PASSCHYN SEBASTIAAN: 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.
PASSCHYN SEBASTIAAN
Largest movements
- Cash +€19,759
up €19,759 (+109%), from €18,199 to €37,959
mainly Depreciation (+€42,591) and Net result for the year (+€22,787)
- Receivables within one year -€13,074
down €13,074 (-66.3%), from €19,713 to €6,639
of which Trade receivables: -€11,497
- Other debts +€21,749
up €21,749 (+32.0%), from €68,022 to €89,771
- Debts after one year -€13,456
down €13,456 (-5.7%), from €236,492 to €223,036
- Other operating charges -€21,065
down €21,065 (-87.4%), from €24,110 to €3,045
- Gross operating margin +€11,668
up €11,668 (+11.1%), from €104,783 to €116,451
- Depreciation +€6,224
up €6,224 (+17.1%), from €36,366 to €42,591
- Taxes +€5,118
up €5,118 (+59.1%), from €8,660 to €13,779
- Financial charges -€1,400
down €1,400 (-3.9%), from €35,686 to €34,286
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 | €714,901 | €728,498 | +€13,597 | +1.9% |
| Fixed assets | 21/28 | €676,988 | €683,899 | +€6,911 | +1.0% |
| Tangible fixed assets | 22/27 | €676,988 | €683,899 | +€6,911 | +1.0% |
| Land and buildings | 22 | €626,747 | €602,269 | -€24,478 | -3.9% |
| Plant, machinery and equipment | 23 | €1,771 | €1,179 | -€592 | -33.4% |
| Furniture and vehicles | 24 | €9,802 | €1,768 | -€8,034 | -82.0% |
| Other tangible fixed assets | 26 | €38,667 | €78,682 | +€40,015 | +103% |
| Current assets | 29/58 | €37,913 | €44,598 | +€6,685 | +17.6% |
| Amounts receivable within one year | 40/41 | €19,713 | €6,639 | -€13,074 | -66.3% |
| Trade receivables | 40 | €17,630 | €6,133 | -€11,497 | -65.2% |
| Other amounts receivable | 41 | €2,083 | €506 | -€1,577 | -75.7% |
| Cash at bank and in hand | 54/58 | €18,199 | €37,959 | +€19,759 | +109% |
| Total equity and liabilities | 10/49 | €714,901 | €728,498 | +€13,597 | +1.9% |
| Equity | 10/15 | €14,520 | €14,520 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €9,520 | €9,520 | = | 0.0% |
| Distributable reserves | 133 | €9,520 | €9,520 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €700,381 | €713,977 | +€13,597 | +1.9% |
| Amounts payable after more than one year | 17 | €236,492 | €223,036 | -€13,456 | -5.7% |
| Financial debts | 170/4 | €236,492 | €223,036 | -€13,456 | -5.7% |
| Amounts payable within one year | 42/48 | €463,889 | €490,941 | +€27,052 | +5.8% |
| Current portion of amounts payable after more than one year | 42 | €14,068 | €13,910 | -€159 | -1.1% |
| Financial debts | 43 | €355,000 | €355,000 | = | 0.0% |
| Other loans | 439 | €355,000 | €355,000 | = | 0.0% |
| Trade debts | 44 | €964 | €0 | -€964 | -100% |
| Suppliers | 440/4 | €964 | €0 | -€964 | -100% |
| Taxes, remuneration and social security | 45 | €25,835 | €32,260 | +€6,426 | +24.9% |
| Taxes | 450/3 | €23,435 | €29,660 | +€6,226 | +26.6% |
| Remuneration and social security | 454/9 | €2,400 | €2,600 | +€200 | +8.3% |
| Other amounts payable | 47/48 | €68,022 | €89,771 | +€21,749 | +32.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,366 | €42,591 | +€6,224 | +17.1% |
| Other operating charges | 640/8 | €24,110 | €3,045 | -€21,065 | -87.4% |
| Gross operating margin | 9900 | €104,783 | €116,451 | +€11,668 | +11.1% |
| Operating profit (loss) | 9901 | €44,307 | €70,816 | +€26,509 | +59.8% |
| Financial income | 75/76B | €58 | €37 | -€21 | -36.8% |
| Recurring financial income | 75 | €58 | €37 | -€21 | -36.8% |
| Financial charges | 65/66B | €35,686 | €34,286 | -€1,400 | -3.9% |
| Recurring financial charges | 65 | €35,686 | €34,286 | -€1,400 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €8,678 | €36,566 | +€27,887 | +321% |
| Income taxes | 67/77 | €8,660 | €13,779 | +€5,118 | +59.1% |
| Profit (loss) for the period | 9904 | €18 | €22,787 | +€22,769 | +123,677% |
| Profit (loss) for the period to be appropriated | 9905 | €18 | €22,787 | +€22,769 | +123,677% |
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 31 October 2026 via checked.be.