David Perdu: 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.
David Perdu
Largest movements
- Tangible fixed assets -€17,795
down €17,795 (-37.6%), from €47,360 to €29,565
of which Furniture and vehicles: -€16,652
- Cash +€17,432
up €17,432 (+88.0%), from €19,808 to €37,240
mainly Other debts (+€11,578) and Depreciation (+€9,882)
- Deferred charges and accrued income +€4,188
up €4,188 (+425%), from €986 to €5,175
- Receivables within one year +€3,335
up €3,335 (+15.2%), from €21,953 to €25,288
of which Other amounts receivable: +€4,243
- Other debts +€11,578
new in 2025: €11,578
- Reserves -€10,060
down €10,060 (-12.0%), from €84,000 to €73,940
- Trade debts +€4,309
up €4,309 (+126%), from €3,423 to €7,731
- Tax, wage and social debts +€1,308
up €1,308 (+48.7%), from €2,684 to €3,992
- Other operating charges -€3,148
down €3,148 (-89.3%), from €3,527 to €379
- Gross operating margin -€2,485
down €2,485 (-14.2%), from €17,485 to €14,999
- Taxes +€1,902
up €1,902 (+561%), from €339 to €2,241
- Depreciation +€1,306
up €1,306 (+15.2%), from €8,576 to €9,882
- Financial income +€325
up €325 (+129%), from €253 to €578
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 | €90,107 | €97,267 | +€7,160 | +7.9% |
| Fixed assets | 21/28 | €47,360 | €29,565 | -€17,795 | -37.6% |
| Tangible fixed assets | 22/27 | €47,360 | €29,565 | -€17,795 | -37.6% |
| Plant, machinery and equipment | 23 | €3,804 | €2,661 | -€1,143 | -30.0% |
| Furniture and vehicles | 24 | €43,556 | €26,904 | -€16,652 | -38.2% |
| Current assets | 29/58 | €42,747 | €67,702 | +€24,955 | +58.4% |
| Amounts receivable within one year | 40/41 | €21,953 | €25,288 | +€3,335 | +15.2% |
| Trade receivables | 40 | €4,935 | €4,027 | -€908 | -18.4% |
| Other amounts receivable | 41 | €17,018 | €21,261 | +€4,243 | +24.9% |
| Cash at bank and in hand | 54/58 | €19,808 | €37,240 | +€17,432 | +88.0% |
| Deferred charges and accrued income | 490/1 | €986 | €5,175 | +€4,188 | +425% |
| Total equity and liabilities | 10/49 | €90,107 | €97,267 | +€7,160 | +7.9% |
| Equity | 10/15 | €84,000 | €73,940 | -€10,060 | -12.0% |
| Reserves | 13 | €84,000 | €73,940 | -€10,060 | -12.0% |
| Distributable reserves | 133 | €84,000 | €73,940 | -€10,060 | -12.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €6,106 | €23,327 | +€17,220 | +282% |
| Amounts payable within one year | 42/48 | €6,106 | €23,300 | +€17,194 | +282% |
| Trade debts | 44 | €3,423 | €7,731 | +€4,309 | +126% |
| Suppliers | 440/4 | €3,423 | €7,731 | +€4,309 | +126% |
| Taxes, remuneration and social security | 45 | €2,684 | €3,992 | +€1,308 | +48.7% |
| Taxes | 450/3 | €2,684 | €3,992 | +€1,308 | +48.7% |
| Other amounts payable | 47/48 | - | €11,578 | +€11,578 | |
| Accrued charges and deferred income | 492/3 | €0 | €26 | +€26 | |
| Non-recurring operating income | 76A | - | €1,435 | +€1,435 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,576 | €9,882 | +€1,306 | +15.2% |
| Other operating charges | 640/8 | €3,527 | €379 | -€3,148 | -89.3% |
| Non-recurring operating charges | 66A | €9,075 | €0 | -€9,075 | -100% |
| Gross operating margin | 9900 | €17,485 | €14,999 | -€2,485 | -14.2% |
| Operating profit (loss) | 9901 | -€3,694 | €4,738 | +€8,432 | |
| Financial income | 75/76B | €253 | €578 | +€325 | +129% |
| Recurring financial income | 75 | €253 | €578 | +€325 | +129% |
| Financial charges | 65/66B | €1,715 | €1,557 | -€158 | -9.2% |
| Recurring financial charges | 65 | €1,715 | €1,557 | -€158 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | -€5,156 | €3,759 | +€8,915 | |
| Income taxes | 67/77 | €339 | €2,241 | +€1,902 | +561% |
| Profit (loss) for the period | 9904 | -€5,495 | €1,518 | +€7,012 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,495 | €1,518 | +€7,012 |
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 14 October 2026 via checked.be.