Passant & Heem: 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.
Passant & Heem
Largest movements
- Deferred charges and accrued income +€122,722
new in 2023: €122,722
- Receivables within one year -€63,310
down €63,310 (-62.4%), from €101,416 to €38,106
of which Trade receivables: -€98,573
- Tangible fixed assets -€47,079
down €47,079 (-13.6%), from €346,679 to €299,600
of which Plant, machinery and equipment: -€31,206
- Cash +€41,218
up €41,218 (+111%), from €37,012 to €78,230
mainly Receivables within one year (+€63,310) and Net result for the year (+€62,129)
- Reserves +€62,129
up €62,129 (+26.9%), from €231,189 to €293,317
- Debts after one year -€12,197
down €12,197 (-6.8%), from €179,134 to €166,937
- Tax, wage and social debts +€12,153
up €12,153 (+34.6%), from €35,159 to €47,312
- Depreciation -€32,417
down €32,417 (-52.5%), from €61,741 to €29,324
- Taxes +€11,883
up €11,883 (+66.7%), from €17,807 to €29,690
- Gross operating margin -€7,677
down €7,677 (-5.7%), from €134,688 to €127,010
- Other operating charges -€2,019
down €2,019 (-42.5%), from €4,751 to €2,732
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €485,108 | €543,659 | +€58,551 | +12.1% |
| Fixed assets | 21/28 | €346,679 | €304,600 | -€42,079 | -12.1% |
| Tangible fixed assets | 22/27 | €346,679 | €299,600 | -€47,079 | -13.6% |
| Land and buildings | 22 | €247,133 | €243,330 | -€3,803 | -1.5% |
| Plant, machinery and equipment | 23 | €62,622 | €31,416 | -€31,206 | -49.8% |
| Furniture and vehicles | 24 | €31,235 | €20,385 | -€10,850 | -34.7% |
| Other tangible fixed assets | 26 | €5,690 | €4,470 | -€1,220 | -21.4% |
| Financial fixed assets | 28 | - | €5,000 | +€5,000 | |
| Current assets | 29/58 | €138,429 | €239,059 | +€100,630 | +72.7% |
| Amounts receivable within one year | 40/41 | €101,416 | €38,106 | -€63,310 | -62.4% |
| Trade receivables | 40 | €101,416 | €2,844 | -€98,573 | -97.2% |
| Other amounts receivable | 41 | - | €35,263 | +€35,263 | |
| Cash at bank and in hand | 54/58 | €37,012 | €78,230 | +€41,218 | +111% |
| Deferred charges and accrued income | 490/1 | - | €122,722 | +€122,722 | |
| Total equity and liabilities | 10/49 | €485,108 | €543,659 | +€58,551 | +12.1% |
| Equity | 10/15 | €236,189 | €298,317 | +€62,129 | +26.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €231,189 | €293,317 | +€62,129 | +26.9% |
| Distributable reserves | 133 | €231,189 | €293,317 | +€62,129 | +26.9% |
| Amounts payable | 17/49 | €248,920 | €245,342 | -€3,578 | -1.4% |
| Amounts payable after more than one year | 17 | €179,134 | €166,937 | -€12,197 | -6.8% |
| Financial debts | 170/4 | €179,134 | €166,937 | -€12,197 | -6.8% |
| Amounts payable within one year | 42/48 | €55,926 | €64,545 | +€8,619 | +15.4% |
| Current portion of amounts payable after more than one year | 42 | €11,997 | €12,213 | +€216 | +1.8% |
| Trade debts | 44 | €4,972 | €2,022 | -€2,951 | -59.3% |
| Suppliers | 440/4 | €4,972 | €2,022 | -€2,951 | -59.3% |
| Taxes, remuneration and social security | 45 | €35,159 | €47,312 | +€12,153 | +34.6% |
| Taxes | 450/3 | €35,159 | €47,312 | +€12,153 | +34.6% |
| Other amounts payable | 47/48 | €3,797 | €2,998 | -€799 | -21.0% |
| Accrued charges and deferred income | 492/3 | €13,860 | €13,860 | = | 0.0% |
| Non-recurring operating income | 76A | - | €7,567 | +€7,567 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,741 | €29,324 | -€32,417 | -52.5% |
| Other operating charges | 640/8 | €4,751 | €2,732 | -€2,019 | -42.5% |
| Gross operating margin | 9900 | €134,688 | €127,010 | -€7,677 | -5.7% |
| Operating profit (loss) | 9901 | €68,195 | €94,954 | +€26,759 | +39.2% |
| Financial income | 75/76B | €240 | €0 | -€240 | -100% |
| Recurring financial income | 75 | €240 | €0 | -€240 | -100% |
| Financial charges | 65/66B | €3,296 | €3,135 | -€161 | -4.9% |
| Recurring financial charges | 65 | €3,296 | €3,135 | -€161 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €65,139 | €91,819 | +€26,680 | +41.0% |
| Income taxes | 67/77 | €17,807 | €29,690 | +€11,883 | +66.7% |
| Profit (loss) for the period | 9904 | €47,332 | €62,129 | +€14,796 | +31.3% |
| Profit (loss) for the period to be appropriated | 9905 | €47,332 | €62,129 | +€14,796 | +31.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2022 and 30 September 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.