RePassNet: 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.
RePassNet
Largest movements
- Receivables within one year +€15,724
up €15,724 (+55.8%), from €28,175 to €43,899
of which Other amounts receivable: +€21,969
- Tangible fixed assets -€10,331
no longer reported in 2025 (was €10,331)
- Cash +€932
up €932 (+43.8%), from €2,127 to €3,058
mainly Net result for the year (+€11,331) and Depreciation (+€10,331)
- Profit (loss) carried forward +€11,331
up €11,331 (+128.7%), from €8,802 to €20,134
- Debts after one year -€6,267
down €6,267 (-25.7%), from €24,423 to €18,156
- Tax, wage and social debts +€2,941
up €2,941 (+133.3%), from €2,206 to €5,148
- Trade debts -€1,681
down €1,681 (-35.2%), from €4,770 to €3,089
- Gross operating margin +€3,464
up €3,464 (+15.6%), from €22,144 to €25,607
- Taxes +€735
up €735 (+33.3%), from €2,206 to €2,941
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 | €42,702 | €49,027 | +€6,325 | +14.8% |
| Fixed assets | 21/28 | €12,401 | €2,070 | -€10,331 | -83.3% |
| Tangible fixed assets | 22/27 | €10,331 | - | -€10,331 | |
| Plant, machinery and equipment | 23 | €10,331 | - | -€10,331 | |
| Financial fixed assets | 28 | €2,070 | €2,070 | = | 0.0% |
| Current assets | 29/58 | €30,301 | €46,957 | +€16,656 | +55.0% |
| Amounts receivable within one year | 40/41 | €28,175 | €43,899 | +€15,724 | +55.8% |
| Trade receivables | 40 | €13,740 | €7,495 | -€6,245 | -45.5% |
| Other amounts receivable | 41 | €14,435 | €36,404 | +€21,969 | +152.2% |
| Cash at bank and in hand | 54/58 | €2,127 | €3,058 | +€932 | +43.8% |
| Total equity and liabilities | 10/49 | €42,702 | €49,027 | +€6,325 | +14.8% |
| Equity | 10/15 | €11,302 | €22,634 | +€11,331 | +100.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,802 | €20,134 | +€11,331 | +128.7% |
| Amounts payable | 17/49 | €31,400 | €26,393 | -€5,006 | -15.9% |
| Amounts payable after more than one year | 17 | €24,423 | €18,156 | -€6,267 | -25.7% |
| Financial debts | 170/4 | €24,423 | €18,156 | -€6,267 | -25.7% |
| Amounts payable within one year | 42/48 | €6,976 | €8,237 | +€1,261 | +18.1% |
| Trade debts | 44 | €4,770 | €3,089 | -€1,681 | -35.2% |
| Suppliers | 440/4 | €4,770 | €3,089 | -€1,681 | -35.2% |
| Taxes, remuneration and social security | 45 | €2,206 | €5,148 | +€2,941 | +133.3% |
| Taxes | 450/3 | €2,206 | €5,148 | +€2,941 | +133.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,331 | €10,331 | = | 0.0% |
| Other operating charges | 640/8 | - | €66 | +€66 | |
| Gross operating margin | 9900 | €22,144 | €25,607 | +€3,464 | +15.6% |
| Operating profit (loss) | 9901 | €11,813 | €15,211 | +€3,398 | +28.8% |
| Financial charges | 65/66B | €805 | €938 | +€134 | +16.6% |
| Recurring financial charges | 65 | €805 | €938 | +€134 | +16.6% |
| Profit (loss) for the period before taxes | 9903 | €11,009 | €14,273 | +€3,264 | +29.7% |
| Income taxes | 67/77 | €2,206 | €2,941 | +€735 | +33.3% |
| Profit (loss) for the period | 9904 | €8,802 | €11,331 | +€2,529 | +28.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,802 | €11,331 | +€2,529 | +28.7% |
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 2 October 2026 via checked.be.