PERFECT-ID: 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-ID
Largest movements
- Intangible fixed assets +€2.6m
up €2.6m (+343%), from €755,550 to €3.3m
- Tangible fixed assets +€606,790
up €606,790 (+823%), from €73,701 to €680,491
of which Plant, machinery and equipment: +€607,361
- Stocks and contracts +€324,410
up €324,410 (+148%), from €219,286 to €543,696
of which Contracts in progress: +€167,516
- Receivables within one year +€197,685
up €197,685 (+274%), from €72,208 to €269,893
of which Trade receivables: +€144,743
- Cash -€171,003
down €171,003 (-27.7%), from €616,739 to €445,736
mainly Investment in fixed assets (net) (-€3.5m) and Net result for the year (-€712,556)
- Contributions +€3.2m
up €3.2m (+156%), from €2.1m to €5.3m
- Profit (loss) carried forward -€712,556
down €712,556 (-78.7%), from -€905,208 to -€1.6m
- Debts after one year +€529,761
up €529,761 (+191%), from €277,176 to €806,937
of which Trade debts: +€310,781
- Short-term financial debts +€352,465
up €352,465 (+1,206%), from €29,216 to €381,681
- Other debts +€130,559
up €130,559 (+332%), from €39,266 to €169,825
- Staff costs +€225,584
up €225,584 (+77.8%), from €289,900 to €515,484
- Gross operating margin +€128,698
up €128,698, from -€6,412 to €122,286
- Depreciation +€118,794
up €118,794 (+70.5%), from €168,608 to €287,402
- Other operating charges -€8,798
down €8,798 (-83.5%), from €10,539 to €1,741
- Financial charges +€6,057
up €6,057 (+26.6%), from €22,774 to €28,831
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 | €1,804,823 | €5,521,790 | +€3.7m | +206% |
| Fixed assets | 21/28 | €838,401 | €4,038,197 | +€3.2m | +382% |
| Intangible fixed assets | 21 | €755,550 | €3,348,556 | +€2.6m | +343% |
| Tangible fixed assets | 22/27 | €73,701 | €680,491 | +€606,790 | +823% |
| Plant, machinery and equipment | 23 | €27,831 | €635,192 | +€607,361 | +2,182% |
| Furniture and vehicles | 24 | €45,870 | €45,299 | -€572 | -1.2% |
| Financial fixed assets | 28 | €9,150 | €9,150 | = | 0.0% |
| Current assets | 29/58 | €966,421 | €1,483,593 | +€517,172 | +53.5% |
| Stocks and contracts in progress | 3 | €219,286 | €543,696 | +€324,410 | +148% |
| Stocks | 30/36 | €171,786 | €328,680 | +€156,894 | +91.3% |
| Contracts in progress | 37 | €47,500 | €215,016 | +€167,516 | +353% |
| Amounts receivable within one year | 40/41 | €72,208 | €269,893 | +€197,685 | +274% |
| Trade receivables | 40 | €39,514 | €184,257 | +€144,743 | +366% |
| Other amounts receivable | 41 | €32,694 | €85,636 | +€52,942 | +162% |
| Cash at bank and in hand | 54/58 | €616,739 | €445,736 | -€171,003 | -27.7% |
| Deferred charges and accrued income | 490/1 | €58,188 | €224,269 | +€166,080 | +285% |
| Total equity and liabilities | 10/49 | €1,804,823 | €5,521,790 | +€3.7m | +206% |
| Equity | 10/15 | €1,149,597 | €3,636,271 | +€2.5m | +216% |
| Contributions | 10/11 | €2,054,804 | €5,254,035 | +€3.2m | +156% |
| Capital | 10 | €2,054,804 | €5,254,035 | +€3.2m | +156% |
| Issued capital | 100 | €2,054,804 | €5,310,013 | +€3.3m | +158% |
| Uncalled capital | 101 | - | €55,978 | +€55,978 | |
| Profit (loss) carried forward | 14 | -€905,208 | -€1,617,764 | -€712,556 | -78.7% |
| Amounts payable | 17/49 | €655,226 | €1,885,519 | +€1.2m | +188% |
| Amounts payable after more than one year | 17 | €277,176 | €806,937 | +€529,761 | +191% |
| Financial debts | 170/4 | €277,176 | €496,156 | +€218,980 | +79.0% |
| Trade debts | 175 | - | €310,781 | +€310,781 | |
| Amounts payable within one year | 42/48 | €357,140 | €1,048,005 | +€690,865 | +193% |
| Current portion of amounts payable after more than one year | 42 | €97,118 | €210,653 | +€113,535 | +117% |
| Financial debts | 43 | €29,216 | €381,681 | +€352,465 | +1,206% |
| Credit institutions | 430/8 | €29,216 | €381,681 | +€352,465 | +1,206% |
| Trade debts | 44 | €155,402 | €150,784 | -€4,618 | -3.0% |
| Suppliers | 440/4 | €155,402 | €150,784 | -€4,618 | -3.0% |
| Taxes, remuneration and social security | 45 | €36,138 | €135,062 | +€98,924 | +274% |
| Taxes | 450/3 | €1,240 | €14,206 | +€12,965 | +1,045% |
| Remuneration and social security | 454/9 | €34,897 | €120,856 | +€85,959 | +246% |
| Other amounts payable | 47/48 | €39,266 | €169,825 | +€130,559 | +332% |
| Accrued charges and deferred income | 492/3 | €20,910 | €30,578 | +€9,667 | +46.2% |
| Remuneration, social security and pensions | 62 | €289,900 | €515,484 | +€225,584 | +77.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €168,608 | €287,402 | +€118,794 | +70.5% |
| Other operating charges | 640/8 | €10,539 | €1,741 | -€8,798 | -83.5% |
| Gross operating margin | 9900 | -€6,412 | €122,286 | +€128,698 | |
| Operating profit (loss) | 9901 | -€475,459 | -€682,340 | -€206,881 | -43.5% |
| Financial income | 75/76B | €6,913 | €1,115 | -€5,798 | -83.9% |
| Recurring financial income | 75 | €6,913 | €1,115 | -€5,798 | -83.9% |
| Financial charges | 65/66B | €22,774 | €28,831 | +€6,057 | +26.6% |
| Recurring financial charges | 65 | €22,774 | €28,831 | +€6,057 | +26.6% |
| Profit (loss) for the period before taxes | 9903 | -€491,319 | -€710,056 | -€218,736 | -44.5% |
| Income taxes | 67/77 | €659 | €2,500 | +€1,841 | +279% |
| Profit (loss) for the period | 9904 | -€491,978 | -€712,556 | -€220,577 | -44.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€491,978 | -€712,556 | -€220,577 | -44.8% |
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 13 October 2026 via checked.be.