2Peaks: 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.
2Peaks
Largest movements
- Receivables within one year +€57,562
up €57,562 (+161.8%), from €35,572 to €93,134
of which Other amounts receivable: +€36,387
- Cash -€15,403
down €15,403 (-100.0%), from €15,403 to €0
mainly Receivables within one year (-€57,562) and Short-term financial debts (-€9,506)
- Tangible fixed assets -€15,140
down €15,140 (-26.2%), from €57,722 to €42,582
of which Leasing and similar rights: -€8,624
- Deferred charges and accrued income -€3,834
down €3,834 (-83.1%), from €4,614 to €780
- Current investments +€3,000
new in 2025: €3,000
- Reserves +€23,659
up €23,659 (+63.9%), from €37,037 to €60,695
- Tax, wage and social debts +€17,845
up €17,845 (+122.8%), from €14,529 to €32,374
- Short-term financial debts -€9,506
down €9,506 (-75.9%), from €12,530 to €3,024
- Debts after one year -€7,355
down €7,355 (-24.8%), from €29,625 to €22,270
- Gross operating margin -€19,303
down €19,303 (-25.0%), from €77,348 to €58,044
- Taxes -€10,619
down €10,619 (-41.3%), from €25,735 to €15,116
- Depreciation +€4,394
up €4,394 (+40.9%), from €10,746 to €15,140
- Financial income +€1,449
up €1,449 (+217.7%), from €665 to €2,114
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 | €113,312 | €139,495 | +€26,183 | +23.1% |
| Fixed assets | 21/28 | €57,722 | €42,582 | -€15,140 | -26.2% |
| Tangible fixed assets | 22/27 | €57,722 | €42,582 | -€15,140 | -26.2% |
| Land and buildings | 22 | €1,280 | €790 | -€490 | -38.3% |
| Plant, machinery and equipment | 23 | €1,900 | €382 | -€1,518 | -79.9% |
| Furniture and vehicles | 24 | €1,267 | €857 | -€410 | -32.4% |
| Leasing and similar rights | 25 | €39,977 | €31,352 | -€8,624 | -21.6% |
| Other tangible fixed assets | 26 | €13,298 | €9,200 | -€4,098 | -30.8% |
| Current assets | 29/58 | €55,590 | €96,913 | +€41,324 | +74.3% |
| Amounts receivable within one year | 40/41 | €35,572 | €93,134 | +€57,562 | +161.8% |
| Trade receivables | 40 | €15,125 | €36,300 | +€21,175 | +140.0% |
| Other amounts receivable | 41 | €20,447 | €56,834 | +€36,387 | +178.0% |
| Current investments | 50/53 | - | €3,000 | +€3,000 | |
| Cash at bank and in hand | 54/58 | €15,403 | €0 | -€15,403 | -100.0% |
| Deferred charges and accrued income | 490/1 | €4,614 | €780 | -€3,834 | -83.1% |
| Total equity and liabilities | 10/49 | €113,312 | €139,495 | +€26,183 | +23.1% |
| Equity | 10/15 | €49,437 | €73,095 | +€23,659 | +47.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €37,037 | €60,695 | +€23,659 | +63.9% |
| Distributable reserves | 133 | €37,037 | €60,695 | +€23,659 | +63.9% |
| Amounts payable | 17/49 | €63,875 | €66,400 | +€2,525 | +4.0% |
| Amounts payable after more than one year | 17 | €29,625 | €22,270 | -€7,355 | -24.8% |
| Financial debts | 170/4 | €29,625 | €22,270 | -€7,355 | -24.8% |
| Amounts payable within one year | 42/48 | €34,250 | €44,130 | +€9,880 | +28.8% |
| Current portion of amounts payable after more than one year | 42 | €7,043 | €7,355 | +€312 | +4.4% |
| Financial debts | 43 | €12,530 | €3,024 | -€9,506 | -75.9% |
| Credit institutions | 430/8 | €12,530 | €3,024 | -€9,506 | -75.9% |
| Trade debts | 44 | €147 | €1,377 | +€1,229 | +833.4% |
| Suppliers | 440/4 | €147 | €1,377 | +€1,229 | +833.4% |
| Taxes, remuneration and social security | 45 | €14,529 | €32,374 | +€17,845 | +122.8% |
| Taxes | 450/3 | €14,529 | €32,374 | +€17,845 | +122.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,746 | €15,140 | +€4,394 | +40.9% |
| Other operating charges | 640/8 | €1,035 | €1,384 | +€350 | +33.8% |
| Gross operating margin | 9900 | €77,348 | €58,044 | -€19,303 | -25.0% |
| Operating profit (loss) | 9901 | €65,566 | €41,520 | -€24,047 | -36.7% |
| Financial income | 75/76B | €665 | €2,114 | +€1,449 | +217.7% |
| Recurring financial income | 75 | €665 | €2,114 | +€1,449 | +217.7% |
| Financial charges | 65/66B | €5,135 | €4,859 | -€276 | -5.4% |
| Recurring financial charges | 65 | €5,135 | €4,859 | -€276 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €61,097 | €38,775 | -€22,322 | -36.5% |
| Income taxes | 67/77 | €25,735 | €15,116 | -€10,619 | -41.3% |
| Profit (loss) for the period | 9904 | €35,362 | €23,659 | -€11,703 | -33.1% |
| Profit (loss) for the period to be appropriated | 9905 | €35,362 | €23,659 | -€11,703 | -33.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.