PERSPECTIVE MANAGEMENT SERVICES: 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 MANAGEMENT SERVICES
Largest movements
- Current investments +€258,984
up €258,984 (+53.1%), from €487,666 to €746,650
- Cash -€172,020
down €172,020 (-36.0%), from €477,801 to €305,782
mainly Current investments (-€258,984) and Contributions, distributions and other (-€40,000)
- Receivables within one year +€30,736
up €30,736 (+291%), from €10,549 to €41,285
of which Trade receivables: +€30,658
- Tangible fixed assets -€23,054
down €23,054 (-17.2%), from €133,945 to €110,892
of which Land and buildings: -€13,908
- Receivables after one year +€22,682
up €22,682 (+5.2%), from €434,560 to €457,241
- Accrued charges and deferred income +€99,000
new in 2025: €99,000
- Other debts -€29,167
down €29,167 (-2.8%), from €1.0m to €998,846
- Reserves +€27,173
up €27,173 (+8.5%), from €321,051 to €348,224
of which Distributable reserves: +€27,173
- Tax, wage and social debts +€19,028
up €19,028 (+291%), from €6,537 to €25,565
- Gross operating margin +€39,283
up €39,283 (+62.2%), from €63,151 to €102,434
- Financial income -€3,089
down €3,089 (-24.4%), from €12,683 to €9,594
- Taxes +€1,924
up €1,924 (+11.9%), from €16,176 to €18,099
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 | €1,547,233 | €1,663,331 | +€116,098 | +7.5% |
| Fixed assets | 21/28 | €133,945 | €110,892 | -€23,054 | -17.2% |
| Tangible fixed assets | 22/27 | €133,945 | €110,892 | -€23,054 | -17.2% |
| Land and buildings | 22 | €99,548 | €85,640 | -€13,908 | -14.0% |
| Plant, machinery and equipment | 23 | €3,299 | €2,254 | -€1,045 | -31.7% |
| Furniture and vehicles | 24 | €31,098 | €22,998 | -€8,100 | -26.0% |
| Current assets | 29/58 | €1,413,287 | €1,552,439 | +€139,152 | +9.8% |
| Amounts receivable after more than one year | 29 | €434,560 | €457,241 | +€22,682 | +5.2% |
| Other amounts receivable | 291 | €434,560 | €457,241 | +€22,682 | +5.2% |
| Amounts receivable within one year | 40/41 | €10,549 | €41,285 | +€30,736 | +291% |
| Trade receivables | 40 | €10,549 | €41,206 | +€30,658 | +291% |
| Other amounts receivable | 41 | - | €79 | +€79 | |
| Current investments | 50/53 | €487,666 | €746,650 | +€258,984 | +53.1% |
| Cash at bank and in hand | 54/58 | €477,801 | €305,782 | -€172,020 | -36.0% |
| Deferred charges and accrued income | 490/1 | €2,712 | €1,482 | -€1,230 | -45.3% |
| Total equity and liabilities | 10/49 | €1,547,233 | €1,663,331 | +€116,098 | +7.5% |
| Equity | 10/15 | €505,169 | €532,342 | +€27,173 | +5.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €321,051 | €348,224 | +€27,173 | +8.5% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €316,051 | €343,224 | +€27,173 | +8.6% |
| Profit (loss) carried forward | 14 | €134,118 | €134,118 | = | 0.0% |
| Amounts payable | 17/49 | €1,042,063 | €1,130,989 | +€88,926 | +8.5% |
| Amounts payable within one year | 42/48 | €1,042,063 | €1,031,989 | -€10,074 | -1.0% |
| Trade debts | 44 | €7,513 | €7,577 | +€64 | +0.9% |
| Suppliers | 440/4 | €7,513 | €7,577 | +€64 | +0.9% |
| Taxes, remuneration and social security | 45 | €6,537 | €25,565 | +€19,028 | +291% |
| Taxes | 450/3 | €6,537 | €25,565 | +€19,028 | +291% |
| Other amounts payable | 47/48 | €1,028,013 | €998,846 | -€29,167 | -2.8% |
| Accrued charges and deferred income | 492/3 | - | €99,000 | +€99,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,042 | €23,054 | +€1,012 | +4.6% |
| Other operating charges | 640/8 | €2,109 | €3,031 | +€922 | +43.7% |
| Gross operating margin | 9900 | €63,151 | €102,434 | +€39,283 | +62.2% |
| Operating profit (loss) | 9901 | €39,000 | €76,349 | +€37,350 | +95.8% |
| Financial income | 75/76B | €12,683 | €9,594 | -€3,089 | -24.4% |
| Recurring financial income | 75 | €12,683 | €9,594 | -€3,089 | -24.4% |
| Financial charges | 65/66B | €910 | €671 | -€239 | -26.3% |
| Recurring financial charges | 65 | €910 | €671 | -€239 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | €50,773 | €85,272 | +€34,499 | +67.9% |
| Income taxes | 67/77 | €16,176 | €18,099 | +€1,924 | +11.9% |
| Profit (loss) for the period | 9904 | €34,597 | €67,173 | +€32,576 | +94.2% |
| Profit (loss) for the period to be appropriated | 9905 | €34,597 | €67,173 | +€32,576 | +94.2% |
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 24 October 2026 via checked.be.