PERPETUAL BROS: 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.
PERPETUAL BROS
Largest movements
- Tangible fixed assets -€2,841
down €2,841 (-30.0%), from €9,486 to €6,645
- Cash -€893
down €893 (-95.8%), from €933 to €39
mainly Trade debts (-€11,641) and Net result for the year (-€6,228)
- Receivables within one year -€690
down €690 (-39.5%), from €1,749 to €1,058
- Other debts +€11,643
up €11,643 (+57.0%), from €20,411 to €32,054
- Trade debts -€11,641
down €11,641 (-41.2%), from €28,248 to €16,607
- Profit (loss) carried forward -€6,228
down €6,228 (-5.5%), from -€113,856 to -€120,084
- Accrued charges and deferred income +€1,463
new in 2025: €1,463
- Tax, wage and social debts +€338
up €338 (+0.5%), from €72,365 to €72,703
of which Taxes: +€338
- Staff costs -€76,905
no longer reported in 2025 (was €76,905)
- Gross operating margin +€2,981
up €2,981 (+55.4%), from -€5,379 to -€2,398
- Other operating charges +€489
up €489 (+222%), from €220 to €709
- Taxes +€101
new in 2025: €101
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 | €12,168 | €7,743 | -€4,425 | -36.4% |
| Fixed assets | 21/28 | €9,486 | €6,645 | -€2,841 | -30.0% |
| Tangible fixed assets | 22/27 | €9,486 | €6,645 | -€2,841 | -30.0% |
| Furniture and vehicles | 24 | €9,486 | €6,645 | -€2,841 | -30.0% |
| Current assets | 29/58 | €2,681 | €1,097 | -€1,584 | -59.1% |
| Amounts receivable within one year | 40/41 | €1,749 | €1,058 | -€690 | -39.5% |
| Other amounts receivable | 41 | €1,749 | €1,058 | -€690 | -39.5% |
| Cash at bank and in hand | 54/58 | €933 | €39 | -€893 | -95.8% |
| Total equity and liabilities | 10/49 | €12,168 | €7,743 | -€4,425 | -36.4% |
| Equity | 10/15 | -€108,856 | -€115,084 | -€6,228 | -5.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€113,856 | -€120,084 | -€6,228 | -5.5% |
| Amounts payable | 17/49 | €121,024 | €122,827 | +€1,803 | +1.5% |
| Amounts payable within one year | 42/48 | €121,024 | €121,364 | +€339 | +0.3% |
| Trade debts | 44 | €28,248 | €16,607 | -€11,641 | -41.2% |
| Suppliers | 440/4 | €28,248 | €16,607 | -€11,641 | -41.2% |
| Taxes, remuneration and social security | 45 | €72,365 | €72,703 | +€338 | +0.5% |
| Taxes | 450/3 | €401 | €738 | +€338 | +84.2% |
| Remuneration and social security | 454/9 | €71,964 | €71,964 | = | 0.0% |
| Other amounts payable | 47/48 | €20,411 | €32,054 | +€11,643 | +57.0% |
| Accrued charges and deferred income | 492/3 | - | €1,463 | +€1,463 | |
| Remuneration, social security and pensions | 62 | €76,905 | - | -€76,905 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,841 | €2,841 | = | 0.0% |
| Other operating charges | 640/8 | €220 | €709 | +€489 | +222% |
| Gross operating margin | 9900 | -€5,379 | -€2,398 | +€2,981 | +55.4% |
| Operating profit (loss) | 9901 | -€85,346 | -€5,948 | +€79,398 | +93.0% |
| Financial charges | 65/66B | €223 | €179 | -€44 | -19.8% |
| Recurring financial charges | 65 | €223 | €179 | -€44 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | -€85,569 | -€6,127 | +€79,442 | +92.8% |
| Income taxes | 67/77 | - | €101 | +€101 | |
| Profit (loss) for the period | 9904 | -€85,569 | -€6,228 | +€79,341 | +92.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€85,569 | -€6,228 | +€79,341 | +92.7% |
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 28 October 2026 via checked.be.