PERTINAX: 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.
PERTINAX
Largest movements
- Receivables within one year +€69,282
up €69,282 (+601%), from €11,529 to €80,811
of which Trade receivables: +€66,622
- Cash -€38,183
down €38,183 (-98.1%), from €38,907 to €724
mainly Receivables within one year (-€69,282) and Other debts (-€724)
- Tangible fixed assets -€1,120
down €1,120 (-26.5%), from €4,223 to €3,103
- Reserves +€22,701
up €22,701 (+97.5%), from €23,279 to €45,980
- Tax, wage and social debts +€7,006
up €7,006 (+48.8%), from €14,361 to €21,368
of which Remuneration and social security: +€7,859
- Trade debts +€972
up €972 (+218%), from €445 to €1,417
- Staff costs +€28,929
new in 2025: €28,929
- Gross operating margin +€26,599
up €26,599 (+76.2%), from €34,908 to €61,506
- Financial income +€2,188
up €2,188 (+1,293%), from €169 to €2,357
- Depreciation +€987
up €987 (+739%), from €133 to €1,120
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 | €56,083 | €85,988 | +€29,905 | +53.3% |
| Fixed assets | 21/28 | €4,223 | €3,103 | -€1,120 | -26.5% |
| Tangible fixed assets | 22/27 | €4,223 | €3,103 | -€1,120 | -26.5% |
| Furniture and vehicles | 24 | €4,223 | €3,103 | -€1,120 | -26.5% |
| Current assets | 29/58 | €51,860 | €82,886 | +€31,025 | +59.8% |
| Stocks and contracts in progress | 3 | €1,424 | €1,299 | -€125 | -8.8% |
| Stocks | 30/36 | €1,424 | €1,299 | -€125 | -8.8% |
| Amounts receivable within one year | 40/41 | €11,529 | €80,811 | +€69,282 | +601% |
| Trade receivables | 40 | €11,529 | €78,152 | +€66,622 | +578% |
| Other amounts receivable | 41 | €0 | €2,660 | +€2,660 | |
| Cash at bank and in hand | 54/58 | €38,907 | €724 | -€38,183 | -98.1% |
| Deferred charges and accrued income | 490/1 | - | €52 | +€52 | |
| Total equity and liabilities | 10/49 | €56,083 | €85,988 | +€29,905 | +53.3% |
| Equity | 10/15 | €36,083 | €58,784 | +€22,701 | +62.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €23,279 | €45,980 | +€22,701 | +97.5% |
| Distributable reserves | 133 | €23,279 | €45,980 | +€22,701 | +97.5% |
| Profit (loss) carried forward | 14 | €2,804 | €2,804 | = | 0.0% |
| Amounts payable | 17/49 | €20,000 | €27,205 | +€7,205 | +36.0% |
| Amounts payable within one year | 42/48 | €19,622 | €26,876 | +€7,254 | +37.0% |
| Trade debts | 44 | €445 | €1,417 | +€972 | +218% |
| Suppliers | 440/4 | €445 | €1,417 | +€972 | +218% |
| Taxes, remuneration and social security | 45 | €14,361 | €21,368 | +€7,006 | +48.8% |
| Taxes | 450/3 | €10,768 | €9,915 | -€853 | -7.9% |
| Remuneration and social security | 454/9 | €3,593 | €11,452 | +€7,859 | +219% |
| Other amounts payable | 47/48 | €4,816 | €4,091 | -€724 | -15.0% |
| Accrued charges and deferred income | 492/3 | €378 | €329 | -€49 | -13.1% |
| Remuneration, social security and pensions | 62 | - | €28,929 | +€28,929 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €133 | €1,120 | +€987 | +739% |
| Other operating charges | 640/8 | €1,425 | €829 | -€596 | -41.8% |
| Gross operating margin | 9900 | €34,908 | €61,506 | +€26,599 | +76.2% |
| Operating profit (loss) | 9901 | €33,349 | €30,629 | -€2,721 | -8.2% |
| Financial income | 75/76B | €169 | €2,357 | +€2,188 | +1,293% |
| Recurring financial income | 75 | €169 | €2,357 | +€2,188 | +1,293% |
| Financial charges | 65/66B | €414 | €690 | +€276 | +66.8% |
| Recurring financial charges | 65 | €414 | €690 | +€276 | +66.8% |
| Profit (loss) for the period before taxes | 9903 | €33,105 | €32,296 | -€809 | -2.4% |
| Income taxes | 67/77 | €9,886 | €9,595 | -€291 | -2.9% |
| Profit (loss) for the period | 9904 | €23,219 | €22,701 | -€518 | -2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €23,219 | €22,701 | -€518 | -2.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.