PERSEVERARE: 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.
PERSEVERARE
Largest movements
- Cash +€77,995
up €77,995 (+100.6%), from €77,536 to €155,532
mainly Net result for the year (+€70,809) and Tax, wage and social debts (+€18,007)
- Deferred charges and accrued income +€6,121
up €6,121 (+536.8%), from €1,140 to €7,261
- Receivables within one year +€3,192
up €3,192 (+9.3%), from €34,283 to €37,475
of which Trade receivables: +€3,157
- Reserves +€70,809
up €70,809 (+86.1%), from €82,279 to €153,088
- Tax, wage and social debts +€18,007
up €18,007 (+55.5%), from €32,424 to €50,432
of which Taxes: +€17,657
- Gross operating margin -€13,337
down €13,337 (-12.7%), from €105,184 to €91,847
- Taxes -€3,224
down €3,224 (-15.0%), from €21,457 to €18,233
- Depreciation +€1,222
up €1,222 (+146.1%), from €836 to €2,058
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 | €121,124 | €209,107 | +€87,983 | +72.6% |
| Fixed assets | 21/28 | €8,164 | €8,839 | +€675 | +8.3% |
| Tangible fixed assets | 22/27 | €8,164 | €8,839 | +€675 | +8.3% |
| Plant, machinery and equipment | 23 | - | €1,750 | +€1,750 | |
| Furniture and vehicles | 24 | €8,164 | €7,090 | -€1,074 | -13.2% |
| Current assets | 29/58 | €112,960 | €200,268 | +€87,308 | +77.3% |
| Amounts receivable within one year | 40/41 | €34,283 | €37,475 | +€3,192 | +9.3% |
| Trade receivables | 40 | €34,283 | €37,440 | +€3,157 | +9.2% |
| Other amounts receivable | 41 | - | €35 | +€35 | |
| Cash at bank and in hand | 54/58 | €77,536 | €155,532 | +€77,995 | +100.6% |
| Deferred charges and accrued income | 490/1 | €1,140 | €7,261 | +€6,121 | +536.8% |
| Total equity and liabilities | 10/49 | €121,124 | €209,107 | +€87,983 | +72.6% |
| Equity | 10/15 | €87,279 | €158,088 | +€70,809 | +81.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €82,279 | €153,088 | +€70,809 | +86.1% |
| Distributable reserves | 133 | €82,279 | €153,088 | +€70,809 | +86.1% |
| Amounts payable | 17/49 | €33,845 | €51,019 | +€17,174 | +50.7% |
| Amounts payable within one year | 42/48 | €33,495 | €50,611 | +€17,116 | +51.1% |
| Trade debts | 44 | €1,070 | €179 | -€891 | -83.3% |
| Suppliers | 440/4 | €1,070 | €179 | -€891 | -83.3% |
| Taxes, remuneration and social security | 45 | €32,424 | €50,432 | +€18,007 | +55.5% |
| Taxes | 450/3 | €30,174 | €47,832 | +€17,657 | +58.5% |
| Remuneration and social security | 454/9 | €2,250 | €2,600 | +€350 | +15.6% |
| Accrued charges and deferred income | 492/3 | €350 | €408 | +€58 | +16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €836 | €2,058 | +€1,222 | +146.1% |
| Other operating charges | 640/8 | €520 | €549 | +€29 | +5.5% |
| Gross operating margin | 9900 | €105,184 | €91,847 | -€13,337 | -12.7% |
| Operating profit (loss) | 9901 | €103,828 | €89,240 | -€14,588 | -14.1% |
| Financial charges | 65/66B | €91 | €198 | +€106 | +116.8% |
| Recurring financial charges | 65 | €91 | €198 | +€106 | +116.8% |
| Profit (loss) for the period before taxes | 9903 | €103,736 | €89,042 | -€14,694 | -14.2% |
| Income taxes | 67/77 | €21,457 | €18,233 | -€3,224 | -15.0% |
| Profit (loss) for the period | 9904 | €82,279 | €70,809 | -€11,470 | -13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €82,279 | €70,809 | -€11,470 | -13.9% |
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 11 October 2026 via checked.be.