PERENNE: 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.
PERENNE
Largest movements
- Current investments -€2.7m
down €2.7m (-39.7%), from €6.7m to €4.1m
- Financial fixed assets -€1.5m
down €1.5m (-12.3%), from €11.8m to €10.4m
- Profit (loss) carried forward -€2.6m
down €2.6m (-6.2%), from -€41.1m to -€43.6m
- Short-term financial debts -€1.7m
down €1.7m (-89.5%), from €1.9m to €200,000
- Financial charges +€2.6m
up €2.6m (+2985.9%), from €87,689 to €2.7m
of which Non-recurring financial charges: +€1.5m
- Financial income -€1.3m
down €1.3m (-89.2%), from €1.5m to €159,209
of which Non-recurring financial income: -€1.2m
- Gross operating margin -€1,884
down €1,884 (-34.8%), from -€5,412 to -€7,296
- Other operating charges -€1,863
down €1,863 (-34.1%), from €5,460 to €3,596
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 | €19,135,586 | €14,879,141 | -€4.3m | -22.2% |
| Fixed assets | 21/28 | €11,819,312 | €10,359,843 | -€1.5m | -12.3% |
| Financial fixed assets | 28 | €11,819,312 | €10,359,843 | -€1.5m | -12.3% |
| Current assets | 29/58 | €7,316,274 | €4,519,298 | -€2.8m | -38.2% |
| Amounts receivable within one year | 40/41 | €38,606 | €36,588 | -€2,018 | -5.2% |
| Other amounts receivable | 41 | €38,606 | €36,588 | -€2,018 | -5.2% |
| Current investments | 50/53 | €6,738,230 | €4,062,764 | -€2.7m | -39.7% |
| Cash at bank and in hand | 54/58 | €539,437 | €419,946 | -€119,491 | -22.2% |
| Total equity and liabilities | 10/49 | €19,135,586 | €14,879,141 | -€4.3m | -22.2% |
| Equity | 10/15 | €9,345,259 | €6,787,565 | -€2.6m | -27.4% |
| Contributions | 10/11 | €46,562,623 | €46,562,623 | = | 0.0% |
| Reserves | 13 | €3,864,537 | €3,864,537 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,864,537 | €3,864,537 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,864,537 | €3,864,537 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,081,901 | -€43,639,595 | -€2.6m | -6.2% |
| Amounts payable | 17/49 | €9,790,327 | €8,091,576 | -€1.7m | -17.4% |
| Amounts payable within one year | 42/48 | €9,790,327 | €8,091,576 | -€1.7m | -17.4% |
| Financial debts | 43 | €1,900,000 | €200,000 | -€1.7m | -89.5% |
| Credit institutions | 430/8 | €1,900,000 | €200,000 | -€1.7m | -89.5% |
| Trade debts | 44 | €1,116 | €2,365 | +€1,249 | +112.0% |
| Suppliers | 440/4 | €1,116 | €2,365 | +€1,249 | +112.0% |
| Other amounts payable | 47/48 | €7,889,211 | €7,889,211 | = | 0.0% |
| Other operating charges | 640/8 | €5,460 | €3,596 | -€1,863 | -34.1% |
| Gross operating margin | 9900 | -€5,412 | -€7,296 | -€1,884 | -34.8% |
| Operating profit (loss) | 9901 | -€10,872 | -€10,892 | -€20 | -0.2% |
| Financial income | 75/76B | €1,478,037 | €159,209 | -€1.3m | -89.2% |
| Recurring financial income | 75 | €319,980 | €159,209 | -€160,771 | -50.2% |
| Non-recurring financial income | 76B | €1,158,057 | €0 | -€1.2m | -100.0% |
| Financial charges | 65/66B | €87,689 | €2,706,011 | +€2.6m | +2985.9% |
| Recurring financial charges | 65 | €87,689 | €1,246,543 | +€1.2m | +1321.5% |
| Non-recurring financial charges | 66B | - | €1,459,469 | +€1.5m | |
| Profit (loss) for the period before taxes | 9903 | €1,379,476 | -€2,557,694 | -€3.9m | |
| Profit (loss) for the period | 9904 | €1,379,476 | -€2,557,694 | -€3.9m | |
| Profit (loss) for the period to be appropriated | 9905 | €1,379,476 | -€2,557,694 | -€3.9m |
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.