LA PASSERELLE: 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.
LA PASSERELLE
Largest movements
- Current investments +€50,000
up €50,000 (+50.0%), from €100,000 to €150,000
- Tangible fixed assets -€30,415
down €30,415 (-5.9%), from €511,596 to €481,181
of which Land and buildings: -€33,168
- Cash +€28,660
up €28,660 (+10.6%), from €269,867 to €298,527
mainly Net result for the year (+€50,038) and Depreciation (+€44,079)
- Profit (loss) carried forward +€50,038
up €50,038 (+9.4%), from €529,678 to €579,716
- Gross operating margin +€14,934
up €14,934 (+15.3%), from €97,571 to €112,505
- Turnover +€8,630
up €8,630 (+7.3%), from €118,307 to €126,937
- Other operating charges +€5,890
up €5,890 (+87.7%), from €6,713 to €12,603
- Purchases and services -€5,819
down €5,819 (-22.7%), from €25,687 to €19,868
- Depreciation +€1,405
up €1,405 (+3.3%), from €42,674 to €44,079
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 | €892,430 | €937,655 | +€45,225 | +5.1% |
| Fixed assets | 21/28 | €515,596 | €485,181 | -€30,415 | -5.9% |
| Tangible fixed assets | 22/27 | €511,596 | €481,181 | -€30,415 | -5.9% |
| Land and buildings | 22 | €511,359 | €478,191 | -€33,168 | -6.5% |
| Furniture and vehicles | 24 | €237 | €2,990 | +€2,753 | +1,162% |
| Financial fixed assets | 28 | €4,000 | €4,000 | = | 0.0% |
| Current assets | 29/58 | €376,834 | €452,474 | +€75,640 | +20.1% |
| Amounts receivable within one year | 40/41 | €2,776 | €1,070 | -€1,706 | -61.5% |
| Trade receivables | 40 | €1,310 | €1,070 | -€240 | -18.3% |
| Other amounts receivable | 41 | €1,466 | - | -€1,466 | |
| Current investments | 50/53 | €100,000 | €150,000 | +€50,000 | +50.0% |
| Cash at bank and in hand | 54/58 | €269,867 | €298,527 | +€28,660 | +10.6% |
| Deferred charges and accrued income | 490/1 | €4,191 | €2,877 | -€1,314 | -31.4% |
| Total equity and liabilities | 10/49 | €892,430 | €937,655 | +€45,225 | +5.1% |
| Equity | 10/15 | €852,937 | €900,449 | +€47,512 | +5.6% |
| Contributions | 10/11 | €298,000 | €298,000 | = | 0.0% |
| Capital | 10 | €298,000 | €298,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €529,678 | €579,716 | +€50,038 | +9.4% |
| Investment grants | 15 | €25,259 | €22,733 | -€2,526 | -10.0% |
| Amounts payable | 17/49 | €39,493 | €37,206 | -€2,287 | -5.8% |
| Amounts payable after more than one year | 17 | €30,376 | €25,303 | -€5,073 | -16.7% |
| Financial debts | 170/4 | €30,376 | €25,303 | -€5,073 | -16.7% |
| Amounts payable within one year | 42/48 | €9,117 | €11,903 | +€2,786 | +30.6% |
| Current portion of amounts payable after more than one year | 42 | €5,073 | €5,073 | = | 0.0% |
| Trade debts | 44 | €948 | €3,702 | +€2,754 | +291% |
| Suppliers | 440/4 | €948 | €3,702 | +€2,754 | +291% |
| Taxes, remuneration and social security | 45 | €3,096 | €3,128 | +€32 | +1.0% |
| Taxes | 450/3 | €1,719 | €1,748 | +€29 | +1.7% |
| Remuneration and social security | 454/9 | €1,377 | €1,380 | +€3 | +0.2% |
| Turnover | 70 | €118,307 | €126,937 | +€8,630 | +7.3% |
| Membership fees, donations, legacies and grants | 73 | €4,951 | €5,436 | +€485 | +9.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €25,687 | €19,868 | -€5,819 | -22.7% |
| Remuneration, social security and pensions | 62 | €6,943 | €7,486 | +€543 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,674 | €44,079 | +€1,405 | +3.3% |
| Other operating charges | 640/8 | €6,713 | €12,603 | +€5,890 | +87.7% |
| Gross operating margin | 9900 | €97,571 | €112,505 | +€14,934 | +15.3% |
| Operating profit (loss) | 9901 | €41,241 | €48,337 | +€7,096 | +17.2% |
| Financial income | 75/76B | €2,190 | €3,548 | +€1,358 | +62.0% |
| Recurring financial income | 75 | €2,190 | €3,548 | +€1,358 | +62.0% |
| Financial charges | 65/66B | €224 | €249 | +€25 | +11.2% |
| Recurring financial charges | 65 | €224 | €249 | +€25 | +11.2% |
| Profit (loss) for the period before taxes | 9903 | €43,207 | €51,636 | +€8,429 | +19.5% |
| Income taxes | 67/77 | €1,569 | €1,598 | +€29 | +1.8% |
| Profit (loss) for the period | 9904 | €41,638 | €50,038 | +€8,400 | +20.2% |
| Profit (loss) for the period to be appropriated | 9905 | €41,638 | €50,038 | +€8,400 | +20.2% |
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 27 October 2026 via checked.be.