PASEREST: 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.
PASEREST
Largest movements
- Receivables within one year +€23,393
up €23,393 (+32.8%), from €71,404 to €94,797
of which Other amounts receivable: +€22,272
- Cash -€6,042
down €6,042 (-10.8%), from €56,100 to €50,058
mainly Receivables within one year (-€23,393) and Debts after one year (-€7,542)
- Tangible fixed assets -€4,125
down €4,125 (-7.9%), from €52,354 to €48,229
of which Land and buildings: -€2,254
- Profit (loss) carried forward +€11,506
up €11,506 (+8.2%), from €140,009 to €151,515
- Trade debts +€9,818
up €9,818 (+82.3%), from €11,930 to €21,748
- Debts after one year -€7,542
down €7,542 (-41.7%), from €18,065 to €10,523
- Depreciation -€5,154
down €5,154 (-52.0%), from €9,904 to €4,750
- Taxes -€3,131
no longer reported in 2025 (was €3,131)
- Financial charges +€619
up €619 (+37.2%), from €1,666 to €2,285
of which Non-recurring financial charges: +€680
- Financial income +€524
up €524 (+13.9%), from €3,763 to €4,287
- Other operating charges -€300
down €300 (-12.7%), from €2,362 to €2,062
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.
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 | €207,125 | €219,012 | +€11,887 | +5.7% |
| Fixed assets | 21/28 | €52,354 | €48,229 | -€4,125 | -7.9% |
| Tangible fixed assets | 22/27 | €52,354 | €48,229 | -€4,125 | -7.9% |
| Land and buildings | 22 | €13,443 | €11,189 | -€2,254 | -16.8% |
| Plant, machinery and equipment | 23 | €5,746 | €4,555 | -€1,191 | -20.7% |
| Furniture and vehicles | 24 | €33,165 | €32,485 | -€680 | -2.1% |
| Current assets | 29/58 | €154,771 | €170,783 | +€16,012 | +10.3% |
| Stocks and contracts in progress | 3 | €20,508 | €18,964 | -€1,544 | -7.5% |
| Stocks | 30/36 | €20,508 | €18,964 | -€1,544 | -7.5% |
| Amounts receivable within one year | 40/41 | €71,404 | €94,797 | +€23,393 | +32.8% |
| Trade receivables | 40 | €3,000 | €4,121 | +€1,121 | +37.4% |
| Other amounts receivable | 41 | €68,404 | €90,676 | +€22,272 | +32.6% |
| Cash at bank and in hand | 54/58 | €56,100 | €50,058 | -€6,042 | -10.8% |
| Deferred charges and accrued income | 490/1 | €6,759 | €6,964 | +€205 | +3.0% |
| Total equity and liabilities | 10/49 | €207,125 | €219,012 | +€11,887 | +5.7% |
| Equity | 10/15 | €163,508 | €175,014 | +€11,506 | +7.0% |
| Contributions | 10/11 | €8,057 | €8,057 | = | 0.0% |
| Reserves | 13 | €15,442 | €15,442 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,442 | €15,442 | = | 0.0% |
| Other | 1319 | €15,442 | €15,442 | = | 0.0% |
| Profit (loss) carried forward | 14 | €140,009 | €151,515 | +€11,506 | +8.2% |
| Amounts payable | 17/49 | €43,617 | €43,998 | +€381 | +0.9% |
| Amounts payable after more than one year | 17 | €18,065 | €10,523 | -€7,542 | -41.7% |
| Financial debts | 170/4 | €18,065 | €10,523 | -€7,542 | -41.7% |
| Amounts payable within one year | 42/48 | €25,552 | €33,475 | +€7,923 | +31.0% |
| Current portion of amounts payable after more than one year | 42 | €7,254 | €7,542 | +€288 | +4.0% |
| Trade debts | 44 | €11,930 | €21,748 | +€9,818 | +82.3% |
| Suppliers | 440/4 | €11,930 | €21,748 | +€9,818 | +82.3% |
| Taxes, remuneration and social security | 45 | €6,368 | €4,185 | -€2,183 | -34.3% |
| Taxes | 450/3 | €6,368 | €4,185 | -€2,183 | -34.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,904 | €4,750 | -€5,154 | -52.0% |
| Other operating charges | 640/8 | €2,362 | €2,062 | -€300 | -12.7% |
| Gross operating margin | 9900 | €16,068 | €16,316 | +€248 | +1.5% |
| Operating profit (loss) | 9901 | €3,802 | €9,504 | +€5,702 | +150.0% |
| Financial income | 75/76B | €3,763 | €4,287 | +€524 | +13.9% |
| Recurring financial income | 75 | €3,763 | €4,287 | +€524 | +13.9% |
| Financial charges | 65/66B | €1,666 | €2,285 | +€619 | +37.2% |
| Recurring financial charges | 65 | €1,666 | €1,605 | -€61 | -3.7% |
| Non-recurring financial charges | 66B | - | €680 | +€680 | |
| Profit (loss) for the period before taxes | 9903 | €5,899 | €11,506 | +€5,607 | +95.1% |
| Income taxes | 67/77 | €3,131 | - | -€3,131 | |
| Profit (loss) for the period | 9904 | €2,768 | €11,506 | +€8,738 | +315.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,768 | €11,506 | +€8,738 | +315.7% |
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 9 October 2026 via checked.be.