Per4mance: 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.
Per4mance
Largest movements
- Cash +€50,314
up €50,314 (+25.9%), from €194,511 to €244,825
mainly Net result for the year (+€74,638) and Short-term financial debts (+€6,771)
- Receivables within one year +€13,440
up €13,440 (+203.1%), from €6,619 to €20,059
of which Other amounts receivable: +€20,059
- Tangible fixed assets +€4,988
up €4,988 (+11.8%), from €42,142 to €47,130
of which Land and buildings: +€3,342
- Reserves +€74,638
up €74,638 (+45.0%), from €165,684 to €240,322
of which Distributable reserves: +€74,638
- Tax, wage and social debts -€13,442
down €13,442 (-100.0%), from €13,442 to €0
- Short-term financial debts +€6,771
new in 2025: €6,771
- Gross operating margin -€15,182
down €15,182 (-12.3%), from €123,050 to €107,868
- Taxes -€4,158
down €4,158 (-14.3%), from €29,099 to €24,941
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 | €247,677 | €316,452 | +€68,775 | +27.8% |
| Fixed assets | 21/28 | €42,142 | €47,130 | +€4,988 | +11.8% |
| Tangible fixed assets | 22/27 | €42,142 | €47,130 | +€4,988 | +11.8% |
| Land and buildings | 22 | €42,142 | €45,484 | +€3,342 | +7.9% |
| Furniture and vehicles | 24 | - | €1,646 | +€1,646 | |
| Current assets | 29/58 | €205,535 | €269,322 | +€63,787 | +31.0% |
| Amounts receivable within one year | 40/41 | €6,619 | €20,059 | +€13,440 | +203.1% |
| Trade receivables | 40 | €6,619 | €0 | -€6,619 | -100.0% |
| Other amounts receivable | 41 | €0 | €20,059 | +€20,059 | |
| Cash at bank and in hand | 54/58 | €194,511 | €244,825 | +€50,314 | +25.9% |
| Deferred charges and accrued income | 490/1 | €4,405 | €4,439 | +€33 | +0.8% |
| Total equity and liabilities | 10/49 | €247,677 | €316,452 | +€68,775 | +27.8% |
| Equity | 10/15 | €227,684 | €302,322 | +€74,638 | +32.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €165,684 | €240,322 | +€74,638 | +45.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €159,484 | €234,122 | +€74,638 | +46.8% |
| Amounts payable | 17/49 | €19,993 | €14,130 | -€5,863 | -29.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €19,993 | €14,130 | -€5,863 | -29.3% |
| Financial debts | 43 | - | €6,771 | +€6,771 | |
| Credit institutions | 430/8 | - | €6,771 | +€6,771 | |
| Trade debts | 44 | €5,590 | €5,439 | -€152 | -2.7% |
| Suppliers | 440/4 | €5,590 | €5,439 | -€152 | -2.7% |
| Taxes, remuneration and social security | 45 | €13,442 | €0 | -€13,442 | -100.0% |
| Taxes | 450/3 | €13,442 | €0 | -€13,442 | -100.0% |
| Other amounts payable | 47/48 | €960 | €1,920 | +€960 | +100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €211 | +€211 | |
| Other operating charges | 640/8 | €7,124 | €7,346 | +€222 | +3.1% |
| Gross operating margin | 9900 | €123,050 | €107,868 | -€15,182 | -12.3% |
| Operating profit (loss) | 9901 | €115,926 | €100,310 | -€15,615 | -13.5% |
| Financial charges | 65/66B | €519 | €731 | +€212 | +40.8% |
| Recurring financial charges | 65 | €519 | €731 | +€212 | +40.8% |
| Profit (loss) for the period before taxes | 9903 | €115,407 | €99,580 | -€15,827 | -13.7% |
| Income taxes | 67/77 | €29,099 | €24,941 | -€4,158 | -14.3% |
| Profit (loss) for the period | 9904 | €86,308 | €74,638 | -€11,669 | -13.5% |
| Profit (loss) for the period to be appropriated | 9905 | €86,308 | €74,638 | -€11,669 | -13.5% |
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 4 October 2026 via checked.be.