Passion 4 HR: what changed
What changed
Passion 4 HR
NACE 78.200, Temporary employment agencies and other provision of personnel
filed annual accounts (NBB)
Net result for the year
€54,236
2025 · €51,928+€2,308
Equity
€175,829
2025 · €121,593+€54,236
Cash
€144,250
2025 · €65,810+€78,439
Balance sheet total
€188,096
2025 · €149,561+€38,536
Largest movements
Assets
- Cash +€78,439
up €78,439 (+119%), from €65,810 to €144,250
mainly Net result for the year (+€54,236) and Current investments (+€26,000)
- Current investments -€26,000
down €26,000 (-74.3%), from €35,000 to €9,000
- Tangible fixed assets -€10,808
down €10,808 (-44.2%), from €24,447 to €13,640
of which Leasing and similar rights: -€9,423
- Financial fixed assets -€3,000
no longer reported in 2026 (was €3,000)
Equity and liabilities
- Profit (loss) carried forward +€54,236
up €54,236 (+44.6%), from €121,493 to €175,729
- Current portion of long-term debt -€8,162
down €8,162 (-72.5%), from €11,265 to €3,103
- Debts after one year -€4,034
no longer reported in 2026 (was €4,034)
Income statement
- Gross operating margin +€2,423
up €2,423 (+3.1%), from €77,951 to €80,374
- Taxes +€865
up €865 (+6.2%), from €13,947 to €14,812
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€51,928
Gross operating margin
+€2,423
Other operating charges
-€70
Financial income
+€372
Financial charges
+€449
Taxes
-€865
Result 2026
€54,236
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€61,636
Investment
+€29,000
Financing
-€12,196
Cash 2025
€65,810
From operations (derived)
+€61,636
Net result for the year
+€54,236
Depreciation
+€10,808
Receivables within one year
-€527
Deferred charges and accrued income
+€623
Trade debts
-€1,072
Tax, wage and social debts
-€1,734
Other debts
-€698
Investment (derived)
+€29,000
Investment in fixed assets (net)
+€3,000
Current investments
+€26,000
Financing
-€12,196
Debts after one year
-€4,034
Current portion of long-term debt
-€8,162
Cash 2026
€144,250
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €149,561 | €188,096 | +€38,536 | +25.8% |
| Fixed assets | 21/28 | €27,447 | €13,640 | -€13,808 | -50.3% |
| Tangible fixed assets | 22/27 | €24,447 | €13,640 | -€10,808 | -44.2% |
| Furniture and vehicles | 24 | €3,174 | €1,789 | -€1,384 | -43.6% |
| Leasing and similar rights | 25 | €21,274 | €11,850 | -€9,423 | -44.3% |
| Financial fixed assets | 28 | €3,000 | - | -€3,000 | |
| Current assets | 29/58 | €122,113 | €174,457 | +€52,343 | +42.9% |
| Amounts receivable within one year | 40/41 | €19,673 | €20,200 | +€527 | +2.7% |
| Trade receivables | 40 | €19,513 | €19,143 | -€370 | -1.9% |
| Other amounts receivable | 41 | €159 | €1,057 | +€897 | +563% |
| Current investments | 50/53 | €35,000 | €9,000 | -€26,000 | -74.3% |
| Cash at bank and in hand | 54/58 | €65,810 | €144,250 | +€78,439 | +119% |
| Deferred charges and accrued income | 490/1 | €1,630 | €1,007 | -€623 | -38.2% |
| Total equity and liabilities | 10/49 | €149,561 | €188,096 | +€38,536 | +25.8% |
| Equity | 10/15 | €121,593 | €175,829 | +€54,236 | +44.6% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €121,493 | €175,729 | +€54,236 | +44.6% |
| Amounts payable | 17/49 | €27,968 | €12,267 | -€15,700 | -56.1% |
| Amounts payable after more than one year | 17 | €4,034 | - | -€4,034 | |
| Financial debts | 170/4 | €4,034 | - | -€4,034 | |
| Amounts payable within one year | 42/48 | €23,933 | €12,267 | -€11,666 | -48.7% |
| Current portion of amounts payable after more than one year | 42 | €11,265 | €3,103 | -€8,162 | -72.5% |
| Trade debts | 44 | €1,671 | €599 | -€1,072 | -64.2% |
| Suppliers | 440/4 | €1,671 | €599 | -€1,072 | -64.2% |
| Taxes, remuneration and social security | 45 | €9,752 | €8,018 | -€1,734 | -17.8% |
| Taxes | 450/3 | €9,752 | €8,018 | -€1,734 | -17.8% |
| Other amounts payable | 47/48 | €1,246 | €548 | -€698 | -56.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,808 | €10,808 | = | 0.0% |
| Other operating charges | 640/8 | €808 | €879 | +€70 | +8.7% |
| Gross operating margin | 9900 | €77,951 | €80,374 | +€2,423 | +3.1% |
| Operating profit (loss) | 9901 | €66,335 | €68,687 | +€2,353 | +3.5% |
| Financial income | 75/76B | €454 | €826 | +€372 | +81.8% |
| Recurring financial income | 75 | €454 | €826 | +€372 | +81.8% |
| Financial charges | 65/66B | €914 | €465 | -€449 | -49.2% |
| Recurring financial charges | 65 | €914 | €465 | -€449 | -49.2% |
| Profit (loss) for the period before taxes | 9903 | €65,874 | €69,048 | +€3,174 | +4.8% |
| Income taxes | 67/77 | €13,947 | €14,812 | +€865 | +6.2% |
| Profit (loss) for the period | 9904 | €51,928 | €54,236 | +€2,308 | +4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €51,928 | €54,236 | +€2,308 | +4.4% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.