PASCALEC: 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.
PASCALEC
Largest movements
- Cash -€19,769
down €19,769 (-37.2%), from €53,189 to €33,421
mainly Contributions, distributions and other (-€21,513) and Other debts (-€10,244)
- Receivables within one year -€11,392
down €11,392 (-48.0%), from €23,750 to €12,359
of which Other amounts receivable: -€5,939
- Tangible fixed assets -€3,119
down €3,119 (-48.3%), from €6,458 to €3,338
of which Furniture and vehicles: -€1,833
- Reserves -€16,206
down €16,206 (-100.0%), from €16,206 to €0
- Other debts -€10,244
down €10,244 (-32.3%), from €31,756 to €21,513
- Short-term financial debts -€6,000
down €6,000 (-100.0%), from €6,000 to €0
- Trade debts -€1,713
down €1,713 (-9.9%), from €17,380 to €15,667
- Tax, wage and social debts -€1,493
down €1,493 (-43.2%), from €3,460 to €1,966
of which Remuneration and social security: -€1,493
- Gross operating margin -€51,632
down €51,632 (-54.6%), from €94,569 to €42,937
- Staff costs -€25,347
down €25,347 (-46.3%), from €54,801 to €29,455
- Taxes -€5,211
down €5,211 (-69.0%), from €7,547 to €2,336
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 | €93,401 | €57,746 | -€35,655 | -38.2% |
| Fixed assets | 21/28 | €6,458 | €3,338 | -€3,119 | -48.3% |
| Tangible fixed assets | 22/27 | €6,458 | €3,338 | -€3,119 | -48.3% |
| Plant, machinery and equipment | 23 | €1,804 | €518 | -€1,286 | -71.3% |
| Furniture and vehicles | 24 | €4,653 | €2,820 | -€1,833 | -39.4% |
| Current assets | 29/58 | €86,944 | €54,408 | -€32,536 | -37.4% |
| Stocks and contracts in progress | 3 | €3,588 | €2,887 | -€701 | -19.5% |
| Stocks | 30/36 | €3,588 | €2,887 | -€701 | -19.5% |
| Amounts receivable within one year | 40/41 | €23,750 | €12,359 | -€11,392 | -48.0% |
| Trade receivables | 40 | €10,525 | €5,073 | -€5,452 | -51.8% |
| Other amounts receivable | 41 | €13,225 | €7,286 | -€5,939 | -44.9% |
| Cash at bank and in hand | 54/58 | €53,189 | €33,421 | -€19,769 | -37.2% |
| Deferred charges and accrued income | 490/1 | €6,416 | €5,741 | -€675 | -10.5% |
| Total equity and liabilities | 10/49 | €93,401 | €57,746 | -€35,655 | -38.2% |
| Equity | 10/15 | €34,806 | €18,600 | -€16,206 | -46.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €16,206 | €0 | -€16,206 | -100.0% |
| Distributable reserves | 133 | €16,206 | €0 | -€16,206 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €58,596 | €39,146 | -€19,450 | -33.2% |
| Amounts payable within one year | 42/48 | €58,596 | €39,146 | -€19,450 | -33.2% |
| Financial debts | 43 | €6,000 | €0 | -€6,000 | -100.0% |
| Credit institutions | 430/8 | €6,000 | €0 | -€6,000 | -100.0% |
| Trade debts | 44 | €17,380 | €15,667 | -€1,713 | -9.9% |
| Suppliers | 440/4 | €17,380 | €15,667 | -€1,713 | -9.9% |
| Taxes, remuneration and social security | 45 | €3,460 | €1,966 | -€1,493 | -43.2% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €3,460 | €1,966 | -€1,493 | -43.2% |
| Other amounts payable | 47/48 | €31,756 | €21,513 | -€10,244 | -32.3% |
| Remuneration, social security and pensions | 62 | €54,801 | €29,455 | -€25,347 | -46.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,341 | €3,119 | +€778 | +33.2% |
| Other operating charges | 640/8 | €1,394 | €1,572 | +€178 | +12.8% |
| Gross operating margin | 9900 | €94,569 | €42,937 | -€51,632 | -54.6% |
| Operating profit (loss) | 9901 | €36,033 | €8,791 | -€27,242 | -75.6% |
| Financial income | 75/76B | €15 | €717 | +€702 | +4582.4% |
| Recurring financial income | 75 | €15 | €217 | +€202 | +1318.7% |
| Non-recurring financial income | 76B | €0 | €500 | +€500 | |
| Financial charges | 65/66B | €1,750 | €1,865 | +€115 | +6.6% |
| Recurring financial charges | 65 | €1,750 | €1,865 | +€115 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | €34,298 | €7,643 | -€26,654 | -77.7% |
| Income taxes | 67/77 | €7,547 | €2,336 | -€5,211 | -69.0% |
| Profit (loss) for the period | 9904 | €26,751 | €5,307 | -€21,444 | -80.2% |
| Profit (loss) for the period to be appropriated | 9905 | €26,751 | €5,307 | -€21,444 | -80.2% |
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 3 October 2026 via checked.be.