PERSPEKTIV: 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.
PERSPEKTIV
Largest movements
- Tangible fixed assets +€207,312
up €207,312 (+97.6%), from €212,461 to €419,774
of which Land and buildings: +€216,735
- Cash -€5,836
down €5,836 (-90.8%), from €6,426 to €590
mainly Investment in fixed assets (net) (-€225,772) and Other debts (-€10,488)
- Debts after one year +€201,668
up €201,668 (+102%), from €197,278 to €398,946
of which Financial debts: +€201,668
- Current portion of long-term debt +€15,234
up €15,234 (+218%), from €6,982 to €22,216
- Other debts -€10,488
down €10,488 (-41.6%), from €25,231 to €14,743
- Depreciation -€8,470
down €8,470 (-30.1%), from €28,135 to €19,665
- Gross operating margin -€4,568
down €4,568 (-15.9%), from €28,800 to €24,233
- Financial charges +€3,029
up €3,029 (+233%), from €1,301 to €4,331
- Other operating charges -€1,244
down €1,244 (-56.5%), from €2,203 to €959
- Taxes +€553
up €553 (+130%), from €425 to €978
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 | €240,879 | €448,295 | +€207,416 | +86.1% |
| Formation expenses | 20 | €1,713 | €1,258 | -€455 | -26.6% |
| Fixed assets | 21/28 | €220,906 | €427,468 | +€206,562 | +93.5% |
| Intangible fixed assets | 21 | €6,565 | €5,815 | -€750 | -11.4% |
| Tangible fixed assets | 22/27 | €212,461 | €419,774 | +€207,312 | +97.6% |
| Land and buildings | 22 | €177,101 | €393,836 | +€216,735 | +122% |
| Furniture and vehicles | 24 | €35,361 | €25,938 | -€9,423 | -26.6% |
| Financial fixed assets | 28 | €1,880 | €1,880 | = | 0.0% |
| Current assets | 29/58 | €18,260 | €19,569 | +€1,308 | +7.2% |
| Amounts receivable within one year | 40/41 | €11,183 | €14,521 | +€3,337 | +29.8% |
| Trade receivables | 40 | €11,176 | €14,482 | +€3,306 | +29.6% |
| Other amounts receivable | 41 | €8 | €39 | +€31 | +401% |
| Cash at bank and in hand | 54/58 | €6,426 | €590 | -€5,836 | -90.8% |
| Deferred charges and accrued income | 490/1 | €651 | €4,458 | +€3,807 | +585% |
| Total equity and liabilities | 10/49 | €240,879 | €448,295 | +€207,416 | +86.1% |
| Equity | 10/15 | €1,765 | €71 | -€1,694 | -96.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,235 | -€4,929 | -€1,694 | -52.4% |
| Amounts payable | 17/49 | €239,114 | €448,223 | +€209,109 | +87.5% |
| Amounts payable after more than one year | 17 | €197,278 | €398,946 | +€201,668 | +102% |
| Financial debts | 170/4 | €14,239 | €215,906 | +€201,668 | +1,416% |
| Other amounts payable | 178/9 | €183,040 | €183,040 | = | 0.0% |
| Amounts payable within one year | 42/48 | €41,812 | €49,153 | +€7,341 | +17.6% |
| Current portion of amounts payable after more than one year | 42 | €6,982 | €22,216 | +€15,234 | +218% |
| Trade debts | 44 | €4,352 | €7,144 | +€2,791 | +64.1% |
| Suppliers | 440/4 | €4,352 | €7,144 | +€2,791 | +64.1% |
| Taxes, remuneration and social security | 45 | €5,247 | €5,050 | -€197 | -3.8% |
| Taxes | 450/3 | €3,769 | €5,050 | +€1,281 | +34.0% |
| Remuneration and social security | 454/9 | €1,478 | €0 | -€1,478 | -100% |
| Other amounts payable | 47/48 | €25,231 | €14,743 | -€10,488 | -41.6% |
| Accrued charges and deferred income | 492/3 | €24 | €125 | +€101 | +430% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,135 | €19,665 | -€8,470 | -30.1% |
| Other operating charges | 640/8 | €2,203 | €959 | -€1,244 | -56.5% |
| Gross operating margin | 9900 | €28,800 | €24,233 | -€4,568 | -15.9% |
| Operating profit (loss) | 9901 | -€1,538 | €3,608 | +€5,147 | |
| Financial income | 75/76B | €30 | €6 | -€24 | -78.6% |
| Recurring financial income | 75 | €30 | €6 | -€24 | -78.6% |
| Financial charges | 65/66B | €1,301 | €4,331 | +€3,029 | +233% |
| Recurring financial charges | 65 | €1,301 | €4,331 | +€3,029 | +233% |
| Profit (loss) for the period before taxes | 9903 | -€2,810 | -€716 | +€2,094 | +74.5% |
| Income taxes | 67/77 | €425 | €978 | +€553 | +130% |
| Profit (loss) for the period | 9904 | -€3,235 | -€1,694 | +€1,541 | +47.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,235 | -€1,694 | +€1,541 | +47.6% |
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 13 October 2026 via checked.be.