Pastoor Termote: 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.
What changed
Pastoor Termote
NACE 68.110, Buying and selling of own real estate
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€41,262
2024 · €14,776+€26,485
Equity
€2.4m
2024 · €2.4m+€41,262
Cash
€155,532
2024 · €136,241+€19,291
Balance sheet total
€4.0m
2024 · €4.1m-€67,416
Largest movements
Assets
- Tangible fixed assets -€78,835
down €78,835 (-2.4%), from €3.2m to €3.1m
Equity and liabilities
- Debts after one year -€120,000
down €120,000 (-9.4%), from €1.3m to €1.2m
- Reserves +€41,262
up €41,262 (+3.7%), from €1.1m to €1.2m
of which Distributable reserves: +€41,262
Income statement
- Gross operating margin +€35,673
up €35,673 (+27.9%), from €127,911 to €163,584
- Taxes +€10,461
up €10,461 (+208%), from €5,023 to €15,484
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.
Result 2024
€14,776
Gross operating margin
+€35,673
Depreciation
-€32
Other operating charges
+€168
Financial charges
+€1,137
Taxes
-€10,461
Result 2025
€41,262
raises the resultlowers the result
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.
From operations
+€153,596
Investment
-€14,305
Financing
-€120,000
Cash 2024
€136,241
From operations (derived)
+€153,596
Net result for the year
+€41,262
Depreciation
+€93,141
Stocks and contracts
+€12,943
Smaller working-capital items
+€115
Deferred charges and accrued income
-€5,240
Tax, wage and social debts
+€10,200
Other debts
+€1,175
Investment (derived)
-€14,305
Investment in fixed assets (net)
-€14,305
Financing
-€120,000
Debts after one year
-€120,000
Cash 2025
€155,532
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,054,480 | €3,987,064 | -€67,416 | -1.7% |
| Fixed assets | 21/28 | €3,219,412 | €3,140,576 | -€78,835 | -2.4% |
| Tangible fixed assets | 22/27 | €3,219,412 | €3,140,576 | -€78,835 | -2.4% |
| Land and buildings | 22 | €3,219,412 | €3,140,576 | -€78,835 | -2.4% |
| Current assets | 29/58 | €835,068 | €846,488 | +€11,420 | +1.4% |
| Stocks and contracts in progress | 3 | €686,951 | €674,008 | -€12,943 | -1.9% |
| Stocks | 30/36 | €686,951 | €674,008 | -€12,943 | -1.9% |
| Amounts receivable within one year | 40/41 | €168 | €0 | -€168 | -100% |
| Other amounts receivable | 41 | €168 | €0 | -€168 | -100% |
| Cash at bank and in hand | 54/58 | €136,241 | €155,532 | +€19,291 | +14.2% |
| Deferred charges and accrued income | 490/1 | €11,708 | €16,947 | +€5,240 | +44.8% |
| Total equity and liabilities | 10/49 | €4,054,480 | €3,987,064 | -€67,416 | -1.7% |
| Equity | 10/15 | €2,397,964 | €2,439,225 | +€41,262 | +1.7% |
| Contributions | 10/11 | €1,268,592 | €1,268,592 | = | 0.0% |
| Reserves | 13 | €1,129,372 | €1,170,633 | +€41,262 | +3.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,129,372 | €1,170,633 | +€41,262 | +3.7% |
| Amounts payable | 17/49 | €1,656,516 | €1,547,839 | -€108,677 | -6.6% |
| Amounts payable after more than one year | 17 | €1,280,000 | €1,160,000 | -€120,000 | -9.4% |
| Financial debts | 170/4 | €1,280,000 | €1,160,000 | -€120,000 | -9.4% |
| Amounts payable within one year | 42/48 | €375,391 | €386,675 | +€11,284 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €120,000 | €120,000 | = | 0.0% |
| Trade debts | 44 | €91 | €0 | -€91 | -100% |
| Suppliers | 440/4 | €91 | €0 | -€91 | -100% |
| Taxes, remuneration and social security | 45 | €5,300 | €15,500 | +€10,200 | +192% |
| Taxes | 450/3 | €5,300 | €15,500 | +€10,200 | +192% |
| Other amounts payable | 47/48 | €250,000 | €251,175 | +€1,175 | +0.5% |
| Accrued charges and deferred income | 492/3 | €1,125 | €1,163 | +€38 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,109 | €93,141 | +€32 | 0.0% |
| Other operating charges | 640/8 | €1,318 | €1,150 | -€168 | -12.8% |
| Gross operating margin | 9900 | €127,911 | €163,584 | +€35,673 | +27.9% |
| Operating profit (loss) | 9901 | €33,484 | €69,293 | +€35,809 | +107% |
| Financial charges | 65/66B | €13,685 | €12,548 | -€1,137 | -8.3% |
| Recurring financial charges | 65 | €13,685 | €12,548 | -€1,137 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €19,799 | €56,745 | +€36,946 | +187% |
| Income taxes | 67/77 | €5,023 | €15,484 | +€10,461 | +208% |
| Profit (loss) for the period | 9904 | €14,776 | €41,262 | +€26,485 | +179% |
| Profit (loss) for the period to be appropriated | 9905 | €14,776 | €41,262 | +€26,485 | +179% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.