Perfect Works: 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 Works
Largest movements
- Receivables within one year +€73,869
up €73,869 (+195%), from €37,935 to €111,805
of which Other amounts receivable: +€84,898
- Cash -€37,467
down €37,467 (-84.6%), from €44,289 to €6,822
mainly Receivables within one year (-€73,869) and Investment in fixed assets (net) (-€19,740)
- Tangible fixed assets +€16,400
up €16,400 (+1,642%), from €999 to €17,399
- Profit (loss) carried forward +€45,665
up €45,665 (+149%), from €30,620 to €76,285
- Trade debts -€17,174
down €17,174 (-49.0%), from €35,029 to €17,855
- Tax, wage and social debts +€12,687
up €12,687 (+98.4%), from €12,890 to €25,577
- Current portion of long-term debt +€8,181
new in 2025: €8,181
- Debts after one year +€4,225
new in 2025: €4,225
- Gross operating margin +€19,553
up €19,553 (+46.2%), from €42,318 to €61,871
- Taxes +€4,021
up €4,021 (+44.1%), from €9,128 to €13,149
- Depreciation +€3,252
up €3,252 (+3,691%), from €88 to €3,340
- Financial income +€2,162
up €2,162 (+145%), from €1,494 to €3,656
- Other operating charges -€1,304
down €1,304 (-41.4%), from €3,147 to €1,843
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 | €83,539 | €137,122 | +€53,583 | +64.1% |
| Fixed assets | 21/28 | €999 | €17,399 | +€16,400 | +1,642% |
| Tangible fixed assets | 22/27 | €999 | €17,399 | +€16,400 | +1,642% |
| Furniture and vehicles | 24 | €999 | €17,399 | +€16,400 | +1,642% |
| Current assets | 29/58 | €82,540 | €119,723 | +€37,183 | +45.0% |
| Amounts receivable within one year | 40/41 | €37,935 | €111,805 | +€73,869 | +195% |
| Trade receivables | 40 | €14,372 | €3,344 | -€11,029 | -76.7% |
| Other amounts receivable | 41 | €23,563 | €108,461 | +€84,898 | +360% |
| Cash at bank and in hand | 54/58 | €44,289 | €6,822 | -€37,467 | -84.6% |
| Deferred charges and accrued income | 490/1 | €315 | €1,096 | +€781 | +248% |
| Total equity and liabilities | 10/49 | €83,539 | €137,122 | +€53,583 | +64.1% |
| Equity | 10/15 | €35,620 | €81,285 | +€45,665 | +128% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,620 | €76,285 | +€45,665 | +149% |
| Amounts payable | 17/49 | €47,918 | €55,837 | +€7,919 | +16.5% |
| Amounts payable after more than one year | 17 | - | €4,225 | +€4,225 | |
| Financial debts | 170/4 | - | €4,225 | +€4,225 | |
| Amounts payable within one year | 42/48 | €47,918 | €51,613 | +€3,694 | +7.7% |
| Current portion of amounts payable after more than one year | 42 | - | €8,181 | +€8,181 | |
| Trade debts | 44 | €35,029 | €17,855 | -€17,174 | -49.0% |
| Suppliers | 440/4 | €35,029 | €17,855 | -€17,174 | -49.0% |
| Taxes, remuneration and social security | 45 | €12,890 | €25,577 | +€12,687 | +98.4% |
| Taxes | 450/3 | €12,890 | €25,577 | +€12,687 | +98.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88 | €3,340 | +€3,252 | +3,691% |
| Other operating charges | 640/8 | €3,147 | €1,843 | -€1,304 | -41.4% |
| Gross operating margin | 9900 | €42,318 | €61,871 | +€19,553 | +46.2% |
| Operating profit (loss) | 9901 | €39,083 | €56,687 | +€17,604 | +45.0% |
| Financial income | 75/76B | €1,494 | €3,656 | +€2,162 | +145% |
| Recurring financial income | 75 | €1,494 | €3,656 | +€2,162 | +145% |
| Financial charges | 65/66B | €828 | €1,530 | +€701 | +84.7% |
| Recurring financial charges | 65 | €828 | €1,530 | +€701 | +84.7% |
| Profit (loss) for the period before taxes | 9903 | €39,748 | €58,813 | +€19,065 | +48.0% |
| Income taxes | 67/77 | €9,128 | €13,149 | +€4,021 | +44.1% |
| Profit (loss) for the period | 9904 | €30,620 | €45,665 | +€15,044 | +49.1% |
| Profit (loss) for the period to be appropriated | 9905 | €30,620 | €45,665 | +€15,044 | +49.1% |
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 24 October 2026 via checked.be.