PERFECT NET: what changed
PERFECT NET
Largest movements
- Receivables within one year -€36,180
down €36,180 (-44.9%), from €80,611 to €44,431
- Cash -€5,347
down €5,347 (-47.5%), from €11,246 to €5,899
- Debts within one year -€22,870
down €22,870 (-98.7%), from €23,175 to €305
of which Trade debts: -€17,915
- Profit (loss) carried forward -€19,179
down €19,179 (-39.6%), from €48,424 to €29,245
- Gross operating margin -€39,955
no longer reported in 2025 (was €39,955)
- Depreciation -€950
no longer reported in 2025 (was €950)
Change in the result, 2019 to 2025
The net result is not in both sets of accounts. Without it the difference cannot be explained line by line.
Derived cash bridge
A cash bridge needs two consecutive financial years. One year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2019 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €92,499 | €50,450 | -€42,049 | -45.5% |
| Fixed assets | 21/28 | €642 | €120 | -€522 | -81.3% |
| Tangible fixed assets | 22/27 | €522 | - | -€522 | |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €91,857 | €50,330 | -€41,527 | -45.2% |
| Amounts receivable within one year | 40/41 | €80,611 | €44,431 | -€36,180 | -44.9% |
| Trade receivables | 40 | - | €12,022 | +€12,022 | |
| Other amounts receivable | 41 | - | €32,409 | +€32,409 | |
| Cash at bank and in hand | 54/58 | €11,246 | €5,899 | -€5,347 | -47.5% |
| Total equity and liabilities | 10/49 | €92,499 | €50,450 | -€42,049 | -45.5% |
| Equity | 10/15 | €69,324 | €50,145 | -€19,179 | -27.7% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €1,900 | €1,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €1,900 | +€1,900 | |
| Reserves not available under the articles | 1311 | - | €1,900 | +€1,900 | |
| Profit (loss) carried forward | 14 | €48,424 | €29,245 | -€19,179 | -39.6% |
| Amounts payable | 17/49 | €23,175 | €305 | -€22,870 | -98.7% |
| Amounts payable within one year | 42/48 | €23,175 | €305 | -€22,870 | -98.7% |
| Trade debts | 44 | €17,915 | - | -€17,915 | |
| Taxes, remuneration and social security | 45 | - | €305 | +€305 | |
| Taxes | 450/3 | - | €305 | +€305 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €950 | - | -€950 | |
| Gross operating margin | 9900 | €39,955 | - | -€39,955 | |
| Operating profit (loss) | 9901 | -€5,324 | - | +€5,324 | |
| Recurring financial charges | 65 | €198 | - | -€198 | |
| Profit (loss) for the period before taxes | 9903 | -€5,522 | - | +€5,522 | |
| Income taxes | 67/77 | €364 | - | -€364 | |
| Profit (loss) for the period | 9904 | -€5,886 | - | +€5,886 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,886 | - | +€5,886 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2019 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.