PASSIO: 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.
PASSIO
Largest movements
- Cash +€45,481
up €45,481 (+375.5%), from €12,111 to €57,591
mainly Net result for the year (+€18,591) and Tax, wage and social debts (+€12,312)
- Receivables within one year -€12,100
down €12,100 (-100.0%), from €12,100 to €0
- Tangible fixed assets -€750
down €750 (-50.1%), from €1,496 to €746
- Profit (loss) carried forward +€17,591
up €17,591 (+116.9%), from €15,049 to €32,641
- Tax, wage and social debts +€12,312
up €12,312 (+154.2%), from €7,986 to €20,297
of which Taxes: +€10,562
- Other debts +€2,298
new in 2025: €2,298
- Accrued charges and deferred income +€965
new in 2025: €965
- Gross operating margin +€4,990
up €4,990 (+25.9%), from €19,253 to €24,243
- Taxes +€1,089
up €1,089 (+29.0%), from €3,762 to €4,852
- Depreciation +€796
up €796 (+18164.8%), from €4 to €800
- Other operating charges -€437
down €437 (-100.0%), from €437 to €0
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 | €26,206 | €58,787 | +€32,581 | +124.3% |
| Fixed assets | 21/28 | €1,996 | €1,196 | -€800 | -40.1% |
| Intangible fixed assets | 21 | €500 | €450 | -€50 | -10.0% |
| Tangible fixed assets | 22/27 | €1,496 | €746 | -€750 | -50.1% |
| Plant, machinery and equipment | 23 | €1,496 | €746 | -€750 | -50.1% |
| Current assets | 29/58 | €24,211 | €57,591 | +€33,381 | +137.9% |
| Amounts receivable within one year | 40/41 | €12,100 | €0 | -€12,100 | -100.0% |
| Trade receivables | 40 | €12,100 | €0 | -€12,100 | -100.0% |
| Cash at bank and in hand | 54/58 | €12,111 | €57,591 | +€45,481 | +375.5% |
| Total equity and liabilities | 10/49 | €26,206 | €58,787 | +€32,581 | +124.3% |
| Equity | 10/15 | €17,049 | €34,641 | +€17,591 | +103.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,049 | €32,641 | +€17,591 | +116.9% |
| Amounts payable | 17/49 | €9,157 | €24,146 | +€14,989 | +163.7% |
| Amounts payable within one year | 42/48 | €9,157 | €23,181 | +€14,024 | +153.1% |
| Trade debts | 44 | €1,172 | €586 | -€586 | -50.0% |
| Suppliers | 440/4 | €1,172 | €586 | -€586 | -50.0% |
| Taxes, remuneration and social security | 45 | €7,986 | €20,297 | +€12,312 | +154.2% |
| Taxes | 450/3 | €7,986 | €18,547 | +€10,562 | +132.3% |
| Remuneration and social security | 454/9 | - | €1,750 | +€1,750 | |
| Other amounts payable | 47/48 | - | €2,298 | +€2,298 | |
| Accrued charges and deferred income | 492/3 | - | €965 | +€965 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4 | €800 | +€796 | +18164.8% |
| Other operating charges | 640/8 | €437 | €0 | -€437 | -100.0% |
| Gross operating margin | 9900 | €19,253 | €24,243 | +€4,990 | +25.9% |
| Operating profit (loss) | 9901 | €18,811 | €23,443 | +€4,632 | +24.6% |
| Profit (loss) for the period before taxes | 9903 | €18,811 | €23,443 | +€4,632 | +24.6% |
| Income taxes | 67/77 | €3,762 | €4,852 | +€1,089 | +29.0% |
| Profit (loss) for the period | 9904 | €15,049 | €18,591 | +€3,542 | +23.5% |
| Profit (loss) for the period to be appropriated | 9905 | €15,049 | €18,591 | +€3,542 | +23.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.