Pas De Mots: 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.
Pas De Mots
Largest movements
- Receivables within one year -€68,668
down €68,668 (-62.6%), from €109,747 to €41,079
of which Trade receivables: -€94,071
- Cash +€10,637
up €10,637 (+15.7%), from €67,746 to €78,383
mainly Receivables within one year (+€68,668) and Depreciation (+€29,540)
- Tax, wage and social debts -€47,047
down €47,047 (-96.6%), from €48,706 to €1,659
of which Taxes: -€43,936
- Trade debts -€19,401
down €19,401 (-90.3%), from €21,496 to €2,095
- Other debts +€5,074
up €5,074 (+16.6%), from €30,499 to €35,572
- Gross operating margin -€155,680
down €155,680 (-83.7%), from €185,946 to €30,266
- Taxes -€49,431
down €49,431 (-97.1%), from €50,918 to €1,487
- Depreciation +€5,890
up €5,890 (+24.9%), from €23,650 to €29,540
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 | €482,267 | €418,233 | -€64,034 | -13.3% |
| Fixed assets | 21/28 | €242,551 | €237,991 | -€4,560 | -1.9% |
| Tangible fixed assets | 22/27 | €242,551 | €237,991 | -€4,560 | -1.9% |
| Land and buildings | 22 | €221,251 | €204,705 | -€16,545 | -7.5% |
| Plant, machinery and equipment | 23 | €9,518 | €7,139 | -€2,380 | -25.0% |
| Furniture and vehicles | 24 | €11,782 | €26,147 | +€14,365 | +122% |
| Current assets | 29/58 | €239,715 | €180,242 | -€59,473 | -24.8% |
| Amounts receivable after more than one year | 29 | €60,000 | €60,000 | = | 0.0% |
| Other amounts receivable | 291 | €60,000 | €60,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €109,747 | €41,079 | -€68,668 | -62.6% |
| Trade receivables | 40 | €102,257 | €8,186 | -€94,071 | -92.0% |
| Other amounts receivable | 41 | €7,490 | €32,893 | +€25,403 | +339% |
| Cash at bank and in hand | 54/58 | €67,746 | €78,383 | +€10,637 | +15.7% |
| Deferred charges and accrued income | 490/1 | €2,223 | €780 | -€1,442 | -64.9% |
| Total equity and liabilities | 10/49 | €482,267 | €418,233 | -€64,034 | -13.3% |
| Equity | 10/15 | €381,566 | €378,908 | -€2,658 | -0.7% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €211,389 | €211,389 | = | 0.0% |
| Distributable reserves | 133 | €211,389 | €211,389 | = | 0.0% |
| Profit (loss) carried forward | 14 | €151,427 | €148,769 | -€2,658 | -1.8% |
| Amounts payable | 17/49 | €100,701 | €39,326 | -€61,375 | -60.9% |
| Amounts payable within one year | 42/48 | €100,701 | €39,326 | -€61,375 | -60.9% |
| Trade debts | 44 | €21,496 | €2,095 | -€19,401 | -90.3% |
| Suppliers | 440/4 | €21,496 | €2,095 | -€19,401 | -90.3% |
| Taxes, remuneration and social security | 45 | €48,706 | €1,659 | -€47,047 | -96.6% |
| Taxes | 450/3 | €45,595 | €1,659 | -€43,936 | -96.4% |
| Remuneration and social security | 454/9 | €3,111 | €0 | -€3,111 | -100% |
| Other amounts payable | 47/48 | €30,499 | €35,572 | +€5,074 | +16.6% |
| Non-recurring operating income | 76A | - | €12,000 | +€12,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,650 | €29,540 | +€5,890 | +24.9% |
| Other operating charges | 640/8 | €4,503 | €3,182 | -€1,322 | -29.4% |
| Gross operating margin | 9900 | €185,946 | €30,266 | -€155,680 | -83.7% |
| Operating profit (loss) | 9901 | €157,793 | -€2,456 | -€160,249 | |
| Financial income | 75/76B | €1,816 | €2,747 | +€931 | +51.2% |
| Recurring financial income | 75 | €1,816 | €2,747 | +€931 | +51.2% |
| Financial charges | 65/66B | €1,604 | €1,463 | -€141 | -8.8% |
| Recurring financial charges | 65 | €1,604 | €1,463 | -€141 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €158,005 | -€1,172 | -€159,177 | |
| Income taxes | 67/77 | €50,918 | €1,487 | -€49,431 | -97.1% |
| Profit (loss) for the period | 9904 | €107,088 | -€2,658 | -€109,746 | |
| Profit (loss) for the period to be appropriated | 9905 | €107,088 | -€2,658 | -€109,746 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.