | -100.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €120,859 | €30,050 | -€90,809 | -75.1% |
| Remuneration, social security and pensions | 62 | €15,633 | €154 | -€15,479 | -99.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,763 | €11,201 | -€2,562 | -18.6% |
| Other operating charges | 640/8 | €1,539 | €2,028 | +€489 | +31.8% |
| Gross operating margin | 9900 | €143,033 | €116,028 | -€27,005 | -18.9% |
| Operating profit (loss) | 9901 | €112,097 | €102,645 | -€9,453 | -8.4% |
| Financial income | 75/76B | €0 | €8,441 | +€8,441 | +2910531.0% |
| Recurring financial income | 75 | €0 | €5 | +€4 | +1486.2% |
| Non-recurring financial income | 76B | €0 | €8,436 | +€8,436 | |
| Financial charges | 65/66B | €493 | €506 | +€13 | +2.5% |
| Recurring financial charges | 65 | €493 | €506 | +€13 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €111,605 | €110,580 | -€1,025 | -0.9% |
| Income taxes | 67/77 | €6,181 | €28,037 | +€21,855 | +353.6% |
| Profit (loss) for the period | 9904 | €105,424 | €82,543 | -€22,880 | -21.7% |
| Profit (loss) for the period to be appropriated | 9905 | €105,424 | €82,543 | -€22,880 | -21.7% |
Source: filed annual accounts (NBB), fiscal 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.