PASCO PROMOTIONS: 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.
PASCO PROMOTIONS
Largest movements
- Cash +€587,804
up €587,804 (+138%), from €426,304 to €1.0m
mainly Accrued charges and deferred income (+€318,261) and Other debts (+€149,719)
- Receivables within one year -€63,887
down €63,887 (-5.3%), from €1.2m to €1.2m
of which Trade receivables: -€62,505
- Tangible fixed assets -€29,765
down €29,765 (-7.2%), from €415,959 to €386,194
of which Other tangible fixed assets: -€16,500
- Accrued charges and deferred income +€318,261
up €318,261 (+184%), from €172,770 to €491,031
- Other debts +€149,719
up €149,719 (+53,353%), from €281 to €150,000
- Trade debts +€76,767
up €76,767 (+7.9%), from €975,307 to €1.1m
- Tax, wage and social debts +€73,366
up €73,366 (+27.6%), from €266,122 to €339,487
of which Taxes: +€80,370
- Reserves -€73,008
down €73,008 (-14.3%), from €509,470 to €436,462
of which Distributable reserves: -€73,008
- Financial income -€34,671
down €34,671 (-91.1%), from €38,070 to €3,399
- Staff costs -€27,050
down €27,050 (-6.1%), from €444,112 to €417,062
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.
Derived cash bridge
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 | €2,193,982 | €2,696,269 | +€502,287 | +22.9% |
| Fixed assets | 21/28 | €467,693 | €460,697 | -€6,995 | -1.5% |
| Intangible fixed assets | 21 | €51,684 | €74,454 | +€22,770 | +44.1% |
| Tangible fixed assets | 22/27 | €415,959 | €386,194 | -€29,765 | -7.2% |
| Land and buildings | 22 | €115,464 | €106,162 | -€9,302 | -8.1% |
| Furniture and vehicles | 24 | €7,435 | €3,472 | -€3,964 | -53.3% |
| Other tangible fixed assets | 26 | €293,060 | €276,560 | -€16,500 | -5.6% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €1,726,289 | €2,235,572 | +€509,283 | +29.5% |
| Amounts receivable within one year | 40/41 | €1,214,460 | €1,150,573 | -€63,887 | -5.3% |
| Trade receivables | 40 | €1,208,443 | €1,145,938 | -€62,505 | -5.2% |
| Other amounts receivable | 41 | €6,017 | €4,635 | -€1,382 | -23.0% |
| Current investments | 50/53 | €25,000 | €25,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €426,304 | €1,014,108 | +€587,804 | +138% |
| Deferred charges and accrued income | 490/1 | €60,526 | €45,890 | -€14,635 | -24.2% |
| Total equity and liabilities | 10/49 | €2,193,982 | €2,696,269 | +€502,287 | +22.9% |
| Equity | 10/15 | €559,470 | €486,462 | -€73,008 | -13.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €509,470 | €436,462 | -€73,008 | -14.3% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €504,470 | €431,462 | -€73,008 | -14.5% |
| Amounts payable | 17/49 | €1,634,512 | €2,209,807 | +€575,295 | +35.2% |
| Amounts payable after more than one year | 17 | €177,216 | €144,093 | -€33,123 | -18.7% |
| Financial debts | 170/4 | €177,216 | €144,093 | -€33,123 | -18.7% |
| Amounts payable within one year | 42/48 | €1,284,527 | €1,574,683 | +€290,157 | +22.6% |
| Current portion of amounts payable after more than one year | 42 | €42,818 | €33,123 | -€9,695 | -22.6% |
| Trade debts | 44 | €975,307 | €1,052,073 | +€76,767 | +7.9% |
| Suppliers | 440/4 | €975,307 | €1,052,073 | +€76,767 | +7.9% |
| Taxes, remuneration and social security | 45 | €266,122 | €339,487 | +€73,366 | +27.6% |
| Taxes | 450/3 | €195,665 | €276,036 | +€80,370 | +41.1% |
| Remuneration and social security | 454/9 | €70,456 | €63,452 | -€7,005 | -9.9% |
| Other amounts payable | 47/48 | €281 | €150,000 | +€149,719 | +53,353% |
| Accrued charges and deferred income | 492/3 | €172,770 | €491,031 | +€318,261 | +184% |
| Non-recurring operating income | 76A | €81,170 | €26,408 | -€54,762 | -67.5% |
| Remuneration, social security and pensions | 62 | €444,112 | €417,062 | -€27,050 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,653 | €73,872 | -€3,781 | -4.9% |
| Other operating charges | 640/8 | €7,366 | €6,488 | -€878 | -11.9% |
| Gross operating margin | 9900 | €623,067 | €623,865 | +€798 | +0.1% |
| Operating profit (loss) | 9901 | €93,937 | €126,444 | +€32,507 | +34.6% |
| Financial income | 75/76B | €38,070 | €3,399 | -€34,671 | -91.1% |
| Recurring financial income | 75 | €38,070 | €3,399 | -€34,671 | -91.1% |
| Financial charges | 65/66B | €11,101 | €9,592 | -€1,509 | -13.6% |
| Recurring financial charges | 65 | €11,101 | €9,592 | -€1,509 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €120,907 | €120,251 | -€655 | -0.5% |
| Income taxes | 67/77 | €39,014 | €35,364 | -€3,649 | -9.4% |
| Profit (loss) for the period | 9904 | €81,893 | €84,887 | +€2,994 | +3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €81,893 | €84,887 | +€2,994 | +3.7% |
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 24 October 2026 via checked.be.