P.A.S. & C°: 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.
P.A.S. & C°
Largest movements
- Financial fixed assets +€189,834
new in 2024: €189,834
- Receivables within one year -€69,332
down €69,332 (-80.2%), from €86,464 to €17,131
of which Trade receivables: -€69,332
- Cash -€41,082
down €41,082 (-40.1%), from €102,382 to €61,300
mainly Investment in fixed assets (net) (-€196,008) and Debts after one year (-€85,105)
- Tangible fixed assets -€10,074
down €10,074 (-12.6%), from €79,901 to €69,827
of which Furniture and vehicles: -€9,758
- Profit (loss) carried forward +€111,624
no longer reported in 2024 (was -€111,624)
- Debts after one year -€85,105
down €85,105 (-17.4%), from €489,826 to €404,721
of which Other amounts payable: -€71,440
- Tax, wage and social debts +€36,408
up €36,408 (+205%), from €17,766 to €54,175
of which Taxes: +€34,816
- Reserves +€31,137
up €31,137 (+457%), from €6,817 to €37,954
of which Distributable reserves: +€31,137
- Trade debts -€24,718
down €24,718 (-93.1%), from €26,554 to €1,837
- Gross operating margin +€160,147
up €160,147 (+307%), from €52,102 to €212,249
- Taxes +€36,274
up €36,274 (+2,701%), from €1,343 to €37,617
- Financial income -€2,235
down €2,235 (-38.8%), from €5,760 to €3,525
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €462,805 | €532,151 | +€69,346 | +15.0% |
| Fixed assets | 21/28 | €79,901 | €259,661 | +€179,760 | +225% |
| Tangible fixed assets | 22/27 | €79,901 | €69,827 | -€10,074 | -12.6% |
| Plant, machinery and equipment | 23 | €1,582 | €1,265 | -€316 | -20.0% |
| Furniture and vehicles | 24 | €78,319 | €68,562 | -€9,758 | -12.5% |
| Financial fixed assets | 28 | - | €189,834 | +€189,834 | |
| Current assets | 29/58 | €382,904 | €272,490 | -€110,414 | -28.8% |
| Amounts receivable after more than one year | 29 | €194,059 | €194,059 | = | 0.0% |
| Other amounts receivable | 291 | €194,059 | €194,059 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €86,464 | €17,131 | -€69,332 | -80.2% |
| Trade receivables | 40 | €86,323 | €16,991 | -€69,332 | -80.3% |
| Other amounts receivable | 41 | €141 | €141 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €102,382 | €61,300 | -€41,082 | -40.1% |
| Total equity and liabilities | 10/49 | €462,805 | €532,151 | +€69,346 | +15.0% |
| Equity | 10/15 | -€71,342 | €71,419 | +€142,761 | |
| Contributions | 10/11 | €33,466 | €33,466 | = | 0.0% |
| Reserves | 13 | €6,817 | €37,954 | +€31,137 | +457% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Distributable reserves | 133 | €6,197 | €37,334 | +€31,137 | +502% |
| Profit (loss) carried forward | 14 | -€111,624 | - | +€111,624 | |
| Amounts payable | 17/49 | €534,147 | €460,732 | -€73,415 | -13.7% |
| Amounts payable after more than one year | 17 | €489,826 | €404,721 | -€85,105 | -17.4% |
| Financial debts | 170/4 | €69,008 | €55,343 | -€13,665 | -19.8% |
| Other amounts payable | 178/9 | €420,818 | €349,378 | -€71,440 | -17.0% |
| Amounts payable within one year | 42/48 | €44,321 | €56,011 | +€11,690 | +26.4% |
| Trade debts | 44 | €26,554 | €1,837 | -€24,718 | -93.1% |
| Suppliers | 440/4 | €26,554 | €1,837 | -€24,718 | -93.1% |
| Taxes, remuneration and social security | 45 | €17,766 | €54,175 | +€36,408 | +205% |
| Taxes | 450/3 | €8,748 | €43,565 | +€34,816 | +398% |
| Remuneration and social security | 454/9 | €9,018 | €10,610 | +€1,592 | +17.7% |
| Remuneration, social security and pensions | 62 | €16,742 | €15,209 | -€1,533 | -9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,030 | €16,248 | -€1,781 | -9.9% |
| Other operating charges | 640/8 | €2,980 | €2,037 | -€943 | -31.7% |
| Gross operating margin | 9900 | €52,102 | €212,249 | +€160,147 | +307% |
| Operating profit (loss) | 9901 | €14,350 | €178,755 | +€164,405 | +1,146% |
| Financial income | 75/76B | €5,760 | €3,525 | -€2,235 | -38.8% |
| Recurring financial income | 75 | €5,760 | €3,525 | -€2,235 | -38.8% |
| Financial charges | 65/66B | €1,978 | €1,902 | -€76 | -3.8% |
| Recurring financial charges | 65 | €1,978 | €1,902 | -€76 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | €18,132 | €180,378 | +€162,245 | +895% |
| Income taxes | 67/77 | €1,343 | €37,617 | +€36,274 | +2,701% |
| Profit (loss) for the period | 9904 | €16,789 | €142,761 | +€125,972 | +750% |
| Profit (loss) for the period to be appropriated | 9905 | €16,789 | €142,761 | +€125,972 | +750% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.