PERMANOVE: 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.
PERMANOVE
Largest movements
- Cash -€133,271
down €133,271 (-90.5%), from €147,313 to €14,042
mainly Investment in fixed assets (net) (-€96,947) and Debts after one year (-€71,002)
- Tangible fixed assets +€53,601
up €53,601 (+10.8%), from €496,472 to €550,073
of which Land and buildings: +€54,435
- Receivables after one year +€17,300
up €17,300 (+6.9%), from €252,130 to €269,430
- Debts after one year -€71,002
down €71,002 (-18.5%), from €383,503 to €312,500
of which Financial debts: -€71,002
- Profit (loss) carried forward +€31,401
up €31,401 (+12.9%), from €243,618 to €275,019
- Tax, wage and social debts -€17,913
down €17,913 (-72.0%), from €24,884 to €6,971
- Trade debts +€15,548
up €15,548 (+30.1%), from €51,641 to €67,188
- Current portion of long-term debt -€13,702
down €13,702 (-15.1%), from €90,779 to €77,077
- Gross operating margin -€51,766
down €51,766 (-32.8%), from €157,856 to €106,090
- Taxes -€10,297
down €10,297 (-49.1%), from €20,977 to €10,680
- Financial charges +€7,910
up €7,910 (+69.5%), from €11,384 to €19,294
- Depreciation +€1,900
up €1,900 (+4.6%), from €41,446 to €43,346
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.
Derived cash bridge
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 | €1,161,977 | €1,105,336 | -€56,641 | -4.9% |
| Fixed assets | 21/28 | €676,346 | €729,947 | +€53,601 | +7.9% |
| Tangible fixed assets | 22/27 | €496,472 | €550,073 | +€53,601 | +10.8% |
| Land and buildings | 22 | €495,638 | €550,073 | +€54,435 | +11.0% |
| Plant, machinery and equipment | 23 | €834 | - | -€834 | |
| Financial fixed assets | 28 | €179,874 | €179,874 | = | 0.0% |
| Current assets | 29/58 | €485,631 | €375,389 | -€110,242 | -22.7% |
| Amounts receivable after more than one year | 29 | €252,130 | €269,430 | +€17,300 | +6.9% |
| Trade receivables | 290 | €252,130 | €269,430 | +€17,300 | +6.9% |
| Amounts receivable within one year | 40/41 | €86,188 | €91,917 | +€5,729 | +6.6% |
| Trade receivables | 40 | €77,205 | €80,040 | +€2,835 | +3.7% |
| Other amounts receivable | 41 | €8,983 | €11,877 | +€2,894 | +32.2% |
| Cash at bank and in hand | 54/58 | €147,313 | €14,042 | -€133,271 | -90.5% |
| Total equity and liabilities | 10/49 | €1,161,977 | €1,105,336 | -€56,641 | -4.9% |
| Equity | 10/15 | €605,919 | €637,320 | +€31,401 | +5.2% |
| Contributions | 10/11 | €149,579 | €149,579 | = | 0.0% |
| Revaluation surpluses | 12 | €158,852 | €158,852 | = | 0.0% |
| Reserves | 13 | €53,870 | €53,870 | = | 0.0% |
| Non-distributable reserves | 130/1 | €14,958 | - | -€14,958 | |
| Reserves not available under the articles | 1311 | €14,958 | - | -€14,958 | |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €20,163 | €35,120 | +€14,958 | +74.2% |
| Profit (loss) carried forward | 14 | €243,618 | €275,019 | +€31,401 | +12.9% |
| Provisions and deferred taxes | 16 | €5,253 | - | -€5,253 | |
| Provisions for liabilities and charges | 160/5 | €5,253 | - | -€5,253 | |
| Other liabilities and charges | 164/5 | €5,253 | - | -€5,253 | |
| Amounts payable | 17/49 | €550,806 | €468,016 | -€82,790 | -15.0% |
| Amounts payable after more than one year | 17 | €383,503 | €312,500 | -€71,002 | -18.5% |
| Financial debts | 170/4 | €258,503 | €187,500 | -€71,002 | -27.5% |
| Other amounts payable | 178/9 | €125,000 | €125,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €167,303 | €155,516 | -€11,787 | -7.0% |
| Current portion of amounts payable after more than one year | 42 | €90,779 | €77,077 | -€13,702 | -15.1% |
| Financial debts | 43 | - | €4,280 | +€4,280 | |
| Credit institutions | 430/8 | - | €4,280 | +€4,280 | |
| Trade debts | 44 | €51,641 | €67,188 | +€15,548 | +30.1% |
| Suppliers | 440/4 | €51,641 | €67,188 | +€15,548 | +30.1% |
| Taxes, remuneration and social security | 45 | €24,884 | €6,971 | -€17,913 | -72.0% |
| Taxes | 450/3 | €24,884 | €6,971 | -€17,913 | -72.0% |
| Non-recurring operating income | 76A | €36,375 | - | -€36,375 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,446 | €43,346 | +€1,900 | +4.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€253 | -€253 | |
| Other operating charges | 640/8 | €2,727 | €1,660 | -€1,067 | -39.1% |
| Gross operating margin | 9900 | €157,856 | €106,090 | -€51,766 | -32.8% |
| Operating profit (loss) | 9901 | €113,682 | €61,337 | -€52,345 | -46.0% |
| Financial income | 75/76B | - | €39 | +€39 | |
| Recurring financial income | 75 | - | €39 | +€39 | |
| Financial charges | 65/66B | €11,384 | €19,294 | +€7,910 | +69.5% |
| Recurring financial charges | 65 | €11,384 | €19,294 | +€7,910 | +69.5% |
| Profit (loss) for the period before taxes | 9903 | €102,297 | €42,081 | -€60,216 | -58.9% |
| Income taxes | 67/77 | €20,977 | €10,680 | -€10,297 | -49.1% |
| Profit (loss) for the period | 9904 | €81,320 | €31,401 | -€49,919 | -61.4% |
| Profit (loss) for the period to be appropriated | 9905 | €81,320 | €31,401 | -€49,919 | -61.4% |
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 25 October 2026 via checked.be.