PERLA PROJECTS: 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.
PERLA PROJECTS
Largest movements
- Tangible fixed assets -€19,016
down €19,016 (-14.6%), from €130,569 to €111,553
of which Land and buildings: -€18,197
- Cash +€14,267
up €14,267 (+747.9%), from €1,908 to €16,175
mainly Depreciation (+€19,016) and Other debts (+€19,000)
- Debts after one year -€23,508
down €23,508 (-25.5%), from €92,134 to €68,626
- Other debts +€19,000
up €19,000 (+216.2%), from €8,788 to €27,788
- Tax, wage and social debts +€2,878
up €2,878 (+599.1%), from €480 to €3,358
- Profit (loss) carried forward -€2,591
down €2,591 (-2.3%), from -€114,296 to -€116,887
- Gross operating margin +€15,577
up €15,577 (+349.5%), from €4,456 to €20,033
- Financial charges -€1,060
down €1,060 (-16.5%), from €6,412 to €5,351
- Depreciation -€430
down €430 (-2.2%), from €19,445 to €19,016
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 | €133,139 | €128,408 | -€4,731 | -3.6% |
| Fixed assets | 21/28 | €130,569 | €111,553 | -€19,016 | -14.6% |
| Tangible fixed assets | 22/27 | €130,569 | €111,553 | -€19,016 | -14.6% |
| Land and buildings | 22 | €129,751 | €111,553 | -€18,197 | -14.0% |
| Furniture and vehicles | 24 | €818 | - | -€818 | |
| Current assets | 29/58 | €2,570 | €16,854 | +€14,285 | +555.9% |
| Cash at bank and in hand | 54/58 | €1,908 | €16,175 | +€14,267 | +747.9% |
| Deferred charges and accrued income | 490/1 | €662 | €680 | +€17 | +2.6% |
| Total equity and liabilities | 10/49 | €133,139 | €128,408 | -€4,731 | -3.6% |
| Equity | 10/15 | €7,428 | €4,838 | -€2,591 | -34.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €101,724 | €101,724 | = | 0.0% |
| Distributable reserves | 133 | €101,724 | €101,724 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€114,296 | -€116,887 | -€2,591 | -2.3% |
| Amounts payable | 17/49 | €125,711 | €123,570 | -€2,140 | -1.7% |
| Amounts payable after more than one year | 17 | €92,134 | €68,626 | -€23,508 | -25.5% |
| Financial debts | 170/4 | €92,134 | €68,626 | -€23,508 | -25.5% |
| Amounts payable within one year | 42/48 | €32,677 | €54,945 | +€22,268 | +68.1% |
| Current portion of amounts payable after more than one year | 42 | €22,384 | €23,508 | +€1,124 | +5.0% |
| Trade debts | 44 | €1,024 | €290 | -€734 | -71.7% |
| Suppliers | 440/4 | €1,024 | €290 | -€734 | -71.7% |
| Taxes, remuneration and social security | 45 | €480 | €3,358 | +€2,878 | +599.1% |
| Taxes | 450/3 | €480 | €3,358 | +€2,878 | +599.1% |
| Other amounts payable | 47/48 | €8,788 | €27,788 | +€19,000 | +216.2% |
| Accrued charges and deferred income | 492/3 | €900 | - | -€900 | |
| Non-recurring operating income | 76A | - | €15,000 | +€15,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,445 | €19,016 | -€430 | -2.2% |
| Other operating charges | 640/8 | €2,531 | €2,606 | +€75 | +3.0% |
| Gross operating margin | 9900 | €4,456 | €20,033 | +€15,577 | +349.5% |
| Operating profit (loss) | 9901 | -€17,520 | -€1,589 | +€15,931 | +90.9% |
| Financial income | 75/76B | €60 | €63 | +€3 | +4.8% |
| Recurring financial income | 75 | €60 | €63 | +€3 | +4.8% |
| Financial charges | 65/66B | €6,412 | €5,351 | -€1,060 | -16.5% |
| Recurring financial charges | 65 | €6,412 | €5,351 | -€1,060 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | -€23,871 | -€6,877 | +€16,995 | +71.2% |
| Income taxes | 67/77 | €235 | €214 | -€21 | -9.0% |
| Profit (loss) for the period | 9904 | -€24,106 | -€7,091 | +€17,016 | +70.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,106 | -€7,091 | +€17,016 | +70.6% |
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.