PERPETUAL: 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.
PERPETUAL
Largest movements
- Tangible fixed assets +€2.0m
up €2.0m (+362.1%), from €543,984 to €2.5m
of which Land and buildings: +€2.0m
- Receivables within one year +€174,294
up €174,294 (+63.0%), from €276,811 to €451,105
of which Other amounts receivable: +€261,056
- Stocks and contracts -€140,829
down €140,829 (-15.7%), from €896,571 to €755,742
- Debts after one year +€1.9m
up €1.9m (+113.9%), from €1.7m to €3.5m
of which Financial debts: +€1.6m
- Trade debts +€125,749
up €125,749 (+1889.8%), from €6,654 to €132,403
- Profit (loss) carried forward -€47,648
down €47,648 (-13.8%), from €344,532 to €296,884
- Gross operating margin +€265,601
up €265,601 (+17883.4%), from €1,485 to €267,086
- Depreciation +€153,874
up €153,874 (+248.0%), from €62,038 to €215,913
- Financial charges +€29,099
up €29,099 (+52.4%), from €55,539 to €84,638
- Other operating charges +€12,736
up €12,736 (+386.7%), from €3,294 to €16,030
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 | €2,061,915 | €4,053,703 | +€2.0m | +96.6% |
| Fixed assets | 21/28 | €625,234 | €2,595,088 | +€2.0m | +315.1% |
| Tangible fixed assets | 22/27 | €543,984 | €2,513,838 | +€2.0m | +362.1% |
| Land and buildings | 22 | €326,446 | €2,332,395 | +€2.0m | +614.5% |
| Furniture and vehicles | 24 | €37,736 | €22,642 | -€15,094 | -40.0% |
| Other tangible fixed assets | 26 | €179,803 | €158,801 | -€21,002 | -11.7% |
| Financial fixed assets | 28 | €81,250 | €81,250 | = | 0.0% |
| Current assets | 29/58 | €1,436,681 | €1,458,616 | +€21,935 | +1.5% |
| Amounts receivable after more than one year | 29 | €64,142 | €72,464 | +€8,322 | +13.0% |
| Other amounts receivable | 291 | €64,142 | €72,464 | +€8,322 | +13.0% |
| Stocks and contracts in progress | 3 | €896,571 | €755,742 | -€140,829 | -15.7% |
| Stocks | 30/36 | €896,571 | €755,742 | -€140,829 | -15.7% |
| Amounts receivable within one year | 40/41 | €276,811 | €451,105 | +€174,294 | +63.0% |
| Trade receivables | 40 | €216,680 | €129,918 | -€86,762 | -40.0% |
| Other amounts receivable | 41 | €60,131 | €321,187 | +€261,056 | +434.1% |
| Cash at bank and in hand | 54/58 | €196,732 | €178,450 | -€18,283 | -9.3% |
| Deferred charges and accrued income | 490/1 | €2,424 | €855 | -€1,569 | -64.7% |
| Total equity and liabilities | 10/49 | €2,061,915 | €4,053,703 | +€2.0m | +96.6% |
| Equity | 10/15 | €367,236 | €319,588 | -€47,648 | -13.0% |
| Contributions | 10/11 | €22,704 | €22,704 | = | 0.0% |
| Profit (loss) carried forward | 14 | €344,532 | €296,884 | -€47,648 | -13.8% |
| Amounts payable | 17/49 | €1,694,679 | €3,734,116 | +€2.0m | +120.3% |
| Amounts payable after more than one year | 17 | €1,658,186 | €3,547,058 | +€1.9m | +113.9% |
| Financial debts | 170/4 | €764,262 | €2,353,057 | +€1.6m | +207.9% |
| Other amounts payable | 178/9 | €893,924 | €1,194,001 | +€300,077 | +33.6% |
| Amounts payable within one year | 42/48 | €28,580 | €159,899 | +€131,319 | +459.5% |
| Current portion of amounts payable after more than one year | 42 | €5,987 | €24,960 | +€18,973 | +316.9% |
| Trade debts | 44 | €6,654 | €132,403 | +€125,749 | +1889.8% |
| Suppliers | 440/4 | €6,654 | €132,403 | +€125,749 | +1889.8% |
| Taxes, remuneration and social security | 45 | €6,376 | €239 | -€6,138 | -96.3% |
| Taxes | 450/3 | €6,376 | €239 | -€6,138 | -96.3% |
| Other amounts payable | 47/48 | €9,563 | €2,298 | -€7,265 | -76.0% |
| Accrued charges and deferred income | 492/3 | €7,913 | €27,159 | +€19,246 | +243.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,038 | €215,913 | +€153,874 | +248.0% |
| Other operating charges | 640/8 | €3,294 | €16,030 | +€12,736 | +386.7% |
| Gross operating margin | 9900 | €1,485 | €267,086 | +€265,601 | +17883.4% |
| Operating profit (loss) | 9901 | -€63,847 | €35,143 | +€98,990 | |
| Financial income | 75/76B | €1,631 | €2,365 | +€735 | +45.0% |
| Recurring financial income | 75 | €1,631 | €2,365 | +€735 | +45.0% |
| Financial charges | 65/66B | €55,539 | €84,638 | +€29,099 | +52.4% |
| Recurring financial charges | 65 | €55,539 | €84,638 | +€29,099 | +52.4% |
| Profit (loss) for the period before taxes | 9903 | -€117,755 | -€47,130 | +€70,626 | +60.0% |
| Income taxes | 67/77 | -€866 | €519 | +€1,385 | |
| Profit (loss) for the period | 9904 | -€116,889 | -€47,648 | +€69,241 | +59.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€116,889 | -€47,648 | +€69,241 | +59.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.