Dr. B. Persoons: 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.
Dr. B. Persoons
Largest movements
- Cash +€29,168
up €29,168 (+27.8%), from €104,934 to €134,103
mainly Net result for the year (+€202,378) and Other debts (+€170,000)
- Receivables within one year +€21,266
up €21,266 (+46.6%), from €45,606 to €66,872
- Tangible fixed assets -€8,059
down €8,059 (-14.0%), from €57,379 to €49,321
of which Land and buildings: -€6,300
- Other debts +€170,000
new in 2025: €170,000
- Profit (loss) carried forward -€114,122
down €114,122 (-80.6%), from €141,547 to €27,425
- Tax, wage and social debts +€14,136
up €14,136 (+83.0%), from €17,021 to €31,157
of which Taxes: +€12,979
- Trade debts -€11,700
down €11,700 (-91.2%), from €12,828 to €1,129
- Debts after one year -€11,238
down €11,238 (-26.1%), from €43,002 to €31,764
- Gross operating margin +€104,596
up €104,596 (+61.2%), from €171,025 to €275,621
- Taxes +€26,310
up €26,310 (+71.1%), from €37,021 to €63,331
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 | €233,419 | €276,213 | +€42,794 | +18.3% |
| Fixed assets | 21/28 | €57,379 | €49,321 | -€8,059 | -14.0% |
| Tangible fixed assets | 22/27 | €57,379 | €49,321 | -€8,059 | -14.0% |
| Land and buildings | 22 | €52,439 | €46,139 | -€6,300 | -12.0% |
| Plant, machinery and equipment | 23 | €2,651 | €2,082 | -€569 | -21.5% |
| Furniture and vehicles | 24 | €2,289 | €1,100 | -€1,190 | -52.0% |
| Current assets | 29/58 | €176,040 | €226,892 | +€50,852 | +28.9% |
| Amounts receivable within one year | 40/41 | €45,606 | €66,872 | +€21,266 | +46.6% |
| Other amounts receivable | 41 | €45,606 | €66,872 | +€21,266 | +46.6% |
| Cash at bank and in hand | 54/58 | €104,934 | €134,103 | +€29,168 | +27.8% |
| Deferred charges and accrued income | 490/1 | €25,500 | €25,917 | +€417 | +1.6% |
| Total equity and liabilities | 10/49 | €233,419 | €276,213 | +€42,794 | +18.3% |
| Equity | 10/15 | €145,047 | €30,925 | -€114,122 | -78.7% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €141,547 | €27,425 | -€114,122 | -80.6% |
| Amounts payable | 17/49 | €88,372 | €245,288 | +€156,916 | +177.6% |
| Amounts payable after more than one year | 17 | €43,002 | €31,764 | -€11,238 | -26.1% |
| Financial debts | 170/4 | €43,002 | €31,764 | -€11,238 | -26.1% |
| Amounts payable within one year | 42/48 | €45,370 | €213,524 | +€168,154 | +370.6% |
| Current portion of amounts payable after more than one year | 42 | €15,520 | €11,238 | -€4,282 | -27.6% |
| Trade debts | 44 | €12,828 | €1,129 | -€11,700 | -91.2% |
| Suppliers | 440/4 | €12,828 | €1,129 | -€11,700 | -91.2% |
| Taxes, remuneration and social security | 45 | €17,021 | €31,157 | +€14,136 | +83.0% |
| Taxes | 450/3 | €17,021 | €30,000 | +€12,979 | +76.2% |
| Remuneration and social security | 454/9 | - | €1,157 | +€1,157 | |
| Other amounts payable | 47/48 | - | €170,000 | +€170,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,891 | €8,059 | +€167 | +2.1% |
| Other operating charges | 640/8 | €1,017 | €984 | -€33 | -3.2% |
| Gross operating margin | 9900 | €171,025 | €275,621 | +€104,596 | +61.2% |
| Operating profit (loss) | 9901 | €162,117 | €266,578 | +€104,461 | +64.4% |
| Financial income | 75/76B | €1,891 | €3,639 | +€1,748 | +92.4% |
| Recurring financial income | 75 | €1,891 | €3,639 | +€1,748 | +92.4% |
| Financial charges | 65/66B | €3,254 | €4,508 | +€1,254 | +38.5% |
| Recurring financial charges | 65 | €3,254 | €4,508 | +€1,254 | +38.5% |
| Profit (loss) for the period before taxes | 9903 | €160,754 | €265,709 | +€104,955 | +65.3% |
| Income taxes | 67/77 | €37,021 | €63,331 | +€26,310 | +71.1% |
| Profit (loss) for the period | 9904 | €123,733 | €202,378 | +€78,645 | +63.6% |
| Profit (loss) for the period to be appropriated | 9905 | €123,733 | €202,378 | +€78,645 | +63.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.