PASSAGER-BOUVY: 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.
PASSAGER-BOUVY
Largest movements
- Tangible fixed assets -€51,716
down €51,716 (-11.6%), from €445,561 to €393,845
of which Plant, machinery and equipment: -€32,725
- Profit (loss) carried forward -€40,329
down €40,329 (-37.6%), from -€107,302 to -€147,631
- Debts after one year -€15,276
down €15,276 (-14.8%), from €103,012 to €87,736
- Other debts +€4,775
up €4,775 (+6.2%), from €76,828 to €81,603
- Depreciation -€3,783
down €3,783 (-6.8%), from €55,499 to €51,716
- Gross operating margin +€3,539
up €3,539 (+26.0%), from €13,606 to €17,145
- Other operating charges +€1,211
up €1,211 (+42.8%), from €2,831 to €4,042
- Financial charges -€305
down €305 (-15.1%), from €2,021 to €1,716
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 | €449,120 | €394,061 | -€55,060 | -12.3% |
| Fixed assets | 21/28 | €445,561 | €393,845 | -€51,716 | -11.6% |
| Tangible fixed assets | 22/27 | €445,561 | €393,845 | -€51,716 | -11.6% |
| Land and buildings | 22 | €337,864 | €323,204 | -€14,660 | -4.3% |
| Plant, machinery and equipment | 23 | €103,366 | €70,641 | -€32,725 | -31.7% |
| Furniture and vehicles | 24 | €4,331 | - | -€4,331 | |
| Current assets | 29/58 | €3,559 | €215 | -€3,344 | -94.0% |
| Cash at bank and in hand | 54/58 | €3,559 | €37 | -€3,521 | -98.9% |
| Deferred charges and accrued income | 490/1 | - | €178 | +€178 | |
| Total equity and liabilities | 10/49 | €449,120 | €394,061 | -€55,060 | -12.3% |
| Equity | 10/15 | €249,775 | €209,446 | -€40,329 | -16.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €338,477 | €338,477 | = | 0.0% |
| Distributable reserves | 133 | €338,477 | €338,477 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€107,302 | -€147,631 | -€40,329 | -37.6% |
| Amounts payable | 17/49 | €199,345 | €184,615 | -€14,730 | -7.4% |
| Amounts payable after more than one year | 17 | €103,012 | €87,736 | -€15,276 | -14.8% |
| Financial debts | 170/4 | €103,012 | €87,736 | -€15,276 | -14.8% |
| Amounts payable within one year | 42/48 | €96,333 | €96,879 | +€546 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €19,428 | €15,276 | -€4,152 | -21.4% |
| Trade debts | 44 | €77 | - | -€77 | |
| Suppliers | 440/4 | €77 | - | -€77 | |
| Other amounts payable | 47/48 | €76,828 | €81,603 | +€4,775 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,499 | €51,716 | -€3,783 | -6.8% |
| Other operating charges | 640/8 | €2,831 | €4,042 | +€1,211 | +42.8% |
| Gross operating margin | 9900 | €13,606 | €17,145 | +€3,539 | +26.0% |
| Operating profit (loss) | 9901 | -€44,725 | -€38,613 | +€6,111 | +13.7% |
| Financial charges | 65/66B | €2,021 | €1,716 | -€305 | -15.1% |
| Recurring financial charges | 65 | €2,021 | €1,716 | -€305 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | -€46,746 | -€40,329 | +€6,417 | +13.7% |
| Profit (loss) for the period | 9904 | -€46,746 | -€40,329 | +€6,417 | +13.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,746 | -€40,329 | +€6,417 | +13.7% |
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 18 October 2026 via checked.be.