PERSEUS GROUP: 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.
What changed
PERSEUS GROUP
NACE 64.210, Activities of holding companies
financial year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€3.9m
2023 · -€3.4m-€477,977
Equity
-€7.9m
2023 · -€4.0m-€3.9m
Cash
€6,655
2023 · €364,916-€358,261
Balance sheet total
€35.6m
2023 · €33.2m+€2.5m
Largest movements
Assets
- Financial fixed assets +€3.3m
up €3.3m (+11.8%), from €27.5m to €30.8m
of which Affiliated companies: +€3.3m
- Cash -€358,261
down €358,261 (-98.2%), from €364,916 to €6,655
mainly Current portion of long-term debt (-€35.4m) and Net result for the year (-€3.9m)
Equity and liabilities
- Current portion of long-term debt -€35.4m
no longer reported in 2024 (was €35.4m)
- Debts after one year +€35.3m
new in 2024: €35.3m
- Other debts +€6.6m
up €6.6m (+662096700.0%), from €1 to €6.6m
- Profit (loss) carried forward -€3.9m
down €3.9m (-53.7%), from -€7.3m to -€11.2m
- Accrued charges and deferred income -€361,909
down €361,909 (-23.2%), from €1.6m to €1.2m
Income statement
- Financial charges +€1.6m
up €1.6m (+55.5%), from €3.0m to €4.6m
- Financial income +€722,822
up €722,822 (+113.1%), from €638,983 to €1.4m
- Turnover +€383,925
up €383,925 (+57.2%), from €671,069 to €1.1m
- Depreciation -€84,552
down €84,552 (-28.7%), from €294,537 to €209,985
- Other operating income +€52,006
up €52,006 (+28.2%), from €184,116 to €236,122
From the 2023 result to the 2024 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.
Result 2023
-€3.4m
Turnover
+€383,925
Other operating income
+€52,006
Services and other goods
-€37,206
Staff costs
+€541
Depreciation
+€84,552
Other operating charges
-€27,904
Other operating items
-€20,000
Financial income
+€722,822
Financial charges
-€1.6m
Result 2024
-€3.9m
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€3.1m
Investment
-€3.4m
Financing
-€51,391
Cash 2023
€364,916
From operations (derived)
+€3.1m
Net result for the year
-€3.9m
Depreciation
+€209,985
Smaller working-capital items
+€36,213
Deferred charges and accrued income
+€338,171
Trade debts
+€167,073
Other debts
+€6.6m
Accrued charges and deferred income
-€361,909
Investment (derived)
-€3.4m
Investment in fixed assets (net)
-€3.4m
Financing
-€51,391
Debts after one year
+€35.3m
Current portion of long-term debt
-€35.4m
Cash 2024
€6,655
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €33,162,488 | €35,616,269 | +€2.5m | +7.4% |
| Formation expenses | 20 | €237,244 | €187,602 | -€49,642 | -20.9% |
| Fixed assets | 21/28 | €27,681,299 | €30,934,972 | +€3.3m | +11.8% |
| Intangible fixed assets | 21 | €141,285 | €141,285 | = | 0.0% |
| Financial fixed assets | 28 | €27,540,014 | €30,793,687 | +€3.3m | +11.8% |
| Affiliated companies | 280/1 | €27,539,864 | €30,793,537 | +€3.3m | +11.8% |
| Participating interests | 280 | €4,652,876 | €4,652,876 | = | 0.0% |
| Amounts receivable | 281 | €22,886,988 | €26,140,661 | +€3.3m | +14.2% |
| Other financial fixed assets | 284/8 | €150 | €150 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €5,243,945 | €4,493,695 | -€750,250 | -14.3% |
| Amounts receivable within one year | 40/41 | €1,234,038 | €1,180,220 | -€53,818 | -4.4% |
| Trade receivables | 40 | €1,234,038 | €1,180,220 | -€53,818 | -4.4% |
| Cash at bank and in hand | 54/58 | €364,916 | €6,655 | -€358,261 | -98.2% |
| Deferred charges and accrued income | 490/1 | €3,644,991 | €3,306,820 | -€338,171 | -9.3% |
