PERFECTION: what changed
Two fiscal 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.
PERFECTION
Largest movements
- Receivables within one year +€21,754
up €21,754 (+28.5%), from €76,227 to €97,981
of which Trade receivables: +€17,532
- Cash -€9,074
down €9,074 (-55.6%), from €16,313 to €7,239
mainly Receivables within one year (-€21,754) and Deferred charges and accrued income (-€1,134)
- Tangible fixed assets -€1,399
down €1,399 (-14.2%), from €9,843 to €8,445
of which Furniture and vehicles: -€1,458
- Trade debts +€8,544
up €8,544 (+125.8%), from €6,790 to €15,334
- Profit (loss) carried forward +€7,270
up €7,270 (+18.4%), from €39,559 to €46,829
- Staff costs -€14,310
down €14,310 (-7.4%), from €193,179 to €178,870
- Write-downs +€3,452
new in 2025: €3,452
- Taxes +€2,561
up €2,561 (+137.3%), from €1,865 to €4,426
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 | €103,302 | €115,716 | +€12,414 | +12.0% |
| Fixed assets | 21/28 | €9,843 | €8,445 | -€1,399 | -14.2% |
| Tangible fixed assets | 22/27 | €9,843 | €8,445 | -€1,399 | -14.2% |
| Land and buildings | 22 | €550 | €439 | -€111 | -20.2% |
| Plant, machinery and equipment | 23 | €2,060 | €2,231 | +€171 | +8.3% |
| Furniture and vehicles | 24 | €7,233 | €5,775 | -€1,458 | -20.2% |
| Current assets | 29/58 | €93,458 | €107,271 | +€13,813 | +14.8% |
| Amounts receivable within one year | 40/41 | €76,227 | €97,981 | +€21,754 | +28.5% |
| Trade receivables | 40 | €47,431 | €64,963 | +€17,532 | +37.0% |
| Other amounts receivable | 41 | €28,795 | €33,017 | +€4,222 | +14.7% |
| Cash at bank and in hand | 54/58 | €16,313 | €7,239 | -€9,074 | -55.6% |
| Deferred charges and accrued income | 490/1 | €918 | €2,052 | +€1,134 | +123.5% |
| Total equity and liabilities | 10/49 | €103,302 | €115,716 | +€12,414 | +12.0% |
| Equity | 10/15 | €60,019 | €67,289 | +€7,270 | +12.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,559 | €46,829 | +€7,270 | +18.4% |
| Amounts payable | 17/49 | €43,283 | €48,426 | +€5,144 | +11.9% |
| Amounts payable after more than one year | 17 | €951 | - | -€951 | |
| Financial debts | 170/4 | €951 | - | -€951 | |
| Amounts payable within one year | 42/48 | €42,332 | €48,426 | +€6,095 | +14.4% |
| Current portion of amounts payable after more than one year | 42 | €8,367 | €7,640 | -€728 | -8.7% |
| Trade debts | 44 | €6,790 | €15,334 | +€8,544 | +125.8% |
| Suppliers | 440/4 | €6,790 | €15,334 | +€8,544 | +125.8% |
| Advances received on contracts in progress | 46 | €732 | - | -€732 | |
| Taxes, remuneration and social security | 45 | €26,443 | €25,452 | -€990 | -3.7% |
| Taxes | 450/3 | €4,220 | €3,507 | -€714 | -16.9% |
| Remuneration and social security | 454/9 | €22,222 | €21,946 | -€277 | -1.2% |
| Remuneration, social security and pensions | 62 | €193,179 | €178,870 | -€14,310 | -7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,805 | €2,409 | +€604 | +33.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,452 | +€3,452 | |
| Other operating charges | 640/8 | €2,908 | €2,492 | -€416 | -14.3% |
| Gross operating margin | 9900 | €200,862 | €199,417 | -€1,446 | -0.7% |
| Operating profit (loss) | 9901 | €2,970 | €12,193 | +€9,224 | +310.6% |
| Financial income | 75/76B | €288 | €179 | -€109 | -38.0% |
| Recurring financial income | 75 | €288 | €179 | -€109 | -38.0% |
| Financial charges | 65/66B | €870 | €675 | -€195 | -22.4% |
| Recurring financial charges | 65 | €870 | €675 | -€195 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | €2,388 | €11,697 | +€9,309 | +389.8% |
| Income taxes | 67/77 | €1,865 | €4,426 | +€2,561 | +137.3% |
| Profit (loss) for the period | 9904 | €523 | €7,270 | +€6,747 | +1289.8% |
| Profit (loss) for the period to be appropriated | 9905 | €523 | €7,270 | +€6,747 | +1289.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.