PASQUA: 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.
PASQUA
Largest movements
- Cash +€404,754
up €404,754 (+1637.2%), from €24,722 to €429,476
mainly Receivables within one year (+€241,200) and Net result for the year (+€142,234)
- Receivables within one year -€241,200
down €241,200 (-75.7%), from €318,584 to €77,384
of which Other amounts receivable: -€235,161
- Current investments -€64,765
down €64,765 (-39.2%), from €165,273 to €100,508
- Tangible fixed assets -€9,668
down €9,668 (-11.7%), from €82,493 to €72,824
of which Furniture and vehicles: -€6,611
- Reserves +€79,968
up €79,968 (+13.1%), from €609,289 to €689,256
- Tax, wage and social debts +€13,085
up €13,085 (+69.7%), from €18,767 to €31,852
- Financial income +€4,826
up €4,826 (+90.3%), from €5,348 to €10,174
- Taxes +€3,046
up €3,046 (+5.1%), from €60,292 to €63,338
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 | €690,551 | €781,740 | +€91,189 | +13.2% |
| Fixed assets | 21/28 | €98,961 | €89,293 | -€9,668 | -9.8% |
| Tangible fixed assets | 22/27 | €82,493 | €72,824 | -€9,668 | -11.7% |
| Land and buildings | 22 | €65,539 | €62,782 | -€2,757 | -4.2% |
| Furniture and vehicles | 24 | €15,754 | €9,143 | -€6,611 | -42.0% |
| Other tangible fixed assets | 26 | €1,200 | €900 | -€300 | -25.0% |
| Financial fixed assets | 28 | €16,468 | €16,468 | = | 0.0% |
| Current assets | 29/58 | €591,590 | €692,447 | +€100,857 | +17.0% |
| Stocks and contracts in progress | 3 | €77,335 | €83,332 | +€5,996 | +7.8% |
| Stocks | 30/36 | €77,335 | €83,332 | +€5,996 | +7.8% |
| Amounts receivable within one year | 40/41 | €318,584 | €77,384 | -€241,200 | -75.7% |
| Trade receivables | 40 | €12,588 | €6,549 | -€6,039 | -48.0% |
| Other amounts receivable | 41 | €305,996 | €70,835 | -€235,161 | -76.9% |
| Current investments | 50/53 | €165,273 | €100,508 | -€64,765 | -39.2% |
| Cash at bank and in hand | 54/58 | €24,722 | €429,476 | +€404,754 | +1637.2% |
| Deferred charges and accrued income | 490/1 | €5,675 | €1,747 | -€3,928 | -69.2% |
| Total equity and liabilities | 10/49 | €690,551 | €781,740 | +€91,189 | +13.2% |
| Equity | 10/15 | €615,494 | €695,462 | +€79,968 | +13.0% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €609,289 | €689,256 | +€79,968 | +13.1% |
| Distributable reserves | 133 | €609,289 | €689,256 | +€79,968 | +13.1% |
| Amounts payable | 17/49 | €75,057 | €86,279 | +€11,221 | +15.0% |
| Amounts payable after more than one year | 17 | €41,195 | €36,149 | -€5,047 | -12.3% |
| Financial debts | 170/4 | €41,195 | €36,149 | -€5,047 | -12.3% |
| Amounts payable within one year | 42/48 | €33,862 | €50,130 | +€16,268 | +48.0% |
| Current portion of amounts payable after more than one year | 42 | €4,897 | €5,047 | +€149 | +3.0% |
| Trade debts | 44 | €10,197 | €13,231 | +€3,034 | +29.8% |
| Suppliers | 440/4 | €10,197 | €13,231 | +€3,034 | +29.8% |
| Taxes, remuneration and social security | 45 | €18,767 | €31,852 | +€13,085 | +69.7% |
| Taxes | 450/3 | €18,767 | €31,852 | +€13,085 | +69.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,848 | €9,668 | -€180 | -1.8% |
| Other operating charges | 640/8 | €4,625 | €3,948 | -€676 | -14.6% |
| Gross operating margin | 9900 | €214,152 | €212,161 | -€1,991 | -0.9% |
| Operating profit (loss) | 9901 | €199,680 | €198,545 | -€1,135 | -0.6% |
| Financial income | 75/76B | €5,348 | €10,174 | +€4,826 | +90.3% |
| Recurring financial income | 75 | €5,348 | €10,174 | +€4,826 | +90.3% |
| Financial charges | 65/66B | €4,307 | €3,147 | -€1,160 | -26.9% |
| Recurring financial charges | 65 | €4,307 | €3,147 | -€1,160 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | €200,721 | €205,572 | +€4,851 | +2.4% |
| Income taxes | 67/77 | €60,292 | €63,338 | +€3,046 | +5.1% |
| Profit (loss) for the period | 9904 | €140,428 | €142,234 | +€1,806 | +1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €140,428 | €142,234 | +€1,806 | +1.3% |
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 4 October 2026 via checked.be.