Toon Persyn: 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.
Toon Persyn
Largest movements
- Tangible fixed assets +€11,736
up €11,736 (+36.2%), from €32,447 to €44,184
of which Plant, machinery and equipment: +€13,118
- Cash -€5,112
down €5,112 (-58.1%), from €8,793 to €3,681
mainly Investment in fixed assets (net) (-€22,500) and Net result for the year (-€6,793)
- Receivables within one year +€4,151
up €4,151 (+66.3%), from €6,266 to €10,417
of which Trade receivables: +€6,493
- Deferred charges and accrued income +€2,385
up €2,385 (+252%), from €947 to €3,332
- Other debts +€10,145
up €10,145 (+181%), from €5,620 to €15,766
- Profit (loss) carried forward -€6,793
down €6,793 (-74.0%), from -€9,180 to -€15,973
- Current portion of long-term debt +€5,875
up €5,875 (+53.9%), from €10,903 to €16,778
- Trade debts +€3,530
up €3,530 (+248%), from €1,425 to €4,956
- Debts after one year +€2,197
up €2,197 (+5.9%), from €37,108 to €39,304
- Gross operating margin +€8,183
up €8,183 (+1,191%), from €687 to €8,870
- Depreciation +€5,655
up €5,655 (+110%), from €5,129 to €10,784
- Other operating charges +€230
up €230 (+33.4%), from €690 to €920
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 | €48,533 | €61,673 | +€13,140 | +27.1% |
| Fixed assets | 21/28 | €32,527 | €44,243 | +€11,716 | +36.0% |
| Intangible fixed assets | 21 | €80 | €60 | -€20 | -25.1% |
| Tangible fixed assets | 22/27 | €32,447 | €44,184 | +€11,736 | +36.2% |
| Plant, machinery and equipment | 23 | €26,667 | €39,785 | +€13,118 | +49.2% |
| Furniture and vehicles | 24 | €5,780 | €4,399 | -€1,381 | -23.9% |
| Current assets | 29/58 | €16,006 | €17,430 | +€1,424 | +8.9% |
| Amounts receivable within one year | 40/41 | €6,266 | €10,417 | +€4,151 | +66.3% |
| Trade receivables | 40 | €3,904 | €10,398 | +€6,493 | +166% |
| Other amounts receivable | 41 | €2,361 | €19 | -€2,342 | -99.2% |
| Cash at bank and in hand | 54/58 | €8,793 | €3,681 | -€5,112 | -58.1% |
| Deferred charges and accrued income | 490/1 | €947 | €3,332 | +€2,385 | +252% |
| Total equity and liabilities | 10/49 | €48,533 | €61,673 | +€13,140 | +27.1% |
| Equity | 10/15 | -€9,080 | -€15,873 | -€6,793 | -74.8% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€9,180 | -€15,973 | -€6,793 | -74.0% |
| Amounts payable | 17/49 | €57,613 | €77,546 | +€19,933 | +34.6% |
| Amounts payable after more than one year | 17 | €37,108 | €39,304 | +€2,197 | +5.9% |
| Financial debts | 170/4 | €37,108 | €39,304 | +€2,197 | +5.9% |
| Amounts payable within one year | 42/48 | €20,491 | €38,242 | +€17,751 | +86.6% |
| Current portion of amounts payable after more than one year | 42 | €10,903 | €16,778 | +€5,875 | +53.9% |
| Financial debts | 43 | €169 | €0 | -€169 | -100% |
| Credit institutions | 430/8 | €169 | €0 | -€169 | -100% |
| Trade debts | 44 | €1,425 | €4,956 | +€3,530 | +248% |
| Suppliers | 440/4 | €1,425 | €4,956 | +€3,530 | +248% |
| Taxes, remuneration and social security | 45 | €2,373 | €742 | -€1,631 | -68.7% |
| Taxes | 450/3 | €2,373 | €742 | -€1,631 | -68.7% |
| Other amounts payable | 47/48 | €5,620 | €15,766 | +€10,145 | +181% |
| Accrued charges and deferred income | 492/3 | €14 | €0 | -€14 | -100% |
| Non-recurring operating income | 76A | €9,005 | €0 | -€9,005 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,129 | €10,784 | +€5,655 | +110% |
| Other operating charges | 640/8 | €690 | €920 | +€230 | +33.4% |
| Non-recurring operating charges | 66A | €6,973 | €0 | -€6,973 | -100% |
| Gross operating margin | 9900 | €687 | €8,870 | +€8,183 | +1,191% |
| Operating profit (loss) | 9901 | -€12,105 | -€2,834 | +€9,271 | +76.6% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €3,957 | €3,959 | +€3 | +0.1% |
| Recurring financial charges | 65 | €3,957 | €3,959 | +€3 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | -€16,060 | -€6,793 | +€9,268 | +57.7% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€16,060 | -€6,793 | +€9,268 | +57.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,060 | -€6,793 | +€9,268 | +57.7% |
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 15 October 2026 via checked.be.