PASSIM: 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.
PASSIM
Largest movements
- Tangible fixed assets -€20,955
down €20,955 (-4.3%), from €489,377 to €468,423
- Debts after one year -€37,317
down €37,317 (-10.1%), from €368,804 to €331,487
- Profit (loss) carried forward +€16,904
up €16,904 (+52.3%), from -€32,345 to -€15,440
- Gross operating margin +€3,563
up €3,563 (+6.7%), from €53,268 to €56,831
- Financial charges -€1,528
down €1,528 (-8.9%), from €17,229 to €15,701
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 | €490,436 | €469,482 | -€20,954 | -4.3% |
| Fixed assets | 21/28 | €489,377 | €468,423 | -€20,955 | -4.3% |
| Tangible fixed assets | 22/27 | €489,377 | €468,423 | -€20,955 | -4.3% |
| Land and buildings | 22 | €489,377 | €468,423 | -€20,955 | -4.3% |
| Current assets | 29/58 | €1,059 | €1,060 | +€1 | +0.1% |
| Cash at bank and in hand | 54/58 | €1,059 | €1,060 | +€1 | +0.1% |
| Total equity and liabilities | 10/49 | €490,436 | €469,482 | -€20,954 | -4.3% |
| Equity | 10/15 | -€13,795 | €3,110 | +€16,904 | |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,345 | -€15,440 | +€16,904 | +52.3% |
| Amounts payable | 17/49 | €504,231 | €466,373 | -€37,858 | -7.5% |
| Amounts payable after more than one year | 17 | €368,804 | €331,487 | -€37,317 | -10.1% |
| Financial debts | 170/4 | €368,804 | €331,487 | -€37,317 | -10.1% |
| Amounts payable within one year | 42/48 | €134,727 | €134,886 | +€159 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €35,613 | €37,317 | +€1,704 | +4.8% |
| Trade debts | 44 | €958 | €412 | -€546 | -57.0% |
| Suppliers | 440/4 | €958 | €412 | -€546 | -57.0% |
| Other amounts payable | 47/48 | €98,157 | €97,157 | -€1,000 | -1.0% |
| Accrued charges and deferred income | 492/3 | €700 | €0 | -€700 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,655 | €20,955 | +€300 | +1.5% |
| Other operating charges | 640/8 | €3,181 | €3,271 | +€90 | +2.8% |
| Gross operating margin | 9900 | €53,268 | €56,831 | +€3,563 | +6.7% |
| Operating profit (loss) | 9901 | €29,432 | €32,606 | +€3,174 | +10.8% |
| Financial charges | 65/66B | €17,229 | €15,701 | -€1,528 | -8.9% |
| Recurring financial charges | 65 | €17,229 | €15,701 | -€1,528 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €12,203 | €16,904 | +€4,702 | +38.5% |
| Profit (loss) for the period | 9904 | €12,203 | €16,904 | +€4,702 | +38.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,203 | €16,904 | +€4,702 | +38.5% |
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 14 October 2026 via checked.be.