PASYBO: 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.
PASYBO
Largest movements
- Current investments +€58,061
up €58,061 (+33.0%), from €175,917 to €233,977
- Tangible fixed assets -€54,197
down €54,197 (-13.4%), from €404,586 to €350,389
of which Land and buildings: -€32,688
- Cash +€17,082
up €17,082 (+45.5%), from €37,539 to €54,621
mainly Depreciation (+€58,358) and Net result for the year (+€34,983)
- Stocks and contracts -€9,968
down €9,968 (-41.3%), from €24,158 to €14,190
- Reserves +€33,265
up €33,265 (+6.4%), from €522,803 to €556,068
- Debts after one year -€20,415
down €20,415 (-32.0%), from €63,801 to €43,386
- Current portion of long-term debt -€10,801
down €10,801 (-34.9%), from €30,916 to €20,115
- Trade debts +€9,639
up €9,639 (+316%), from €3,046 to €12,685
- Gross operating margin -€2,147
down €2,147 (-1.9%), from €111,636 to €109,490
- Depreciation -€1,688
down €1,688 (-2.8%), from €60,046 to €58,358
- Taxes +€1,600
up €1,600 (+12.7%), from €12,613 to €14,213
- Financial income +€1,494
up €1,494 (+72.8%), from €2,051 to €3,545
- Financial charges -€1,396
down €1,396 (-31.3%), from €4,467 to €3,071
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 | €702,216 | €710,739 | +€8,523 | +1.2% |
| Fixed assets | 21/28 | €404,586 | €350,389 | -€54,197 | -13.4% |
| Tangible fixed assets | 22/27 | €404,586 | €350,389 | -€54,197 | -13.4% |
| Land and buildings | 22 | €305,128 | €272,440 | -€32,688 | -10.7% |
| Plant, machinery and equipment | 23 | €22,156 | €17,823 | -€4,333 | -19.6% |
| Furniture and vehicles | 24 | €77,303 | €60,127 | -€17,176 | -22.2% |
| Current assets | 29/58 | €297,630 | €360,350 | +€62,719 | +21.1% |
| Stocks and contracts in progress | 3 | €24,158 | €14,190 | -€9,968 | -41.3% |
| Stocks | 30/36 | €24,158 | €14,190 | -€9,968 | -41.3% |
| Amounts receivable within one year | 40/41 | €45,828 | €46,635 | +€807 | +1.8% |
| Trade receivables | 40 | €22,582 | €29,369 | +€6,787 | +30.1% |
| Other amounts receivable | 41 | €23,245 | €17,266 | -€5,980 | -25.7% |
| Current investments | 50/53 | €175,917 | €233,977 | +€58,061 | +33.0% |
| Cash at bank and in hand | 54/58 | €37,539 | €54,621 | +€17,082 | +45.5% |
| Deferred charges and accrued income | 490/1 | €14,188 | €10,926 | -€3,263 | -23.0% |
| Total equity and liabilities | 10/49 | €702,216 | €710,739 | +€8,523 | +1.2% |
| Equity | 10/15 | €533,003 | €566,268 | +€33,265 | +6.2% |
| Contributions | 10/11 | €10,200 | €10,200 | = | 0.0% |
| Reserves | 13 | €522,803 | €556,068 | +€33,265 | +6.4% |
| Distributable reserves | 133 | €522,803 | €556,068 | +€33,265 | +6.4% |
| Provisions and deferred taxes | 16 | €61,000 | €61,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €61,000 | €61,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €61,000 | €61,000 | = | 0.0% |
| Amounts payable | 17/49 | €108,213 | €83,471 | -€24,742 | -22.9% |
| Amounts payable after more than one year | 17 | €63,801 | €43,386 | -€20,415 | -32.0% |
| Financial debts | 170/4 | €63,801 | €43,386 | -€20,415 | -32.0% |
| Amounts payable within one year | 42/48 | €41,794 | €39,154 | -€2,640 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €30,916 | €20,115 | -€10,801 | -34.9% |
| Trade debts | 44 | €3,046 | €12,685 | +€9,639 | +316% |
| Suppliers | 440/4 | €3,046 | €12,685 | +€9,639 | +316% |
| Advances received on contracts in progress | 46 | €175 | €188 | +€13 | +7.5% |
| Taxes, remuneration and social security | 45 | €3,889 | €3,498 | -€391 | -10.1% |
| Taxes | 450/3 | €3,889 | €3,498 | -€391 | -10.1% |
| Other amounts payable | 47/48 | €3,768 | €2,668 | -€1,100 | -29.2% |
| Accrued charges and deferred income | 492/3 | €2,619 | €931 | -€1,687 | -64.4% |
| Non-recurring operating income | 76A | €16,063 | - | -€16,063 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,046 | €58,358 | -€1,688 | -2.8% |
| Other operating charges | 640/8 | €2,111 | €2,410 | +€299 | +14.2% |
| Gross operating margin | 9900 | €111,636 | €109,490 | -€2,147 | -1.9% |
| Operating profit (loss) | 9901 | €49,479 | €48,722 | -€757 | -1.5% |
| Financial income | 75/76B | €2,051 | €3,545 | +€1,494 | +72.8% |
| Recurring financial income | 75 | €2,051 | €3,545 | +€1,494 | +72.8% |
| Financial charges | 65/66B | €4,467 | €3,071 | -€1,396 | -31.3% |
| Recurring financial charges | 65 | €4,467 | €3,071 | -€1,396 | -31.3% |
| Profit (loss) for the period before taxes | 9903 | €47,063 | €49,196 | +€2,133 | +4.5% |
| Income taxes | 67/77 | €12,613 | €14,213 | +€1,600 | +12.7% |
| Profit (loss) for the period | 9904 | €34,449 | €34,983 | +€533 | +1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €34,449 | €34,983 | +€533 | +1.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.