Persyn: 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.
What changed
Persyn
NACE 42.110, Construction of roads and motorways
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3.7m
2024 · €1.7m+€2.0m
Equity
€12.7m
2024 · €12.7m+€14,623
Cash
€1.5m
2024 · €1.5m-€7,594
Balance sheet total
€25.3m
2024 · €22.5m+€2.8m
Largest movements
Assets
- Stocks and contracts +€4.1m
up €4.1m (+61.8%), from €6.7m to €10.8m
of which Contracts in progress: +€4.1m
- Receivables within one year -€1.3m
down €1.3m (-14.7%), from €8.5m to €7.2m
of which Trade receivables: -€1.1m
Equity and liabilities
- Other debts +€2.1m
up €2.1m (+123.6%), from €1.7m to €3.7m
- Provisions +€283,111
up €283,111 (+52.9%), from €535,204 to €818,316
- Trade debts +€277,533
up €277,533 (+4.4%), from €6.4m to €6.6m
Income statement
- Turnover +€8.1m
up €8.1m (+12.2%), from €66.5m to €74.6m
- Services and other goods +€3.1m
up €3.1m (+17.6%), from €17.5m to €20.6m
- Goods and materials +€2.3m
up €2.3m (+5.7%), from €40.3m to €42.6m
of which Purchases: +€2.2m
- Staff costs +€1.4m
up €1.4m (+16.0%), from €8.8m to €10.3m
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.
Result 2024
€1.7m
Turnover
+€8.1m
Other operating income
-€269,867
Goods and materials
-€2.3m
Services and other goods
-€3.1m
Staff costs
-€1.4m
Depreciation
-€164,066
Provisions
+€252,093
Other operating charges
+€818
Other operating items
+€1.5m
Financial income
-€29,533
Financial charges
+€46,797
Taxes
-€659,490
Result 2025
€3.7m
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.
From operations
+€5.3m
Investment
-€1.6m
Financing
-€3.7m
Cash 2024
€1.5m
From operations (derived)
+€5.3m
Net result for the year
+€3.7m
Depreciation
+€1.7m
Stocks and contracts
-€4.1m
Receivables within one year
+€1.3m
Deferred charges and accrued income
-€39,450
Provisions
+€283,111
Trade debts
+€277,533
Tax, wage and social debts
-€109,690
Other debts
+€2.1m
Accrued charges and deferred income
+€233,715
Investment (derived)
-€1.6m
Investment in fixed assets (net)
-€1.6m
Financing
-€3.7m
Contributions, distributions and other
-€3.7m
Cash 2025
€1.5m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,532,206 | €25,286,550 | +€2.8m | +12.2% |
| Fixed assets | 21/28 | €5,854,937 | €5,718,880 | -€136,057 | -2.3% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | €4,451,828 | €4,223,832 | -€227,996 | -5.1% |
| Land and buildings | 22 | €323,649 | €320,754 | -€2,896 | -0.9% |
| Plant, machinery and equipment | 23 | €3,371,421 | €3,038,029 | -€333,392 | -9.9% |
| Furniture and vehicles | 24 | €756,757 | €865,049 | +€108,292 | +14.3% |
| Financial fixed assets | 28 | €1,403,109 | €1,495,048 | +€91,939 | +6.6% |
| Other financial fixed assets | 284/8 | €1,403,109 | €1,495,048 | +€91,939 | +6.6% |
| Shares | 284 | €128,175 | €140,050 | +€11,875 | +9.3% |
| Amounts receivable and cash guarantees | 285/8 | €1,274,934 | €1,354,998 | +€80,064 | +6.3% |
| Current assets | 29/58 | €16,677,268 | €19,567,669 | +€2.9m | +17.3% |
| Stocks and contracts in progress | 3 | €6,654,220 | €10,765,209 | +€4.1m | +61.8% |
| Stocks | 30/36 | €350,881 | €319,025 | -€31,856 | -9.1% |
| Raw materials and consumables | 30/31 | €350,881 | €319,025 | -€31,856 | -9.1% |
| Contracts in progress | 37 | €6,303,339 | €10,446,184 | +€4.1m | +65.7% |
| Amounts receivable within one year | 40/41 | €8,497,711 | €7,245,268 | -€1.3m | -14.7% |
| Trade receivables | 40 | €6,486,769 | €5,401,552 | -€1.1m | -16.7% |
| Other amounts receivable | 41 | €2,010,942 | €1,843,716 | -€167,226 | -8.3% |
| Cash at bank and in hand | 54/58 | €1,467,641 | €1,460,047 | -€7,594 | -0.5% |
| Deferred charges and accrued income | 490/1 | €57,696 | €97,145 | +€39,450 | +68.4% |
| Total equity and liabilities | 10/49 | €22,532,206 | €25,286,550 | +€2.8m | +12.2% |
| Equity | 10/15 | €12,690,730 | €12,705,353 | +€14,623 | +0.1% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €11,690,730 | €11,705,353 | +€14,623 | +0.1% |
