PERFUSION EXPERTS: 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.
PERFUSION EXPERTS
Largest movements
- Receivables within one year +€107,193
up €107,193 (+49.0%), from €218,733 to €325,926
of which Trade receivables: +€97,749
- Cash -€30,117
down €30,117 (-64.6%), from €46,639 to €16,523
mainly Receivables within one year (-€107,193) and Contributions, distributions and other (-€50,000)
- Tangible fixed assets +€14,487
up €14,487, from €0 to €14,487
- Reserves +€58,073
up €58,073 (+80.1%), from €72,465 to €130,539
of which Distributable reserves: +€58,073
- Trade debts +€32,679
up €32,679 (+37.3%), from €87,514 to €120,193
- Short-term financial debts +€25,850
up €25,850 (+1,746%), from €1,480 to €27,331
- Other debts -€25,000
down €25,000 (-33.3%), from €75,000 to €50,000
- Gross operating margin -€21,869
down €21,869 (-14.1%), from €154,677 to €132,808
- Depreciation +€2,138
up €2,138 (+784%), from €273 to €2,411
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 | €266,758 | €358,361 | +€91,603 | +34.3% |
| Fixed assets | 21/28 | €0 | €14,487 | +€14,487 | |
| Tangible fixed assets | 22/27 | €0 | €14,487 | +€14,487 | |
| Furniture and vehicles | 24 | €0 | €14,487 | +€14,487 | |
| Current assets | 29/58 | €266,758 | €343,874 | +€77,116 | +28.9% |
| Amounts receivable within one year | 40/41 | €218,733 | €325,926 | +€107,193 | +49.0% |
| Trade receivables | 40 | €217,752 | €315,501 | +€97,749 | +44.9% |
| Other amounts receivable | 41 | €981 | €10,425 | +€9,444 | +963% |
| Cash at bank and in hand | 54/58 | €46,639 | €16,523 | -€30,117 | -64.6% |
| Deferred charges and accrued income | 490/1 | €1,385 | €1,425 | +€39 | +2.8% |
| Total equity and liabilities | 10/49 | €266,758 | €358,361 | +€91,603 | +34.3% |
| Equity | 10/15 | €80,415 | €138,489 | +€58,073 | +72.2% |
| Contributions | 10/11 | €7,950 | €7,950 | = | 0.0% |
| Reserves | 13 | €72,465 | €130,539 | +€58,073 | +80.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €72,465 | €130,539 | +€58,073 | +80.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €186,342 | €219,872 | +€33,529 | +18.0% |
| Amounts payable within one year | 42/48 | €186,342 | €219,872 | +€33,529 | +18.0% |
| Financial debts | 43 | €1,480 | €27,331 | +€25,850 | +1,746% |
| Credit institutions | 430/8 | €1,480 | €27,331 | +€25,850 | +1,746% |
| Trade debts | 44 | €87,514 | €120,193 | +€32,679 | +37.3% |
| Suppliers | 440/4 | €87,514 | €120,193 | +€32,679 | +37.3% |
| Taxes, remuneration and social security | 45 | €22,348 | €22,348 | = | 0.0% |
| Taxes | 450/3 | €22,348 | €22,348 | = | 0.0% |
| Other amounts payable | 47/48 | €75,000 | €50,000 | -€25,000 | -33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €273 | €2,411 | +€2,138 | +784% |
| Other operating charges | 640/8 | €592 | €905 | +€313 | +52.9% |
| Gross operating margin | 9900 | €154,677 | €132,808 | -€21,869 | -14.1% |
| Operating profit (loss) | 9901 | €153,813 | €129,492 | -€24,321 | -15.8% |
| Financial income | 75/76B | €9 | €13 | +€4 | +51.4% |
| Recurring financial income | 75 | €9 | €13 | +€4 | +51.4% |
| Financial charges | 65/66B | €303 | €508 | +€206 | +68.0% |
| Recurring financial charges | 65 | €303 | €508 | +€206 | +68.0% |
| Profit (loss) for the period before taxes | 9903 | €153,519 | €128,997 | -€24,522 | -16.0% |
| Income taxes | 67/77 | €22,348 | €20,924 | -€1,424 | -6.4% |
| Profit (loss) for the period | 9904 | €131,171 | €108,073 | -€23,098 | -17.6% |
| Profit (loss) for the period to be appropriated | 9905 | €131,171 | €108,073 | -€23,098 | -17.6% |
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 23 October 2026 via checked.be.