PASSAUTO: 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.
PASSAUTO
Largest movements
- Deferred charges and accrued income +€39,754
new in 2024: €39,754
- Receivables within one year -€32,352
down €32,352 (-63.8%), from €50,725 to €18,373
of which Other amounts receivable: -€16,474
- Tangible fixed assets -€12,391
down €12,391 (-50.0%), from €24,781 to €12,390
of which Plant, machinery and equipment: -€7,064
- Cash -€12,052
down €12,052 (-76.3%), from €15,795 to €3,743
mainly Other debts (-€46,661) and Deferred charges and accrued income (-€39,754)
- Stocks and contracts +€6,612
up €6,612 (+6.7%), from €99,048 to €105,660
- Other debts -€46,661
down €46,661 (-68.8%), from €67,824 to €21,163
- Trade debts +€35,478
new in 2024: €35,478
- Profit (loss) carried forward -€17,812
down €17,812 (-44.1%), from €40,390 to €22,578
- Short-term financial debts +€11,306
new in 2024: €11,306
- Tax, wage and social debts +€10,423
up €10,423 (+122.4%), from €8,512 to €18,935
of which Taxes: +€7,879
- Staff costs +€21,679
up €21,679 (+52.5%), from €41,321 to €63,000
- Gross operating margin +€8,307
up €8,307 (+13.0%), from €64,048 to €72,355
- Financial charges +€7,940
up €7,940 (+507.7%), from €1,564 to €9,504
- Other operating charges +€3,575
up €3,575 (+146.2%), from €2,446 to €6,021
- Taxes -€1,249
down €1,249 (-100.0%), from €1,249 to €0
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €194,474 | €179,920 | -€14,554 | -7.5% |
| Fixed assets | 21/28 | €28,906 | €12,390 | -€16,516 | -57.1% |
| Intangible fixed assets | 21 | €125 | €0 | -€125 | -100.0% |
| Tangible fixed assets | 22/27 | €24,781 | €12,390 | -€12,391 | -50.0% |
| Land and buildings | 22 | €2,020 | €1,010 | -€1,010 | -50.0% |
| Plant, machinery and equipment | 23 | €14,128 | €7,064 | -€7,064 | -50.0% |
| Furniture and vehicles | 24 | €8,633 | €4,317 | -€4,316 | -50.0% |
| Financial fixed assets | 28 | €4,000 | €0 | -€4,000 | -100.0% |
| Current assets | 29/58 | €165,568 | €167,529 | +€1,961 | +1.2% |
| Stocks and contracts in progress | 3 | €99,048 | €105,660 | +€6,612 | +6.7% |
| Stocks | 30/36 | €99,048 | €105,660 | +€6,612 | +6.7% |
| Amounts receivable within one year | 40/41 | €50,725 | €18,373 | -€32,352 | -63.8% |
| Trade receivables | 40 | €34,251 | €18,373 | -€15,878 | -46.4% |
| Other amounts receivable | 41 | €16,474 | €0 | -€16,474 | -100.0% |
| Cash at bank and in hand | 54/58 | €15,795 | €3,743 | -€12,052 | -76.3% |
| Deferred charges and accrued income | 490/1 | - | €39,754 | +€39,754 | |
| Total equity and liabilities | 10/49 | €194,474 | €179,920 | -€14,554 | -7.5% |
| Equity | 10/15 | €60,850 | €43,038 | -€17,812 | -29.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,390 | €22,578 | -€17,812 | -44.1% |
| Amounts payable | 17/49 | €133,624 | €136,881 | +€3,257 | +2.4% |
| Amounts payable after more than one year | 17 | €50,000 | €50,000 | = | 0.0% |
| Financial debts | 170/4 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €76,336 | €86,881 | +€10,545 | +13.8% |
| Financial debts | 43 | - | €11,306 | +€11,306 | |
| Credit institutions | 430/8 | - | €11,306 | +€11,306 | |
| Trade debts | 44 | - | €35,478 | +€35,478 | |
| Suppliers | 440/4 | - | €35,478 | +€35,478 | |
| Taxes, remuneration and social security | 45 | €8,512 | €18,935 | +€10,423 | +122.4% |
| Taxes | 450/3 | €850 | €8,729 | +€7,879 | +927.0% |
| Remuneration and social security | 454/9 | €7,662 | €10,205 | +€2,543 | +33.2% |
| Other amounts payable | 47/48 | €67,824 | €21,163 | -€46,661 | -68.8% |
| Accrued charges and deferred income | 492/3 | €7,288 | €0 | -€7,288 | -100.0% |
| Remuneration, social security and pensions | 62 | €41,321 | €63,000 | +€21,679 | +52.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,515 | €12,515 | +€0 | 0.0% |
| Other operating charges | 640/8 | €2,446 | €6,021 | +€3,575 | +146.2% |
| Gross operating margin | 9900 | €64,048 | €72,355 | +€8,307 | +13.0% |
| Operating profit (loss) | 9901 | €7,766 | -€9,182 | -€16,948 | |
| Financial income | 75/76B | - | €874 | +€874 | |
| Recurring financial income | 75 | - | €23 | +€23 | |
| Non-recurring financial income | 76B | - | €851 | +€851 | |
| Financial charges | 65/66B | €1,564 | €9,504 | +€7,940 | +507.7% |
| Recurring financial charges | 65 | €1,564 | €9,504 | +€7,940 | +507.7% |
| Profit (loss) for the period before taxes | 9903 | €6,202 | -€17,812 | -€24,014 | |
| Income taxes | 67/77 | €1,249 | €0 | -€1,249 | -100.0% |
| Profit (loss) for the period | 9904 | €4,953 | -€17,812 | -€22,765 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,953 | -€17,812 | -€22,765 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.