Pasa Electronics: what changed
Pasa Electronics
Largest movements
- Cash -€22,116
down €22,116 (-88.8%), from €24,916 to €2,800
mainly Net result for the year (-€29,259) and Receivables within one year (-€12,055)
- Receivables within one year +€12,055
up €12,055 (+240%), from €5,018 to €17,073
of which Trade receivables: +€13,073
- Stocks and contracts -€8,222
down €8,222 (-38.1%), from €21,594 to €13,372
of which Contracts in progress: -€13,207
- Tangible fixed assets -€1,228
down €1,228 (-32.0%), from €3,834 to €2,607
of which Furniture and vehicles: -€922
- Profit (loss) carried forward -€29,259
down €29,259 (-377%), from -€7,753 to -€37,012
- Other debts +€15,141
up €15,141 (+85.6%), from €17,692 to €32,833
- Tax, wage and social debts -€5,995
down €5,995 (-73.9%), from €8,109 to €2,114
of which Remuneration and social security: -€3,600
- Trade debts +€603
up €603 (+526%), from €115 to €718
- Gross operating margin -€20,067
down €20,067 (-293%), from -€6,838 to -€26,904
- Depreciation +€726
up €726 (+145%), from €502 to €1,228
- Other operating charges +€698
up €698 (+330%), from €212 to €910
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €55,363 | €35,852 | -€19,510 | -35.2% |
| Fixed assets | 21/28 | €3,834 | €2,607 | -€1,228 | -32.0% |
| Tangible fixed assets | 22/27 | €3,834 | €2,607 | -€1,228 | -32.0% |
| Plant, machinery and equipment | 23 | €1,305 | €1,000 | -€306 | -23.4% |
| Furniture and vehicles | 24 | €2,529 | €1,607 | -€922 | -36.5% |
| Current assets | 29/58 | €51,528 | €33,246 | -€18,283 | -35.5% |
| Stocks and contracts in progress | 3 | €21,594 | €13,372 | -€8,222 | -38.1% |
| Stocks | 30/36 | €5,587 | €10,572 | +€4,985 | +89.2% |
| Contracts in progress | 37 | €16,007 | €2,800 | -€13,207 | -82.5% |
| Amounts receivable within one year | 40/41 | €5,018 | €17,073 | +€12,055 | +240% |
| Trade receivables | 40 | €2,500 | €15,573 | +€13,073 | +523% |
| Other amounts receivable | 41 | €2,518 | €1,500 | -€1,018 | -40.4% |
| Cash at bank and in hand | 54/58 | €24,916 | €2,800 | -€22,116 | -88.8% |
| Total equity and liabilities | 10/49 | €55,363 | €35,852 | -€19,510 | -35.2% |
| Equity | 10/15 | €29,447 | €188 | -€29,259 | -99.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €31,000 | €31,000 | = | 0.0% |
| Distributable reserves | 133 | €31,000 | €31,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,753 | -€37,012 | -€29,259 | -377% |
| Amounts payable | 17/49 | €25,916 | €35,665 | +€9,749 | +37.6% |
| Amounts payable within one year | 42/48 | €25,916 | €35,665 | +€9,749 | +37.6% |
| Trade debts | 44 | €115 | €718 | +€603 | +526% |
| Suppliers | 440/4 | €115 | €718 | +€603 | +526% |
| Taxes, remuneration and social security | 45 | €8,109 | €2,114 | -€5,995 | -73.9% |
| Taxes | 450/3 | €4,509 | €2,114 | -€2,395 | -53.1% |
| Remuneration and social security | 454/9 | €3,600 | - | -€3,600 | |
| Other amounts payable | 47/48 | €17,692 | €32,833 | +€15,141 | +85.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €502 | €1,228 | +€726 | +145% |
| Other operating charges | 640/8 | €212 | €910 | +€698 | +330% |
| Gross operating margin | 9900 | -€6,838 | -€26,904 | -€20,067 | -293% |
| Operating profit (loss) | 9901 | -€7,551 | -€29,042 | -€21,491 | -285% |
| Financial charges | 65/66B | €242 | €218 | -€24 | -10.1% |
| Recurring financial charges | 65 | €242 | €218 | -€24 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | -€7,793 | -€29,259 | -€21,466 | -275% |
| Income taxes | 67/77 | -€2 | - | +€2 | |
| Profit (loss) for the period | 9904 | -€7,792 | -€29,259 | -€21,468 | -276% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,792 | -€29,259 | -€21,468 | -276% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.