DE PETERMAN: 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 PETERMAN
Largest movements
- Cash +€238,105
up €238,105 (+91.3%), from €260,929 to €499,034
- Current investments -€200,000
no longer reported in 2025 (was €200,000)
- Reserves -€68,542
down €68,542 (-8.9%), from €774,016 to €705,473
of which Tax-exempt reserves: -€68,542
- Profit (loss) carried forward +€67,281
up €67,281 (+11.1%), from €603,576 to €670,857
- Purchases and services +€66,395
new in 2025: €66,395
- Taxes +€12,139
up €12,139 (+136.6%), from €8,889 to €21,028
- Gross operating margin +€9,789
up €9,789 (+10.8%), from €90,746 to €100,535
- Other operating charges -€7,255
down €7,255 (-33.9%), from €21,381 to €14,125
- Financial income +€4,593
up €4,593 (+871.6%), from €527 to €5,119
of which Non-recurring financial income: +€5,119
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,482,823 | €2,490,911 | +€8,088 | +0.3% |
| Formation expenses | 20 | €718 | €0 | -€718 | -100.0% |
| Fixed assets | 21/28 | €2,005,313 | €1,986,275 | -€19,038 | -0.9% |
| Tangible fixed assets | 22/27 | €2,005,313 | €1,986,275 | -€19,038 | -0.9% |
| Land and buildings | 22 | €1,999,391 | €1,849,091 | -€150,300 | -7.5% |
| Plant, machinery and equipment | 23 | €5,400 | €1,971 | -€3,429 | -63.5% |
| Furniture and vehicles | 24 | €522 | €0 | -€522 | -100.0% |
| Other tangible fixed assets | 26 | - | €135,214 | +€135,214 | |
| Current assets | 29/58 | €476,792 | €504,636 | +€27,844 | +5.8% |
| Amounts receivable within one year | 40/41 | €12,712 | €2,000 | -€10,711 | -84.3% |
| Trade receivables | 40 | - | €12 | +€12 | |
| Other amounts receivable | 41 | €12,712 | €1,988 | -€10,724 | -84.4% |
| Current investments | 50/53 | €200,000 | - | -€200,000 | |
| Cash at bank and in hand | 54/58 | €260,929 | €499,034 | +€238,105 | +91.3% |
| Deferred charges and accrued income | 490/1 | €3,151 | €3,601 | +€451 | +14.3% |
| Total equity and liabilities | 10/49 | €2,482,823 | €2,490,911 | +€8,088 | +0.3% |
| Equity | 10/15 | €2,266,354 | €2,265,093 | -€1,261 | -0.1% |
| Contributions | 10/11 | €888,763 | €888,763 | = | 0.0% |
| Capital | 10 | €888,763 | €888,763 | = | 0.0% |
| Issued capital | 100 | €888,763 | €888,763 | = | 0.0% |
| Reserves | 13 | €774,016 | €705,473 | -€68,542 | -8.9% |
| Non-distributable reserves | 130/1 | €88,876 | €88,876 | = | 0.0% |
| Legal reserve | 130 | €88,876 | €88,876 | = | 0.0% |
| Tax-exempt reserves | 132 | €685,140 | €616,597 | -€68,542 | -10.0% |
| Profit (loss) carried forward | 14 | €603,576 | €670,857 | +€67,281 | +11.1% |
| Provisions and deferred taxes | 16 | €192,056 | €174,317 | -€17,739 | -9.2% |
| Deferred taxes | 168 | €192,056 | €174,317 | -€17,739 | -9.2% |
| Amounts payable | 17/49 | €24,413 | €51,501 | +€27,088 | +111.0% |
| Amounts payable within one year | 42/48 | €24,413 | €51,501 | +€27,088 | +111.0% |
| Trade debts | 44 | €566 | €17,619 | +€17,053 | +3014.9% |
| Suppliers | 440/4 | €566 | €17,619 | +€17,053 | +3014.9% |
| Other amounts payable | 47/48 | €23,847 | €33,883 | +€10,035 | +42.1% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €66,395 | +€66,395 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,485 | €81,727 | +€4,242 | +5.5% |
| Other operating charges | 640/8 | €21,381 | €14,125 | -€7,255 | -33.9% |
| Gross operating margin | 9900 | €90,746 | €100,535 | +€9,789 | +10.8% |
| Operating profit (loss) | 9901 | -€8,120 | €4,683 | +€12,802 | |
| Financial income | 75/76B | €527 | €5,119 | +€4,593 | +871.6% |
| Recurring financial income | 75 | €527 | €5,119 | +€4,593 | +871.6% |
| Non-recurring financial income | 76B | - | €5,119 | +€5,119 | |
| Financial charges | 65/66B | €58 | €63 | +€5 | +8.2% |
| Recurring financial charges | 65 | €58 | €63 | +€5 | +8.2% |
| Non-recurring financial charges | 66B | - | €63 | +€63 | |
| Profit (loss) for the period before taxes | 9903 | -€7,651 | €9,739 | +€17,390 | |
| Transfer from deferred taxes | 780 | €8,870 | €8,870 | = | 0.0% |
| Income taxes | 67/77 | €8,889 | €21,028 | +€12,139 | +136.6% |
| Profit (loss) for the period | 9904 | -€7,670 | -€2,419 | +€5,251 | +68.5% |
| Transfer from tax-exempt reserves | 789 | €34,271 | €34,271 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,601 | €31,852 | +€5,251 | +19.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2023 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.