PERMEZZO: 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.
PERMEZZO
Largest movements
- Cash -€27,356
down €27,356 (-68.2%), from €40,137 to €12,781
mainly Tax, wage and social debts (-€16,556) and Net result for the year (-€8,798)
- Tangible fixed assets -€10,367
down €10,367 (-27.9%), from €37,126 to €26,759
of which Furniture and vehicles: -€9,793
- Receivables within one year +€2,858
up €2,858 (+3.9%), from €72,737 to €75,595
of which Other amounts receivable: +€10,538
- Tax, wage and social debts -€16,556
down €16,556 (-55.9%), from €29,618 to €13,062
- Profit (loss) carried forward -€8,798
new in 2025: -€8,798
- Debts after one year -€5,781
no longer reported in 2025 (was €5,781)
- Current portion of long-term debt -€3,742
down €3,742 (-39.3%), from €9,523 to €5,781
- Gross operating margin -€45,686
down €45,686 (-91.4%), from €49,988 to €4,303
- Taxes -€13,062
no longer reported in 2025 (was €13,062)
- Financial charges -€1,093
down €1,093 (-47.7%), from €2,289 to €1,197
- Depreciation +€800
up €800 (+7.4%), from €10,772 to €11,572
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.
Derived cash bridge
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 | €150,001 | €116,129 | -€33,872 | -22.6% |
| Fixed assets | 21/28 | €37,126 | €26,759 | -€10,367 | -27.9% |
| Tangible fixed assets | 22/27 | €37,126 | €26,759 | -€10,367 | -27.9% |
| Plant, machinery and equipment | 23 | €1,764 | €1,190 | -€574 | -32.6% |
| Furniture and vehicles | 24 | €35,362 | €25,569 | -€9,793 | -27.7% |
| Current assets | 29/58 | €112,875 | €89,370 | -€23,505 | -20.8% |
| Amounts receivable within one year | 40/41 | €72,737 | €75,595 | +€2,858 | +3.9% |
| Trade receivables | 40 | €7,755 | €75 | -€7,680 | -99.0% |
| Other amounts receivable | 41 | €64,982 | €75,520 | +€10,538 | +16.2% |
| Cash at bank and in hand | 54/58 | €40,137 | €12,781 | -€27,356 | -68.2% |
| Deferred charges and accrued income | 490/1 | - | €993 | +€993 | |
| Total equity and liabilities | 10/49 | €150,001 | €116,129 | -€33,872 | -22.6% |
| Equity | 10/15 | €103,540 | €94,742 | -€8,798 | -8.5% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €84,790 | €84,790 | = | 0.0% |
| Distributable reserves | 133 | €84,790 | €84,790 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€8,798 | -€8,798 | |
| Amounts payable | 17/49 | €46,461 | €21,387 | -€25,074 | -54.0% |
| Amounts payable after more than one year | 17 | €5,781 | - | -€5,781 | |
| Financial debts | 170/4 | €5,781 | - | -€5,781 | |
| Amounts payable within one year | 42/48 | €40,680 | €21,387 | -€19,293 | -47.4% |
| Current portion of amounts payable after more than one year | 42 | €9,523 | €5,781 | -€3,742 | -39.3% |
| Trade debts | 44 | €1,539 | €2,544 | +€1,005 | +65.3% |
| Suppliers | 440/4 | €1,539 | €2,544 | +€1,005 | +65.3% |
| Taxes, remuneration and social security | 45 | €29,618 | €13,062 | -€16,556 | -55.9% |
| Taxes | 450/3 | €29,618 | €13,062 | -€16,556 | -55.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,772 | €11,572 | +€800 | +7.4% |
| Other operating charges | 640/8 | €521 | €332 | -€190 | -36.4% |
| Gross operating margin | 9900 | €49,988 | €4,303 | -€45,686 | -91.4% |
| Operating profit (loss) | 9901 | €38,695 | -€7,601 | -€46,296 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,289 | €1,197 | -€1,093 | -47.7% |
| Recurring financial charges | 65 | €2,289 | €1,197 | -€1,093 | -47.7% |
| Profit (loss) for the period before taxes | 9903 | €36,406 | -€8,798 | -€45,204 | |
| Income taxes | 67/77 | €13,062 | - | -€13,062 | |
| Profit (loss) for the period | 9904 | €23,344 | -€8,798 | -€32,142 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,344 | -€8,798 | -€32,142 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.