Pascucci Construct: 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.
Pascucci Construct
Largest movements
- Receivables within one year +€27,045
up €27,045 (+676.4%), from €3,999 to €31,044
of which Trade receivables: +€16,457
- Cash -€14,863
down €14,863 (-53.9%), from €27,576 to €12,712
mainly Receivables within one year (-€27,045) and Other debts (-€13,210)
- Profit (loss) carried forward +€15,003
up €15,003 (+52.8%), from €28,408 to €43,411
- Other debts -€13,210
down €13,210 (-61.9%), from €21,347 to €8,138
- Trade debts +€6,130
up €6,130 (+558.4%), from €1,098 to €7,228
- Tax, wage and social debts +€4,250
up €4,250 (+52.7%), from €8,070 to €12,321
- Gross operating margin -€16,567
down €16,567 (-35.2%), from €47,054 to €30,487
- Taxes -€3,820
down €3,820 (-47.3%), from €8,070 to €4,250
- Depreciation +€975
up €975 (+11.1%), from €8,763 to €9,738
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 | €61,923 | €74,097 | +€12,174 | +19.7% |
| Fixed assets | 21/28 | €30,349 | €30,340 | -€8 | 0.0% |
| Tangible fixed assets | 22/27 | €30,349 | €30,340 | -€8 | 0.0% |
| Plant, machinery and equipment | 23 | €4,077 | €9,521 | +€5,444 | +133.5% |
| Furniture and vehicles | 24 | €26,272 | €20,819 | -€5,452 | -20.8% |
| Current assets | 29/58 | €31,574 | €43,756 | +€12,182 | +38.6% |
| Amounts receivable within one year | 40/41 | €3,999 | €31,044 | +€27,045 | +676.4% |
| Trade receivables | 40 | €2,273 | €18,730 | +€16,457 | +724.2% |
| Other amounts receivable | 41 | €1,726 | €12,315 | +€10,588 | +613.4% |
| Cash at bank and in hand | 54/58 | €27,576 | €12,712 | -€14,863 | -53.9% |
| Total equity and liabilities | 10/49 | €61,923 | €74,097 | +€12,174 | +19.7% |
| Equity | 10/15 | €31,408 | €46,411 | +€15,003 | +47.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,408 | €43,411 | +€15,003 | +52.8% |
| Amounts payable | 17/49 | €30,515 | €27,686 | -€2,829 | -9.3% |
| Amounts payable within one year | 42/48 | €30,515 | €27,686 | -€2,829 | -9.3% |
| Trade debts | 44 | €1,098 | €7,228 | +€6,130 | +558.4% |
| Suppliers | 440/4 | €1,098 | €7,228 | +€6,130 | +558.4% |
| Taxes, remuneration and social security | 45 | €8,070 | €12,321 | +€4,250 | +52.7% |
| Taxes | 450/3 | €8,070 | €12,321 | +€4,250 | +52.7% |
| Other amounts payable | 47/48 | €21,347 | €8,138 | -€13,210 | -61.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,763 | €9,738 | +€975 | +11.1% |
| Other operating charges | 640/8 | €1,572 | €1,256 | -€316 | -20.1% |
| Gross operating margin | 9900 | €47,054 | €30,487 | -€16,567 | -35.2% |
| Operating profit (loss) | 9901 | €36,719 | €19,493 | -€17,227 | -46.9% |
| Financial charges | 65/66B | €241 | €239 | -€2 | -1.0% |
| Recurring financial charges | 65 | €241 | €239 | -€2 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | €36,478 | €19,254 | -€17,224 | -47.2% |
| Income taxes | 67/77 | €8,070 | €4,250 | -€3,820 | -47.3% |
| Profit (loss) for the period | 9904 | €28,408 | €15,003 | -€13,404 | -47.2% |
| Profit (loss) for the period to be appropriated | 9905 | €28,408 | €15,003 | -€13,404 | -47.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.