PASSATEMPO: 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.
PASSATEMPO
Largest movements
- Cash -€25,597
down €25,597 (-33.1%), from €77,360 to €51,763
mainly Other debts (-€19,714) and Debts after one year (-€15,209)
- Tangible fixed assets -€17,251
down €17,251 (-7.2%), from €240,835 to €223,584
of which Land and buildings: -€13,710
- Other debts -€19,714
down €19,714 (-27.0%), from €73,123 to €53,409
- Debts after one year -€15,209
down €15,209 (-23.7%), from €64,045 to €48,836
- Gross operating margin -€13,165
down €13,165 (-9.8%), from €134,287 to €121,122
- Taxes -€3,426
no longer reported in 2025 (was €3,426)
- Staff costs +€2,964
up €2,964 (+3.3%), from €89,632 to €92,596
- Depreciation -€1,557
down €1,557 (-5.7%), from €27,492 to €25,935
- Financial charges +€1,401
up €1,401 (+48.4%), from €2,896 to €4,297
of which Financial charges: +€948
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 | €321,539 | €281,295 | -€40,244 | -12.5% |
| Fixed assets | 21/28 | €240,835 | €223,584 | -€17,251 | -7.2% |
| Tangible fixed assets | 22/27 | €240,835 | €223,584 | -€17,251 | -7.2% |
| Land and buildings | 22 | €218,788 | €205,078 | -€13,710 | -6.3% |
| Plant, machinery and equipment | 23 | €5,898 | €6,444 | +€546 | +9.3% |
| Furniture and vehicles | 24 | €16,149 | €12,062 | -€4,087 | -25.3% |
| Current assets | 29/58 | €80,704 | €57,711 | -€22,993 | -28.5% |
| Stocks and contracts in progress | 3 | €614 | €459 | -€155 | -25.2% |
| Stocks | 30/36 | €614 | €459 | -€155 | -25.2% |
| Amounts receivable within one year | 40/41 | €2,730 | €5,489 | +€2,759 | +101% |
| Trade receivables | 40 | €2,730 | €2,989 | +€259 | +9.5% |
| Other amounts receivable | 41 | - | €2,500 | +€2,500 | |
| Cash at bank and in hand | 54/58 | €77,360 | €51,763 | -€25,597 | -33.1% |
| Total equity and liabilities | 10/49 | €321,539 | €281,295 | -€40,244 | -12.5% |
| Equity | 10/15 | €165,089 | €162,135 | -€2,954 | -1.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €137,339 | €137,339 | = | 0.0% |
| Tax-exempt reserves | 132 | €135,000 | €135,000 | = | 0.0% |
| Distributable reserves | 133 | €2,339 | €2,339 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,150 | €6,196 | -€2,954 | -32.3% |
| Amounts payable | 17/49 | €156,450 | €119,160 | -€37,290 | -23.8% |
| Amounts payable after more than one year | 17 | €64,045 | €48,836 | -€15,209 | -23.7% |
| Financial debts | 170/4 | €64,045 | €48,836 | -€15,209 | -23.7% |
| Amounts payable within one year | 42/48 | €92,405 | €70,324 | -€22,081 | -23.9% |
| Current portion of amounts payable after more than one year | 42 | €14,486 | €15,209 | +€723 | +5.0% |
| Trade debts | 44 | €621 | - | -€621 | |
| Suppliers | 440/4 | €621 | - | -€621 | |
| Taxes, remuneration and social security | 45 | €4,175 | €1,706 | -€2,469 | -59.1% |
| Taxes | 450/3 | €4,175 | €1,706 | -€2,469 | -59.1% |
| Other amounts payable | 47/48 | €73,123 | €53,409 | -€19,714 | -27.0% |
| Remuneration, social security and pensions | 62 | €89,632 | €92,596 | +€2,964 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,492 | €25,935 | -€1,557 | -5.7% |
| Other operating charges | 640/8 | €2,804 | €2,252 | -€552 | -19.7% |
| Gross operating margin | 9900 | €134,287 | €121,122 | -€13,165 | -9.8% |
| Operating profit (loss) | 9901 | €14,359 | €339 | -€14,020 | -97.6% |
| Financial income | 75/76B | €15 | €1,004 | +€989 | +6,593% |
| Recurring financial income | 75 | €15 | €1,004 | +€989 | +6,593% |
| Non-recurring financial income | 76B | €15 | €1,004 | +€989 | +6,593% |
| Financial charges | 65/66B | €2,896 | €4,297 | +€1,401 | +48.4% |
| Recurring financial charges | 65 | €2,896 | €3,844 | +€948 | +32.7% |
| Non-recurring financial charges | 66B | - | €453 | +€453 | |
| Profit (loss) for the period before taxes | 9903 | €11,478 | -€2,954 | -€14,432 | |
| Income taxes | 67/77 | €3,426 | - | -€3,426 | |
| Profit (loss) for the period | 9904 | €8,052 | -€2,954 | -€11,006 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,052 | -€2,954 | -€11,006 |
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 30 October 2026 via checked.be.