PERFECT2: 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.
PERFECT2
Largest movements
- Receivables within one year +€8,049
new in 2025: €8,049
- Tangible fixed assets +€6,055
up €6,055 (+28.1%), from €21,552 to €27,607
of which Plant, machinery and equipment: +€11,147
- Cash -€4,607
down €4,607 (-79.3%), from €5,808 to €1,201
mainly Net result for the year (-€33,267) and Investment in fixed assets (net) (-€12,925)
- Profit (loss) carried forward -€33,267
down €33,267 (-106.7%), from -€31,176 to -€64,442
- Trade debts +€18,401
up €18,401 (+351.3%), from €5,238 to €23,639
- Other debts +€15,837
up €15,837 (+61.5%), from €25,735 to €41,572
- Tax, wage and social debts +€11,655
up €11,655 (+18503.7%), from €63 to €11,718
- Debts after one year -€8,345
down €8,345 (-33.4%), from €25,000 to €16,655
- Depreciation +€2,963
up €2,963 (+75.8%), from €3,907 to €6,870
- Gross operating margin +€1,634
up €1,634 (+6.5%), from -€24,953 to -€23,319
- Other operating charges +€483
up €483 (+30.6%), from €1,581 to €2,065
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 | €27,360 | €36,858 | +€9,497 | +34.7% |
| Fixed assets | 21/28 | €21,552 | €27,607 | +€6,055 | +28.1% |
| Tangible fixed assets | 22/27 | €21,552 | €27,607 | +€6,055 | +28.1% |
| Land and buildings | 22 | €8,646 | €6,860 | -€1,786 | -20.7% |
| Plant, machinery and equipment | 23 | - | €11,147 | +€11,147 | |
| Furniture and vehicles | 24 | €12,906 | €9,600 | -€3,306 | -25.6% |
| Current assets | 29/58 | €5,808 | €9,250 | +€3,442 | +59.3% |
| Amounts receivable within one year | 40/41 | - | €8,049 | +€8,049 | |
| Trade receivables | 40 | - | €8,049 | +€8,049 | |
| Cash at bank and in hand | 54/58 | €5,808 | €1,201 | -€4,607 | -79.3% |
| Total equity and liabilities | 10/49 | €27,360 | €36,858 | +€9,497 | +34.7% |
| Equity | 10/15 | -€28,676 | -€61,942 | -€33,267 | -116.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,176 | -€64,442 | -€33,267 | -106.7% |
| Amounts payable | 17/49 | €56,036 | €98,800 | +€42,764 | +76.3% |
| Amounts payable after more than one year | 17 | €25,000 | €16,655 | -€8,345 | -33.4% |
| Financial debts | 170/4 | €25,000 | €16,655 | -€8,345 | -33.4% |
| Amounts payable within one year | 42/48 | €31,036 | €82,145 | +€51,109 | +164.7% |
| Current portion of amounts payable after more than one year | 42 | - | €5,215 | +€5,215 | |
| Trade debts | 44 | €5,238 | €23,639 | +€18,401 | +351.3% |
| Suppliers | 440/4 | €5,238 | €23,639 | +€18,401 | +351.3% |
| Taxes, remuneration and social security | 45 | €63 | €11,718 | +€11,655 | +18503.7% |
| Taxes | 450/3 | €63 | €11,718 | +€11,655 | +18503.7% |
| Other amounts payable | 47/48 | €25,735 | €41,572 | +€15,837 | +61.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,907 | €6,870 | +€2,963 | +75.8% |
| Other operating charges | 640/8 | €1,581 | €2,065 | +€483 | +30.6% |
| Gross operating margin | 9900 | -€24,953 | -€23,319 | +€1,634 | +6.5% |
| Operating profit (loss) | 9901 | -€30,441 | -€32,254 | -€1,812 | -6.0% |
| Financial income | 75/76B | €22 | €0 | -€22 | -99.9% |
| Recurring financial income | 75 | €22 | €0 | -€22 | -99.9% |
| Financial charges | 65/66B | €757 | €881 | +€124 | +16.4% |
| Recurring financial charges | 65 | €757 | €881 | +€124 | +16.4% |
| Profit (loss) for the period before taxes | 9903 | -€31,176 | -€33,135 | -€1,959 | -6.3% |
| Income taxes | 67/77 | - | €132 | +€132 | |
| Profit (loss) for the period | 9904 | -€31,176 | -€33,267 | -€2,091 | -6.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,176 | -€33,267 | -€2,091 | -6.7% |
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 12 October 2026 via checked.be.