Verbrugge Pascal & Associés: what changed
Verbrugge Pascal & Associés
Largest movements
- Cash +€162,688
up €162,688 (+139%), from €116,961 to €279,648
mainly Net result for the year (+€104,168) and Current investments (+€49,012)
- Current investments -€49,012
down €49,012 (-47.5%), from €103,200 to €54,189
- Tangible fixed assets -€29,603
down €29,603 (-21.7%), from €136,334 to €106,731
of which Plant, machinery and equipment: -€26,287
- Deferred charges and accrued income -€11,398
down €11,398 (-61.6%), from €18,501 to €7,103
- Receivables within one year +€6,812
up €6,812 (+26.7%), from €25,540 to €32,352
of which Other amounts receivable: +€3,815
- Reserves +€99,702
up €99,702 (+42.3%), from €235,732 to €335,433
- Debts after one year -€13,650
down €13,650 (-56.3%), from €24,261 to €10,611
- Tax, wage and social debts -€11,173
down €11,173 (-40.7%), from €27,474 to €16,301
- Trade debts +€4,809
up €4,809 (+18.1%), from €26,517 to €31,326
- Gross operating margin +€67,468
up €67,468 (+52.1%), from €129,520 to €196,989
- Taxes +€27,956
up €27,956 (+88.9%), from €31,451 to €59,407
- Depreciation -€4,975
down €4,975 (-14.4%), from €34,578 to €29,603
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €400,537 | €480,024 | +€79,487 | +19.8% |
| Fixed assets | 21/28 | €136,334 | €106,731 | -€29,603 | -21.7% |
| Tangible fixed assets | 22/27 | €136,334 | €106,731 | -€29,603 | -21.7% |
| Land and buildings | 22 | €15,111 | €14,890 | -€220 | -1.5% |
| Plant, machinery and equipment | 23 | €113,541 | €87,254 | -€26,287 | -23.2% |
| Furniture and vehicles | 24 | €7,683 | €4,587 | -€3,096 | -40.3% |
| Current assets | 29/58 | €264,202 | €373,292 | +€109,090 | +41.3% |
| Amounts receivable within one year | 40/41 | €25,540 | €32,352 | +€6,812 | +26.7% |
| Trade receivables | 40 | €25,540 | €28,537 | +€2,997 | +11.7% |
| Other amounts receivable | 41 | - | €3,815 | +€3,815 | |
| Current investments | 50/53 | €103,200 | €54,189 | -€49,012 | -47.5% |
| Cash at bank and in hand | 54/58 | €116,961 | €279,648 | +€162,688 | +139% |
| Deferred charges and accrued income | 490/1 | €18,501 | €7,103 | -€11,398 | -61.6% |
| Total equity and liabilities | 10/49 | €400,537 | €480,024 | +€79,487 | +19.8% |
| Equity | 10/15 | €260,599 | €360,301 | +€99,702 | +38.3% |
| Contributions | 10/11 | €18,100 | €18,100 | = | 0.0% |
| Reserves | 13 | €235,732 | €335,433 | +€99,702 | +42.3% |
| Distributable reserves | 133 | €235,732 | €335,433 | +€99,702 | +42.3% |
| Profit (loss) carried forward | 14 | €6,768 | €6,768 | = | 0.0% |
| Amounts payable | 17/49 | €139,937 | €119,723 | -€20,215 | -14.4% |
| Amounts payable after more than one year | 17 | €24,261 | €10,611 | -€13,650 | -56.3% |
| Financial debts | 170/4 | €24,261 | €10,611 | -€13,650 | -56.3% |
| Amounts payable within one year | 42/48 | €115,460 | €109,111 | -€6,348 | -5.5% |
| Current portion of amounts payable after more than one year | 42 | €13,101 | €13,650 | +€549 | +4.2% |
| Trade debts | 44 | €26,517 | €31,326 | +€4,809 | +18.1% |
| Suppliers | 440/4 | €26,517 | €31,326 | +€4,809 | +18.1% |
| Taxes, remuneration and social security | 45 | €27,474 | €16,301 | -€11,173 | -40.7% |
| Taxes | 450/3 | €27,474 | €16,301 | -€11,173 | -40.7% |
| Other amounts payable | 47/48 | €48,368 | €47,835 | -€533 | -1.1% |
| Accrued charges and deferred income | 492/3 | €217 | - | -€217 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,578 | €29,603 | -€4,975 | -14.4% |
| Other operating charges | 640/8 | €1,852 | €1,975 | +€123 | +6.6% |
| Gross operating margin | 9900 | €129,520 | €196,989 | +€67,468 | +52.1% |
| Operating profit (loss) | 9901 | €93,090 | €165,411 | +€72,321 | +77.7% |
| Financial income | 75/76B | €3,200 | €3,483 | +€283 | +8.8% |
| Recurring financial income | 75 | €3,200 | €3,483 | +€283 | +8.8% |
| Financial charges | 65/66B | €5,704 | €5,319 | -€385 | -6.8% |
| Recurring financial charges | 65 | €5,704 | €5,319 | -€385 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €90,586 | €163,575 | +€72,989 | +80.6% |
| Income taxes | 67/77 | €31,451 | €59,407 | +€27,956 | +88.9% |
| Profit (loss) for the period | 9904 | €59,135 | €104,168 | +€45,033 | +76.2% |
| Profit (loss) for the period to be appropriated | 9905 | €59,135 | €104,168 | +€45,033 | +76.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.