PIETER PERSYN: what changed
PIETER PERSYN
Largest movements
- Cash -€34,685
down €34,685 (-59.1%), from €58,643 to €23,959
mainly Current investments (-€30,000) and Tax, wage and social debts (-€5,083)
- Current investments +€30,000
new in 2025: €30,000
- Tangible fixed assets -€6,318
down €6,318 (-30.5%), from €20,719 to €14,401
of which Furniture and vehicles: -€5,000
- Receivables within one year -€2,004
down €2,004 (-22.6%), from €8,853 to €6,849
of which Trade receivables: -€5,872
- Tax, wage and social debts -€5,083
down €5,083 (-64.2%), from €7,921 to €2,837
- Debts after one year -€4,461
no longer reported in 2025 (was €4,461)
- Profit (loss) carried forward -€3,424
down €3,424 (-15.4%), from -€22,232 to -€25,656
- Current portion of long-term debt -€1,969
down €1,969 (-30.6%), from €6,430 to €4,461
- Accrued charges and deferred income +€1,800
up €1,800 (+51.4%), from €3,500 to €5,300
- Gross operating margin -€31,769
down €31,769 (-89.1%), from €35,635 to €3,867
- Taxes -€7,654
down €7,654 (-98.3%), from €7,786 to €132
- Depreciation -€361
down €361 (-5.4%), from €6,679 to €6,318
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €88,215 | €75,899 | -€12,316 | -14.0% |
| Fixed assets | 21/28 | €20,719 | €14,401 | -€6,318 | -30.5% |
| Tangible fixed assets | 22/27 | €20,719 | €14,401 | -€6,318 | -30.5% |
| Plant, machinery and equipment | 23 | €3,118 | €1,800 | -€1,318 | -42.3% |
| Furniture and vehicles | 24 | €17,601 | €12,601 | -€5,000 | -28.4% |
| Current assets | 29/58 | €67,496 | €61,498 | -€5,998 | -8.9% |
| Amounts receivable within one year | 40/41 | €8,853 | €6,849 | -€2,004 | -22.6% |
| Trade receivables | 40 | €8,853 | €2,981 | -€5,872 | -66.3% |
| Other amounts receivable | 41 | - | €3,868 | +€3,868 | |
| Current investments | 50/53 | - | €30,000 | +€30,000 | |
| Cash at bank and in hand | 54/58 | €58,643 | €23,959 | -€34,685 | -59.1% |
| Deferred charges and accrued income | 490/1 | - | €690 | +€690 | |
| Total equity and liabilities | 10/49 | €88,215 | €75,899 | -€12,316 | -14.0% |
| Equity | 10/15 | €65,857 | €62,433 | -€3,424 | -5.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €75,689 | €75,689 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,500 | €11,500 | = | 0.0% |
| Distributable reserves | 133 | €64,189 | €64,189 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,232 | -€25,656 | -€3,424 | -15.4% |
| Amounts payable | 17/49 | €22,358 | €13,466 | -€8,892 | -39.8% |
| Amounts payable after more than one year | 17 | €4,461 | - | -€4,461 | |
| Financial debts | 170/4 | €4,461 | - | -€4,461 | |
| Amounts payable within one year | 42/48 | €14,397 | €8,166 | -€6,232 | -43.3% |
| Current portion of amounts payable after more than one year | 42 | €6,430 | €4,461 | -€1,969 | -30.6% |
| Trade debts | 44 | - | €821 | +€821 | |
| Suppliers | 440/4 | - | €821 | +€821 | |
| Taxes, remuneration and social security | 45 | €7,921 | €2,837 | -€5,083 | -64.2% |
| Taxes | 450/3 | €7,921 | €2,837 | -€5,083 | -64.2% |
| Other amounts payable | 47/48 | €47 | €47 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,500 | €5,300 | +€1,800 | +51.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,679 | €6,318 | -€361 | -5.4% |
| Other operating charges | 640/8 | €425 | €362 | -€63 | -14.8% |
| Gross operating margin | 9900 | €35,635 | €3,867 | -€31,769 | -89.1% |
| Operating profit (loss) | 9901 | €28,531 | -€2,813 | -€31,344 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -88.9% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -88.9% |
| Financial charges | 65/66B | €752 | €479 | -€273 | -36.3% |
| Recurring financial charges | 65 | €752 | €479 | -€273 | -36.3% |
| Profit (loss) for the period before taxes | 9903 | €27,780 | -€3,292 | -€31,072 | |
| Income taxes | 67/77 | €7,786 | €132 | -€7,654 | -98.3% |
| Profit (loss) for the period | 9904 | €19,995 | -€3,424 | -€23,418 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,995 | -€3,424 | -€23,418 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.