Augustijn 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.
Augustijn Peeters
Largest movements
- Receivables within one year -€91,575
down €91,575 (-53.4%), from €171,342 to €79,767
of which Trade receivables: -€98,453
- Tangible fixed assets -€79,978
down €79,978 (-5.9%), from €1.4m to €1.3m
of which Land and buildings: -€83,545
- Debts after one year -€95,665
down €95,665 (-12.3%), from €777,728 to €682,063
- Current portion of long-term debt -€38,669
down €38,669 (-28.8%), from €134,334 to €95,665
- Profit (loss) carried forward -€26,348
down €26,348 (-9.5%), from €276,064 to €249,716
- Financial income -€10,000
no longer reported in 2025 (was €10,000)
- Staff costs +€9,995
up €9,995 (+17.5%), from €57,090 to €67,085
- Gross operating margin -€9,949
down €9,949 (-6.0%), from €165,117 to €155,168
- Taxes -€7,467
down €7,467, from €7,456 to -€11
- Other operating charges +€4,801
up €4,801 (+318.0%), from €1,510 to €6,310
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 | €1,553,186 | €1,387,865 | -€165,322 | -10.6% |
| Fixed assets | 21/28 | €1,353,893 | €1,273,915 | -€79,978 | -5.9% |
| Tangible fixed assets | 22/27 | €1,353,893 | €1,273,915 | -€79,978 | -5.9% |
| Land and buildings | 22 | €1,349,942 | €1,266,396 | -€83,545 | -6.2% |
| Plant, machinery and equipment | 23 | €3,951 | €3,743 | -€208 | -5.3% |
| Furniture and vehicles | 24 | - | €3,776 | +€3,776 | |
| Current assets | 29/58 | €199,293 | €113,949 | -€85,344 | -42.8% |
| Amounts receivable within one year | 40/41 | €171,342 | €79,767 | -€91,575 | -53.4% |
| Trade receivables | 40 | €171,164 | €72,711 | -€98,453 | -57.5% |
| Other amounts receivable | 41 | €178 | €7,056 | +€6,878 | +3859.3% |
| Cash at bank and in hand | 54/58 | €25,117 | €27,757 | +€2,640 | +10.5% |
| Deferred charges and accrued income | 490/1 | €2,834 | €6,425 | +€3,591 | +126.7% |
| Total equity and liabilities | 10/49 | €1,553,186 | €1,387,865 | -€165,322 | -10.6% |
| Equity | 10/15 | €526,064 | €499,716 | -€26,348 | -5.0% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Contributions outside capital | 11 | €250,000 | €250,000 | = | 0.0% |
| Other | 1109/19 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €276,064 | €249,716 | -€26,348 | -9.5% |
| Amounts payable | 17/49 | €1,027,122 | €888,148 | -€138,974 | -13.5% |
| Amounts payable after more than one year | 17 | €777,728 | €682,063 | -€95,665 | -12.3% |
| Financial debts | 170/4 | €777,728 | €682,063 | -€95,665 | -12.3% |
| Amounts payable within one year | 42/48 | €247,012 | €197,506 | -€49,506 | -20.0% |
| Current portion of amounts payable after more than one year | 42 | €134,334 | €95,665 | -€38,669 | -28.8% |
| Trade debts | 44 | €45,003 | €44,480 | -€523 | -1.2% |
| Suppliers | 440/4 | €45,003 | €44,480 | -€523 | -1.2% |
| Taxes, remuneration and social security | 45 | €52,593 | €47,125 | -€5,468 | -10.4% |
| Taxes | 450/3 | €44,388 | €29,652 | -€14,736 | -33.2% |
| Remuneration and social security | 454/9 | €8,206 | €17,473 | +€9,267 | +112.9% |
| Other amounts payable | 47/48 | €15,081 | €10,235 | -€4,846 | -32.1% |
| Accrued charges and deferred income | 492/3 | €2,383 | €8,580 | +€6,197 | +260.1% |
| Remuneration, social security and pensions | 62 | €57,090 | €67,085 | +€9,995 | +17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,912 | €90,499 | +€1,586 | +1.8% |
| Other operating charges | 640/8 | €1,510 | €6,310 | +€4,801 | +318.0% |
| Gross operating margin | 9900 | €165,117 | €155,168 | -€9,949 | -6.0% |
| Operating profit (loss) | 9901 | €17,606 | -€8,726 | -€26,331 | |
| Financial income | 75/76B | €10,000 | - | -€10,000 | |
| Recurring financial income | 75 | €10,000 | - | -€10,000 | |
| Financial charges | 65/66B | €17,806 | €17,633 | -€173 | -1.0% |
| Recurring financial charges | 65 | €17,806 | €17,633 | -€173 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | €9,800 | -€26,359 | -€36,159 | |
| Income taxes | 67/77 | €7,456 | -€11 | -€7,467 | |
| Profit (loss) for the period | 9904 | €2,344 | -€26,348 | -€28,692 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,344 | -€26,348 | -€28,692 |
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 12 October 2026 via checked.be.