VANREEPINGHEN PASCAL: 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.
VANREEPINGHEN PASCAL
Largest movements
- Cash +€49,174
up €49,174 (+173%), from €28,459 to €77,632
mainly Other debts (+€76,375) and Depreciation (+€61,610)
- Tangible fixed assets -€49,121
down €49,121 (-13.2%), from €370,947 to €321,826
of which Furniture and vehicles: -€35,674
- Receivables within one year -€41,999
down €41,999 (-38.8%), from €108,333 to €66,334
of which Other amounts receivable: -€43,975
- Stocks and contracts +€15,164
up €15,164 (+203%), from €7,453 to €22,616
- Other debts +€76,375
new in 2025: €76,375
- Debts after one year -€62,244
down €62,244 (-37.8%), from €164,613 to €102,369
- Reserves -€61,901
down €61,901 (-27.3%), from €226,939 to €165,038
of which Distributable reserves: -€57,101
- Trade debts +€12,438
up €12,438 (+55.0%), from €22,603 to €35,041
- Tax, wage and social debts +€5,973
up €5,973 (+25.4%), from €23,544 to €29,517
of which Taxes: +€7,880
- Gross operating margin +€39,552
up €39,552 (+40.1%), from €98,620 to €138,172
- Staff costs +€14,796
up €14,796 (+39.1%), from €37,818 to €52,613
- Taxes +€7,021
up €7,021 (+628%), from €1,118 to €8,140
- Financial income -€2,432
down €2,432 (-34.5%), from €7,043 to €4,611
- Financial charges -€1,849
down €1,849 (-22.7%), from €8,130 to €6,281
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 | €526,083 | €497,494 | -€28,588 | -5.4% |
| Fixed assets | 21/28 | €371,947 | €322,826 | -€49,121 | -13.2% |
| Tangible fixed assets | 22/27 | €370,947 | €321,826 | -€49,121 | -13.2% |
| Land and buildings | 22 | €200,072 | €192,072 | -€8,000 | -4.0% |
| Plant, machinery and equipment | 23 | €51,547 | €46,101 | -€5,447 | -10.6% |
| Furniture and vehicles | 24 | €119,328 | €83,654 | -€35,674 | -29.9% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €154,135 | €174,668 | +€20,533 | +13.3% |
| Stocks and contracts in progress | 3 | €7,453 | €22,616 | +€15,164 | +203% |
| Stocks | 30/36 | €7,453 | €22,616 | +€15,164 | +203% |
| Amounts receivable within one year | 40/41 | €108,333 | €66,334 | -€41,999 | -38.8% |
| Trade receivables | 40 | €13,090 | €15,066 | +€1,976 | +15.1% |
| Other amounts receivable | 41 | €95,243 | €51,268 | -€43,975 | -46.2% |
| Cash at bank and in hand | 54/58 | €28,459 | €77,632 | +€49,174 | +173% |
| Deferred charges and accrued income | 490/1 | €9,891 | €8,085 | -€1,806 | -18.3% |
| Total equity and liabilities | 10/49 | €526,083 | €497,494 | -€28,588 | -5.4% |
| Equity | 10/15 | €251,939 | €190,038 | -€61,901 | -24.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €226,939 | €165,038 | -€61,901 | -27.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €12,441 | €7,641 | -€4,800 | -38.6% |
| Distributable reserves | 133 | €214,498 | €157,397 | -€57,101 | -26.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €3,110 | €1,910 | -€1,200 | -38.6% |
| Deferred taxes | 168 | €3,110 | €1,910 | -€1,200 | -38.6% |
| Amounts payable | 17/49 | €271,033 | €305,546 | +€34,513 | +12.7% |
| Amounts payable after more than one year | 17 | €164,613 | €102,369 | -€62,244 | -37.8% |
| Financial debts | 170/4 | €164,613 | €102,369 | -€62,244 | -37.8% |
| Amounts payable within one year | 42/48 | €106,421 | €203,178 | +€96,757 | +90.9% |
| Current portion of amounts payable after more than one year | 42 | €60,273 | €62,244 | +€1,971 | +3.3% |
| Trade debts | 44 | €22,603 | €35,041 | +€12,438 | +55.0% |
| Suppliers | 440/4 | €22,603 | €35,041 | +€12,438 | +55.0% |
| Taxes, remuneration and social security | 45 | €23,544 | €29,517 | +€5,973 | +25.4% |
| Taxes | 450/3 | €20,339 | €28,220 | +€7,880 | +38.7% |
| Remuneration and social security | 454/9 | €3,205 | €1,298 | -€1,907 | -59.5% |
| Other amounts payable | 47/48 | - | €76,375 | +€76,375 | |
| Remuneration, social security and pensions | 62 | €37,818 | €52,613 | +€14,796 | +39.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,104 | €61,610 | -€494 | -0.8% |
| Other operating charges | 640/8 | €1,597 | €864 | -€733 | -45.9% |
| Gross operating margin | 9900 | €98,620 | €138,172 | +€39,552 | +40.1% |
| Operating profit (loss) | 9901 | -€2,899 | €23,084 | +€25,983 | |
| Financial income | 75/76B | €7,043 | €4,611 | -€2,432 | -34.5% |
| Recurring financial income | 75 | €7,043 | €4,611 | -€2,432 | -34.5% |
| Financial charges | 65/66B | €8,130 | €6,281 | -€1,849 | -22.7% |
| Recurring financial charges | 65 | €8,130 | €6,281 | -€1,849 | -22.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,987 | €21,414 | +€25,401 | |
| Transfer from deferred taxes | 780 | €1,200 | €1,200 | = | 0.0% |
| Income taxes | 67/77 | €1,118 | €8,140 | +€7,021 | +628% |
| Profit (loss) for the period | 9904 | -€3,905 | €14,474 | +€18,379 | |
| Transfer from tax-exempt reserves | 789 | €4,800 | €4,800 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €895 | €19,274 | +€18,379 | +2,053% |
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 14 October 2026 via checked.be.