CHRIS PERSYN: 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.
CHRIS PERSYN
Largest movements
- Cash -€91,037
down €91,037 (-40.5%), from €224,740 to €133,703
mainly Contributions, distributions and other (-€59,800) and Other debts (-€45,276)
- Tangible fixed assets -€22,747
down €22,747 (-31.2%), from €72,819 to €50,072
of which Furniture and vehicles: -€22,747
- Other debts -€45,276
down €45,276 (-23.1%), from €195,740 to €150,464
- Tax, wage and social debts -€34,087
down €34,087 (-72.6%), from €46,962 to €12,876
- Reserves -€21,100
down €21,100 (-7.7%), from €274,800 to €253,700
- Accrued charges and deferred income -€12,625
down €12,625 (-59.2%), from €21,309 to €8,684
- Gross operating margin -€144,384
down €144,384 (-60.5%), from €238,665 to €94,281
- Taxes -€37,937
down €37,937 (-64.6%), from €58,712 to €20,775
- Financial charges -€12,497
down €12,497 (-57.6%), from €21,702 to €9,205
- Depreciation -€4,994
down €4,994 (-17.0%), from €29,407 to €24,413
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 | €916,562 | €801,866 | -€114,697 | -12.5% |
| Fixed assets | 21/28 | €72,819 | €50,072 | -€22,747 | -31.2% |
| Tangible fixed assets | 22/27 | €72,819 | €50,072 | -€22,747 | -31.2% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €72,819 | €50,072 | -€22,747 | -31.2% |
| Current assets | 29/58 | €843,744 | €751,794 | -€91,950 | -10.9% |
| Amounts receivable within one year | 40/41 | €28,832 | €27,750 | -€1,082 | -3.8% |
| Trade receivables | 40 | €28,702 | €23,325 | -€5,377 | -18.7% |
| Other amounts receivable | 41 | €130 | €4,425 | +€4,295 | +3,304% |
| Current investments | 50/53 | €587,524 | €587,524 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €224,740 | €133,703 | -€91,037 | -40.5% |
| Deferred charges and accrued income | 490/1 | €2,648 | €2,817 | +€169 | +6.4% |
| Total equity and liabilities | 10/49 | €916,562 | €801,866 | -€114,697 | -12.5% |
| Equity | 10/15 | €649,819 | €628,785 | -€21,034 | -3.2% |
| Contributions | 10/11 | €375,000 | €375,000 | = | 0.0% |
| Reserves | 13 | €274,800 | €253,700 | -€21,100 | -7.7% |
| Distributable reserves | 133 | €274,800 | €253,700 | -€21,100 | -7.7% |
| Profit (loss) carried forward | 14 | €19 | €85 | +€66 | +338% |
| Amounts payable | 17/49 | €266,743 | €173,081 | -€93,662 | -35.1% |
| Amounts payable within one year | 42/48 | €245,434 | €164,397 | -€81,038 | -33.0% |
| Trade debts | 44 | €2,732 | €1,057 | -€1,675 | -61.3% |
| Suppliers | 440/4 | €2,732 | €1,057 | -€1,675 | -61.3% |
| Taxes, remuneration and social security | 45 | €46,962 | €12,876 | -€34,087 | -72.6% |
| Taxes | 450/3 | €46,962 | €12,876 | -€34,087 | -72.6% |
| Other amounts payable | 47/48 | €195,740 | €150,464 | -€45,276 | -23.1% |
| Accrued charges and deferred income | 492/3 | €21,309 | €8,684 | -€12,625 | -59.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,407 | €24,413 | -€4,994 | -17.0% |
| Other operating charges | 640/8 | €3,600 | €1,735 | -€1,865 | -51.8% |
| Gross operating margin | 9900 | €238,665 | €94,281 | -€144,384 | -60.5% |
| Operating profit (loss) | 9901 | €205,658 | €68,133 | -€137,525 | -66.9% |
| Financial income | 75/76B | €1,399 | €613 | -€786 | -56.2% |
| Recurring financial income | 75 | €1,399 | €613 | -€786 | -56.2% |
| Financial charges | 65/66B | €21,702 | €9,205 | -€12,497 | -57.6% |
| Recurring financial charges | 65 | €21,702 | €9,205 | -€12,497 | -57.6% |
| Profit (loss) for the period before taxes | 9903 | €185,355 | €59,541 | -€125,814 | -67.9% |
| Income taxes | 67/77 | €58,712 | €20,775 | -€37,937 | -64.6% |
| Profit (loss) for the period | 9904 | €126,643 | €38,766 | -€87,877 | -69.4% |
| Profit (loss) for the period to be appropriated | 9905 | €126,643 | €38,766 | -€87,877 | -69.4% |
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 18 October 2026 via checked.be.