Bart PS Peeters: 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.
Bart PS Peeters
Largest movements
- Cash -€59,504
down €59,504 (-97.8%), from €60,842 to €1,339
mainly Contributions, distributions and other (-€250,904) and Receivables within one year (-€25,673)
- Receivables within one year +€25,673
up €25,673 (+46.8%), from €54,909 to €80,582
of which Other amounts receivable: +€28,513
- Current investments -€22,595
down €22,595 (-61.7%), from €36,595 to €14,000
- Tangible fixed assets -€2,824
down €2,824 (-25.4%), from €11,098 to €8,275
of which Furniture and vehicles: -€2,304
- Reserves -€155,569
down €155,569 (-100.0%), from €155,569 to €0
- Other debts +€89,207
up €89,207, from €0 to €89,207
- Tax, wage and social debts +€7,159
up €7,159 (+246.3%), from €2,906 to €10,065
- Financial income +€22,972
up €22,972 (+2568.6%), from €894 to €23,866
- Gross operating margin -€6,376
down €6,376 (-6.1%), from €104,417 to €98,041
- Financial charges -€2,567
down €2,567 (-57.3%), from €4,479 to €1,912
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 | €164,940 | €106,204 | -€58,736 | -35.6% |
| Fixed assets | 21/28 | €11,098 | €8,275 | -€2,824 | -25.4% |
| Tangible fixed assets | 22/27 | €11,098 | €8,275 | -€2,824 | -25.4% |
| Plant, machinery and equipment | 23 | €4,996 | €4,476 | -€520 | -10.4% |
| Furniture and vehicles | 24 | €4,603 | €2,299 | -€2,304 | -50.1% |
| Other tangible fixed assets | 26 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €153,842 | €97,929 | -€55,913 | -36.3% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €54,909 | €80,582 | +€25,673 | +46.8% |
| Trade receivables | 40 | €53,588 | €50,748 | -€2,841 | -5.3% |
| Other amounts receivable | 41 | €1,321 | €29,834 | +€28,513 | +2158.7% |
| Current investments | 50/53 | €36,595 | €14,000 | -€22,595 | -61.7% |
| Cash at bank and in hand | 54/58 | €60,842 | €1,339 | -€59,504 | -97.8% |
| Deferred charges and accrued income | 490/1 | €1,496 | €2,009 | +€513 | +34.3% |
| Total equity and liabilities | 10/49 | €164,940 | €106,204 | -€58,736 | -35.6% |
| Equity | 10/15 | €160,569 | €5,000 | -€155,569 | -96.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €155,569 | €0 | -€155,569 | -100.0% |
| Distributable reserves | 133 | €155,569 | €0 | -€155,569 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €4,371 | €101,204 | +€96,833 | +2215.5% |
| Amounts payable within one year | 42/48 | €4,371 | €101,204 | +€96,833 | +2215.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,464 | €1,931 | +€467 | +31.9% |
| Suppliers | 440/4 | €1,464 | €1,931 | +€467 | +31.9% |
| Taxes, remuneration and social security | 45 | €2,906 | €10,065 | +€7,159 | +246.3% |
| Taxes | 450/3 | €2,906 | €10,065 | +€7,159 | +246.3% |
| Other amounts payable | 47/48 | €0 | €89,207 | +€89,207 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,074 | €3,606 | +€532 | +17.3% |
| Other operating charges | 640/8 | €764 | €895 | +€132 | +17.3% |
| Gross operating margin | 9900 | €104,417 | €98,041 | -€6,376 | -6.1% |
| Operating profit (loss) | 9901 | €100,579 | €93,539 | -€7,040 | -7.0% |
| Financial income | 75/76B | €894 | €23,866 | +€22,972 | +2568.6% |
| Recurring financial income | 75 | €894 | €23,866 | +€22,972 | +2568.6% |
| Financial charges | 65/66B | €4,479 | €1,912 | -€2,567 | -57.3% |
| Recurring financial charges | 65 | €4,479 | €1,912 | -€2,567 | -57.3% |
| Profit (loss) for the period before taxes | 9903 | €96,995 | €115,494 | +€18,499 | +19.1% |
| Income taxes | 67/77 | €21,031 | €20,159 | -€873 | -4.1% |
| Profit (loss) for the period | 9904 | €75,963 | €95,335 | +€19,372 | +25.5% |
| Profit (loss) for the period to be appropriated | 9905 | €75,963 | €95,335 | +€19,372 | +25.5% |
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 8 October 2026 via checked.be.