PASIG: 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.
PASIG
Largest movements
- Cash +€38,148
up €38,148 (+62.1%), from €61,438 to €99,586
mainly Net result for the year (+€36,518) and Depreciation (+€11,841)
- Tangible fixed assets -€11,841
down €11,841 (-27.6%), from €42,837 to €30,996
of which Furniture and vehicles: -€11,026
- Receivables within one year +€7,521
up €7,521 (+35.5%), from €21,202 to €28,724
of which Other amounts receivable: +€4,179
- Reserves +€36,518
up €36,518 (+71.5%), from €51,048 to €87,566
- Debts after one year -€11,994
down €11,994 (-33.6%), from €35,663 to €23,669
- Tax, wage and social debts +€9,440
up €9,440 (+41.5%), from €22,721 to €32,161
of which Taxes: +€9,440
- Gross operating margin -€26,080
down €26,080 (-30.4%), from €85,897 to €59,817
- Depreciation -€5,842
down €5,842 (-33.0%), from €17,682 to €11,841
- Taxes -€3,941
down €3,941 (-26.4%), from €14,906 to €10,965
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 | €129,720 | €162,933 | +€33,213 | +25.6% |
| Fixed assets | 21/28 | €42,837 | €30,996 | -€11,841 | -27.6% |
| Tangible fixed assets | 22/27 | €42,837 | €30,996 | -€11,841 | -27.6% |
| Plant, machinery and equipment | 23 | €2,135 | €1,320 | -€815 | -38.2% |
| Furniture and vehicles | 24 | €40,702 | €29,676 | -€11,026 | -27.1% |
| Current assets | 29/58 | €86,883 | €131,937 | +€45,054 | +51.9% |
| Amounts receivable within one year | 40/41 | €21,202 | €28,724 | +€7,521 | +35.5% |
| Trade receivables | 40 | €10,283 | €13,625 | +€3,343 | +32.5% |
| Other amounts receivable | 41 | €10,920 | €15,098 | +€4,179 | +38.3% |
| Cash at bank and in hand | 54/58 | €61,438 | €99,586 | +€38,148 | +62.1% |
| Deferred charges and accrued income | 490/1 | €4,243 | €3,627 | -€615 | -14.5% |
| Total equity and liabilities | 10/49 | €129,720 | €162,933 | +€33,213 | +25.6% |
| Equity | 10/15 | €56,048 | €92,566 | +€36,518 | +65.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €51,048 | €87,566 | +€36,518 | +71.5% |
| Distributable reserves | 133 | €51,048 | €87,566 | +€36,518 | +71.5% |
| Amounts payable | 17/49 | €73,673 | €70,367 | -€3,306 | -4.5% |
| Amounts payable after more than one year | 17 | €35,663 | €23,669 | -€11,994 | -33.6% |
| Financial debts | 170/4 | €35,663 | €23,669 | -€11,994 | -33.6% |
| Amounts payable within one year | 42/48 | €38,009 | €46,698 | +€8,688 | +22.9% |
| Current portion of amounts payable after more than one year | 42 | €11,757 | €11,994 | +€237 | +2.0% |
| Trade debts | 44 | €3,531 | €2,543 | -€989 | -28.0% |
| Suppliers | 440/4 | €3,531 | €2,543 | -€989 | -28.0% |
| Taxes, remuneration and social security | 45 | €22,721 | €32,161 | +€9,440 | +41.5% |
| Taxes | 450/3 | €19,949 | €29,388 | +€9,440 | +47.3% |
| Remuneration and social security | 454/9 | €2,773 | €2,773 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,682 | €11,841 | -€5,842 | -33.0% |
| Other operating charges | 640/8 | €50 | €464 | +€414 | +828% |
| Non-recurring operating charges | 66A | €1,156 | - | -€1,156 | |
| Gross operating margin | 9900 | €85,897 | €59,817 | -€26,080 | -30.4% |
| Operating profit (loss) | 9901 | €67,009 | €47,512 | -€19,496 | -29.1% |
| Financial income | 75/76B | €218 | €952 | +€734 | +337% |
| Recurring financial income | 75 | €218 | €952 | +€734 | +337% |
| Financial charges | 65/66B | €1,273 | €981 | -€292 | -22.9% |
| Recurring financial charges | 65 | €1,273 | €981 | -€292 | -22.9% |
| Profit (loss) for the period before taxes | 9903 | €65,953 | €47,483 | -€18,470 | -28.0% |
| Income taxes | 67/77 | €14,906 | €10,965 | -€3,941 | -26.4% |
| Profit (loss) for the period | 9904 | €51,048 | €36,518 | -€14,529 | -28.5% |
| Profit (loss) for the period to be appropriated | 9905 | €51,048 | €36,518 | -€14,529 | -28.5% |
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 16 October 2026 via checked.be.