PASVORM - WONING: what changed
What changed
PASVORM - WONING
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
-€5,764
2024 · €33,923-€39,686
Equity
€88,941
2024 · €94,704-€5,764
Cash
€24,812
2024 · €93,848-€69,036
Balance sheet total
€227,199
2024 · €333,440-€106,241
Largest movements
Assets
- Cash -€69,036
down €69,036 (-73.6%), from €93,848 to €24,812
mainly Debts after one year (-€26,441) and Trade debts (-€25,527)
- Tangible fixed assets -€29,859
down €29,859 (-17.4%), from €171,490 to €141,631
of which Land and buildings: -€18,140
- Deferred charges and accrued income -€5,022
down €5,022 (-85.9%), from €5,848 to €826
Equity and liabilities
- Debts after one year -€26,441
down €26,441 (-25.8%), from €102,299 to €75,858
- Trade debts -€25,527
down €25,527 (-60.7%), from €42,045 to €16,517
- Short-term financial debts -€25,000
down €25,000 (-100%), from €25,000 to €0
- Tax, wage and social debts -€15,013
down €15,013 (-60.1%), from €24,983 to €9,970
of which Taxes: -€13,313
- Other debts -€12,551
down €12,551 (-83.7%), from €15,000 to €2,449
Income statement
- Gross operating margin -€209,269
down €209,269 (-82.7%), from €252,910 to €43,641
- Other operating charges -€140,257
down €140,257 (-92.3%), from €151,906 to €11,649
- Depreciation -€24,539
down €24,539 (-42.9%), from €57,214 to €32,676
- Financial charges -€4,619
down €4,619 (-44.0%), from €10,505 to €5,886
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€33,923
Gross operating margin
-€209,269
Depreciation
+€24,539
Other operating charges
+€140,257
Financial income
+€168
Financial charges
+€4,619
Result 2025
-€5,764
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€15,639
Investment
-€2,817
Financing
-€50,580
Cash 2024
€93,848
From operations (derived)
-€15,639
Net result for the year
-€5,764
Depreciation
+€32,676
Stocks and contracts
+€1,995
Receivables within one year
+€329
Deferred charges and accrued income
+€5,022
Trade debts
-€25,527
Tax, wage and social debts
-€15,013
Other debts
-€12,551
Accrued charges and deferred income
+€3,195
Investment (derived)
-€2,817
Investment in fixed assets (net)
-€2,817
Financing
-€50,580
Debts after one year
-€26,441
Current portion of long-term debt
+€861
Short-term financial debts
-€25,000
Cash 2025
€24,812
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €333,440 | €227,199 | -€106,241 | -31.9% |
| Fixed assets | 21/28 | €173,388 | €143,529 | -€29,859 | -17.2% |
| Tangible fixed assets | 22/27 | €171,490 | €141,631 | -€29,859 | -17.4% |
| Land and buildings | 22 | €133,899 | €115,759 | -€18,140 | -13.5% |
| Plant, machinery and equipment | 23 | €21,284 | €15,014 | -€6,270 | -29.5% |
| Furniture and vehicles | 24 | €16,307 | €10,858 | -€5,449 | -33.4% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €1,898 | €1,898 | = | 0.0% |
| Current assets | 29/58 | €160,052 | €83,670 | -€76,382 | -47.7% |
| Stocks and contracts in progress | 3 | €3,655 | €1,660 | -€1,995 | -54.6% |
| Stocks | 30/36 | €3,655 | €1,660 | -€1,995 | -54.6% |
| Amounts receivable within one year | 40/41 | €56,700 | €56,372 | -€329 | -0.6% |
| Trade receivables | 40 | €40,361 | €48,167 | +€7,806 | +19.3% |
| Other amounts receivable | 41 | €16,339 | €8,204 | -€8,135 | -49.8% |
| Cash at bank and in hand | 54/58 | €93,848 | €24,812 | -€69,036 | -73.6% |
| Deferred charges and accrued income | 490/1 | €5,848 | €826 | -€5,022 | -85.9% |
| Total equity and liabilities | 10/49 | €333,440 | €227,199 | -€106,241 | -31.9% |
| Equity | 10/15 | €94,704 | €88,941 | -€5,764 | -6.1% |
| Contributions | 10/11 | €26,029 | €26,029 | = | 0.0% |
| Revaluation surpluses | 12 | €0 | - | = | |
| Reserves | 13 | €202,469 | €202,469 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €202,469 | €202,469 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€133,794 | -€139,558 | -€5,764 | -4.3% |
| Amounts payable | 17/49 | €238,736 | €138,259 | -€100,477 | -42.1% |
| Amounts payable after more than one year | 17 | €102,299 | €75,858 | -€26,441 | -25.8% |
| Financial debts | 170/4 | €102,299 | €75,858 | -€26,441 | -25.8% |
| Amounts payable within one year | 42/48 | €132,608 | €55,378 | -€77,231 | -58.2% |
| Current portion of amounts payable after more than one year | 42 | €25,580 | €26,441 | +€861 | +3.4% |
| Financial debts | 43 | €25,000 | €0 | -€25,000 | -100% |
| Credit institutions | 430/8 | €25,000 | €0 | -€25,000 | -100% |
| Trade debts | 44 | €42,045 | €16,517 | -€25,527 | -60.7% |
| Suppliers | 440/4 | €42,045 | €16,517 | -€25,527 | -60.7% |
| Taxes, remuneration and social security | 45 | €24,983 | €9,970 | -€15,013 | -60.1% |
| Taxes | 450/3 | €23,283 | €9,970 | -€13,313 | -57.2% |
| Remuneration and social security | 454/9 | €1,700 | €0 | -€1,700 | -100% |
| Other amounts payable | 47/48 | €15,000 | €2,449 | -€12,551 | -83.7% |
| Accrued charges and deferred income | 492/3 | €3,829 | €7,023 | +€3,195 | +83.4% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,214 | €32,676 | -€24,539 | -42.9% |
| Other operating charges | 640/8 | €151,906 | €11,649 | -€140,257 | -92.3% |
| Gross operating margin | 9900 | €252,910 | €43,641 | -€209,269 | -82.7% |
| Operating profit (loss) | 9901 | €43,789 | -€684 | -€44,473 | |
| Financial income | 75/76B | €638 | €806 | +€168 | +26.3% |
| Recurring financial income | 75 | €638 | €806 | +€168 | +26.3% |
| Financial charges | 65/66B | €10,505 | €5,886 | -€4,619 | -44.0% |
| Recurring financial charges | 65 | €10,505 | €5,886 | -€4,619 | -44.0% |
| Profit (loss) for the period before taxes | 9903 | €33,923 | -€5,764 | -€39,686 | |
| Profit (loss) for the period | 9904 | €33,923 | -€5,764 | -€39,686 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,923 | -€5,764 | -€39,686 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.