PASCY DIRECT: 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.
PASCY DIRECT
Largest movements
- Cash +€52,722
up €52,722 (+116%), from €45,460 to €98,182
mainly Other debts (+€41,193) and Trade debts (+€30,838)
- Receivables within one year +€34,919
up €34,919 (+191%), from €18,291 to €53,210
of which Trade receivables: +€31,642
- Tangible fixed assets +€19,808
up €19,808 (+78.5%), from €25,238 to €45,046
of which Furniture and vehicles: +€20,190
- Other debts +€41,193
up €41,193 (+42.4%), from €97,205 to €138,397
- Trade debts +€30,838
up €30,838 (+104%), from €29,674 to €60,512
- Profit (loss) carried forward +€25,374
up €25,374 (+27.8%), from -€91,384 to -€66,010
- Advances received +€25,000
new in 2025: €25,000
- Debts after one year -€17,292
down €17,292 (-61.7%), from €28,023 to €10,731
- Staff costs -€84,888
down €84,888 (-80.3%), from €105,692 to €20,805
- Gross operating margin -€74,502
down €74,502 (-55.7%), from €133,727 to €59,225
- Depreciation +€4,481
up €4,481 (+96.7%), from €4,636 to €9,117
- Financial charges -€2,749
down €2,749 (-63.4%), from €4,338 to €1,590
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 | €89,362 | €196,438 | +€107,076 | +120% |
| Fixed assets | 21/28 | €25,238 | €45,046 | +€19,808 | +78.5% |
| Tangible fixed assets | 22/27 | €25,238 | €45,046 | +€19,808 | +78.5% |
| Plant, machinery and equipment | 23 | - | €5,593 | +€5,593 | |
| Furniture and vehicles | 24 | - | €20,190 | +€20,190 | |
| Leasing and similar rights | 25 | €25,238 | €19,263 | -€5,975 | -23.7% |
| Current assets | 29/58 | €64,124 | €151,392 | +€87,268 | +136% |
| Amounts receivable within one year | 40/41 | €18,291 | €53,210 | +€34,919 | +191% |
| Trade receivables | 40 | €18,291 | €49,933 | +€31,642 | +173% |
| Other amounts receivable | 41 | - | €3,277 | +€3,277 | |
| Cash at bank and in hand | 54/58 | €45,460 | €98,182 | +€52,722 | +116% |
| Deferred charges and accrued income | 490/1 | €373 | - | -€373 | |
| Total equity and liabilities | 10/49 | €89,362 | €196,438 | +€107,076 | +120% |
| Equity | 10/15 | -€76,532 | -€51,158 | +€25,374 | +33.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €8,652 | €8,652 | = | 0.0% |
| Non-distributable reserves | 130/1 | €438 | - | -€438 | |
| Reserves not available under the articles | 1311 | €438 | - | -€438 | |
| Distributable reserves | 133 | €8,215 | €8,652 | +€438 | +5.3% |
| Profit (loss) carried forward | 14 | -€91,384 | -€66,010 | +€25,374 | +27.8% |
| Amounts payable | 17/49 | €165,894 | €247,597 | +€81,703 | +49.2% |
| Amounts payable after more than one year | 17 | €28,023 | €10,731 | -€17,292 | -61.7% |
| Financial debts | 170/4 | €28,023 | €10,731 | -€17,292 | -61.7% |
| Amounts payable within one year | 42/48 | €137,871 | €236,866 | +€98,995 | +71.8% |
| Current portion of amounts payable after more than one year | 42 | - | €3,972 | +€3,972 | |
| Trade debts | 44 | €29,674 | €60,512 | +€30,838 | +104% |
| Suppliers | 440/4 | €29,674 | €60,512 | +€30,838 | +104% |
| Advances received on contracts in progress | 46 | - | €25,000 | +€25,000 | |
| Taxes, remuneration and social security | 45 | €10,993 | €8,985 | -€2,008 | -18.3% |
| Taxes | 450/3 | €4,380 | - | -€4,380 | |
| Remuneration and social security | 454/9 | €6,612 | €8,985 | +€2,372 | +35.9% |
| Other amounts payable | 47/48 | €97,205 | €138,397 | +€41,193 | +42.4% |
| Remuneration, social security and pensions | 62 | €105,692 | €20,805 | -€84,888 | -80.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,636 | €9,117 | +€4,481 | +96.7% |
| Other operating charges | 640/8 | €3,100 | €2,768 | -€332 | -10.7% |
| Gross operating margin | 9900 | €133,727 | €59,225 | -€74,502 | -55.7% |
| Operating profit (loss) | 9901 | €20,298 | €26,535 | +€6,237 | +30.7% |
| Financial income | 75/76B | €47 | €429 | +€381 | +804% |
| Recurring financial income | 75 | €47 | €429 | +€381 | +804% |
| Financial charges | 65/66B | €4,338 | €1,590 | -€2,749 | -63.4% |
| Recurring financial charges | 65 | €4,338 | €1,590 | -€2,749 | -63.4% |
| Profit (loss) for the period before taxes | 9903 | €16,007 | €25,374 | +€9,367 | +58.5% |
| Profit (loss) for the period | 9904 | €16,007 | €25,374 | +€9,367 | +58.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,007 | €25,374 | +€9,367 | +58.5% |
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 25 October 2026 via checked.be.