PASKALIS: 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.
PASKALIS
Largest movements
- Cash +€61,689
up €61,689 (+50.4%), from €122,491 to €184,180
mainly Net result for the year (+€50,114) and Tax, wage and social debts (+€15,262)
- Reserves +€50,114
up €50,114 (+68.2%), from €73,463 to €123,578
- Tax, wage and social debts +€15,262
up €15,262 (+35.3%), from €43,179 to €58,441
of which Taxes: +€15,422
- Other debts -€2,405
down €2,405 (-57.9%), from €4,152 to €1,747
- Gross operating margin -€39,383
down €39,383 (-35.3%), from €111,428 to €72,045
- Taxes -€9,285
down €9,285 (-31.9%), from €29,117 to €19,832
- Other operating charges -€5,025
down €5,025 (-90.4%), from €5,556 to €531
- Depreciation -€1,787
down €1,787 (-55.2%), from €3,235 to €1,448
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 | €128,362 | €190,652 | +€62,290 | +48.5% |
| Fixed assets | 21/28 | €3,577 | €2,130 | -€1,448 | -40.5% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €3,577 | €2,130 | -€1,448 | -40.5% |
| Plant, machinery and equipment | 23 | €2,842 | €1,742 | -€1,100 | -38.7% |
| Furniture and vehicles | 24 | €736 | €388 | -€348 | -47.3% |
| Current assets | 29/58 | €124,785 | €188,522 | +€63,737 | +51.1% |
| Amounts receivable within one year | 40/41 | €210 | €379 | +€170 | +80.9% |
| Other amounts receivable | 41 | €210 | €379 | +€170 | +80.9% |
| Cash at bank and in hand | 54/58 | €122,491 | €184,180 | +€61,689 | +50.4% |
| Deferred charges and accrued income | 490/1 | €2,084 | €3,963 | +€1,879 | +90.1% |
| Total equity and liabilities | 10/49 | €128,362 | €190,652 | +€62,290 | +48.5% |
| Equity | 10/15 | €77,963 | €128,078 | +€50,114 | +64.3% |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Reserves | 13 | €73,463 | €123,578 | +€50,114 | +68.2% |
| Distributable reserves | 133 | €73,463 | €123,578 | +€50,114 | +68.2% |
| Amounts payable | 17/49 | €50,399 | €62,574 | +€12,175 | +24.2% |
| Amounts payable within one year | 42/48 | €50,312 | €62,574 | +€12,263 | +24.4% |
| Trade debts | 44 | €2,980 | €2,386 | -€594 | -19.9% |
| Suppliers | 440/4 | €2,980 | €2,386 | -€594 | -19.9% |
| Taxes, remuneration and social security | 45 | €43,179 | €58,441 | +€15,262 | +35.3% |
| Taxes | 450/3 | €42,859 | €58,281 | +€15,422 | +36.0% |
| Remuneration and social security | 454/9 | €320 | €160 | -€160 | -50.0% |
| Other amounts payable | 47/48 | €4,152 | €1,747 | -€2,405 | -57.9% |
| Accrued charges and deferred income | 492/3 | €87 | - | -€87 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,235 | €1,448 | -€1,787 | -55.2% |
| Other operating charges | 640/8 | €5,556 | €531 | -€5,025 | -90.4% |
| Gross operating margin | 9900 | €111,428 | €72,045 | -€39,383 | -35.3% |
| Operating profit (loss) | 9901 | €102,638 | €70,067 | -€32,571 | -31.7% |
| Financial charges | 65/66B | €57 | €120 | +€63 | +110.2% |
| Recurring financial charges | 65 | €57 | €120 | +€63 | +110.2% |
| Profit (loss) for the period before taxes | 9903 | €102,581 | €69,947 | -€32,634 | -31.8% |
| Income taxes | 67/77 | €29,117 | €19,832 | -€9,285 | -31.9% |
| Profit (loss) for the period | 9904 | €73,463 | €50,114 | -€23,349 | -31.8% |
| Profit (loss) for the period to be appropriated | 9905 | €73,463 | €50,114 | -€23,349 | -31.8% |
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 7 October 2026 via checked.be.