PASIMAL: 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.
PASIMAL
Largest movements
- Cash -€458,402
down €458,402 (-27.6%), from €1.7m to €1.2m
mainly Contributions, distributions and other (-€309,000) and Investment in fixed assets (net) (-€242,035)
- Tangible fixed assets +€163,489
up €163,489 (+12.4%), from €1.3m to €1.5m
of which Land and buildings: +€164,207
- Reserves -€396,000
down €396,000 (-14.8%), from €2.7m to €2.3m
- Other debts +€125,545
up €125,545 (+112.6%), from €111,472 to €237,017
- Depreciation +€29,007
up €29,007 (+58.6%), from €49,539 to €78,546
- Gross operating margin -€18,385
down €18,385, from €17,117 to -€1,268
- Financial income +€3,833
up €3,833 (+167.1%), from €2,294 to €6,127
- Other operating charges +€928
up €928 (+13.2%), from €7,047 to €7,975
- Financial charges -€771
down €771 (-13.0%), from €5,939 to €5,168
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,985,463 | €2,693,252 | -€292,211 | -9.8% |
| Fixed assets | 21/28 | €1,322,454 | €1,485,943 | +€163,489 | +12.4% |
| Tangible fixed assets | 22/27 | €1,322,454 | €1,485,943 | +€163,489 | +12.4% |
| Land and buildings | 22 | €1,321,737 | €1,485,943 | +€164,207 | +12.4% |
| Furniture and vehicles | 24 | €717 | €0 | -€717 | -100.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €1,663,009 | €1,207,309 | -€455,701 | -27.4% |
| Amounts receivable within one year | 40/41 | €531 | €3,090 | +€2,559 | +482.1% |
| Trade receivables | 40 | - | €1,261 | +€1,261 | |
| Other amounts receivable | 41 | €531 | €1,828 | +€1,298 | +244.5% |
| Cash at bank and in hand | 54/58 | €1,661,525 | €1,203,123 | -€458,402 | -27.6% |
| Deferred charges and accrued income | 490/1 | €954 | €1,096 | +€143 | +14.9% |
| Total equity and liabilities | 10/49 | €2,985,463 | €2,693,252 | -€292,211 | -9.8% |
| Equity | 10/15 | €2,690,659 | €2,294,669 | -€395,990 | -14.7% |
| Contributions | 10/11 | €14,752 | €14,752 | = | 0.0% |
| Reserves | 13 | €2,675,850 | €2,279,850 | -€396,000 | -14.8% |
| Distributable reserves | 133 | €2,675,850 | €2,279,850 | -€396,000 | -14.8% |
| Profit (loss) carried forward | 14 | €57 | €67 | +€10 | +18.3% |
| Amounts payable | 17/49 | €294,804 | €398,583 | +€103,778 | +35.2% |
| Amounts payable after more than one year | 17 | €152,968 | €124,114 | -€28,854 | -18.9% |
| Financial debts | 170/4 | €152,968 | €124,114 | -€28,854 | -18.9% |
| Amounts payable within one year | 42/48 | €141,799 | €273,314 | +€131,516 | +92.7% |
| Current portion of amounts payable after more than one year | 42 | €28,033 | €28,854 | +€821 | +2.9% |
| Trade debts | 44 | €2,138 | €7,443 | +€5,305 | +248.1% |
| Suppliers | 440/4 | €2,138 | €7,443 | +€5,305 | +248.1% |
| Taxes, remuneration and social security | 45 | €155 | €0 | -€155 | -100.0% |
| Taxes | 450/3 | €155 | €0 | -€155 | -100.0% |
| Other amounts payable | 47/48 | €111,472 | €237,017 | +€125,545 | +112.6% |
| Accrued charges and deferred income | 492/3 | €38 | €1,154 | +€1,116 | +2944.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,539 | €78,546 | +€29,007 | +58.6% |
| Other operating charges | 640/8 | €7,047 | €7,975 | +€928 | +13.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €17,117 | -€1,268 | -€18,385 | |
| Operating profit (loss) | 9901 | -€39,469 | -€87,788 | -€48,319 | -122.4% |
| Financial income | 75/76B | €2,294 | €6,127 | +€3,833 | +167.1% |
| Recurring financial income | 75 | €2,294 | €6,127 | +€3,833 | +167.1% |
| Financial charges | 65/66B | €5,939 | €5,168 | -€771 | -13.0% |
| Recurring financial charges | 65 | €5,939 | €5,168 | -€771 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | -€43,114 | -€86,830 | -€43,716 | -101.4% |
| Income taxes | 67/77 | €157 | €160 | +€3 | +1.8% |
| Profit (loss) for the period | 9904 | -€43,271 | -€86,990 | -€43,719 | -101.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€43,271 | -€86,990 | -€43,719 | -101.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.