PERSEFON: 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.
PERSEFON
Largest movements
- Receivables within one year -€3,237
down €3,237 (-75.4%), from €4,294 to €1,057
of which Other amounts receivable: -€2,249
- Cash -€1,810
down €1,810 (-41.1%), from €4,406 to €2,596
mainly Trade debts (-€9,007) and Tax, wage and social debts (-€3,209)
- Tangible fixed assets -€1,007
down €1,007 (-25.6%), from €3,932 to €2,925
of which Furniture and vehicles: -€2,419
- Trade debts -€9,007
down €9,007 (-39.6%), from €22,769 to €13,762
- Profit (loss) carried forward +€5,714
up €5,714 (+12.9%), from -€44,321 to -€38,606
- Tax, wage and social debts -€3,209
down €3,209 (-18.6%), from €17,290 to €14,081
of which Taxes: -€5,499
- Staff costs -€16,079
down €16,079 (-21.6%), from €74,390 to €58,311
- Gross operating margin -€15,934
down €15,934 (-17.5%), from €90,879 to €74,945
- Other operating charges -€5,765
down €5,765 (-78.0%), from €7,386 to €1,621
- Financial charges +€4,986
up €4,986 (+309.3%), from €1,612 to €6,598
- Depreciation -€1,242
down €1,242 (-53.9%), from €2,306 to €1,064
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 | €32,422 | €26,173 | -€6,249 | -19.3% |
| Fixed assets | 21/28 | €17,432 | €16,425 | -€1,007 | -5.8% |
| Tangible fixed assets | 22/27 | €3,932 | €2,925 | -€1,007 | -25.6% |
| Plant, machinery and equipment | 23 | €109 | €1,521 | +€1,412 | +1299.5% |
| Furniture and vehicles | 24 | €3,823 | €1,404 | -€2,419 | -63.3% |
| Financial fixed assets | 28 | €13,500 | €13,500 | = | 0.0% |
| Current assets | 29/58 | €14,990 | €9,748 | -€5,242 | -35.0% |
| Stocks and contracts in progress | 3 | €6,290 | €6,095 | -€195 | -3.1% |
| Stocks | 30/36 | €6,290 | €6,095 | -€195 | -3.1% |
| Amounts receivable within one year | 40/41 | €4,294 | €1,057 | -€3,237 | -75.4% |
| Trade receivables | 40 | €989 | - | -€989 | |
| Other amounts receivable | 41 | €3,306 | €1,057 | -€2,249 | -68.0% |
| Cash at bank and in hand | 54/58 | €4,406 | €2,596 | -€1,810 | -41.1% |
| Total equity and liabilities | 10/49 | €32,422 | €26,173 | -€6,249 | -19.3% |
| Equity | 10/15 | -€25,721 | -€20,006 | +€5,714 | +22.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,321 | -€38,606 | +€5,714 | +12.9% |
| Amounts payable | 17/49 | €58,143 | €46,179 | -€11,963 | -20.6% |
| Amounts payable within one year | 42/48 | €58,143 | €46,179 | -€11,963 | -20.6% |
| Trade debts | 44 | €22,769 | €13,762 | -€9,007 | -39.6% |
| Suppliers | 440/4 | €22,769 | €13,762 | -€9,007 | -39.6% |
| Taxes, remuneration and social security | 45 | €17,290 | €14,081 | -€3,209 | -18.6% |
| Taxes | 450/3 | €5,499 | - | -€5,499 | |
| Remuneration and social security | 454/9 | €11,791 | €14,081 | +€2,289 | +19.4% |
| Other amounts payable | 47/48 | €18,084 | €18,337 | +€253 | +1.4% |
| Remuneration, social security and pensions | 62 | €74,390 | €58,311 | -€16,079 | -21.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,306 | €1,064 | -€1,242 | -53.9% |
| Other operating charges | 640/8 | €7,386 | €1,621 | -€5,765 | -78.0% |
| Non-recurring operating charges | 66A | - | €1,732 | +€1,732 | |
| Gross operating margin | 9900 | €90,879 | €74,945 | -€15,934 | -17.5% |
| Operating profit (loss) | 9901 | €6,798 | €12,217 | +€5,419 | +79.7% |
| Financial income | 75/76B | €111 | €95 | -€16 | -14.0% |
| Recurring financial income | 75 | €111 | €95 | -€16 | -14.0% |
| Financial charges | 65/66B | €1,612 | €6,598 | +€4,986 | +309.3% |
| Recurring financial charges | 65 | €1,612 | €6,598 | +€4,986 | +309.3% |
| Profit (loss) for the period before taxes | 9903 | €5,297 | €5,714 | +€417 | +7.9% |
| Profit (loss) for the period | 9904 | €5,297 | €5,714 | +€417 | +7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,297 | €5,714 | +€417 | +7.9% |
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 1 October 2026 via checked.be.