Pasform: what changed
Two fiscal 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.
Pasform
Largest movements
- Cash +€68,119
up €68,119 (+12.5%), from €543,732 to €611,851
mainly Net result for the year (+€93,825) and Tax, wage and social debts (+€20,764)
- Current investments +€50,000
up €50,000 (+25.0%), from €200,000 to €250,000
- Profit (loss) carried forward +€93,825
up €93,825 (+22.8%), from €411,740 to €505,565
- Tax, wage and social debts +€20,764
up €20,764 (+19.2%), from €108,061 to €128,825
- Staff costs -€102,419
down €102,419 (-11.0%), from €929,082 to €826,663
- Turnover +€14,865
up €14,865 (+9.6%), from €154,929 to €169,794
- Services and other goods +€11,644
up €11,644 (+7.6%), from €152,749 to €164,393
- Depreciation -€11,296
down €11,296 (-84.9%), from €13,308 to €2,012
- Financial income -€4,145
down €4,145 (-35.3%), from €11,737 to €7,592
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 | €851,392 | €967,164 | +€115,772 | +13.6% |
| Fixed assets | 21/28 | €4,645 | €2,633 | -€2,012 | -43.3% |
| Intangible fixed assets | 21 | €3,950 | €2,633 | -€1,317 | -33.3% |
| Tangible fixed assets | 22/27 | €695 | - | -€695 | |
| Plant, machinery and equipment | 23 | €119 | - | -€119 | |
| Furniture and vehicles | 24 | €576 | - | -€576 | |
| Current assets | 29/58 | €846,747 | €964,531 | +€117,784 | +13.9% |
| Amounts receivable within one year | 40/41 | €101,433 | €102,680 | +€1,247 | +1.2% |
| Trade receivables | 40 | €11,068 | €3,989 | -€7,079 | -64.0% |
| Other amounts receivable | 41 | €90,365 | €98,691 | +€8,326 | +9.2% |
| Current investments | 50/53 | €200,000 | €250,000 | +€50,000 | +25.0% |
| Cash at bank and in hand | 54/58 | €543,732 | €611,851 | +€68,119 | +12.5% |
| Deferred charges and accrued income | 490/1 | €1,582 | - | -€1,582 | |
| Total equity and liabilities | 10/49 | €851,392 | €967,164 | +€115,772 | +13.6% |
| Equity | 10/15 | €736,740 | €830,565 | +€93,825 | +12.7% |
| Reserves | 13 | €325,000 | €325,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €411,740 | €505,565 | +€93,825 | +22.8% |
| Amounts payable | 17/49 | €114,652 | €136,599 | +€21,947 | +19.1% |
| Amounts payable within one year | 42/48 | €114,177 | €136,599 | +€22,422 | +19.6% |
| Trade debts | 44 | €6,116 | €7,774 | +€1,658 | +27.1% |
| Suppliers | 440/4 | €6,116 | €7,774 | +€1,658 | +27.1% |
| Taxes, remuneration and social security | 45 | €108,061 | €128,825 | +€20,764 | +19.2% |
| Remuneration and social security | 454/9 | €108,061 | €128,825 | +€20,764 | +19.2% |
| Accrued charges and deferred income | 492/3 | €475 | - | -€475 | |
| Operating income | 70/76A | €1,050,687 | €1,088,998 | +€38,311 | +3.6% |
| Turnover | 70 | €154,929 | €169,794 | +€14,865 | +9.6% |
| Non-recurring operating income | 76A | - | €933 | +€933 | |
| Operating charges | 60/66A | €1,099,427 | €1,002,378 | -€97,049 | -8.8% |
| Services and other goods | 61 | €152,749 | €164,393 | +€11,644 | +7.6% |
| Remuneration, social security and pensions | 62 | €929,082 | €826,663 | -€102,419 | -11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,308 | €2,012 | -€11,296 | -84.9% |
| Other operating charges | 640/8 | €2,508 | €1,810 | -€698 | -27.8% |
| Non-recurring operating charges | 66A | €1,780 | €7,500 | +€5,720 | +321.3% |
| Operating profit (loss) | 9901 | -€48,740 | €86,620 | +€135,360 | |
| Financial income | 75/76B | €11,737 | €7,592 | -€4,145 | -35.3% |
| Recurring financial income | 75 | €11,737 | €7,592 | -€4,145 | -35.3% |
| Income from current assets | 751 | €11,694 | €7,592 | -€4,102 | -35.1% |
| Other financial income | 752/9 | €43 | - | -€43 | |
| Financial charges | 65/66B | €412 | €387 | -€25 | -6.1% |
| Recurring financial charges | 65 | €412 | €387 | -€25 | -6.1% |
| Other financial charges | 652/9 | €412 | €387 | -€25 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | -€37,415 | €93,825 | +€131,240 | |
| Profit (loss) for the period | 9904 | -€37,415 | €93,825 | +€131,240 | |
| Profit (loss) for the period to be appropriated | 9905 | -€37,415 | €93,825 | +€131,240 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.