PERSIAN: 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.
PERSIAN
Largest movements
- Receivables within one year +€5,006
up €5,006 (+98.2%), from €5,099 to €10,105
of which Other amounts receivable: +€4,967
- Cash +€2,827
up €2,827 (+2.2%), from €130,969 to €133,796
mainly Net result for the year (+€6,063) and Depreciation (+€2,421)
- Tangible fixed assets -€2,421
down €2,421 (-38.3%), from €6,320 to €3,900
- Reserves +€6,063
up €6,063 (+5.1%), from €118,807 to €124,870
of which Distributable reserves: +€6,063
- Gross operating margin -€15,032
down €15,032 (-51.2%), from €29,361 to €14,329
- Taxes -€3,933
down €3,933 (-56.1%), from €7,015 to €3,083
- Depreciation -€930
down €930 (-27.8%), from €3,351 to €2,421
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 | €148,410 | €153,711 | +€5,301 | +3.6% |
| Fixed assets | 21/28 | €6,320 | €3,900 | -€2,421 | -38.3% |
| Tangible fixed assets | 22/27 | €6,320 | €3,900 | -€2,421 | -38.3% |
| Plant, machinery and equipment | 23 | €289 | €204 | -€85 | -29.3% |
| Furniture and vehicles | 24 | €2,455 | €1,264 | -€1,190 | -48.5% |
| Other tangible fixed assets | 26 | €3,577 | €2,431 | -€1,146 | -32.0% |
| Current assets | 29/58 | €142,089 | €149,811 | +€7,722 | +5.4% |
| Stocks and contracts in progress | 3 | €3,833 | €3,694 | -€139 | -3.6% |
| Stocks | 30/36 | €3,833 | €3,694 | -€139 | -3.6% |
| Amounts receivable within one year | 40/41 | €5,099 | €10,105 | +€5,006 | +98.2% |
| Trade receivables | 40 | €164 | €203 | +€39 | +23.8% |
| Other amounts receivable | 41 | €4,935 | €9,902 | +€4,967 | +100.6% |
| Cash at bank and in hand | 54/58 | €130,969 | €133,796 | +€2,827 | +2.2% |
| Deferred charges and accrued income | 490/1 | €2,188 | €2,216 | +€28 | +1.3% |
| Total equity and liabilities | 10/49 | €148,410 | €153,711 | +€5,301 | +3.6% |
| Equity | 10/15 | €131,207 | €137,270 | +€6,063 | +4.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €118,807 | €124,870 | +€6,063 | +5.1% |
| Non-distributable reserves | 130/1 | €1,240 | €1,240 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,240 | €1,240 | = | 0.0% |
| Distributable reserves | 133 | €117,567 | €123,630 | +€6,063 | +5.2% |
| Amounts payable | 17/49 | €17,203 | €16,441 | -€761 | -4.4% |
| Amounts payable within one year | 42/48 | €17,203 | €16,441 | -€761 | -4.4% |
| Current portion of amounts payable after more than one year | 42 | €3,333 | €3,333 | -€0 | 0.0% |
| Trade debts | 44 | €5,757 | €5,342 | -€415 | -7.2% |
| Suppliers | 440/4 | €5,757 | €5,342 | -€415 | -7.2% |
| Taxes, remuneration and social security | 45 | €4,939 | €4,593 | -€346 | -7.0% |
| Taxes | 450/3 | €1,939 | €1,593 | -€346 | -17.8% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | €3,173 | €3,173 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,351 | €2,421 | -€930 | -27.8% |
| Other operating charges | 640/8 | €1,031 | €1,064 | +€32 | +3.1% |
| Gross operating margin | 9900 | €29,361 | €14,329 | -€15,032 | -51.2% |
| Operating profit (loss) | 9901 | €24,979 | €10,845 | -€14,134 | -56.6% |
| Financial income | 75/76B | €135 | €15 | -€120 | -89.0% |
| Recurring financial income | 75 | €135 | €15 | -€120 | -89.0% |
| Financial charges | 65/66B | €1,748 | €1,715 | -€33 | -1.9% |
| Recurring financial charges | 65 | €1,748 | €1,715 | -€33 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | €23,366 | €9,145 | -€14,221 | -60.9% |
| Income taxes | 67/77 | €7,015 | €3,083 | -€3,933 | -56.1% |
| Profit (loss) for the period | 9904 | €16,351 | €6,063 | -€10,288 | -62.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,351 | €6,063 | -€10,288 | -62.9% |
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 3 October 2026 via checked.be.