PASSE-PARTOUT: 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.
PASSE-PARTOUT
Largest movements
- Tangible fixed assets -€48,384
down €48,384 (-4.0%), from €1.2m to €1.2m
- Other debts -€37,000
down €37,000 (-41.1%), from €90,000 to €53,000
- Short-term financial debts -€35,000
no longer reported in 2026 (was €35,000)
- Profit (loss) carried forward +€25,776
up €25,776 (+33.5%), from -€77,000 to -€51,225
- Depreciation -€34,638
down €34,638 (-41.7%), from €83,022 to €48,384
- Gross operating margin +€13,900
up €13,900 (+14.9%), from €93,402 to €107,302
- Other operating charges -€3,971
down €3,971 (-80.9%), from €4,910 to €940
- Financial charges +€1,750
up €1,750 (+5.7%), from €30,452 to €32,202
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,218,902 | €1,175,100 | -€43,803 | -3.6% |
| Fixed assets | 21/28 | €1,216,241 | €1,167,857 | -€48,384 | -4.0% |
| Tangible fixed assets | 22/27 | €1,216,241 | €1,167,857 | -€48,384 | -4.0% |
| Land and buildings | 22 | €1,216,241 | €1,167,857 | -€48,384 | -4.0% |
| Current assets | 29/58 | €2,661 | €7,243 | +€4,582 | +172% |
| Amounts receivable within one year | 40/41 | €1,307 | €1,350 | +€43 | +3.3% |
| Trade receivables | 40 | €1,307 | €1,350 | +€43 | +3.3% |
| Cash at bank and in hand | 54/58 | €1,354 | €5,893 | +€4,538 | +335% |
| Total equity and liabilities | 10/49 | €1,218,902 | €1,175,100 | -€43,803 | -3.6% |
| Equity | 10/15 | -€8,800 | €16,975 | +€25,776 | |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€77,000 | -€51,225 | +€25,776 | +33.5% |
| Amounts payable | 17/49 | €1,227,703 | €1,158,124 | -€69,579 | -5.7% |
| Amounts payable after more than one year | 17 | €1,028,974 | €1,019,272 | -€9,701 | -0.9% |
| Financial debts | 170/4 | €1,009,894 | €1,019,272 | +€9,379 | +0.9% |
| Other amounts payable | 178/9 | €19,080 | - | -€19,080 | |
| Amounts payable within one year | 42/48 | €196,145 | €135,802 | -€60,343 | -30.8% |
| Current portion of amounts payable after more than one year | 42 | €70,965 | €82,424 | +€11,458 | +16.1% |
| Financial debts | 43 | €35,000 | - | -€35,000 | |
| Credit institutions | 430/8 | €35,000 | - | -€35,000 | |
| Trade debts | 44 | €66 | €261 | +€195 | +295% |
| Suppliers | 440/4 | €66 | €261 | +€195 | +295% |
| Taxes, remuneration and social security | 45 | €113 | €117 | +€4 | +3.3% |
| Taxes | 450/3 | €113 | €117 | +€4 | +3.3% |
| Other amounts payable | 47/48 | €90,000 | €53,000 | -€37,000 | -41.1% |
| Accrued charges and deferred income | 492/3 | €2,584 | €3,050 | +€466 | +18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,022 | €48,384 | -€34,638 | -41.7% |
| Other operating charges | 640/8 | €4,910 | €940 | -€3,971 | -80.9% |
| Gross operating margin | 9900 | €93,402 | €107,302 | +€13,900 | +14.9% |
| Operating profit (loss) | 9901 | €5,469 | €57,978 | +€52,509 | +960% |
| Financial charges | 65/66B | €30,452 | €32,202 | +€1,750 | +5.7% |
| Recurring financial charges | 65 | €30,452 | €32,202 | +€1,750 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | -€24,983 | €25,776 | +€50,759 | |
| Profit (loss) for the period | 9904 | -€24,983 | €25,776 | +€50,759 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,983 | €25,776 | +€50,759 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.