Perpetuum: 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.
Perpetuum
Largest movements
- Tangible fixed assets +€351,907
up €351,907 (+930%), from €37,857 to €389,764
of which Land and buildings: +€337,337
- Cash -€333,684
down €333,684 (-46.7%), from €714,007 to €380,324
mainly Contributions, distributions and other (-€368,941) and Investment in fixed assets (net) (-€363,716)
- Receivables within one year -€64,289
down €64,289 (-36.1%), from €178,174 to €113,885
of which Other amounts receivable: -€38,261
- Current investments +€19,000
up €19,000 (+3.2%), from €600,000 to €619,000
- Reserves -€31,612
down €31,612 (-2.1%), from €1.5m to €1.4m
- Gross operating margin +€96,261
up €96,261 (+16.1%), from €596,821 to €693,082
- Other operating charges +€35,419
up €35,419 (+1,818%), from €1,948 to €37,367
- Taxes +€23,319
up €23,319 (+22.2%), from €105,115 to €128,434
- Financial income -€9,561
down €9,561 (-37.0%), from €25,836 to €16,275
- Depreciation +€7,722
up €7,722 (+189%), from €4,087 to €11,809
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 | €1,543,552 | €1,518,730 | -€24,822 | -1.6% |
| Fixed assets | 21/28 | €49,857 | €401,764 | +€351,907 | +706% |
| Tangible fixed assets | 22/27 | €37,857 | €389,764 | +€351,907 | +930% |
| Land and buildings | 22 | - | €337,337 | +€337,337 | |
| Plant, machinery and equipment | 23 | - | €2,502 | +€2,502 | |
| Furniture and vehicles | 24 | €1,357 | €49,925 | +€48,569 | +3,580% |
| Assets under construction and advance payments | 27 | €36,500 | €0 | -€36,500 | -100% |
| Financial fixed assets | 28 | €12,000 | €12,000 | = | 0.0% |
| Current assets | 29/58 | €1,493,695 | €1,116,966 | -€376,730 | -25.2% |
| Amounts receivable within one year | 40/41 | €178,174 | €113,885 | -€64,289 | -36.1% |
| Trade receivables | 40 | €66,588 | €40,559 | -€26,028 | -39.1% |
| Other amounts receivable | 41 | €111,586 | €73,325 | -€38,261 | -34.3% |
| Current investments | 50/53 | €600,000 | €619,000 | +€19,000 | +3.2% |
| Cash at bank and in hand | 54/58 | €714,007 | €380,324 | -€333,684 | -46.7% |
| Deferred charges and accrued income | 490/1 | €1,514 | €3,757 | +€2,243 | +148% |
| Total equity and liabilities | 10/49 | €1,543,552 | €1,518,730 | -€24,822 | -1.6% |
| Equity | 10/15 | €1,497,349 | €1,465,737 | -€31,612 | -2.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,478,749 | €1,447,137 | -€31,612 | -2.1% |
| Distributable reserves | 133 | €1,478,749 | €1,447,137 | -€31,612 | -2.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €46,203 | €52,993 | +€6,790 | +14.7% |
| Amounts payable within one year | 42/48 | €46,203 | €52,993 | +€6,790 | +14.7% |
| Trade debts | 44 | €3,286 | €17,223 | +€13,937 | +424% |
| Suppliers | 440/4 | €3,286 | €17,223 | +€13,937 | +424% |
| Taxes, remuneration and social security | 45 | €35,225 | €25,770 | -€9,455 | -26.8% |
| Taxes | 450/3 | €2,842 | €0 | -€2,842 | -100% |
| Remuneration and social security | 454/9 | €32,383 | €25,770 | -€6,613 | -20.4% |
| Other amounts payable | 47/48 | €7,691 | €10,000 | +€2,309 | +30.0% |
| Remuneration, social security and pensions | 62 | €188,270 | €194,007 | +€5,737 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,087 | €11,809 | +€7,722 | +189% |
| Other operating charges | 640/8 | €1,948 | €37,367 | +€35,419 | +1,818% |
| Gross operating margin | 9900 | €596,821 | €693,082 | +€96,261 | +16.1% |
| Operating profit (loss) | 9901 | €402,516 | €449,899 | +€47,383 | +11.8% |
| Financial income | 75/76B | €25,836 | €16,275 | -€9,561 | -37.0% |
| Recurring financial income | 75 | €25,836 | €16,275 | -€9,561 | -37.0% |
| Financial charges | 65/66B | €3,432 | €412 | -€3,020 | -88.0% |
| Recurring financial charges | 65 | €3,432 | €412 | -€3,020 | -88.0% |
| Profit (loss) for the period before taxes | 9903 | €424,921 | €465,763 | +€40,842 | +9.6% |
| Income taxes | 67/77 | €105,115 | €128,434 | +€23,319 | +22.2% |
| Profit (loss) for the period | 9904 | €319,806 | €337,329 | +€17,523 | +5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €319,806 | €337,329 | +€17,523 | +5.5% |
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.