PASAVAN: 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.
PASAVAN
Largest movements
- Cash +€5,404
up €5,404 (+500.5%), from €1,080 to €6,484
mainly Other debts (+€21,628) and Depreciation (+€4,879)
- Tangible fixed assets -€4,879
down €4,879 (-5.5%), from €88,182 to €83,303
- Receivables within one year +€1,260
up €1,260 (+315.7%), from €399 to €1,659
of which Other amounts receivable: +€1,288
- Other debts +€21,628
up €21,628 (+9.6%), from €225,126 to €246,753
- Profit (loss) carried forward -€11,390
down €11,390 (-6.5%), from -€174,935 to -€186,325
- Debts after one year -€8,750
down €8,750 (-80.0%), from €10,937 to €2,187
- Gross operating margin -€1,269
down €1,269 (-41.9%), from -€3,030 to -€4,299
- Financial charges -€411
down €411 (-30.2%), from €1,361 to €949
- Other operating charges -€147
down €147 (-10.5%), from €1,410 to €1,263
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 | €89,877 | €91,614 | +€1,738 | +1.9% |
| Fixed assets | 21/28 | €88,182 | €83,303 | -€4,879 | -5.5% |
| Tangible fixed assets | 22/27 | €88,182 | €83,303 | -€4,879 | -5.5% |
| Land and buildings | 22 | €88,182 | €83,303 | -€4,879 | -5.5% |
| Current assets | 29/58 | €1,695 | €8,311 | +€6,616 | +390.3% |
| Stocks and contracts in progress | 3 | €216 | €169 | -€47 | -21.9% |
| Stocks | 30/36 | €216 | €169 | -€47 | -21.9% |
| Amounts receivable within one year | 40/41 | €399 | €1,659 | +€1,260 | +315.7% |
| Trade receivables | 40 | €28 | €0 | -€28 | -100.0% |
| Other amounts receivable | 41 | €371 | €1,659 | +€1,288 | +347.5% |
| Cash at bank and in hand | 54/58 | €1,080 | €6,484 | +€5,404 | +500.5% |
| Total equity and liabilities | 10/49 | €89,877 | €91,614 | +€1,738 | +1.9% |
| Equity | 10/15 | -€154,935 | -€166,325 | -€11,390 | -7.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€174,935 | -€186,325 | -€11,390 | -6.5% |
| Amounts payable | 17/49 | €244,812 | €257,940 | +€13,128 | +5.4% |
| Amounts payable after more than one year | 17 | €10,937 | €2,187 | -€8,750 | -80.0% |
| Financial debts | 170/4 | €10,937 | €2,187 | -€8,750 | -80.0% |
| Amounts payable within one year | 42/48 | €233,876 | €255,753 | +€21,878 | +9.4% |
| Current portion of amounts payable after more than one year | 42 | €8,750 | €8,750 | = | 0.0% |
| Trade debts | 44 | €0 | €250 | +€250 | |
| Suppliers | 440/4 | €0 | €250 | +€250 | |
| Other amounts payable | 47/48 | €225,126 | €246,753 | +€21,628 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,879 | €4,879 | = | 0.0% |
| Other operating charges | 640/8 | €1,410 | €1,263 | -€147 | -10.5% |
| Gross operating margin | 9900 | -€3,030 | -€4,299 | -€1,269 | -41.9% |
| Operating profit (loss) | 9901 | -€9,319 | -€10,441 | -€1,121 | -12.0% |
| Financial charges | 65/66B | €1,361 | €949 | -€411 | -30.2% |
| Recurring financial charges | 65 | €1,361 | €949 | -€411 | -30.2% |
| Profit (loss) for the period before taxes | 9903 | -€10,680 | -€11,390 | -€710 | -6.6% |
| Profit (loss) for the period | 9904 | -€10,680 | -€11,390 | -€710 | -6.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,680 | -€11,390 | -€710 | -6.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.