persi: what changed
What changed
persi
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
€39,434
31-12-2024 · €19,793+€19,641
Equity
€225,180
31-12-2024 · €185,746+€39,434
Cash
€24,097
31-12-2024 · €17,638+€6,459
Balance sheet total
€4.4m
31-12-2024 · €4.0m+€476,710
Largest movements
Assets
- Tangible fixed assets +€630,553
up €630,553 (+17.2%), from €3.7m to €4.3m
of which Land and buildings: +€912,158
- Receivables within one year -€159,457
down €159,457 (-58.0%), from €275,146 to €115,689
of which Trade receivables: -€122,562
Equity and liabilities
- Debts after one year +€638,752
up €638,752 (+45.9%), from €1.4m to €2.0m
- Trade debts -€388,971
down €388,971 (-61.1%), from €637,134 to €248,163
- Reserves +€156,980
up €156,980 (+2,532%), from €6,200 to €163,180
of which Distributable reserves: +€156,980
- Other debts +€124,331
up €124,331 (+7.7%), from €1.6m to €1.7m
- Profit (loss) carried forward -€117,546
down €117,546 (-100%), from €117,546 to €0
Income statement
- Other operating charges -€106,951
down €106,951 (-74.2%), from €144,163 to €37,212
- Gross operating margin -€68,653
down €68,653 (-20.9%), from €329,066 to €260,413
- Financial charges +€15,898
up €15,898 (+43.2%), from €36,810 to €52,708
Change in the result, 31-12-2024 to 31-12-2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 31-12-2024
€19,793
Gross operating margin
-€68,653
Depreciation
-€2,764
Other operating charges
+€106,951
Financial income
+€5
Financial charges
-€15,898
Result 31-12-2025
€39,434
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€84,029
Investment
-€761,617
Financing
+€684,047
Cash 31-12-2024
€17,638
From operations (derived)
+€84,029
Net result for the year
+€39,434
Depreciation
+€131,065
Receivables within one year
+€159,457
Smaller working-capital items
+€2,616
Trade debts
-€388,971
Tax, wage and social debts
+€16,097
Other debts
+€124,331
Investment (derived)
-€761,617
Investment in fixed assets (net)
-€761,617
Financing
+€684,047
Debts after one year
+€638,752
Current portion of long-term debt
+€45,295
Cash 31-12-2025
€24,097
brings cash intakes cash out
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,953,907 | €4,430,616 | +€476,710 | +12.1% |
| Fixed assets | 21/28 | €3,659,213 | €4,289,766 | +€630,553 | +17.2% |
| Tangible fixed assets | 22/27 | €3,659,213 | €4,289,766 | +€630,553 | +17.2% |
| Land and buildings | 22 | €3,298,814 | €4,210,972 | +€912,158 | +27.7% |
| Furniture and vehicles | 24 | €1,600 | €0 | -€1,600 | -100% |
| Assets under construction and advance payments | 27 | €358,800 | €78,794 | -€280,006 | -78.0% |
| Current assets | 29/58 | €294,693 | €140,850 | -€153,843 | -52.2% |
| Amounts receivable within one year | 40/41 | €275,146 | €115,689 | -€159,457 | -58.0% |
| Trade receivables | 40 | €197,655 | €75,093 | -€122,562 | -62.0% |
| Other amounts receivable | 41 | €77,491 | €40,596 | -€36,895 | -47.6% |
| Cash at bank and in hand | 54/58 | €17,638 | €24,097 | +€6,459 | +36.6% |
| Deferred charges and accrued income | 490/1 | €1,909 | €1,065 | -€845 | -44.2% |
| Total equity and liabilities | 10/49 | €3,953,907 | €4,430,616 | +€476,710 | +12.1% |
| Equity | 10/15 | €185,746 | €225,180 | +€39,434 | +21.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €163,180 | +€156,980 | +2,532% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | - | €156,980 | +€156,980 | |
| Profit (loss) carried forward | 14 | €117,546 | €0 | -€117,546 | -100% |
| Amounts payable | 17/49 | €3,768,161 | €4,205,437 | +€437,276 | +11.6% |
| Amounts payable after more than one year | 17 | €1,391,526 | €2,030,278 | +€638,752 | +45.9% |
| Financial debts | 170/4 | €1,391,526 | €2,030,278 | +€638,752 | +45.9% |
| Amounts payable within one year | 42/48 | €2,374,338 | €2,171,091 | -€203,247 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €122,848 | €168,143 | +€45,295 | +36.9% |
| Trade debts | 44 | €637,134 | €248,163 | -€388,971 | -61.1% |
| Suppliers | 440/4 | €637,134 | €248,163 | -€388,971 | -61.1% |
| Taxes, remuneration and social security | 45 | €0 | €16,097 | +€16,097 | |
| Taxes | 450/3 | €0 | €16,097 | +€16,097 | |
| Other amounts payable | 47/48 | €1,614,356 | €1,738,687 | +€124,331 | +7.7% |
| Accrued charges and deferred income | 492/3 | €2,297 | €4,068 | +€1,771 | +77.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €128,300 | €131,065 | +€2,764 | +2.2% |
| Other operating charges | 640/8 | €144,163 | €37,212 | -€106,951 | -74.2% |
| Gross operating margin | 9900 | €329,066 | €260,413 | -€68,653 | -20.9% |
| Operating profit (loss) | 9901 | €56,603 | €92,136 | +€35,534 | +62.8% |
| Financial income | 75/76B | €0 | €5 | +€5 | +10,600% |
| Recurring financial income | 75 | €0 | €5 | +€5 | +10,600% |
| Financial charges | 65/66B | €36,810 | €52,708 | +€15,898 | +43.2% |
| Recurring financial charges | 65 | €36,810 | €52,708 | +€15,898 | +43.2% |
| Profit (loss) for the period before taxes | 9903 | €19,793 | €39,434 | +€19,641 | +99.2% |
| Profit (loss) for the period | 9904 | €19,793 | €39,434 | +€19,641 | +99.2% |
| Profit (loss) for the period to be appropriated | 9905 | €19,793 | €39,434 | +€19,641 | +99.2% |
Next steps
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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 5 November 2026 via checked.be.