Le Mans 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.
Le Mans Passion
Largest movements
- Tangible fixed assets +€11,268
up €11,268 (+155%), from €7,281 to €18,549
- Receivables within one year +€2,292
up €2,292 (+89.1%), from €2,573 to €4,865
- Cash +€1,116
up €1,116 (+48.1%), from €2,322 to €3,438
mainly Debts after one year (+€6,936) and Current portion of long-term debt (+€3,139)
- Deferred charges and accrued income +€790
new in 2025: €790
- Formation expenses -€643
down €643 (-76.6%), from €840 to €197
- Debts after one year +€6,936
up €6,936 (+201%), from €3,444 to €10,380
- Current portion of long-term debt +€3,139
up €3,139 (+154%), from €2,037 to €5,176
- Trade debts +€2,374
up €2,374 (+44.2%), from €5,367 to €7,741
- Profit (loss) carried forward +€2,288
up €2,288 (+56.9%), from -€4,018 to -€1,730
- Other debts +€429
up €429 (+9.0%), from €4,750 to €5,179
- Gross operating margin +€8,051
up €8,051, from -€2,438 to €5,613
- Depreciation +€1,171
up €1,171 (+111%), from €1,055 to €2,226
- Financial charges +€672
up €672 (+157%), from €427 to €1,099
- Other operating charges -€98
no longer reported in 2025 (was €98)
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 | €15,302 | €30,126 | +€14,824 | +96.9% |
| Formation expenses | 20 | €840 | €197 | -€643 | -76.6% |
| Fixed assets | 21/28 | €9,567 | €20,835 | +€11,268 | +118% |
| Tangible fixed assets | 22/27 | €7,281 | €18,549 | +€11,268 | +155% |
| Furniture and vehicles | 24 | €7,281 | €18,549 | +€11,268 | +155% |
| Financial fixed assets | 28 | €2,286 | €2,286 | = | 0.0% |
| Current assets | 29/58 | €4,895 | €9,093 | +€4,198 | +85.8% |
| Amounts receivable within one year | 40/41 | €2,573 | €4,865 | +€2,292 | +89.1% |
| Trade receivables | 40 | €2,573 | €4,865 | +€2,292 | +89.1% |
| Cash at bank and in hand | 54/58 | €2,322 | €3,438 | +€1,116 | +48.1% |
| Deferred charges and accrued income | 490/1 | - | €790 | +€790 | |
| Total equity and liabilities | 10/49 | €15,302 | €30,126 | +€14,824 | +96.9% |
| Equity | 10/15 | -€1,018 | €1,270 | +€2,288 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,018 | -€1,730 | +€2,288 | +56.9% |
| Amounts payable | 17/49 | €16,320 | €28,856 | +€12,536 | +76.8% |
| Amounts payable after more than one year | 17 | €3,444 | €10,380 | +€6,936 | +201% |
| Financial debts | 170/4 | €3,444 | €10,380 | +€6,936 | +201% |
| Amounts payable within one year | 42/48 | €12,876 | €18,475 | +€5,599 | +43.5% |
| Current portion of amounts payable after more than one year | 42 | €2,037 | €5,176 | +€3,139 | +154% |
| Trade debts | 44 | €5,367 | €7,741 | +€2,374 | +44.2% |
| Suppliers | 440/4 | €5,367 | €7,741 | +€2,374 | +44.2% |
| Taxes, remuneration and social security | 45 | €722 | €380 | -€342 | -47.4% |
| Taxes | 450/3 | €722 | €380 | -€342 | -47.4% |
| Other amounts payable | 47/48 | €4,750 | €5,179 | +€429 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,055 | €2,226 | +€1,171 | +111% |
| Other operating charges | 640/8 | €98 | - | -€98 | |
| Gross operating margin | 9900 | -€2,438 | €5,613 | +€8,051 | |
| Operating profit (loss) | 9901 | -€3,591 | €3,387 | +€6,978 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €427 | €1,099 | +€672 | +157% |
| Recurring financial charges | 65 | €427 | €1,099 | +€672 | +157% |
| Profit (loss) for the period before taxes | 9903 | -€4,018 | €2,288 | +€6,306 | |
| Profit (loss) for the period | 9904 | -€4,018 | €2,288 | +€6,306 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,018 | €2,288 | +€6,306 |
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 24 October 2026 via checked.be.