PERAM: 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.
PERAM
Largest movements
- Receivables within one year +€1.3m
up €1.3m (+267%), from €473,182 to €1.7m
of which Trade receivables: +€1.3m
- Cash -€56,803
down €56,803 (-58.1%), from €97,789 to €40,986
mainly Receivables within one year (-€1.3m) and Smaller working-capital items (-€1,037)
- Trade debts +€1.0m
up €1.0m (+425%), from €235,383 to €1.2m
- Tax, wage and social debts +€146,627
up €146,627 (+178%), from €82,378 to €229,005
of which Taxes: +€96,031
- Reserves +€61,647
up €61,647 (+27.8%), from €221,909 to €283,556
- Staff costs +€287,677
new in 2025: €287,677
- Gross operating margin +€123,827
up €123,827 (+47.8%), from €258,881 to €382,708
- Taxes -€48,828
down €48,828 (-60.1%), from €81,235 to €32,407
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 | €570,971 | €1,780,361 | +€1.2m | +212% |
| Current assets | 29/58 | €570,971 | €1,780,361 | +€1.2m | +212% |
| Amounts receivable within one year | 40/41 | €473,182 | €1,738,339 | +€1.3m | +267% |
| Trade receivables | 40 | €464,088 | €1,715,536 | +€1.3m | +270% |
| Other amounts receivable | 41 | €9,094 | €22,803 | +€13,709 | +151% |
| Cash at bank and in hand | 54/58 | €97,789 | €40,986 | -€56,803 | -58.1% |
| Deferred charges and accrued income | 490/1 | - | €1,036 | +€1,036 | |
| Total equity and liabilities | 10/49 | €570,971 | €1,780,361 | +€1.2m | +212% |
| Equity | 10/15 | €251,909 | €313,556 | +€61,647 | +24.5% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €221,909 | €283,556 | +€61,647 | +27.8% |
| Distributable reserves | 133 | €221,909 | €283,556 | +€61,647 | +27.8% |
| Amounts payable | 17/49 | €319,062 | €1,466,805 | +€1.1m | +360% |
| Amounts payable within one year | 42/48 | €319,062 | €1,466,805 | +€1.1m | +360% |
| Trade debts | 44 | €235,383 | €1,236,500 | +€1.0m | +425% |
| Suppliers | 440/4 | €235,383 | €1,236,500 | +€1.0m | +425% |
| Taxes, remuneration and social security | 45 | €82,378 | €229,005 | +€146,627 | +178% |
| Taxes | 450/3 | €82,378 | €178,409 | +€96,031 | +117% |
| Remuneration and social security | 454/9 | - | €50,596 | +€50,596 | |
| Other amounts payable | 47/48 | €1,301 | €1,300 | -€1 | -0.1% |
| Remuneration, social security and pensions | 62 | - | €287,677 | +€287,677 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €237 | - | -€237 | |
| Other operating charges | 640/8 | €617 | €637 | +€20 | +3.2% |
| Gross operating margin | 9900 | €258,881 | €382,708 | +€123,827 | +47.8% |
| Operating profit (loss) | 9901 | €258,027 | €94,394 | -€163,633 | -63.4% |
| Financial charges | 65/66B | €266 | €340 | +€74 | +27.8% |
| Recurring financial charges | 65 | €266 | €340 | +€74 | +27.8% |
| Non-recurring financial charges | 66B | - | €340 | +€340 | |
| Profit (loss) for the period before taxes | 9903 | €257,761 | €94,054 | -€163,707 | -63.5% |
| Income taxes | 67/77 | €81,235 | €32,407 | -€48,828 | -60.1% |
| Profit (loss) for the period | 9904 | €176,526 | €61,647 | -€114,879 | -65.1% |
| Profit (loss) for the period to be appropriated | 9905 | €176,526 | €61,647 | -€114,879 | -65.1% |
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 26 October 2026 via checked.be.