PASYFLEC: 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.
PASYFLEC
Largest movements
- Tangible fixed assets -€64,958
down €64,958 (-9.5%), from €680,899 to €615,940
of which Land and buildings: -€50,000
- Revaluation surpluses -€75,000
down €75,000 (-100.0%), from €75,000 to €0
- Reserves +€44,680
up €44,680 (+27.1%), from €164,728 to €209,407
of which Distributable reserves: +€44,680
- Current portion of long-term debt -€19,462
down €19,462 (-65.8%), from €29,556 to €10,094
- Debts after one year -€10,094
down €10,094 (-58.2%), from €17,358 to €7,264
- Other debts -€9,935
down €9,935 (-5.3%), from €188,144 to €178,209
- Depreciation -€21,761
down €21,761 (-78.6%), from €27,691 to €5,930
- Gross operating margin +€17,331
up €17,331 (+35.5%), from €48,771 to €66,102
- Taxes +€8,224
up €8,224 (+154.4%), from €5,326 to €13,550
- Financial charges -€2,765
down €2,765 (-94.7%), from €2,919 to €154
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 | €683,525 | €623,453 | -€60,072 | -8.8% |
| Fixed assets | 21/28 | €680,899 | €615,940 | -€64,958 | -9.5% |
| Tangible fixed assets | 22/27 | €680,899 | €615,940 | -€64,958 | -9.5% |
| Land and buildings | 22 | €623,889 | €573,889 | -€50,000 | -8.0% |
| Plant, machinery and equipment | 23 | €52,150 | €42,051 | -€10,099 | -19.4% |
| Furniture and vehicles | 24 | €4,859 | €0 | -€4,859 | -100.0% |
| Current assets | 29/58 | €2,627 | €7,513 | +€4,886 | +186.0% |
| Amounts receivable within one year | 40/41 | €1,000 | €5,040 | +€4,040 | +404.0% |
| Trade receivables | 40 | - | €5,040 | +€5,040 | |
| Other amounts receivable | 41 | €1,000 | €0 | -€1,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €901 | €1,855 | +€954 | +105.9% |
| Deferred charges and accrued income | 490/1 | €726 | €618 | -€108 | -14.9% |
| Total equity and liabilities | 10/49 | €683,525 | €623,453 | -€60,072 | -8.8% |
| Equity | 10/15 | €318,915 | €288,595 | -€30,320 | -9.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Revaluation surpluses | 12 | €75,000 | €0 | -€75,000 | -100.0% |
| Reserves | 13 | €164,728 | €209,407 | +€44,680 | +27.1% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €162,873 | €207,552 | +€44,680 | +27.4% |
| Profit (loss) carried forward | 14 | €72,988 | €72,988 | = | 0.0% |
| Amounts payable | 17/49 | €364,610 | €334,858 | -€29,752 | -8.2% |
| Amounts payable after more than one year | 17 | €17,358 | €7,264 | -€10,094 | -58.2% |
| Financial debts | 170/4 | €17,358 | €7,264 | -€10,094 | -58.2% |
| Amounts payable within one year | 42/48 | €347,252 | €327,594 | -€19,658 | -5.7% |
| Current portion of amounts payable after more than one year | 42 | €29,556 | €10,094 | -€19,462 | -65.8% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,100 | €4,682 | +€3,582 | +325.6% |
| Suppliers | 440/4 | €1,100 | €4,682 | +€3,582 | +325.6% |
| Advances received on contracts in progress | 46 | €112,806 | €114,586 | +€1,780 | +1.6% |
| Taxes, remuneration and social security | 45 | €15,646 | €20,023 | +€4,377 | +28.0% |
| Taxes | 450/3 | €15,646 | €20,023 | +€4,377 | +28.0% |
| Other amounts payable | 47/48 | €188,144 | €178,209 | -€9,935 | -5.3% |
| Non-recurring operating income | 76A | - | €25,000 | +€25,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,691 | €5,930 | -€21,761 | -78.6% |
| Other operating charges | 640/8 | €2,196 | €2,390 | +€194 | +8.8% |
| Gross operating margin | 9900 | €48,771 | €66,102 | +€17,331 | +35.5% |
| Operating profit (loss) | 9901 | €18,884 | €57,782 | +€38,898 | +206.0% |
| Financial income | 75/76B | - | €602 | +€602 | |
| Recurring financial income | 75 | - | €602 | +€602 | |
| Financial charges | 65/66B | €2,919 | €154 | -€2,765 | -94.7% |
| Recurring financial charges | 65 | €2,919 | €154 | -€2,765 | -94.7% |
| Profit (loss) for the period before taxes | 9903 | €15,964 | €58,230 | +€42,265 | +264.7% |
| Income taxes | 67/77 | €5,326 | €13,550 | +€8,224 | +154.4% |
| Profit (loss) for the period | 9904 | €10,638 | €44,680 | +€34,041 | +320.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,638 | €44,680 | +€34,041 | +320.0% |
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 7 October 2026 via checked.be.