Passion4trust: 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.
Passion4trust
Largest movements
- Receivables within one year +€43,411
up €43,411 (+41.3%), from €105,189 to €148,600
of which Trade receivables: +€51,800
- Cash -€26,081
down €26,081 (-68.7%), from €37,949 to €11,868
mainly Contributions, distributions and other (-€100,000) and Receivables within one year (-€43,411)
- Profit (loss) carried forward +€11,797
up €11,797 (+44.2%), from €26,719 to €38,517
- Other debts +€10,676
up €10,676 (+10.7%), from €100,000 to €110,676
- Tax, wage and social debts -€6,386
down €6,386 (-46.0%), from €13,883 to €7,497
- Gross operating margin -€6,078
down €6,078 (-3.9%), from €156,438 to €150,361
- Taxes -€1,820
down €1,820 (-4.7%), from €39,086 to €37,266
- Financial income -€1,612
down €1,612 (-100.0%), from €1,612 to €0
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 | €161,450 | €177,150 | +€15,701 | +9.7% |
| Fixed assets | 21/28 | €17,155 | €16,509 | -€646 | -3.8% |
| Tangible fixed assets | 22/27 | €17,155 | €16,509 | -€646 | -3.8% |
| Furniture and vehicles | 24 | €17,155 | €16,509 | -€646 | -3.8% |
| Current assets | 29/58 | €144,294 | €160,641 | +€16,346 | +11.3% |
| Amounts receivable within one year | 40/41 | €105,189 | €148,600 | +€43,411 | +41.3% |
| Trade receivables | 40 | €96,800 | €148,600 | +€51,800 | +53.5% |
| Other amounts receivable | 41 | €8,389 | €0 | -€8,389 | -100.0% |
| Cash at bank and in hand | 54/58 | €37,949 | €11,868 | -€26,081 | -68.7% |
| Deferred charges and accrued income | 490/1 | €1,156 | €173 | -€983 | -85.1% |
| Total equity and liabilities | 10/49 | €161,450 | €177,150 | +€15,701 | +9.7% |
| Equity | 10/15 | €47,179 | €58,977 | +€11,797 | +25.0% |
| 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 | €26,719 | €38,517 | +€11,797 | +44.2% |
| Amounts payable | 17/49 | €114,270 | €118,174 | +€3,903 | +3.4% |
| Amounts payable within one year | 42/48 | €114,270 | €118,174 | +€3,903 | +3.4% |
| Trade debts | 44 | €387 | €0 | -€387 | -100.0% |
| Suppliers | 440/4 | €387 | €0 | -€387 | -100.0% |
| Taxes, remuneration and social security | 45 | €13,883 | €7,497 | -€6,386 | -46.0% |
| Taxes | 450/3 | €13,883 | €7,497 | -€6,386 | -46.0% |
| Other amounts payable | 47/48 | €100,000 | €110,676 | +€10,676 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,187 | €646 | -€542 | -45.6% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €156,438 | €150,361 | -€6,078 | -3.9% |
| Operating profit (loss) | 9901 | €154,864 | €149,315 | -€5,548 | -3.6% |
| Financial income | 75/76B | €1,612 | €0 | -€1,612 | -100.0% |
| Recurring financial income | 75 | €1,612 | €0 | -€1,612 | -100.0% |
| Financial charges | 65/66B | €197 | €253 | +€55 | +27.9% |
| Recurring financial charges | 65 | €197 | €253 | +€55 | +27.9% |
| Profit (loss) for the period before taxes | 9903 | €156,278 | €149,063 | -€7,215 | -4.6% |
| Income taxes | 67/77 | €39,086 | €37,266 | -€1,820 | -4.7% |
| Profit (loss) for the period | 9904 | €117,192 | €111,797 | -€5,395 | -4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €117,192 | €111,797 | -€5,395 | -4.6% |
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 10 October 2026 via checked.be.