PERRON 5: 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.
PERRON 5
Largest movements
- Cash -€26,109
down €26,109 (-35.4%), from €73,777 to €47,668
mainly Tax, wage and social debts (-€33,062) and Short-term financial debts (-€15,000)
- Receivables within one year -€22,869
down €22,869 (-10.1%), from €226,258 to €203,390
of which Trade receivables: -€17,440
- Tangible fixed assets -€11,983
down €11,983 (-31.7%), from €37,811 to €25,828
of which Plant, machinery and equipment: -€7,971
- Financial fixed assets +€6,048
up €6,048 (+100.3%), from €6,030 to €12,078
- Stocks and contracts -€5,500
no longer reported in 2025 (was €5,500)
- Tax, wage and social debts -€33,062
down €33,062 (-84.0%), from €39,342 to €6,280
- Short-term financial debts -€15,000
no longer reported in 2025 (was €15,000)
- Trade debts -€10,313
down €10,313 (-14.1%), from €73,213 to €62,900
- Gross operating margin -€47,865
down €47,865 (-78.4%), from €61,026 to €13,162
- Taxes -€11,144
down €11,144 (-94.5%), from €11,799 to €654
- Other operating charges -€7,200
down €7,200 (-83.3%), from €8,647 to €1,447
- Depreciation -€2,791
down €2,791 (-18.9%), from €14,774 to €11,983
- Financial income +€1,313
up €1,313 (+462.5%), from €284 to €1,597
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 | €350,542 | €289,242 | -€61,300 | -17.5% |
| Fixed assets | 21/28 | €43,841 | €37,906 | -€5,935 | -13.5% |
| Tangible fixed assets | 22/27 | €37,811 | €25,828 | -€11,983 | -31.7% |
| Land and buildings | 22 | €2,144 | €1,429 | -€715 | -33.3% |
| Plant, machinery and equipment | 23 | €25,226 | €17,255 | -€7,971 | -31.6% |
| Furniture and vehicles | 24 | €10,442 | €7,145 | -€3,298 | -31.6% |
| Financial fixed assets | 28 | €6,030 | €12,078 | +€6,048 | +100.3% |
| Current assets | 29/58 | €306,700 | €251,335 | -€55,365 | -18.1% |
| Stocks and contracts in progress | 3 | €5,500 | - | -€5,500 | |
| Contracts in progress | 37 | €5,500 | - | -€5,500 | |
| Amounts receivable within one year | 40/41 | €226,258 | €203,390 | -€22,869 | -10.1% |
| Trade receivables | 40 | €217,628 | €200,188 | -€17,440 | -8.0% |
| Other amounts receivable | 41 | €8,630 | €3,201 | -€5,429 | -62.9% |
| Cash at bank and in hand | 54/58 | €73,777 | €47,668 | -€26,109 | -35.4% |
| Deferred charges and accrued income | 490/1 | €1,165 | €277 | -€887 | -76.2% |
| Total equity and liabilities | 10/49 | €350,542 | €289,242 | -€61,300 | -17.5% |
| Equity | 10/15 | €180,735 | €180,886 | +€151 | +0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €162,135 | €162,286 | +€151 | +0.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €160,275 | €160,426 | +€151 | +0.1% |
| Amounts payable | 17/49 | €169,806 | €108,356 | -€61,451 | -36.2% |
| Amounts payable within one year | 42/48 | €169,806 | €108,356 | -€61,451 | -36.2% |
| Financial debts | 43 | €15,000 | - | -€15,000 | |
| Other loans | 439 | €15,000 | - | -€15,000 | |
| Trade debts | 44 | €73,213 | €62,900 | -€10,313 | -14.1% |
| Suppliers | 440/4 | €73,213 | €62,900 | -€10,313 | -14.1% |
| Taxes, remuneration and social security | 45 | €39,342 | €6,280 | -€33,062 | -84.0% |
| Taxes | 450/3 | €39,342 | €6,280 | -€33,062 | -84.0% |
| Other amounts payable | 47/48 | €42,252 | €39,176 | -€3,076 | -7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,774 | €11,983 | -€2,791 | -18.9% |
| Other operating charges | 640/8 | €8,647 | €1,447 | -€7,200 | -83.3% |
| Gross operating margin | 9900 | €61,026 | €13,162 | -€47,865 | -78.4% |
| Operating profit (loss) | 9901 | €37,605 | -€269 | -€37,874 | |
| Financial income | 75/76B | €284 | €1,597 | +€1,313 | +462.5% |
| Recurring financial income | 75 | €284 | €1,597 | +€1,313 | +462.5% |
| Financial charges | 65/66B | €1,071 | €524 | -€547 | -51.1% |
| Recurring financial charges | 65 | €1,071 | €524 | -€547 | -51.1% |
| Profit (loss) for the period before taxes | 9903 | €36,818 | €805 | -€36,013 | -97.8% |
| Income taxes | 67/77 | €11,799 | €654 | -€11,144 | -94.5% |
| Profit (loss) for the period | 9904 | €25,020 | €151 | -€24,869 | -99.4% |
| Profit (loss) for the period to be appropriated | 9905 | €25,020 | €151 | -€24,869 | -99.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.