PERFECT: 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.
PERFECT
Largest movements
- Tangible fixed assets -€79,239
down €79,239 (-74.4%), from €106,444 to €27,205
of which Other tangible fixed assets: -€70,000
- Receivables within one year -€42,315
down €42,315 (-9.9%), from €429,003 to €386,688
of which Other amounts receivable: -€183,212
- Cash -€30,472
down €30,472 (-6.7%), from €452,346 to €421,873
mainly Contributions, distributions and other (-€102,511) and Trade debts (-€44,372)
- Intangible fixed assets -€25,710
down €25,710 (-24.5%), from €104,983 to €79,273
- Deferred charges and accrued income +€21,536
up €21,536 (+1482.2%), from €1,453 to €22,989
- Reserves -€102,511
down €102,511 (-25.4%), from €402,878 to €300,367
of which Distributable reserves: -€100,651
- Trade debts -€44,372
down €44,372 (-10.1%), from €438,357 to €393,985
- Tax, wage and social debts -€37,675
down €37,675 (-47.5%), from €79,251 to €41,576
of which Remuneration and social security: -€26,956
- Profit (loss) carried forward +€23,421
up €23,421 (+28.1%), from -€83,289 to -€59,868
- Gross operating margin +€52,070
up €52,070 (+11.4%), from €457,238 to €509,308
- Staff costs -€46,486
down €46,486 (-12.2%), from €381,463 to €334,977
- Other operating charges +€13,892
up €13,892 (+64.1%), from €21,661 to €35,553
- Financial income -€8,625
down €8,625 (-54.6%), from €15,808 to €7,183
- Depreciation -€5,629
down €5,629 (-5.1%), from €110,578 to €104,949
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 | €1,179,228 | €1,023,027 | -€156,200 | -13.2% |
| Fixed assets | 21/28 | €211,426 | €106,478 | -€104,949 | -49.6% |
| Intangible fixed assets | 21 | €104,983 | €79,273 | -€25,710 | -24.5% |
| Tangible fixed assets | 22/27 | €106,444 | €27,205 | -€79,239 | -74.4% |
| Plant, machinery and equipment | 23 | €1,407 | €79 | -€1,327 | -94.4% |
| Furniture and vehicles | 24 | €14,077 | €6,166 | -€7,911 | -56.2% |
| Other tangible fixed assets | 26 | €90,960 | €20,960 | -€70,000 | -77.0% |
| Current assets | 29/58 | €967,801 | €916,550 | -€51,252 | -5.3% |
| Amounts receivable after more than one year | 29 | €85,000 | €85,000 | = | 0.0% |
| Other amounts receivable | 291 | €85,000 | €85,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €429,003 | €386,688 | -€42,315 | -9.9% |
| Trade receivables | 40 | €64,388 | €205,285 | +€140,897 | +218.8% |
| Other amounts receivable | 41 | €364,614 | €181,403 | -€183,212 | -50.2% |
| Cash at bank and in hand | 54/58 | €452,346 | €421,873 | -€30,472 | -6.7% |
| Deferred charges and accrued income | 490/1 | €1,453 | €22,989 | +€21,536 | +1482.2% |
| Total equity and liabilities | 10/49 | €1,179,228 | €1,023,027 | -€156,200 | -13.2% |
| Equity | 10/15 | €325,790 | €246,699 | -€79,090 | -24.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €402,878 | €300,367 | -€102,511 | -25.4% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €401,018 | €300,367 | -€100,651 | -25.1% |
| Profit (loss) carried forward | 14 | -€83,289 | -€59,868 | +€23,421 | +28.1% |
| Provisions and deferred taxes | 16 | €285,000 | €285,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €285,000 | €285,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €285,000 | €285,000 | = | 0.0% |
| Amounts payable | 17/49 | €568,438 | €491,328 | -€77,110 | -13.6% |
| Amounts payable within one year | 42/48 | €568,438 | €491,328 | -€77,110 | -13.6% |
| Trade debts | 44 | €438,357 | €393,985 | -€44,372 | -10.1% |
| Suppliers | 440/4 | €438,357 | €393,985 | -€44,372 | -10.1% |
| Taxes, remuneration and social security | 45 | €79,251 | €41,576 | -€37,675 | -47.5% |
| Taxes | 450/3 | €11,571 | €852 | -€10,718 | -92.6% |
| Remuneration and social security | 454/9 | €67,680 | €40,724 | -€26,956 | -39.8% |
| Other amounts payable | 47/48 | €50,830 | €55,767 | +€4,937 | +9.7% |
| Remuneration, social security and pensions | 62 | €381,463 | €334,977 | -€46,486 | -12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,578 | €104,949 | -€5,629 | -5.1% |
| Other operating charges | 640/8 | €21,661 | €35,553 | +€13,892 | +64.1% |
| Gross operating margin | 9900 | €457,238 | €509,308 | +€52,070 | +11.4% |
| Operating profit (loss) | 9901 | -€56,464 | €33,829 | +€90,293 | |
| Financial income | 75/76B | €15,808 | €7,183 | -€8,625 | -54.6% |
| Recurring financial income | 75 | €15,808 | €7,183 | -€8,625 | -54.6% |
| Financial charges | 65/66B | €12,249 | €13,461 | +€1,212 | +9.9% |
| Recurring financial charges | 65 | €8,733 | €13,453 | +€4,720 | +54.1% |
| Non-recurring financial charges | 66B | €3,516 | €8 | -€3,508 | -99.8% |
| Profit (loss) for the period before taxes | 9903 | -€52,904 | €27,552 | +€80,456 | |
| Income taxes | 67/77 | - | €4,131 | +€4,131 | |
| Profit (loss) for the period | 9904 | -€52,904 | €23,421 | +€76,325 | |
| Profit (loss) for the period to be appropriated | 9905 | -€52,904 | €23,421 | +€76,325 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.