PassAnt: what changed
Two fiscal 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.
PassAnt
Largest movements
- Tangible fixed assets +€838,497
up €838,497 (+89.2%), from €940,010 to €1.8m
of which Land and buildings: +€852,499
- Cash -€343,781
down €343,781 (-46.4%), from €740,243 to €396,462
mainly Investment in fixed assets (net) (-€979,741) and Tax, wage and social debts (-€146,047)
- Receivables within one year -€254,454
down €254,454 (-31.0%), from €820,182 to €565,727
of which Other amounts receivable: -€222,897
- Debts after one year +€453,157
up €453,157 (+449.2%), from €100,875 to €554,031
of which Financial debts: +€453,157
- Tax, wage and social debts -€146,047
down €146,047 (-26.7%), from €547,433 to €401,386
of which Taxes: -€96,686
- Profit (loss) carried forward -€95,790
down €95,790 (-7.5%), from €1.3m to €1.2m
- Trade debts +€41,465
up €41,465 (+26.9%), from €153,931 to €195,396
- Staff costs +€246,084
up €246,084 (+7.1%), from €3.5m to €3.7m
- Gross operating margin +€153,317
up €153,317 (+4.2%), from €3.6m to €3.8m
- Depreciation +€61,728
up €61,728 (+78.5%), from €78,667 to €140,395
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.
Cash bridge derived
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 | €2,540,031 | €2,781,229 | +€241,198 | +9.5% |
| Fixed assets | 21/28 | €944,781 | €1,784,127 | +€839,347 | +88.8% |
| Tangible fixed assets | 22/27 | €940,010 | €1,778,507 | +€838,497 | +89.2% |
| Land and buildings | 22 | €866,841 | €1,719,340 | +€852,499 | +98.3% |
| Plant, machinery and equipment | 23 | €56,319 | €48,583 | -€7,736 | -13.7% |
| Furniture and vehicles | 24 | €16,850 | €10,583 | -€6,266 | -37.2% |
| Financial fixed assets | 28 | €4,771 | €5,621 | +€850 | +17.8% |
| Current assets | 29/58 | €1,595,250 | €997,101 | -€598,149 | -37.5% |
| Amounts receivable within one year | 40/41 | €820,182 | €565,727 | -€254,454 | -31.0% |
| Trade receivables | 40 | €214,905 | €183,347 | -€31,557 | -14.7% |
| Other amounts receivable | 41 | €605,277 | €382,380 | -€222,897 | -36.8% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €740,243 | €396,462 | -€343,781 | -46.4% |
| Deferred charges and accrued income | 490/1 | €34,826 | €34,912 | +€86 | +0.2% |
| Total equity and liabilities | 10/49 | €2,540,031 | €2,781,229 | +€241,198 | +9.5% |
| Equity | 10/15 | €1,591,703 | €1,473,924 | -€117,780 | -7.4% |
| Reserves | 13 | €59,000 | €59,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,276,782 | €1,180,992 | -€95,790 | -7.5% |
| Investment grants | 15 | €255,921 | €233,932 | -€21,990 | -8.6% |
| Provisions and deferred taxes | 16 | €125,000 | €125,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €125,000 | €125,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €125,000 | €125,000 | = | 0.0% |
| Amounts payable | 17/49 | €823,328 | €1,182,305 | +€358,977 | +43.6% |
| Amounts payable after more than one year | 17 | €100,875 | €554,031 | +€453,157 | +449.2% |
| Financial debts | 170/4 | €100,546 | €553,702 | +€453,157 | +450.7% |
| Other amounts payable | 178/9 | €329 | €329 | = | 0.0% |
| Amounts payable within one year | 42/48 | €701,364 | €623,812 | -€77,552 | -11.1% |
| Current portion of amounts payable after more than one year | 42 | - | €27,031 | +€27,031 | |
| Trade debts | 44 | €153,931 | €195,396 | +€41,465 | +26.9% |
| Suppliers | 440/4 | €153,931 | €195,396 | +€41,465 | +26.9% |
| Taxes, remuneration and social security | 45 | €547,433 | €401,386 | -€146,047 | -26.7% |
| Taxes | 450/3 | €100,506 | €3,820 | -€96,686 | -96.2% |
| Remuneration and social security | 454/9 | €446,927 | €397,566 | -€49,361 | -11.0% |
| Accrued charges and deferred income | 492/3 | €21,089 | €4,462 | -€16,628 | -78.8% |
| Remuneration, social security and pensions | 62 | €3,466,138 | €3,712,222 | +€246,084 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,667 | €140,395 | +€61,728 | +78.5% |
| Other operating charges | 640/8 | €6,146 | €9,089 | +€2,944 | +47.9% |
| Non-recurring operating charges | 66A | - | €7,496 | +€7,496 | |
| Gross operating margin | 9900 | €3,612,148 | €3,765,465 | +€153,317 | +4.2% |
| Operating profit (loss) | 9901 | €61,198 | -€103,737 | -€164,935 | |
| Financial income | 75/76B | €22,383 | €23,335 | +€952 | +4.3% |
| Recurring financial income | 75 | €22,383 | €23,335 | +€952 | +4.3% |
| Financial charges | 65/66B | €1,093 | €15,388 | +€14,296 | +1308.5% |
| Recurring financial charges | 65 | €1,093 | €15,388 | +€14,296 | +1308.5% |
| Profit (loss) for the period before taxes | 9903 | €82,488 | -€95,790 | -€178,278 | |
| Profit (loss) for the period | 9904 | €82,488 | -€95,790 | -€178,278 | |
| Profit (loss) for the period to be appropriated | 9905 | €82,488 | -€95,790 | -€178,278 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.