PASSIM: what changed
What changed
PASSIM
filed annual accounts (NBB)
Net result for the year
€16,904
2024 · €12,203+€4,702
Equity
€3,110
2024 · -€13,795+€16,904
Cash
€1,060
2024 · €1,059+€1
Balance sheet total
€469,482
2024 · €490,436-€20,954
Largest movements
Assets
- Tangible fixed assets -€20,955
down €20,955 (-4.3%), from €489,377 to €468,423
Equity and liabilities
- Debts after one year -€37,317
down €37,317 (-10.1%), from €368,804 to €331,487
- Profit (loss) carried forward +€16,904
up €16,904 (+52.3%), from -€32,345 to -€15,440
Income statement
- Gross operating margin +€3,563
up €3,563 (+6.7%), from €53,268 to €56,831
- Financial charges -€1,528
down €1,528 (-8.9%), from €17,229 to €15,701
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€12,203
Gross operating margin
+€3,563
Depreciation
-€300
Other operating charges
-€90
Financial charges
+€1,528
Result 2025
€16,904
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€35,614
Investment
€0
Financing
-€35,613
Cash 2024
€1,059
From operations (derived)
+€35,614
Net result for the year
+€16,904
Depreciation
+€20,955
Trade debts
-€546
Other debts
-€1,000
Accrued charges and deferred income
-€700
Financing
-€35,613
Debts after one year
-€37,317
Current portion of long-term debt
+€1,704
Cash 2025
€1,060
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €490,436 | €469,482 | -€20,954 | -4.3% |
| Fixed assets | 21/28 | €489,377 | €468,423 | -€20,955 | -4.3% |
| Tangible fixed assets | 22/27 | €489,377 | €468,423 | -€20,955 | -4.3% |
| Land and buildings | 22 | €489,377 | €468,423 | -€20,955 | -4.3% |
| Current assets | 29/58 | €1,059 | €1,060 | +€1 | +0.1% |
| Cash at bank and in hand | 54/58 | €1,059 | €1,060 | +€1 | +0.1% |
| Total equity and liabilities | 10/49 | €490,436 | €469,482 | -€20,954 | -4.3% |
| Equity | 10/15 | -€13,795 | €3,110 | +€16,904 | |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,345 | -€15,440 | +€16,904 | +52.3% |
| Amounts payable | 17/49 | €504,231 | €466,373 | -€37,858 | -7.5% |
| Amounts payable after more than one year | 17 | €368,804 | €331,487 | -€37,317 | -10.1% |
| Financial debts | 170/4 | €368,804 | €331,487 | -€37,317 | -10.1% |
| Amounts payable within one year | 42/48 | €134,727 | €134,886 | +€159 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €35,613 | €37,317 | +€1,704 | +4.8% |
| Trade debts | 44 | €958 | €412 | -€546 | -57.0% |
| Suppliers | 440/4 | €958 | €412 | -€546 | -57.0% |
| Other amounts payable | 47/48 | €98,157 | €97,157 | -€1,000 | -1.0% |
| Accrued charges and deferred income | 492/3 | €700 | €0 | -€700 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,655 | €20,955 | +€300 | +1.5% |
| Other operating charges | 640/8 | €3,181 | €3,271 | +€90 | +2.8% |
| Gross operating margin | 9900 | €53,268 | €56,831 | +€3,563 | +6.7% |
| Operating profit (loss) | 9901 | €29,432 | €32,606 | +€3,174 | +10.8% |
| Financial charges | 65/66B | €17,229 | €15,701 | -€1,528 | -8.9% |
| Recurring financial charges | 65 | €17,229 | €15,701 | -€1,528 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €12,203 | €16,904 | +€4,702 | +38.5% |
| Profit (loss) for the period | 9904 | €12,203 | €16,904 | +€4,702 | +38.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,203 | €16,904 | +€4,702 | +38.5% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.