PASS-EI: 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.
PASS-EI
Largest movements
- Current investments +€150,000
up €150,000 (+75.0%), from €200,000 to €350,000
- Cash +€119,297
up €119,297 (+70.9%), from €168,257 to €287,555
mainly Net result for the year (+€323,806) and Tax, wage and social debts (+€60,153)
- Receivables within one year +€44,975
up €44,975 (+12.5%), from €359,660 to €404,635
of which Trade receivables: +€44,827
- Deferred charges and accrued income +€44,507
up €44,507 (+71.2%), from €62,483 to €106,990
- Tangible fixed assets -€43,293
down €43,293 (-8.3%), from €518,604 to €475,311
of which Land and buildings: -€29,889
- Reserves +€323,806
up €323,806 (+62.0%), from €521,905 to €845,711
of which Distributable reserves: +€323,806
- Trade debts -€69,194
down €69,194 (-56.6%), from €122,187 to €52,993
- Tax, wage and social debts +€60,153
up €60,153 (+136%), from €44,156 to €104,309
- Gross operating margin +€61,493
up €61,493 (+13.1%), from €470,594 to €532,087
- Taxes +€20,447
up €20,447 (+15.1%), from €135,114 to €155,561
- Financial income +€8,952
up €8,952 (+1,305%), from €686 to €9,638
- Other operating charges +€6,081
up €6,081 (+82.4%), from €7,377 to €13,458
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,314,219 | €1,633,301 | +€319,083 | +24.3% |
| Fixed assets | 21/28 | €518,634 | €475,341 | -€43,293 | -8.3% |
| Tangible fixed assets | 22/27 | €518,604 | €475,311 | -€43,293 | -8.3% |
| Land and buildings | 22 | €366,003 | €336,114 | -€29,889 | -8.2% |
| Plant, machinery and equipment | 23 | €152,601 | €139,197 | -€13,404 | -8.8% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €795,585 | €1,157,960 | +€362,376 | +45.5% |
| Stocks and contracts in progress | 3 | €5,185 | €8,781 | +€3,596 | +69.4% |
| Stocks | 30/36 | €5,185 | €8,781 | +€3,596 | +69.4% |
| Amounts receivable within one year | 40/41 | €359,660 | €404,635 | +€44,975 | +12.5% |
| Trade receivables | 40 | €359,097 | €403,924 | +€44,827 | +12.5% |
| Other amounts receivable | 41 | €563 | €711 | +€148 | +26.3% |
| Current investments | 50/53 | €200,000 | €350,000 | +€150,000 | +75.0% |
| Cash at bank and in hand | 54/58 | €168,257 | €287,555 | +€119,297 | +70.9% |
| Deferred charges and accrued income | 490/1 | €62,483 | €106,990 | +€44,507 | +71.2% |
| Total equity and liabilities | 10/49 | €1,314,219 | €1,633,301 | +€319,083 | +24.3% |
| Equity | 10/15 | €941,905 | €1,265,711 | +€323,806 | +34.4% |
| Contributions | 10/11 | €420,000 | €420,000 | = | 0.0% |
| Reserves | 13 | €521,905 | €845,711 | +€323,806 | +62.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €521,905 | €845,711 | +€323,806 | +62.0% |
| Provisions and deferred taxes | 16 | €150,000 | €150,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €150,000 | €150,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €150,000 | €150,000 | = | 0.0% |
| Amounts payable | 17/49 | €222,314 | €217,591 | -€4,724 | -2.1% |
| Amounts payable within one year | 42/48 | €222,113 | €215,593 | -€6,520 | -2.9% |
| Trade debts | 44 | €122,187 | €52,993 | -€69,194 | -56.6% |
| Suppliers | 440/4 | €122,187 | €52,993 | -€69,194 | -56.6% |
| Taxes, remuneration and social security | 45 | €44,156 | €104,309 | +€60,153 | +136% |
| Taxes | 450/3 | €44,156 | €104,309 | +€60,153 | +136% |
| Other amounts payable | 47/48 | €55,770 | €58,291 | +€2,521 | +4.5% |
| Accrued charges and deferred income | 492/3 | €201 | €1,998 | +€1,796 | +893% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,011 | €44,083 | +€2,072 | +4.9% |
| Other operating charges | 640/8 | €7,377 | €13,458 | +€6,081 | +82.4% |
| Non-recurring operating charges | 66A | - | €218 | +€218 | |
| Gross operating margin | 9900 | €470,594 | €532,087 | +€61,493 | +13.1% |
| Operating profit (loss) | 9901 | €421,206 | €474,328 | +€53,123 | +12.6% |
| Financial income | 75/76B | €686 | €9,638 | +€8,952 | +1,305% |
| Recurring financial income | 75 | €686 | €9,638 | +€8,952 | +1,305% |
| Financial charges | 65/66B | €3,157 | €4,600 | +€1,442 | +45.7% |
| Recurring financial charges | 65 | €3,157 | €4,600 | +€1,442 | +45.7% |
| Profit (loss) for the period before taxes | 9903 | €418,735 | €479,367 | +€60,632 | +14.5% |
| Income taxes | 67/77 | €135,114 | €155,561 | +€20,447 | +15.1% |
| Profit (loss) for the period | 9904 | €283,621 | €323,806 | +€40,185 | +14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €283,621 | €323,806 | +€40,185 | +14.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.