NEW PAS PAR PAS: 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.
NEW PAS PAR PAS
Largest movements
- Cash -€105,595
down €105,595 (-87.8%), from €120,242 to €14,647
mainly Receivables within one year (-€75,107) and Other debts (-€28,743)
- Receivables within one year +€75,107
up €75,107 (+1,452%), from €5,172 to €80,279
of which Other amounts receivable: +€72,772
- Intangible fixed assets -€2,500
no longer reported in 2025 (was €2,500)
- Deferred charges and accrued income -€1,438
no longer reported in 2025 (was €1,438)
- Other debts -€28,743
no longer reported in 2025 (was €28,743)
- Tax, wage and social debts -€3,949
down €3,949 (-35.1%), from €11,254 to €7,306
of which Remuneration and social security: -€5,881
- Trade debts -€3,829
no longer reported in 2025 (was €3,829)
- Profit (loss) carried forward +€1,625
up €1,625 (+2.3%), from €70,352 to €71,977
- Gross operating margin -€24,876
down €24,876 (-71.5%), from €34,770 to €9,895
- Staff costs -€9,048
no longer reported in 2025 (was €9,048)
- Taxes -€5,352
down €5,352 (-82.2%), from €6,511 to €1,158
- Other operating charges +€3,607
up €3,607 (+1,340%), from €269 to €3,876
- Depreciation -€2,841
down €2,841 (-48.9%), from €5,811 to €2,971
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 | €129,888 | €94,991 | -€34,897 | -26.9% |
| Fixed assets | 21/28 | €3,036 | €65 | -€2,971 | -97.9% |
| Intangible fixed assets | 21 | €2,500 | - | -€2,500 | |
| Tangible fixed assets | 22/27 | €536 | €65 | -€471 | -87.9% |
| Furniture and vehicles | 24 | €536 | €65 | -€471 | -87.9% |
| Current assets | 29/58 | €126,853 | €94,926 | -€31,926 | -25.2% |
| Amounts receivable within one year | 40/41 | €5,172 | €80,279 | +€75,107 | +1,452% |
| Trade receivables | 40 | - | €2,335 | +€2,335 | |
| Other amounts receivable | 41 | €5,172 | €77,944 | +€72,772 | +1,407% |
| Cash at bank and in hand | 54/58 | €120,242 | €14,647 | -€105,595 | -87.8% |
| Deferred charges and accrued income | 490/1 | €1,438 | - | -€1,438 | |
| Total equity and liabilities | 10/49 | €129,888 | €94,991 | -€34,897 | -26.9% |
| Equity | 10/15 | €86,061 | €87,686 | +€1,625 | +1.9% |
| Contributions | 10/11 | €12,215 | €12,215 | = | 0.0% |
| Reserves | 13 | €3,494 | €3,494 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,494 | €1,494 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,494 | €1,494 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,352 | €71,977 | +€1,625 | +2.3% |
| Amounts payable | 17/49 | €43,827 | €7,306 | -€36,522 | -83.3% |
| Amounts payable within one year | 42/48 | €43,827 | €7,306 | -€36,522 | -83.3% |
| Trade debts | 44 | €3,829 | - | -€3,829 | |
| Suppliers | 440/4 | €3,829 | - | -€3,829 | |
| Taxes, remuneration and social security | 45 | €11,254 | €7,306 | -€3,949 | -35.1% |
| Taxes | 450/3 | €5,373 | €7,306 | +€1,932 | +36.0% |
| Remuneration and social security | 454/9 | €5,881 | - | -€5,881 | |
| Other amounts payable | 47/48 | €28,743 | - | -€28,743 | |
| Remuneration, social security and pensions | 62 | €9,048 | - | -€9,048 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,811 | €2,971 | -€2,841 | -48.9% |
| Other operating charges | 640/8 | €269 | €3,876 | +€3,607 | +1,340% |
| Gross operating margin | 9900 | €34,770 | €9,895 | -€24,876 | -71.5% |
| Operating profit (loss) | 9901 | €19,642 | €3,048 | -€16,594 | -84.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,775 | €265 | -€1,511 | -85.1% |
| Recurring financial charges | 65 | €1,775 | €265 | -€1,511 | -85.1% |
| Profit (loss) for the period before taxes | 9903 | €17,867 | €2,783 | -€15,083 | -84.4% |
| Income taxes | 67/77 | €6,511 | €1,158 | -€5,352 | -82.2% |
| Profit (loss) for the period | 9904 | €11,356 | €1,625 | -€9,731 | -85.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,356 | €1,625 | -€9,731 | -85.7% |
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 26 October 2026 via checked.be.