PERJUSTINAGE: what changed
What changed
PERJUSTINAGE
NACE 72.101, Research and development on biotechnology
filed annual accounts (NBB)
Net result for the year
€78,967
2024 · €83,395-€4,428
Equity
€676,512
2024 · €598,656+€77,857
Cash
€63,803
2024 · €33,451+€30,352
Balance sheet total
€1.2m
2024 · €1.2m+€14,507
Largest movements
Assets
- Cash +€30,352
up €30,352 (+90.7%), from €33,451 to €63,803
mainly Net result for the year (+€78,967) and Depreciation (+€51,831)
- Receivables within one year -€17,930
down €17,930 (-97.6%), from €18,380 to €450
of which Other amounts receivable: -€17,930
Equity and liabilities
- Reserves +€77,857
up €77,857 (+13.4%), from €580,058 to €657,915
- Debts after one year -€57,311
down €57,311 (-17.3%), from €331,512 to €274,201
- Other debts -€18,345
down €18,345 (-12.2%), from €150,188 to €131,843
Income statement
- Staff costs -€20,555
down €20,555 (-100%), from €20,555 to €0
- Gross operating margin -€15,023
down €15,023 (-7.0%), from €215,545 to €200,522
- Taxes +€10,411
up €10,411 (+45.2%), from €23,036 to €33,447
- Financial charges -€4,961
down €4,961 (-15.7%), from €31,560 to €26,599
- Depreciation +€4,312
up €4,312 (+9.1%), from €47,519 to €51,831
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€83,395
Gross operating margin
-€15,023
Staff costs
+€20,555
Depreciation
-€4,312
Other operating charges
-€198
Financial charges
+€4,961
Taxes
-€10,411
Result 2025
€78,967
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€132,187
Investment
-€45,764
Financing
-€56,071
Cash 2024
€33,451
From operations (derived)
+€132,187
Net result for the year
+€78,967
Depreciation
+€51,831
Receivables within one year
+€17,930
Deferred charges and accrued income
-€8,153
Trade debts
+€1,559
Tax, wage and social debts
-€1,511
Other debts
-€18,345
Accrued charges and deferred income
+€9,908
Investment (derived)
-€45,764
Investment in fixed assets (net)
-€45,764
Financing
-€56,071
Debts after one year
-€57,311
Current portion of long-term debt
+€2,350
Contributions, distributions and other
-€1,111
Cash 2025
€63,803
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,153,965 | €1,168,472 | +€14,507 | +1.3% |
| Fixed assets | 21/28 | €1,085,143 | €1,079,075 | -€6,068 | -0.6% |
| Tangible fixed assets | 22/27 | €1,083,876 | €1,077,808 | -€6,068 | -0.6% |
| Land and buildings | 22 | €892,257 | €867,432 | -€24,825 | -2.8% |
| Plant, machinery and equipment | 23 | €188,398 | €188,242 | -€157 | -0.1% |
| Furniture and vehicles | 24 | €3,220 | €22,134 | +€18,914 | +587% |
| Financial fixed assets | 28 | €1,267 | €1,267 | = | 0.0% |
| Current assets | 29/58 | €68,822 | €89,397 | +€20,575 | +29.9% |
| Amounts receivable within one year | 40/41 | €18,380 | €450 | -€17,930 | -97.6% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €18,380 | €450 | -€17,930 | -97.6% |
| Cash at bank and in hand | 54/58 | €33,451 | €63,803 | +€30,352 | +90.7% |
| Deferred charges and accrued income | 490/1 | €16,990 | €25,144 | +€8,153 | +48.0% |
| Total equity and liabilities | 10/49 | €1,153,965 | €1,168,472 | +€14,507 | +1.3% |
| Equity | 10/15 | €598,656 | €676,512 | +€77,857 | +13.0% |
| Contributions | 10/11 | €18,597 | €18,597 | = | 0.0% |
| Reserves | 13 | €580,058 | €657,915 | +€77,857 | +13.4% |
| Distributable reserves | 133 | €580,058 | €657,915 | +€77,857 | +13.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €555,309 | €491,960 | -€63,349 | -11.4% |
| Amounts payable after more than one year | 17 | €331,512 | €274,201 | -€57,311 | -17.3% |
| Financial debts | 170/4 | €331,512 | €274,201 | -€57,311 | -17.3% |
| Amounts payable within one year | 42/48 | €223,797 | €207,850 | -€15,947 | -7.1% |
| Current portion of amounts payable after more than one year | 42 | €54,961 | €57,311 | +€2,350 | +4.3% |
| Trade debts | 44 | €1,185 | €2,744 | +€1,559 | +132% |
| Suppliers | 440/4 | €1,185 | €2,744 | +€1,559 | +132% |
| Taxes, remuneration and social security | 45 | €17,463 | €15,952 | -€1,511 | -8.7% |
| Taxes | 450/3 | €17,463 | €15,952 | -€1,511 | -8.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €150,188 | €131,843 | -€18,345 | -12.2% |
| Accrued charges and deferred income | 492/3 | €0 | €9,908 | +€9,908 | |
| Non-recurring operating income | 76A | €0 | €7,132 | +€7,132 | |
| Remuneration, social security and pensions | 62 | €20,555 | €0 | -€20,555 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,519 | €51,831 | +€4,312 | +9.1% |
| Other operating charges | 640/8 | €9,480 | €9,678 | +€198 | +2.1% |
| Gross operating margin | 9900 | €215,545 | €200,522 | -€15,023 | -7.0% |
| Operating profit (loss) | 9901 | €137,991 | €139,013 | +€1,022 | +0.7% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €31,560 | €26,599 | -€4,961 | -15.7% |
| Recurring financial charges | 65 | €31,560 | €26,599 | -€4,961 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €106,431 | €112,414 | +€5,983 | +5.6% |
| Income taxes | 67/77 | €23,036 | €33,447 | +€10,411 | +45.2% |
| Profit (loss) for the period | 9904 | €83,395 | €78,967 | -€4,428 | -5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €83,395 | €78,967 | -€4,428 | -5.3% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.