PASSAGE: 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.
PASSAGE
Largest movements
- Cash -€179
down €179 (-28.4%), from €631 to €452
mainly Net result for the year (-€6,087)
- Profit (loss) carried forward -€6,087
down €6,087 (-25.0%), from -€24,304 to -€30,391
- Debts within one year +€5,908
up €5,908 (+40.1%), from €14,719 to €20,627
- Gross operating margin -€4,972
down €4,972 (-885%), from -€562 to -€5,534
From the 2018 result to the 2019 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 2018 and 2019 balance sheets and the 2019 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2018 | 2019 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €631 | €452 | -€179 | -28.4% |
| Current assets | 29/58 | €631 | €452 | -€179 | -28.4% |
| Cash at bank and in hand | 54/58 | €631 | €452 | -€179 | -28.4% |
| Total equity and liabilities | 10/49 | €631 | €452 | -€179 | -28.4% |
| Equity | 10/15 | -€14,088 | -€20,175 | -€6,087 | -43.2% |
| Contributions | 10/11 | €10,207 | €10,207 | = | 0.0% |
| Reserves | 13 | €9 | €9 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,304 | -€30,391 | -€6,087 | -25.0% |
| Amounts payable | 17/49 | €14,719 | €20,627 | +€5,908 | +40.1% |
| Amounts payable within one year | 42/48 | €14,719 | €20,627 | +€5,908 | +40.1% |
| Trade debts | 44 | €30 | €30 | = | 0.0% |
| Gross operating margin | 9900 | -€562 | -€5,534 | -€4,972 | -885% |
| Operating profit (loss) | 9901 | -€893 | -€5,871 | -€4,978 | -557% |
| Recurring financial charges | 65 | - | €168 | +€168 | |
| Profit (loss) for the period before taxes | 9903 | -€893 | -€6,039 | -€5,146 | -576% |
| Income taxes | 67/77 | €49 | €48 | -€1 | -2.0% |
| Profit (loss) for the period | 9904 | -€942 | -€6,087 | -€5,145 | -546% |
| Profit (loss) for the period to be appropriated | 9905 | -€942 | -€6,087 | -€5,145 | -546% |
Source: filed annual accounts (NBB), financial years ended 31 December 2018 and 31 December 2019. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.