Florien Persijn: 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.
Florien Persijn
Largest movements
- Tangible fixed assets -€11,284
down €11,284 (-17.5%), from €64,371 to €53,087
of which Leasing and similar rights: -€16,908
- Receivables within one year +€9,506
up €9,506 (+136%), from €7,013 to €16,519
- Deferred charges and accrued income +€3,189
up €3,189 (+398%), from €802 to €3,991
- Cash -€3,127
down €3,127 (-7.8%), from €40,173 to €37,046
mainly Debts after one year (-€16,956) and Receivables within one year (-€9,506)
- Reserves +€19,795
up €19,795 (+68.5%), from €28,902 to €48,697
- Debts after one year -€16,956
down €16,956 (-33.1%), from €51,150 to €34,194
- Tax, wage and social debts -€5,867
down €5,867 (-87.0%), from €6,743 to €876
- Gross operating margin -€10,205
down €10,205 (-17.4%), from €58,605 to €48,400
- Taxes -€2,493
down €2,493 (-31.2%), from €7,987 to €5,494
- Depreciation +€813
up €813 (+4.2%), from €19,150 to €19,962
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 | €112,360 | €110,644 | -€1,716 | -1.5% |
| Fixed assets | 21/28 | €64,371 | €53,087 | -€11,284 | -17.5% |
| Tangible fixed assets | 22/27 | €64,371 | €53,087 | -€11,284 | -17.5% |
| Plant, machinery and equipment | 23 | €5,219 | €3,605 | -€1,614 | -30.9% |
| Furniture and vehicles | 24 | €43 | €7,281 | +€7,239 | +17,028% |
| Leasing and similar rights | 25 | €59,110 | €42,201 | -€16,908 | -28.6% |
| Current assets | 29/58 | €47,989 | €57,557 | +€9,568 | +19.9% |
| Amounts receivable within one year | 40/41 | €7,013 | €16,519 | +€9,506 | +136% |
| Other amounts receivable | 41 | €7,013 | €16,519 | +€9,506 | +136% |
| Cash at bank and in hand | 54/58 | €40,173 | €37,046 | -€3,127 | -7.8% |
| Deferred charges and accrued income | 490/1 | €802 | €3,991 | +€3,189 | +398% |
| Total equity and liabilities | 10/49 | €112,360 | €110,644 | -€1,716 | -1.5% |
| Equity | 10/15 | €31,402 | €51,197 | +€19,795 | +63.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €28,902 | €48,697 | +€19,795 | +68.5% |
| Distributable reserves | 133 | €28,902 | €48,697 | +€19,795 | +68.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €80,959 | €59,447 | -€21,511 | -26.6% |
| Amounts payable after more than one year | 17 | €51,150 | €34,194 | -€16,956 | -33.1% |
| Financial debts | 170/4 | €51,150 | €34,194 | -€16,956 | -33.1% |
| Amounts payable within one year | 42/48 | €29,809 | €25,253 | -€4,556 | -15.3% |
| Current portion of amounts payable after more than one year | 42 | €16,376 | €16,956 | +€580 | +3.5% |
| Trade debts | 44 | €4,247 | €4,431 | +€184 | +4.3% |
| Suppliers | 440/4 | €4,247 | €4,431 | +€184 | +4.3% |
| Taxes, remuneration and social security | 45 | €6,743 | €876 | -€5,867 | -87.0% |
| Taxes | 450/3 | €6,743 | €876 | -€5,867 | -87.0% |
| Other amounts payable | 47/48 | €2,443 | €2,991 | +€548 | +22.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,150 | €19,962 | +€813 | +4.2% |
| Other operating charges | 640/8 | €635 | €941 | +€307 | +48.3% |
| Gross operating margin | 9900 | €58,605 | €48,400 | -€10,205 | -17.4% |
| Operating profit (loss) | 9901 | €38,820 | €27,496 | -€11,324 | -29.2% |
| Financial charges | 65/66B | €2,766 | €2,207 | -€558 | -20.2% |
| Recurring financial charges | 65 | €2,766 | €2,207 | -€558 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €36,055 | €25,289 | -€10,766 | -29.9% |
| Income taxes | 67/77 | €7,987 | €5,494 | -€2,493 | -31.2% |
| Profit (loss) for the period | 9904 | €28,068 | €19,795 | -€8,272 | -29.5% |
| Profit (loss) for the period to be appropriated | 9905 | €28,068 | €19,795 | -€8,272 | -29.5% |
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 13 October 2026 via checked.be.