ROMEDENNE PASCALE: 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.
ROMEDENNE PASCALE
Largest movements
- Receivables after one year -€347,000
no longer reported in 2025 (was €347,000)
- Cash +€291,239
up €291,239 (+189%), from €154,117 to €445,356
mainly Receivables after one year (+€347,000) and Current investments (+€188,357)
- Current investments -€188,357
down €188,357 (-34.5%), from €545,285 to €356,927
- Receivables within one year +€18,151
new in 2025: €18,151
of which Other amounts receivable: +€17,860
- Other debts -€300,419
down €300,419 (-46.6%), from €644,785 to €344,366
- Reserves +€82,011
up €82,011 (+33.9%), from €242,247 to €324,258
of which Distributable reserves: +€82,011
- Tax, wage and social debts -€31,114
down €31,114 (-67.2%), from €46,331 to €15,217
of which Taxes: -€28,664
- Accrued charges and deferred income +€16,264
new in 2025: €16,264
- Gross operating margin +€17,956
up €17,956 (+9.9%), from €180,506 to €198,463
- Financial charges +€16,355
up €16,355 (+13,373%), from €122 to €16,477
- Taxes +€11,268
up €11,268 (+25.0%), from €45,036 to €56,304
- Financial income -€5,343
down €5,343 (-31.4%), from €17,010 to €11,667
- Other operating charges -€2,773
down €2,773 (-90.7%), from €3,056 to €284
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 | €1,057,564 | €823,393 | -€234,170 | -22.1% |
| Fixed assets | 21/28 | €9,555 | €1,274 | -€8,282 | -86.7% |
| Tangible fixed assets | 22/27 | €9,555 | €1,274 | -€8,282 | -86.7% |
| Plant, machinery and equipment | 23 | €810 | €310 | -€500 | -61.7% |
| Furniture and vehicles | 24 | €8,745 | €964 | -€7,782 | -89.0% |
| Current assets | 29/58 | €1,048,009 | €822,120 | -€225,889 | -21.6% |
| Amounts receivable after more than one year | 29 | €347,000 | - | -€347,000 | |
| Other amounts receivable | 291 | €347,000 | - | -€347,000 | |
| Amounts receivable within one year | 40/41 | - | €18,151 | +€18,151 | |
| Trade receivables | 40 | - | €290 | +€290 | |
| Other amounts receivable | 41 | - | €17,860 | +€17,860 | |
| Current investments | 50/53 | €545,285 | €356,927 | -€188,357 | -34.5% |
| Cash at bank and in hand | 54/58 | €154,117 | €445,356 | +€291,239 | +189% |
| Deferred charges and accrued income | 490/1 | €1,606 | €1,686 | +€79 | +4.9% |
| Total equity and liabilities | 10/49 | €1,057,564 | €823,393 | -€234,170 | -22.1% |
| Equity | 10/15 | €353,847 | €435,858 | +€82,011 | +23.2% |
| Contributions | 10/11 | €111,600 | €111,600 | = | 0.0% |
| Reserves | 13 | €242,247 | €324,258 | +€82,011 | +33.9% |
| Tax-exempt reserves | 132 | €1,000 | €1,000 | = | 0.0% |
| Distributable reserves | 133 | €241,247 | €323,258 | +€82,011 | +34.0% |
| Provisions and deferred taxes | 16 | €11,688 | €11,688 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €11,688 | €11,688 | = | 0.0% |
| Pensions and similar obligations | 160 | €11,688 | €11,688 | = | 0.0% |
| Amounts payable | 17/49 | €692,029 | €375,847 | -€316,181 | -45.7% |
| Amounts payable within one year | 42/48 | €692,029 | €359,584 | -€332,445 | -48.0% |
| Trade debts | 44 | €913 | - | -€913 | |
| Suppliers | 440/4 | €913 | - | -€913 | |
| Taxes, remuneration and social security | 45 | €46,331 | €15,217 | -€31,114 | -67.2% |
| Taxes | 450/3 | €43,881 | €15,217 | -€28,664 | -65.3% |
| Remuneration and social security | 454/9 | €2,450 | - | -€2,450 | |
| Other amounts payable | 47/48 | €644,785 | €344,366 | -€300,419 | -46.6% |
| Accrued charges and deferred income | 492/3 | - | €16,264 | +€16,264 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,300 | €8,282 | -€18 | -0.2% |
| Other operating charges | 640/8 | €3,056 | €284 | -€2,773 | -90.7% |
| Gross operating margin | 9900 | €180,506 | €198,463 | +€17,956 | +9.9% |
| Operating profit (loss) | 9901 | €169,151 | €189,897 | +€20,747 | +12.3% |
| Financial income | 75/76B | €17,010 | €11,667 | -€5,343 | -31.4% |
| Recurring financial income | 75 | €17,010 | €11,667 | -€5,343 | -31.4% |
| Financial charges | 65/66B | €122 | €16,477 | +€16,355 | +13,373% |
| Recurring financial charges | 65 | €122 | €16,477 | +€16,355 | +13,373% |
| Profit (loss) for the period before taxes | 9903 | €186,038 | €185,087 | -€951 | -0.5% |
| Income taxes | 67/77 | €45,036 | €56,304 | +€11,268 | +25.0% |
| Profit (loss) for the period | 9904 | €141,002 | €128,783 | -€12,219 | -8.7% |
| Transfer from tax-exempt reserves | 789 | €25,435 | - | -€25,435 | |
| Profit (loss) for the period to be appropriated | 9905 | €166,437 | €128,783 | -€37,654 | -22.6% |
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 22 October 2026 via checked.be.