PASBEL: 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.
PASBEL
Largest movements
- Cash -€13,395
down €13,395 (-30.1%), from €44,517 to €31,122
mainly Net result for the year (-€15,429) and Trade debts (-€12,772)
- Receivables within one year -€6,865
down €6,865 (-42.8%), from €16,047 to €9,181
of which Trade receivables: -€9,992
- Tangible fixed assets +€3,221
up €3,221 (+43.1%), from €7,481 to €10,701
of which Furniture and vehicles: +€3,488
- Deferred charges and accrued income -€838
down €838 (-65.8%), from €1,274 to €436
- Profit (loss) carried forward -€15,429
down €15,429, from €244 to -€15,184
- Trade debts -€12,772
down €12,772 (-65.7%), from €19,453 to €6,680
- Other debts +€12,671
up €12,671 (+26.7%), from €47,370 to €60,041
- Tax, wage and social debts -€1,763
down €1,763 (-73.0%), from €2,416 to €653
- Accrued charges and deferred income -€950
down €950 (-100.0%), from €950 to €0
- Gross operating margin -€19,011
down €19,011, from €10,672 to -€8,339
- Financial charges -€3,151
down €3,151 (-94.7%), from €3,326 to €175
- Taxes -€620
down €620 (-95.0%), from €653 to €33
- Financial income +€544
up €544, from €0 to €544
- Other operating charges +€532
up €532 (+119.0%), from €447 to €979
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 | €74,433 | €56,190 | -€18,243 | -24.5% |
| Fixed assets | 21/28 | €7,481 | €10,701 | +€3,221 | +43.1% |
| Tangible fixed assets | 22/27 | €7,481 | €10,701 | +€3,221 | +43.1% |
| Plant, machinery and equipment | 23 | €267 | €0 | -€267 | -100.0% |
| Furniture and vehicles | 24 | €7,214 | €10,701 | +€3,488 | +48.3% |
| Current assets | 29/58 | €66,952 | €45,489 | -€21,463 | -32.1% |
| Stocks and contracts in progress | 3 | €5,114 | €4,750 | -€364 | -7.1% |
| Stocks | 30/36 | €5,114 | €4,750 | -€364 | -7.1% |
| Amounts receivable within one year | 40/41 | €16,047 | €9,181 | -€6,865 | -42.8% |
| Trade receivables | 40 | €16,047 | €6,055 | -€9,992 | -62.3% |
| Other amounts receivable | 41 | - | €3,126 | +€3,126 | |
| Cash at bank and in hand | 54/58 | €44,517 | €31,122 | -€13,395 | -30.1% |
| Deferred charges and accrued income | 490/1 | €1,274 | €436 | -€838 | -65.8% |
| Total equity and liabilities | 10/49 | €74,433 | €56,190 | -€18,243 | -24.5% |
| Equity | 10/15 | €4,244 | -€11,184 | -€15,429 | |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €244 | -€15,184 | -€15,429 | |
| Amounts payable | 17/49 | €70,189 | €67,375 | -€2,814 | -4.0% |
| Amounts payable within one year | 42/48 | €69,239 | €67,375 | -€1,864 | -2.7% |
| Trade debts | 44 | €19,453 | €6,680 | -€12,772 | -65.7% |
| Suppliers | 440/4 | €19,453 | €6,680 | -€12,772 | -65.7% |
| Taxes, remuneration and social security | 45 | €2,416 | €653 | -€1,763 | -73.0% |
| Taxes | 450/3 | €2,416 | €653 | -€1,763 | -73.0% |
| Other amounts payable | 47/48 | €47,370 | €60,041 | +€12,671 | +26.7% |
| Accrued charges and deferred income | 492/3 | €950 | €0 | -€950 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,287 | €6,447 | +€160 | +2.5% |
| Other operating charges | 640/8 | €447 | €979 | +€532 | +119.0% |
| Gross operating margin | 9900 | €10,672 | -€8,339 | -€19,011 | |
| Operating profit (loss) | 9901 | €3,938 | -€15,766 | -€19,704 | |
| Financial income | 75/76B | €0 | €544 | +€544 | |
| Recurring financial income | 75 | €0 | €544 | +€544 | |
| Financial charges | 65/66B | €3,326 | €175 | -€3,151 | -94.7% |
| Recurring financial charges | 65 | €3,326 | €175 | -€3,151 | -94.7% |
| Profit (loss) for the period before taxes | 9903 | €612 | -€15,396 | -€16,008 | |
| Income taxes | 67/77 | €653 | €33 | -€620 | -95.0% |
| Profit (loss) for the period | 9904 | -€41 | -€15,429 | -€15,387 | -37257.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€41 | -€15,429 | -€15,387 | -37257.8% |
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 3 October 2026 via checked.be.