PERTANTO: 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.
PERTANTO
Largest movements
- Cash -€56,128
down €56,128 (-34.1%), from €164,641 to €108,513
mainly Contributions, distributions and other (-€167,765) and Receivables within one year (-€9,736)
- Receivables within one year +€9,736
up €9,736 (+179.8%), from €5,414 to €15,150
of which Trade receivables: +€14,361
- Reserves -€107,337
down €107,337 (-65.5%), from €163,750 to €56,413
- Other debts +€49,383
new in 2025: €49,383
- Tax, wage and social debts +€11,670
up €11,670 (+234.4%), from €4,980 to €16,650
- Accrued charges and deferred income +€1,751
new in 2025: €1,751
- Gross operating margin +€70,416
up €70,416 (+708.4%), from €9,941 to €80,357
- Taxes +€14,157
up €14,157 (+1085.5%), from €1,304 to €15,461
- Financial charges +€1,687
up €1,687 (+87.7%), from €1,923 to €3,610
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €173,386 | €128,416 | -€44,970 | -25.9% |
| Fixed assets | 21/28 | €756 | €1,997 | +€1,241 | +164.1% |
| Tangible fixed assets | 22/27 | €756 | €1,997 | +€1,241 | +164.1% |
| Furniture and vehicles | 24 | €756 | €379 | -€377 | -49.9% |
| Other tangible fixed assets | 26 | - | €1,618 | +€1,618 | |
| Current assets | 29/58 | €172,630 | €126,419 | -€46,211 | -26.8% |
| Amounts receivable within one year | 40/41 | €5,414 | €15,150 | +€9,736 | +179.8% |
| Trade receivables | 40 | €360 | €14,721 | +€14,361 | +3989.7% |
| Other amounts receivable | 41 | €5,054 | €429 | -€4,626 | -91.5% |
| Cash at bank and in hand | 54/58 | €164,641 | €108,513 | -€56,128 | -34.1% |
| Deferred charges and accrued income | 490/1 | €2,575 | €2,756 | +€182 | +7.1% |
| Total equity and liabilities | 10/49 | €173,386 | €128,416 | -€44,970 | -25.9% |
| Equity | 10/15 | €166,750 | €59,413 | -€107,337 | -64.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €163,750 | €56,413 | -€107,337 | -65.5% |
| Distributable reserves | 133 | €163,750 | €56,413 | -€107,337 | -65.5% |
| Amounts payable | 17/49 | €6,636 | €69,003 | +€62,367 | +939.8% |
| Amounts payable within one year | 42/48 | €6,636 | €67,252 | +€60,616 | +913.5% |
| Trade debts | 44 | €1,656 | €1,219 | -€437 | -26.4% |
| Suppliers | 440/4 | €1,656 | €1,219 | -€437 | -26.4% |
| Taxes, remuneration and social security | 45 | €4,980 | €16,650 | +€11,670 | +234.4% |
| Taxes | 450/3 | €4,980 | €16,650 | +€11,670 | +234.4% |
| Other amounts payable | 47/48 | - | €49,383 | +€49,383 | |
| Accrued charges and deferred income | 492/3 | - | €1,751 | +€1,751 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €789 | €458 | -€331 | -41.9% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €9,941 | €80,357 | +€70,416 | +708.4% |
| Operating profit (loss) | 9901 | €8,764 | €79,499 | +€70,735 | +807.1% |
| Financial charges | 65/66B | €1,923 | €3,610 | +€1,687 | +87.7% |
| Recurring financial charges | 65 | €1,923 | €3,610 | +€1,687 | +87.7% |
| Profit (loss) for the period before taxes | 9903 | €6,841 | €75,889 | +€69,048 | +1009.3% |
| Income taxes | 67/77 | €1,304 | €15,461 | +€14,157 | +1085.5% |
| Profit (loss) for the period | 9904 | €5,537 | €60,428 | +€54,891 | +991.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,537 | €60,428 | +€54,891 | +991.3% |
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 9 October 2026 via checked.be.