Passion 4 Performance: 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 4 Performance
Largest movements
- Cash -€44,503
down €44,503 (-75.9%), from €58,666 to €14,163
mainly Contributions, distributions and other (-€37,000) and Other debts (-€34,291)
- Receivables within one year +€9,225
up €9,225 (+36.0%), from €25,617 to €34,842
of which Trade receivables: +€10,819
- Tangible fixed assets -€8,162
down €8,162 (-29.8%), from €27,422 to €19,260
of which Furniture and vehicles: -€7,939
- Other debts -€34,291
down €34,291 (-65.9%), from €52,058 to €17,766
- Debts after one year -€6,275
down €6,275 (-100.0%), from €6,275 to €0
- Trade debts +€5,938
up €5,938 (+170.5%), from €3,483 to €9,421
- Current portion of long-term debt -€5,923
down €5,923 (-48.6%), from €12,199 to €6,275
- Tax, wage and social debts -€3,325
down €3,325 (-19.9%), from €16,736 to €13,412
- Gross operating margin -€14,416
down €14,416 (-19.1%), from €75,394 to €60,978
- Taxes -€3,325
down €3,325 (-19.9%), from €16,736 to €13,412
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 | €113,937 | €70,821 | -€43,115 | -37.8% |
| Fixed assets | 21/28 | €27,447 | €19,285 | -€8,162 | -29.7% |
| Tangible fixed assets | 22/27 | €27,422 | €19,260 | -€8,162 | -29.8% |
| Furniture and vehicles | 24 | €27,187 | €19,249 | -€7,939 | -29.2% |
| Other tangible fixed assets | 26 | €235 | €12 | -€223 | -95.0% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €86,489 | €51,536 | -€34,953 | -40.4% |
| Amounts receivable within one year | 40/41 | €25,617 | €34,842 | +€9,225 | +36.0% |
| Trade receivables | 40 | €6,692 | €17,511 | +€10,819 | +161.7% |
| Other amounts receivable | 41 | €18,925 | €17,331 | -€1,594 | -8.4% |
| Cash at bank and in hand | 54/58 | €58,666 | €14,163 | -€44,503 | -75.9% |
| Deferred charges and accrued income | 490/1 | €2,207 | €2,532 | +€325 | +14.7% |
| Total equity and liabilities | 10/49 | €113,937 | €70,821 | -€43,115 | -37.8% |
| Equity | 10/15 | €23,185 | €23,947 | +€762 | +3.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,725 | €3,487 | +€762 | +28.0% |
| Amounts payable | 17/49 | €90,751 | €46,874 | -€43,877 | -48.3% |
| Amounts payable after more than one year | 17 | €6,275 | €0 | -€6,275 | -100.0% |
| Financial debts | 170/4 | €6,275 | €0 | -€6,275 | -100.0% |
| Amounts payable within one year | 42/48 | €84,476 | €46,874 | -€37,602 | -44.5% |
| Current portion of amounts payable after more than one year | 42 | €12,199 | €6,275 | -€5,923 | -48.6% |
| Trade debts | 44 | €3,483 | €9,421 | +€5,938 | +170.5% |
| Suppliers | 440/4 | €3,483 | €9,421 | +€5,938 | +170.5% |
| Taxes, remuneration and social security | 45 | €16,736 | €13,412 | -€3,325 | -19.9% |
| Taxes | 450/3 | €16,736 | €13,412 | -€3,325 | -19.9% |
| Other amounts payable | 47/48 | €52,058 | €17,766 | -€34,291 | -65.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,650 | €8,162 | -€488 | -5.6% |
| Other operating charges | 640/8 | €904 | €1,198 | +€293 | +32.5% |
| Gross operating margin | 9900 | €75,394 | €60,978 | -€14,416 | -19.1% |
| Operating profit (loss) | 9901 | €65,840 | €51,618 | -€14,222 | -21.6% |
| Financial income | 75/76B | €292 | €239 | -€52 | -17.9% |
| Recurring financial income | 75 | €292 | €239 | -€52 | -17.9% |
| Financial charges | 65/66B | €1,119 | €684 | -€435 | -38.9% |
| Recurring financial charges | 65 | €1,119 | €684 | -€435 | -38.9% |
| Profit (loss) for the period before taxes | 9903 | €65,012 | €51,174 | -€13,839 | -21.3% |
| Income taxes | 67/77 | €16,736 | €13,412 | -€3,325 | -19.9% |
| Profit (loss) for the period | 9904 | €48,276 | €37,762 | -€10,514 | -21.8% |
| Profit (loss) for the period to be appropriated | 9905 | €48,276 | €37,762 | -€10,514 | -21.8% |
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 6 October 2026 via checked.be.