Passus Group: 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.
Passus Group
Largest movements
- Receivables within one year +€2,163
up €2,163 (+15.5%), from €13,933 to €16,097
of which Other amounts receivable: +€1,721
- Tangible fixed assets -€1,531
down €1,531 (-21.0%), from €7,273 to €5,742
of which Land and buildings: -€864
- Cash +€750
up €750 (+293%), from €256 to €1,005
mainly Trade debts (+€11,994) and Tax, wage and social debts (+€6,707)
- Profit (loss) carried forward -€17,420
down €17,420, from €9,659 to -€7,761
- Trade debts +€11,994
up €11,994 (+245%), from €4,892 to €16,886
- Tax, wage and social debts +€6,707
up €6,707 (+122%), from €5,516 to €12,223
of which Remuneration and social security: +€6,785
- Gross operating margin -€28,418
down €28,418, from €13,519 to -€14,899
- Depreciation -€933
down €933 (-34.8%), from €2,681 to €1,747
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 | €23,588 | €24,869 | +€1,281 | +5.4% |
| Fixed assets | 21/28 | €7,273 | €5,742 | -€1,531 | -21.0% |
| Tangible fixed assets | 22/27 | €7,273 | €5,742 | -€1,531 | -21.0% |
| Land and buildings | 22 | €4,656 | €3,792 | -€864 | -18.6% |
| Plant, machinery and equipment | 23 | €1,610 | €1,286 | -€324 | -20.1% |
| Furniture and vehicles | 24 | €1,007 | €664 | -€343 | -34.1% |
| Current assets | 29/58 | €16,316 | €19,127 | +€2,811 | +17.2% |
| Amounts receivable within one year | 40/41 | €13,933 | €16,097 | +€2,163 | +15.5% |
| Trade receivables | 40 | €368 | €810 | +€442 | +120% |
| Other amounts receivable | 41 | €13,566 | €15,287 | +€1,721 | +12.7% |
| Cash at bank and in hand | 54/58 | €256 | €1,005 | +€750 | +293% |
| Deferred charges and accrued income | 490/1 | €2,126 | €2,025 | -€101 | -4.8% |
| Total equity and liabilities | 10/49 | €23,588 | €24,869 | +€1,281 | +5.4% |
| Equity | 10/15 | €13,159 | -€4,261 | -€17,420 | |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,659 | -€7,761 | -€17,420 | |
| Amounts payable | 17/49 | €10,429 | €29,130 | +€18,701 | +179% |
| Amounts payable within one year | 42/48 | €10,409 | €29,109 | +€18,701 | +180% |
| Trade debts | 44 | €4,892 | €16,886 | +€11,994 | +245% |
| Suppliers | 440/4 | €4,892 | €16,886 | +€11,994 | +245% |
| Taxes, remuneration and social security | 45 | €5,516 | €12,223 | +€6,707 | +122% |
| Taxes | 450/3 | €4,184 | €4,106 | -€78 | -1.9% |
| Remuneration and social security | 454/9 | €1,332 | €8,117 | +€6,785 | +509% |
| Accrued charges and deferred income | 492/3 | €20 | €20 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,681 | €1,747 | -€933 | -34.8% |
| Other operating charges | 640/8 | €118 | €183 | +€65 | +55.4% |
| Gross operating margin | 9900 | €13,519 | -€14,899 | -€28,418 | |
| Operating profit (loss) | 9901 | €10,720 | -€16,830 | -€27,550 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €318 | €427 | +€109 | +34.2% |
| Recurring financial charges | 65 | €318 | €427 | +€109 | +34.2% |
| Profit (loss) for the period before taxes | 9903 | €10,402 | -€17,257 | -€27,659 | |
| Income taxes | 67/77 | €141 | €163 | +€21 | +15.1% |
| Profit (loss) for the period | 9904 | €10,260 | -€17,420 | -€27,680 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,260 | -€17,420 | -€27,680 |
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 13 October 2026 via checked.be.