PASCORTHO: 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.
PASCORTHO
Largest movements
- Deferred charges and accrued income +€11,683
up €11,683 (+86.6%), from €13,493 to €25,176
- Cash +€11,178
up €11,178 (+4.5%), from €246,073 to €257,251
mainly Other debts (+€87,454) and Net result for the year (+€36,390)
- Tangible fixed assets +€8,190
up €8,190 (+326%), from €2,512 to €10,701
of which Plant, machinery and equipment: +€4,351
- Other debts +€87,454
up €87,454 (+997%), from €8,771 to €96,225
- Profit (loss) carried forward -€69,610
down €69,610 (-27.4%), from €254,428 to €184,818
- Tax, wage and social debts +€15,900
up €15,900 (+265%), from €6,000 to €21,900
of which Taxes: +€15,900
- Gross operating margin +€12,774
up €12,774 (+37.4%), from €34,155 to €46,929
- Taxes +€2,593
up €2,593 (+35.9%), from €7,217 to €9,810
- Financial income +€546
up €546 (+162%), from €338 to €884
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 | €274,728 | €305,970 | +€31,242 | +11.4% |
| Fixed assets | 21/28 | €2,512 | €10,701 | +€8,190 | +326% |
| Tangible fixed assets | 22/27 | €2,512 | €10,701 | +€8,190 | +326% |
| Plant, machinery and equipment | 23 | €2,453 | €6,803 | +€4,351 | +177% |
| Furniture and vehicles | 24 | €59 | €3,898 | +€3,839 | +6,480% |
| Current assets | 29/58 | €272,216 | €295,268 | +€23,052 | +8.5% |
| Amounts receivable within one year | 40/41 | €12,651 | €12,841 | +€190 | +1.5% |
| Other amounts receivable | 41 | €12,651 | €12,841 | +€190 | +1.5% |
| Cash at bank and in hand | 54/58 | €246,073 | €257,251 | +€11,178 | +4.5% |
| Deferred charges and accrued income | 490/1 | €13,493 | €25,176 | +€11,683 | +86.6% |
| Total equity and liabilities | 10/49 | €274,728 | €305,970 | +€31,242 | +11.4% |
| Equity | 10/15 | €256,928 | €187,318 | -€69,610 | -27.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €254,428 | €184,818 | -€69,610 | -27.4% |
| Amounts payable | 17/49 | €17,800 | €118,652 | +€100,852 | +567% |
| Amounts payable within one year | 42/48 | €17,250 | €118,549 | +€101,299 | +587% |
| Trade debts | 44 | €2,479 | €424 | -€2,055 | -82.9% |
| Suppliers | 440/4 | €2,479 | €424 | -€2,055 | -82.9% |
| Taxes, remuneration and social security | 45 | €6,000 | €21,900 | +€15,900 | +265% |
| Taxes | 450/3 | €2,500 | €18,400 | +€15,900 | +636% |
| Remuneration and social security | 454/9 | €3,500 | €3,500 | = | 0.0% |
| Other amounts payable | 47/48 | €8,771 | €96,225 | +€87,454 | +997% |
| Accrued charges and deferred income | 492/3 | €550 | €103 | -€447 | -81.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €418 | €804 | +€386 | +92.4% |
| Other operating charges | 640/8 | €879 | €662 | -€217 | -24.7% |
| Gross operating margin | 9900 | €34,155 | €46,929 | +€12,774 | +37.4% |
| Operating profit (loss) | 9901 | €32,858 | €45,463 | +€12,606 | +38.4% |
| Financial income | 75/76B | €338 | €884 | +€546 | +162% |
| Recurring financial income | 75 | €338 | €884 | +€546 | +162% |
| Financial charges | 65/66B | €0 | €147 | +€147 | +1,474,100% |
| Recurring financial charges | 65 | €0 | €147 | +€147 | +1,474,100% |
| Profit (loss) for the period before taxes | 9903 | €33,195 | €46,200 | +€13,004 | +39.2% |
| Income taxes | 67/77 | €7,217 | €9,810 | +€2,593 | +35.9% |
| Profit (loss) for the period | 9904 | €25,978 | €36,390 | +€10,411 | +40.1% |
| Profit (loss) for the period to be appropriated | 9905 | €25,978 | €36,390 | +€10,411 | +40.1% |
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 29 October 2026 via checked.be.