PASCALTRANS: 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.
PASCALTRANS
Largest movements
- Receivables within one year +€30,444
up €30,444 (+18.8%), from €162,008 to €192,452
of which Trade receivables: +€27,237
- Tangible fixed assets +€9,662
up €9,662 (+9.7%), from €99,236 to €108,898
of which Land and buildings: +€84,399
- Revaluation surpluses +€77,250
up €77,250 (+294.3%), from €26,250 to €103,500
- Current portion of long-term debt -€47,467
no longer reported in 2025 (was €47,467)
- Debts after one year -€27,056
down €27,056 (-71.1%), from €38,056 to €11,000
of which Financial debts: -€25,806
- Contributions +€15,626
up €15,626 (+13.2%), from €118,592 to €134,218
- Profit (loss) carried forward +€14,873
up €14,873 (+59.6%), from €24,950 to €39,823
- Gross operating margin -€21,476
down €21,476 (-31.7%), from €67,756 to €46,280
- Staff costs -€17,289
no longer reported in 2025 (was €17,289)
- Other operating charges -€4,000
down €4,000 (-41.0%), from €9,748 to €5,749
- Financial income +€2,767
up €2,767 (+276730.0%), from €1 to €2,768
- Financial charges -€801
down €801 (-26.2%), from €3,053 to €2,253
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 | €285,521 | €319,957 | +€34,436 | +12.1% |
| Fixed assets | 21/28 | €114,927 | €123,089 | +€8,162 | +7.1% |
| Tangible fixed assets | 22/27 | €99,236 | €108,898 | +€9,662 | +9.7% |
| Land and buildings | 22 | €20,588 | €104,987 | +€84,399 | +409.9% |
| Plant, machinery and equipment | 23 | - | €3,378 | +€3,378 | |
| Leasing and similar rights | 25 | €78,648 | - | -€78,648 | |
| Other tangible fixed assets | 26 | - | €534 | +€534 | |
| Financial fixed assets | 28 | €15,691 | €14,191 | -€1,500 | -9.6% |
| Current assets | 29/58 | €170,594 | €196,868 | +€26,274 | +15.4% |
| Amounts receivable within one year | 40/41 | €162,008 | €192,452 | +€30,444 | +18.8% |
| Trade receivables | 40 | €162,008 | €189,245 | +€27,237 | +16.8% |
| Other amounts receivable | 41 | - | €3,207 | +€3,207 | |
| Cash at bank and in hand | 54/58 | €5,448 | €2,768 | -€2,680 | -49.2% |
| Deferred charges and accrued income | 490/1 | €3,138 | €1,648 | -€1,491 | -47.5% |
| Total equity and liabilities | 10/49 | €285,521 | €319,957 | +€34,436 | +12.1% |
| Equity | 10/15 | €181,651 | €302,130 | +€120,479 | +66.3% |
| Contributions | 10/11 | €118,592 | €134,218 | +€15,626 | +13.2% |
| Revaluation surpluses | 12 | €26,250 | €103,500 | +€77,250 | +294.3% |
| Reserves | 13 | €11,859 | €12,549 | +€690 | +5.8% |
| Distributable reserves | 133 | €11,859 | €12,549 | +€690 | +5.8% |
| Profit (loss) carried forward | 14 | €24,950 | €39,823 | +€14,873 | +59.6% |
| Investment grants | 15 | - | €12,040 | +€12,040 | |
| Amounts payable | 17/49 | €103,870 | €17,828 | -€86,043 | -82.8% |
| Amounts payable after more than one year | 17 | €38,056 | €11,000 | -€27,056 | -71.1% |
| Financial debts | 170/4 | €25,806 | - | -€25,806 | |
| Other amounts payable | 178/9 | €12,250 | €11,000 | -€1,250 | -10.2% |
| Amounts payable within one year | 42/48 | €65,814 | €6,828 | -€58,987 | -89.6% |
| Current portion of amounts payable after more than one year | 42 | €47,467 | - | -€47,467 | |
| Trade debts | 44 | €8,315 | €371 | -€7,943 | -95.5% |
| Suppliers | 440/4 | €8,315 | €371 | -€7,943 | -95.5% |
| Taxes, remuneration and social security | 45 | €10,033 | €6,456 | -€3,576 | -35.6% |
| Taxes | 450/3 | €7,061 | €6,456 | -€605 | -8.6% |
| Remuneration and social security | 454/9 | €2,971 | - | -€2,971 | |
| Remuneration, social security and pensions | 62 | €17,289 | - | -€17,289 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,510 | €34,853 | +€342 | +1.0% |
| Other operating charges | 640/8 | €9,748 | €5,749 | -€4,000 | -41.0% |
| Non-recurring operating charges | 66A | €28,744 | €5,362 | -€23,382 | -81.3% |
| Gross operating margin | 9900 | €67,756 | €46,280 | -€21,476 | -31.7% |
| Operating profit (loss) | 9901 | -€22,535 | €317 | +€22,852 | |
| Financial income | 75/76B | €1 | €2,768 | +€2,767 | +276730.0% |
| Recurring financial income | 75 | €1 | €2,768 | +€2,767 | +276730.0% |
| Financial charges | 65/66B | €3,053 | €2,253 | -€801 | -26.2% |
| Recurring financial charges | 65 | €3,053 | €2,253 | -€801 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | -€25,587 | €832 | +€26,419 | |
| Income taxes | 67/77 | - | €748 | +€748 | |
| Profit (loss) for the period | 9904 | -€25,587 | €85 | +€25,672 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,587 | €85 | +€25,672 |
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 28 September 2026 via checked.be.