PAS TOUT: 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 TOUT
Largest movements
- Receivables within one year -€10,421
down €10,421 (-50.2%), from €20,744 to €10,324
of which Trade receivables: -€10,960
- Cash +€3,832
up €3,832 (+9.7%), from €39,600 to €43,432
mainly Receivables within one year (+€10,421) and Net result for the year (+€7,253)
- Tangible fixed assets -€2,501
down €2,501 (-13.6%), from €18,405 to €15,903
of which Land and buildings: -€1,354
- Profit (loss) carried forward -€10,270
down €10,270 (-59.6%), from €17,225 to €6,954
- Reserves +€3,241
up €3,241 (+8.9%), from €36,434 to €39,675
of which Distributable reserves: +€3,241
- Tax, wage and social debts -€1,815
down €1,815 (-58.6%), from €3,095 to €1,280
- Other debts -€851
down €851 (-26.6%), from €3,198 to €2,347
- Gross operating margin -€7,956
down €7,956 (-33.6%), from €23,666 to €15,711
- Taxes -€1,493
down €1,493 (-24.9%), from €6,005 to €4,512
- Depreciation -€1,219
down €1,219 (-32.8%), from €3,720 to €2,501
- Other operating charges -€293
down €293 (-61.1%), from €480 to €187
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 | €81,421 | €72,052 | -€9,370 | -11.5% |
| Fixed assets | 21/28 | €18,538 | €16,037 | -€2,501 | -13.5% |
| Tangible fixed assets | 22/27 | €18,405 | €15,903 | -€2,501 | -13.6% |
| Land and buildings | 22 | €12,565 | €11,211 | -€1,354 | -10.8% |
| Plant, machinery and equipment | 23 | €2,294 | €1,642 | -€652 | -28.4% |
| Furniture and vehicles | 24 | €730 | €235 | -€495 | -67.8% |
| Other tangible fixed assets | 26 | €2,815 | €2,815 | = | 0.0% |
| Financial fixed assets | 28 | €134 | €134 | = | 0.0% |
| Current assets | 29/58 | €62,883 | €56,015 | -€6,868 | -10.9% |
| Amounts receivable within one year | 40/41 | €20,744 | €10,324 | -€10,421 | -50.2% |
| Trade receivables | 40 | €20,744 | €9,784 | -€10,960 | -52.8% |
| Other amounts receivable | 41 | - | €540 | +€540 | |
| Cash at bank and in hand | 54/58 | €39,600 | €43,432 | +€3,832 | +9.7% |
| Deferred charges and accrued income | 490/1 | €2,539 | €2,259 | -€280 | -11.0% |
| Total equity and liabilities | 10/49 | €81,421 | €72,052 | -€9,370 | -11.5% |
| Equity | 10/15 | €72,250 | €65,221 | -€7,029 | -9.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €36,434 | €39,675 | +€3,241 | +8.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €36,434 | €39,675 | +€3,241 | +8.9% |
| Profit (loss) carried forward | 14 | €17,225 | €6,954 | -€10,270 | -59.6% |
| Amounts payable | 17/49 | €9,171 | €6,830 | -€2,341 | -25.5% |
| Amounts payable within one year | 42/48 | €9,171 | €6,830 | -€2,341 | -25.5% |
| Trade debts | 44 | €2,878 | €3,203 | +€325 | +11.3% |
| Suppliers | 440/4 | €2,878 | €3,203 | +€325 | +11.3% |
| Taxes, remuneration and social security | 45 | €3,095 | €1,280 | -€1,815 | -58.6% |
| Taxes | 450/3 | €3,095 | €1,280 | -€1,815 | -58.6% |
| Other amounts payable | 47/48 | €3,198 | €2,347 | -€851 | -26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,720 | €2,501 | -€1,219 | -32.8% |
| Other operating charges | 640/8 | €480 | €187 | -€293 | -61.1% |
| Gross operating margin | 9900 | €23,666 | €15,711 | -€7,956 | -33.6% |
| Operating profit (loss) | 9901 | €19,466 | €13,022 | -€6,443 | -33.1% |
| Financial income | 75/76B | €97 | €171 | +€74 | +76.9% |
| Recurring financial income | 75 | €97 | €171 | +€74 | +76.9% |
| Financial charges | 65/66B | €1,598 | €1,429 | -€169 | -10.6% |
| Recurring financial charges | 65 | €1,598 | €1,429 | -€169 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €17,964 | €11,764 | -€6,200 | -34.5% |
| Income taxes | 67/77 | €6,005 | €4,512 | -€1,493 | -24.9% |
| Profit (loss) for the period | 9904 | €11,960 | €7,253 | -€4,707 | -39.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,960 | €7,253 | -€4,707 | -39.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.