PASSYST: 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.
PASSYST
Largest movements
- Cash -€202,653
down €202,653 (-83.2%), from €243,609 to €40,956
mainly Debts after one year (-€115,752) and Receivables within one year (-€97,654)
- Receivables within one year +€97,654
up €97,654 (+99.0%), from €98,615 to €196,269
- Current investments +€25,000
up €25,000 (+83.3%), from €30,000 to €55,000
- Tangible fixed assets -€24,349
down €24,349 (-26.2%), from €92,891 to €68,542
of which Plant, machinery and equipment: -€24,275
- Debts after one year -€115,752
down €115,752 (-24.6%), from €470,329 to €354,577
- Profit (loss) carried forward +€63,225
up €63,225 (+21.2%), from €298,304 to €361,529
- Other debts -€42,491
down €42,491 (-28.4%), from €149,779 to €107,289
- Financial income -€250,867
down €250,867 (-99.1%), from €253,161 to €2,294
- Taxes -€24,079
down €24,079 (-59.0%), from €40,811 to €16,733
- Financial charges -€14,363
down €14,363 (-52.4%), from €27,408 to €13,044
- Gross operating margin -€2,547
down €2,547 (-2.1%), from €119,887 to €117,340
- Depreciation -€1,973
down €1,973 (-7.5%), from €26,322 to €24,349
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 | €1,434,224 | €1,329,875 | -€104,349 | -7.3% |
| Fixed assets | 21/28 | €1,057,891 | €1,033,542 | -€24,349 | -2.3% |
| Tangible fixed assets | 22/27 | €92,891 | €68,542 | -€24,349 | -26.2% |
| Plant, machinery and equipment | 23 | €92,816 | €68,542 | -€24,275 | -26.2% |
| Furniture and vehicles | 24 | €75 | - | -€75 | |
| Financial fixed assets | 28 | €965,000 | €965,000 | = | 0.0% |
| Current assets | 29/58 | €376,333 | €296,334 | -€79,999 | -21.3% |
| Amounts receivable within one year | 40/41 | €98,615 | €196,269 | +€97,654 | +99.0% |
| Trade receivables | 40 | €98,615 | €196,269 | +€97,654 | +99.0% |
| Current investments | 50/53 | €30,000 | €55,000 | +€25,000 | +83.3% |
| Cash at bank and in hand | 54/58 | €243,609 | €40,956 | -€202,653 | -83.2% |
| Deferred charges and accrued income | 490/1 | €4,110 | €4,110 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,434,224 | €1,329,875 | -€104,349 | -7.3% |
| Equity | 10/15 | €604,304 | €667,529 | +€63,225 | +10.5% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €276,000 | €276,000 | = | 0.0% |
| Distributable reserves | 133 | €276,000 | €276,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €298,304 | €361,529 | +€63,225 | +21.2% |
| Amounts payable | 17/49 | €829,920 | €662,346 | -€167,574 | -20.2% |
| Amounts payable after more than one year | 17 | €470,329 | €354,577 | -€115,752 | -24.6% |
| Financial debts | 170/4 | €470,329 | €354,577 | -€115,752 | -24.6% |
| Amounts payable within one year | 42/48 | €359,591 | €307,769 | -€51,822 | -14.4% |
| Current portion of amounts payable after more than one year | 42 | €113,148 | €115,752 | +€2,604 | +2.3% |
| Trade debts | 44 | €44,197 | €43,246 | -€951 | -2.2% |
| Suppliers | 440/4 | €44,197 | €43,246 | -€951 | -2.2% |
| Taxes, remuneration and social security | 45 | €52,467 | €41,482 | -€10,985 | -20.9% |
| Taxes | 450/3 | €52,467 | €41,482 | -€10,985 | -20.9% |
| Other amounts payable | 47/48 | €149,779 | €107,289 | -€42,491 | -28.4% |
| Remuneration, social security and pensions | 62 | €1,058 | €983 | -€75 | -7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,322 | €24,349 | -€1,973 | -7.5% |
| Other operating charges | 640/8 | €1,263 | €1,299 | +€37 | +2.9% |
| Gross operating margin | 9900 | €119,887 | €117,340 | -€2,547 | -2.1% |
| Operating profit (loss) | 9901 | €91,244 | €90,708 | -€536 | -0.6% |
| Financial income | 75/76B | €253,161 | €2,294 | -€250,867 | -99.1% |
| Recurring financial income | 75 | €253,161 | €2,294 | -€250,867 | -99.1% |
| Financial charges | 65/66B | €27,408 | €13,044 | -€14,363 | -52.4% |
| Recurring financial charges | 65 | €27,408 | €13,044 | -€14,363 | -52.4% |
| Profit (loss) for the period before taxes | 9903 | €316,997 | €79,958 | -€237,040 | -74.8% |
| Income taxes | 67/77 | €40,811 | €16,733 | -€24,079 | -59.0% |
| Profit (loss) for the period | 9904 | €276,186 | €63,225 | -€212,961 | -77.1% |
| Profit (loss) for the period to be appropriated | 9905 | €276,186 | €63,225 | -€212,961 | -77.1% |
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 22 October 2026 via checked.be.