I PERFECT: what changed
Two fiscal 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.
I PERFECT
Largest movements
- Receivables within one year -€31,697
down €31,697 (-46.0%), from €68,837 to €37,140
of which Trade receivables: -€23,100
- Cash +€9,092
up €9,092 (+37.4%), from €24,301 to €33,393
mainly Receivables within one year (+€31,697) and Tax, wage and social debts (+€24,018)
- Tangible fixed assets -€2,926
down €2,926 (-38.2%), from €7,655 to €4,729
of which Plant, machinery and equipment: -€2,671
- Profit (loss) carried forward -€35,269
down €35,269, from €11,195 to -€24,074
- Tax, wage and social debts +€24,018
up €24,018 (+95.1%), from €25,254 to €49,273
of which Taxes: +€13,544
- Trade debts -€12,344
down €12,344 (-24.4%), from €50,662 to €38,319
- Current portion of long-term debt -€2,064
down €2,064 (-92.2%), from €2,238 to €174
- Purchases and services -€463,657
no longer reported in 2025 (was €463,657)
- Gross operating margin -€66,697
down €66,697 (-43.8%), from €152,178 to €85,482
- Staff costs +€32,155
up €32,155 (+44.5%), from €72,183 to €104,338
- Taxes -€15,834
no longer reported in 2025 (was €15,834)
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 | €111,350 | €85,691 | -€25,658 | -23.0% |
| Fixed assets | 21/28 | €10,255 | €7,329 | -€2,926 | -28.5% |
| Tangible fixed assets | 22/27 | €7,655 | €4,729 | -€2,926 | -38.2% |
| Land and buildings | 22 | €1,676 | €1,573 | -€103 | -6.1% |
| Plant, machinery and equipment | 23 | €5,801 | €3,130 | -€2,671 | -46.0% |
| Furniture and vehicles | 24 | €178 | €25 | -€152 | -85.7% |
| Financial fixed assets | 28 | €2,600 | €2,600 | = | 0.0% |
| Current assets | 29/58 | €101,094 | €78,363 | -€22,732 | -22.5% |
| Stocks and contracts in progress | 3 | €7,830 | €7,830 | = | 0.0% |
| Stocks | 30/36 | €7,830 | €7,830 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €68,837 | €37,140 | -€31,697 | -46.0% |
| Trade receivables | 40 | €43,334 | €20,233 | -€23,100 | -53.3% |
| Other amounts receivable | 41 | €25,503 | €16,906 | -€8,597 | -33.7% |
| Cash at bank and in hand | 54/58 | €24,301 | €33,393 | +€9,092 | +37.4% |
| Deferred charges and accrued income | 490/1 | €127 | - | -€127 | |
| Total equity and liabilities | 10/49 | €111,350 | €85,691 | -€25,658 | -23.0% |
| Equity | 10/15 | €33,195 | -€2,074 | -€35,269 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,195 | -€24,074 | -€35,269 | |
| Amounts payable | 17/49 | €78,154 | €87,765 | +€9,611 | +12.3% |
| Amounts payable within one year | 42/48 | €78,154 | €87,765 | +€9,611 | +12.3% |
| Current portion of amounts payable after more than one year | 42 | €2,238 | €174 | -€2,064 | -92.2% |
| Trade debts | 44 | €50,662 | €38,319 | -€12,344 | -24.4% |
| Suppliers | 440/4 | €50,662 | €38,319 | -€12,344 | -24.4% |
| Taxes, remuneration and social security | 45 | €25,254 | €49,273 | +€24,018 | +95.1% |
| Taxes | 450/3 | €15,753 | €29,297 | +€13,544 | +86.0% |
| Remuneration and social security | 454/9 | €9,502 | €19,976 | +€10,474 | +110.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €463,657 | - | -€463,657 | |
| Remuneration, social security and pensions | 62 | €72,183 | €104,338 | +€32,155 | +44.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,016 | €2,926 | -€90 | -3.0% |
| Other operating charges | 640/8 | €8,608 | €7,849 | -€759 | -8.8% |
| Non-recurring operating charges | 66A | €3,817 | €1,722 | -€2,096 | -54.9% |
| Gross operating margin | 9900 | €152,178 | €85,482 | -€66,697 | -43.8% |
| Operating profit (loss) | 9901 | €64,554 | -€31,353 | -€95,907 | |
| Financial income | 75/76B | €71 | €187 | +€117 | +164.8% |
| Recurring financial income | 75 | €71 | €187 | +€117 | +164.8% |
| Financial charges | 65/66B | €2,889 | €4,104 | +€1,215 | +42.0% |
| Recurring financial charges | 65 | €2,889 | €4,104 | +€1,215 | +42.0% |
| Profit (loss) for the period before taxes | 9903 | €61,735 | -€35,269 | -€97,005 | |
| Income taxes | 67/77 | €15,834 | - | -€15,834 | |
| Profit (loss) for the period | 9904 | €45,902 | -€35,269 | -€81,171 | |
| Profit (loss) for the period to be appropriated | 9905 | €45,902 | -€35,269 | -€81,171 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.