PASSE SIMPLE: 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.
PASSE SIMPLE
Largest movements
- Stocks and contracts +€18,691
up €18,691 (+12.9%), from €144,532 to €163,222
- Tangible fixed assets -€10,004
down €10,004 (-14.0%), from €71,668 to €61,664
of which Furniture and vehicles: -€6,394
- Receivables within one year +€4,482
up €4,482 (+26.6%), from €16,821 to €21,303
- Cash +€2,833
up €2,833 (+203.4%), from €1,393 to €4,226
mainly Net result for the year (+€35,976) and Tax, wage and social debts (+€14,889)
- Profit (loss) carried forward +€35,976
up €35,976 (+171.5%), from €20,982 to €56,958
- Other debts -€29,832
down €29,832 (-21.1%), from €141,503 to €111,671
- Tax, wage and social debts +€14,889
up €14,889 (+97.8%), from €15,230 to €30,119
- Debts after one year -€5,772
down €5,772 (-45.1%), from €12,788 to €7,016
- Short-term financial debts +€3,107
up €3,107 (+212.5%), from €1,462 to €4,570
- Gross operating margin +€14,086
up €14,086 (+26.7%), from €52,799 to €66,885
- Taxes +€4,531
up €4,531 (+43.4%), from €10,433 to €14,964
- Depreciation -€2,611
down €2,611 (-21.1%), from €12,357 to €9,746
- Other operating charges -€1,816
down €1,816 (-44.9%), from €4,041 to €2,226
- Financial charges -€1,633
down €1,633 (-29.1%), from €5,606 to €3,973
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.
Cash bridge derived
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 | €243,596 | €260,544 | +€16,948 | +7.0% |
| Fixed assets | 21/28 | €78,156 | €68,152 | -€10,004 | -12.8% |
| Tangible fixed assets | 22/27 | €71,668 | €61,664 | -€10,004 | -14.0% |
| Land and buildings | 22 | €48,971 | €45,596 | -€3,375 | -6.9% |
| Furniture and vehicles | 24 | €20,961 | €14,567 | -€6,394 | -30.5% |
| Other tangible fixed assets | 26 | €1,736 | €1,502 | -€234 | -13.5% |
| Financial fixed assets | 28 | €6,488 | €6,488 | = | 0.0% |
| Current assets | 29/58 | €165,440 | €192,391 | +€26,952 | +16.3% |
| Stocks and contracts in progress | 3 | €144,532 | €163,222 | +€18,691 | +12.9% |
| Stocks | 30/36 | €144,532 | €163,222 | +€18,691 | +12.9% |
| Amounts receivable within one year | 40/41 | €16,821 | €21,303 | +€4,482 | +26.6% |
| Trade receivables | 40 | €16,821 | €21,303 | +€4,482 | +26.6% |
| Cash at bank and in hand | 54/58 | €1,393 | €4,226 | +€2,833 | +203.4% |
| Deferred charges and accrued income | 490/1 | €2,693 | €3,640 | +€946 | +35.1% |
| Total equity and liabilities | 10/49 | €243,596 | €260,544 | +€16,948 | +7.0% |
| Equity | 10/15 | €39,582 | €75,558 | +€35,976 | +90.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,982 | €56,958 | +€35,976 | +171.5% |
| Amounts payable | 17/49 | €204,014 | €184,986 | -€19,028 | -9.3% |
| Amounts payable after more than one year | 17 | €12,788 | €7,016 | -€5,772 | -45.1% |
| Financial debts | 170/4 | €12,788 | €7,016 | -€5,772 | -45.1% |
| Amounts payable within one year | 42/48 | €188,827 | €174,197 | -€14,630 | -7.7% |
| Current portion of amounts payable after more than one year | 42 | €5,557 | €5,772 | +€215 | +3.9% |
| Financial debts | 43 | €1,462 | €4,570 | +€3,107 | +212.5% |
| Credit institutions | 430/8 | €1,462 | €4,570 | +€3,107 | +212.5% |
| Trade debts | 44 | €25,075 | €22,066 | -€3,009 | -12.0% |
| Suppliers | 440/4 | €25,075 | €22,066 | -€3,009 | -12.0% |
| Taxes, remuneration and social security | 45 | €15,230 | €30,119 | +€14,889 | +97.8% |
| Taxes | 450/3 | €15,230 | €30,119 | +€14,889 | +97.8% |
| Other amounts payable | 47/48 | €141,503 | €111,671 | -€29,832 | -21.1% |
| Accrued charges and deferred income | 492/3 | €2,398 | €3,772 | +€1,374 | +57.3% |
| Non-recurring operating income | 76A | €0 | €7,393 | +€7,393 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,357 | €9,746 | -€2,611 | -21.1% |
| Other operating charges | 640/8 | €4,041 | €2,226 | -€1,816 | -44.9% |
| Gross operating margin | 9900 | €52,799 | €66,885 | +€14,086 | +26.7% |
| Operating profit (loss) | 9901 | €36,401 | €54,913 | +€18,512 | +50.9% |
| Financial income | 75/76B | €321 | €0 | -€321 | -100.0% |
| Recurring financial income | 75 | €321 | €0 | -€321 | -100.0% |
| Financial charges | 65/66B | €5,606 | €3,973 | -€1,633 | -29.1% |
| Recurring financial charges | 65 | €5,606 | €3,973 | -€1,633 | -29.1% |
| Profit (loss) for the period before taxes | 9903 | €31,116 | €50,940 | +€19,824 | +63.7% |
| Income taxes | 67/77 | €10,433 | €14,964 | +€4,531 | +43.4% |
| Profit (loss) for the period | 9904 | €20,683 | €35,976 | +€15,293 | +73.9% |
| Profit (loss) for the period to be appropriated | 9905 | €20,683 | €35,976 | +€15,293 | +73.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.