THE PERFORMANCE FACTORY: what changed
Two fiscal 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.
THE PERFORMANCE FACTORY
Largest movements
- Current investments -€2.2m
down €2.2m (-75.9%), from €2.9m to €695,912
- Cash +€1.8m
up €1.8m (+2315.6%), from €79,324 to €1.9m
mainly Current investments (+€2.2m) and Net result for the year (+€303,556)
- Receivables within one year +€490,556
up €490,556 (+176.7%), from €277,622 to €768,178
of which Other amounts receivable: +€553,985
- Deferred charges and accrued income -€50,000
no longer reported in 2025 (was €50,000)
- Reserves +€303,556
up €303,556 (+10.4%), from €2.9m to €3.2m
of which Distributable reserves: +€303,556
- Other debts -€164,969
down €164,969 (-68.9%), from €239,409 to €74,440
- Accrued charges and deferred income -€34,492
down €34,492 (-65.1%), from €52,992 to €18,500
- Taxes +€616,544
up €616,544, from -€509,679 to €106,865
- Gross operating margin -€321,650
down €321,650 (-47.0%), from €683,876 to €362,225
- Other operating charges +€15,032
up €15,032 (+33.6%), from €44,745 to €59,778
- Financial income +€8,285
up €8,285 (+8.2%), from €101,332 to €109,617
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 | €3,301,908 | €3,381,907 | +€79,998 | +2.4% |
| Fixed assets | 21/28 | €2,050 | €1,714 | -€336 | -16.4% |
| Tangible fixed assets | 22/27 | €1,330 | €994 | -€336 | -25.3% |
| Plant, machinery and equipment | 23 | €768 | €904 | +€135 | +17.6% |
| Furniture and vehicles | 24 | €562 | €90 | -€472 | -83.9% |
| Financial fixed assets | 28 | €720 | €720 | = | 0.0% |
| Current assets | 29/58 | €3,299,858 | €3,380,193 | +€80,335 | +2.4% |
| Amounts receivable within one year | 40/41 | €277,622 | €768,178 | +€490,556 | +176.7% |
| Trade receivables | 40 | €152,074 | €88,646 | -€63,428 | -41.7% |
| Other amounts receivable | 41 | €125,548 | €679,533 | +€553,985 | +441.3% |
| Current investments | 50/53 | €2,892,912 | €695,912 | -€2.2m | -75.9% |
| Cash at bank and in hand | 54/58 | €79,324 | €1,916,102 | +€1.8m | +2315.6% |
| Deferred charges and accrued income | 490/1 | €50,000 | - | -€50,000 | |
| Total equity and liabilities | 10/49 | €3,301,908 | €3,381,907 | +€79,998 | +2.4% |
| Equity | 10/15 | €2,927,317 | €3,230,873 | +€303,556 | +10.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,921,117 | €3,224,673 | +€303,556 | +10.4% |
| Tax-exempt reserves | 132 | €652,550 | €652,550 | = | 0.0% |
| Distributable reserves | 133 | €2,268,567 | €2,572,123 | +€303,556 | +13.4% |
| Amounts payable | 17/49 | €374,592 | €151,034 | -€223,558 | -59.7% |
| Amounts payable within one year | 42/48 | €321,600 | €132,534 | -€189,066 | -58.8% |
| Trade debts | 44 | €77,815 | €58,094 | -€19,721 | -25.3% |
| Suppliers | 440/4 | €77,815 | €58,094 | -€19,721 | -25.3% |
| Taxes, remuneration and social security | 45 | €4,376 | - | -€4,376 | |
| Taxes | 450/3 | €4,376 | - | -€4,376 | |
| Other amounts payable | 47/48 | €239,409 | €74,440 | -€164,969 | -68.9% |
| Accrued charges and deferred income | 492/3 | €52,992 | €18,500 | -€34,492 | -65.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,061 | €1,162 | +€101 | +9.6% |
| Other operating charges | 640/8 | €44,745 | €59,778 | +€15,032 | +33.6% |
| Gross operating margin | 9900 | €683,876 | €362,225 | -€321,650 | -47.0% |
| Operating profit (loss) | 9901 | €638,070 | €301,286 | -€336,784 | -52.8% |
| Financial income | 75/76B | €101,332 | €109,617 | +€8,285 | +8.2% |
| Recurring financial income | 75 | €101,332 | €109,617 | +€8,285 | +8.2% |
| Financial charges | 65/66B | €384 | €481 | +€98 | +25.5% |
| Recurring financial charges | 65 | €384 | €481 | +€98 | +25.5% |
| Profit (loss) for the period before taxes | 9903 | €739,018 | €410,421 | -€328,597 | -44.5% |
| Income taxes | 67/77 | -€509,679 | €106,865 | +€616,544 | |
| Profit (loss) for the period | 9904 | €1,248,697 | €303,556 | -€945,140 | -75.7% |
| Transfer to tax-exempt reserves | 689 | €210,500 | - | -€210,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,038,197 | €303,556 | -€734,640 | -70.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.