BRUNO 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.
BRUNO PEETERS
Largest movements
- Cash +€93,069
up €93,069 (+37.3%), from €249,231 to €342,299
mainly Net result for the year (+€101,529) and Accrued charges and deferred income (+€1,045)
- Reserves +€101,529
up €101,529 (+17.3%), from €587,928 to €689,458
of which Distributable reserves: +€101,529
- Gross operating margin +€54,829
up €54,829 (+53.7%), from €102,099 to €156,928
- Taxes +€24,877
up €24,877 (+109%), from €22,866 to €47,743
- Depreciation -€15,313
down €15,313 (-97.4%), from €15,717 to €404
- Other operating charges +€2,657
up €2,657 (+163%), from €1,626 to €4,283
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 | €774,203 | €867,463 | +€93,260 | +12.0% |
| Fixed assets | 21/28 | €524,972 | €524,201 | -€772 | -0.1% |
| Tangible fixed assets | 22/27 | €524,972 | €524,201 | -€772 | -0.1% |
| Land and buildings | 22 | €523,931 | €524,201 | +€270 | +0.1% |
| Furniture and vehicles | 24 | €347 | €0 | -€347 | -100% |
| Other tangible fixed assets | 26 | €694 | €0 | -€694 | -100% |
| Current assets | 29/58 | €249,231 | €343,262 | +€94,032 | +37.7% |
| Amounts receivable within one year | 40/41 | - | €963 | +€963 | |
| Other amounts receivable | 41 | - | €963 | +€963 | |
| Cash at bank and in hand | 54/58 | €249,231 | €342,299 | +€93,069 | +37.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €774,203 | €867,463 | +€93,260 | +12.0% |
| Equity | 10/15 | €687,928 | €789,458 | +€101,529 | +14.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €587,928 | €689,458 | +€101,529 | +17.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €587,928 | €689,458 | +€101,529 | +17.3% |
| Amounts payable | 17/49 | €86,274 | €78,005 | -€8,269 | -9.6% |
| Amounts payable within one year | 42/48 | €84,013 | €74,699 | -€9,314 | -11.1% |
| Trade debts | 44 | €2,111 | €36 | -€2,074 | -98.3% |
| Suppliers | 440/4 | €2,111 | €36 | -€2,074 | -98.3% |
| Taxes, remuneration and social security | 45 | €12,883 | €7,362 | -€5,521 | -42.9% |
| Taxes | 450/3 | €12,883 | €7,362 | -€5,521 | -42.9% |
| Other amounts payable | 47/48 | €69,020 | €67,301 | -€1,719 | -2.5% |
| Accrued charges and deferred income | 492/3 | €2,261 | €3,306 | +€1,045 | +46.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,717 | €404 | -€15,313 | -97.4% |
| Other operating charges | 640/8 | €1,626 | €4,283 | +€2,657 | +163% |
| Non-recurring operating charges | 66A | - | €694 | +€694 | |
| Gross operating margin | 9900 | €102,099 | €156,928 | +€54,829 | +53.7% |
| Operating profit (loss) | 9901 | €84,756 | €151,548 | +€66,792 | +78.8% |
| Financial income | 75/76B | €1,259 | €1,270 | +€12 | +0.9% |
| Recurring financial income | 75 | €1,259 | €1,270 | +€12 | +0.9% |
| Financial charges | 65/66B | €2,921 | €3,546 | +€625 | +21.4% |
| Recurring financial charges | 65 | €2,921 | €3,546 | +€625 | +21.4% |
| Profit (loss) for the period before taxes | 9903 | €83,094 | €149,272 | +€66,178 | +79.6% |
| Income taxes | 67/77 | €22,866 | €47,743 | +€24,877 | +109% |
| Profit (loss) for the period | 9904 | €60,228 | €101,529 | +€41,301 | +68.6% |
| Profit (loss) for the period to be appropriated | 9905 | €60,228 | €101,529 | +€41,301 | +68.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.