PASSÉ: 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.
PASSÉ
Largest movements
- Tangible fixed assets +€20,150
up €20,150 (+101%), from €20,000 to €40,150
of which Plant, machinery and equipment: +€24,150
- Profit (loss) carried forward +€36,165
up €36,165 (+87.0%), from -€41,555 to -€5,390
- Trade debts -€23,104
down €23,104 (-80.7%), from €28,620 to €5,516
- Tax, wage and social debts +€5,369
up €5,369 (+305%), from €1,759 to €7,128
of which Taxes: +€5,887
- Contributions -€1,860
down €1,860 (-9.1%), from €20,460 to €18,600
- Reserves +€1,860
new in 2025: €1,860
- Turnover -€106,004
no longer reported in 2025 (was €106,004)
- Purchases and services -€74,105
no longer reported in 2025 (was €74,105)
- Gross operating margin +€16,584
up €16,584 (+52.0%), from €31,899 to €48,483
- Taxes +€4,744
new in 2025: €4,744
- Depreciation +€4,471
new in 2025: €4,471
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 | €27,054 | €47,036 | +€19,982 | +73.9% |
| Fixed assets | 21/28 | €20,000 | €40,150 | +€20,150 | +101% |
| Tangible fixed assets | 22/27 | €20,000 | €40,150 | +€20,150 | +101% |
| Plant, machinery and equipment | 23 | - | €24,150 | +€24,150 | |
| Furniture and vehicles | 24 | €20,000 | €16,000 | -€4,000 | -20.0% |
| Current assets | 29/58 | €7,054 | €6,887 | -€167 | -2.4% |
| Stocks and contracts in progress | 3 | €3,754 | €3,754 | -€0 | 0.0% |
| Stocks | 30/36 | €3,754 | €3,754 | -€0 | 0.0% |
| Amounts receivable within one year | 40/41 | €61 | €7 | -€54 | -87.9% |
| Trade receivables | 40 | - | €7 | +€7 | |
| Other amounts receivable | 41 | €61 | - | -€61 | |
| Cash at bank and in hand | 54/58 | €2,459 | €2,345 | -€114 | -4.6% |
| Deferred charges and accrued income | 490/1 | €780 | €780 | +€0 | +0.1% |
| Total equity and liabilities | 10/49 | €27,054 | €47,036 | +€19,982 | +73.9% |
| Equity | 10/15 | -€21,095 | €15,070 | +€36,165 | |
| Contributions | 10/11 | €20,460 | €18,600 | -€1,860 | -9.1% |
| Reserves | 13 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€41,555 | -€5,390 | +€36,165 | +87.0% |
| Amounts payable | 17/49 | €48,149 | €31,966 | -€16,183 | -33.6% |
| Amounts payable within one year | 42/48 | €48,149 | €31,966 | -€16,183 | -33.6% |
| Trade debts | 44 | €28,620 | €5,516 | -€23,104 | -80.7% |
| Suppliers | 440/4 | €28,620 | €5,516 | -€23,104 | -80.7% |
| Taxes, remuneration and social security | 45 | €1,759 | €7,128 | +€5,369 | +305% |
| Taxes | 450/3 | €851 | €6,738 | +€5,887 | +692% |
| Remuneration and social security | 454/9 | €908 | €390 | -€518 | -57.0% |
| Other amounts payable | 47/48 | €17,770 | €19,322 | +€1,552 | +8.7% |
| Turnover | 70 | €106,004 | - | -€106,004 | |
| Non-recurring operating income | 76A | - | €1,800 | +€1,800 | |
| Goods, raw materials, services and sundry goods | 60/61 | €74,105 | - | -€74,105 | |
| Remuneration, social security and pensions | 62 | €736 | €739 | +€3 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,471 | +€4,471 | |
| Other operating charges | 640/8 | €1,725 | €1,152 | -€573 | -33.2% |
| Gross operating margin | 9900 | €31,899 | €48,483 | +€16,584 | +52.0% |
| Operating profit (loss) | 9901 | €29,438 | €42,122 | +€12,684 | +43.1% |
| Financial income | 75/76B | €202 | €65 | -€137 | -68.0% |
| Recurring financial income | 75 | €202 | €65 | -€137 | -68.0% |
| Financial charges | 65/66B | €1,480 | €1,277 | -€203 | -13.7% |
| Recurring financial charges | 65 | €1,480 | €1,277 | -€203 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €28,160 | €40,909 | +€12,749 | +45.3% |
| Income taxes | 67/77 | - | €4,744 | +€4,744 | |
| Profit (loss) for the period | 9904 | €28,160 | €36,165 | +€8,005 | +28.4% |
| Profit (loss) for the period to be appropriated | 9905 | €28,160 | €36,165 | +€8,005 | +28.4% |
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 21 October 2026 via checked.be.