PASCALINE: 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.
What changed
PASCALINE
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€8,286
2024 · -€70,006+€78,293
Equity
€636,906
2024 · €628,619+€8,286
Cash
€89,822
2024 · €19,984+€69,837
Balance sheet total
€3.5m
2024 · €3.2m+€295,547
Largest movements
Assets
- Tangible fixed assets +€669,011
up €669,011 (+29.7%), from €2.2m to €2.9m
of which Land and buildings: +€669,409
- Financial fixed assets -€401,263
down €401,263 (-53.8%), from €746,111 to €344,848
- Cash +€69,837
up €69,837 (+349.5%), from €19,984 to €89,822
mainly Other debts (+€275,034) and Depreciation (+€161,909)
Equity and liabilities
- Other debts +€275,034
up €275,034 (+31.4%), from €876,591 to €1.2m
Income statement
- Write-downs -€92,765
down €92,765 (-100.0%), from €92,765 to €0
- Gross operating margin -€38,474
down €38,474 (-16.6%), from €231,095 to €192,622
- Depreciation -€37,241
down €37,241 (-18.7%), from €199,150 to €161,909
- Financial charges +€10,494
up €10,494 (+25056.6%), from €42 to €10,536
- Financial income -€3,391
down €3,391 (-60.5%), from €5,603 to €2,212
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.
Result 2024
-€70,006
Gross operating margin
-€38,474
Depreciation
+€37,241
Write-downs
+€92,765
Other operating charges
+€667
Financial income
-€3,391
Financial charges
-€10,494
Taxes
-€22
Result 2025
€8,286
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.
From operations
+€499,413
Investment
-€429,576
Financing
€0
Cash 2024
€19,984
From operations (derived)
+€499,413
Net result for the year
+€8,286
Depreciation
+€161,909
Stocks and contracts
+€34,000
Receivables within one year
+€2,240
Deferred charges and accrued income
+€5,717
Trade debts
+€13,051
Tax, wage and social debts
-€8,920
Other debts
+€275,034
Accrued charges and deferred income
+€8,096
Investment (derived)
-€429,576
Investment in fixed assets (net)
-€429,576
Cash 2025
€89,822
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,182,941 | €3,478,488 | +€295,547 | +9.3% |
| Fixed assets | 21/28 | €2,996,361 | €3,264,029 | +€267,667 | +8.9% |
| Intangible fixed assets | 21 | €1,301 | €1,220 | -€81 | -6.3% |
| Tangible fixed assets | 22/27 | €2,248,949 | €2,917,961 | +€669,011 | +29.7% |
| Land and buildings | 22 | €2,248,134 | €2,917,543 | +€669,409 | +29.8% |
| Plant, machinery and equipment | 23 | €7 | €0 | -€7 | -100.0% |
| Furniture and vehicles | 24 | €808 | €418 | -€391 | -48.4% |
| Financial fixed assets | 28 | €746,111 | €344,848 | -€401,263 | -53.8% |
| Current assets | 29/58 | €186,580 | €214,460 | +€27,880 | +14.9% |
| Stocks and contracts in progress | 3 | €34,000 | €0 | -€34,000 | -100.0% |
| Stocks | 30/36 | €34,000 | €0 | -€34,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €123,047 | €120,806 | -€2,240 | -1.8% |
| Trade receivables | 40 | €39,661 | €86,139 | +€46,479 | +117.2% |
| Other amounts receivable | 41 | €83,386 | €34,667 | -€48,719 | -58.4% |
| Cash at bank and in hand | 54/58 | €19,984 | €89,822 | +€69,837 | +349.5% |
| Deferred charges and accrued income | 490/1 | €9,548 | €3,832 | -€5,717 | -59.9% |
| Total equity and liabilities | 10/49 | €3,182,941 | €3,478,488 | +€295,547 | +9.3% |
| Equity | 10/15 | €628,619 | €636,906 | +€8,286 | +1.3% |
| Contributions | 10/11 | €1,305,101 | €1,305,101 | = | 0.0% |
| Capital | 10 | €1,305,101 | €1,305,101 | = | 0.0% |
| Issued capital | 100 | €1,555,101 | €1,555,101 | = | 0.0% |
| Uncalled capital | 101 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €1,075 | €1,075 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,075 | €1,075 | = | 0.0% |
| Legal reserve | 130 | €1,075 | €1,075 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€677,556 | -€669,270 | +€8,286 | +1.2% |
| Provisions and deferred taxes | 16 | €50,262 | €50,262 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €50,262 | €50,262 | = | 0.0% |
| Pensions and similar obligations | 160 | €50,262 | €50,262 | = | 0.0% |
| Amounts payable | 17/49 | €2,504,060 | €2,791,321 | +€287,261 | +11.5% |
| Amounts payable after more than one year | 17 | €1,600,000 | €1,600,000 | = | 0.0% |
| Financial debts | 170/4 | €1,600,000 | €1,600,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €901,720 | €1,180,885 | +€279,165 | +31.0% |
| Trade debts | 44 | €9,556 | €22,607 | +€13,051 | +136.6% |
| Suppliers | 440/4 | €9,556 | €22,607 | +€13,051 | +136.6% |
| Taxes, remuneration and social security | 45 | €15,573 | €6,653 | -€8,920 | -57.3% |
| Taxes | 450/3 | €15,573 | €6,653 | -€8,920 | -57.3% |
| Other amounts payable | 47/48 | €876,591 | €1,151,625 | +€275,034 | +31.4% |
| Accrued charges and deferred income | 492/3 | €2,340 | €10,436 | +€8,096 | +346.0% |
| Non-recurring operating income | 76A | - | €96,000 | +€96,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €199,150 | €161,909 | -€37,241 | -18.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €92,765 | €0 | -€92,765 | -100.0% |
| Other operating charges | 640/8 | €14,555 | €13,888 | -€667 | -4.6% |
| Gross operating margin | 9900 | €231,095 | €192,622 | -€38,474 | -16.6% |
| Operating profit (loss) | 9901 | -€75,374 | €16,825 | +€92,199 | |
| Financial income | 75/76B | €5,603 | €2,212 | -€3,391 | -60.5% |
| Recurring financial income | 75 | €5,603 | €2,212 | -€3,391 | -60.5% |
| Financial charges | 65/66B | €42 | €10,536 | +€10,494 | +25056.6% |
| Recurring financial charges | 65 | €42 | €10,536 | +€10,494 | +25056.6% |
| Profit (loss) for the period before taxes | 9903 | -€69,813 | €8,501 | +€78,314 | |
| Income taxes | 67/77 | €193 | €215 | +€22 | +11.4% |
| Profit (loss) for the period | 9904 | -€70,006 | €8,286 | +€78,293 | |
| Profit (loss) for the period to be appropriated | 9905 | -€70,006 | €8,286 | +€78,293 |
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 5 October 2026 via checked.be.