PASSION8: 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.
PASSION8
Largest movements
- Receivables within one year +€52,123
up €52,123 (+72.7%), from €71,648 to €123,771
- Cash +€16,753
up €16,753 (+19.2%), from €87,226 to €103,979
mainly Other debts (+€152,697) and Net result for the year (+€145,568)
- Other debts +€152,697
up €152,697 (+99.0%), from €154,163 to €306,860
- Reserves -€52,439
no longer reported in 2025 (was €52,439)
- Tax, wage and social debts +€47,348
up €47,348 (+270.0%), from €17,538 to €64,886
- Profit (loss) carried forward -€47,010
no longer reported in 2025 (was €47,010)
- Debts after one year -€37,896
down €37,896 (-26.3%), from €144,097 to €106,201
- Gross operating margin +€15,758
up €15,758 (+7.9%), from €198,903 to €214,660
- Taxes +€6,232
up €6,232 (+15.1%), from €41,302 to €47,534
- Financial charges -€4,667
down €4,667 (-69.2%), from €6,745 to €2,079
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 | €479,382 | €548,958 | +€69,575 | +14.5% |
| Fixed assets | 21/28 | €318,455 | €318,228 | -€227 | -0.1% |
| Tangible fixed assets | 22/27 | €318,305 | €318,078 | -€227 | -0.1% |
| Land and buildings | 22 | €311,890 | €297,576 | -€14,314 | -4.6% |
| Plant, machinery and equipment | 23 | €794 | €13,171 | +€12,377 | +1559.8% |
| Furniture and vehicles | 24 | €3,922 | €5,632 | +€1,710 | +43.6% |
| Other tangible fixed assets | 26 | €1,700 | €1,700 | = | 0.0% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €160,927 | €230,730 | +€69,803 | +43.4% |
| Amounts receivable within one year | 40/41 | €71,648 | €123,771 | +€52,123 | +72.7% |
| Trade receivables | 40 | €71,648 | €123,771 | +€52,123 | +72.7% |
| Cash at bank and in hand | 54/58 | €87,226 | €103,979 | +€16,753 | +19.2% |
| Deferred charges and accrued income | 490/1 | €2,053 | €2,979 | +€926 | +45.1% |
| Total equity and liabilities | 10/49 | €479,382 | €548,958 | +€69,575 | +14.5% |
| Equity | 10/15 | €119,909 | €18,600 | -€101,309 | -84.5% |
| Contributions | 10/11 | €20,460 | €18,600 | -€1,860 | -9.1% |
| Reserves | 13 | €52,439 | - | -€52,439 | |
| Distributable reserves | 133 | €52,439 | - | -€52,439 | |
| Profit (loss) carried forward | 14 | €47,010 | - | -€47,010 | |
| Amounts payable | 17/49 | €359,474 | €530,358 | +€170,884 | +47.5% |
| Amounts payable after more than one year | 17 | €144,097 | €106,201 | -€37,896 | -26.3% |
| Financial debts | 170/4 | €144,097 | €106,201 | -€37,896 | -26.3% |
| Amounts payable within one year | 42/48 | €213,324 | €424,151 | +€210,827 | +98.8% |
| Current portion of amounts payable after more than one year | 42 | €40,494 | €41,032 | +€538 | +1.3% |
| Financial debts | 43 | €193 | €28 | -€166 | -85.8% |
| Credit institutions | 430/8 | €193 | €28 | -€166 | -85.8% |
| Trade debts | 44 | €936 | €11,346 | +€10,410 | +1112.1% |
| Suppliers | 440/4 | €936 | €11,346 | +€10,410 | +1112.1% |
| Taxes, remuneration and social security | 45 | €17,538 | €64,886 | +€47,348 | +270.0% |
| Taxes | 450/3 | €17,538 | €64,886 | +€47,348 | +270.0% |
| Other amounts payable | 47/48 | €154,163 | €306,860 | +€152,697 | +99.0% |
| Accrued charges and deferred income | 492/3 | €2,053 | €6 | -€2,047 | -99.7% |
| Non-recurring operating income | 76A | €4,626 | €400 | -€4,226 | -91.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,772 | €17,781 | +€1,010 | +6.0% |
| Other operating charges | 640/8 | €2,243 | €1,797 | -€445 | -19.9% |
| Gross operating margin | 9900 | €198,903 | €214,660 | +€15,758 | +7.9% |
| Operating profit (loss) | 9901 | €179,888 | €195,082 | +€15,194 | +8.4% |
| Financial income | 75/76B | €169 | €98 | -€71 | -41.8% |
| Recurring financial income | 75 | €169 | €98 | -€71 | -41.8% |
| Financial charges | 65/66B | €6,745 | €2,079 | -€4,667 | -69.2% |
| Recurring financial charges | 65 | €6,745 | €2,079 | -€4,667 | -69.2% |
| Profit (loss) for the period before taxes | 9903 | €173,312 | €193,101 | +€19,790 | +11.4% |
| Income taxes | 67/77 | €41,302 | €47,534 | +€6,232 | +15.1% |
| Profit (loss) for the period | 9904 | €132,010 | €145,568 | +€13,558 | +10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €132,010 | €145,568 | +€13,558 | +10.3% |
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 30 September 2026 via checked.be.