De Passeman: 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.
De Passeman
Largest movements
- Tangible fixed assets -€10,029
down €10,029 (-5.2%), from €192,612 to €182,584
of which Land and buildings: -€5,428
- Profit (loss) carried forward -€13,447
down €13,447 (-6.0%), from -€222,918 to -€236,366
- Gross operating margin +€4,299
up €4,299 (+39.1%), from -€11,004 to -€6,706
- Financial income -€2,261
down €2,261 (-27.1%), from €8,337 to €6,075
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 | €476,081 | €462,568 | -€13,512 | -2.8% |
| Fixed assets | 21/28 | €192,612 | €182,584 | -€10,029 | -5.2% |
| Tangible fixed assets | 22/27 | €192,612 | €182,584 | -€10,029 | -5.2% |
| Land and buildings | 22 | €176,586 | €171,158 | -€5,428 | -3.1% |
| Plant, machinery and equipment | 23 | €16,026 | €11,425 | -€4,601 | -28.7% |
| Current assets | 29/58 | €283,468 | €279,985 | -€3,484 | -1.2% |
| Amounts receivable within one year | 40/41 | €1,652 | €1,521 | -€131 | -7.9% |
| Other amounts receivable | 41 | €1,652 | €1,521 | -€131 | -7.9% |
| Current investments | 50/53 | €279,293 | €276,749 | -€2,544 | -0.9% |
| Cash at bank and in hand | 54/58 | €2,040 | €1,220 | -€820 | -40.2% |
| Deferred charges and accrued income | 490/1 | €483 | €495 | +€12 | +2.5% |
| Total equity and liabilities | 10/49 | €476,081 | €462,568 | -€13,512 | -2.8% |
| Equity | 10/15 | €475,616 | €462,168 | -€13,447 | -2.8% |
| Contributions | 10/11 | €450,000 | €450,000 | = | 0.0% |
| Reserves | 13 | €248,534 | €248,534 | = | 0.0% |
| Non-distributable reserves | 130/1 | €372 | €372 | = | 0.0% |
| Other | 1319 | €372 | €372 | = | 0.0% |
| Tax-exempt reserves | 132 | €214,783 | €214,783 | = | 0.0% |
| Distributable reserves | 133 | €33,379 | €33,379 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€222,918 | -€236,366 | -€13,447 | -6.0% |
| Amounts payable | 17/49 | €465 | €400 | -€65 | -14.0% |
| Amounts payable within one year | 42/48 | €465 | €400 | -€65 | -14.0% |
| Other amounts payable | 47/48 | €465 | €400 | -€65 | -14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,029 | €10,029 | = | 0.0% |
| Other operating charges | 640/8 | €1,630 | €1,678 | +€49 | +3.0% |
| Gross operating margin | 9900 | -€11,004 | -€6,706 | +€4,299 | +39.1% |
| Operating profit (loss) | 9901 | -€22,663 | -€18,413 | +€4,250 | +18.8% |
| Financial income | 75/76B | €8,337 | €6,075 | -€2,261 | -27.1% |
| Recurring financial income | 75 | €8,337 | €6,075 | -€2,261 | -27.1% |
| Financial charges | 65/66B | €952 | €945 | -€7 | -0.8% |
| Recurring financial charges | 65 | €952 | €945 | -€7 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | -€15,278 | -€13,282 | +€1,996 | +13.1% |
| Income taxes | 67/77 | €160 | €165 | +€5 | +3.1% |
| Profit (loss) for the period | 9904 | -€15,438 | -€13,447 | +€1,991 | +12.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,438 | -€13,447 | +€1,991 | +12.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.