PASSION 911 SCRL: 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.
PASSION 911 SCRL
Largest movements
- Tangible fixed assets +€48,207
up €48,207 (+47.1%), from €102,415 to €150,622
of which Other tangible fixed assets: +€59,401
- Receivables within one year +€42,104
up €42,104 (+126%), from €33,475 to €75,578
of which Other amounts receivable: +€34,626
- Stocks and contracts -€14,902
down €14,902 (-6.0%), from €250,194 to €235,292
- Deferred charges and accrued income +€7,275
up €7,275 (+96.0%), from €7,575 to €14,850
- Short-term financial debts +€51,000
up €51,000 (+48.6%), from €105,000 to €156,000
- Debts after one year +€41,781
up €41,781 (+106%), from €39,559 to €81,340
- Tax, wage and social debts -€21,956
down €21,956 (-60.1%), from €36,510 to €14,554
of which Remuneration and social security: -€11,191
- Current portion of long-term debt +€17,399
up €17,399 (+137%), from €12,679 to €30,079
- Trade debts -€13,968
down €13,968 (-58.3%), from €23,961 to €9,993
- Gross operating margin -€57,839
down €57,839 (-32.0%), from €180,537 to €122,699
- Taxes -€15,172
down €15,172 (-92.9%), from €16,329 to €1,157
- Staff costs -€8,382
down €8,382 (-10.7%), from €78,420 to €70,038
- Depreciation +€6,597
up €6,597 (+26.4%), from €24,991 to €31,588
- Financial charges +€2,953
up €2,953 (+20.1%), from €14,706 to €17,659
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €428,701 | €510,350 | +€81,649 | +19.0% |
| Fixed assets | 21/28 | €111,087 | €159,365 | +€48,279 | +43.5% |
| Tangible fixed assets | 22/27 | €102,415 | €150,622 | +€48,207 | +47.1% |
| Plant, machinery and equipment | 23 | €25,458 | €15,054 | -€10,404 | -40.9% |
| Furniture and vehicles | 24 | €35,304 | €16,132 | -€19,172 | -54.3% |
| Leasing and similar rights | 25 | €41,653 | €60,034 | +€18,381 | +44.1% |
| Other tangible fixed assets | 26 | - | €59,401 | +€59,401 | |
| Financial fixed assets | 28 | €8,671 | €8,743 | +€72 | +0.8% |
| Current assets | 29/58 | €317,615 | €350,985 | +€33,370 | +10.5% |
| Stocks and contracts in progress | 3 | €250,194 | €235,292 | -€14,902 | -6.0% |
| Stocks | 30/36 | €250,194 | €235,292 | -€14,902 | -6.0% |
| Amounts receivable within one year | 40/41 | €33,475 | €75,578 | +€42,104 | +126% |
| Trade receivables | 40 | €17,172 | €24,650 | +€7,478 | +43.5% |
| Other amounts receivable | 41 | €16,303 | €50,928 | +€34,626 | +212% |
| Cash at bank and in hand | 54/58 | €26,371 | €25,264 | -€1,107 | -4.2% |
| Deferred charges and accrued income | 490/1 | €7,575 | €14,850 | +€7,275 | +96.0% |
| Total equity and liabilities | 10/49 | €428,701 | €510,350 | +€81,649 | +19.0% |
| Equity | 10/15 | €198,604 | €205,384 | +€6,780 | +3.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €93,505 | €101,195 | +€7,690 | +8.2% |
| 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 | €91,645 | €99,335 | +€7,690 | +8.4% |
| Profit (loss) carried forward | 14 | €86,499 | €85,589 | -€910 | -1.1% |
| Amounts payable | 17/49 | €230,097 | €304,966 | +€74,869 | +32.5% |
| Amounts payable after more than one year | 17 | €39,559 | €81,340 | +€41,781 | +106% |
| Financial debts | 170/4 | €39,559 | €81,340 | +€41,781 | +106% |
| Amounts payable within one year | 42/48 | €189,836 | €223,626 | +€33,789 | +17.8% |
| Current portion of amounts payable after more than one year | 42 | €12,679 | €30,079 | +€17,399 | +137% |
| Financial debts | 43 | €105,000 | €156,000 | +€51,000 | +48.6% |
| Credit institutions | 430/8 | €105,000 | €156,000 | +€51,000 | +48.6% |
| Trade debts | 44 | €23,961 | €9,993 | -€13,968 | -58.3% |
| Suppliers | 440/4 | €23,961 | €9,993 | -€13,968 | -58.3% |
| Advances received on contracts in progress | 46 | €9,000 | €0 | -€9,000 | -100% |
| Taxes, remuneration and social security | 45 | €36,510 | €14,554 | -€21,956 | -60.1% |
| Taxes | 450/3 | €20,161 | €9,396 | -€10,764 | -53.4% |
| Remuneration and social security | 454/9 | €16,350 | €5,158 | -€11,191 | -68.4% |
| Other amounts payable | 47/48 | €2,686 | €13,000 | +€10,314 | +384% |
| Accrued charges and deferred income | 492/3 | €701 | €0 | -€701 | -100% |
| Remuneration, social security and pensions | 62 | €78,420 | €70,038 | -€8,382 | -10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,991 | €31,588 | +€6,597 | +26.4% |
| Other operating charges | 640/8 | €7,889 | €6,378 | -€1,511 | -19.2% |
| Gross operating margin | 9900 | €180,537 | €122,699 | -€57,839 | -32.0% |
| Operating profit (loss) | 9901 | €69,237 | €14,694 | -€54,543 | -78.8% |
| Financial income | 75/76B | €743 | €3,211 | +€2,468 | +332% |
| Recurring financial income | 75 | €743 | €3,211 | +€2,468 | +332% |
| Financial charges | 65/66B | €14,706 | €17,659 | +€2,953 | +20.1% |
| Recurring financial charges | 65 | €14,706 | €17,659 | +€2,953 | +20.1% |
| Profit (loss) for the period before taxes | 9903 | €55,274 | €246 | -€55,028 | -99.6% |
| Income taxes | 67/77 | €16,329 | €1,157 | -€15,172 | -92.9% |
| Profit (loss) for the period | 9904 | €38,945 | -€911 | -€39,856 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,945 | -€911 | -€39,856 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.