PASTART: 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.
PASTART
Largest movements
- Cash +€19,418
up €19,418 (+12,367%), from €157 to €19,575
mainly Depreciation (+€31,612) and Net result for the year (+€19,868)
- Receivables within one year -€17,758
down €17,758 (-97.7%), from €18,183 to €425
of which Other amounts receivable: -€18,183
- Tangible fixed assets -€14,988
down €14,988 (-11.8%), from €127,205 to €112,216
of which Plant, machinery and equipment: -€8,267
- Debts after one year -€27,669
down €27,669 (-26.5%), from €104,546 to €76,877
- Profit (loss) carried forward +€19,868
up €19,868 (+39.3%), from -€50,512 to -€30,644
- Current portion of long-term debt +€3,302
up €3,302 (+12.7%), from €26,031 to €29,333
- Investment grants -€2,563
down €2,563 (-19.0%), from €13,462 to €10,899
- Trade debts -€2,482
down €2,482 (-28.9%), from €8,601 to €6,120
- Gross operating margin +€124,612
up €124,612, from -€35,352 to €89,260
- Staff costs +€26,416
up €26,416 (+798%), from €3,309 to €29,725
- Depreciation +€21,609
up €21,609 (+216%), from €10,003 to €31,612
- Financial charges +€6,264
up €6,264 (+144%), from €4,365 to €10,629
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 | €222,147 | €212,279 | -€9,868 | -4.4% |
| Fixed assets | 21/28 | €203,161 | €190,183 | -€12,978 | -6.4% |
| Intangible fixed assets | 21 | €75,956 | €77,966 | +€2,010 | +2.6% |
| Tangible fixed assets | 22/27 | €127,205 | €112,216 | -€14,988 | -11.8% |
| Plant, machinery and equipment | 23 | €44,816 | €36,550 | -€8,267 | -18.4% |
| Furniture and vehicles | 24 | €82,388 | €75,667 | -€6,722 | -8.2% |
| Current assets | 29/58 | €18,986 | €22,097 | +€3,110 | +16.4% |
| Stocks and contracts in progress | 3 | - | €1,424 | +€1,424 | |
| Stocks | 30/36 | - | €1,424 | +€1,424 | |
| Amounts receivable within one year | 40/41 | €18,183 | €425 | -€17,758 | -97.7% |
| Trade receivables | 40 | - | €425 | +€425 | |
| Other amounts receivable | 41 | €18,183 | - | -€18,183 | |
| Cash at bank and in hand | 54/58 | €157 | €19,575 | +€19,418 | +12,367% |
| Deferred charges and accrued income | 490/1 | €647 | €673 | +€27 | +4.1% |
| Total equity and liabilities | 10/49 | €222,147 | €212,279 | -€9,868 | -4.4% |
| Equity | 10/15 | €2,950 | €20,255 | +€17,305 | +587% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Contributions outside capital | 11 | €40,000 | €40,000 | = | 0.0% |
| Other | 1109/19 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,512 | -€30,644 | +€19,868 | +39.3% |
| Investment grants | 15 | €13,462 | €10,899 | -€2,563 | -19.0% |
| Amounts payable | 17/49 | €219,198 | €192,024 | -€27,173 | -12.4% |
| Amounts payable after more than one year | 17 | €104,546 | €76,877 | -€27,669 | -26.5% |
| Financial debts | 170/4 | €104,546 | €76,877 | -€27,669 | -26.5% |
| Amounts payable within one year | 42/48 | €114,651 | €115,147 | +€496 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | €26,031 | €29,333 | +€3,302 | +12.7% |
| Financial debts | 43 | €294 | - | -€294 | |
| Credit institutions | 430/8 | €294 | - | -€294 | |
| Trade debts | 44 | €8,601 | €6,120 | -€2,482 | -28.9% |
| Suppliers | 440/4 | €8,601 | €6,120 | -€2,482 | -28.9% |
| Taxes, remuneration and social security | 45 | €2,127 | €3,038 | +€912 | +42.9% |
| Taxes | 450/3 | €109 | €1,610 | +€1,501 | +1,375% |
| Remuneration and social security | 454/9 | €2,018 | €1,429 | -€589 | -29.2% |
| Other amounts payable | 47/48 | €77,598 | €76,656 | -€942 | -1.2% |
| Remuneration, social security and pensions | 62 | €3,309 | €29,725 | +€26,416 | +798% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,003 | €31,612 | +€21,609 | +216% |
| Other operating charges | 640/8 | €50 | - | -€50 | |
| Gross operating margin | 9900 | -€35,352 | €89,260 | +€124,612 | |
| Operating profit (loss) | 9901 | -€48,714 | €27,923 | +€76,636 | |
| Financial income | 75/76B | €2,566 | €2,574 | +€8 | +0.3% |
| Recurring financial income | 75 | €2,566 | €2,574 | +€8 | +0.3% |
| Financial charges | 65/66B | €4,365 | €10,629 | +€6,264 | +144% |
| Recurring financial charges | 65 | €4,365 | €10,629 | +€6,264 | +144% |
| Profit (loss) for the period before taxes | 9903 | -€50,512 | €19,868 | +€70,380 | |
| Profit (loss) for the period | 9904 | -€50,512 | €19,868 | +€70,380 | |
| Profit (loss) for the period to be appropriated | 9905 | -€50,512 | €19,868 | +€70,380 |
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 13 October 2026 via checked.be.