PASSION PHILATELIQUE: 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 PHILATELIQUE
Largest movements
- Cash +€32,642
up €32,642 (+35.0%), from €93,242 to €125,884
mainly Stocks and contracts (+€25,658) and Other debts (+€10,948)
- Stocks and contracts -€25,658
down €25,658 (-27.2%), from €94,275 to €68,617
- Other debts +€10,948
up €10,948 (+284%), from €3,850 to €14,798
- Reserves -€3,550
down €3,550 (-5.0%), from €71,559 to €68,009
of which Distributable reserves: -€3,550
- Tax, wage and social debts +€3,138
up €3,138 (+185%), from €1,700 to €4,838
- Advances received -€2,599
down €2,599 (-71.4%), from €3,641 to €1,043
- Gross operating margin +€30,164
up €30,164, from -€27,010 to €3,154
- Financial income -€19,784
down €19,784 (-62.6%), from €31,625 to €11,841
- Taxes +€3,115
up €3,115 (+909%), from €343 to €3,458
- Financial charges -€332
down €332 (-57.1%), from €581 to €249
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.
Derived cash bridge
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 | €200,289 | €208,564 | +€8,274 | +4.1% |
| Fixed assets | 21/28 | €5,412 | €4,673 | -€740 | -13.7% |
| Tangible fixed assets | 22/27 | €5,412 | €4,673 | -€740 | -13.7% |
| Land and buildings | 22 | €5,412 | €4,673 | -€740 | -13.7% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €194,877 | €203,891 | +€9,014 | +4.6% |
| Stocks and contracts in progress | 3 | €94,275 | €68,617 | -€25,658 | -27.2% |
| Stocks | 30/36 | €94,275 | €68,617 | -€25,658 | -27.2% |
| Amounts receivable within one year | 40/41 | €7,360 | €9,390 | +€2,030 | +27.6% |
| Trade receivables | 40 | €449 | €350 | -€99 | -22.1% |
| Other amounts receivable | 41 | €6,910 | €9,040 | +€2,129 | +30.8% |
| Cash at bank and in hand | 54/58 | €93,242 | €125,884 | +€32,642 | +35.0% |
| Total equity and liabilities | 10/49 | €200,289 | €208,564 | +€8,274 | +4.1% |
| Equity | 10/15 | €185,179 | €181,659 | -€3,520 | -1.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €71,559 | €68,009 | -€3,550 | -5.0% |
| Tax-exempt reserves | 132 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €61,559 | €58,009 | -€3,550 | -5.8% |
| Profit (loss) carried forward | 14 | €95,028 | €95,058 | +€30 | 0.0% |
| Amounts payable | 17/49 | €15,110 | €26,905 | +€11,795 | +78.1% |
| Amounts payable within one year | 42/48 | €15,110 | €26,905 | +€11,795 | +78.1% |
| Trade debts | 44 | €5,919 | €6,226 | +€307 | +5.2% |
| Suppliers | 440/4 | €5,919 | €6,226 | +€307 | +5.2% |
| Advances received on contracts in progress | 46 | €3,641 | €1,043 | -€2,599 | -71.4% |
| Taxes, remuneration and social security | 45 | €1,700 | €4,838 | +€3,138 | +185% |
| Taxes | 450/3 | €1,700 | €4,838 | +€3,138 | +185% |
| Other amounts payable | 47/48 | €3,850 | €14,798 | +€10,948 | +284% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €990 | €740 | -€250 | -25.3% |
| Other operating charges | 640/8 | €2,117 | €2,118 | +€1 | 0.0% |
| Gross operating margin | 9900 | -€27,010 | €3,154 | +€30,164 | |
| Operating profit (loss) | 9901 | -€30,117 | €296 | +€30,413 | |
| Financial income | 75/76B | €31,625 | €11,841 | -€19,784 | -62.6% |
| Recurring financial income | 75 | €31,625 | €11,841 | -€19,784 | -62.6% |
| Financial charges | 65/66B | €581 | €249 | -€332 | -57.1% |
| Recurring financial charges | 65 | €581 | €249 | -€332 | -57.1% |
| Profit (loss) for the period before taxes | 9903 | €927 | €11,887 | +€10,961 | +1,183% |
| Income taxes | 67/77 | €343 | €3,458 | +€3,115 | +909% |
| Profit (loss) for the period | 9904 | €584 | €8,430 | +€7,846 | +1,343% |
| Profit (loss) for the period to be appropriated | 9905 | €584 | €8,430 | +€7,846 | +1,343% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.