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.
PASCOTRANS
Largest movements
- Cash +€102,237
up €102,237 (+2976.8%), from €3,434 to €105,671
mainly Depreciation (+€78,815) and Current investments (+€70,156)
- Current investments -€70,156
down €70,156 (-100.0%), from €70,156 to €0
- Tangible fixed assets -€35,628
down €35,628 (-11.6%), from €308,231 to €272,603
of which Furniture and vehicles: -€22,437
- Receivables within one year +€31,502
up €31,502 (+45.4%), from €69,400 to €100,902
of which Trade receivables: +€26,718
- Current portion of long-term debt +€13,250
up €13,250 (+52.1%), from €25,418 to €38,669
- Tax, wage and social debts +€11,295
up €11,295 (+294.9%), from €3,830 to €15,124
of which Taxes: +€11,218
- Trade debts +€11,216
up €11,216 (+49.8%), from €22,504 to €33,720
- Debts after one year -€5,494
down €5,494 (-6.2%), from €88,131 to €82,637
- Gross operating margin +€48,145
up €48,145 (+82.4%), from €58,420 to €106,566
- Depreciation +€35,350
up €35,350 (+81.3%), from €43,465 to €78,815
- Other operating charges +€11,530
up €11,530 (+300.5%), from €3,837 to €15,367
- Taxes +€10,216
up €10,216 (+586.2%), from €1,743 to €11,959
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.
Cash bridge derived
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 | €455,434 | €481,617 | +€26,183 | +5.7% |
| Fixed assets | 21/28 | €309,966 | €274,338 | -€35,628 | -11.5% |
| Tangible fixed assets | 22/27 | €308,231 | €272,603 | -€35,628 | -11.6% |
| Land and buildings | 22 | €199,195 | €186,004 | -€13,191 | -6.6% |
| Furniture and vehicles | 24 | €109,036 | €86,599 | -€22,437 | -20.6% |
| Financial fixed assets | 28 | €1,735 | €1,735 | = | 0.0% |
| Current assets | 29/58 | €145,468 | €207,278 | +€61,811 | +42.5% |
| Amounts receivable within one year | 40/41 | €69,400 | €100,902 | +€31,502 | +45.4% |
| Trade receivables | 40 | €62,043 | €88,761 | +€26,718 | +43.1% |
| Other amounts receivable | 41 | €7,357 | €12,140 | +€4,784 | +65.0% |
| Current investments | 50/53 | €70,156 | €0 | -€70,156 | -100.0% |
| Cash at bank and in hand | 54/58 | €3,434 | €105,671 | +€102,237 | +2976.8% |
| Deferred charges and accrued income | 490/1 | €2,478 | €706 | -€1,772 | -71.5% |
| Total equity and liabilities | 10/49 | €455,434 | €481,617 | +€26,183 | +5.7% |
| Equity | 10/15 | €283,726 | €281,307 | -€2,419 | -0.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €220,565 | €217,105 | -€3,460 | -1.6% |
| Tax-exempt reserves | 132 | €73,706 | €44,246 | -€29,460 | -40.0% |
| Distributable reserves | 133 | €146,859 | €172,859 | +€26,000 | +17.7% |
| Profit (loss) carried forward | 14 | €44,569 | €45,610 | +€1,041 | +2.3% |
| Provisions and deferred taxes | 16 | €13,851 | €11,633 | -€2,219 | -16.0% |
| Deferred taxes | 168 | €13,851 | €11,633 | -€2,219 | -16.0% |
| Amounts payable | 17/49 | €157,857 | €188,676 | +€30,820 | +19.5% |
| Amounts payable after more than one year | 17 | €88,131 | €82,637 | -€5,494 | -6.2% |
| Financial debts | 170/4 | €88,131 | €82,637 | -€5,494 | -6.2% |
| Amounts payable within one year | 42/48 | €69,726 | €105,487 | +€35,761 | +51.3% |
| Current portion of amounts payable after more than one year | 42 | €25,418 | €38,669 | +€13,250 | +52.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €22,504 | €33,720 | +€11,216 | +49.8% |
| Suppliers | 440/4 | €22,504 | €33,720 | +€11,216 | +49.8% |
| Taxes, remuneration and social security | 45 | €3,830 | €15,124 | +€11,295 | +294.9% |
| Taxes | 450/3 | €1,695 | €12,913 | +€11,218 | +661.8% |
| Remuneration and social security | 454/9 | €2,134 | €2,211 | +€77 | +3.6% |
| Other amounts payable | 47/48 | €17,974 | €17,974 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €552 | +€552 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,465 | €78,815 | +€35,350 | +81.3% |
| Other operating charges | 640/8 | €3,837 | €15,367 | +€11,530 | +300.5% |
| Gross operating margin | 9900 | €58,420 | €106,566 | +€48,145 | +82.4% |
| Operating profit (loss) | 9901 | €11,118 | €12,384 | +€1,265 | +11.4% |
| Financial income | 75/76B | €328 | €453 | +€124 | +37.9% |
| Recurring financial income | 75 | €328 | €453 | +€124 | +37.9% |
| Financial charges | 65/66B | €5,943 | €5,515 | -€428 | -7.2% |
| Recurring financial charges | 65 | €5,943 | €5,515 | -€428 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €5,504 | €7,321 | +€1,817 | +33.0% |
| Transfer from deferred taxes | 780 | €1,133 | €2,219 | +€1,086 | +95.8% |
| Income taxes | 67/77 | €1,743 | €11,959 | +€10,216 | +586.2% |
| Profit (loss) for the period | 9904 | €4,894 | -€2,419 | -€7,313 | |
| Transfer from tax-exempt reserves | 789 | €3,399 | €29,460 | +€26,061 | +766.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,293 | €27,041 | +€18,748 | +226.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.