Perspective Fund 2: 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.
Perspective Fund 2
Largest movements
- Receivables within one year +€2.5m
up €2.5m (+399%), from €627,597 to €3.1m
of which Other amounts receivable: +€2.2m
- Stocks and contracts +€493,417
up €493,417 (+40.5%), from €1.2m to €1.7m
- Cash -€281,399
down €281,399 (-77.7%), from €361,977 to €80,577
mainly Receivables within one year (-€2.5m) and Stocks and contracts (-€493,417)
- Financial fixed assets +€112,000
new in 2025: €112,000
- Contributions +€2.9m
up €2.9m (+134%), from €2.1m to €5.0m
- Financial charges +€4,545
up €4,545 (+6,752%), from €67 to €4,612
- Gross operating margin +€2,581
up €2,581 (+49.5%), from -€5,218 to -€2,637
- Other operating charges -€1,113
down €1,113 (-83.8%), from €1,328 to €216
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.
Derived cash bridge
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 | €2,207,387 | €5,033,333 | +€2.8m | +128% |
| Fixed assets | 21/28 | - | €112,000 | +€112,000 | |
| Financial fixed assets | 28 | - | €112,000 | +€112,000 | |
| Current assets | 29/58 | €2,207,387 | €4,921,333 | +€2.7m | +123% |
| Stocks and contracts in progress | 3 | €1,217,814 | €1,711,231 | +€493,417 | +40.5% |
| Stocks | 30/36 | €1,217,814 | €1,711,231 | +€493,417 | +40.5% |
| Amounts receivable within one year | 40/41 | €627,597 | €3,129,525 | +€2.5m | +399% |
| Trade receivables | 40 | - | €304,356 | +€304,356 | |
| Other amounts receivable | 41 | €627,597 | €2,825,168 | +€2.2m | +350% |
| Cash at bank and in hand | 54/58 | €361,977 | €80,577 | -€281,399 | -77.7% |
| Total equity and liabilities | 10/49 | €2,207,387 | €5,033,333 | +€2.8m | +128% |
| Equity | 10/15 | €2,127,137 | €4,984,215 | +€2.9m | +134% |
| Contributions | 10/11 | €2,135,458 | €5,000,000 | +€2.9m | +134% |
| Profit (loss) carried forward | 14 | -€8,321 | -€15,785 | -€7,465 | -89.7% |
| Amounts payable | 17/49 | €80,250 | €49,118 | -€31,132 | -38.8% |
| Amounts payable within one year | 42/48 | €80,250 | €49,118 | -€31,132 | -38.8% |
| Trade debts | 44 | €30,250 | €49,118 | +€18,868 | +62.4% |
| Suppliers | 440/4 | €30,250 | €49,118 | +€18,868 | +62.4% |
| Other amounts payable | 47/48 | €50,000 | €0 | -€50,000 | -100% |
| Other operating charges | 640/8 | €1,328 | €216 | -€1,113 | -83.8% |
| Gross operating margin | 9900 | -€5,218 | -€2,637 | +€2,581 | +49.5% |
| Operating profit (loss) | 9901 | -€6,546 | -€2,853 | +€3,694 | +56.4% |
| Financial charges | 65/66B | €67 | €4,612 | +€4,545 | +6,752% |
| Recurring financial charges | 65 | €67 | €4,612 | +€4,545 | +6,752% |
| Profit (loss) for the period before taxes | 9903 | -€6,614 | -€7,465 | -€851 | -12.9% |
| Profit (loss) for the period | 9904 | -€6,614 | -€7,465 | -€851 | -12.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,614 | -€7,465 | -€851 | -12.9% |
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 17 October 2026 via checked.be.