| Total equity and liabilities | 10/49 | €33,162,488 | €35,616,269 | +€2.5m | +7.4% |
| Equity | 10/15 | -€3,950,500 | -€7,853,854 | -€3.9m | -98.8% |
| Contributions | 10/11 | €3,234,217 | €3,234,217 | = | 0.0% |
| Capital | 10 | €3,233,917 | €3,233,917 | = | 0.0% |
| Issued capital | 100 | €3,233,917 | €3,233,917 | = | 0.0% |
| Contributions outside capital | 11 | €300 | €300 | = | 0.0% |
| Share premium | 1100/10 | €300 | €300 | = | 0.0% |
| Reserves | 13 | €84,482 | €84,482 | = | 0.0% |
| Non-distributable reserves | 130/1 | €84,482 | €84,482 | = | 0.0% |
| Legal reserve | 130 | €84,482 | €84,482 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,269,199 | -€11,172,553 | -€3.9m | -53.7% |
| Amounts payable | 17/49 | €37,112,988 | €43,470,123 | +€6.4m | +17.1% |
| Amounts payable after more than one year | 17 | - | €35,305,500 | +€35.3m | |
| Financial debts | 170/4 | - | €35,305,500 | +€35.3m | |
| Other loans | 174 | - | €35,305,500 | +€35.3m | |
| Amounts payable within one year | 42/48 | €35,555,300 | €6,968,844 | -€28.6m | -80.4% |
| Current portion of amounts payable after more than one year | 42 | €35,356,891 | - | -€35.4m | |
| Trade debts | 44 | €164,791 | €331,864 | +€167,073 | +101.4% |
| Suppliers | 440/4 | €164,791 | €331,864 | +€167,073 | +101.4% |
| Taxes, remuneration and social security | 45 | €33,617 | €16,012 | -€17,605 | -52.4% |
| Taxes | 450/3 | €27,532 | €8,533 | -€18,999 | -69.0% |
| Remuneration and social security | 454/9 | €6,085 | €7,479 | +€1,394 | +22.9% |
| Other amounts payable | 47/48 | €1 | €6,620,968 | +€6.6m | +662096700.0% |
| Accrued charges and deferred income | 492/3 | €1,557,688 | €1,195,779 | -€361,909 | -23.2% |
| Operating income | 70/76A | €855,185 | €1,291,116 | +€435,931 | +51.0% |
| Turnover | 70 | €671,069 | €1,054,994 | +€383,925 | +57.2% |
| Other operating income | 74 | €184,116 | €236,122 | +€52,006 | +28.2% |
| Operating charges | 60/66A | €1,969,271 | €1,969,288 | +€17 | 0.0% |
| Services and other goods | 61 | €1,087,437 | €1,124,643 | +€37,206 | +3.4% |
| Remuneration, social security and pensions | 62 | €29,874 | €29,333 | -€541 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €294,537 | €209,985 | -€84,552 | -28.7% |
| Other operating charges | 640/8 | €197,423 | €225,327 | +€27,904 | +14.1% |
| Non-recurring operating charges | 66A | €360,000 | €380,000 | +€20,000 | +5.6% |
| Operating profit (loss) | 9901 | -€1,114,086 | -€678,172 | +€435,914 | +39.1% |
| Financial income | 75/76B | €638,983 | €1,361,805 | +€722,822 | +113.1% |
| Recurring financial income | 75 | €638,983 | €1,361,805 | +€722,822 | +113.1% |
| Income from current assets | 751 | €636,251 | €1,356,911 | +€720,660 | +113.3% |
| Other financial income | 752/9 | €2,732 | €4,894 | +€2,162 | +79.1% |
| Financial charges | 65/66B | €2,950,274 | €4,586,987 | +€1.6m | +55.5% |
| Recurring financial charges | 65 | €2,950,274 | €4,586,987 | +€1.6m | +55.5% |
| Debt charges | 650 | €2,946,745 | €4,583,841 | +€1.6m | +55.6% |
| Other financial charges | 652/9 | €3,529 | €3,146 | -€383 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,425,377 | -€3,903,354 | -€477,977 | -14.0% |
| Profit (loss) for the period | 9904 | -€3,425,377 | -€3,903,354 | -€477,977 | -14.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,425,377 | -€3,903,354 | -€477,977 | -14.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.