PASCALE DE PAU: 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.
PASCALE DE PAU
Largest movements
- Tangible fixed assets +€61,675
up €61,675 (+143%), from €43,111 to €104,786
of which Furniture and vehicles: +€56,379
- Current investments -€21,612
down €21,612 (-100%), from €21,612 to €0
- Cash +€20,437
up €20,437 (+18.8%), from €108,894 to €129,331
mainly Debts after one year (+€28,621) and Current portion of long-term debt (+€22,124)
- Debts after one year +€28,621
new in 2025: €28,621
- Current portion of long-term debt +€22,124
new in 2025: €22,124
- Tax, wage and social debts -€9,526
down €9,526 (-95.4%), from €9,982 to €456
- Other debts +€9,340
up €9,340 (+9.8%), from €94,968 to €104,307
- Profit (loss) carried forward +€9,313
up €9,313 (+18.3%), from €50,786 to €60,099
- Depreciation +€10,434
up €10,434 (+167%), from €6,251 to €16,685
- Gross operating margin +€2,802
up €2,802 (+7.8%), from €35,953 to €38,756
- Taxes +€2,787
up €2,787 (+190%), from €1,467 to €4,254
- Financial charges +€987
up €987 (+16.7%), from €5,917 to €6,904
- Financial income +€854
up €854 (+1,521%), from €56 to €911
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €180,549 | €243,029 | +€62,480 | +34.6% |
| Fixed assets | 21/28 | €43,111 | €104,786 | +€61,675 | +143% |
| Tangible fixed assets | 22/27 | €43,111 | €104,786 | +€61,675 | +143% |
| Land and buildings | 22 | €32,364 | €38,198 | +€5,834 | +18.0% |
| Plant, machinery and equipment | 23 | €10,747 | €10,208 | -€539 | -5.0% |
| Furniture and vehicles | 24 | €0 | €56,379 | +€56,379 | |
| Current assets | 29/58 | €137,438 | €138,243 | +€806 | +0.6% |
| Amounts receivable within one year | 40/41 | €6,932 | €8,912 | +€1,980 | +28.6% |
| Trade receivables | 40 | €2,399 | €3,172 | +€773 | +32.2% |
| Other amounts receivable | 41 | €4,533 | €5,740 | +€1,207 | +26.6% |
| Current investments | 50/53 | €21,612 | €0 | -€21,612 | -100% |
| Cash at bank and in hand | 54/58 | €108,894 | €129,331 | +€20,437 | +18.8% |
| Total equity and liabilities | 10/49 | €180,549 | €243,029 | +€62,480 | +34.6% |
| Equity | 10/15 | €73,442 | €82,755 | +€9,313 | +12.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €4,064 | €4,064 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €2,204 | €2,204 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,786 | €60,099 | +€9,313 | +18.3% |
| Amounts payable | 17/49 | €107,107 | €160,275 | +€53,167 | +49.6% |
| Amounts payable after more than one year | 17 | - | €28,621 | +€28,621 | |
| Financial debts | 170/4 | - | €28,621 | +€28,621 | |
| Amounts payable within one year | 42/48 | €107,107 | €131,653 | +€24,546 | +22.9% |
| Current portion of amounts payable after more than one year | 42 | - | €22,124 | +€22,124 | |
| Financial debts | 43 | - | €401 | +€401 | |
| Credit institutions | 430/8 | - | €401 | +€401 | |
| Trade debts | 44 | €2,157 | €4,365 | +€2,207 | +102% |
| Suppliers | 440/4 | €2,157 | €4,365 | +€2,207 | +102% |
| Taxes, remuneration and social security | 45 | €9,982 | €456 | -€9,526 | -95.4% |
| Taxes | 450/3 | €9,982 | €456 | -€9,526 | -95.4% |
| Other amounts payable | 47/48 | €94,968 | €104,307 | +€9,340 | +9.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,251 | €16,685 | +€10,434 | +167% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,675 | €2,510 | +€835 | +49.9% |
| Non-recurring operating charges | 66A | €16,343 | €0 | -€16,343 | -100% |
| Gross operating margin | 9900 | €35,953 | €38,756 | +€2,802 | +7.8% |
| Operating profit (loss) | 9901 | €11,684 | €19,560 | +€7,876 | +67.4% |
| Financial income | 75/76B | €56 | €911 | +€854 | +1,521% |
| Recurring financial income | 75 | €56 | €911 | +€854 | +1,521% |
| Financial charges | 65/66B | €5,917 | €6,904 | +€987 | +16.7% |
| Recurring financial charges | 65 | €5,917 | €6,904 | +€987 | +16.7% |
| Profit (loss) for the period before taxes | 9903 | €5,824 | €13,567 | +€7,743 | +133% |
| Income taxes | 67/77 | €1,467 | €4,254 | +€2,787 | +190% |
| Profit (loss) for the period | 9904 | €4,357 | €9,313 | +€4,956 | +114% |
| Profit (loss) for the period to be appropriated | 9905 | €4,357 | €9,313 | +€4,956 | +114% |
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 28 October 2026 via checked.be.