An 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.
An Peeters
Largest movements
- Tangible fixed assets +€5,171
new in 2025: €5,171
of which Furniture and vehicles: +€3,151
- Receivables within one year -€5,137
down €5,137 (-57.1%), from €8,997 to €3,860
of which Other amounts receivable: -€8,957
- Formation expenses -€2,311
no longer reported in 2025 (was €2,311)
- Cash -€2,224
down €2,224 (-44.5%), from €4,994 to €2,770
mainly Investment in fixed assets (net) (-€6,971) and Trade debts (-€5,073)
- Stocks and contracts +€1,700
new in 2025: €1,700
- Other debts +€6,492
up €6,492 (+186%), from €3,492 to €9,984
- Trade debts -€5,073
down €5,073 (-83.2%), from €6,097 to €1,023
- Profit (loss) carried forward -€2,723
down €2,723, from €473 to -€2,250
- Accrued charges and deferred income -€853
no longer reported in 2025 (was €853)
- Depreciation +€2,956
up €2,956 (+256%), from €1,156 to €4,112
- Other operating charges +€1,971
up €1,971 (+951%), from €207 to €2,178
- Gross operating margin +€1,371
up €1,371 (+59.8%), from €2,293 to €3,664
- Taxes -€414
down €414, from €388 to -€26
- Financial charges +€52
up €52 (+69.8%), from €74 to €126
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 | €16,303 | €14,130 | -€2,172 | -13.3% |
| Formation expenses | 20 | €2,311 | - | -€2,311 | |
| Fixed assets | 21/28 | - | €5,171 | +€5,171 | |
| Tangible fixed assets | 22/27 | - | €5,171 | +€5,171 | |
| Plant, machinery and equipment | 23 | - | €2,020 | +€2,020 | |
| Furniture and vehicles | 24 | - | €3,151 | +€3,151 | |
| Current assets | 29/58 | €13,991 | €8,960 | -€5,031 | -36.0% |
| Stocks and contracts in progress | 3 | - | €1,700 | +€1,700 | |
| Stocks | 30/36 | - | €1,700 | +€1,700 | |
| Amounts receivable within one year | 40/41 | €8,997 | €3,860 | -€5,137 | -57.1% |
| Trade receivables | 40 | - | €3,820 | +€3,820 | |
| Other amounts receivable | 41 | €8,997 | €40 | -€8,957 | -99.6% |
| Cash at bank and in hand | 54/58 | €4,994 | €2,770 | -€2,224 | -44.5% |
| Deferred charges and accrued income | 490/1 | - | €630 | +€630 | |
| Total equity and liabilities | 10/49 | €16,303 | €14,130 | -€2,172 | -13.3% |
| Equity | 10/15 | €5,473 | €2,750 | -€2,723 | -49.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €473 | -€2,250 | -€2,723 | |
| Amounts payable | 17/49 | €10,830 | €11,381 | +€551 | +5.1% |
| Amounts payable within one year | 42/48 | €9,977 | €11,381 | +€1,403 | +14.1% |
| Trade debts | 44 | €6,097 | €1,023 | -€5,073 | -83.2% |
| Suppliers | 440/4 | €6,097 | €1,023 | -€5,073 | -83.2% |
| Taxes, remuneration and social security | 45 | €388 | €373 | -€15 | -3.9% |
| Taxes | 450/3 | €388 | €373 | -€15 | -3.9% |
| Other amounts payable | 47/48 | €3,492 | €9,984 | +€6,492 | +186% |
| Accrued charges and deferred income | 492/3 | €853 | - | -€853 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,156 | €4,112 | +€2,956 | +256% |
| Other operating charges | 640/8 | €207 | €2,178 | +€1,971 | +951% |
| Gross operating margin | 9900 | €2,293 | €3,664 | +€1,371 | +59.8% |
| Operating profit (loss) | 9901 | €930 | -€2,626 | -€3,556 | |
| Financial income | 75/76B | €6 | €3 | -€3 | -54.2% |
| Recurring financial income | 75 | €6 | €3 | -€3 | -54.2% |
| Financial charges | 65/66B | €74 | €126 | +€52 | +69.8% |
| Recurring financial charges | 65 | €74 | €126 | +€52 | +69.8% |
| Profit (loss) for the period before taxes | 9903 | €861 | -€2,749 | -€3,610 | |
| Income taxes | 67/77 | €388 | -€26 | -€414 | |
| Profit (loss) for the period | 9904 | €473 | -€2,723 | -€3,196 | |
| Profit (loss) for the period to be appropriated | 9905 | €473 | -€2,723 | -€3,196 |
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.