PERSEFONIS: 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.
PERSEFONIS
Largest movements
- Cash -€30,987
down €30,987 (-12.4%), from €250,830 to €219,842
mainly Contributions, distributions and other (-€70,000) and Other debts (-€15,000)
- Receivables within one year +€9,869
up €9,869 (+669.6%), from €1,474 to €11,342
of which Trade receivables: +€5,926
- Other debts -€15,000
down €15,000 (-17.4%), from €86,048 to €71,048
- Profit (loss) carried forward -€6,964
down €6,964 (-94.7%), from €7,354 to €390
- Gross operating margin -€30,065
down €30,065 (-26.1%), from €115,032 to €84,967
- Taxes -€7,493
down €7,493 (-26.2%), from €28,550 to €21,057
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 | €256,364 | €234,816 | -€21,548 | -8.4% |
| Fixed assets | 21/28 | €4,060 | €3,631 | -€429 | -10.6% |
| Tangible fixed assets | 22/27 | €4,060 | €3,631 | -€429 | -10.6% |
| Plant, machinery and equipment | 23 | €4,060 | €3,631 | -€429 | -10.6% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €252,303 | €231,185 | -€21,119 | -8.4% |
| Amounts receivable within one year | 40/41 | €1,474 | €11,342 | +€9,869 | +669.6% |
| Trade receivables | 40 | - | €5,926 | +€5,926 | |
| Other amounts receivable | 41 | €1,474 | €5,416 | +€3,943 | +267.5% |
| Cash at bank and in hand | 54/58 | €250,830 | €219,842 | -€30,987 | -12.4% |
| Total equity and liabilities | 10/49 | €256,364 | €234,816 | -€21,548 | -8.4% |
| Equity | 10/15 | €170,104 | €163,140 | -€6,964 | -4.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €144,150 | €144,150 | = | 0.0% |
| Distributable reserves | 133 | €144,150 | €144,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,354 | €390 | -€6,964 | -94.7% |
| Amounts payable | 17/49 | €86,260 | €71,677 | -€14,583 | -16.9% |
| Amounts payable within one year | 42/48 | €86,260 | €71,677 | -€14,583 | -16.9% |
| Trade debts | 44 | €212 | €628 | +€417 | +196.7% |
| Suppliers | 440/4 | €212 | €628 | +€417 | +196.7% |
| Other amounts payable | 47/48 | €86,048 | €71,048 | -€15,000 | -17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €231 | €429 | +€198 | +85.8% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €115,032 | €84,967 | -€30,065 | -26.1% |
| Operating profit (loss) | 9901 | €114,414 | €84,138 | -€30,276 | -26.5% |
| Financial charges | 65/66B | €213 | €45 | -€168 | -78.9% |
| Recurring financial charges | 65 | €213 | €45 | -€168 | -78.9% |
| Profit (loss) for the period before taxes | 9903 | €114,200 | €84,093 | -€30,107 | -26.4% |
| Income taxes | 67/77 | €28,550 | €21,057 | -€7,493 | -26.2% |
| Profit (loss) for the period | 9904 | €85,650 | €63,036 | -€22,615 | -26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €85,650 | €63,036 | -€22,615 | -26.4% |
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 29 September 2026 via checked.be.