PASCUAL GROUP: what changed
What changed
PASCUAL GROUP
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€564,478
2024 · €354,817+€209,661
Equity
€2.7m
2024 · €2.2m+€564,478
Cash
€340,761
2024 · €302,526+€38,235
Balance sheet total
€7.5m
2024 · €11.4m-€3.9m
Largest movements
Assets
- Current investments -€3.6m
down €3.6m (-100%), from €3.6m to €0
- Receivables within one year -€253,674
down €253,674 (-10.4%), from €2.4m to €2.2m
of which Other amounts receivable: -€496,569
Equity and liabilities
- Other debts -€4.6m
down €4.6m (-52.4%), from €8.8m to €4.2m
- Reserves +€564,478
up €564,478 (+272%), from €207,519 to €771,997
- Tax, wage and social debts +€141,363
up €141,363 (+71.3%), from €198,365 to €339,728
of which Taxes: +€152,094
Income statement
- Gross operating margin +€747,100
up €747,100 (+70.4%), from €1.1m to €1.8m
- Taxes +€465,022
up €465,022 (+530%), from €87,741 to €552,763
- Depreciation +€35,568
up €35,568 (+19.4%), from €183,658 to €219,226
- Other operating charges +€31,628
up €31,628 (+21.3%), from €148,363 to €179,992
- Staff costs -€25,953
down €25,953 (-8.3%), from €312,127 to €286,174
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€354,817
Gross operating margin
+€747,100
Staff costs
+€25,953
Depreciation
-€35,568
Other operating charges
-€31,628
Other operating items
+€4,350
Financial income
-€24,767
Financial charges
-€10,757
Taxes
-€465,022
Result 2025
€564,478
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€3.4m
Investment
+€3.4m
Financing
€0
Cash 2024
€302,526
From operations (derived)
-€3.4m
Net result for the year
+€564,478
Depreciation
+€219,226
Stocks and contracts
+€41,825
Receivables within one year
+€253,674
Deferred charges and accrued income
+€49,203
Trade debts
-€12,894
Tax, wage and social debts
+€141,363
Other debts
-€4.6m
Accrued charges and deferred income
-€17,745
Investment (derived)
+€3.4m
Investment in fixed assets (net)
-€186,679
Current investments
+€3.6m
Cash 2025
€340,761
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,399,108 | €7,460,093 | -€3.9m | -34.6% |
| Fixed assets | 21/28 | €4,870,922 | €4,838,375 | -€32,548 | -0.7% |
| Intangible fixed assets | 21 | €27,487 | €11,714 | -€15,773 | -57.4% |
| Tangible fixed assets | 22/27 | €433,238 | €416,463 | -€16,775 | -3.9% |
| Plant, machinery and equipment | 23 | €181,668 | €99,864 | -€81,804 | -45.0% |
| Furniture and vehicles | 24 | €247,007 | €188,455 | -€58,552 | -23.7% |
| Other tangible fixed assets | 26 | €4,563 | €128,144 | +€123,581 | +2,709% |
| Financial fixed assets | 28 | €4,410,198 | €4,410,198 | = | 0.0% |
| Current assets | 29/58 | €6,528,186 | €2,621,719 | -€3.9m | -59.8% |
| Stocks and contracts in progress | 3 | €41,825 | €0 | -€41,825 | -100% |
| Stocks | 30/36 | €41,825 | €0 | -€41,825 | -100% |
| Amounts receivable within one year | 40/41 | €2,435,266 | €2,181,591 | -€253,674 | -10.4% |
| Trade receivables | 40 | €155,602 | €398,496 | +€242,894 | +156% |
| Other amounts receivable | 41 | €2,279,664 | €1,783,095 | -€496,569 | -21.8% |
| Current investments | 50/53 | €3,600,000 | €0 | -€3.6m | -100% |
| Cash at bank and in hand | 54/58 | €302,526 | €340,761 | +€38,235 | +12.6% |
| Deferred charges and accrued income | 490/1 | €148,569 | €99,366 | -€49,203 | -33.1% |
| Total equity and liabilities | 10/49 | €11,399,108 | €7,460,093 | -€3.9m | -34.6% |
| Equity | 10/15 | €2,166,683 | €2,731,162 | +€564,478 | +26.1% |
| Contributions | 10/11 | €1,426,770 | €1,426,770 | = | 0.0% |
| Reserves | 13 | €207,519 | €771,997 | +€564,478 | +272% |
| Distributable reserves | 133 | €207,519 | €771,997 | +€564,478 | +272% |
| Profit (loss) carried forward | 14 | €532,395 | €532,395 | = | 0.0% |
| Amounts payable | 17/49 | €9,232,425 | €4,728,932 | -€4.5m | -48.8% |
| Amounts payable within one year | 42/48 | €9,206,174 | €4,720,425 | -€4.5m | -48.7% |
| Trade debts | 44 | €202,420 | €189,526 | -€12,894 | -6.4% |
| Suppliers | 440/4 | €202,420 | €189,526 | -€12,894 | -6.4% |
| Taxes, remuneration and social security | 45 | €198,365 | €339,728 | +€141,363 | +71.3% |
| Taxes | 450/3 | €157,504 | €309,598 | +€152,094 | +96.6% |
| Remuneration and social security | 454/9 | €40,860 | €30,129 | -€10,731 | -26.3% |
| Other amounts payable | 47/48 | €8,805,389 | €4,191,171 | -€4.6m | -52.4% |
| Accrued charges and deferred income | 492/3 | €26,251 | €8,506 | -€17,745 | -67.6% |
| Non-recurring operating income | 76A | €92,771 | €417,501 | +€324,730 | +350% |
| Remuneration, social security and pensions | 62 | €312,127 | €286,174 | -€25,953 | -8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €183,658 | €219,226 | +€35,568 | +19.4% |
| Other operating charges | 640/8 | €148,363 | €179,992 | +€31,628 | +21.3% |
| Non-recurring operating charges | 66A | €4,350 | €0 | -€4,350 | -100% |
| Gross operating margin | 9900 | €1,060,517 | €1,807,618 | +€747,100 | +70.4% |
| Operating profit (loss) | 9901 | €412,019 | €1,122,226 | +€710,207 | +172% |
| Financial income | 75/76B | €93,075 | €68,308 | -€24,767 | -26.6% |
| Recurring financial income | 75 | €93,075 | €68,308 | -€24,767 | -26.6% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €62,535 | €73,292 | +€10,757 | +17.2% |
| Recurring financial charges | 65 | €62,535 | €73,292 | +€10,757 | +17.2% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €442,558 | €1,117,242 | +€674,683 | +152% |
| Income taxes | 67/77 | €87,741 | €552,763 | +€465,022 | +530% |
| Profit (loss) for the period | 9904 | €354,817 | €564,478 | +€209,661 | +59.1% |
| Profit (loss) for the period to be appropriated | 9905 | €354,817 | €564,478 | +€209,661 | +59.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.