PERIPASS: 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.
PERIPASS
Largest movements
- Intangible fixed assets -€598,941
down €598,941 (-5.0%), from €11.9m to €11.3m
- Tangible fixed assets +€373,230
up €373,230 (+134.4%), from €277,730 to €650,960
of which Other tangible fixed assets: +€268,645
- Cash -€155,859
down €155,859 (-80.7%), from €193,035 to €37,176
mainly Net result for the year (-€5.7m) and Investment in fixed assets (net) (-€1.8m)
- Profit (loss) carried forward -€5.7m
down €5.7m (-307.0%), from -€1.9m to -€7.5m
- Contributions +€4.0m
up €4.0m (+46.2%), from €8.7m to €12.7m
- Current portion of long-term debt +€768,892
up €768,892 (+422.4%), from €182,031 to €950,923
- Debts after one year +€442,002
up €442,002 (+11.0%), from €4.0m to €4.4m
- Staff costs +€1.3m
up €1.3m (+184.9%), from €720,221 to €2.1m
- Depreciation +€1.2m
up €1.2m (+155.9%), from €776,569 to €2.0m
- Gross operating margin -€1.1m
down €1.1m (-1099.4%), from -€99,406 to -€1.2m
- Financial income -€160,285
down €160,285 (-95.7%), from €167,486 to €7,201
of which Non-recurring financial income: -€123,436
- Other operating charges +€46,938
up €46,938 (+354.4%), from €13,243 to €60,181
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,815,672 | €14,563,237 | -€252,435 | -1.7% |
| Formation expenses | 20 | €10,768 | €4,928 | -€5,840 | -54.2% |
| Fixed assets | 21/28 | €12,273,762 | €12,048,053 | -€225,709 | -1.8% |
| Intangible fixed assets | 21 | €11,940,033 | €11,341,092 | -€598,941 | -5.0% |
| Tangible fixed assets | 22/27 | €277,730 | €650,960 | +€373,230 | +134.4% |
| Plant, machinery and equipment | 23 | €262,683 | €350,504 | +€87,821 | +33.4% |
| Furniture and vehicles | 24 | €12,053 | €28,818 | +€16,765 | +139.1% |
| Other tangible fixed assets | 26 | €2,993 | €271,638 | +€268,645 | +8975.8% |
| Financial fixed assets | 28 | €56,000 | €56,000 | = | 0.0% |
| Current assets | 29/58 | €2,531,142 | €2,510,256 | -€20,886 | -0.8% |
| Amounts receivable after more than one year | 29 | €132,395 | €132,395 | +€0 | 0.0% |
| Other amounts receivable | 291 | €132,395 | €132,395 | +€0 | 0.0% |
| Amounts receivable within one year | 40/41 | €2,103,208 | €2,245,922 | +€142,714 | +6.8% |
| Trade receivables | 40 | €1,901,036 | €2,142,829 | +€241,793 | +12.7% |
| Other amounts receivable | 41 | €202,172 | €103,093 | -€99,079 | -49.0% |
| Cash at bank and in hand | 54/58 | €193,035 | €37,176 | -€155,859 | -80.7% |
| Deferred charges and accrued income | 490/1 | €102,504 | €94,763 | -€7,741 | -7.6% |
| Total equity and liabilities | 10/49 | €14,815,672 | €14,563,237 | -€252,435 | -1.7% |
| Equity | 10/15 | €6,822,035 | €5,129,107 | -€1.7m | -24.8% |
| Contributions | 10/11 | €8,664,184 | €12,664,173 | +€4.0m | +46.2% |
| Capital | 10 | €8,664,184 | €12,664,173 | +€4.0m | +46.2% |
| Issued capital | 100 | €8,664,184 | €12,664,173 | +€4.0m | +46.2% |
| Reserves | 13 | €1,209 | €1,209 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €355 | €355 | +€0 | +0.1% |
| Legal reserve | 130 | €355 | €355 | +€0 | +0.1% |
| Distributable reserves | 133 | €854 | €854 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€1,853,369 | -€7,542,377 | -€5.7m | -307.0% |
| Investment grants | 15 | €10,011 | €6,102 | -€3,909 | -39.0% |
| Amounts payable | 17/49 | €7,993,637 | €9,434,130 | +€1.4m | +18.0% |
| Amounts payable after more than one year | 17 | €4,000,334 | €4,442,336 | +€442,002 | +11.0% |
| Financial debts | 170/4 | €4,000,334 | €4,442,336 | +€442,002 | +11.0% |
| Amounts payable within one year | 42/48 | €3,946,490 | €4,940,021 | +€993,531 | +25.2% |
| Current portion of amounts payable after more than one year | 42 | €182,031 | €950,923 | +€768,892 | +422.4% |
| Financial debts | 43 | €313,178 | €359,654 | +€46,476 | +14.8% |
| Credit institutions | 430/8 | €313,178 | €359,654 | +€46,476 | +14.8% |
| Trade debts | 44 | €1,653,593 | €1,665,086 | +€11,493 | +0.7% |
| Suppliers | 440/4 | €1,653,593 | €1,665,086 | +€11,493 | +0.7% |
| Advances received on contracts in progress | 46 | €1,550,790 | €1,692,029 | +€141,239 | +9.1% |
| Taxes, remuneration and social security | 45 | €246,897 | €272,328 | +€25,431 | +10.3% |
| Taxes | 450/3 | €4,427 | €0 | -€4,427 | -100.0% |
| Remuneration and social security | 454/9 | €242,470 | €272,328 | +€29,858 | +12.3% |
| Accrued charges and deferred income | 492/3 | €46,813 | €51,773 | +€4,960 | +10.6% |
| Remuneration, social security and pensions | 62 | €720,221 | €2,052,040 | +€1.3m | +184.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €776,569 | €1,987,053 | +€1.2m | +155.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€8,302 | €0 | +€8,302 | |
| Other operating charges | 640/8 | €13,243 | €60,181 | +€46,938 | +354.4% |
| Non-recurring operating charges | 66A | €47,339 | €0 | -€47,339 | -100.0% |
| Gross operating margin | 9900 | -€99,406 | -€1,192,251 | -€1.1m | -1099.4% |
| Operating profit (loss) | 9901 | -€1,648,477 | -€5,291,525 | -€3.6m | -221.0% |
| Financial income | 75/76B | €167,486 | €7,201 | -€160,285 | -95.7% |
| Recurring financial income | 75 | €44,050 | €7,201 | -€36,849 | -83.7% |
| Non-recurring financial income | 76B | €123,436 | €0 | -€123,436 | -100.0% |
| Financial charges | 65/66B | €410,199 | €405,718 | -€4,481 | -1.1% |
| Recurring financial charges | 65 | €410,199 | €405,718 | -€4,481 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,891,190 | -€5,690,042 | -€3.8m | -200.9% |
| Income taxes | 67/77 | -€34,777 | -€1,033 | +€33,744 | +97.0% |
| Profit (loss) for the period | 9904 | -€1,856,413 | -€5,689,009 | -€3.8m | -206.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,856,413 | -€5,689,009 | -€3.8m | -206.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.