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
- Receivables within one year -€202,994
down €202,994 (-54.0%), from €375,631 to €172,637
of which Trade receivables: -€175,470
- Cash +€43,784
up €43,784 (+68.0%), from €64,390 to €108,174
mainly Receivables within one year (+€202,994) and Depreciation (+€5,723)
- Deferred charges and accrued income +€28,798
up €28,798 (+744.5%), from €3,868 to €32,666
- Tangible fixed assets -€5,723
down €5,723 (-77.3%), from €7,403 to €1,681
of which Furniture and vehicles: -€4,908
- Trade debts -€77,933
down €77,933 (-33.5%), from €232,295 to €154,362
- Other debts -€29,396
down €29,396 (-97.9%), from €30,015 to €620
- Short-term financial debts -€23,138
down €23,138 (-30.7%), from €75,483 to €52,345
- Reserves -€4,784
down €4,784 (-14.8%), from €32,238 to €27,455
- Gross operating margin -€23,169
down €23,169 (-16.0%), from €145,044 to €121,876
- Taxes -€6,384
down €6,384 (-86.6%), from €7,368 to €984
- Staff costs +€1,955
up €1,955 (+1.7%), from €113,145 to €115,100
- Depreciation -€1,867
down €1,867 (-24.6%), from €7,590 to €5,723
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 | €451,292 | €315,157 | -€136,135 | -30.2% |
| Fixed assets | 21/28 | €7,403 | €1,681 | -€5,723 | -77.3% |
| Tangible fixed assets | 22/27 | €7,403 | €1,681 | -€5,723 | -77.3% |
| Furniture and vehicles | 24 | €4,908 | €0 | -€4,908 | -100.0% |
| Other tangible fixed assets | 26 | €2,496 | €1,681 | -€815 | -32.7% |
| Current assets | 29/58 | €443,889 | €313,477 | -€130,412 | -29.4% |
| Amounts receivable within one year | 40/41 | €375,631 | €172,637 | -€202,994 | -54.0% |
| Trade receivables | 40 | €263,964 | €88,494 | -€175,470 | -66.5% |
| Other amounts receivable | 41 | €111,667 | €84,143 | -€27,524 | -24.6% |
| Cash at bank and in hand | 54/58 | €64,390 | €108,174 | +€43,784 | +68.0% |
| Deferred charges and accrued income | 490/1 | €3,868 | €32,666 | +€28,798 | +744.5% |
| Total equity and liabilities | 10/49 | €451,292 | €315,157 | -€136,135 | -30.2% |
| Equity | 10/15 | €52,698 | €47,915 | -€4,784 | -9.1% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €32,238 | €27,455 | -€4,784 | -14.8% |
| Distributable reserves | 133 | €32,238 | €27,455 | -€4,784 | -14.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €398,593 | €267,243 | -€131,351 | -33.0% |
| Amounts payable within one year | 42/48 | €398,593 | €267,243 | -€131,351 | -33.0% |
| Financial debts | 43 | €75,483 | €52,345 | -€23,138 | -30.7% |
| Credit institutions | 430/8 | €75,483 | €52,345 | -€23,138 | -30.7% |
| Trade debts | 44 | €232,295 | €154,362 | -€77,933 | -33.5% |
| Suppliers | 440/4 | €232,295 | €154,362 | -€77,933 | -33.5% |
| Taxes, remuneration and social security | 45 | €60,800 | €59,916 | -€884 | -1.5% |
| Taxes | 450/3 | €40,016 | €36,080 | -€3,936 | -9.8% |
| Remuneration and social security | 454/9 | €20,784 | €23,836 | +€3,052 | +14.7% |
| Other amounts payable | 47/48 | €30,015 | €620 | -€29,396 | -97.9% |
| Remuneration, social security and pensions | 62 | €113,145 | €115,100 | +€1,955 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,590 | €5,723 | -€1,867 | -24.6% |
| Other operating charges | 640/8 | €1,141 | €1,008 | -€133 | -11.6% |
| Gross operating margin | 9900 | €145,044 | €121,876 | -€23,169 | -16.0% |
| Operating profit (loss) | 9901 | €23,169 | €45 | -€23,124 | -99.8% |
| Financial income | 75/76B | €1,265 | €1,002 | -€263 | -20.8% |
| Recurring financial income | 75 | €1,265 | €1,002 | -€263 | -20.8% |
| Financial charges | 65/66B | €3,438 | €4,847 | +€1,408 | +41.0% |
| Recurring financial charges | 65 | €3,438 | €4,847 | +€1,408 | +41.0% |
| Profit (loss) for the period before taxes | 9903 | €20,995 | -€3,800 | -€24,795 | |
| Income taxes | 67/77 | €7,368 | €984 | -€6,384 | -86.6% |
| Profit (loss) for the period | 9904 | €13,628 | -€4,784 | -€18,411 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,628 | -€4,784 | -€18,411 |
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 10 October 2026 via checked.be.