Passi Passé: 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.
Passi Passé
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Other debts +€5,644
up €5,644 (+5.1%), from €109,753 to €115,397
- Short-term financial debts -€3,977
no longer reported in 2025 (was €3,977)
- Tax, wage and social debts +€2,889
up €2,889 (+38.6%), from €7,490 to €10,379
- Trade debts -€1,613
down €1,613 (-8.9%), from €18,222 to €16,609
- Profit (loss) carried forward -€1,402
down €1,402 (-3.7%), from -€38,107 to -€39,509
- Gross operating margin +€36,580
up €36,580, from -€25,930 to €10,650
- Other operating charges +€9,501
up €9,501 (+679%), from €1,399 to €10,900
- Financial charges +€491
up €491 (+83.4%), from €589 to €1,080
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 | €109,395 | €110,935 | +€1,540 | +1.4% |
| Fixed assets | 21/28 | €6,000 | €6,950 | +€950 | +15.8% |
| Tangible fixed assets | 22/27 | - | €950 | +€950 | |
| Plant, machinery and equipment | 23 | - | €950 | +€950 | |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €103,395 | €103,985 | +€590 | +0.6% |
| Stocks and contracts in progress | 3 | €97,341 | €96,510 | -€831 | -0.9% |
| Stocks | 30/36 | €97,341 | €96,510 | -€831 | -0.9% |
| Amounts receivable within one year | 40/41 | - | €646 | +€646 | |
| Other amounts receivable | 41 | - | €646 | +€646 | |
| Cash at bank and in hand | 54/58 | €3,125 | €3,982 | +€856 | +27.4% |
| Deferred charges and accrued income | 490/1 | €2,929 | €2,848 | -€81 | -2.8% |
| Total equity and liabilities | 10/49 | €109,395 | €110,935 | +€1,540 | +1.4% |
| Equity | 10/15 | -€30,047 | -€31,449 | -€1,402 | -4.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,107 | -€39,509 | -€1,402 | -3.7% |
| Amounts payable | 17/49 | €139,442 | €142,385 | +€2,943 | +2.1% |
| Amounts payable within one year | 42/48 | €139,442 | €142,385 | +€2,943 | +2.1% |
| Financial debts | 43 | €3,977 | - | -€3,977 | |
| Credit institutions | 430/8 | €3,977 | - | -€3,977 | |
| Trade debts | 44 | €18,222 | €16,609 | -€1,613 | -8.9% |
| Suppliers | 440/4 | €18,222 | €16,609 | -€1,613 | -8.9% |
| Taxes, remuneration and social security | 45 | €7,490 | €10,379 | +€2,889 | +38.6% |
| Taxes | 450/3 | €7,490 | €10,379 | +€2,889 | +38.6% |
| Other amounts payable | 47/48 | €109,753 | €115,397 | +€5,644 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €119 | +€119 | |
| Other operating charges | 640/8 | €1,399 | €10,900 | +€9,501 | +679% |
| Gross operating margin | 9900 | -€25,930 | €10,650 | +€36,580 | |
| Operating profit (loss) | 9901 | -€27,329 | -€369 | +€26,960 | +98.7% |
| Financial income | 75/76B | €14 | €46 | +€32 | +223% |
| Recurring financial income | 75 | €14 | €46 | +€32 | +223% |
| Financial charges | 65/66B | €589 | €1,080 | +€491 | +83.4% |
| Recurring financial charges | 65 | €589 | €1,080 | +€491 | +83.4% |
| Profit (loss) for the period before taxes | 9903 | -€27,903 | -€1,402 | +€26,501 | +95.0% |
| Profit (loss) for the period | 9904 | -€27,903 | -€1,402 | +€26,501 | +95.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,903 | -€1,402 | +€26,501 | +95.0% |
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 23 October 2026 via checked.be.