PERKAMENT: 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.
PERKAMENT
Largest movements
- Cash +€326,516
up €326,516 (+486.7%), from €67,094 to €393,610
mainly Receivables after one year (+€278,946) and Receivables within one year (+€161,407)
- Receivables after one year -€278,946
down €278,946 (-30.9%), from €901,903 to €622,957
- Receivables within one year -€161,407
down €161,407 (-9.5%), from €1.7m to €1.5m
of which Other amounts receivable: -€105,772
- Financial fixed assets -€69,042
down €69,042 (-14.1%), from €489,420 to €420,378
- Provisions -€137,196
no longer reported in 2025 (was €137,196)
- Reserves -€86,589
down €86,589 (-9.8%), from €887,342 to €800,753
of which Tax-exempt reserves: -€411,589
- Taxes +€160,621
up €160,621 (+676.2%), from €23,754 to €184,374
- Financial income -€103,433
down €103,433 (-50.6%), from €204,479 to €101,046
of which Financial income: -€103,264
- Gross operating margin -€34,525
down €34,525 (-91.4%), from €37,792 to €3,267
- Financial charges +€24,051
up €24,051 (+32.3%), from €74,489 to €98,540
of which Financial charges: +€35,078
- Other operating charges +€2,518
up €2,518 (+75.8%), from €3,321 to €5,839
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 | €5,194,893 | €4,963,703 | -€231,191 | -4.5% |
| Fixed assets | 21/28 | €2,154,307 | €2,089,688 | -€64,619 | -3.0% |
| Tangible fixed assets | 22/27 | €1,664,887 | €1,669,310 | +€4,423 | +0.3% |
| Land and buildings | 22 | €1,629,887 | €1,634,310 | +€4,423 | +0.3% |
| Furniture and vehicles | 24 | €35,000 | €35,000 | = | 0.0% |
| Financial fixed assets | 28 | €489,420 | €420,378 | -€69,042 | -14.1% |
| Current assets | 29/58 | €3,040,586 | €2,874,015 | -€166,572 | -5.5% |
| Amounts receivable after more than one year | 29 | €901,903 | €622,957 | -€278,946 | -30.9% |
| Other amounts receivable | 291 | €901,903 | €622,957 | -€278,946 | -30.9% |
| Amounts receivable within one year | 40/41 | €1,699,197 | €1,537,790 | -€161,407 | -9.5% |
| Trade receivables | 40 | €55,635 | - | -€55,635 | |
| Other amounts receivable | 41 | €1,643,562 | €1,537,790 | -€105,772 | -6.4% |
| Current investments | 50/53 | €327,592 | €301,257 | -€26,335 | -8.0% |
| Cash at bank and in hand | 54/58 | €67,094 | €393,610 | +€326,516 | +486.7% |
| Deferred charges and accrued income | 490/1 | €44,800 | €18,400 | -€26,400 | -58.9% |
| Total equity and liabilities | 10/49 | €5,194,893 | €4,963,703 | -€231,191 | -4.5% |
| Equity | 10/15 | €4,962,381 | €4,877,225 | -€85,156 | -1.7% |
| Contributions | 10/11 | €242,155 | €242,155 | = | 0.0% |
| Capital | 10 | €221,581 | €221,581 | = | 0.0% |
| Issued capital | 100 | €221,581 | €221,581 | = | 0.0% |
| Outside capital | 11 | €20,574 | €20,574 | = | 0.0% |
| Share premium | 1100/10 | €20,574 | €20,574 | = | 0.0% |
| Reserves | 13 | €887,342 | €800,753 | -€86,589 | -9.8% |
| Non-distributable reserves | 130/1 | €475,753 | €800,753 | +€325,000 | +68.3% |
| Legal reserve | 130 | €475,753 | €475,753 | = | 0.0% |
| Other | 1319 | - | €325,000 | +€325,000 | |
| Tax-exempt reserves | 132 | €411,589 | €0 | -€411,589 | -100.0% |
| Profit (loss) carried forward | 14 | €3,832,884 | €3,834,317 | +€1,433 | 0.0% |
| Provisions and deferred taxes | 16 | €137,196 | - | -€137,196 | |
| Deferred taxes | 168 | €137,196 | - | -€137,196 | |
| Amounts payable | 17/49 | €95,316 | €86,478 | -€8,838 | -9.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €95,316 | €86,478 | -€8,838 | -9.3% |
| Trade debts | 44 | €78 | €5,748 | +€5,670 | +7276.2% |
| Suppliers | 440/4 | €78 | €5,748 | +€5,670 | +7276.2% |
| Taxes, remuneration and social security | 45 | €74,730 | €49,218 | -€25,512 | -34.1% |
| Taxes | 450/3 | €74,730 | €49,218 | -€25,512 | -34.1% |
| Other amounts payable | 47/48 | €20,508 | €31,512 | +€11,004 | +53.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,912 | €37,912 | = | 0.0% |
| Other operating charges | 640/8 | €3,321 | €5,839 | +€2,518 | +75.8% |
| Gross operating margin | 9900 | €37,792 | €3,267 | -€34,525 | -91.4% |
| Operating profit (loss) | 9901 | -€3,441 | -€40,484 | -€37,043 | -1076.6% |
| Financial income | 75/76B | €204,479 | €101,046 | -€103,433 | -50.6% |
| Recurring financial income | 75 | €204,310 | €101,046 | -€103,264 | -50.5% |
| Non-recurring financial income | 76B | €169 | - | -€169 | |
| Financial charges | 65/66B | €74,489 | €98,540 | +€24,051 | +32.3% |
| Recurring financial charges | 65 | -€5,580 | €29,498 | +€35,078 | |
| Non-recurring financial charges | 66B | €80,069 | €69,042 | -€11,027 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €126,549 | -€37,978 | -€164,527 | |
| Transfer from deferred taxes | 780 | - | €137,196 | +€137,196 | |
| Income taxes | 67/77 | €23,754 | €184,374 | +€160,621 | +676.2% |
| Profit (loss) for the period | 9904 | €102,796 | -€85,156 | -€187,952 | |
| Transfer from tax-exempt reserves | 789 | - | €411,589 | +€411,589 | |
| Profit (loss) for the period to be appropriated | 9905 | €102,796 | €326,433 | +€223,637 | +217.6% |
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 4 October 2026 via checked.be.