BUREAU 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.
BUREAU PEETERS
Largest movements
- Tangible fixed assets +€23,074
up €23,074 (+1,406%), from €1,641 to €24,715
of which Furniture and vehicles: +€22,235
- Receivables within one year +€10,091
up €10,091 (+24.5%), from €41,195 to €51,286
of which Trade receivables: +€14,420
- Cash -€9,777
down €9,777 (-31.6%), from €30,909 to €21,132
mainly Investment in fixed assets (net) (-€25,216) and Receivables within one year (-€10,091)
- Deferred charges and accrued income -€1,028
down €1,028 (-42.4%), from €2,426 to €1,398
- Debts after one year +€16,000
new in 2025: €16,000
- Tax, wage and social debts +€4,730
up €4,730 (+18.1%), from €26,082 to €30,812
of which Taxes: +€3,339
- Current portion of long-term debt +€4,000
new in 2025: €4,000
- Other debts -€3,113
down €3,113 (-82.0%), from €3,797 to €684
- Trade debts +€1,410
up €1,410 (+195%), from €724 to €2,134
- Staff costs +€5,619
up €5,619 (+6.6%), from €84,856 to €90,475
- Gross operating margin +€4,465
up €4,465 (+4.9%), from €91,701 to €96,166
- Other operating charges +€2,041
up €2,041 (+189%), from €1,081 to €3,122
- Taxes -€976
down €976 (-49.5%), from €1,973 to €997
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 | €76,711 | €98,531 | +€21,820 | +28.4% |
| Fixed assets | 21/28 | €2,181 | €24,715 | +€22,534 | +1,033% |
| Intangible fixed assets | 21 | €540 | - | -€540 | |
| Tangible fixed assets | 22/27 | €1,641 | €24,715 | +€23,074 | +1,406% |
| Furniture and vehicles | 24 | €1,641 | €23,876 | +€22,235 | +1,355% |
| Other tangible fixed assets | 26 | - | €840 | +€840 | |
| Current assets | 29/58 | €74,530 | €73,816 | -€714 | -1.0% |
| Amounts receivable within one year | 40/41 | €41,195 | €51,286 | +€10,091 | +24.5% |
| Trade receivables | 40 | €35,233 | €49,653 | +€14,420 | +40.9% |
| Other amounts receivable | 41 | €5,962 | €1,633 | -€4,329 | -72.6% |
| Cash at bank and in hand | 54/58 | €30,909 | €21,132 | -€9,777 | -31.6% |
| Deferred charges and accrued income | 490/1 | €2,426 | €1,398 | -€1,028 | -42.4% |
| Total equity and liabilities | 10/49 | €76,711 | €98,531 | +€21,820 | +28.4% |
| Equity | 10/15 | €46,108 | €44,902 | -€1,206 | -2.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,648 | €24,442 | -€1,206 | -4.7% |
| Amounts payable | 17/49 | €30,603 | €53,630 | +€23,027 | +75.2% |
| Amounts payable after more than one year | 17 | - | €16,000 | +€16,000 | |
| Financial debts | 170/4 | - | €16,000 | +€16,000 | |
| Amounts payable within one year | 42/48 | €30,603 | €37,630 | +€7,027 | +23.0% |
| Current portion of amounts payable after more than one year | 42 | - | €4,000 | +€4,000 | |
| Trade debts | 44 | €724 | €2,134 | +€1,410 | +195% |
| Suppliers | 440/4 | €724 | €2,134 | +€1,410 | +195% |
| Taxes, remuneration and social security | 45 | €26,082 | €30,812 | +€4,730 | +18.1% |
| Taxes | 450/3 | €6,277 | €9,616 | +€3,339 | +53.2% |
| Remuneration and social security | 454/9 | €19,805 | €21,196 | +€1,391 | +7.0% |
| Other amounts payable | 47/48 | €3,797 | €684 | -€3,113 | -82.0% |
| Remuneration, social security and pensions | 62 | €84,856 | €90,475 | +€5,619 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,912 | €2,681 | +€769 | +40.2% |
| Other operating charges | 640/8 | €1,081 | €3,122 | +€2,041 | +189% |
| Gross operating margin | 9900 | €91,701 | €96,166 | +€4,465 | +4.9% |
| Operating profit (loss) | 9901 | €3,852 | -€113 | -€3,965 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €105 | €97 | -€8 | -7.8% |
| Recurring financial charges | 65 | €105 | €97 | -€8 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €3,747 | -€210 | -€3,957 | |
| Income taxes | 67/77 | €1,973 | €997 | -€976 | -49.5% |
| Profit (loss) for the period | 9904 | €1,774 | -€1,206 | -€2,980 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,774 | -€1,206 | -€2,980 |
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 24 October 2026 via checked.be.