PASSION ET TRADITION: what changed
What changed
PASSION ET TRADITION
NACE 47.241, Retail sale of bread and pastry (bakery outlets)
filed annual accounts (NBB)
Net result for the year
-€318
2023 · €9,383-€9,700
Equity
€134,373
2023 · €134,691-€318
Cash
€6,552
2023 · €18,442-€11,890
Balance sheet total
€415,800
2023 · €431,925-€16,126
Largest movements
Assets
- Cash -€11,890
down €11,890 (-64.5%), from €18,442 to €6,552
mainly Trade debts (-€39,837) and Other debts (-€9,797)
Equity and liabilities
- Trade debts -€39,837
down €39,837 (-33.7%), from €118,354 to €78,517
- Tax, wage and social debts +€27,568
up €27,568 (+64.3%), from €42,871 to €70,440
of which Taxes: +€29,461
- Debts after one year +€15,822
up €15,822 (+21.8%), from €72,725 to €88,547
- Other debts -€9,797
down €9,797 (-39.0%), from €25,097 to €15,300
- Accrued charges and deferred income -€5,004
down €5,004 (-14.9%), from €33,627 to €28,623
Income statement
- Gross operating margin +€46,265
up €46,265 (+108%), from €42,864 to €89,128
- Taxes +€32,973
up €32,973 (+482%), from €6,837 to €39,811
- Financial charges +€31,959
up €31,959 (+408%), from €7,837 to €39,797
- Other operating charges +€3,768
up €3,768 (+104%), from €3,611 to €7,380
Change in the result, 2023 to 2024
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 2023
€9,383
Gross operating margin
+€46,265
Staff costs
-€307
Depreciation
-€62
Other operating charges
-€3,768
Other operating items
+€13,132
Financial income
-€26
Financial charges
-€31,959
Taxes
-€32,973
Result 2024
-€318
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€27,712
Investment
€0
Financing
+€15,822
Cash 2023
€18,442
From operations (derived)
-€27,712
Net result for the year
-€318
Depreciation
+€2,251
Receivables within one year
+€1,894
Deferred charges and accrued income
+€91
Trade debts
-€39,837
Tax, wage and social debts
+€27,568
Advances received
-€4,560
Other debts
-€9,797
Accrued charges and deferred income
-€5,004
Financing
+€15,822
Debts after one year
+€15,822
Cash 2024
€6,552
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €431,925 | €415,800 | -€16,126 | -3.7% |
| Fixed assets | 21/28 | €17,237 | €14,985 | -€2,251 | -13.1% |
| Tangible fixed assets | 22/27 | €7,073 | €4,822 | -€2,251 | -31.8% |
| Plant, machinery and equipment | 23 | €7,073 | €4,822 | -€2,251 | -31.8% |
| Financial fixed assets | 28 | €10,163 | €10,163 | = | 0.0% |
| Current assets | 29/58 | €414,689 | €400,814 | -€13,874 | -3.3% |
| Stocks and contracts in progress | 3 | €985 | €985 | = | 0.0% |
| Stocks | 30/36 | €985 | €985 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €394,993 | €393,099 | -€1,894 | -0.5% |
| Trade receivables | 40 | €67,756 | €86,594 | +€18,838 | +27.8% |
| Other amounts receivable | 41 | €327,236 | €306,505 | -€20,731 | -6.3% |
| Cash at bank and in hand | 54/58 | €18,442 | €6,552 | -€11,890 | -64.5% |
| Deferred charges and accrued income | 490/1 | €269 | €179 | -€91 | -33.7% |
| Total equity and liabilities | 10/49 | €431,925 | €415,800 | -€16,126 | -3.7% |
| Equity | 10/15 | €134,691 | €134,373 | -€318 | -0.2% |
| Contributions | 10/11 | €27,000 | €27,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €107,691 | €107,373 | -€318 | -0.3% |
| Amounts payable | 17/49 | €297,234 | €281,426 | -€15,808 | -5.3% |
| Amounts payable after more than one year | 17 | €72,725 | €88,547 | +€15,822 | +21.8% |
| Financial debts | 170/4 | €72,725 | €88,547 | +€15,822 | +21.8% |
| Amounts payable within one year | 42/48 | €190,882 | €164,256 | -€26,626 | -13.9% |
| Trade debts | 44 | €118,354 | €78,517 | -€39,837 | -33.7% |
| Suppliers | 440/4 | €118,354 | €78,517 | -€39,837 | -33.7% |
| Advances received on contracts in progress | 46 | €4,560 | €0 | -€4,560 | -100% |
| Taxes, remuneration and social security | 45 | €42,871 | €70,440 | +€27,568 | +64.3% |
| Taxes | 450/3 | €40,979 | €70,440 | +€29,461 | +71.9% |
| Remuneration and social security | 454/9 | €1,892 | €0 | -€1,892 | -100% |
| Other amounts payable | 47/48 | €25,097 | €15,300 | -€9,797 | -39.0% |
| Accrued charges and deferred income | 492/3 | €33,627 | €28,623 | -€5,004 | -14.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | €307 | +€307 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,189 | €2,251 | +€62 | +2.9% |
| Other operating charges | 640/8 | €3,611 | €7,380 | +€3,768 | +104% |
| Non-recurring operating charges | 66A | €13,132 | €0 | -€13,132 | -100% |
| Gross operating margin | 9900 | €42,864 | €89,128 | +€46,265 | +108% |
| Operating profit (loss) | 9901 | €23,932 | €79,190 | +€55,259 | +231% |
| Financial income | 75/76B | €125 | €99 | -€26 | -20.8% |
| Recurring financial income | 75 | €125 | €99 | -€26 | -20.8% |
| Financial charges | 65/66B | €7,837 | €39,797 | +€31,959 | +408% |
| Recurring financial charges | 65 | €7,837 | €39,797 | +€31,959 | +408% |
| Profit (loss) for the period before taxes | 9903 | €16,220 | €39,493 | +€23,273 | +143% |
| Income taxes | 67/77 | €6,837 | €39,811 | +€32,973 | +482% |
| Profit (loss) for the period | 9904 | €9,383 | -€318 | -€9,700 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,383 | -€318 | -€9,700 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.