Pas à Pas: what changed
Two fiscal 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.
Pas à Pas
Largest movements
- Receivables within one year -€15,072
down €15,072 (-19.0%), from €79,236 to €64,164
of which Trade receivables: -€13,117
- Deferred charges and accrued income +€6,253
new in 2025: €6,253
- Stocks and contracts +€2,395
up €2,395 (+252.1%), from €950 to €3,345
- Tangible fixed assets +€1,193
up €1,193 (+29.8%), from €3,995 to €5,188
- Other debts -€21,960
down €21,960 (-99.3%), from €22,110 to €150
- Profit (loss) carried forward +€14,654
up €14,654 (+27.4%), from €53,549 to €68,203
- Trade debts +€1,611
up €1,611 (+15.4%), from €10,457 to €12,068
- Gross operating margin -€14,914
down €14,914 (-42.6%), from €34,971 to €20,056
- Taxes +€3,082
up €3,082, from €0 to €3,082
- Depreciation +€490
up €490 (+59.9%), from €818 to €1,307
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.
Cash bridge derived
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 | €89,912 | €84,602 | -€5,310 | -5.9% |
| Fixed assets | 21/28 | €3,995 | €5,188 | +€1,193 | +29.8% |
| Tangible fixed assets | 22/27 | €3,995 | €5,188 | +€1,193 | +29.8% |
| Furniture and vehicles | 24 | €3,995 | €5,188 | +€1,193 | +29.8% |
| Current assets | 29/58 | €85,917 | €79,415 | -€6,502 | -7.6% |
| Stocks and contracts in progress | 3 | €950 | €3,345 | +€2,395 | +252.1% |
| Stocks | 30/36 | €950 | €3,345 | +€2,395 | +252.1% |
| Amounts receivable within one year | 40/41 | €79,236 | €64,164 | -€15,072 | -19.0% |
| Trade receivables | 40 | €13,117 | €0 | -€13,117 | -100.0% |
| Other amounts receivable | 41 | €66,119 | €64,164 | -€1,955 | -3.0% |
| Cash at bank and in hand | 54/58 | €5,731 | €5,653 | -€78 | -1.4% |
| Deferred charges and accrued income | 490/1 | - | €6,253 | +€6,253 | |
| Total equity and liabilities | 10/49 | €89,912 | €84,602 | -€5,310 | -5.9% |
| Equity | 10/15 | €54,649 | €69,303 | +€14,654 | +26.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €100 | €100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,549 | €68,203 | +€14,654 | +27.4% |
| Amounts payable | 17/49 | €35,263 | €15,300 | -€19,963 | -56.6% |
| Amounts payable within one year | 42/48 | €35,263 | €15,300 | -€19,963 | -56.6% |
| Trade debts | 44 | €10,457 | €12,068 | +€1,611 | +15.4% |
| Suppliers | 440/4 | €10,457 | €12,068 | +€1,611 | +15.4% |
| Taxes, remuneration and social security | 45 | €2,696 | €3,082 | +€386 | +14.3% |
| Taxes | 450/3 | €2,696 | €3,082 | +€386 | +14.3% |
| Other amounts payable | 47/48 | €22,110 | €150 | -€21,960 | -99.3% |
| Remuneration, social security and pensions | 62 | €182 | €0 | -€182 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €818 | €1,307 | +€490 | +59.9% |
| Other operating charges | 640/8 | €387 | €545 | +€158 | +40.8% |
| Gross operating margin | 9900 | €34,971 | €20,056 | -€14,914 | -42.6% |
| Operating profit (loss) | 9901 | €33,584 | €18,203 | -€15,381 | -45.8% |
| Financial income | 75/76B | €0 | €17 | +€17 | +6700.0% |
| Recurring financial income | 75 | €0 | €17 | +€17 | +6700.0% |
| Financial charges | 65/66B | €186 | €485 | +€299 | +160.2% |
| Recurring financial charges | 65 | €186 | €485 | +€299 | +160.2% |
| Profit (loss) for the period before taxes | 9903 | €33,398 | €17,736 | -€15,662 | -46.9% |
| Income taxes | 67/77 | €0 | €3,082 | +€3,082 | |
| Profit (loss) for the period | 9904 | €33,398 | €14,654 | -€18,744 | -56.1% |
| Profit (loss) for the period to be appropriated | 9905 | €33,398 | €14,654 | -€18,744 | -56.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.