Pasania: what changed
Pasania
Largest movements
- Cash -€13,596
down €13,596 (-33.9%), from €40,121 to €26,525
mainly Investment in fixed assets (net) (-€30,579) and Tax, wage and social debts (-€10,591)
- Tangible fixed assets +€10,209
up €10,209 (+18.0%), from €56,704 to €66,913
of which Furniture and vehicles: +€24,015
- Deferred charges and accrued income -€7,022
no longer reported in 2025 (was €7,022)
- Reserves +€11,366
up €11,366 (+8.4%), from €135,023 to €146,389
of which Distributable reserves: +€11,366
- Tax, wage and social debts -€10,591
down €10,591 (-46.6%), from €22,737 to €12,146
- Current portion of long-term debt -€7,231
down €7,231 (-24.2%), from €29,865 to €22,634
- Debts after one year -€2,575
down €2,575 (-6.3%), from €40,620 to €38,044
- Depreciation -€23,548
down €23,548 (-53.6%), from €43,918 to €20,369
- Taxes +€19,952
up €19,952 (+308%), from €6,480 to €26,432
- Financial charges -€3,883
down €3,883 (-79.9%), from €4,862 to €979
of which Financial charges: -€2,133
- Other operating charges -€886
down €886 (-34.2%), from €2,587 to €1,702
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 | €234,445 | €225,721 | -€8,724 | -3.7% |
| Fixed assets | 21/28 | €59,138 | €69,347 | +€10,209 | +17.3% |
| Tangible fixed assets | 22/27 | €56,704 | €66,913 | +€10,209 | +18.0% |
| Plant, machinery and equipment | 23 | €632 | €0 | -€632 | -100% |
| Furniture and vehicles | 24 | €4,938 | €28,953 | +€24,015 | +486% |
| Leasing and similar rights | 25 | €51,133 | €37,960 | -€13,174 | -25.8% |
| Financial fixed assets | 28 | €2,434 | €2,434 | = | 0.0% |
| Current assets | 29/58 | €175,307 | €156,374 | -€18,933 | -10.8% |
| Amounts receivable after more than one year | 29 | €41,250 | €41,250 | = | 0.0% |
| Other amounts receivable | 291 | €41,250 | €41,250 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €86,914 | €88,599 | +€1,685 | +1.9% |
| Trade receivables | 40 | €17,654 | €22,960 | +€5,306 | +30.1% |
| Other amounts receivable | 41 | €69,260 | €65,638 | -€3,621 | -5.2% |
| Cash at bank and in hand | 54/58 | €40,121 | €26,525 | -€13,596 | -33.9% |
| Deferred charges and accrued income | 490/1 | €7,022 | - | -€7,022 | |
| Total equity and liabilities | 10/49 | €234,445 | €225,721 | -€8,724 | -3.7% |
| Equity | 10/15 | €141,223 | €152,589 | +€11,366 | +8.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €135,023 | €146,389 | +€11,366 | +8.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €133,163 | €144,529 | +€11,366 | +8.5% |
| Amounts payable | 17/49 | €93,222 | €73,132 | -€20,090 | -21.6% |
| Amounts payable after more than one year | 17 | €40,620 | €38,044 | -€2,575 | -6.3% |
| Financial debts | 170/4 | €40,620 | €38,044 | -€2,575 | -6.3% |
| Amounts payable within one year | 42/48 | €52,602 | €35,087 | -€17,515 | -33.3% |
| Current portion of amounts payable after more than one year | 42 | €29,865 | €22,634 | -€7,231 | -24.2% |
| Trade debts | 44 | - | €307 | +€307 | |
| Suppliers | 440/4 | - | €307 | +€307 | |
| Taxes, remuneration and social security | 45 | €22,737 | €12,146 | -€10,591 | -46.6% |
| Taxes | 450/3 | €22,737 | €12,146 | -€10,591 | -46.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,918 | €20,369 | -€23,548 | -53.6% |
| Other operating charges | 640/8 | €2,587 | €1,702 | -€886 | -34.2% |
| Gross operating margin | 9900 | €60,749 | €60,848 | +€99 | +0.2% |
| Operating profit (loss) | 9901 | €14,244 | €38,777 | +€24,533 | +172% |
| Financial charges | 65/66B | €4,862 | €979 | -€3,883 | -79.9% |
| Recurring financial charges | 65 | €3,112 | €979 | -€2,133 | -68.5% |
| Non-recurring financial charges | 66B | €1,750 | - | -€1,750 | |
| Profit (loss) for the period before taxes | 9903 | €9,382 | €37,798 | +€28,417 | +303% |
| Income taxes | 67/77 | €6,480 | €26,432 | +€19,952 | +308% |
| Profit (loss) for the period | 9904 | €2,901 | €11,366 | +€8,465 | +292% |
| Profit (loss) for the period to be appropriated | 9905 | €2,901 | €11,366 | +€8,465 | +292% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.