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
- Tangible fixed assets +€27,103
up €27,103 (+83.9%), from €32,317 to €59,421
- Cash -€26,222
down €26,222 (-3.1%), from €841,889 to €815,667
mainly Investment in fixed assets (net) (-€37,229) and Tax, wage and social debts (-€31,811)
- Tax, wage and social debts -€31,811
down €31,811 (-73.6%), from €43,193 to €11,383
of which Taxes: -€28,335
- Reserves +€18,473
up €18,473 (+1.9%), from €978,478 to €996,951
of which Distributable reserves: +€18,473
- Gross operating margin -€68,938
down €68,938 (-25.0%), from €275,880 to €206,942
- Taxes -€18,632
down €18,632 (-75.2%), from €24,782 to €6,151
- Other operating charges +€7,945
up €7,945 (+88.8%), from €8,946 to €16,892
- Staff costs +€4,851
up €4,851 (+3.2%), from €152,696 to €157,548
- Financial income +€4,376
up €4,376 (+754%), from €580 to €4,956
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 | €1,093,567 | €1,089,228 | -€4,339 | -0.4% |
| Fixed assets | 21/28 | €32,397 | €59,500 | +€27,103 | +83.7% |
| Tangible fixed assets | 22/27 | €32,317 | €59,421 | +€27,103 | +83.9% |
| Furniture and vehicles | 24 | €32,317 | €59,421 | +€27,103 | +83.9% |
| Financial fixed assets | 28 | €79 | €79 | = | 0.0% |
| Current assets | 29/58 | €1,061,170 | €1,029,728 | -€31,443 | -3.0% |
| Amounts receivable within one year | 40/41 | €215,987 | €210,391 | -€5,596 | -2.6% |
| Trade receivables | 40 | €170,245 | €159,705 | -€10,540 | -6.2% |
| Other amounts receivable | 41 | €45,742 | €50,686 | +€4,944 | +10.8% |
| Cash at bank and in hand | 54/58 | €841,889 | €815,667 | -€26,222 | -3.1% |
| Deferred charges and accrued income | 490/1 | €3,295 | €3,669 | +€374 | +11.4% |
| Total equity and liabilities | 10/49 | €1,093,567 | €1,089,228 | -€4,339 | -0.4% |
| Equity | 10/15 | €997,078 | €1,015,551 | +€18,473 | +1.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €978,478 | €996,951 | +€18,473 | +1.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €976,618 | €995,091 | +€18,473 | +1.9% |
| Amounts payable | 17/49 | €96,489 | €73,677 | -€22,812 | -23.6% |
| Amounts payable within one year | 42/48 | €96,489 | €73,677 | -€22,812 | -23.6% |
| Trade debts | 44 | €49,668 | €59,384 | +€9,715 | +19.6% |
| Suppliers | 440/4 | €49,668 | €59,384 | +€9,715 | +19.6% |
| Taxes, remuneration and social security | 45 | €43,193 | €11,383 | -€31,811 | -73.6% |
| Taxes | 450/3 | €37,033 | €8,698 | -€28,335 | -76.5% |
| Remuneration and social security | 454/9 | €6,161 | €2,685 | -€3,475 | -56.4% |
| Other amounts payable | 47/48 | €3,628 | €2,911 | -€717 | -19.8% |
| Non-recurring operating income | 76A | - | €1,653 | +€1,653 | |
| Remuneration, social security and pensions | 62 | €152,696 | €157,548 | +€4,851 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,968 | €10,126 | +€3,157 | +45.3% |
| Other operating charges | 640/8 | €8,946 | €16,892 | +€7,945 | +88.8% |
| Non-recurring operating charges | 66A | €1,317 | €2,642 | +€1,326 | +101% |
| Gross operating margin | 9900 | €275,880 | €206,942 | -€68,938 | -25.0% |
| Operating profit (loss) | 9901 | €105,953 | €19,735 | -€86,217 | -81.4% |
| Financial income | 75/76B | €580 | €4,956 | +€4,376 | +754% |
| Recurring financial income | 75 | €580 | €4,956 | +€4,376 | +754% |
| Financial charges | 65/66B | €238 | €68 | -€170 | -71.5% |
| Recurring financial charges | 65 | €238 | €68 | -€170 | -71.5% |
| Profit (loss) for the period before taxes | 9903 | €106,295 | €24,623 | -€81,672 | -76.8% |
| Income taxes | 67/77 | €24,782 | €6,151 | -€18,632 | -75.2% |
| Profit (loss) for the period | 9904 | €81,513 | €18,473 | -€63,040 | -77.3% |
| Profit (loss) for the period to be appropriated | 9905 | €81,513 | €18,473 | -€63,040 | -77.3% |
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 30 October 2026 via checked.be.