PASA PRODUCTION: 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.
PASA PRODUCTION
Largest movements
- Financial fixed assets +€200,000
up €200,000 (+16.1%), from €1.2m to €1.4m
- Receivables within one year -€64,821
down €64,821 (-42.6%), from €152,155 to €87,334
of which Other amounts receivable: -€45,074
- Deferred charges and accrued income +€18,000
new in 2025: €18,000
- Trade debts +€194,113
up €194,113 (+76.3%), from €254,370 to €448,483
- Tax, wage and social debts -€57,260
down €57,260 (-72.6%), from €78,836 to €21,577
of which Taxes: -€47,269
- Profit (loss) carried forward +€23,166
up €23,166 (+26.1%), from €88,744 to €111,910
- Gross operating margin -€324,303
down €324,303 (-76.9%), from €421,737 to €97,434
- Staff costs -€117,767
down €117,767 (-63.8%), from €184,506 to €66,740
- Taxes -€39,275
down €39,275 (-85.6%), from €45,909 to €6,633
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 | €1,394,749 | €1,553,808 | +€159,059 | +11.4% |
| Fixed assets | 21/28 | €1,240,568 | €1,440,278 | +€199,710 | +16.1% |
| Tangible fixed assets | 22/27 | €846 | €555 | -€290 | -34.3% |
| Furniture and vehicles | 24 | €846 | €555 | -€290 | -34.3% |
| Financial fixed assets | 28 | €1,239,723 | €1,439,723 | +€200,000 | +16.1% |
| Current assets | 29/58 | €154,181 | €113,530 | -€40,650 | -26.4% |
| Amounts receivable within one year | 40/41 | €152,155 | €87,334 | -€64,821 | -42.6% |
| Trade receivables | 40 | €91,545 | €71,798 | -€19,747 | -21.6% |
| Other amounts receivable | 41 | €60,611 | €15,536 | -€45,074 | -74.4% |
| Cash at bank and in hand | 54/58 | €2,025 | €8,196 | +€6,171 | +305% |
| Deferred charges and accrued income | 490/1 | - | €18,000 | +€18,000 | |
| Total equity and liabilities | 10/49 | €1,394,749 | €1,553,808 | +€159,059 | +11.4% |
| Equity | 10/15 | €109,204 | €132,370 | +€23,166 | +21.2% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €88,744 | €111,910 | +€23,166 | +26.1% |
| Amounts payable | 17/49 | €1,285,545 | €1,421,438 | +€135,893 | +10.6% |
| Amounts payable within one year | 42/48 | €1,285,545 | €1,421,438 | +€135,893 | +10.6% |
| Trade debts | 44 | €254,370 | €448,483 | +€194,113 | +76.3% |
| Suppliers | 440/4 | €254,370 | €448,483 | +€194,113 | +76.3% |
| Advances received on contracts in progress | 46 | €990 | €990 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €78,836 | €21,577 | -€57,260 | -72.6% |
| Taxes | 450/3 | €63,529 | €16,260 | -€47,269 | -74.4% |
| Remuneration and social security | 454/9 | €15,307 | €5,317 | -€9,991 | -65.3% |
| Other amounts payable | 47/48 | €951,350 | €950,389 | -€960 | -0.1% |
| Remuneration, social security and pensions | 62 | €184,506 | €66,740 | -€117,767 | -63.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €266 | €290 | +€24 | +9.0% |
| Other operating charges | 640/8 | €552 | €460 | -€92 | -16.7% |
| Gross operating margin | 9900 | €421,737 | €97,434 | -€324,303 | -76.9% |
| Operating profit (loss) | 9901 | €236,413 | €29,944 | -€206,468 | -87.3% |
| Financial charges | 65/66B | €1,760 | €145 | -€1,615 | -91.7% |
| Recurring financial charges | 65 | €1,760 | €145 | -€1,615 | -91.7% |
| Profit (loss) for the period before taxes | 9903 | €234,653 | €29,799 | -€204,853 | -87.3% |
| Income taxes | 67/77 | €45,909 | €6,633 | -€39,275 | -85.6% |
| Profit (loss) for the period | 9904 | €188,744 | €23,166 | -€165,578 | -87.7% |
| Profit (loss) for the period to be appropriated | 9905 | €188,744 | €23,166 | -€165,578 | -87.7% |
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 22 October 2026 via checked.be.