PERDAEN-D'HOOGHE: 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.
PERDAEN-D'HOOGHE
Largest movements
- Cash +€2.4m
up €2.4m (+726%), from €324,550 to €2.7m
mainly Receivables within one year (+€1.4m) and Deferred charges and accrued income (+€1.1m)
- Receivables within one year -€1.4m
down €1.4m (-50.4%), from €2.9m to €1.4m
of which Trade receivables: -€1.5m
- Deferred charges and accrued income -€1.1m
down €1.1m (-79.8%), from €1.3m to €271,058
- Stocks and contracts -€575,220
down €575,220 (-22.3%), from €2.6m to €2.0m
of which Contracts in progress: -€575,220
- Tangible fixed assets +€191,827
up €191,827 (+13.7%), from €1.4m to €1.6m
of which Plant, machinery and equipment: +€302,630
- Tax, wage and social debts -€322,622
down €322,622 (-73.4%), from €439,637 to €117,015
of which Taxes: -€246,380
- Profit (loss) carried forward -€293,518
down €293,518 (-5.1%), from €5.7m to €5.5m
- Trade debts -€273,886
down €273,886 (-32.1%), from €852,261 to €578,374
- Debts after one year +€176,736
up €176,736 (+47.6%), from €371,555 to €548,291
- Financial income +€799,936
up €799,936 (+266,565%), from €300 to €800,236
of which Non-recurring financial income: +€800,000
- Gross operating margin -€553,034
down €553,034 (-28.4%), from €1.9m to €1.4m
- Staff costs +€52,308
up €52,308 (+3.2%), from €1.6m to €1.7m
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 | €8,865,224 | €8,309,310 | -€555,915 | -6.3% |
| Fixed assets | 21/28 | €1,738,696 | €1,920,150 | +€181,454 | +10.4% |
| Intangible fixed assets | 21 | €25,562 | €15,189 | -€10,373 | -40.6% |
| Tangible fixed assets | 22/27 | €1,402,145 | €1,593,972 | +€191,827 | +13.7% |
| Plant, machinery and equipment | 23 | €173,728 | €476,357 | +€302,630 | +174% |
| Furniture and vehicles | 24 | €8,497 | €4,490 | -€4,007 | -47.2% |
| Leasing and similar rights | 25 | €835,985 | €798,106 | -€37,879 | -4.5% |
| Other tangible fixed assets | 26 | €383,935 | €315,019 | -€68,917 | -18.0% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €310,990 | €310,990 | = | 0.0% |
| Current assets | 29/58 | €7,126,528 | €6,389,159 | -€737,369 | -10.3% |
| Stocks and contracts in progress | 3 | €2,585,115 | €2,009,895 | -€575,220 | -22.3% |
| Stocks | 30/36 | €31,265 | €31,265 | = | 0.0% |
| Contracts in progress | 37 | €2,553,850 | €1,978,630 | -€575,220 | -22.5% |
| Amounts receivable within one year | 40/41 | €2,874,864 | €1,425,898 | -€1.4m | -50.4% |
| Trade receivables | 40 | €2,790,682 | €1,305,241 | -€1.5m | -53.2% |
| Other amounts receivable | 41 | €84,182 | €120,657 | +€36,475 | +43.3% |
| Cash at bank and in hand | 54/58 | €324,550 | €2,682,309 | +€2.4m | +726% |
| Deferred charges and accrued income | 490/1 | €1,341,999 | €271,058 | -€1.1m | -79.8% |
| Total equity and liabilities | 10/49 | €8,865,224 | €8,309,310 | -€555,915 | -6.3% |
| Equity | 10/15 | €5,770,155 | €5,476,637 | -€293,518 | -5.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,748,155 | €5,454,637 | -€293,518 | -5.1% |
| Amounts payable | 17/49 | €3,095,070 | €2,832,673 | -€262,397 | -8.5% |
| Amounts payable after more than one year | 17 | €371,555 | €548,291 | +€176,736 | +47.6% |
| Financial debts | 170/4 | €371,555 | €548,291 | +€176,736 | +47.6% |
| Amounts payable within one year | 42/48 | €2,722,430 | €2,283,173 | -€439,257 | -16.1% |
| Current portion of amounts payable after more than one year | 42 | €86,045 | €163,014 | +€76,969 | +89.5% |
| Trade debts | 44 | €852,261 | €578,374 | -€273,886 | -32.1% |
| Suppliers | 440/4 | €852,261 | €578,374 | -€273,886 | -32.1% |
| Advances received on contracts in progress | 46 | €1,344,488 | €1,424,770 | +€80,282 | +6.0% |
| Taxes, remuneration and social security | 45 | €439,637 | €117,015 | -€322,622 | -73.4% |
| Taxes | 450/3 | €246,381 | €1 | -€246,380 | -100.0% |
| Remuneration and social security | 454/9 | €193,257 | €117,014 | -€76,243 | -39.5% |
| Accrued charges and deferred income | 492/3 | €1,085 | €1,210 | +€125 | +11.5% |
| Non-recurring operating income | 76A | - | €35,500 | +€35,500 | |
| Remuneration, social security and pensions | 62 | €1,614,007 | €1,666,315 | +€52,308 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €195,471 | €211,903 | +€16,433 | +8.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €83,864 | €86,746 | +€2,882 | +3.4% |
| Gross operating margin | 9900 | €1,947,491 | €1,394,456 | -€553,034 | -28.4% |
| Operating profit (loss) | 9901 | €54,149 | -€570,507 | -€624,657 | |
| Financial income | 75/76B | €300 | €800,236 | +€799,936 | +266,565% |
| Recurring financial income | 75 | €300 | €236 | -€64 | -21.3% |
| Non-recurring financial income | 76B | - | €800,000 | +€800,000 | |
| Financial charges | 65/66B | €31,924 | €24,801 | -€7,123 | -22.3% |
| Recurring financial charges | 65 | €31,924 | €24,801 | -€7,123 | -22.3% |
| Profit (loss) for the period before taxes | 9903 | €22,525 | €204,928 | +€182,403 | +810% |
| Income taxes | 67/77 | €14,652 | -€1,554 | -€16,207 | |
| Profit (loss) for the period | 9904 | €7,873 | €206,482 | +€198,609 | +2,523% |
| Profit (loss) for the period to be appropriated | 9905 | €7,873 | €206,482 | +€198,609 | +2,523% |
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 16 October 2026 via checked.be.