Perfect Imperfect: 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 Imperfect
Largest movements
- Cash +€14,302
up €14,302 (+25.0%), from €57,279 to €71,581
mainly Net result for the year (+€27,758) and Depreciation (+€9,070)
- Deferred charges and accrued income +€3,916
up €3,916 (+53.2%), from €7,361 to €11,277
- Profit (loss) carried forward +€27,758
new in 2025: €27,758
- Tax, wage and social debts -€7,033
down €7,033 (-70.1%), from €10,033 to €3,000
- Debts after one year -€6,336
down €6,336 (-23.5%), from €26,908 to €20,571
- Trade debts +€1,871
up €1,871 (+232.5%), from €804 to €2,675
- Other operating charges -€13,359
down €13,359 (-93.7%), from €14,252 to €893
- Depreciation +€8,040
up €8,040 (+780.8%), from €1,030 to €9,070
- Financial charges +€1,151
up €1,151 (+93.3%), from €1,234 to €2,386
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 | €109,083 | €126,834 | +€17,751 | +16.3% |
| Fixed assets | 21/28 | €40,621 | €39,804 | -€817 | -2.0% |
| Tangible fixed assets | 22/27 | €40,621 | €39,804 | -€817 | -2.0% |
| Furniture and vehicles | 24 | €40,621 | €34,279 | -€6,343 | -15.6% |
| Other tangible fixed assets | 26 | - | €5,525 | +€5,525 | |
| Current assets | 29/58 | €68,462 | €87,030 | +€18,569 | +27.1% |
| Amounts receivable within one year | 40/41 | €3,822 | €4,173 | +€351 | +9.2% |
| Trade receivables | 40 | €1,316 | - | -€1,316 | |
| Other amounts receivable | 41 | €2,506 | €4,173 | +€1,667 | +66.5% |
| Cash at bank and in hand | 54/58 | €57,279 | €71,581 | +€14,302 | +25.0% |
| Deferred charges and accrued income | 490/1 | €7,361 | €11,277 | +€3,916 | +53.2% |
| Total equity and liabilities | 10/49 | €109,083 | €126,834 | +€17,751 | +16.3% |
| Equity | 10/15 | €50,213 | €77,971 | +€27,758 | +55.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €48,213 | €48,213 | = | 0.0% |
| Distributable reserves | 133 | €48,213 | €48,213 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €27,758 | +€27,758 | |
| Amounts payable | 17/49 | €58,870 | €48,864 | -€10,007 | -17.0% |
| Amounts payable after more than one year | 17 | €26,908 | €20,571 | -€6,336 | -23.5% |
| Financial debts | 170/4 | €26,908 | €20,571 | -€6,336 | -23.5% |
| Amounts payable within one year | 42/48 | €30,917 | €27,231 | -€3,687 | -11.9% |
| Current portion of amounts payable after more than one year | 42 | €6,092 | €6,336 | +€244 | +4.0% |
| Trade debts | 44 | €804 | €2,675 | +€1,871 | +232.5% |
| Suppliers | 440/4 | €804 | €2,675 | +€1,871 | +232.5% |
| Taxes, remuneration and social security | 45 | €10,033 | €3,000 | -€7,033 | -70.1% |
| Taxes | 450/3 | €10,033 | €3,000 | -€7,033 | -70.1% |
| Other amounts payable | 47/48 | €13,987 | €15,219 | +€1,232 | +8.8% |
| Accrued charges and deferred income | 492/3 | €1,045 | €1,062 | +€17 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,030 | €9,070 | +€8,040 | +780.8% |
| Other operating charges | 640/8 | €14,252 | €893 | -€13,359 | -93.7% |
| Non-recurring operating charges | 66A | - | €101 | +€101 | |
| Gross operating margin | 9900 | €47,793 | €47,504 | -€289 | -0.6% |
| Operating profit (loss) | 9901 | €32,511 | €37,439 | +€4,929 | +15.2% |
| Financial income | 75/76B | - | €45 | +€45 | |
| Recurring financial income | 75 | - | €45 | +€45 | |
| Financial charges | 65/66B | €1,234 | €2,386 | +€1,151 | +93.3% |
| Recurring financial charges | 65 | €1,234 | €2,386 | +€1,151 | +93.3% |
| Profit (loss) for the period before taxes | 9903 | €31,276 | €35,099 | +€3,822 | +12.2% |
| Income taxes | 67/77 | €6,894 | €7,341 | +€447 | +6.5% |
| Profit (loss) for the period | 9904 | €24,382 | €27,758 | +€3,375 | +13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €24,382 | €27,758 | +€3,375 | +13.8% |
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 10 October 2026 via checked.be.