PASQUI'S: 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.
PASQUI'S
Largest movements
- Tangible fixed assets -€18,868
down €18,868 (-30.6%), from €61,718 to €42,850
of which Plant, machinery and equipment: -€14,468
- Receivables within one year +€4,452
up €4,452 (+515.8%), from €863 to €5,315
of which Trade receivables: +€3,300
- Cash -€1,001
down €1,001 (-6.7%), from €15,037 to €14,036
mainly Net result for the year (-€26,358) and Receivables within one year (-€4,452)
- Profit (loss) carried forward -€26,358
down €26,358 (-47.1%), from -€55,948 to -€82,307
- Other debts +€7,636
up €7,636 (+6.4%), from €118,580 to €126,216
- Trade debts +€4,326
up €4,326 (+45.9%), from €9,415 to €13,740
- Tax, wage and social debts -€2,201
down €2,201 (-44.4%), from €4,955 to €2,755
- Advances received +€1,680
new in 2025: €1,680
- Depreciation -€13,754
down €13,754 (-42.2%), from €32,623 to €18,868
- Gross operating margin +€13,035
up €13,035, from -€4,582 to €8,454
- Staff costs -€3,637
down €3,637 (-24.4%), from €14,913 to €11,276
- Other operating charges +€743
up €743 (+30.2%), from €2,455 to €3,198
- Financial charges +€88
up €88 (+6.1%), from €1,457 to €1,545
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 | €80,002 | €65,085 | -€14,917 | -18.6% |
| Fixed assets | 21/28 | €64,102 | €45,234 | -€18,868 | -29.4% |
| Tangible fixed assets | 22/27 | €61,718 | €42,850 | -€18,868 | -30.6% |
| Plant, machinery and equipment | 23 | €47,785 | €33,317 | -€14,468 | -30.3% |
| Furniture and vehicles | 24 | €13,933 | €9,533 | -€4,400 | -31.6% |
| Financial fixed assets | 28 | €2,384 | €2,384 | = | 0.0% |
| Current assets | 29/58 | €15,900 | €19,851 | +€3,951 | +24.8% |
| Amounts receivable within one year | 40/41 | €863 | €5,315 | +€4,452 | +515.8% |
| Trade receivables | 40 | €41 | €3,341 | +€3,300 | +8128.1% |
| Other amounts receivable | 41 | €822 | €1,974 | +€1,152 | +140.0% |
| Cash at bank and in hand | 54/58 | €15,037 | €14,036 | -€1,001 | -6.7% |
| Deferred charges and accrued income | 490/1 | - | €500 | +€500 | |
| Total equity and liabilities | 10/49 | €80,002 | €65,085 | -€14,917 | -18.6% |
| Equity | 10/15 | -€52,948 | -€79,307 | -€26,358 | -49.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Outside capital | 11 | €3,000 | - | -€3,000 | |
| Other | 1109/19 | €3,000 | - | -€3,000 | |
| Profit (loss) carried forward | 14 | -€55,948 | -€82,307 | -€26,358 | -47.1% |
| Amounts payable | 17/49 | €132,950 | €144,391 | +€11,441 | +8.6% |
| Amounts payable within one year | 42/48 | €132,950 | €144,391 | +€11,441 | +8.6% |
| Trade debts | 44 | €9,415 | €13,740 | +€4,326 | +45.9% |
| Suppliers | 440/4 | €9,415 | €13,740 | +€4,326 | +45.9% |
| Advances received on contracts in progress | 46 | - | €1,680 | +€1,680 | |
| Taxes, remuneration and social security | 45 | €4,955 | €2,755 | -€2,201 | -44.4% |
| Taxes | 450/3 | €4,955 | €2,755 | -€2,201 | -44.4% |
| Other amounts payable | 47/48 | €118,580 | €126,216 | +€7,636 | +6.4% |
| Remuneration, social security and pensions | 62 | €14,913 | €11,276 | -€3,637 | -24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,623 | €18,868 | -€13,754 | -42.2% |
| Other operating charges | 640/8 | €2,455 | €3,198 | +€743 | +30.2% |
| Gross operating margin | 9900 | -€4,582 | €8,454 | +€13,035 | |
| Operating profit (loss) | 9901 | -€54,572 | -€24,888 | +€29,684 | +54.4% |
| Financial income | 75/76B | €81 | €75 | -€6 | -7.1% |
| Recurring financial income | 75 | €81 | €75 | -€6 | -7.1% |
| Financial charges | 65/66B | €1,457 | €1,545 | +€88 | +6.1% |
| Recurring financial charges | 65 | €1,457 | €1,545 | +€88 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | -€55,948 | -€26,358 | +€29,590 | +52.9% |
| Profit (loss) for the period | 9904 | -€55,948 | -€26,358 | +€29,590 | +52.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€55,948 | -€26,358 | +€29,590 | +52.9% |
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 6 October 2026 via checked.be.