PERF MANAGEMENT: 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.
PERF MANAGEMENT
Largest movements
- Cash +€54,828
up €54,828 (+6.8%), from €810,522 to €865,350
mainly Net result for the year (+€110,490) and Receivables within one year (+€39,203)
- Receivables within one year -€39,203
down €39,203 (-14.5%), from €271,289 to €232,087
of which Trade receivables: -€46,635
- Profit (loss) carried forward +€110,490
up €110,490 (+14.2%), from €775,475 to €885,965
- Debts after one year -€89,937
down €89,937 (-8.6%), from €1.0m to €957,265
- Gross operating margin -€128,041
down €128,041 (-16.8%), from €761,356 to €633,315
- Taxes -€47,126
down €47,126 (-52.5%), from €89,734 to €42,609
- Staff costs +€16,689
up €16,689 (+3.8%), from €433,835 to €450,524
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 | €2,644,089 | €2,669,812 | +€25,723 | +1.0% |
| Fixed assets | 21/28 | €1,558,364 | €1,566,294 | +€7,930 | +0.5% |
| Tangible fixed assets | 22/27 | €38,364 | €46,294 | +€7,930 | +20.7% |
| Furniture and vehicles | 24 | €13,636 | €26,231 | +€12,595 | +92.4% |
| Other tangible fixed assets | 26 | €24,728 | €20,063 | -€4,665 | -18.9% |
| Financial fixed assets | 28 | €1,520,000 | €1,520,000 | = | 0.0% |
| Current assets | 29/58 | €1,085,725 | €1,103,518 | +€17,793 | +1.6% |
| Amounts receivable within one year | 40/41 | €271,289 | €232,087 | -€39,203 | -14.5% |
| Trade receivables | 40 | €270,774 | €224,138 | -€46,635 | -17.2% |
| Other amounts receivable | 41 | €515 | €7,948 | +€7,433 | +1,442% |
| Cash at bank and in hand | 54/58 | €810,522 | €865,350 | +€54,828 | +6.8% |
| Deferred charges and accrued income | 490/1 | €3,914 | €6,081 | +€2,167 | +55.4% |
| Total equity and liabilities | 10/49 | €2,644,089 | €2,669,812 | +€25,723 | +1.0% |
| Equity | 10/15 | €775,476 | €885,966 | +€110,490 | +14.2% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | €775,475 | €885,965 | +€110,490 | +14.2% |
| Amounts payable | 17/49 | €1,868,613 | €1,783,846 | -€84,767 | -4.5% |
| Amounts payable after more than one year | 17 | €1,047,202 | €957,265 | -€89,937 | -8.6% |
| Financial debts | 170/4 | €1,047,202 | €957,265 | -€89,937 | -8.6% |
| Amounts payable within one year | 42/48 | €821,411 | €826,580 | +€5,170 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €88,931 | €89,937 | +€1,006 | +1.1% |
| Trade debts | 44 | €19,741 | €20,696 | +€956 | +4.8% |
| Suppliers | 440/4 | €19,741 | €20,696 | +€956 | +4.8% |
| Taxes, remuneration and social security | 45 | €107,718 | €107,621 | -€97 | -0.1% |
| Taxes | 450/3 | €50,469 | €37,530 | -€12,939 | -25.6% |
| Remuneration and social security | 454/9 | €57,249 | €70,091 | +€12,842 | +22.4% |
| Other amounts payable | 47/48 | €605,021 | €608,326 | +€3,305 | +0.5% |
| Remuneration, social security and pensions | 62 | €433,835 | €450,524 | +€16,689 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,869 | €12,850 | +€3,981 | +44.9% |
| Other operating charges | 640/8 | €1,727 | €1,733 | +€6 | +0.3% |
| Gross operating margin | 9900 | €761,356 | €633,315 | -€128,041 | -16.8% |
| Operating profit (loss) | 9901 | €316,925 | €168,209 | -€148,717 | -46.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €16,652 | €15,110 | -€1,541 | -9.3% |
| Recurring financial charges | 65 | €16,652 | €15,110 | -€1,541 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €300,274 | €153,098 | -€147,175 | -49.0% |
| Income taxes | 67/77 | €89,734 | €42,609 | -€47,126 | -52.5% |
| Profit (loss) for the period | 9904 | €210,539 | €110,490 | -€100,050 | -47.5% |
| Profit (loss) for the period to be appropriated | 9905 | €210,539 | €110,490 | -€100,050 | -47.5% |
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 24 October 2026 via checked.be.