PASSAGE NAMUR: 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 NAMUR
Largest movements
- Cash -€24,143
down €24,143 (-76.8%), from €31,416 to €7,274
mainly Net result for the year (-€18,751) and Trade debts (-€2,787)
- Receivables within one year +€2,047
up €2,047 (+89.7%), from €2,281 to €4,328
of which Other amounts receivable: +€3,676
- Deferred charges and accrued income +€1,649
up €1,649 (+452%), from €365 to €2,014
- Stocks and contracts +€953
up €953 (+34.6%), from €2,752 to €3,704
- Tangible fixed assets -€826
down €826 (-10.2%), from €8,070 to €7,244
of which Plant, machinery and equipment: -€939
- Profit (loss) carried forward -€18,751
down €18,751 (-31.4%), from -€59,690 to -€78,441
- Trade debts -€2,787
down €2,787 (-44.8%), from €6,215 to €3,428
- Other debts +€1,143
up €1,143 (+1.4%), from €81,149 to €82,292
- Gross operating margin -€48,278
down €48,278 (-88.4%), from €54,643 to €6,366
- Staff costs -€6,623
down €6,623 (-27.6%), from €24,019 to €17,396
- Financial charges -€580
down €580 (-46.5%), from €1,246 to €666
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 | €51,626 | €31,307 | -€20,320 | -39.4% |
| Fixed assets | 21/28 | €14,812 | €13,986 | -€826 | -5.6% |
| Tangible fixed assets | 22/27 | €8,070 | €7,244 | -€826 | -10.2% |
| Plant, machinery and equipment | 23 | €7,300 | €6,362 | -€939 | -12.9% |
| Furniture and vehicles | 24 | €769 | €882 | +€113 | +14.7% |
| Financial fixed assets | 28 | €6,743 | €6,743 | = | 0.0% |
| Current assets | 29/58 | €36,814 | €17,320 | -€19,494 | -53.0% |
| Stocks and contracts in progress | 3 | €2,752 | €3,704 | +€953 | +34.6% |
| Stocks | 30/36 | €2,752 | €3,704 | +€953 | +34.6% |
| Amounts receivable within one year | 40/41 | €2,281 | €4,328 | +€2,047 | +89.7% |
| Trade receivables | 40 | €2,077 | €447 | -€1,630 | -78.5% |
| Other amounts receivable | 41 | €205 | €3,881 | +€3,676 | +1,798% |
| Cash at bank and in hand | 54/58 | €31,416 | €7,274 | -€24,143 | -76.8% |
| Deferred charges and accrued income | 490/1 | €365 | €2,014 | +€1,649 | +452% |
| Total equity and liabilities | 10/49 | €51,626 | €31,307 | -€20,320 | -39.4% |
| Equity | 10/15 | -€41,090 | -€59,841 | -€18,751 | -45.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,690 | -€78,441 | -€18,751 | -31.4% |
| Amounts payable | 17/49 | €92,716 | €91,148 | -€1,569 | -1.7% |
| Amounts payable within one year | 42/48 | €92,716 | €91,148 | -€1,569 | -1.7% |
| Trade debts | 44 | €6,215 | €3,428 | -€2,787 | -44.8% |
| Suppliers | 440/4 | €6,215 | €3,428 | -€2,787 | -44.8% |
| Taxes, remuneration and social security | 45 | €5,352 | €5,427 | +€75 | +1.4% |
| Taxes | 450/3 | €2,983 | €1,765 | -€1,219 | -40.8% |
| Remuneration and social security | 454/9 | €2,369 | €3,662 | +€1,293 | +54.6% |
| Other amounts payable | 47/48 | €81,149 | €82,292 | +€1,143 | +1.4% |
| Remuneration, social security and pensions | 62 | €24,019 | €17,396 | -€6,623 | -27.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,234 | €2,266 | +€32 | +1.4% |
| Other operating charges | 640/8 | €3,238 | €3,239 | +€1 | 0.0% |
| Non-recurring operating charges | 66A | - | €1,557 | +€1,557 | |
| Gross operating margin | 9900 | €54,643 | €6,366 | -€48,278 | -88.4% |
| Operating profit (loss) | 9901 | €25,152 | -€18,093 | -€43,245 | |
| Financial income | 75/76B | €22 | €8 | -€14 | -63.9% |
| Recurring financial income | 75 | €22 | €8 | -€14 | -63.9% |
| Financial charges | 65/66B | €1,246 | €666 | -€580 | -46.5% |
| Recurring financial charges | 65 | €1,246 | €666 | -€580 | -46.5% |
| Profit (loss) for the period before taxes | 9903 | €23,928 | -€18,751 | -€42,679 | |
| Profit (loss) for the period | 9904 | €23,928 | -€18,751 | -€42,679 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,928 | -€18,751 | -€42,679 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.