PERMA-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.
PERMA-PROJECTS
Largest movements
- Tangible fixed assets -€59,431
down €59,431 (-8.4%), from €709,773 to €650,342
of which Land and buildings: -€49,285
- Cash -€43,893
down €43,893 (-63.2%), from €69,502 to €25,609
mainly Net result for the year (-€52,870) and Debts after one year (-€42,594)
- Receivables within one year +€10,345
up €10,345 (+33.8%), from €30,584 to €40,929
of which Trade receivables: +€11,594
- Profit (loss) carried forward -€52,870
down €52,870 (-29.2%), from -€181,048 to -€233,918
- Debts after one year -€42,594
down €42,594 (-49.6%), from €85,827 to €43,233
- Gross operating margin -€60,890
down €60,890 (-63.2%), from €96,380 to €35,490
- Depreciation -€9,701
down €9,701 (-13.2%), from €73,698 to €63,997
- Staff costs +€2,585
up €2,585 (+15.7%), from €16,465 to €19,050
- Other operating charges +€2,147
up €2,147 (+360.1%), from €596 to €2,743
- Financial charges -€1,490
down €1,490 (-36.7%), from €4,062 to €2,572
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 | €814,401 | €722,853 | -€91,548 | -11.2% |
| Fixed assets | 21/28 | €709,978 | €650,847 | -€59,131 | -8.3% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €709,773 | €650,342 | -€59,431 | -8.4% |
| Land and buildings | 22 | €657,553 | €608,268 | -€49,285 | -7.5% |
| Plant, machinery and equipment | 23 | €31,135 | €27,931 | -€3,204 | -10.3% |
| Furniture and vehicles | 24 | €21,085 | €14,143 | -€6,942 | -32.9% |
| Financial fixed assets | 28 | €205 | €505 | +€300 | +146.3% |
| Current assets | 29/58 | €104,422 | €72,006 | -€32,417 | -31.0% |
| Amounts receivable within one year | 40/41 | €30,584 | €40,929 | +€10,345 | +33.8% |
| Trade receivables | 40 | €24,462 | €36,056 | +€11,594 | +47.4% |
| Other amounts receivable | 41 | €6,123 | €4,873 | -€1,249 | -20.4% |
| Cash at bank and in hand | 54/58 | €69,502 | €25,609 | -€43,893 | -63.2% |
| Deferred charges and accrued income | 490/1 | €4,337 | €5,468 | +€1,131 | +26.1% |
| Total equity and liabilities | 10/49 | €814,401 | €722,853 | -€91,548 | -11.2% |
| Equity | 10/15 | €78,952 | €26,082 | -€52,870 | -67.0% |
| Contributions | 10/11 | €260,000 | €260,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€181,048 | -€233,918 | -€52,870 | -29.2% |
| Amounts payable | 17/49 | €735,449 | €696,771 | -€38,678 | -5.3% |
| Amounts payable after more than one year | 17 | €85,827 | €43,233 | -€42,594 | -49.6% |
| Financial debts | 170/4 | €85,827 | €43,233 | -€42,594 | -49.6% |
| Amounts payable within one year | 42/48 | €649,623 | €653,538 | +€3,916 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €41,964 | €42,594 | +€629 | +1.5% |
| Trade debts | 44 | €2,485 | €5,921 | +€3,436 | +138.3% |
| Suppliers | 440/4 | €2,485 | €5,921 | +€3,436 | +138.3% |
| Advances received on contracts in progress | 46 | €2,889 | €0 | -€2,889 | -100.0% |
| Taxes, remuneration and social security | 45 | €697 | €2,852 | +€2,154 | +308.8% |
| Taxes | 450/3 | €0 | €575 | +€575 | |
| Remuneration and social security | 454/9 | €697 | €2,277 | +€1,579 | +226.4% |
| Other amounts payable | 47/48 | €601,587 | €602,172 | +€585 | +0.1% |
| Remuneration, social security and pensions | 62 | €16,465 | €19,050 | +€2,585 | +15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,698 | €63,997 | -€9,701 | -13.2% |
| Other operating charges | 640/8 | €596 | €2,743 | +€2,147 | +360.1% |
| Gross operating margin | 9900 | €96,380 | €35,490 | -€60,890 | -63.2% |
| Operating profit (loss) | 9901 | €5,621 | -€50,299 | -€55,920 | |
| Financial income | 75/76B | €186 | €1 | -€185 | -99.5% |
| Recurring financial income | 75 | €186 | €1 | -€185 | -99.5% |
| Financial charges | 65/66B | €4,062 | €2,572 | -€1,490 | -36.7% |
| Recurring financial charges | 65 | €4,062 | €2,572 | -€1,490 | -36.7% |
| Profit (loss) for the period before taxes | 9903 | €1,745 | -€52,870 | -€54,615 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €1,745 | -€52,870 | -€54,615 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,745 | -€52,870 | -€54,615 |
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 8 October 2026 via checked.be.