PASIMCO: 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.
PASIMCO
Largest movements
- Tangible fixed assets -€42,055
down €42,055 (-8.8%), from €475,875 to €433,820
of which Land and buildings: -€38,836
- Cash -€32,451
down €32,451 (-99.7%), from €32,535 to €84
mainly Net result for the year (-€74,046) and Investment in fixed assets (net) (-€57,974)
- Profit (loss) carried forward -€74,046
down €74,046 (-10.4%), from -€715,093 to -€789,139
- Trade debts -€28,684
down €28,684 (-100.0%), from €28,684 to €0
- Other debts +€28,149
up €28,149 (+2.8%), from €1.0m to €1.0m
- Depreciation +€7,262
up €7,262 (+7.8%), from €92,768 to €100,030
- Gross operating margin -€3,319
down €3,319 (-10.4%), from €31,898 to €28,578
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 | €510,839 | €436,353 | -€74,486 | -14.6% |
| Fixed assets | 21/28 | €475,875 | €433,820 | -€42,055 | -8.8% |
| Tangible fixed assets | 22/27 | €475,875 | €433,820 | -€42,055 | -8.8% |
| Land and buildings | 22 | €460,298 | €421,462 | -€38,836 | -8.4% |
| Plant, machinery and equipment | 23 | €15,578 | €12,358 | -€3,220 | -20.7% |
| Current assets | 29/58 | €34,963 | €2,533 | -€32,431 | -92.8% |
| Cash at bank and in hand | 54/58 | €32,535 | €84 | -€32,451 | -99.7% |
| Deferred charges and accrued income | 490/1 | €2,428 | €2,448 | +€21 | +0.9% |
| Total equity and liabilities | 10/49 | €510,839 | €436,353 | -€74,486 | -14.6% |
| Equity | 10/15 | -€531,596 | -€605,642 | -€74,046 | -13.9% |
| Contributions | 10/11 | €171,355 | €171,355 | = | 0.0% |
| Capital | 10 | €171,355 | €171,355 | = | 0.0% |
| Issued capital | 100 | €171,355 | €171,355 | = | 0.0% |
| Revaluation surpluses | 12 | €8,057 | €8,057 | = | 0.0% |
| Reserves | 13 | €4,085 | €4,085 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,085 | €4,085 | = | 0.0% |
| Legal reserve | 130 | €4,085 | €4,085 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€715,093 | -€789,139 | -€74,046 | -10.4% |
| Amounts payable | 17/49 | €1,042,434 | €1,041,994 | -€440 | 0.0% |
| Amounts payable within one year | 42/48 | €1,038,126 | €1,037,591 | -€536 | -0.1% |
| Trade debts | 44 | €28,684 | €0 | -€28,684 | -100.0% |
| Suppliers | 440/4 | €28,684 | €0 | -€28,684 | -100.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,009,442 | €1,037,591 | +€28,149 | +2.8% |
| Accrued charges and deferred income | 492/3 | €4,308 | €4,404 | +€96 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,768 | €100,030 | +€7,262 | +7.8% |
| Other operating charges | 640/8 | €2,410 | €2,485 | +€75 | +3.1% |
| Gross operating margin | 9900 | €31,898 | €28,578 | -€3,319 | -10.4% |
| Operating profit (loss) | 9901 | -€63,280 | -€73,937 | -€10,656 | -16.8% |
| Financial charges | 65/66B | €100 | €109 | +€10 | +9.7% |
| Recurring financial charges | 65 | €100 | €109 | +€10 | +9.7% |
| Profit (loss) for the period before taxes | 9903 | -€63,380 | -€74,046 | -€10,666 | -16.8% |
| Profit (loss) for the period | 9904 | -€63,380 | -€74,046 | -€10,666 | -16.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€63,380 | -€74,046 | -€10,666 | -16.8% |
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 2 October 2026 via checked.be.