De Munck Peter: 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.
De Munck Peter
Largest movements
- Tangible fixed assets +€25,496
up €25,496 (+25.8%), from €98,724 to €124,220
of which Furniture and vehicles: +€29,422
- Receivables within one year +€4,513
up €4,513 (+23.3%), from €19,377 to €23,890
of which Trade receivables: +€6,917
- Debts after one year +€17,340
up €17,340 (+37.3%), from €46,462 to €63,801
- Other debts +€16,135
up €16,135 (+538%), from €2,997 to €19,132
- Profit (loss) carried forward -€11,009
down €11,009, from €0 to -€11,009
- Current portion of long-term debt +€7,375
up €7,375 (+38.7%), from €19,059 to €26,434
- Trade debts +€3,519
up €3,519 (+24.8%), from €14,171 to €17,690
- Gross operating margin -€30,747
down €30,747 (-56.4%), from €54,499 to €23,752
- Taxes -€6,466
down €6,466 (-100%), from €6,466 to €0
- Depreciation +€1,541
up €1,541 (+5.7%), from €27,006 to €28,547
- Other operating charges -€878
down €878 (-49.6%), from €1,769 to €891
- Financial charges +€750
up €750 (+16.4%), from €4,575 to €5,325
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €126,079 | €157,690 | +€31,612 | +25.1% |
| Fixed assets | 21/28 | €100,524 | €126,020 | +€25,496 | +25.4% |
| Tangible fixed assets | 22/27 | €98,724 | €124,220 | +€25,496 | +25.8% |
| Plant, machinery and equipment | 23 | €26,535 | €22,949 | -€3,586 | -13.5% |
| Furniture and vehicles | 24 | €71,849 | €101,271 | +€29,422 | +41.0% |
| Leasing and similar rights | 25 | €340 | €0 | -€340 | -100% |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €25,555 | €31,671 | +€6,116 | +23.9% |
| Stocks and contracts in progress | 3 | €4,500 | €6,000 | +€1,500 | +33.3% |
| Stocks | 30/36 | €4,500 | €6,000 | +€1,500 | +33.3% |
| Amounts receivable within one year | 40/41 | €19,377 | €23,890 | +€4,513 | +23.3% |
| Trade receivables | 40 | €16,911 | €23,828 | +€6,917 | +40.9% |
| Other amounts receivable | 41 | €2,466 | €62 | -€2,404 | -97.5% |
| Deferred charges and accrued income | 490/1 | €1,678 | €1,781 | +€103 | +6.1% |
| Total equity and liabilities | 10/49 | €126,079 | €157,690 | +€31,612 | +25.1% |
| Equity | 10/15 | €36,236 | €25,227 | -€11,009 | -30.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €31,236 | €31,236 | = | 0.0% |
| Distributable reserves | 133 | €31,236 | €31,236 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€11,009 | -€11,009 | |
| Amounts payable | 17/49 | €89,843 | €132,463 | +€42,620 | +47.4% |
| Amounts payable after more than one year | 17 | €46,462 | €63,801 | +€17,340 | +37.3% |
| Financial debts | 170/4 | €46,462 | €63,801 | +€17,340 | +37.3% |
| Amounts payable within one year | 42/48 | €43,381 | €68,662 | +€25,281 | +58.3% |
| Current portion of amounts payable after more than one year | 42 | €19,059 | €26,434 | +€7,375 | +38.7% |
| Financial debts | 43 | €4,452 | €2,602 | -€1,849 | -41.5% |
| Credit institutions | 430/8 | €4,452 | €2,602 | -€1,849 | -41.5% |
| Trade debts | 44 | €14,171 | €17,690 | +€3,519 | +24.8% |
| Suppliers | 440/4 | €14,171 | €17,690 | +€3,519 | +24.8% |
| Taxes, remuneration and social security | 45 | €2,702 | €2,804 | +€101 | +3.8% |
| Taxes | 450/3 | €2,702 | €2,804 | +€101 | +3.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €2,997 | €19,132 | +€16,135 | +538% |
| Non-recurring operating income | 76A | €30,995 | €19,082 | -€11,914 | -38.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,006 | €28,547 | +€1,541 | +5.7% |
| Other operating charges | 640/8 | €1,769 | €891 | -€878 | -49.6% |
| Gross operating margin | 9900 | €54,499 | €23,752 | -€30,747 | -56.4% |
| Operating profit (loss) | 9901 | €25,724 | -€5,686 | -€31,410 | |
| Financial income | 75/76B | €0 | €2 | +€2 | +21,700% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +21,700% |
| Financial charges | 65/66B | €4,575 | €5,325 | +€750 | +16.4% |
| Recurring financial charges | 65 | €4,575 | €5,325 | +€750 | +16.4% |
| Profit (loss) for the period before taxes | 9903 | €21,149 | -€11,009 | -€32,158 | |
| Income taxes | 67/77 | €6,466 | €0 | -€6,466 | -100% |
| Profit (loss) for the period | 9904 | €14,683 | -€11,009 | -€25,692 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,683 | -€11,009 | -€25,692 |
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 14 October 2026 via checked.be.