PERSOPROJECT: 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.
PERSOPROJECT
Largest movements
- Deferred charges and accrued income -€628,379
no longer reported in 2024 (was €628,379)
- Receivables within one year +€230,741
up €230,741 (+266.2%), from €86,673 to €317,414
of which Other amounts receivable: +€226,231
- Tangible fixed assets -€35,563
down €35,563 (-5.8%), from €612,641 to €577,078
of which Land and buildings: -€32,831
- Debts after one year -€345,328
down €345,328 (-56.5%), from €611,607 to €266,279
- Current portion of long-term debt -€123,382
down €123,382 (-47.4%), from €260,507 to €137,125
- Profit (loss) carried forward +€34,685
up €34,685 (+8.2%), from €421,477 to €456,162
- Depreciation -€38,021
down €38,021 (-51.0%), from €74,588 to €36,567
- Financial income -€36,957
down €36,957 (-69.6%), from €53,087 to €16,129
of which Financial income: -€36,957
- Gross operating margin -€35,623
down €35,623 (-4.5%), from €789,689 to €754,067
- Staff costs +€25,897
up €25,897 (+6.8%), from €379,653 to €405,549
- Taxes -€20,000
down €20,000 (-66.7%), from €30,000 to €10,000
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,533,860 | €1,100,852 | -€433,008 | -28.2% |
| Fixed assets | 21/28 | €612,641 | €577,078 | -€35,563 | -5.8% |
| Tangible fixed assets | 22/27 | €612,641 | €577,078 | -€35,563 | -5.8% |
| Land and buildings | 22 | €539,075 | €506,243 | -€32,831 | -6.1% |
| Furniture and vehicles | 24 | €73,567 | €70,835 | -€2,732 | -3.7% |
| Current assets | 29/58 | €921,218 | €523,774 | -€397,445 | -43.1% |
| Amounts receivable within one year | 40/41 | €86,673 | €317,414 | +€230,741 | +266.2% |
| Trade receivables | 40 | €38,706 | €43,216 | +€4,509 | +11.7% |
| Other amounts receivable | 41 | €47,967 | €274,198 | +€226,231 | +471.6% |
| Cash at bank and in hand | 54/58 | €206,166 | €206,360 | +€194 | +0.1% |
| Deferred charges and accrued income | 490/1 | €628,379 | - | -€628,379 | |
| Total equity and liabilities | 10/49 | €1,533,860 | €1,100,852 | -€433,008 | -28.2% |
| Equity | 10/15 | €482,100 | €516,785 | +€34,685 | +7.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €42,031 | €42,031 | = | 0.0% |
| Non-distributable reserves | 130/1 | €42,031 | €42,031 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €40,171 | €40,171 | = | 0.0% |
| Profit (loss) carried forward | 14 | €421,477 | €456,162 | +€34,685 | +8.2% |
| Amounts payable | 17/49 | €1,051,760 | €584,067 | -€467,693 | -44.5% |
| Amounts payable after more than one year | 17 | €611,607 | €266,279 | -€345,328 | -56.5% |
| Financial debts | 170/4 | €611,607 | €266,279 | -€345,328 | -56.5% |
| Amounts payable within one year | 42/48 | €440,152 | €317,788 | -€122,365 | -27.8% |
| Current portion of amounts payable after more than one year | 42 | €260,507 | €137,125 | -€123,382 | -47.4% |
| Trade debts | 44 | €10,991 | €160 | -€10,831 | -98.5% |
| Suppliers | 440/4 | €10,991 | €160 | -€10,831 | -98.5% |
| Other amounts payable | 47/48 | €168,654 | €180,503 | +€11,849 | +7.0% |
| Remuneration, social security and pensions | 62 | €379,653 | €405,549 | +€25,897 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,588 | €36,567 | -€38,021 | -51.0% |
| Other operating charges | 640/8 | €20,710 | €38,615 | +€17,905 | +86.5% |
| Gross operating margin | 9900 | €789,689 | €754,067 | -€35,623 | -4.5% |
| Operating profit (loss) | 9901 | €314,739 | €273,335 | -€41,403 | -13.2% |
| Financial income | 75/76B | €53,087 | €16,129 | -€36,957 | -69.6% |
| Recurring financial income | 75 | €53,087 | €16,129 | -€36,957 | -69.6% |
| Non-recurring financial income | 76B | €53,087 | €16,129 | -€36,957 | -69.6% |
| Financial charges | 65/66B | €244,163 | €244,779 | +€617 | +0.3% |
| Recurring financial charges | 65 | €244,163 | €244,779 | +€617 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €123,663 | €44,685 | -€78,977 | -63.9% |
| Income taxes | 67/77 | €30,000 | €10,000 | -€20,000 | -66.7% |
| Profit (loss) for the period | 9904 | €93,663 | €34,685 | -€58,977 | -63.0% |
| Profit (loss) for the period to be appropriated | 9905 | €93,663 | €34,685 | -€58,977 | -63.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.