PASBLEND: 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.
PASBLEND
Largest movements
- Receivables within one year +€76,706
up €76,706 (+208.8%), from €36,734 to €113,440
- Tangible fixed assets +€41,744
up €41,744 (+653.3%), from €6,389 to €48,133
of which Plant, machinery and equipment: +€37,371
- Cash +€17,728
up €17,728 (+307.5%), from €5,764 to €23,492
mainly Net result for the year (+€114,336) and Tax, wage and social debts (+€35,670)
- Financial fixed assets +€2,250
up €2,250 (+90.0%), from €2,500 to €4,750
- Profit (loss) carried forward +€114,336
up €114,336 (+482.9%), from €23,677 to €138,013
- Tax, wage and social debts +€35,670
up €35,670 (+235.2%), from €15,166 to €50,836
of which Taxes: +€40,942
- Trade debts -€11,579
down €11,579 (-92.3%), from €12,546 to €967
- Gross operating margin +€197,109
up €197,109 (+398.1%), from €49,514 to €246,623
- Staff costs +€58,871
up €58,871 (+248.6%), from €23,684 to €82,555
- Taxes +€28,334
up €28,334 (+380.8%), from €7,440 to €35,774
- Other operating charges +€4,845
up €4,845 (+189.6%), from €2,556 to €7,401
- Financial charges +€3,159
up €3,159 (+3266.4%), from €97 to €3,255
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €51,388 | €189,815 | +€138,428 | +269.4% |
| Fixed assets | 21/28 | €8,889 | €52,883 | +€43,994 | +494.9% |
| Tangible fixed assets | 22/27 | €6,389 | €48,133 | +€41,744 | +653.3% |
| Plant, machinery and equipment | 23 | €6,389 | €43,760 | +€37,371 | +584.9% |
| Furniture and vehicles | 24 | - | €4,373 | +€4,373 | |
| Financial fixed assets | 28 | €2,500 | €4,750 | +€2,250 | +90.0% |
| Current assets | 29/58 | €42,498 | €136,932 | +€94,434 | +222.2% |
| Amounts receivable within one year | 40/41 | €36,734 | €113,440 | +€76,706 | +208.8% |
| Other amounts receivable | 41 | €36,734 | €113,440 | +€76,706 | +208.8% |
| Cash at bank and in hand | 54/58 | €5,764 | €23,492 | +€17,728 | +307.5% |
| Total equity and liabilities | 10/49 | €51,388 | €189,815 | +€138,428 | +269.4% |
| Equity | 10/15 | €23,677 | €138,013 | +€114,336 | +482.9% |
| Profit (loss) carried forward | 14 | €23,677 | €138,013 | +€114,336 | +482.9% |
| Amounts payable | 17/49 | €27,711 | €51,803 | +€24,091 | +86.9% |
| Amounts payable within one year | 42/48 | €27,711 | €51,803 | +€24,091 | +86.9% |
| Trade debts | 44 | €12,546 | €967 | -€11,579 | -92.3% |
| Suppliers | 440/4 | €12,546 | €967 | -€11,579 | -92.3% |
| Taxes, remuneration and social security | 45 | €15,166 | €50,836 | +€35,670 | +235.2% |
| Taxes | 450/3 | €9,893 | €50,836 | +€40,942 | +413.8% |
| Remuneration and social security | 454/9 | €5,272 | - | -€5,272 | |
| Remuneration, social security and pensions | 62 | €23,684 | €82,555 | +€58,871 | +248.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €461 | €3,339 | +€2,878 | +624.7% |
| Other operating charges | 640/8 | €2,556 | €7,401 | +€4,845 | +189.6% |
| Gross operating margin | 9900 | €49,514 | €246,623 | +€197,109 | +398.1% |
| Operating profit (loss) | 9901 | €22,813 | €153,329 | +€130,516 | +572.1% |
| Financial income | 75/76B | €908 | €37 | -€871 | -95.9% |
| Recurring financial income | 75 | €908 | €37 | -€871 | -95.9% |
| Financial charges | 65/66B | €97 | €3,255 | +€3,159 | +3266.4% |
| Recurring financial charges | 65 | €97 | €3,255 | +€3,159 | +3266.4% |
| Profit (loss) for the period before taxes | 9903 | €23,624 | €150,110 | +€126,487 | +535.4% |
| Income taxes | 67/77 | €7,440 | €35,774 | +€28,334 | +380.8% |
| Profit (loss) for the period | 9904 | €16,184 | €114,336 | +€98,152 | +606.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,184 | €114,336 | +€98,152 | +606.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.