PASYVERO: 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.
PASYVERO
Largest movements
- Receivables within one year -€7,674
down €7,674 (-52.2%), from €14,708 to €7,034
of which Trade receivables: -€6,642
- Tangible fixed assets -€5,854
down €5,854 (-32.8%), from €17,861 to €12,007
- Cash -€5,266
down €5,266 (-49.1%), from €10,729 to €5,463
mainly Net result for the year (-€10,979) and Debts after one year (-€5,104)
- Profit (loss) carried forward -€10,979
down €10,979 (-71.1%), from €15,450 to €4,472
- Debts after one year -€5,104
down €5,104 (-54.1%), from €9,428 to €4,324
- Reserves -€1,199
down €1,199 (-23.1%), from €5,195 to €3,996
of which Tax-exempt reserves: -€1,199
- Other debts -€800
no longer reported in 2025 (was €800)
- Gross operating margin -€16,464
down €16,464, from €10,817 to -€5,647
- Taxes -€1,157
no longer reported in 2025 (was €1,157)
- Financial income +€224
up €224 (+101%), from €222 to €446
- Depreciation +€157
up €157 (+2.5%), from €6,342 to €6,499
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 | €45,835 | €27,062 | -€18,772 | -41.0% |
| Fixed assets | 21/28 | €17,861 | €12,007 | -€5,854 | -32.8% |
| Tangible fixed assets | 22/27 | €17,861 | €12,007 | -€5,854 | -32.8% |
| Furniture and vehicles | 24 | €17,861 | €12,007 | -€5,854 | -32.8% |
| Current assets | 29/58 | €27,973 | €15,055 | -€12,918 | -46.2% |
| Stocks and contracts in progress | 3 | €2,536 | €2,558 | +€21 | +0.8% |
| Stocks | 30/36 | €2,536 | €2,558 | +€21 | +0.8% |
| Amounts receivable within one year | 40/41 | €14,708 | €7,034 | -€7,674 | -52.2% |
| Trade receivables | 40 | €6,837 | €195 | -€6,642 | -97.1% |
| Other amounts receivable | 41 | €7,871 | €6,839 | -€1,032 | -13.1% |
| Cash at bank and in hand | 54/58 | €10,729 | €5,463 | -€5,266 | -49.1% |
| Total equity and liabilities | 10/49 | €45,835 | €27,062 | -€18,772 | -41.0% |
| Equity | 10/15 | €26,846 | €14,668 | -€12,178 | -45.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €5,195 | €3,996 | -€1,199 | -23.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,335 | €2,136 | -€1,199 | -36.0% |
| Profit (loss) carried forward | 14 | €15,450 | €4,472 | -€10,979 | -71.1% |
| Provisions and deferred taxes | 16 | €1,112 | €712 | -€400 | -36.0% |
| Deferred taxes | 168 | €1,112 | €712 | -€400 | -36.0% |
| Amounts payable | 17/49 | €17,877 | €11,683 | -€6,195 | -34.7% |
| Amounts payable after more than one year | 17 | €9,428 | €4,324 | -€5,104 | -54.1% |
| Financial debts | 170/4 | €9,428 | €4,324 | -€5,104 | -54.1% |
| Amounts payable within one year | 42/48 | €8,449 | €7,359 | -€1,091 | -12.9% |
| Current portion of amounts payable after more than one year | 42 | €5,013 | €5,104 | +€91 | +1.8% |
| Trade debts | 44 | €83 | €84 | +€1 | +1.7% |
| Suppliers | 440/4 | €83 | €84 | +€1 | +1.7% |
| Taxes, remuneration and social security | 45 | €2,553 | €2,170 | -€383 | -15.0% |
| Taxes | 450/3 | €2,553 | €2,170 | -€383 | -15.0% |
| Other amounts payable | 47/48 | €800 | - | -€800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,342 | €6,499 | +€157 | +2.5% |
| Other operating charges | 640/8 | €533 | €536 | +€3 | +0.5% |
| Gross operating margin | 9900 | €10,817 | -€5,647 | -€16,464 | |
| Operating profit (loss) | 9901 | €3,942 | -€12,682 | -€16,624 | |
| Financial income | 75/76B | €222 | €446 | +€224 | +101% |
| Recurring financial income | 75 | €222 | €446 | +€224 | +101% |
| Financial charges | 65/66B | €400 | €341 | -€58 | -14.6% |
| Recurring financial charges | 65 | €400 | €341 | -€58 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €3,764 | -€12,578 | -€16,341 | |
| Transfer from deferred taxes | 780 | €1,599 | €1,599 | = | 0.0% |
| Income taxes | 67/77 | €1,157 | - | -€1,157 | |
| Profit (loss) for the period | 9904 | €4,206 | -€10,979 | -€15,184 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,206 | -€10,979 | -€15,184 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.