Pasar: 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.
Pasar
Largest movements
- Current investments -€900,522
no longer reported in 2025 (was €900,522)
- Cash +€838,755
up €838,755 (+154.1%), from €544,203 to €1.4m
mainly Current investments (+€900,522) and Depreciation (+€144,367)
- Tangible fixed assets +€89,079
up €89,079 (+25.4%), from €351,008 to €440,087
of which Furniture and vehicles: +€111,672
- Receivables within one year -€41,249
down €41,249 (-11.9%), from €347,857 to €306,608
of which Trade receivables: -€69,542
- Trade debts -€71,453
down €71,453 (-32.6%), from €219,237 to €147,783
- Accrued charges and deferred income -€61,465
down €61,465 (-11.6%), from €528,444 to €466,980
- Tax, wage and social debts +€48,479
up €48,479 (+18.4%), from €263,348 to €311,827
of which Remuneration and social security: +€50,701
- Turnover +€831,550
new in 2025: €831,550
- Depreciation +€47,430
up €47,430 (+48.9%), from €96,937 to €144,367
- Staff costs +€46,414
up €46,414 (+2.3%), from €2.1m to €2.1m
- Gross operating margin +€32,090
up €32,090 (+1.4%), from €2.2m to €2.3m
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 | €2,613,242 | €2,547,941 | -€65,302 | -2.5% |
| Fixed assets | 21/28 | €602,960 | €668,273 | +€65,313 | +10.8% |
| Intangible fixed assets | 21 | €251,852 | €228,086 | -€23,766 | -9.4% |
| Tangible fixed assets | 22/27 | €351,008 | €440,087 | +€89,079 | +25.4% |
| Plant, machinery and equipment | 23 | €23,919 | €17,838 | -€6,081 | -25.4% |
| Furniture and vehicles | 24 | €129,736 | €241,408 | +€111,672 | +86.1% |
| Other tangible fixed assets | 26 | €197,353 | €180,841 | -€16,512 | -8.4% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €2,010,283 | €1,879,668 | -€130,615 | -6.5% |
| Amounts receivable after more than one year | 29 | €74,368 | €74,368 | = | 0.0% |
| Other amounts receivable | 291 | €74,368 | €74,368 | = | 0.0% |
| Stocks and contracts in progress | 3 | €43,582 | €31,239 | -€12,343 | -28.3% |
| Stocks | 30/36 | €43,582 | €31,239 | -€12,343 | -28.3% |
| Amounts receivable within one year | 40/41 | €347,857 | €306,608 | -€41,249 | -11.9% |
| Trade receivables | 40 | €202,749 | €133,207 | -€69,542 | -34.3% |
| Other amounts receivable | 41 | €145,108 | €173,401 | +€28,293 | +19.5% |
| Current investments | 50/53 | €900,522 | - | -€900,522 | |
| Cash at bank and in hand | 54/58 | €544,203 | €1,382,958 | +€838,755 | +154.1% |
| Deferred charges and accrued income | 490/1 | €99,750 | €84,495 | -€15,255 | -15.3% |
| Total equity and liabilities | 10/49 | €2,613,242 | €2,547,941 | -€65,302 | -2.5% |
| Equity | 10/15 | €1,602,213 | €1,621,350 | +€19,137 | +1.2% |
| Contributions | 10/11 | €1,142,973 | €1,142,973 | = | 0.0% |
| Capital | 10 | €1,142,973 | €1,142,973 | = | 0.0% |
| Reserves | 13 | €744,405 | €744,405 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€285,164 | -€266,027 | +€19,137 | +6.7% |
| Amounts payable | 17/49 | €1,011,029 | €926,590 | -€84,439 | -8.4% |
| Amounts payable within one year | 42/48 | €482,585 | €459,611 | -€22,974 | -4.8% |
| Trade debts | 44 | €219,237 | €147,783 | -€71,453 | -32.6% |
| Suppliers | 440/4 | €219,237 | €147,783 | -€71,453 | -32.6% |
| Taxes, remuneration and social security | 45 | €263,348 | €311,827 | +€48,479 | +18.4% |
| Taxes | 450/3 | €21,253 | €19,032 | -€2,222 | -10.5% |
| Remuneration and social security | 454/9 | €242,095 | €292,796 | +€50,701 | +20.9% |
| Accrued charges and deferred income | 492/3 | €528,444 | €466,980 | -€61,465 | -11.6% |
| Turnover | 70 | - | €831,550 | +€831,550 | |
| Membership fees, donations, legacies and grants | 73 | - | €2,404,792 | +€2.4m | |
| Non-recurring operating income | 76A | €9,331 | €37,003 | +€27,672 | +296.6% |
| Remuneration, social security and pensions | 62 | €2,058,712 | €2,105,126 | +€46,414 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,937 | €144,367 | +€47,430 | +48.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,835 | - | -€4,835 | |
| Other operating charges | 640/8 | €9,271 | €18,929 | +€9,658 | +104.2% |
| Non-recurring operating charges | 66A | €12,172 | €5,117 | -€7,054 | -58.0% |
| Gross operating margin | 9900 | €2,228,747 | €2,260,837 | +€32,090 | +1.4% |
| Operating profit (loss) | 9901 | €123,005 | -€12,702 | -€135,708 | |
| Financial income | 75/76B | €18,990 | €13,717 | -€5,273 | -27.8% |
| Recurring financial income | 75 | €18,990 | €13,717 | -€5,273 | -27.8% |
| Financial charges | 65/66B | €15,699 | €6,068 | -€9,630 | -61.3% |
| Recurring financial charges | 65 | €15,699 | €6,068 | -€9,630 | -61.3% |
| Profit (loss) for the period before taxes | 9903 | €126,297 | -€5,053 | -€131,350 | |
| Income taxes | 67/77 | -€6,215 | -€23,159 | -€16,944 | -272.6% |
| Profit (loss) for the period | 9904 | €132,512 | €18,106 | -€114,406 | -86.3% |
| Profit (loss) for the period to be appropriated | 9905 | €132,512 | €18,106 | -€114,406 | -86.3% |
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 11 October 2026 via checked.be.