PASADUR: 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.
PASADUR
Largest movements
- Cash +€91,428
up €91,428 (+108.9%), from €83,919 to €175,347
mainly Trade debts (+€41,680) and Accrued charges and deferred income (+€27,199)
- Receivables within one year +€19,554
up €19,554 (+1433.2%), from €1,364 to €20,918
of which Trade receivables: +€19,586
- Deferred charges and accrued income +€8,096
up €8,096 (+195.9%), from €4,133 to €12,230
- Trade debts +€41,680
up €41,680 (+93.2%), from €44,712 to €86,392
- Accrued charges and deferred income +€27,199
new in 2025: €27,199
- Reserves +€26,815
new in 2025: €26,815
- Other debts +€19,354
new in 2025: €19,354
- Tax, wage and social debts +€3,728
up €3,728 (+41.5%), from €8,976 to €12,704
- Gross operating margin +€4,927
up €4,927 (+14.6%), from €33,644 to €38,571
- Taxes +€3,952
up €3,952 (+58.5%), from €6,749 to €10,701
- Financial charges -€654
down €654 (-60.2%), from €1,086 to €432
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.
Cash bridge derived
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 | €105,075 | €223,850 | +€118,775 | +113.0% |
| Fixed assets | 21/28 | €15,658 | €15,355 | -€303 | -1.9% |
| Tangible fixed assets | 22/27 | €658 | €355 | -€303 | -46.0% |
| Plant, machinery and equipment | 23 | €658 | €355 | -€303 | -46.0% |
| Financial fixed assets | 28 | €15,000 | €15,000 | = | 0.0% |
| Current assets | 29/58 | €89,417 | €208,495 | +€119,078 | +133.2% |
| Amounts receivable within one year | 40/41 | €1,364 | €20,918 | +€19,554 | +1433.2% |
| Trade receivables | 40 | €1,332 | €20,918 | +€19,586 | +1470.6% |
| Other amounts receivable | 41 | €33 | - | -€33 | |
| Cash at bank and in hand | 54/58 | €83,919 | €175,347 | +€91,428 | +108.9% |
| Deferred charges and accrued income | 490/1 | €4,133 | €12,230 | +€8,096 | +195.9% |
| Total equity and liabilities | 10/49 | €105,075 | €223,850 | +€118,775 | +113.0% |
| Equity | 10/15 | €51,386 | €78,201 | +€26,815 | +52.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | - | €26,815 | +€26,815 | |
| Distributable reserves | 133 | - | €26,815 | +€26,815 | |
| Profit (loss) carried forward | 14 | €26,386 | €26,386 | = | 0.0% |
| Amounts payable | 17/49 | €53,688 | €145,649 | +€91,960 | +171.3% |
| Amounts payable within one year | 42/48 | €53,688 | €118,450 | +€64,762 | +120.6% |
| Trade debts | 44 | €44,712 | €86,392 | +€41,680 | +93.2% |
| Suppliers | 440/4 | €44,712 | €86,392 | +€41,680 | +93.2% |
| Taxes, remuneration and social security | 45 | €8,976 | €12,704 | +€3,728 | +41.5% |
| Taxes | 450/3 | €8,976 | €12,704 | +€3,728 | +41.5% |
| Other amounts payable | 47/48 | - | €19,354 | +€19,354 | |
| Accrued charges and deferred income | 492/3 | - | €27,199 | +€27,199 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €251 | €303 | +€52 | +20.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €155 | - | -€155 | |
| Other operating charges | 640/8 | €661 | €633 | -€29 | -4.3% |
| Gross operating margin | 9900 | €33,644 | €38,571 | +€4,927 | +14.6% |
| Operating profit (loss) | 9901 | €32,576 | €37,635 | +€5,059 | +15.5% |
| Financial income | 75/76B | €3 | €313 | +€310 | +11664.3% |
| Recurring financial income | 75 | €3 | €313 | +€310 | +11664.3% |
| Financial charges | 65/66B | €1,086 | €432 | -€654 | -60.2% |
| Recurring financial charges | 65 | €1,086 | €432 | -€654 | -60.2% |
| Profit (loss) for the period before taxes | 9903 | €31,493 | €37,516 | +€6,023 | +19.1% |
| Income taxes | 67/77 | €6,749 | €10,701 | +€3,952 | +58.5% |
| Profit (loss) for the period | 9904 | €24,743 | €26,815 | +€2,071 | +8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,743 | €26,815 | +€2,071 | +8.4% |
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 9 October 2026 via checked.be.