PERNEEL: 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.
PERNEEL
Largest movements
- Receivables within one year -€46,962
down €46,962 (-69.3%), from €67,806 to €20,844
of which Trade receivables: -€45,021
- Cash +€7,593
up €7,593 (+55.6%), from €13,662 to €21,254
mainly Receivables within one year (+€46,962) and Depreciation (+€12,986)
- Tangible fixed assets -€3,724
down €3,724 (-6.3%), from €59,385 to €55,661
of which Furniture and vehicles: -€7,978
- Trade debts -€22,699
down €22,699 (-33.0%), from €68,815 to €46,115
- Profit (loss) carried forward -€9,158
down €9,158, from €1,850 to -€7,308
- Other debts -€7,140
down €7,140 (-10.5%), from €67,875 to €60,734
- Debts after one year -€5,695
down €5,695 (-24.2%), from €23,509 to €17,814
- Gross operating margin -€56,114
down €56,114 (-29.5%), from €190,408 to €134,294
- Staff costs -€37,327
down €37,327 (-22.7%), from €164,504 to €127,178
- Depreciation +€5,533
up €5,533 (+74.2%), from €7,453 to €12,986
- Financial income -€2,929
down €2,929 (-50.8%), from €5,770 to €2,840
- Taxes -€2,916
down €2,916 (-95.3%), from €3,059 to €143
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 | €285,336 | €243,060 | -€42,275 | -14.8% |
| Fixed assets | 21/28 | €59,385 | €55,661 | -€3,724 | -6.3% |
| Tangible fixed assets | 22/27 | €59,385 | €55,661 | -€3,724 | -6.3% |
| Land and buildings | 22 | €26,179 | €30,589 | +€4,409 | +16.8% |
| Plant, machinery and equipment | 23 | €347 | €192 | -€155 | -44.6% |
| Furniture and vehicles | 24 | €32,858 | €24,880 | -€7,978 | -24.3% |
| Current assets | 29/58 | €225,951 | €187,399 | -€38,552 | -17.1% |
| Stocks and contracts in progress | 3 | €143,075 | €143,849 | +€775 | +0.5% |
| Stocks | 30/36 | €143,075 | €143,849 | +€775 | +0.5% |
| Amounts receivable within one year | 40/41 | €67,806 | €20,844 | -€46,962 | -69.3% |
| Trade receivables | 40 | €65,865 | €20,844 | -€45,021 | -68.4% |
| Other amounts receivable | 41 | €1,941 | €0 | -€1,941 | -100% |
| Cash at bank and in hand | 54/58 | €13,662 | €21,254 | +€7,593 | +55.6% |
| Deferred charges and accrued income | 490/1 | €1,408 | €1,452 | +€44 | +3.1% |
| Total equity and liabilities | 10/49 | €285,336 | €243,060 | -€42,275 | -14.8% |
| Equity | 10/15 | €97,501 | €88,344 | -€9,158 | -9.4% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €75,200 | €75,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €600 | €600 | = | 0.0% |
| Distributable reserves | 133 | €74,600 | €74,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,850 | -€7,308 | -€9,158 | |
| Amounts payable | 17/49 | €187,834 | €154,716 | -€33,118 | -17.6% |
| Amounts payable after more than one year | 17 | €23,509 | €17,814 | -€5,695 | -24.2% |
| Financial debts | 170/4 | €23,509 | €17,814 | -€5,695 | -24.2% |
| Amounts payable within one year | 42/48 | €163,818 | €136,503 | -€27,315 | -16.7% |
| Current portion of amounts payable after more than one year | 42 | €5,496 | €5,695 | +€199 | +3.6% |
| Financial debts | 43 | €4,976 | €6,461 | +€1,485 | +29.8% |
| Credit institutions | 430/8 | €4,976 | €6,461 | +€1,485 | +29.8% |
| Trade debts | 44 | €68,815 | €46,115 | -€22,699 | -33.0% |
| Suppliers | 440/4 | €68,815 | €46,115 | -€22,699 | -33.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €16,657 | €17,497 | +€840 | +5.0% |
| Taxes | 450/3 | €676 | €5,992 | +€5,316 | +787% |
| Remuneration and social security | 454/9 | €15,981 | €11,505 | -€4,476 | -28.0% |
| Other amounts payable | 47/48 | €67,875 | €60,734 | -€7,140 | -10.5% |
| Accrued charges and deferred income | 492/3 | €507 | €400 | -€108 | -21.2% |
| Remuneration, social security and pensions | 62 | €164,504 | €127,178 | -€37,327 | -22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,453 | €12,986 | +€5,533 | +74.2% |
| Other operating charges | 640/8 | €2,332 | €2,237 | -€95 | -4.1% |
| Non-recurring operating charges | 66A | €3,752 | €0 | -€3,752 | -100% |
| Gross operating margin | 9900 | €190,408 | €134,294 | -€56,114 | -29.5% |
| Operating profit (loss) | 9901 | €12,366 | -€8,107 | -€20,473 | |
| Financial income | 75/76B | €5,770 | €2,840 | -€2,929 | -50.8% |
| Recurring financial income | 75 | €5,770 | €2,840 | -€2,929 | -50.8% |
| Financial charges | 65/66B | €5,547 | €3,748 | -€1,798 | -32.4% |
| Recurring financial charges | 65 | €5,547 | €3,748 | -€1,798 | -32.4% |
| Profit (loss) for the period before taxes | 9903 | €12,589 | -€9,015 | -€21,604 | |
| Income taxes | 67/77 | €3,059 | €143 | -€2,916 | -95.3% |
| Profit (loss) for the period | 9904 | €9,530 | -€9,158 | -€18,688 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,530 | -€9,158 | -€18,688 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.