PASTEL: 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.
PASTEL
Largest movements
- Tangible fixed assets -€14,521
down €14,521 (-23.9%), from €60,797 to €46,276
of which Furniture and vehicles: -€7,275
- Cash +€6,501
up €6,501 (+5.9%), from €110,507 to €117,008
mainly Depreciation (+€14,521) and Net result for the year (+€4,852)
- Stocks and contracts +€5,547
up €5,547 (+7.0%), from €79,495 to €85,042
- Receivables within one year -€2,675
down €2,675 (-32.0%), from €8,353 to €5,677
of which Other amounts receivable: -€1,706
- Debts after one year -€15,496
down €15,496 (-50.0%), from €31,003 to €15,507
- Reserves +€4,852
up €4,852 (+17.5%), from €27,669 to €32,521
of which Distributable reserves: +€4,852
- Current portion of long-term debt +€3,336
up €3,336 (+24.9%), from €13,395 to €16,732
- Trade debts +€3,038
up €3,038 (+10.1%), from €30,068 to €33,106
- Write-downs -€8,176
down €8,176, from €719 to -€7,457
- Gross operating margin -€2,339
down €2,339 (-8.3%), from €28,199 to €25,861
- Depreciation +€1,554
up €1,554 (+12.0%), from €12,967 to €14,521
- Taxes +€1,289
up €1,289 (+42.7%), from €3,020 to €4,310
- Staff costs +€979
up €979 (+23.4%), from €4,181 to €5,160
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.
Derived cash bridge
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 | €263,976 | €257,071 | -€6,905 | -2.6% |
| Fixed assets | 21/28 | €60,946 | €46,425 | -€14,521 | -23.8% |
| Tangible fixed assets | 22/27 | €60,797 | €46,276 | -€14,521 | -23.9% |
| Plant, machinery and equipment | 23 | €45,431 | €38,186 | -€7,245 | -15.9% |
| Furniture and vehicles | 24 | €15,366 | €8,090 | -€7,275 | -47.3% |
| Financial fixed assets | 28 | €149 | €149 | = | 0.0% |
| Current assets | 29/58 | €203,030 | €210,646 | +€7,616 | +3.8% |
| Stocks and contracts in progress | 3 | €79,495 | €85,042 | +€5,547 | +7.0% |
| Stocks | 30/36 | €79,495 | €85,042 | +€5,547 | +7.0% |
| Amounts receivable within one year | 40/41 | €8,353 | €5,677 | -€2,675 | -32.0% |
| Trade receivables | 40 | €2,231 | €1,262 | -€969 | -43.4% |
| Other amounts receivable | 41 | €6,121 | €4,415 | -€1,706 | -27.9% |
| Cash at bank and in hand | 54/58 | €110,507 | €117,008 | +€6,501 | +5.9% |
| Deferred charges and accrued income | 490/1 | €4,676 | €2,918 | -€1,757 | -37.6% |
| Total equity and liabilities | 10/49 | €263,976 | €257,071 | -€6,905 | -2.6% |
| Equity | 10/15 | €123,138 | €127,990 | +€4,852 | +3.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €27,669 | €32,521 | +€4,852 | +17.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €27,669 | €32,521 | +€4,852 | +17.5% |
| Profit (loss) carried forward | 14 | €76,869 | €76,869 | = | 0.0% |
| Provisions and deferred taxes | 16 | €57,310 | €57,310 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €57,310 | €57,310 | = | 0.0% |
| Pensions and similar obligations | 160 | €57,310 | €57,310 | = | 0.0% |
| Amounts payable | 17/49 | €83,529 | €71,772 | -€11,757 | -14.1% |
| Amounts payable after more than one year | 17 | €31,003 | €15,507 | -€15,496 | -50.0% |
| Financial debts | 170/4 | €31,003 | €15,507 | -€15,496 | -50.0% |
| Amounts payable within one year | 42/48 | €52,526 | €56,264 | +€3,738 | +7.1% |
| Current portion of amounts payable after more than one year | 42 | €13,395 | €16,732 | +€3,336 | +24.9% |
| Financial debts | 43 | €207 | €0 | -€207 | -100% |
| Credit institutions | 430/8 | €207 | €0 | -€207 | -100% |
| Trade debts | 44 | €30,068 | €33,106 | +€3,038 | +10.1% |
| Suppliers | 440/4 | €30,068 | €33,106 | +€3,038 | +10.1% |
| Taxes, remuneration and social security | 45 | €4,954 | €4,927 | -€27 | -0.5% |
| Taxes | 450/3 | €4,204 | €3,672 | -€532 | -12.6% |
| Remuneration and social security | 454/9 | €750 | €1,255 | +€505 | +67.3% |
| Other amounts payable | 47/48 | €3,902 | €1,500 | -€2,402 | -61.6% |
| Remuneration, social security and pensions | 62 | €4,181 | €5,160 | +€979 | +23.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,967 | €14,521 | +€1,554 | +12.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €719 | -€7,457 | -€8,176 | |
| Other operating charges | 640/8 | €1,178 | €1,514 | +€336 | +28.5% |
| Gross operating margin | 9900 | €28,199 | €25,861 | -€2,339 | -8.3% |
| Operating profit (loss) | 9901 | €9,154 | €12,123 | +€2,969 | +32.4% |
| Financial income | 75/76B | €330 | €612 | +€282 | +85.6% |
| Recurring financial income | 75 | €330 | €612 | +€282 | +85.6% |
| Financial charges | 65/66B | €3,847 | €3,573 | -€274 | -7.1% |
| Recurring financial charges | 65 | €3,847 | €3,573 | -€274 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €5,636 | €9,162 | +€3,526 | +62.6% |
| Income taxes | 67/77 | €3,020 | €4,310 | +€1,289 | +42.7% |
| Profit (loss) for the period | 9904 | €2,616 | €4,852 | +€2,236 | +85.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,616 | €4,852 | +€2,236 | +85.5% |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.