AB-Peeters: what changed
What changed
AB-Peeters
NACE 43.310, Plastering work
filed annual accounts (NBB)
Net result for the year
€30,574
2024 · €39,963-€9,389
Equity
€32,574
2024 · €227,985-€195,411
Cash
€158,047
2024 · €151,307+€6,741
Balance sheet total
€1.3m
2024 · €998,262+€325,915
Largest movements
Assets
- Receivables within one year +€220,128
up €220,128 (+55.6%), from €395,885 to €616,013
of which Trade receivables: +€217,622
- Stocks and contracts +€91,140
up €91,140 (+153%), from €59,559 to €150,699
Equity and liabilities
- Trade debts +€356,676
up €356,676 (+117%), from €303,877 to €660,553
- Reserves -€195,411
down €195,411 (-86.5%), from €225,985 to €30,574
- Other debts +€131,725
up €131,725 (+6,655%), from €1,979 to €133,704
- Tax, wage and social debts +€34,760
up €34,760 (+227%), from €15,332 to €50,092
of which Taxes: +€33,648
- Debts after one year +€13,945
up €13,945 (+6.3%), from €220,702 to €234,647
Income statement
- Gross operating margin +€212,737
up €212,737 (+31.2%), from €681,023 to €893,760
- Staff costs +€126,147
up €126,147 (+23.1%), from €545,599 to €671,746
- Financial charges +€80,236
up €80,236 (+397%), from €20,228 to €100,464
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.
Result 2024
€39,963
Gross operating margin
+€212,737
Staff costs
-€126,147
Depreciation
-€4,184
Write-downs
-€7,019
Other operating charges
-€3,031
Financial income
-€2,704
Financial charges
-€80,236
Taxes
+€1,196
Result 2025
€30,574
raises the resultlowers the result
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.
From operations
+€297,961
Investment
-€73,286
Financing
-€217,935
Cash 2024
€151,307
From operations (derived)
+€297,961
Net result for the year
+€30,574
Depreciation
+€64,359
Stocks and contracts
-€91,140
Receivables within one year
-€220,128
Deferred charges and accrued income
+€1,020
Trade debts
+€356,676
Tax, wage and social debts
+€34,760
Advances received
-€9,884
Other debts
+€131,725
Investment (derived)
-€73,286
Investment in fixed assets (net)
-€73,286
Financing
-€217,935
Debts after one year
+€13,945
Current portion of long-term debt
-€5,896
Contributions, distributions and other
-€225,985
Cash 2025
€158,047
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €998,262 | €1,324,177 | +€325,915 | +32.6% |
| Fixed assets | 21/28 | €387,910 | €396,837 | +€8,927 | +2.3% |
| Tangible fixed assets | 22/27 | €387,910 | €396,837 | +€8,927 | +2.3% |
| Land and buildings | 22 | €253,904 | €243,216 | -€10,688 | -4.2% |
| Plant, machinery and equipment | 23 | €25,264 | €22,867 | -€2,397 | -9.5% |
| Furniture and vehicles | 24 | €78,934 | €79,928 | +€994 | +1.3% |
| Leasing and similar rights | 25 | - | €25,786 | +€25,786 | |
| Other tangible fixed assets | 26 | €29,808 | €25,039 | -€4,768 | -16.0% |
| Current assets | 29/58 | €610,352 | €927,341 | +€316,988 | +51.9% |
| Stocks and contracts in progress | 3 | €59,559 | €150,699 | +€91,140 | +153% |
| Contracts in progress | 37 | €59,559 | €150,699 | +€91,140 | +153% |
| Amounts receivable within one year | 40/41 | €395,885 | €616,013 | +€220,128 | +55.6% |
| Trade receivables | 40 | €294,012 | €511,633 | +€217,622 | +74.0% |
| Other amounts receivable | 41 | €101,873 | €104,380 | +€2,506 | +2.5% |
| Cash at bank and in hand | 54/58 | €151,307 | €158,047 | +€6,741 | +4.5% |
| Deferred charges and accrued income | 490/1 | €3,601 | €2,581 | -€1,020 | -28.3% |
| Total equity and liabilities | 10/49 | €998,262 | €1,324,177 | +€325,915 | +32.6% |
| Equity | 10/15 | €227,985 | €32,574 | -€195,411 | -85.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €225,985 | €30,574 | -€195,411 | -86.5% |
| Distributable reserves | 133 | €225,985 | €30,574 | -€195,411 | -86.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €770,277 | €1,291,603 | +€521,326 | +67.7% |
| Amounts payable after more than one year | 17 | €220,702 | €234,647 | +€13,945 | +6.3% |
| Financial debts | 170/4 | €220,702 | €234,647 | +€13,945 | +6.3% |
| Amounts payable within one year | 42/48 | €549,575 | €1,056,956 | +€507,381 | +92.3% |
| Current portion of amounts payable after more than one year | 42 | €60,115 | €54,219 | -€5,896 | -9.8% |
| Financial debts | 43 | €150,000 | €150,000 | = | 0.0% |
| Credit institutions | 430/8 | €150,000 | €150,000 | = | 0.0% |
| Trade debts | 44 | €303,877 | €660,553 | +€356,676 | +117% |
| Suppliers | 440/4 | €303,877 | €660,553 | +€356,676 | +117% |
| Advances received on contracts in progress | 46 | €18,272 | €8,388 | -€9,884 | -54.1% |
| Taxes, remuneration and social security | 45 | €15,332 | €50,092 | +€34,760 | +227% |
| Taxes | 450/3 | €5,242 | €38,890 | +€33,648 | +642% |
| Remuneration and social security | 454/9 | €10,090 | €11,203 | +€1,112 | +11.0% |
| Other amounts payable | 47/48 | €1,979 | €133,704 | +€131,725 | +6,655% |
| Remuneration, social security and pensions | 62 | €545,599 | €671,746 | +€126,147 | +23.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,175 | €64,359 | +€4,184 | +7.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €7,019 | +€7,019 | |
| Other operating charges | 640/8 | €5,485 | €8,516 | +€3,031 | +55.3% |
| Gross operating margin | 9900 | €681,023 | €893,760 | +€212,737 | +31.2% |
| Operating profit (loss) | 9901 | €69,764 | €142,120 | +€72,356 | +104% |
| Financial income | 75/76B | €3,668 | €965 | -€2,704 | -73.7% |
| Recurring financial income | 75 | €3,668 | €965 | -€2,704 | -73.7% |
| Financial charges | 65/66B | €20,228 | €100,464 | +€80,236 | +397% |
| Recurring financial charges | 65 | €20,228 | €100,464 | +€80,236 | +397% |
| Profit (loss) for the period before taxes | 9903 | €53,205 | €42,620 | -€10,584 | -19.9% |
| Income taxes | 67/77 | €13,242 | €12,046 | -€1,196 | -9.0% |
| Profit (loss) for the period | 9904 | €39,963 | €30,574 | -€9,389 | -23.5% |
| Profit (loss) for the period to be appropriated | 9905 | €39,963 | €30,574 | -€9,389 | -23.5% |
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 3 November 2026 via checked.be.