Perpetuum Ventures: 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 Ventures
Largest movements
- Receivables within one year -€197,759
down €197,759 (-48.7%), from €406,079 to €208,320
of which Other amounts receivable: -€103,106
- Receivables after one year -€79,976
down €79,976 (-27.0%), from €295,771 to €215,795
- Financial fixed assets +€24,174
up €24,174 (+20.9%), from €115,397 to €139,571
- Deferred charges and accrued income +€22,109
up €22,109 (+868%), from €2,548 to €24,657
- Cash +€21,002
up €21,002 (+11,428%), from €184 to €21,186
mainly Receivables within one year (+€197,759) and Other debts (+€98,225)
- Reserves -€290,248
down €290,248 (-75.3%), from €385,397 to €95,149
of which Distributable reserves: -€290,248
- Other debts +€98,225
up €98,225 (+72.3%), from €135,777 to €234,002
- Tax, wage and social debts -€41,564
down €41,564 (-56.1%), from €74,133 to €32,569
- Debts after one year +€30,808
up €30,808 (+23.1%), from €133,654 to €164,462
- Gross operating margin -€31,147
down €31,147 (-21.5%), from €145,084 to €113,937
- Taxes -€12,451
down €12,451 (-34.3%), from €36,329 to €23,878
- Financial income -€5,348
down €5,348 (-36.4%), from €14,700 to €9,352
- Financial charges +€2,741
up €2,741 (+71.1%), from €3,854 to €6,595
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 | €834,534 | €629,325 | -€205,209 | -24.6% |
| Fixed assets | 21/28 | €129,952 | €159,367 | +€29,415 | +22.6% |
| Intangible fixed assets | 21 | €9,486 | €9,222 | -€264 | -2.8% |
| Tangible fixed assets | 22/27 | €5,069 | €10,574 | +€5,505 | +109% |
| Furniture and vehicles | 24 | €5,069 | €6,612 | +€1,543 | +30.4% |
| Other tangible fixed assets | 26 | - | €3,962 | +€3,962 | |
| Financial fixed assets | 28 | €115,397 | €139,571 | +€24,174 | +20.9% |
| Current assets | 29/58 | €704,582 | €469,958 | -€234,624 | -33.3% |
| Amounts receivable after more than one year | 29 | €295,771 | €215,795 | -€79,976 | -27.0% |
| Trade receivables | 290 | €295,771 | €215,795 | -€79,976 | -27.0% |
| Amounts receivable within one year | 40/41 | €406,079 | €208,320 | -€197,759 | -48.7% |
| Trade receivables | 40 | €288,493 | €193,841 | -€94,653 | -32.8% |
| Other amounts receivable | 41 | €117,586 | €14,479 | -€103,106 | -87.7% |
| Cash at bank and in hand | 54/58 | €184 | €21,186 | +€21,002 | +11,428% |
| Deferred charges and accrued income | 490/1 | €2,548 | €24,657 | +€22,109 | +868% |
| Total equity and liabilities | 10/49 | €834,534 | €629,325 | -€205,209 | -24.6% |
| Equity | 10/15 | €485,397 | €195,149 | -€290,248 | -59.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €385,397 | €95,149 | -€290,248 | -75.3% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €375,397 | €85,149 | -€290,248 | -77.3% |
| Amounts payable | 17/49 | €349,137 | €434,176 | +€85,039 | +24.4% |
| Amounts payable after more than one year | 17 | €133,654 | €164,462 | +€30,808 | +23.1% |
| Financial debts | 170/4 | €133,654 | €164,462 | +€30,808 | +23.1% |
| Amounts payable within one year | 42/48 | €215,484 | €269,714 | +€54,231 | +25.2% |
| Financial debts | 43 | €757 | €1,054 | +€298 | +39.3% |
| Credit institutions | 430/8 | €757 | €1,054 | +€298 | +39.3% |
| Trade debts | 44 | €4,817 | €2,089 | -€2,728 | -56.6% |
| Suppliers | 440/4 | €4,817 | €2,089 | -€2,728 | -56.6% |
| Taxes, remuneration and social security | 45 | €74,133 | €32,569 | -€41,564 | -56.1% |
| Taxes | 450/3 | €74,133 | €32,569 | -€41,564 | -56.1% |
| Other amounts payable | 47/48 | €135,777 | €234,002 | +€98,225 | +72.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,741 | €7,085 | +€1,344 | +23.4% |
| Other operating charges | 640/8 | €140 | €583 | +€443 | +316% |
| Gross operating margin | 9900 | €145,084 | €113,937 | -€31,147 | -21.5% |
| Operating profit (loss) | 9901 | €139,203 | €106,270 | -€32,934 | -23.7% |
| Financial income | 75/76B | €14,700 | €9,352 | -€5,348 | -36.4% |
| Recurring financial income | 75 | €14,700 | €9,352 | -€5,348 | -36.4% |
| Financial charges | 65/66B | €3,854 | €6,595 | +€2,741 | +71.1% |
| Recurring financial charges | 65 | €3,854 | €6,595 | +€2,741 | +71.1% |
| Profit (loss) for the period before taxes | 9903 | €150,049 | €109,027 | -€41,022 | -27.3% |
| Income taxes | 67/77 | €36,329 | €23,878 | -€12,451 | -34.3% |
| Profit (loss) for the period | 9904 | €113,721 | €85,149 | -€28,571 | -25.1% |
| Profit (loss) for the period to be appropriated | 9905 | €113,721 | €85,149 | -€28,571 | -25.1% |
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 15 October 2026 via checked.be.