PASI: 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.
PASI
Largest movements
- Tangible fixed assets -€30,860
down €30,860 (-7.4%), from €419,253 to €388,394
of which Land and buildings: -€34,126
- Cash +€16,209
up €16,209 (+238%), from €6,800 to €23,009
mainly Net result for the year (+€56,418) and Depreciation (+€34,769)
- Revaluation surpluses -€74,550
down €74,550 (-59.6%), from €125,000 to €50,450
- Reserves +€74,550
up €74,550 (+264%), from €28,276 to €102,826
of which Distributable reserves: +€74,550
- Profit (loss) carried forward +€56,418
up €56,418 (+49.5%), from €113,864 to €170,282
- Current portion of long-term debt -€34,183
down €34,183 (-55.1%), from €62,037 to €27,854
- Debts after one year -€25,805
down €25,805 (-66.2%), from €38,964 to €13,158
- Gross operating margin +€9,163
up €9,163 (+9.3%), from €98,681 to €107,844
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 | €573,851 | €558,729 | -€15,122 | -2.6% |
| Fixed assets | 21/28 | €419,253 | €388,394 | -€30,860 | -7.4% |
| Tangible fixed assets | 22/27 | €419,253 | €388,394 | -€30,860 | -7.4% |
| Land and buildings | 22 | €419,253 | €385,127 | -€34,126 | -8.1% |
| Plant, machinery and equipment | 23 | - | €3,266 | +€3,266 | |
| Current assets | 29/58 | €154,598 | €170,335 | +€15,737 | +10.2% |
| Amounts receivable within one year | 40/41 | €146,919 | €146,919 | = | 0.0% |
| Other amounts receivable | 41 | €146,919 | €146,919 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €6,800 | €23,009 | +€16,209 | +238% |
| Deferred charges and accrued income | 490/1 | €879 | €407 | -€472 | -53.7% |
| Total equity and liabilities | 10/49 | €573,851 | €558,729 | -€15,122 | -2.6% |
| Equity | 10/15 | €378,693 | €435,111 | +€56,418 | +14.9% |
| Contributions | 10/11 | €111,552 | €111,552 | = | 0.0% |
| Revaluation surpluses | 12 | €125,000 | €50,450 | -€74,550 | -59.6% |
| Reserves | 13 | €28,276 | €102,826 | +€74,550 | +264% |
| Non-distributable reserves | 130/1 | €11,155 | €11,155 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,155 | €11,155 | = | 0.0% |
| Distributable reserves | 133 | €17,121 | €91,671 | +€74,550 | +435% |
| Profit (loss) carried forward | 14 | €113,864 | €170,282 | +€56,418 | +49.5% |
| Amounts payable | 17/49 | €195,158 | €123,618 | -€71,540 | -36.7% |
| Amounts payable after more than one year | 17 | €38,964 | €13,158 | -€25,805 | -66.2% |
| Financial debts | 170/4 | €38,964 | €13,158 | -€25,805 | -66.2% |
| Amounts payable within one year | 42/48 | €148,885 | €102,028 | -€46,857 | -31.5% |
| Current portion of amounts payable after more than one year | 42 | €62,037 | €27,854 | -€34,183 | -55.1% |
| Trade debts | 44 | €1,562 | €481 | -€1,081 | -69.2% |
| Suppliers | 440/4 | €1,562 | €481 | -€1,081 | -69.2% |
| Taxes, remuneration and social security | 45 | €7,237 | €9,644 | +€2,407 | +33.3% |
| Taxes | 450/3 | €7,237 | €9,644 | +€2,407 | +33.3% |
| Other amounts payable | 47/48 | €78,049 | €64,049 | -€14,000 | -17.9% |
| Accrued charges and deferred income | 492/3 | €7,310 | €8,432 | +€1,122 | +15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,132 | €34,769 | +€636 | +1.9% |
| Other operating charges | 640/8 | €980 | - | -€980 | |
| Gross operating margin | 9900 | €98,681 | €107,844 | +€9,163 | +9.3% |
| Operating profit (loss) | 9901 | €63,569 | €73,075 | +€9,506 | +15.0% |
| Financial charges | 65/66B | €2,312 | €1,568 | -€744 | -32.2% |
| Recurring financial charges | 65 | €2,312 | €1,568 | -€744 | -32.2% |
| Profit (loss) for the period before taxes | 9903 | €61,257 | €71,507 | +€10,250 | +16.7% |
| Income taxes | 67/77 | €15,314 | €15,089 | -€225 | -1.5% |
| Profit (loss) for the period | 9904 | €45,943 | €56,418 | +€10,475 | +22.8% |
| Profit (loss) for the period to be appropriated | 9905 | €45,943 | €56,418 | +€10,475 | +22.8% |
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 15 October 2026 via checked.be.