Passevit: 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.
Passevit
Largest movements
- Receivables within one year +€8,004
up €8,004 (+60.9%), from €13,147 to €21,151
of which Other amounts receivable: +€11,540
- Tangible fixed assets -€2,246
down €2,246 (-45.8%), from €4,904 to €2,658
- Cash +€245
up €245 (+113.2%), from €216 to €461
mainly Net result for the year (+€4,505) and Advances received (+€2,662)
- Profit (loss) carried forward +€4,505
new in 2025: €4,505
- Advances received +€2,662
new in 2025: €2,662
- Trade debts -€1,152
no longer reported in 2025 (was €1,152)
- Gross operating margin -€10,219
down €10,219 (-58.4%), from €17,483 to €7,264
- Taxes -€4,479
no longer reported in 2025 (was €4,479)
- Other operating charges -€1,681
down €1,681 (-86.1%), from €1,953 to €272
- Depreciation -€500
down €500 (-18.2%), from €2,746 to €2,246
- Financial income -€279
no longer reported in 2025 (was €279)
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 | €18,268 | €24,293 | +€6,025 | +33.0% |
| Fixed assets | 21/28 | €4,904 | €2,658 | -€2,246 | -45.8% |
| Tangible fixed assets | 22/27 | €4,904 | €2,658 | -€2,246 | -45.8% |
| Furniture and vehicles | 24 | €4,904 | €2,658 | -€2,246 | -45.8% |
| Current assets | 29/58 | €13,363 | €21,634 | +€8,271 | +61.9% |
| Stocks and contracts in progress | 3 | - | €22 | +€22 | |
| Stocks | 30/36 | - | €22 | +€22 | |
| Amounts receivable within one year | 40/41 | €13,147 | €21,151 | +€8,004 | +60.9% |
| Trade receivables | 40 | €3,536 | - | -€3,536 | |
| Other amounts receivable | 41 | €9,611 | €21,151 | +€11,540 | +120.1% |
| Cash at bank and in hand | 54/58 | €216 | €461 | +€245 | +113.2% |
| Total equity and liabilities | 10/49 | €18,268 | €24,293 | +€6,025 | +33.0% |
| Equity | 10/15 | €8,729 | €13,235 | +€4,505 | +51.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €6,729 | €6,729 | = | 0.0% |
| Distributable reserves | 133 | €6,729 | €6,729 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €4,505 | +€4,505 | |
| Amounts payable | 17/49 | €9,538 | €11,058 | +€1,520 | +15.9% |
| Amounts payable within one year | 42/48 | €8,788 | €10,308 | +€1,520 | +17.3% |
| Trade debts | 44 | €1,152 | - | -€1,152 | |
| Suppliers | 440/4 | €1,152 | - | -€1,152 | |
| Advances received on contracts in progress | 46 | - | €2,662 | +€2,662 | |
| Taxes, remuneration and social security | 45 | €6,036 | €6,046 | +€10 | +0.2% |
| Taxes | 450/3 | €6,036 | €6,046 | +€10 | +0.2% |
| Other amounts payable | 47/48 | €1,600 | €1,600 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €750 | €750 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €25 | +€25 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,746 | €2,246 | -€500 | -18.2% |
| Other operating charges | 640/8 | €1,953 | €272 | -€1,681 | -86.1% |
| Gross operating margin | 9900 | €17,483 | €7,264 | -€10,219 | -58.4% |
| Operating profit (loss) | 9901 | €12,784 | €4,721 | -€8,062 | -63.1% |
| Financial income | 75/76B | €279 | - | -€279 | |
| Recurring financial income | 75 | €279 | - | -€279 | |
| Financial charges | 65/66B | €254 | €216 | -€38 | -14.8% |
| Recurring financial charges | 65 | €254 | €216 | -€38 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €12,809 | €4,505 | -€8,304 | -64.8% |
| Income taxes | 67/77 | €4,479 | - | -€4,479 | |
| Profit (loss) for the period | 9904 | €8,329 | €4,505 | -€3,824 | -45.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,329 | €4,505 | -€3,824 | -45.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.