BEN 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.
BEN PEETERS
Largest movements
- Receivables within one year -€223,876
down €223,876 (-84.4%), from €265,234 to €41,358
of which Trade receivables: -€218,768
- Current investments +€107,867
up €107,867 (+187%), from €57,637 to €165,504
- Tangible fixed assets -€60,771
down €60,771 (-8.3%), from €734,425 to €673,654
of which Furniture and vehicles: -€31,864
- Other debts -€122,454
down €122,454 (-68.2%), from €179,475 to €57,021
- Debts after one year -€67,412
down €67,412 (-21.3%), from €316,966 to €249,554
- Trade debts +€22,273
up €22,273 (+10.0%), from €223,622 to €245,895
- Gross operating margin -€194,680
down €194,680 (-69.5%), from €280,052 to €85,372
- Staff costs -€115,834
down €115,834 (-100%), from €115,834 to €0
- Depreciation -€31,120
down €31,120 (-49.4%), from €62,980 to €31,860
- Other operating charges +€21,620
up €21,620 (+323%), from €6,690 to €28,309
- Taxes -€19,149
down €19,149 (-83.1%), from €23,041 to €3,892
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 | €1,260,185 | €1,083,962 | -€176,223 | -14.0% |
| Fixed assets | 21/28 | €734,425 | €673,654 | -€60,771 | -8.3% |
| Tangible fixed assets | 22/27 | €734,425 | €673,654 | -€60,771 | -8.3% |
| Land and buildings | 22 | €696,733 | €667,826 | -€28,907 | -4.1% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €37,691 | €5,828 | -€31,864 | -84.5% |
| Current assets | 29/58 | €525,760 | €410,308 | -€115,452 | -22.0% |
| Amounts receivable within one year | 40/41 | €265,234 | €41,358 | -€223,876 | -84.4% |
| Trade receivables | 40 | €257,517 | €38,749 | -€218,768 | -85.0% |
| Other amounts receivable | 41 | €7,717 | €2,609 | -€5,108 | -66.2% |
| Current investments | 50/53 | €57,637 | €165,504 | +€107,867 | +187% |
| Cash at bank and in hand | 54/58 | €198,514 | €201,366 | +€2,852 | +1.4% |
| Deferred charges and accrued income | 490/1 | €4,376 | €2,080 | -€2,295 | -52.5% |
| Total equity and liabilities | 10/49 | €1,260,185 | €1,083,962 | -€176,223 | -14.0% |
| Equity | 10/15 | €444,145 | €450,464 | +€6,319 | +1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €425,545 | €431,864 | +€6,319 | +1.5% |
| Distributable reserves | 133 | €425,545 | €431,864 | +€6,319 | +1.5% |
| Amounts payable | 17/49 | €816,040 | €633,498 | -€182,542 | -22.4% |
| Amounts payable after more than one year | 17 | €316,966 | €249,554 | -€67,412 | -21.3% |
| Financial debts | 170/4 | €316,966 | €249,554 | -€67,412 | -21.3% |
| Amounts payable within one year | 42/48 | €493,035 | €378,491 | -€114,544 | -23.2% |
| Current portion of amounts payable after more than one year | 42 | €67,528 | €61,646 | -€5,883 | -8.7% |
| Financial debts | 43 | €10,165 | - | -€10,165 | |
| Credit institutions | 430/8 | €10,165 | - | -€10,165 | |
| Trade debts | 44 | €223,622 | €245,895 | +€22,273 | +10.0% |
| Suppliers | 440/4 | €223,622 | €245,895 | +€22,273 | +10.0% |
| Taxes, remuneration and social security | 45 | €12,245 | €13,930 | +€1,684 | +13.8% |
| Taxes | 450/3 | €7,212 | €13,930 | +€6,718 | +93.2% |
| Remuneration and social security | 454/9 | €5,034 | €0 | -€5,034 | -100% |
| Other amounts payable | 47/48 | €179,475 | €57,021 | -€122,454 | -68.2% |
| Accrued charges and deferred income | 492/3 | €6,039 | €5,453 | -€586 | -9.7% |
| Remuneration, social security and pensions | 62 | €115,834 | €0 | -€115,834 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,980 | €31,860 | -€31,120 | -49.4% |
| Other operating charges | 640/8 | €6,690 | €28,309 | +€21,620 | +323% |
| Gross operating margin | 9900 | €280,052 | €85,372 | -€194,680 | -69.5% |
| Operating profit (loss) | 9901 | €94,549 | €25,203 | -€69,346 | -73.3% |
| Financial income | 75/76B | €3,771 | €1,530 | -€2,241 | -59.4% |
| Recurring financial income | 75 | €3,771 | €1,530 | -€2,241 | -59.4% |
| Financial charges | 65/66B | €22,917 | €15,723 | -€7,194 | -31.4% |
| Recurring financial charges | 65 | €22,917 | €15,723 | -€7,194 | -31.4% |
| Profit (loss) for the period before taxes | 9903 | €75,403 | €11,011 | -€64,393 | -85.4% |
| Income taxes | 67/77 | €23,041 | €3,892 | -€19,149 | -83.1% |
| Profit (loss) for the period | 9904 | €52,363 | €7,119 | -€45,244 | -86.4% |
| Profit (loss) for the period to be appropriated | 9905 | €52,363 | €7,119 | -€45,244 | -86.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.