PERSYN-VERDUYN: 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.
PERSYN-VERDUYN
Largest movements
- Receivables within one year -€51,688
down €51,688 (-82.7%), from €62,483 to €10,794
of which Other amounts receivable: -€51,388
- Tangible fixed assets -€32,833
down €32,833 (-5.0%), from €651,155 to €618,322
of which Land and buildings: -€28,134
- Debts after one year -€49,598
down €49,598 (-5.7%), from €864,666 to €815,068
of which Financial debts: -€41,018
- Reserves +€43,875
up €43,875 (+5.3%), from €820,701 to €864,576
of which Distributable reserves: +€45,000
- Other debts -€37,862
down €37,862 (-34.9%), from €108,553 to €70,691
- Current portion of long-term debt -€33,040
down €33,040 (-42.6%), from €77,476 to €44,436
- Financial income -€80,006
down €80,006 (-80.0%), from €100,006 to €20,000
- Gross operating margin +€14,812
up €14,812 (+20.2%), from €73,253 to €88,065
- Financial charges -€2,615
down €2,615 (-11.0%), from €23,724 to €21,109
- Taxes +€2,546
up €2,546 (+71.5%), from €3,562 to €6,108
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 | €2,201,684 | €2,121,424 | -€80,260 | -3.6% |
| Fixed assets | 21/28 | €2,133,309 | €2,100,476 | -€32,833 | -1.5% |
| Tangible fixed assets | 22/27 | €651,155 | €618,322 | -€32,833 | -5.0% |
| Land and buildings | 22 | €529,631 | €501,498 | -€28,134 | -5.3% |
| Other tangible fixed assets | 26 | €121,524 | €116,824 | -€4,699 | -3.9% |
| Financial fixed assets | 28 | €1,482,154 | €1,482,154 | = | 0.0% |
| Current assets | 29/58 | €68,375 | €20,948 | -€47,427 | -69.4% |
| Amounts receivable within one year | 40/41 | €62,483 | €10,794 | -€51,688 | -82.7% |
| Trade receivables | 40 | €6,500 | €6,200 | -€300 | -4.6% |
| Other amounts receivable | 41 | €55,983 | €4,594 | -€51,388 | -91.8% |
| Cash at bank and in hand | 54/58 | €4,518 | €7,632 | +€3,114 | +68.9% |
| Deferred charges and accrued income | 490/1 | €1,375 | €2,522 | +€1,147 | +83.4% |
| Total equity and liabilities | 10/49 | €2,201,684 | €2,121,424 | -€80,260 | -3.6% |
| Equity | 10/15 | €1,129,654 | €1,172,576 | +€42,922 | +3.8% |
| Contributions | 10/11 | €305,600 | €305,600 | = | 0.0% |
| Capital | 10 | €305,600 | €305,600 | = | 0.0% |
| Issued capital | 100 | €305,600 | €305,600 | = | 0.0% |
| Reserves | 13 | €820,701 | €864,576 | +€43,875 | +5.3% |
| Non-distributable reserves | 130/1 | €30,560 | €30,560 | = | 0.0% |
| Legal reserve | 130 | €30,560 | €30,560 | = | 0.0% |
| Tax-exempt reserves | 132 | €90,141 | €89,016 | -€1,125 | -1.2% |
| Distributable reserves | 133 | €700,000 | €745,000 | +€45,000 | +6.4% |
| Profit (loss) carried forward | 14 | €3,353 | €2,401 | -€953 | -28.4% |
| Provisions and deferred taxes | 16 | €5,119 | €4,744 | -€375 | -7.3% |
| Deferred taxes | 168 | €5,119 | €4,744 | -€375 | -7.3% |
| Amounts payable | 17/49 | €1,066,911 | €944,105 | -€122,807 | -11.5% |
| Amounts payable after more than one year | 17 | €864,666 | €815,068 | -€49,598 | -5.7% |
| Financial debts | 170/4 | €353,283 | €312,265 | -€41,018 | -11.6% |
| Other amounts payable | 178/9 | €511,383 | €502,803 | -€8,581 | -1.7% |
| Amounts payable within one year | 42/48 | €201,371 | €128,577 | -€72,793 | -36.1% |
| Current portion of amounts payable after more than one year | 42 | €77,476 | €44,436 | -€33,040 | -42.6% |
| Trade debts | 44 | €4,759 | €3,921 | -€838 | -17.6% |
| Suppliers | 440/4 | €4,759 | €3,921 | -€838 | -17.6% |
| Taxes, remuneration and social security | 45 | €10,583 | €9,530 | -€1,053 | -10.0% |
| Taxes | 450/3 | €4,355 | €2,890 | -€1,465 | -33.6% |
| Remuneration and social security | 454/9 | €6,228 | €6,640 | +€412 | +6.6% |
| Other amounts payable | 47/48 | €108,553 | €70,691 | -€37,862 | -34.9% |
| Accrued charges and deferred income | 492/3 | €875 | €460 | -€415 | -47.5% |
| Non-recurring operating income | 76A | €0 | €22,000 | +€22,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,833 | €32,833 | +€0 | 0.0% |
| Other operating charges | 640/8 | €5,544 | €5,468 | -€76 | -1.4% |
| Gross operating margin | 9900 | €73,253 | €88,065 | +€14,812 | +20.2% |
| Operating profit (loss) | 9901 | €34,877 | €49,764 | +€14,888 | +42.7% |
| Financial income | 75/76B | €100,006 | €20,000 | -€80,006 | -80.0% |
| Recurring financial income | 75 | €100,006 | €20,000 | -€80,006 | -80.0% |
| Financial charges | 65/66B | €23,724 | €21,109 | -€2,615 | -11.0% |
| Recurring financial charges | 65 | €23,724 | €21,109 | -€2,615 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €111,159 | €48,655 | -€62,504 | -56.2% |
| Transfer from deferred taxes | 780 | €375 | €375 | = | 0.0% |
| Income taxes | 67/77 | €3,562 | €6,108 | +€2,546 | +71.5% |
| Profit (loss) for the period | 9904 | €107,972 | €42,922 | -€65,049 | -60.2% |
| Transfer from tax-exempt reserves | 789 | €1,125 | €1,125 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €109,097 | €44,047 | -€65,049 | -59.6% |
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 26 October 2026 via checked.be.