Passer: 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.
Passer
Largest movements
- Tangible fixed assets +€23,285
up €23,285 (+3.0%), from €780,018 to €803,304
of which Furniture and vehicles: +€53,234
- Cash -€14,223
down €14,223 (-93.1%), from €15,276 to €1,053
mainly Contributions, distributions and other (-€77,546) and Investment in fixed assets (net) (-€64,199)
- Debts after one year -€27,965
down €27,965 (-14.8%), from €188,766 to €160,801
- Current portion of long-term debt +€26,449
up €26,449 (+42.0%), from €62,972 to €89,421
- Other debts +€22,922
up €22,922 (+1012.6%), from €2,264 to €25,186
- Trade debts +€19,384
up €19,384 (+768.5%), from €2,522 to €21,906
- Tax, wage and social debts -€19,020
down €19,020 (-63.2%), from €30,088 to €11,068
- Gross operating margin -€20,595
down €20,595 (-12.5%), from €164,608 to €144,012
- Taxes -€11,154
down €11,154 (-32.6%), from €34,233 to €23,079
- Financial charges -€1,959
down €1,959 (-15.1%), from €12,996 to €11,037
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €828,197 | €838,365 | +€10,168 | +1.2% |
| Fixed assets | 21/28 | €780,043 | €803,329 | +€23,285 | +3.0% |
| Tangible fixed assets | 22/27 | €780,018 | €803,304 | +€23,285 | +3.0% |
| Land and buildings | 22 | €778,784 | €747,872 | -€30,912 | -4.0% |
| Plant, machinery and equipment | 23 | €355 | €1,319 | +€963 | +271.0% |
| Furniture and vehicles | 24 | €879 | €54,113 | +€53,234 | +6055.8% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €48,154 | €35,036 | -€13,117 | -27.2% |
| Amounts receivable within one year | 40/41 | €29,834 | €30,429 | +€595 | +2.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €29,834 | €30,429 | +€595 | +2.0% |
| Cash at bank and in hand | 54/58 | €15,276 | €1,053 | -€14,223 | -93.1% |
| Deferred charges and accrued income | 490/1 | €3,043 | €3,554 | +€511 | +16.8% |
| Total equity and liabilities | 10/49 | €828,197 | €838,365 | +€10,168 | +1.2% |
| Equity | 10/15 | €514,972 | €505,108 | -€9,864 | -1.9% |
| Contributions | 10/11 | €118,600 | €118,600 | = | 0.0% |
| Reserves | 13 | €396,372 | €386,508 | -€9,864 | -2.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €64,521 | €62,327 | -€2,194 | -3.4% |
| Distributable reserves | 133 | €331,851 | €324,180 | -€7,670 | -2.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €25,995 | €24,865 | -€1,130 | -4.3% |
| Deferred taxes | 168 | €25,995 | €24,865 | -€1,130 | -4.3% |
| Amounts payable | 17/49 | €287,230 | €308,392 | +€21,162 | +7.4% |
| Amounts payable after more than one year | 17 | €188,766 | €160,801 | -€27,965 | -14.8% |
| Financial debts | 170/4 | €188,766 | €160,801 | -€27,965 | -14.8% |
| Amounts payable within one year | 42/48 | €97,846 | €147,591 | +€49,745 | +50.8% |
| Current portion of amounts payable after more than one year | 42 | €62,972 | €89,421 | +€26,449 | +42.0% |
| Financial debts | 43 | €0 | €10 | +€10 | |
| Credit institutions | 430/8 | €0 | €10 | +€10 | |
| Trade debts | 44 | €2,522 | €21,906 | +€19,384 | +768.5% |
| Suppliers | 440/4 | €2,522 | €21,906 | +€19,384 | +768.5% |
| Taxes, remuneration and social security | 45 | €30,088 | €11,068 | -€19,020 | -63.2% |
| Taxes | 450/3 | €30,088 | €11,068 | -€19,020 | -63.2% |
| Other amounts payable | 47/48 | €2,264 | €25,186 | +€22,922 | +1012.6% |
| Accrued charges and deferred income | 492/3 | €618 | €0 | -€618 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,065 | €40,913 | +€849 | +2.1% |
| Other operating charges | 640/8 | €3,525 | €3,642 | +€117 | +3.3% |
| Gross operating margin | 9900 | €164,608 | €144,012 | -€20,595 | -12.5% |
| Operating profit (loss) | 9901 | €121,018 | €99,457 | -€21,561 | -17.8% |
| Financial income | 75/76B | €0 | €1,211 | +€1,211 | +807080.0% |
| Recurring financial income | 75 | €0 | €1,211 | +€1,211 | +807080.0% |
| Financial charges | 65/66B | €12,996 | €11,037 | -€1,959 | -15.1% |
| Recurring financial charges | 65 | €12,996 | €11,037 | -€1,959 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €108,022 | €89,631 | -€18,392 | -17.0% |
| Transfer from deferred taxes | 780 | €1,130 | €1,130 | = | 0.0% |
| Income taxes | 67/77 | €34,233 | €23,079 | -€11,154 | -32.6% |
| Profit (loss) for the period | 9904 | €74,919 | €67,681 | -€7,238 | -9.7% |
| Transfer from tax-exempt reserves | 789 | €2,194 | €2,194 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €77,113 | €69,875 | -€7,238 | -9.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.