PASAS: 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.
PASAS
Largest movements
- Tangible fixed assets +€47,919
up €47,919 (+312.6%), from €15,328 to €63,247
of which Other tangible fixed assets: +€51,217
- Cash -€36,251
down €36,251 (-75.8%), from €47,844 to €11,593
- Receivables within one year -€16,432
down €16,432 (-42.9%), from €38,264 to €21,831
of which Trade receivables: -€15,228
- Profit (loss) carried forward -€58,131
new in 2025: -€58,131
- Debts after one year +€57,000
up €57,000 (+300.0%), from €19,000 to €76,000
- Other debts -€7,118
down €7,118 (-40.5%), from €17,582 to €10,464
- Trade debts +€3,814
up €3,814 (+108.8%), from €3,505 to €7,319
- Tax, wage and social debts -€1,609
down €1,609 (-60.7%), from €2,650 to €1,042
of which Remuneration and social security: -€1,423
- Gross operating margin -€35,097
down €35,097, from €9,593 to -€25,504
- Depreciation +€5,088
up €5,088 (+96.0%), from €5,303 to €10,391
- Financial charges -€724
down €724 (-61.5%), from €1,178 to €454
- Other operating charges -€353
down €353 (-18.4%), from €1,917 to €1,564
- Financial income -€275
down €275 (-98.2%), from €280 to €5
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €102,211 | €96,671 | -€5,540 | -5.4% |
| Fixed assets | 21/28 | €15,328 | €63,247 | +€47,919 | +312.6% |
| Tangible fixed assets | 22/27 | €15,328 | €63,247 | +€47,919 | +312.6% |
| Furniture and vehicles | 24 | €12,624 | €9,326 | -€3,298 | -26.1% |
| Other tangible fixed assets | 26 | €2,704 | €53,922 | +€51,217 | +1893.8% |
| Current assets | 29/58 | €86,883 | €33,424 | -€53,459 | -61.5% |
| Amounts receivable within one year | 40/41 | €38,264 | €21,831 | -€16,432 | -42.9% |
| Trade receivables | 40 | €36,510 | €21,282 | -€15,228 | -41.7% |
| Other amounts receivable | 41 | €1,754 | €550 | -€1,204 | -68.7% |
| Cash at bank and in hand | 54/58 | €47,844 | €11,593 | -€36,251 | -75.8% |
| Deferred charges and accrued income | 490/1 | €776 | - | -€776 | |
| Total equity and liabilities | 10/49 | €102,211 | €96,671 | -€5,540 | -5.4% |
| Equity | 10/15 | €56,883 | -€1,248 | -€58,131 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €38,283 | €38,283 | = | 0.0% |
| 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 | €36,423 | €36,423 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€58,131 | -€58,131 | |
| Amounts payable | 17/49 | €45,328 | €97,919 | +€52,591 | +116.0% |
| Amounts payable after more than one year | 17 | €19,000 | €76,000 | +€57,000 | +300.0% |
| Other amounts payable | 178/9 | €19,000 | €76,000 | +€57,000 | +300.0% |
| Amounts payable within one year | 42/48 | €24,867 | €21,353 | -€3,514 | -14.1% |
| Trade debts | 44 | €3,505 | €7,319 | +€3,814 | +108.8% |
| Suppliers | 440/4 | €3,505 | €7,319 | +€3,814 | +108.8% |
| Advances received on contracts in progress | 46 | €1,130 | €2,528 | +€1,399 | +123.8% |
| Taxes, remuneration and social security | 45 | €2,650 | €1,042 | -€1,609 | -60.7% |
| Taxes | 450/3 | €1,228 | €1,042 | -€186 | -15.1% |
| Remuneration and social security | 454/9 | €1,423 | - | -€1,423 | |
| Other amounts payable | 47/48 | €17,582 | €10,464 | -€7,118 | -40.5% |
| Accrued charges and deferred income | 492/3 | €1,461 | €566 | -€895 | -61.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,303 | €10,391 | +€5,088 | +96.0% |
| Other operating charges | 640/8 | €1,917 | €1,564 | -€353 | -18.4% |
| Gross operating margin | 9900 | €9,593 | -€25,504 | -€35,097 | |
| Operating profit (loss) | 9901 | €2,373 | -€37,459 | -€39,832 | |
| Financial income | 75/76B | €280 | €5 | -€275 | -98.2% |
| Recurring financial income | 75 | €280 | €5 | -€275 | -98.2% |
| Financial charges | 65/66B | €1,178 | €454 | -€724 | -61.5% |
| Recurring financial charges | 65 | €1,178 | €454 | -€724 | -61.5% |
| Profit (loss) for the period before taxes | 9903 | €1,476 | -€37,908 | -€39,383 | |
| Income taxes | 67/77 | €254 | €178 | -€75 | -29.7% |
| Profit (loss) for the period | 9904 | €1,222 | -€38,086 | -€39,308 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,222 | -€38,086 | -€39,308 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2023 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.