PASSERELLE DESIGN: 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.
PASSERELLE DESIGN
Largest movements
- Tangible fixed assets -€46,092
down €46,092 (-7.5%), from €613,093 to €567,001
of which Land and buildings: -€24,987
- Receivables within one year +€32,328
up €32,328 (+26.6%), from €121,680 to €154,008
of which Trade receivables: +€24,799
- Cash +€17,759
up €17,759 (+11.1%), from €159,808 to €177,567
mainly Depreciation (+€51,759) and Net result for the year (+€46,222)
- Debts after one year -€64,442
down €64,442 (-25.9%), from €248,616 to €184,175
- Reserves +€46,222
up €46,222 (+14.1%), from €328,589 to €374,811
of which Distributable reserves: +€46,222
- Other debts +€43,460
up €43,460 (+25.1%), from €172,932 to €216,392
- Tax, wage and social debts -€31,923
down €31,923 (-86.0%), from €37,133 to €5,211
of which Remuneration and social security: -€22,000
- Trade debts +€16,855
up €16,855 (+116%), from €14,468 to €31,324
- Gross operating margin -€8,709
down €8,709 (-6.1%), from €142,904 to €134,196
- Taxes -€3,246
down €3,246 (-13.0%), from €25,024 to €21,778
- Financial charges -€1,979
down €1,979 (-17.8%), from €11,133 to €9,154
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.
Derived cash bridge
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 | €915,868 | €921,544 | +€5,676 | +0.6% |
| Fixed assets | 21/28 | €613,093 | €569,664 | -€43,429 | -7.1% |
| Intangible fixed assets | 21 | - | €2,663 | +€2,663 | |
| Tangible fixed assets | 22/27 | €613,093 | €567,001 | -€46,092 | -7.5% |
| Land and buildings | 22 | €531,568 | €506,581 | -€24,987 | -4.7% |
| Plant, machinery and equipment | 23 | €9,560 | €9,963 | +€402 | +4.2% |
| Furniture and vehicles | 24 | €71,965 | €50,458 | -€21,507 | -29.9% |
| Current assets | 29/58 | €302,775 | €351,880 | +€49,105 | +16.2% |
| Stocks and contracts in progress | 3 | €13,338 | €14,256 | +€918 | +6.9% |
| Stocks | 30/36 | €13,338 | €14,256 | +€918 | +6.9% |
| Amounts receivable within one year | 40/41 | €121,680 | €154,008 | +€32,328 | +26.6% |
| Trade receivables | 40 | €121,587 | €146,386 | +€24,799 | +20.4% |
| Other amounts receivable | 41 | €92 | €7,622 | +€7,530 | +8,156% |
| Cash at bank and in hand | 54/58 | €159,808 | €177,567 | +€17,759 | +11.1% |
| Deferred charges and accrued income | 490/1 | €7,950 | €6,050 | -€1,900 | -23.9% |
| Total equity and liabilities | 10/49 | €915,868 | €921,544 | +€5,676 | +0.6% |
| Equity | 10/15 | €347,065 | €393,287 | +€46,222 | +13.3% |
| Contributions | 10/11 | €18,476 | €18,476 | = | 0.0% |
| Reserves | 13 | €328,589 | €374,811 | +€46,222 | +14.1% |
| Tax-exempt reserves | 132 | €49,378 | €49,378 | = | 0.0% |
| Distributable reserves | 133 | €279,211 | €325,432 | +€46,222 | +16.6% |
| Provisions and deferred taxes | 16 | €21,852 | €21,852 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €21,852 | €21,852 | = | 0.0% |
| Pensions and similar obligations | 160 | €21,852 | €21,852 | = | 0.0% |
| Amounts payable | 17/49 | €546,951 | €506,406 | -€40,546 | -7.4% |
| Amounts payable after more than one year | 17 | €248,616 | €184,175 | -€64,442 | -25.9% |
| Financial debts | 170/4 | €248,616 | €184,175 | -€64,442 | -25.9% |
| Amounts payable within one year | 42/48 | €293,467 | €317,368 | +€23,901 | +8.1% |
| Current portion of amounts payable after more than one year | 42 | €68,933 | €64,442 | -€4,492 | -6.5% |
| Trade debts | 44 | €14,468 | €31,324 | +€16,855 | +116% |
| Suppliers | 440/4 | €14,468 | €31,324 | +€16,855 | +116% |
| Taxes, remuneration and social security | 45 | €37,133 | €5,211 | -€31,923 | -86.0% |
| Taxes | 450/3 | €15,133 | €5,211 | -€9,923 | -65.6% |
| Remuneration and social security | 454/9 | €22,000 | - | -€22,000 | |
| Other amounts payable | 47/48 | €172,932 | €216,392 | +€43,460 | +25.1% |
| Accrued charges and deferred income | 492/3 | €4,868 | €4,863 | -€5 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,346 | €51,759 | +€1,413 | +2.8% |
| Other operating charges | 640/8 | €4,737 | €6,045 | +€1,308 | +27.6% |
| Gross operating margin | 9900 | €142,904 | €134,196 | -€8,709 | -6.1% |
| Operating profit (loss) | 9901 | €87,822 | €76,391 | -€11,430 | -13.0% |
| Financial income | 75/76B | €615 | €762 | +€147 | +23.9% |
| Recurring financial income | 75 | €615 | €762 | +€147 | +23.9% |
| Financial charges | 65/66B | €11,133 | €9,154 | -€1,979 | -17.8% |
| Recurring financial charges | 65 | €11,133 | €9,154 | -€1,979 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €77,303 | €67,999 | -€9,304 | -12.0% |
| Income taxes | 67/77 | €25,024 | €21,778 | -€3,246 | -13.0% |
| Profit (loss) for the period | 9904 | €52,280 | €46,222 | -€6,058 | -11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €52,280 | €46,222 | -€6,058 | -11.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.