DE PEERDEBOS: what changed
Two fiscal 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 PEERDEBOS
Largest movements
- Financial fixed assets -€1.7m
down €1.7m (-25.8%), from €6.8m to €5.0m
- Current investments -€1.4m
down €1.4m (-41.4%), from €3.4m to €2.0m
- Tangible fixed assets +€560,933
up €560,933 (+50.5%), from €1.1m to €1.7m
of which Land and buildings: +€471,006
- Receivables within one year -€320,917
down €320,917 (-54.9%), from €584,654 to €263,736
of which Other amounts receivable: -€408,432
- Receivables after one year +€217,035
up €217,035 (+38.7%), from €561,264 to €778,299
- Reserves -€2.8m
down €2.8m (-25.0%), from €11.1m to €8.3m
of which Distributable reserves: -€2.8m
- Tax, wage and social debts -€294,746
down €294,746 (-92.5%), from €318,740 to €23,994
- Other debts +€250,000
up €250,000 (+89285.7%), from €280 to €250,280
- Financial charges +€290,611
up €290,611 (+371.5%), from €78,236 to €368,847
of which Non-recurring financial charges: +€231,810
- Financial income +€147,756
up €147,756 (+29.3%), from €504,484 to €652,239
of which Financial income: +€147,756
- Depreciation +€79,759
up €79,759 (+145.3%), from €54,893 to €134,652
- Gross operating margin +€37,697
up €37,697, from -€7,072 to €30,626
- Taxes -€8,278
down €8,278 (-21.2%), from €39,028 to €30,750
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.
Cash bridge derived
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 | €13,208,156 | €10,375,491 | -€2.8m | -21.4% |
| Fixed assets | 21/28 | €7,867,045 | €6,681,645 | -€1.2m | -15.1% |
| Tangible fixed assets | 22/27 | €1,110,360 | €1,671,293 | +€560,933 | +50.5% |
| Land and buildings | 22 | €1,056,247 | €1,527,252 | +€471,006 | +44.6% |
| Plant, machinery and equipment | 23 | €3,834 | €4,840 | +€1,006 | +26.2% |
| Furniture and vehicles | 24 | €50,279 | €139,200 | +€88,921 | +176.9% |
| Financial fixed assets | 28 | €6,756,685 | €5,010,352 | -€1.7m | -25.8% |
| Current assets | 29/58 | €5,341,111 | €3,693,846 | -€1.6m | -30.8% |
| Amounts receivable after more than one year | 29 | €561,264 | €778,299 | +€217,035 | +38.7% |
| Other amounts receivable | 291 | €561,264 | €778,299 | +€217,035 | +38.7% |
| Stocks and contracts in progress | 3 | €248,977 | €339,053 | +€90,076 | +36.2% |
| Stocks | 30/36 | €248,977 | €339,053 | +€90,076 | +36.2% |
| Amounts receivable within one year | 40/41 | €584,654 | €263,736 | -€320,917 | -54.9% |
| Trade receivables | 40 | €0 | €87,515 | +€87,515 | |
| Other amounts receivable | 41 | €584,654 | €176,221 | -€408,432 | -69.9% |
| Current investments | 50/53 | €3,382,673 | €1,983,329 | -€1.4m | -41.4% |
| Cash at bank and in hand | 54/58 | €523,062 | €322,783 | -€200,279 | -38.3% |
| Deferred charges and accrued income | 490/1 | €40,482 | €6,646 | -€33,835 | -83.6% |
| Total equity and liabilities | 10/49 | €13,208,156 | €10,375,491 | -€2.8m | -21.4% |
| Equity | 10/15 | €12,464,696 | €9,690,559 | -€2.8m | -22.3% |
| Contributions | 10/11 | €1,360,000 | €1,360,000 | = | 0.0% |
| Reserves | 13 | €11,104,696 | €8,330,559 | -€2.8m | -25.0% |
| Tax-exempt reserves | 132 | €55,094 | €71,255 | +€16,161 | +29.3% |
| Distributable reserves | 133 | €11,049,603 | €8,259,305 | -€2.8m | -25.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €18,317 | €17,454 | -€863 | -4.7% |
| Deferred taxes | 168 | €18,317 | €17,454 | -€863 | -4.7% |
| Amounts payable | 17/49 | €725,143 | €667,478 | -€57,665 | -8.0% |
| Amounts payable after more than one year | 17 | €370,091 | €344,873 | -€25,217 | -6.8% |
| Financial debts | 170/4 | €370,091 | €344,873 | -€25,217 | -6.8% |
| Amounts payable within one year | 42/48 | €347,444 | €321,581 | -€25,863 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €27,008 | €27,306 | +€299 | +1.1% |
| Trade debts | 44 | €1,416 | €20,001 | +€18,584 | +1312.1% |
| Suppliers | 440/4 | €1,416 | €20,001 | +€18,584 | +1312.1% |
| Taxes, remuneration and social security | 45 | €318,740 | €23,994 | -€294,746 | -92.5% |
| Taxes | 450/3 | €318,740 | €23,994 | -€294,746 | -92.5% |
| Other amounts payable | 47/48 | €280 | €250,280 | +€250,000 | +89285.7% |
| Accrued charges and deferred income | 492/3 | €7,608 | €1,023 | -€6,585 | -86.6% |
| Non-recurring operating income | 76A | - | €13,575 | +€13,575 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,893 | €134,652 | +€79,759 | +145.3% |
| Other operating charges | 640/8 | €2,572 | €10,308 | +€7,736 | +300.8% |
| Non-recurring operating charges | 66A | - | €2,663,308 | +€2.7m | |
| Gross operating margin | 9900 | -€7,072 | €30,626 | +€37,697 | |
| Operating profit (loss) | 9901 | -€64,536 | -€2,777,643 | -€2.7m | -4204.0% |
| Financial income | 75/76B | €504,484 | €652,239 | +€147,756 | +29.3% |
| Recurring financial income | 75 | €504,484 | €652,239 | +€147,756 | +29.3% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €78,236 | €368,847 | +€290,611 | +371.5% |
| Recurring financial charges | 65 | €5,236 | €64,037 | +€58,801 | +1123.1% |
| Non-recurring financial charges | 66B | €73,000 | €304,810 | +€231,810 | +317.5% |
| Profit (loss) for the period before taxes | 9903 | €361,711 | -€2,494,250 | -€2.9m | |
| Transfer from deferred taxes | 780 | €863 | €863 | = | 0.0% |
| Income taxes | 67/77 | €39,028 | €30,750 | -€8,278 | -21.2% |
| Profit (loss) for the period | 9904 | €323,546 | -€2,524,137 | -€2.8m | |
| Transfer from tax-exempt reserves | 789 | €2,589 | €2,589 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | - | €18,750 | +€18,750 | |
| Profit (loss) for the period to be appropriated | 9905 | €326,136 | -€2,540,298 | -€2.9m |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.