PASFIT: 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.
PASFIT
Largest movements
- Cash +€40,551
up €40,551 (+421%), from €9,626 to €50,177
mainly Net result for the year (+€38,550) and Trade debts (+€8,851)
- Receivables within one year +€8,950
up €8,950 (+5.1%), from €176,923 to €185,873
of which Other amounts receivable: +€26,374
- Tangible fixed assets -€2,875
down €2,875 (-10.3%), from €27,849 to €24,974
of which Land and buildings: -€2,826
- Profit (loss) carried forward +€38,550
up €38,550 (+48.8%), from €79,044 to €117,595
- Trade debts +€8,851
up €8,851 (+2,047%), from €433 to €9,284
- Other debts -€3,100
down €3,100 (-3.7%), from €83,534 to €80,434
- Gross operating margin -€19,028
down €19,028 (-28.7%), from €66,201 to €47,174
- Depreciation -€10,039
down €10,039 (-77.7%), from €12,913 to €2,875
- Financial income -€5,564
down €5,564 (-100.0%), from €5,564 to €0
- Taxes +€4,270
new in 2025: €4,270
- Other operating charges -€804
down €804 (-40.2%), from €2,001 to €1,197
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 | €215,128 | €261,754 | +€46,627 | +21.7% |
| Fixed assets | 21/28 | €28,579 | €25,704 | -€2,875 | -10.1% |
| Tangible fixed assets | 22/27 | €27,849 | €24,974 | -€2,875 | -10.3% |
| Land and buildings | 22 | €23,647 | €20,821 | -€2,826 | -11.9% |
| Plant, machinery and equipment | 23 | €4,153 | €4,153 | = | 0.0% |
| Furniture and vehicles | 24 | €49 | €0 | -€49 | -100% |
| Financial fixed assets | 28 | €730 | €730 | = | 0.0% |
| Current assets | 29/58 | €186,549 | €236,050 | +€49,501 | +26.5% |
| Amounts receivable within one year | 40/41 | €176,923 | €185,873 | +€8,950 | +5.1% |
| Trade receivables | 40 | €17,424 | €0 | -€17,424 | -100% |
| Other amounts receivable | 41 | €159,499 | €185,873 | +€26,374 | +16.5% |
| Cash at bank and in hand | 54/58 | €9,626 | €50,177 | +€40,551 | +421% |
| Total equity and liabilities | 10/49 | €215,128 | €261,754 | +€46,627 | +21.7% |
| Equity | 10/15 | €119,879 | €158,429 | +€38,550 | +32.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €34,635 | €34,635 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €32,775 | €32,775 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,044 | €117,595 | +€38,550 | +48.8% |
| Amounts payable | 17/49 | €95,249 | €103,325 | +€8,076 | +8.5% |
| Amounts payable within one year | 42/48 | €95,249 | €103,325 | +€8,076 | +8.5% |
| Trade debts | 44 | €433 | €9,284 | +€8,851 | +2,047% |
| Suppliers | 440/4 | €433 | €9,284 | +€8,851 | +2,047% |
| Taxes, remuneration and social security | 45 | €11,282 | €13,607 | +€2,325 | +20.6% |
| Taxes | 450/3 | €11,282 | €13,607 | +€2,325 | +20.6% |
| Other amounts payable | 47/48 | €83,534 | €80,434 | -€3,100 | -3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,913 | €2,875 | -€10,039 | -77.7% |
| Other operating charges | 640/8 | €2,001 | €1,197 | -€804 | -40.2% |
| Gross operating margin | 9900 | €66,201 | €47,174 | -€19,028 | -28.7% |
| Operating profit (loss) | 9901 | €51,288 | €43,103 | -€8,185 | -16.0% |
| Financial income | 75/76B | €5,564 | €0 | -€5,564 | -100.0% |
| Recurring financial income | 75 | €5,564 | €0 | -€5,564 | -100.0% |
| Financial charges | 65/66B | €443 | €283 | -€160 | -36.2% |
| Recurring financial charges | 65 | €443 | €283 | -€160 | -36.2% |
| Profit (loss) for the period before taxes | 9903 | €56,409 | €42,820 | -€13,588 | -24.1% |
| Income taxes | 67/77 | - | €4,270 | +€4,270 | |
| Profit (loss) for the period | 9904 | €56,409 | €38,550 | -€17,858 | -31.7% |
| Profit (loss) for the period to be appropriated | 9905 | €56,409 | €38,550 | -€17,858 | -31.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.