De PASSAGE: what changed
De PASSAGE
Largest movements
- Receivables within one year -€20,582
down €20,582 (-98.9%), from €20,808 to €226
- Tangible fixed assets -€5,684
down €5,684 (-6.2%), from €92,204 to €86,520
- Cash -€2,974
down €2,974 (-99.0%), from €3,002 to €29
mainly Net result for the year (-€15,807) and Debts (-€13,432)
- Profit (loss) carried forward -€15,807
down €15,807 (-87.3%), from -€18,113 to -€33,920
- Debts -€13,432
down €13,432 (-11.6%), from €115,535 to €102,102
of which Debts after one year: -€11,741
- Gross operating margin -€19,665
down €19,665, from €16,892 to -€2,773
- Depreciation -€1,368
down €1,368 (-19.4%), from €7,052 to €5,684
Change in the result, 2009 to 2010
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2009 and 2010 balance sheets and the 2010 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2009 | 2010 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €116,014 | €86,774 | -€29,240 | -25.2% |
| Fixed assets | 21/28 | €92,204 | €86,520 | -€5,684 | -6.2% |
| Tangible fixed assets | 22/27 | €92,204 | €86,520 | -€5,684 | -6.2% |
| Current assets | 29/58 | €23,810 | €254 | -€23,556 | -98.9% |
| Amounts receivable within one year | 40/41 | €20,808 | €226 | -€20,582 | -98.9% |
| Cash at bank and in hand | 54/58 | €3,002 | €29 | -€2,974 | -99.0% |
| Total equity and liabilities | 10/49 | €116,014 | €86,774 | -€29,240 | -25.2% |
| Equity | 10/15 | €479 | -€15,328 | -€15,807 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,113 | -€33,920 | -€15,807 | -87.3% |
| Amounts payable | 17/49 | €115,535 | €102,102 | -€13,432 | -11.6% |
| Amounts payable after more than one year | 17 | €91,695 | €79,954 | -€11,741 | -12.8% |
| Amounts payable within one year | 42/48 | €23,457 | €21,931 | -€1,525 | -6.5% |
| Trade debts | 44 | €8,553 | €5,417 | -€3,137 | -36.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,052 | €5,684 | -€1,368 | -19.4% |
| Gross operating margin | 9900 | €16,892 | -€2,773 | -€19,665 | |
| Operating profit (loss) | 9901 | €8,444 | -€10,400 | -€18,844 | |
| Recurring financial charges | 65 | €6,390 | €5,407 | -€982 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | €2,054 | -€15,807 | -€17,861 | |
| Profit (loss) for the period | 9904 | €2,054 | -€15,807 | -€17,861 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,054 | -€15,807 | -€17,861 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2009 and 31 December 2010. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.