| Non-distributable reserves | 130/1 | €201,656 | €201,656 | = | 0.0% |
| Legal reserve | 130 | €100,000 | €100,000 | = | 0.0% |
| Other | 1319 | €101,656 | €101,656 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,191,625 | €1,191,625 | = | 0.0% |
| Distributable reserves | 133 | €10,297,449 | €10,312,072 | +€14,623 | +0.1% |
| Provisions and deferred taxes | 16 | €535,204 | €818,316 | +€283,111 | +52.9% |
| Provisions for liabilities and charges | 160/5 | €535,204 | €818,316 | +€283,111 | +52.9% |
| Other liabilities and charges | 164/5 | €535,204 | €818,316 | +€283,111 | +52.9% |
| Amounts payable | 17/49 | €9,306,271 | €11,762,881 | +€2.5m | +26.4% |
| Amounts payable within one year | 42/48 | €8,748,166 | €10,971,061 | +€2.2m | +25.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €6,353,905 | €6,631,438 | +€277,533 | +4.4% |
| Suppliers | 440/4 | €6,353,905 | €6,631,438 | +€277,533 | +4.4% |
| Taxes, remuneration and social security | 45 | €732,205 | €622,515 | -€109,690 | -15.0% |
| Taxes | 450/3 | €32,229 | €40,740 | +€8,511 | +26.4% |
| Remuneration and social security | 454/9 | €699,975 | €581,775 | -€118,201 | -16.9% |
| Other amounts payable | 47/48 | €1,662,056 | €3,717,108 | +€2.1m | +123.6% |
| Accrued charges and deferred income | 492/3 | €558,105 | €791,820 | +€233,715 | +41.9% |
| Operating income | 70/76A | €70,719,145 | €80,043,025 | +€9.3m | +13.2% |
| Turnover | 70 | €66,506,893 | €74,637,118 | +€8.1m | +12.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €2,757,184 | €4,142,844 | +€1.4m | +50.3% |
| Other operating income | 74 | €1,359,428 | €1,089,561 | -€269,867 | -19.9% |
| Non-recurring operating income | 76A | €95,641 | €173,502 | +€77,861 | +81.4% |
| Operating charges | 60/66A | €68,843,305 | €75,515,610 | +€6.7m | +9.7% |
| Goods for resale, raw materials and consumables | 60 | €40,335,164 | €42,614,523 | +€2.3m | +5.7% |
| Purchases | 600/8 | €40,387,001 | €42,582,667 | +€2.2m | +5.4% |
| Change in stocks: decrease (increase) | 609 | -€51,838 | €31,856 | +€83,693 | |
| Services and other goods | 61 | €17,498,902 | €20,581,336 | +€3.1m | +17.6% |
| Remuneration, social security and pensions | 62 | €8,843,681 | €10,254,812 | +€1.4m | +16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,565,530 | €1,729,595 | +€164,066 | +10.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €535,204 | €283,111 | -€252,093 | -47.1% |
| Other operating charges | 640/8 | €49,237 | €48,418 | -€818 | -1.7% |
| Non-recurring operating charges | 66A | €15,588 | €3,813 | -€11,776 | -75.5% |
| Operating profit (loss) | 9901 | €1,875,840 | €4,527,415 | +€2.7m | +141.4% |
| Financial income | 75/76B | €668,701 | €639,168 | -€29,533 | -4.4% |
| Recurring financial income | 75 | €668,701 | €639,168 | -€29,533 | -4.4% |
| Income from financial fixed assets | 750 | €17,618 | €20,759 | +€3,141 | +17.8% |
| Income from current assets | 751 | €977 | €2,348 | +€1,371 | +140.3% |
| Other financial income | 752/9 | €650,106 | €616,061 | -€34,044 | -5.2% |
| Financial charges | 65/66B | €204,840 | €158,043 | -€46,797 | -22.8% |
| Recurring financial charges | 65 | €204,840 | €158,043 | -€46,797 | -22.8% |
| Debt charges | 650 | €204,840 | €158,043 | -€46,797 | -22.8% |
| Profit (loss) for the period before taxes | 9903 | €2,339,700 | €5,008,540 | +€2.7m | +114.1% |
| Income taxes | 67/77 | €629,428 | €1,288,918 | +€659,490 | +104.8% |
| Taxes | 670/3 | €629,428 | €1,290,608 | +€661,180 | +105.0% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | €1,691 | +€1,691 | |
| Profit (loss) for the period | 9904 | €1,710,273 | €3,719,623 | +€2.0m | +117.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,710,273 | €3,719,623 | +€2.0m | +117.5% |
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 5 October 2026 via checked.be.