PassoConsult: 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.
PassoConsult
Largest movements
- Current investments +€391,511
up €391,511 (+43.3%), from €904,368 to €1.3m
- Cash -€133,878
down €133,878 (-46.3%), from €289,141 to €155,264
- Receivables within one year +€30,836
up €30,836 (+118%), from €26,188 to €57,023
of which Other amounts receivable: +€40,167
- Reserves +€288,201
up €288,201 (+23.7%), from €1.2m to €1.5m
of which Distributable reserves: +€288,201
- Financial income +€116,816
up €116,816 (+667%), from €17,511 to €134,327
- Taxes +€42,849
up €42,849 (+48.0%), from €89,292 to €132,141
- Gross operating margin +€33,777
up €33,777 (+12.1%), from €280,006 to €313,783
- Financial charges +€19,054
up €19,054 (+494%), from €3,858 to €22,912
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 | €1,223,788 | €1,508,166 | +€284,378 | +23.2% |
| Fixed assets | 21/28 | €680 | - | -€680 | |
| Tangible fixed assets | 22/27 | €680 | - | -€680 | |
| Furniture and vehicles | 24 | €680 | - | -€680 | |
| Current assets | 29/58 | €1,223,108 | €1,508,166 | +€285,058 | +23.3% |
| Amounts receivable within one year | 40/41 | €26,188 | €57,023 | +€30,836 | +118% |
| Trade receivables | 40 | €20,676 | €11,344 | -€9,332 | -45.1% |
| Other amounts receivable | 41 | €5,512 | €45,679 | +€40,167 | +729% |
| Current investments | 50/53 | €904,368 | €1,295,879 | +€391,511 | +43.3% |
| Cash at bank and in hand | 54/58 | €289,141 | €155,264 | -€133,878 | -46.3% |
| Deferred charges and accrued income | 490/1 | €3,411 | - | -€3,411 | |
| Total equity and liabilities | 10/49 | €1,223,788 | €1,508,166 | +€284,378 | +23.2% |
| Equity | 10/15 | €1,215,279 | €1,503,480 | +€288,201 | +23.7% |
| Reserves | 13 | €1,215,279 | €1,503,480 | +€288,201 | +23.7% |
| Tax-exempt reserves | 132 | €465 | €465 | = | 0.0% |
| Distributable reserves | 133 | €1,214,814 | €1,503,016 | +€288,201 | +23.7% |
| Amounts payable | 17/49 | €8,510 | €4,686 | -€3,824 | -44.9% |
| Amounts payable within one year | 42/48 | €8,510 | €4,686 | -€3,824 | -44.9% |
| Trade debts | 44 | - | €2,000 | +€2,000 | |
| Suppliers | 440/4 | - | €2,000 | +€2,000 | |
| Taxes, remuneration and social security | 45 | €7,603 | €2,686 | -€4,917 | -64.7% |
| Taxes | 450/3 | €7,603 | €2,686 | -€4,917 | -64.7% |
| Other amounts payable | 47/48 | €907 | - | -€907 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €384 | €680 | +€297 | +77.3% |
| Other operating charges | 640/8 | €1,679 | €4,175 | +€2,496 | +149% |
| Gross operating margin | 9900 | €280,006 | €313,783 | +€33,777 | +12.1% |
| Operating profit (loss) | 9901 | €277,943 | €308,928 | +€30,985 | +11.1% |
| Financial income | 75/76B | €17,511 | €134,327 | +€116,816 | +667% |
| Recurring financial income | 75 | €17,511 | €134,327 | +€116,816 | +667% |
| Financial charges | 65/66B | €3,858 | €22,912 | +€19,054 | +494% |
| Recurring financial charges | 65 | €3,858 | €22,912 | +€19,054 | +494% |
| Profit (loss) for the period before taxes | 9903 | €291,596 | €420,343 | +€128,747 | +44.2% |
| Income taxes | 67/77 | €89,292 | €132,141 | +€42,849 | +48.0% |
| Profit (loss) for the period | 9904 | €202,304 | €288,201 | +€85,898 | +42.5% |
| Profit (loss) for the period to be appropriated | 9905 | €202,304 | €288,201 | +€85,898 | +42.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.