PASCALE MEN: 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 MEN
Largest movements
- Receivables within one year -€214,252
down €214,252 (-98.1%), from €218,494 to €4,243
of which Other amounts receivable: -€209,008
- Cash +€90,133
up €90,133 (+44.2%), from €203,831 to €293,964
mainly Net result for the year (+€256,126) and Receivables within one year (+€214,252)
- Stocks and contracts +€23,409
up €23,409 (+12.9%), from €181,659 to €205,068
- Tangible fixed assets +€18,168
up €18,168 (+6.0%), from €300,994 to €319,161
of which Furniture and vehicles: +€23,251
- Short-term financial debts -€108,043
down €108,043 (-44.1%), from €245,000 to €136,957
- Trade debts +€42,793
up €42,793 (+112%), from €38,203 to €80,996
- Other debts -€26,100
down €26,100 (-8.8%), from €296,024 to €269,924
- Tax, wage and social debts -€14,785
down €14,785 (-33.4%), from €44,286 to €29,501
of which Remuneration and social security: -€9,544
- Debts after one year +€13,157
up €13,157 (+28.3%), from €46,502 to €59,659
- Staff costs +€32,076
up €32,076 (+19.0%), from €169,196 to €201,273
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 | €911,116 | €829,239 | -€81,876 | -9.0% |
| Fixed assets | 21/28 | €303,520 | €320,893 | +€17,373 | +5.7% |
| Intangible fixed assets | 21 | €2,401 | €1,607 | -€795 | -33.1% |
| Tangible fixed assets | 22/27 | €300,994 | €319,161 | +€18,168 | +6.0% |
| Land and buildings | 22 | €289,373 | €283,075 | -€6,298 | -2.2% |
| Plant, machinery and equipment | 23 | €4,095 | €5,309 | +€1,214 | +29.7% |
| Furniture and vehicles | 24 | €7,526 | €30,777 | +€23,251 | +309% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €607,596 | €508,346 | -€99,249 | -16.3% |
| Stocks and contracts in progress | 3 | €181,659 | €205,068 | +€23,409 | +12.9% |
| Stocks | 30/36 | €181,659 | €205,068 | +€23,409 | +12.9% |
| Amounts receivable within one year | 40/41 | €218,494 | €4,243 | -€214,252 | -98.1% |
| Trade receivables | 40 | €9,486 | €4,243 | -€5,244 | -55.3% |
| Other amounts receivable | 41 | €209,008 | - | -€209,008 | |
| Cash at bank and in hand | 54/58 | €203,831 | €293,964 | +€90,133 | +44.2% |
| Deferred charges and accrued income | 490/1 | €3,612 | €5,073 | +€1,461 | +40.4% |
| Total equity and liabilities | 10/49 | €911,116 | €829,239 | -€81,876 | -9.0% |
| Equity | 10/15 | €222,419 | €228,544 | +€6,126 | +2.8% |
| Contributions | 10/11 | €185,000 | €185,000 | = | 0.0% |
| Capital | 10 | €185,000 | €185,000 | = | 0.0% |
| Issued capital | 100 | €185,000 | €185,000 | = | 0.0% |
| Reserves | 13 | €36,595 | €36,595 | = | 0.0% |
| Non-distributable reserves | 130/1 | €18,500 | €18,500 | = | 0.0% |
| Legal reserve | 130 | €18,500 | €18,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,095 | €18,095 | = | 0.0% |
| Profit (loss) carried forward | 14 | €823 | €6,949 | +€6,126 | +744% |
| Amounts payable | 17/49 | €688,697 | €600,695 | -€88,002 | -12.8% |
| Amounts payable after more than one year | 17 | €46,502 | €59,659 | +€13,157 | +28.3% |
| Financial debts | 170/4 | €46,502 | €59,659 | +€13,157 | +28.3% |
| Amounts payable within one year | 42/48 | €628,728 | €528,522 | -€100,206 | -15.9% |
| Current portion of amounts payable after more than one year | 42 | €5,215 | €11,145 | +€5,930 | +114% |
| Financial debts | 43 | €245,000 | €136,957 | -€108,043 | -44.1% |
| Credit institutions | 430/8 | €245,000 | €136,957 | -€108,043 | -44.1% |
| Trade debts | 44 | €38,203 | €80,996 | +€42,793 | +112% |
| Suppliers | 440/4 | €38,203 | €80,996 | +€42,793 | +112% |
| Taxes, remuneration and social security | 45 | €44,286 | €29,501 | -€14,785 | -33.4% |
| Taxes | 450/3 | €12,405 | €7,164 | -€5,242 | -42.3% |
| Remuneration and social security | 454/9 | €31,881 | €22,337 | -€9,544 | -29.9% |
| Other amounts payable | 47/48 | €296,024 | €269,924 | -€26,100 | -8.8% |
| Accrued charges and deferred income | 492/3 | €13,467 | €12,514 | -€952 | -7.1% |
| Non-recurring operating income | 76A | - | €1,000 | +€1,000 | |
| Remuneration, social security and pensions | 62 | €169,196 | €201,273 | +€32,076 | +19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,778 | €32,237 | +€2,459 | +8.3% |
| Other operating charges | 640/8 | €3,339 | €4,018 | +€679 | +20.3% |
| Gross operating margin | 9900 | €500,523 | €497,969 | -€2,553 | -0.5% |
| Operating profit (loss) | 9901 | €298,209 | €260,441 | -€37,768 | -12.7% |
| Financial income | 75/76B | €10,632 | €13,662 | +€3,030 | +28.5% |
| Recurring financial income | 75 | €10,632 | €13,662 | +€3,030 | +28.5% |
| Financial charges | 65/66B | €19,528 | €14,737 | -€4,791 | -24.5% |
| Recurring financial charges | 65 | €19,528 | €14,737 | -€4,791 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | €289,313 | €259,366 | -€29,947 | -10.4% |
| Income taxes | 67/77 | - | €3,240 | +€3,240 | |
| Profit (loss) for the period | 9904 | €289,313 | €256,126 | -€33,187 | -11.5% |
| Profit (loss) for the period to be appropriated | 9905 | €289,313 | €256,126 | -€33,187 | -11.5% |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.