PASSENT: 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.
PASSENT
Largest movements
- Cash -€18,655
down €18,655 (-73.3%), from €25,461 to €6,806
mainly Receivables within one year (-€16,255) and Tax, wage and social debts (-€1,705)
- Receivables within one year +€16,255
up €16,255 (+75.6%), from €21,488 to €37,743
of which Other amounts receivable: +€21,626
- Tangible fixed assets +€991
up €991 (+64.7%), from €1,532 to €2,523
of which Plant, machinery and equipment: +€1,379
- Deferred charges and accrued income +€706
up €706 (+12.3%), from €5,742 to €6,449
- Trade debts +€2,833
up €2,833 (+197.8%), from €1,433 to €4,265
- Tax, wage and social debts -€1,705
down €1,705 (-14.5%), from €11,790 to €10,086
- Other debts -€833
down €833 (-100.0%), from €833 to €0
- Profit (loss) carried forward -€750
down €750 (-2.2%), from €34,512 to €33,762
- Gross operating margin -€27,680
down €27,680 (-83.4%), from €33,201 to €5,521
- Taxes -€4,294
down €4,294 (-59.7%), from €7,190 to €2,896
- Financial charges +€1,788
up €1,788 (+136.2%), from €1,313 to €3,101
- Other operating charges +€652
up €652 (+112.5%), from €580 to €1,231
- Financial income +€617
up €617 (+82.5%), from €748 to €1,364
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 | €54,223 | €53,521 | -€702 | -1.3% |
| Fixed assets | 21/28 | €1,532 | €2,523 | +€991 | +64.7% |
| Tangible fixed assets | 22/27 | €1,532 | €2,523 | +€991 | +64.7% |
| Plant, machinery and equipment | 23 | - | €1,379 | +€1,379 | |
| Furniture and vehicles | 24 | €1,532 | €1,144 | -€387 | -25.3% |
| Current assets | 29/58 | €52,691 | €50,998 | -€1,694 | -3.2% |
| Amounts receivable within one year | 40/41 | €21,488 | €37,743 | +€16,255 | +75.6% |
| Trade receivables | 40 | €7,130 | €1,759 | -€5,371 | -75.3% |
| Other amounts receivable | 41 | €14,358 | €35,984 | +€21,626 | +150.6% |
| Cash at bank and in hand | 54/58 | €25,461 | €6,806 | -€18,655 | -73.3% |
| Deferred charges and accrued income | 490/1 | €5,742 | €6,449 | +€706 | +12.3% |
| Total equity and liabilities | 10/49 | €54,223 | €53,521 | -€702 | -1.3% |
| Equity | 10/15 | €39,512 | €38,762 | -€750 | -1.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,512 | €33,762 | -€750 | -2.2% |
| Amounts payable | 17/49 | €14,711 | €14,758 | +€48 | +0.3% |
| Amounts payable within one year | 42/48 | €14,056 | €14,351 | +€295 | +2.1% |
| Trade debts | 44 | €1,433 | €4,265 | +€2,833 | +197.8% |
| Suppliers | 440/4 | €1,433 | €4,265 | +€2,833 | +197.8% |
| Taxes, remuneration and social security | 45 | €11,790 | €10,086 | -€1,705 | -14.5% |
| Taxes | 450/3 | €11,790 | €10,086 | -€1,705 | -14.5% |
| Other amounts payable | 47/48 | €833 | €0 | -€833 | -100.0% |
| Accrued charges and deferred income | 492/3 | €655 | €408 | -€248 | -37.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €387 | €407 | +€19 | +4.9% |
| Other operating charges | 640/8 | €580 | €1,231 | +€652 | +112.5% |
| Gross operating margin | 9900 | €33,201 | €5,521 | -€27,680 | -83.4% |
| Operating profit (loss) | 9901 | €32,234 | €3,883 | -€28,351 | -88.0% |
| Financial income | 75/76B | €748 | €1,364 | +€617 | +82.5% |
| Recurring financial income | 75 | €748 | €1,364 | +€617 | +82.5% |
| Financial charges | 65/66B | €1,313 | €3,101 | +€1,788 | +136.2% |
| Recurring financial charges | 65 | €1,313 | €3,101 | +€1,788 | +136.2% |
| Profit (loss) for the period before taxes | 9903 | €31,668 | €2,146 | -€29,522 | -93.2% |
| Income taxes | 67/77 | €7,190 | €2,896 | -€4,294 | -59.7% |
| Profit (loss) for the period | 9904 | €24,478 | -€750 | -€25,228 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,478 | -€750 | -€25,228 |
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 28 September 2026 via checked.be.