CARL 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.
CARL PEETERS
Largest movements
- Tangible fixed assets -€5,996
no longer reported in 2025 (was €5,996)
of which Furniture and vehicles: -€5,593
- Receivables within one year +€5,372
up €5,372 (+3.6%), from €147,326 to €152,698
of which Other amounts receivable: +€9,372
- Deferred charges and accrued income -€2,525
down €2,525 (-99.6%), from €2,535 to €10
- Trade debts -€1,835
no longer reported in 2025 (was €1,835)
- Gross operating margin -€7,423
down €7,423, from €2,720 to -€4,703
- Depreciation -€1,704
no longer reported in 2025 (was €1,704)
- Taxes -€932
down €932 (-63.5%), from €1,468 to €535
- Financial income -€872
down €872 (-9.8%), from €8,874 to €8,002
- Other operating charges -€525
down €525 (-63.5%), from €827 to €302
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 | €156,487 | €154,796 | -€1,691 | -1.1% |
| Fixed assets | 21/28 | €5,996 | - | -€5,996 | |
| Tangible fixed assets | 22/27 | €5,996 | - | -€5,996 | |
| Plant, machinery and equipment | 23 | €402 | - | -€402 | |
| Furniture and vehicles | 24 | €5,593 | - | -€5,593 | |
| Current assets | 29/58 | €150,491 | €154,796 | +€4,305 | +2.9% |
| Amounts receivable within one year | 40/41 | €147,326 | €152,698 | +€5,372 | +3.6% |
| Trade receivables | 40 | €4,000 | - | -€4,000 | |
| Other amounts receivable | 41 | €143,326 | €152,698 | +€9,372 | +6.5% |
| Cash at bank and in hand | 54/58 | €630 | €2,089 | +€1,458 | +231% |
| Deferred charges and accrued income | 490/1 | €2,535 | €10 | -€2,525 | -99.6% |
| Total equity and liabilities | 10/49 | €156,487 | €154,796 | -€1,691 | -1.1% |
| Equity | 10/15 | €153,369 | €154,246 | +€878 | +0.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | - | €18,592 | +€18,592 | |
| Issued capital | 100 | - | €18,592 | +€18,592 | |
| Reserves | 13 | €134,777 | €134,777 | = | 0.0% |
| Distributable reserves | 133 | €134,777 | €134,777 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €878 | +€878 | |
| Amounts payable | 17/49 | €3,118 | €550 | -€2,568 | -82.4% |
| Amounts payable within one year | 42/48 | €3,118 | €550 | -€2,568 | -82.4% |
| Trade debts | 44 | €1,835 | - | -€1,835 | |
| Suppliers | 440/4 | €1,835 | - | -€1,835 | |
| Taxes, remuneration and social security | 45 | €1,283 | €550 | -€733 | -57.1% |
| Taxes | 450/3 | €1,283 | €550 | -€733 | -57.1% |
| Non-recurring operating income | 76A | - | €196 | +€196 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,704 | - | -€1,704 | |
| Other operating charges | 640/8 | €827 | €302 | -€525 | -63.5% |
| Non-recurring operating charges | 66A | - | €1,391 | +€1,391 | |
| Gross operating margin | 9900 | €2,720 | -€4,703 | -€7,423 | |
| Operating profit (loss) | 9901 | €189 | -€6,396 | -€6,584 | |
| Financial income | 75/76B | €8,874 | €8,002 | -€872 | -9.8% |
| Recurring financial income | 75 | €8,874 | €8,002 | -€872 | -9.8% |
| Financial charges | 65/66B | €450 | €194 | -€256 | -56.9% |
| Recurring financial charges | 65 | €450 | €194 | -€256 | -56.9% |
| Profit (loss) for the period before taxes | 9903 | €8,613 | €1,413 | -€7,200 | -83.6% |
| Income taxes | 67/77 | €1,468 | €535 | -€932 | -63.5% |
| Profit (loss) for the period | 9904 | €7,145 | €878 | -€6,267 | -87.7% |
| Profit (loss) for the period to be appropriated | 9905 | €7,145 | €878 | -€6,267 | -87.7% |
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 20 October 2026 via checked.be.