ACCOUNTANCY PEETERS: 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.
ACCOUNTANCY PEETERS
Largest movements
- Cash +€97,364
up €97,364 (+218%), from €44,732 to €142,096
mainly Current investments (+€62,000) and Net result for the year (+€33,603)
- Current investments -€62,000
down €62,000 (-49.8%), from €124,500 to €62,500
- Receivables within one year -€9,737
down €9,737 (-25.0%), from €38,929 to €29,193
of which Trade receivables: -€11,461
- Reserves +€33,603
up €33,603 (+19.2%), from €175,116 to €208,719
- Trade debts -€4,963
no longer reported in 2025 (was €4,963)
- Gross operating margin +€6,394
up €6,394 (+16.7%), from €38,287 to €44,681
- Financial income +€3,899
up €3,899 (+273%), from €1,428 to €5,327
- Taxes +€3,051
up €3,051 (+29.0%), from €10,507 to €13,558
- Financial charges -€768
down €768 (-45.7%), from €1,678 to €911
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 | €219,243 | €246,591 | +€27,348 | +12.5% |
| Fixed assets | 21/28 | €2,574 | €3,730 | +€1,155 | +44.9% |
| Tangible fixed assets | 22/27 | €2,574 | €3,730 | +€1,155 | +44.9% |
| Other tangible fixed assets | 26 | €2,574 | €3,730 | +€1,155 | +44.9% |
| Current assets | 29/58 | €216,668 | €242,862 | +€26,193 | +12.1% |
| Amounts receivable within one year | 40/41 | €38,929 | €29,193 | -€9,737 | -25.0% |
| Trade receivables | 40 | €35,926 | €24,465 | -€11,461 | -31.9% |
| Other amounts receivable | 41 | €3,003 | €4,728 | +€1,725 | +57.4% |
| Current investments | 50/53 | €124,500 | €62,500 | -€62,000 | -49.8% |
| Cash at bank and in hand | 54/58 | €44,732 | €142,096 | +€97,364 | +218% |
| Deferred charges and accrued income | 490/1 | €8,507 | €9,073 | +€565 | +6.6% |
| Total equity and liabilities | 10/49 | €219,243 | €246,591 | +€27,348 | +12.5% |
| Equity | 10/15 | €199,905 | €233,508 | +€33,603 | +16.8% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €175,116 | €208,719 | +€33,603 | +19.2% |
| Distributable reserves | 133 | €175,116 | €208,719 | +€33,603 | +19.2% |
| Amounts payable | 17/49 | €19,337 | €13,083 | -€6,254 | -32.3% |
| Amounts payable within one year | 42/48 | €18,691 | €13,070 | -€5,621 | -30.1% |
| Trade debts | 44 | €4,963 | - | -€4,963 | |
| Suppliers | 440/4 | €4,963 | - | -€4,963 | |
| Taxes, remuneration and social security | 45 | €1,353 | €1,735 | +€382 | +28.2% |
| Taxes | 450/3 | €1,353 | €1,735 | +€382 | +28.2% |
| Other amounts payable | 47/48 | €12,375 | €11,335 | -€1,040 | -8.4% |
| Accrued charges and deferred income | 492/3 | €646 | €13 | -€633 | -98.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,504 | €1,561 | +€58 | +3.8% |
| Other operating charges | 640/8 | €443 | €376 | -€68 | -15.2% |
| Gross operating margin | 9900 | €38,287 | €44,681 | +€6,394 | +16.7% |
| Operating profit (loss) | 9901 | €36,340 | €42,744 | +€6,404 | +17.6% |
| Financial income | 75/76B | €1,428 | €5,327 | +€3,899 | +273% |
| Recurring financial income | 75 | €1,428 | €5,327 | +€3,899 | +273% |
| Financial charges | 65/66B | €1,678 | €911 | -€768 | -45.7% |
| Recurring financial charges | 65 | €1,678 | €911 | -€768 | -45.7% |
| Profit (loss) for the period before taxes | 9903 | €36,090 | €47,160 | +€11,071 | +30.7% |
| Income taxes | 67/77 | €10,507 | €13,558 | +€3,051 | +29.0% |
| Profit (loss) for the period | 9904 | €25,583 | €33,603 | +€8,020 | +31.3% |
| Profit (loss) for the period to be appropriated | 9905 | €25,583 | €33,603 | +€8,020 | +31.3% |
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 30 October 2026 via checked.be.