PASSION: 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.
PASSION
Largest movements
- Current investments +€40,000
new in 2025: €40,000
- Cash -€39,467
down €39,467 (-22.8%), from €172,763 to €133,296
mainly Current investments (-€40,000) and Other debts (-€28,402)
- Other debts -€28,402
down €28,402 (-68.0%), from €41,757 to €13,355
- Trade debts +€21,843
up €21,843 (+364.8%), from €5,988 to €27,831
- Profit (loss) carried forward +€18,563
up €18,563 (+59.2%), from €31,365 to €49,928
- Reserves -€13,355
down €13,355 (-17.6%), from €75,723 to €62,369
of which Distributable reserves: -€13,355
- Tax, wage and social debts +€9,248
up €9,248 (+45.8%), from €20,193 to €29,442
of which Remuneration and social security: +€8,020
- Gross operating margin -€10,097
down €10,097 (-3.5%), from €288,525 to €278,427
- Staff costs +€5,313
up €5,313 (+2.3%), from €235,445 to €240,758
- Other operating charges -€3,476
down €3,476 (-65.6%), from €5,300 to €1,824
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 | €207,822 | €208,273 | +€451 | +0.2% |
| Fixed assets | 21/28 | €19,168 | €18,493 | -€675 | -3.5% |
| Tangible fixed assets | 22/27 | €13,517 | €12,842 | -€675 | -5.0% |
| Plant, machinery and equipment | 23 | €12,012 | €11,839 | -€173 | -1.4% |
| Other tangible fixed assets | 26 | €1,505 | €1,003 | -€501 | -33.3% |
| Financial fixed assets | 28 | €5,651 | €5,651 | = | 0.0% |
| Current assets | 29/58 | €188,654 | €189,780 | +€1,126 | +0.6% |
| Stocks and contracts in progress | 3 | €4,740 | €6,464 | +€1,724 | +36.4% |
| Stocks | 30/36 | €4,740 | €6,464 | +€1,724 | +36.4% |
| Amounts receivable within one year | 40/41 | €10,739 | €9,542 | -€1,196 | -11.1% |
| Trade receivables | 40 | €9,216 | €2,939 | -€6,277 | -68.1% |
| Other amounts receivable | 41 | €1,523 | €6,604 | +€5,081 | +333.7% |
| Current investments | 50/53 | - | €40,000 | +€40,000 | |
| Cash at bank and in hand | 54/58 | €172,763 | €133,296 | -€39,467 | -22.8% |
| Deferred charges and accrued income | 490/1 | €413 | €477 | +€65 | +15.6% |
| Total equity and liabilities | 10/49 | €207,822 | €208,273 | +€451 | +0.2% |
| Equity | 10/15 | €119,489 | €124,697 | +€5,208 | +4.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €75,723 | €62,369 | -€13,355 | -17.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €73,863 | €60,509 | -€13,355 | -18.1% |
| Profit (loss) carried forward | 14 | €31,365 | €49,928 | +€18,563 | +59.2% |
| Amounts payable | 17/49 | €88,334 | €83,576 | -€4,758 | -5.4% |
| Amounts payable after more than one year | 17 | €3,018 | - | -€3,018 | |
| Financial debts | 170/4 | €3,018 | - | -€3,018 | |
| Amounts payable within one year | 42/48 | €79,194 | €81,959 | +€2,766 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €2,953 | €3,018 | +€65 | +2.2% |
| Financial debts | 43 | €8,303 | €8,314 | +€11 | +0.1% |
| Credit institutions | 430/8 | €8,303 | €8,314 | +€11 | +0.1% |
| Trade debts | 44 | €5,988 | €27,831 | +€21,843 | +364.8% |
| Suppliers | 440/4 | €5,988 | €27,831 | +€21,843 | +364.8% |
| Taxes, remuneration and social security | 45 | €20,193 | €29,442 | +€9,248 | +45.8% |
| Taxes | 450/3 | €6,863 | €8,092 | +€1,229 | +17.9% |
| Remuneration and social security | 454/9 | €13,330 | €21,350 | +€8,020 | +60.2% |
| Other amounts payable | 47/48 | €41,757 | €13,355 | -€28,402 | -68.0% |
| Accrued charges and deferred income | 492/3 | €6,122 | €1,617 | -€4,505 | -73.6% |
| Remuneration, social security and pensions | 62 | €235,445 | €240,758 | +€5,313 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,672 | €6,330 | -€342 | -5.1% |
| Other operating charges | 640/8 | €5,300 | €1,824 | -€3,476 | -65.6% |
| Gross operating margin | 9900 | €288,525 | €278,427 | -€10,097 | -3.5% |
| Operating profit (loss) | 9901 | €41,108 | €29,515 | -€11,592 | -28.2% |
| Financial income | 75/76B | €97 | €151 | +€54 | +56.2% |
| Recurring financial income | 75 | €97 | €151 | +€54 | +56.2% |
| Financial charges | 65/66B | €947 | €3,455 | +€2,508 | +264.8% |
| Recurring financial charges | 65 | €947 | €3,455 | +€2,508 | +264.8% |
| Profit (loss) for the period before taxes | 9903 | €40,258 | €26,211 | -€14,046 | -34.9% |
| Income taxes | 67/77 | €8,892 | €7,648 | -€1,244 | -14.0% |
| Profit (loss) for the period | 9904 | €31,365 | €18,563 | -€12,802 | -40.8% |
| Profit (loss) for the period to be appropriated | 9905 | €31,365 | €18,563 | -€12,802 | -40.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.