Pas Engineering: 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 Engineering
Largest movements
- Cash -€32,904
down €32,904 (-56.5%), from €58,232 to €25,328
mainly Net result for the year (-€19,010) and Other debts (-€12,893)
- Tangible fixed assets -€8,863
down €8,863 (-32.5%), from €27,258 to €18,395
- Receivables within one year -€3,704
down €3,704 (-33.5%), from €11,061 to €7,357
of which Trade receivables: -€9,072
- Reserves -€19,010
down €19,010 (-82.7%), from €22,992 to €3,982
- Other debts -€12,893
down €12,893 (-38.0%), from €33,927 to €21,034
- Current portion of long-term debt -€4,972
down €4,972 (-55.6%), from €8,943 to €3,971
- Debts after one year -€4,260
no longer reported in 2025 (was €4,260)
- Tax, wage and social debts -€3,102
down €3,102 (-48.9%), from €6,347 to €3,245
- Gross operating margin -€47,441
down €47,441, from €44,508 to -€2,933
- Taxes -€6,180
down €6,180 (-97.9%), from €6,312 to €132
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 | €96,551 | €51,080 | -€45,471 | -47.1% |
| Fixed assets | 21/28 | €27,258 | €18,395 | -€8,863 | -32.5% |
| Tangible fixed assets | 22/27 | €27,258 | €18,395 | -€8,863 | -32.5% |
| Furniture and vehicles | 24 | €27,258 | €18,395 | -€8,863 | -32.5% |
| Current assets | 29/58 | €69,293 | €32,685 | -€36,608 | -52.8% |
| Amounts receivable within one year | 40/41 | €11,061 | €7,357 | -€3,704 | -33.5% |
| Trade receivables | 40 | €10,372 | €1,300 | -€9,072 | -87.5% |
| Other amounts receivable | 41 | €688 | €6,056 | +€5,368 | +780% |
| Cash at bank and in hand | 54/58 | €58,232 | €25,328 | -€32,904 | -56.5% |
| Total equity and liabilities | 10/49 | €96,551 | €51,080 | -€45,471 | -47.1% |
| Equity | 10/15 | €41,592 | €22,582 | -€19,010 | -45.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €22,992 | €3,982 | -€19,010 | -82.7% |
| Distributable reserves | 133 | €22,992 | €3,982 | -€19,010 | -82.7% |
| Amounts payable | 17/49 | €54,959 | €28,498 | -€26,461 | -48.1% |
| Amounts payable after more than one year | 17 | €4,260 | - | -€4,260 | |
| Financial debts | 170/4 | €4,260 | - | -€4,260 | |
| Amounts payable within one year | 42/48 | €50,699 | €28,498 | -€22,201 | -43.8% |
| Current portion of amounts payable after more than one year | 42 | €8,943 | €3,971 | -€4,972 | -55.6% |
| Trade debts | 44 | €1,482 | €249 | -€1,233 | -83.2% |
| Suppliers | 440/4 | €1,482 | €249 | -€1,233 | -83.2% |
| Taxes, remuneration and social security | 45 | €6,347 | €3,245 | -€3,102 | -48.9% |
| Taxes | 450/3 | €6,347 | €3,245 | -€3,102 | -48.9% |
| Other amounts payable | 47/48 | €33,927 | €21,034 | -€12,893 | -38.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,746 | €12,059 | +€314 | +2.7% |
| Other operating charges | 640/8 | €1,336 | €1,379 | +€43 | +3.2% |
| Gross operating margin | 9900 | €44,508 | -€2,933 | -€47,441 | |
| Operating profit (loss) | 9901 | €31,426 | -€16,372 | -€47,798 | |
| Financial charges | 65/66B | €2,564 | €2,506 | -€58 | -2.3% |
| Recurring financial charges | 65 | €2,564 | €2,506 | -€58 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | €28,862 | -€18,878 | -€47,740 | |
| Income taxes | 67/77 | €6,312 | €132 | -€6,180 | -97.9% |
| Profit (loss) for the period | 9904 | €22,550 | -€19,010 | -€41,560 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,550 | -€19,010 | -€41,560 |
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 17 October 2026 via checked.be.