Pastels: 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.
Pastels
Largest movements
- Cash +€16,065
up €16,065 (+24.6%), from €65,371 to €81,437
mainly Net result for the year (+€18,368) and Depreciation (+€15,653)
- Tangible fixed assets -€12,671
down €12,671 (-9.2%), from €138,404 to €125,733
of which Land and buildings: -€11,028
- Reserves +€18,368
up €18,368 (+39.7%), from €46,280 to €64,648
- Debts after one year -€11,897
down €11,897 (-24.9%), from €47,741 to €35,844
- Other debts -€3,767
down €3,767 (-5.6%), from €67,431 to €63,663
- Gross operating margin -€5,142
down €5,142 (-10.7%), from €47,839 to €42,697
- Taxes +€3,100
up €3,100 (+218.6%), from €1,418 to €4,518
- Depreciation +€1,854
up €1,854 (+13.4%), from €13,799 to €15,653
- Other operating charges +€970
up €970 (+106.8%), from €908 to €1,878
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 | €206,633 | €210,223 | +€3,590 | +1.7% |
| Fixed assets | 21/28 | €138,404 | €125,733 | -€12,671 | -9.2% |
| Tangible fixed assets | 22/27 | €138,404 | €125,733 | -€12,671 | -9.2% |
| Land and buildings | 22 | €113,896 | €102,868 | -€11,028 | -9.7% |
| Plant, machinery and equipment | 23 | €18,673 | €14,829 | -€3,844 | -20.6% |
| Furniture and vehicles | 24 | €5,835 | €8,036 | +€2,202 | +37.7% |
| Current assets | 29/58 | €68,229 | €84,490 | +€16,261 | +23.8% |
| Stocks and contracts in progress | 3 | €2,807 | €2,571 | -€236 | -8.4% |
| Stocks | 30/36 | €2,807 | €2,571 | -€236 | -8.4% |
| Amounts receivable within one year | 40/41 | €52 | €482 | +€431 | +836.8% |
| Trade receivables | 40 | €52 | - | -€52 | |
| Other amounts receivable | 41 | - | €482 | +€482 | |
| Cash at bank and in hand | 54/58 | €65,371 | €81,437 | +€16,065 | +24.6% |
| Total equity and liabilities | 10/49 | €206,633 | €210,223 | +€3,590 | +1.7% |
| Equity | 10/15 | €76,280 | €94,648 | +€18,368 | +24.1% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €46,280 | €64,648 | +€18,368 | +39.7% |
| Distributable reserves | 133 | €46,280 | €64,648 | +€18,368 | +39.7% |
| Amounts payable | 17/49 | €130,353 | €115,575 | -€14,779 | -11.3% |
| Amounts payable after more than one year | 17 | €47,741 | €35,844 | -€11,897 | -24.9% |
| Financial debts | 170/4 | €47,741 | €35,844 | -€11,897 | -24.9% |
| Amounts payable within one year | 42/48 | €82,613 | €79,731 | -€2,882 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €11,675 | €11,897 | +€222 | +1.9% |
| Trade debts | 44 | €536 | €821 | +€285 | +53.1% |
| Suppliers | 440/4 | €536 | €821 | +€285 | +53.1% |
| Taxes, remuneration and social security | 45 | €2,971 | €3,350 | +€380 | +12.8% |
| Taxes | 450/3 | €2,971 | €3,350 | +€380 | +12.8% |
| Other amounts payable | 47/48 | €67,431 | €63,663 | -€3,767 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,799 | €15,653 | +€1,854 | +13.4% |
| Other operating charges | 640/8 | €908 | €1,878 | +€970 | +106.8% |
| Gross operating margin | 9900 | €47,839 | €42,697 | -€5,142 | -10.7% |
| Operating profit (loss) | 9901 | €33,133 | €25,166 | -€7,966 | -24.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -71.4% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -71.4% |
| Financial charges | 65/66B | €1,944 | €2,281 | +€336 | +17.3% |
| Recurring financial charges | 65 | €1,944 | €2,281 | +€336 | +17.3% |
| Profit (loss) for the period before taxes | 9903 | €31,189 | €22,886 | -€8,303 | -26.6% |
| Income taxes | 67/77 | €1,418 | €4,518 | +€3,100 | +218.6% |
| Profit (loss) for the period | 9904 | €29,771 | €18,368 | -€11,402 | -38.3% |
| Profit (loss) for the period to be appropriated | 9905 | €29,771 | €18,368 | -€11,402 | -38.3% |
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 9 October 2026 via checked.be.