MET PASSIE: 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.
MET PASSIE
Largest movements
- Tangible fixed assets -€16,645
down €16,645 (-4.0%), from €415,567 to €398,922
of which Land and buildings: -€12,688
- Stocks and contracts +€11,071
up €11,071 (+271%), from €4,091 to €15,162
- Cash -€9,045
down €9,045 (-35.2%), from €25,661 to €16,616
mainly Debts after one year (-€17,822) and Stocks and contracts (-€11,071)
- Receivables within one year +€5,608
up €5,608 (+273%), from €2,056 to €7,665
of which Trade receivables: +€4,538
- Debts after one year -€17,822
down €17,822 (-4.7%), from €380,257 to €362,435
of which Financial debts: -€17,822
- Other debts +€15,617
up €15,617 (+1,035%), from €1,509 to €17,126
- Trade debts -€4,662
down €4,662 (-29.9%), from €15,609 to €10,947
- Gross operating margin +€8,530
up €8,530 (+12.5%), from €68,433 to €76,963
- Staff costs -€5,075
down €5,075 (-10.4%), from €48,702 to €43,627
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 | €449,351 | €438,364 | -€10,987 | -2.4% |
| Fixed assets | 21/28 | €415,567 | €398,922 | -€16,645 | -4.0% |
| Tangible fixed assets | 22/27 | €415,567 | €398,922 | -€16,645 | -4.0% |
| Land and buildings | 22 | €398,843 | €386,155 | -€12,688 | -3.2% |
| Plant, machinery and equipment | 23 | €10,015 | €7,584 | -€2,431 | -24.3% |
| Furniture and vehicles | 24 | €6,709 | €5,183 | -€1,526 | -22.7% |
| Current assets | 29/58 | €33,784 | €39,442 | +€5,658 | +16.7% |
| Stocks and contracts in progress | 3 | €4,091 | €15,162 | +€11,071 | +271% |
| Stocks | 30/36 | €4,091 | €15,162 | +€11,071 | +271% |
| Amounts receivable within one year | 40/41 | €2,056 | €7,665 | +€5,608 | +273% |
| Trade receivables | 40 | €676 | €5,214 | +€4,538 | +671% |
| Other amounts receivable | 41 | €1,380 | €2,451 | +€1,070 | +77.6% |
| Cash at bank and in hand | 54/58 | €25,661 | €16,616 | -€9,045 | -35.2% |
| Deferred charges and accrued income | 490/1 | €1,976 | - | -€1,976 | |
| Total equity and liabilities | 10/49 | €449,351 | €438,364 | -€10,987 | -2.4% |
| Equity | 10/15 | €24,485 | €22,825 | -€1,660 | -6.8% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,515 | -€17,175 | -€1,660 | -10.7% |
| Amounts payable | 17/49 | €424,866 | €415,539 | -€9,326 | -2.2% |
| Amounts payable after more than one year | 17 | €380,257 | €362,435 | -€17,822 | -4.7% |
| Financial debts | 170/4 | €327,257 | €309,435 | -€17,822 | -5.4% |
| Other amounts payable | 178/9 | €53,000 | €53,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €44,609 | €53,104 | +€8,496 | +19.0% |
| Current portion of amounts payable after more than one year | 42 | €15,928 | €17,822 | +€1,894 | +11.9% |
| Trade debts | 44 | €15,609 | €10,947 | -€4,662 | -29.9% |
| Suppliers | 440/4 | €15,609 | €10,947 | -€4,662 | -29.9% |
| Taxes, remuneration and social security | 45 | €11,563 | €7,210 | -€4,354 | -37.7% |
| Taxes | 450/3 | €1,400 | €911 | -€490 | -35.0% |
| Remuneration and social security | 454/9 | €10,163 | €6,299 | -€3,864 | -38.0% |
| Other amounts payable | 47/48 | €1,509 | €17,126 | +€15,617 | +1,035% |
| Remuneration, social security and pensions | 62 | €48,702 | €43,627 | -€5,075 | -10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,214 | €18,515 | +€302 | +1.7% |
| Other operating charges | 640/8 | €2,231 | €1,820 | -€412 | -18.5% |
| Gross operating margin | 9900 | €68,433 | €76,963 | +€8,530 | +12.5% |
| Operating profit (loss) | 9901 | -€714 | €13,001 | +€13,715 | |
| Financial income | 75/76B | €5 | €325 | +€321 | +6,650% |
| Recurring financial income | 75 | €5 | €325 | +€321 | +6,650% |
| Financial charges | 65/66B | €14,805 | €14,986 | +€181 | +1.2% |
| Recurring financial charges | 65 | €14,805 | €14,986 | +€181 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | -€15,515 | -€1,660 | +€13,855 | +89.3% |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | -€15,515 | -€1,660 | +€13,854 | +89.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,515 | -€1,660 | +€13,854 | +89.3% |
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 14 October 2026 via checked.be.