PASAMA: what changed
Two fiscal 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.
PASAMA
Largest movements
- Tangible fixed assets -€41,514
down €41,514 (-90.1%), from €46,082 to €4,567
of which Furniture and vehicles: -€40,522
- Intangible fixed assets -€7,500
down €7,500 (-11.9%), from €63,123 to €55,623
- Debts after one year -€37,633
down €37,633 (-30.9%), from €121,933 to €84,301
of which Other amounts payable: -€31,021
- Profit (loss) carried forward -€12,203
down €12,203 (-24.9%), from -€49,079 to -€61,282
- Tax, wage and social debts +€3,586
up €3,586 (+850.3%), from €422 to €4,008
- Trade debts -€2,006
down €2,006 (-11.9%), from €16,929 to €14,922
- Write-downs -€6,198
down €6,198 (-83.3%), from €7,438 to €1,240
- Taxes +€4,008
new in 2024: €4,008
- Gross operating margin -€3,709
down €3,709 (-23.2%), from €16,007 to €12,298
- Financial charges +€2,066
up €2,066 (+32.1%), from €6,443 to €8,510
- Other operating charges -€1,744
down €1,744 (-53.5%), from €3,262 to €1,518
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €127,257 | €78,389 | -€48,868 | -38.4% |
| Fixed assets | 21/28 | €109,205 | €60,441 | -€48,764 | -44.7% |
| Intangible fixed assets | 21 | €63,123 | €55,623 | -€7,500 | -11.9% |
| Tangible fixed assets | 22/27 | €46,082 | €4,567 | -€41,514 | -90.1% |
| Land and buildings | 22 | €858 | €726 | -€132 | -15.4% |
| Plant, machinery and equipment | 23 | €1,913 | €1,371 | -€542 | -28.3% |
| Furniture and vehicles | 24 | €42,463 | €1,940 | -€40,522 | -95.4% |
| Other tangible fixed assets | 26 | €848 | €530 | -€318 | -37.5% |
| Financial fixed assets | 28 | - | €250 | +€250 | |
| Current assets | 29/58 | €18,052 | €17,948 | -€103 | -0.6% |
| Amounts receivable within one year | 40/41 | €18,039 | €17,935 | -€104 | -0.6% |
| Trade receivables | 40 | €2,473 | €2,733 | +€260 | +10.5% |
| Other amounts receivable | 41 | €15,566 | €15,202 | -€364 | -2.3% |
| Cash at bank and in hand | 54/58 | €3 | €3 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €10 | €10 | +€0 | +4.0% |
| Total equity and liabilities | 10/49 | €127,257 | €78,389 | -€48,868 | -38.4% |
| Equity | 10/15 | -€23,227 | -€35,431 | -€12,203 | -52.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €5,851 | €5,851 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €3,851 | €3,851 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,079 | -€61,282 | -€12,203 | -24.9% |
| Amounts payable | 17/49 | €150,484 | €113,820 | -€36,664 | -24.4% |
| Amounts payable after more than one year | 17 | €121,933 | €84,301 | -€37,633 | -30.9% |
| Financial debts | 170/4 | €49,001 | €42,389 | -€6,612 | -13.5% |
| Other amounts payable | 178/9 | €72,932 | €41,912 | -€31,021 | -42.5% |
| Amounts payable within one year | 42/48 | €27,675 | €29,519 | +€1,843 | +6.7% |
| Current portion of amounts payable after more than one year | 42 | €10,325 | €10,589 | +€264 | +2.6% |
| Trade debts | 44 | €16,929 | €14,922 | -€2,006 | -11.9% |
| Suppliers | 440/4 | €16,929 | €14,922 | -€2,006 | -11.9% |
| Taxes, remuneration and social security | 45 | €422 | €4,008 | +€3,586 | +850.3% |
| Taxes | 450/3 | €422 | €4,008 | +€3,586 | +850.3% |
| Accrued charges and deferred income | 492/3 | €875 | - | -€875 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,220 | €9,231 | +€11 | +0.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,438 | €1,240 | -€6,198 | -83.3% |
| Other operating charges | 640/8 | €3,262 | €1,518 | -€1,744 | -53.5% |
| Gross operating margin | 9900 | €16,007 | €12,298 | -€3,709 | -23.2% |
| Operating profit (loss) | 9901 | -€3,913 | €309 | +€4,223 | |
| Financial income | 75/76B | €1 | €4 | +€4 | +375.5% |
| Recurring financial income | 75 | €1 | €4 | +€4 | +375.5% |
| Financial charges | 65/66B | €6,443 | €8,510 | +€2,066 | +32.1% |
| Recurring financial charges | 65 | €6,443 | €8,510 | +€2,066 | +32.1% |
| Profit (loss) for the period before taxes | 9903 | -€10,355 | -€8,196 | +€2,160 | +20.9% |
| Income taxes | 67/77 | - | €4,008 | +€4,008 | |
| Profit (loss) for the period | 9904 | -€10,355 | -€12,203 | -€1,848 | -17.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,355 | -€12,203 | -€1,848 | -17.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.