PassieSchool: 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.
PassieSchool
Largest movements
- Cash +€26,338
up €26,338 (+75.0%), from €35,107 to €61,444
mainly Net result for the year (+€28,127) and Depreciation (+€8,965)
- Tangible fixed assets -€4,909
down €4,909 (-43.8%), from €11,206 to €6,297
of which Furniture and vehicles: -€6,878
- Receivables within one year -€3,651
down €3,651 (-14.2%), from €25,644 to €21,993
of which Other amounts receivable: -€9,819
- Reserves +€13,127
up €13,127 (+22.0%), from €59,711 to €72,838
- Other debts +€2,854
up €2,854 (+37.3%), from €7,658 to €10,511
- Trade debts +€1,193
up €1,193 (+296%), from €403 to €1,596
- Gross operating margin -€4,057
down €4,057 (-8.0%), from €50,798 to €46,741
- Depreciation +€3,094
up €3,094 (+52.7%), from €5,872 to €8,965
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 | €72,271 | €89,734 | +€17,463 | +24.2% |
| Fixed assets | 21/28 | €11,521 | €6,297 | -€5,224 | -45.3% |
| Tangible fixed assets | 22/27 | €11,206 | €6,297 | -€4,909 | -43.8% |
| Plant, machinery and equipment | 23 | - | €1,969 | +€1,969 | |
| Furniture and vehicles | 24 | €11,206 | €4,327 | -€6,878 | -61.4% |
| Financial fixed assets | 28 | €315 | - | -€315 | |
| Current assets | 29/58 | €60,750 | €83,437 | +€22,687 | +37.3% |
| Amounts receivable within one year | 40/41 | €25,644 | €21,993 | -€3,651 | -14.2% |
| Trade receivables | 40 | €8,040 | €14,208 | +€6,168 | +76.7% |
| Other amounts receivable | 41 | €17,604 | €7,785 | -€9,819 | -55.8% |
| Cash at bank and in hand | 54/58 | €35,107 | €61,444 | +€26,338 | +75.0% |
| Total equity and liabilities | 10/49 | €72,271 | €89,734 | +€17,463 | +24.2% |
| Equity | 10/15 | €62,211 | €75,338 | +€13,127 | +21.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €59,711 | €72,838 | +€13,127 | +22.0% |
| Distributable reserves | 133 | €59,711 | €72,838 | +€13,127 | +22.0% |
| Amounts payable | 17/49 | €10,060 | €14,395 | +€4,336 | +43.1% |
| Amounts payable within one year | 42/48 | €10,060 | €14,395 | +€4,336 | +43.1% |
| Trade debts | 44 | €403 | €1,596 | +€1,193 | +296% |
| Suppliers | 440/4 | €403 | €1,596 | +€1,193 | +296% |
| Taxes, remuneration and social security | 45 | €1,999 | €2,288 | +€289 | +14.5% |
| Taxes | 450/3 | €1,999 | €2,288 | +€289 | +14.5% |
| Other amounts payable | 47/48 | €7,658 | €10,511 | +€2,854 | +37.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,872 | €8,965 | +€3,094 | +52.7% |
| Other operating charges | 640/8 | €1,288 | €932 | -€355 | -27.6% |
| Gross operating margin | 9900 | €50,798 | €46,741 | -€4,057 | -8.0% |
| Operating profit (loss) | 9901 | €43,639 | €36,843 | -€6,796 | -15.6% |
| Financial income | 75/76B | €4 | €0 | -€3 | -88.9% |
| Recurring financial income | 75 | €4 | €0 | -€3 | -88.9% |
| Financial charges | 65/66B | €5 | - | -€5 | |
| Recurring financial charges | 65 | €5 | - | -€5 | |
| Profit (loss) for the period before taxes | 9903 | €43,638 | €36,844 | -€6,794 | -15.6% |
| Income taxes | 67/77 | €9,012 | €8,717 | -€296 | -3.3% |
| Profit (loss) for the period | 9904 | €34,626 | €28,127 | -€6,499 | -18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €34,626 | €28,127 | -€6,499 | -18.8% |
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 25 October 2026 via checked.be.