PASSENDALEVELD: 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.
PASSENDALEVELD
Largest movements
- Receivables within one year -€3.5m
down €3.5m (-99.4%), from €3.5m to €20,216
of which Other amounts receivable: -€3.5m
- Cash -€1.5m
down €1.5m (-66.6%), from €2.3m to €767,326
mainly Other debts (-€3.9m) and Current investments (-€1.1m)
- Current investments +€1.1m
new in 2023: €1.1m
- Other debts -€3.9m
down €3.9m (-100%), from €3.9m to €0
- Financial income -€3.9m
down €3.9m (-99.9%), from €3.9m to €2,104
of which Non-recurring financial income: -€3.9m
- Gross operating margin +€10,713
up €10,713 (+36.9%), from -€29,053 to -€18,340
- Taxes +€631
up €631, from €0 to €631
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,812,669 | €1,863,759 | -€3.9m | -67.9% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €5,812,669 | €1,863,759 | -€3.9m | -67.9% |
| Amounts receivable within one year | 40/41 | €3,508,135 | €20,216 | -€3.5m | -99.4% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €3,508,135 | €20,216 | -€3.5m | -99.4% |
| Current investments | 50/53 | - | €1,071,176 | +€1.1m | |
| Cash at bank and in hand | 54/58 | €2,299,493 | €767,326 | -€1.5m | -66.6% |
| Deferred charges and accrued income | 490/1 | €5,041 | €5,041 | = | 0.0% |
| Total equity and liabilities | 10/49 | €5,812,669 | €1,863,759 | -€3.9m | -67.9% |
| Equity | 10/15 | €1,866,806 | €1,849,520 | -€17,285 | -0.9% |
| Contributions | 10/11 | €1,641,000 | €1,641,000 | = | 0.0% |
| Reserves | 13 | €225,806 | €208,520 | -€17,285 | -7.7% |
| Non-distributable reserves | 130/1 | €41,000 | €41,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €41,000 | €41,000 | = | 0.0% |
| Distributable reserves | 133 | €184,806 | €167,520 | -€17,285 | -9.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €3,945,863 | €14,238 | -€3.9m | -99.6% |
| Amounts payable within one year | 42/48 | €3,936,970 | €5,345 | -€3.9m | -99.9% |
| Trade debts | 44 | €3,025 | €5,345 | +€2,320 | +76.7% |
| Suppliers | 440/4 | €3,025 | €5,345 | +€2,320 | +76.7% |
| Taxes, remuneration and social security | 45 | €350 | €0 | -€350 | -100% |
| Taxes | 450/3 | €350 | €0 | -€350 | -100% |
| Other amounts payable | 47/48 | €3,933,595 | €0 | -€3.9m | -100% |
| Accrued charges and deferred income | 492/3 | €8,893 | €8,893 | = | 0.0% |
| Non-recurring operating income | 76A | €7,397 | €0 | -€7,397 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €112 | €265 | +€153 | +137% |
| Non-recurring operating charges | 66A | €7,144 | €0 | -€7,144 | -100% |
| Gross operating margin | 9900 | -€29,053 | -€18,340 | +€10,713 | +36.9% |
| Operating profit (loss) | 9901 | -€36,309 | -€18,605 | +€17,704 | +48.8% |
| Financial income | 75/76B | €3,942,062 | €2,104 | -€3.9m | -99.9% |
| Recurring financial income | 75 | €6,294 | €2,104 | -€4,190 | -66.6% |
| Non-recurring financial income | 76B | €3,935,768 | €0 | -€3.9m | -100% |
| Financial charges | 65/66B | €24 | €153 | +€129 | +537% |
| Recurring financial charges | 65 | €24 | €153 | +€129 | +537% |
| Profit (loss) for the period before taxes | 9903 | €3,905,729 | -€16,654 | -€3.9m | |
| Income taxes | 67/77 | €0 | €631 | +€631 | |
| Profit (loss) for the period | 9904 | €3,905,729 | -€17,285 | -€3.9m | |
| Profit (loss) for the period to be appropriated | 9905 | €3,905,729 | -€17,285 | -€3.9m |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.