PASSIE-FLORA: 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.
PASSIE-FLORA
Largest movements
- Cash -€13,416
down €13,416 (-74.7%), from €17,960 to €4,543
mainly Investment in fixed assets (net) (-€52,783) and Debts after one year (-€19,366)
- Tangible fixed assets +€9,202
up €9,202 (+2.0%), from €454,865 to €464,068
of which Furniture and vehicles: +€36,123
- Stocks and contracts -€6,670
down €6,670 (-7.9%), from €84,505 to €77,835
- Debts after one year -€19,366
down €19,366 (-4.0%), from €478,494 to €459,128
of which Other amounts payable: -€23,755
- Current portion of long-term debt +€10,829
up €10,829 (+52.4%), from €20,668 to €31,497
- Reserves -€6,323
down €6,323 (-15.8%), from €40,075 to €33,752
of which Distributable reserves: -€6,323
- Depreciation +€13,203
up €13,203 (+43.5%), from €30,378 to €43,581
- Staff costs -€7,598
down €7,598 (-69.0%), from €11,008 to €3,410
- Financial charges +€3,783
up €3,783 (+33.7%), from €11,233 to €15,017
- Write-downs -€3,500
no longer reported in 2025 (was €3,500)
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 | €570,764 | €553,788 | -€16,976 | -3.0% |
| Fixed assets | 21/28 | €455,981 | €465,183 | +€9,202 | +2.0% |
| Tangible fixed assets | 22/27 | €454,865 | €464,068 | +€9,202 | +2.0% |
| Land and buildings | 22 | €454,865 | €427,944 | -€26,921 | -5.9% |
| Furniture and vehicles | 24 | - | €36,123 | +€36,123 | |
| Financial fixed assets | 28 | €1,116 | €1,116 | = | 0.0% |
| Current assets | 29/58 | €114,784 | €88,605 | -€26,179 | -22.8% |
| Stocks and contracts in progress | 3 | €84,505 | €77,835 | -€6,670 | -7.9% |
| Stocks | 30/36 | €84,505 | €77,835 | -€6,670 | -7.9% |
| Amounts receivable within one year | 40/41 | €8,656 | €5,482 | -€3,174 | -36.7% |
| Trade receivables | 40 | €8,656 | €5,482 | -€3,174 | -36.7% |
| Cash at bank and in hand | 54/58 | €17,960 | €4,543 | -€13,416 | -74.7% |
| Deferred charges and accrued income | 490/1 | €3,663 | €744 | -€2,919 | -79.7% |
| Total equity and liabilities | 10/49 | €570,764 | €553,788 | -€16,976 | -3.0% |
| Equity | 10/15 | €62,205 | €55,883 | -€6,323 | -10.2% |
| Contributions | 10/11 | €22,131 | €22,131 | = | 0.0% |
| Reserves | 13 | €40,075 | €33,752 | -€6,323 | -15.8% |
| Non-distributable reserves | 130/1 | €2,008 | €2,008 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,008 | €2,008 | = | 0.0% |
| Distributable reserves | 133 | €38,067 | €31,744 | -€6,323 | -16.6% |
| Amounts payable | 17/49 | €508,559 | €497,905 | -€10,654 | -2.1% |
| Amounts payable after more than one year | 17 | €478,494 | €459,128 | -€19,366 | -4.0% |
| Financial debts | 170/4 | €399,569 | €403,958 | +€4,389 | +1.1% |
| Other amounts payable | 178/9 | €78,925 | €55,170 | -€23,755 | -30.1% |
| Amounts payable within one year | 42/48 | €30,065 | €38,777 | +€8,712 | +29.0% |
| Current portion of amounts payable after more than one year | 42 | €20,668 | €31,497 | +€10,829 | +52.4% |
| Trade debts | 44 | €4,774 | €2,724 | -€2,050 | -42.9% |
| Suppliers | 440/4 | €4,774 | €2,724 | -€2,050 | -42.9% |
| Taxes, remuneration and social security | 45 | €4,624 | €4,557 | -€67 | -1.4% |
| Taxes | 450/3 | €1,631 | €2,231 | +€600 | +36.8% |
| Remuneration and social security | 454/9 | €2,992 | €2,326 | -€667 | -22.3% |
| Turnover | 70 | €305,400 | €303,908 | -€1,492 | -0.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €251,866 | €250,206 | -€1,660 | -0.7% |
| Remuneration, social security and pensions | 62 | €11,008 | €3,410 | -€7,598 | -69.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,378 | €43,581 | +€13,203 | +43.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,500 | - | -€3,500 | |
| Other operating charges | 640/8 | €1,423 | €2,457 | +€1,035 | +72.7% |
| Gross operating margin | 9900 | €59,878 | €58,096 | -€1,781 | -3.0% |
| Operating profit (loss) | 9901 | €13,569 | €8,648 | -€4,921 | -36.3% |
| Financial income | 75/76B | €143 | €46 | -€97 | -67.8% |
| Recurring financial income | 75 | €143 | €46 | -€97 | -67.8% |
| Financial charges | 65/66B | €11,233 | €15,017 | +€3,783 | +33.7% |
| Recurring financial charges | 65 | €11,233 | €15,017 | +€3,783 | +33.7% |
| Profit (loss) for the period before taxes | 9903 | €2,478 | -€6,323 | -€8,801 | |
| Income taxes | 67/77 | €207 | - | -€207 | |
| Profit (loss) for the period | 9904 | €2,271 | -€6,323 | -€8,593 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,271 | -€6,323 | -€8,593 |
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 16 October 2026 via checked.be.