Driving With Passion: 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.
Driving With Passion
Largest movements
- Cash +€55,674
up €55,674 (+36.7%), from €151,523 to €207,197
mainly Debts after one year (+€124,983) and Depreciation (+€46,926)
- Receivables within one year -€42,636
down €42,636 (-67.8%), from €62,914 to €20,278
of which Trade receivables: -€48,657
- Tangible fixed assets +€41,098
up €41,098 (+42.8%), from €96,015 to €137,113
- Debts after one year +€124,983
new in 2025: €124,983
- Current portion of long-term debt -€50,046
down €50,046 (-39.0%), from €128,245 to €78,199
- Profit (loss) carried forward -€19,724
down €19,724 (-20.1%), from €98,003 to €78,280
- Trade debts -€12,197
down €12,197 (-95.8%), from €12,729 to €532
- Tax, wage and social debts +€12,183
up €12,183 (+45.9%), from €26,539 to €38,722
- Depreciation +€34,019
up €34,019 (+264%), from €12,906 to €46,926
- Gross operating margin +€30,105
up €30,105 (+9.6%), from €312,973 to €343,078
- Other operating charges +€5,921
up €5,921 (+250%), from €2,369 to €8,290
- Financial charges +€4,464
up €4,464 (+165%), from €2,698 to €7,162
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 | €310,451 | €364,588 | +€54,137 | +17.4% |
| Fixed assets | 21/28 | €96,015 | €137,113 | +€41,098 | +42.8% |
| Tangible fixed assets | 22/27 | €96,015 | €137,113 | +€41,098 | +42.8% |
| Furniture and vehicles | 24 | €96,015 | €137,113 | +€41,098 | +42.8% |
| Current assets | 29/58 | €214,436 | €227,475 | +€13,039 | +6.1% |
| Amounts receivable within one year | 40/41 | €62,914 | €20,278 | -€42,636 | -67.8% |
| Trade receivables | 40 | €49,274 | €617 | -€48,657 | -98.7% |
| Other amounts receivable | 41 | €13,640 | €19,661 | +€6,021 | +44.1% |
| Cash at bank and in hand | 54/58 | €151,523 | €207,197 | +€55,674 | +36.7% |
| Total equity and liabilities | 10/49 | €310,451 | €364,588 | +€54,137 | +17.4% |
| Equity | 10/15 | €133,363 | €113,640 | -€19,724 | -14.8% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €28,860 | €28,860 | = | 0.0% |
| Distributable reserves | 133 | €28,860 | €28,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €98,003 | €78,280 | -€19,724 | -20.1% |
| Amounts payable | 17/49 | €177,088 | €250,949 | +€73,861 | +41.7% |
| Amounts payable after more than one year | 17 | - | €124,983 | +€124,983 | |
| Financial debts | 170/4 | - | €124,983 | +€124,983 | |
| Amounts payable within one year | 42/48 | €176,808 | €125,687 | -€51,122 | -28.9% |
| Current portion of amounts payable after more than one year | 42 | €128,245 | €78,199 | -€50,046 | -39.0% |
| Trade debts | 44 | €12,729 | €532 | -€12,197 | -95.8% |
| Suppliers | 440/4 | €12,729 | €532 | -€12,197 | -95.8% |
| Taxes, remuneration and social security | 45 | €26,539 | €38,722 | +€12,183 | +45.9% |
| Remuneration and social security | 454/9 | €26,539 | €38,722 | +€12,183 | +45.9% |
| Other amounts payable | 47/48 | €9,296 | €8,234 | -€1,062 | -11.4% |
| Accrued charges and deferred income | 492/3 | €280 | €280 | = | 0.0% |
| Non-recurring operating income | 76A | - | €14,481 | +€14,481 | |
| Remuneration, social security and pensions | 62 | €300,859 | €301,036 | +€177 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,906 | €46,926 | +€34,019 | +264% |
| Other operating charges | 640/8 | €2,369 | €8,290 | +€5,921 | +250% |
| Non-recurring operating charges | 66A | €6,294 | - | -€6,294 | |
| Gross operating margin | 9900 | €312,973 | €343,078 | +€30,105 | +9.6% |
| Operating profit (loss) | 9901 | -€9,456 | -€13,173 | -€3,717 | -39.3% |
| Financial income | 75/76B | €523 | €478 | -€45 | -8.7% |
| Recurring financial income | 75 | €523 | €478 | -€45 | -8.7% |
| Financial charges | 65/66B | €2,698 | €7,162 | +€4,464 | +165% |
| Recurring financial charges | 65 | €2,698 | €7,162 | +€4,464 | +165% |
| Profit (loss) for the period before taxes | 9903 | -€11,631 | -€19,857 | -€8,227 | -70.7% |
| Income taxes | 67/77 | -€18 | -€133 | -€115 | -631% |
| Profit (loss) for the period | 9904 | -€11,612 | -€19,724 | -€8,111 | -69.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,612 | -€19,724 | -€8,111 | -69.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.