PASISTONE: 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.
PASISTONE
Largest movements
- Cash -€69,000
down €69,000 (-26.8%), from €257,563 to €188,564
mainly Debts after one year (-€143,106) and Trade debts (-€46,424)
- Stocks and contracts -€24,817
down €24,817 (-46.8%), from €53,034 to €28,217
- Debts after one year -€143,106
down €143,106 (-32.2%), from €444,729 to €301,623
- Reserves +€97,679
up €97,679 (+52.0%), from €187,692 to €285,371
- Trade debts -€46,424
down €46,424 (-96.8%), from €47,948 to €1,524
- Other debts +€30,603
up €30,603 (+2,360%), from €1,297 to €31,900
- Tax, wage and social debts -€19,401
down €19,401 (-58.4%), from €33,195 to €13,794
of which Taxes: -€19,413
- Gross operating margin +€19,177
up €19,177 (+11.9%), from €161,483 to €180,659
- Taxes +€11,957
up €11,957 (+43.7%), from €27,370 to €39,328
- Depreciation -€2,989
down €2,989 (-10.3%), from €29,102 to €26,113
- Financial income -€2,107
down €2,107 (-99.2%), from €2,123 to €16
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €754,690 | €667,318 | -€87,372 | -11.6% |
| Fixed assets | 21/28 | €408,562 | €410,794 | +€2,232 | +0.5% |
| Tangible fixed assets | 22/27 | €408,552 | €410,784 | +€2,232 | +0.5% |
| Land and buildings | 22 | €397,945 | €387,083 | -€10,863 | -2.7% |
| Plant, machinery and equipment | 23 | €3,943 | €23,545 | +€19,602 | +497% |
| Furniture and vehicles | 24 | €6,664 | €156 | -€6,507 | -97.7% |
| Financial fixed assets | 28 | €9 | €9 | = | 0.0% |
| Current assets | 29/58 | €346,129 | €256,525 | -€89,604 | -25.9% |
| Stocks and contracts in progress | 3 | €53,034 | €28,217 | -€24,817 | -46.8% |
| Stocks | 30/36 | €53,034 | €28,217 | -€24,817 | -46.8% |
| Amounts receivable within one year | 40/41 | €32,879 | €37,431 | +€4,552 | +13.8% |
| Trade receivables | 40 | €32,239 | €37,180 | +€4,941 | +15.3% |
| Other amounts receivable | 41 | €640 | €251 | -€389 | -60.8% |
| Cash at bank and in hand | 54/58 | €257,563 | €188,564 | -€69,000 | -26.8% |
| Deferred charges and accrued income | 490/1 | €2,652 | €2,313 | -€339 | -12.8% |
| Total equity and liabilities | 10/49 | €754,690 | €667,318 | -€87,372 | -11.6% |
| Equity | 10/15 | €197,692 | €295,371 | +€97,679 | +49.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €187,692 | €285,371 | +€97,679 | +52.0% |
| Distributable reserves | 133 | €187,692 | €285,371 | +€97,679 | +52.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €556,998 | €371,947 | -€185,052 | -33.2% |
| Amounts payable after more than one year | 17 | €444,729 | €301,623 | -€143,106 | -32.2% |
| Financial debts | 170/4 | €444,729 | €301,623 | -€143,106 | -32.2% |
| Amounts payable within one year | 42/48 | €112,185 | €70,324 | -€41,861 | -37.3% |
| Current portion of amounts payable after more than one year | 42 | €28,163 | €23,106 | -€5,057 | -18.0% |
| Trade debts | 44 | €47,948 | €1,524 | -€46,424 | -96.8% |
| Suppliers | 440/4 | €47,948 | €1,524 | -€46,424 | -96.8% |
| Advances received on contracts in progress | 46 | €1,582 | €0 | -€1,582 | -100% |
| Taxes, remuneration and social security | 45 | €33,195 | €13,794 | -€19,401 | -58.4% |
| Taxes | 450/3 | €31,694 | €12,281 | -€19,413 | -61.3% |
| Remuneration and social security | 454/9 | €1,501 | €1,513 | +€12 | +0.8% |
| Other amounts payable | 47/48 | €1,297 | €31,900 | +€30,603 | +2,360% |
| Accrued charges and deferred income | 492/3 | €84 | €0 | -€84 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,102 | €26,113 | -€2,989 | -10.3% |
| Other operating charges | 640/8 | €8,012 | €8,130 | +€118 | +1.5% |
| Non-recurring operating charges | 66A | €180 | €127 | -€53 | -29.3% |
| Gross operating margin | 9900 | €161,483 | €180,659 | +€19,177 | +11.9% |
| Operating profit (loss) | 9901 | €124,190 | €146,290 | +€22,100 | +17.8% |
| Financial income | 75/76B | €2,123 | €16 | -€2,107 | -99.2% |
| Recurring financial income | 75 | €2,123 | €16 | -€2,107 | -99.2% |
| Financial charges | 65/66B | €7,644 | €9,299 | +€1,655 | +21.6% |
| Recurring financial charges | 65 | €7,644 | €9,299 | +€1,655 | +21.6% |
| Profit (loss) for the period before taxes | 9903 | €118,668 | €137,007 | +€18,339 | +15.5% |
| Income taxes | 67/77 | €27,370 | €39,328 | +€11,957 | +43.7% |
| Profit (loss) for the period | 9904 | €91,298 | €97,679 | +€6,381 | +7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €91,298 | €97,679 | +€6,381 | +7.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.