PERTZ & ZONEN: 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.
PERTZ & ZONEN
Largest movements
- Cash -€72,192
down €72,192 (-50.6%), from €142,591 to €70,399
mainly Contributions, distributions and other (-€135,000) and Other debts (-€54,583)
- Receivables within one year -€15,156
down €15,156 (-9.4%), from €161,559 to €146,403
of which Trade receivables: -€12,530
- Other debts -€54,583
down €54,583 (-24.2%), from €225,860 to €171,276
- Reserves -€48,361
down €48,361 (-92.3%), from €52,376 to €4,015
- Tax, wage and social debts +€17,610
up €17,610 (+64.6%), from €27,244 to €44,854
of which Taxes: +€19,210
- Gross operating margin +€41,889
up €41,889 (+36.4%), from €115,027 to €156,917
- Taxes +€13,083
up €13,083 (+73.7%), from €17,752 to €30,835
- Other operating charges +€8,554
up €8,554 (+30.0%), from €28,524 to €37,078
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 | €310,366 | €222,145 | -€88,221 | -28.4% |
| Fixed assets | 21/28 | €6,095 | €5,220 | -€875 | -14.4% |
| Tangible fixed assets | 22/27 | €5,095 | €4,220 | -€875 | -17.2% |
| Plant, machinery and equipment | 23 | €116 | €773 | +€657 | +568% |
| Furniture and vehicles | 24 | €4,979 | €3,447 | -€1,532 | -30.8% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €304,271 | €216,925 | -€87,345 | -28.7% |
| Amounts receivable within one year | 40/41 | €161,559 | €146,403 | -€15,156 | -9.4% |
| Trade receivables | 40 | €157,730 | €145,200 | -€12,530 | -7.9% |
| Other amounts receivable | 41 | €3,829 | €1,203 | -€2,626 | -68.6% |
| Cash at bank and in hand | 54/58 | €142,591 | €70,399 | -€72,192 | -50.6% |
| Deferred charges and accrued income | 490/1 | €121 | €123 | +€2 | +2.0% |
| Total equity and liabilities | 10/49 | €310,366 | €222,145 | -€88,221 | -28.4% |
| Equity | 10/15 | €54,376 | €6,015 | -€48,361 | -88.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €52,376 | €4,015 | -€48,361 | -92.3% |
| Distributable reserves | 133 | €52,376 | €4,015 | -€48,361 | -92.3% |
| Amounts payable | 17/49 | €255,990 | €216,131 | -€39,859 | -15.6% |
| Amounts payable within one year | 42/48 | €255,990 | €216,131 | -€39,859 | -15.6% |
| Trade debts | 44 | €2,886 | - | -€2,886 | |
| Suppliers | 440/4 | €2,886 | €0 | -€2,886 | -100% |
| Taxes, remuneration and social security | 45 | €27,244 | €44,854 | +€17,610 | +64.6% |
| Taxes | 450/3 | €25,644 | €44,854 | +€19,210 | +74.9% |
| Remuneration and social security | 454/9 | €1,600 | - | -€1,600 | |
| Other amounts payable | 47/48 | €225,860 | €171,276 | -€54,583 | -24.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,096 | €2,015 | -€81 | -3.9% |
| Other operating charges | 640/8 | €28,524 | €37,078 | +€8,554 | +30.0% |
| Gross operating margin | 9900 | €115,027 | €156,917 | +€41,889 | +36.4% |
| Operating profit (loss) | 9901 | €84,408 | €117,824 | +€33,416 | +39.6% |
| Financial income | 75/76B | - | €84 | +€84 | |
| Recurring financial income | 75 | - | €84 | +€84 | |
| Financial charges | 65/66B | €354 | €433 | +€79 | +22.3% |
| Recurring financial charges | 65 | €354 | €433 | +€79 | +22.3% |
| Profit (loss) for the period before taxes | 9903 | €84,054 | €117,474 | +€33,420 | +39.8% |
| Income taxes | 67/77 | €17,752 | €30,835 | +€13,083 | +73.7% |
| Profit (loss) for the period | 9904 | €66,301 | €86,639 | +€20,337 | +30.7% |
| Profit (loss) for the period to be appropriated | 9905 | €66,301 | €86,639 | +€20,337 | +30.7% |
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 18 October 2026 via checked.be.