Dirk Van Peteghem: what changed
Dirk Van Peteghem
Largest movements
- Receivables within one year -€45,536
down €45,536 (-35.3%), from €128,962 to €83,427
of which Trade receivables: -€51,123
- Deferred charges and accrued income +€5,148
up €5,148 (+412%), from €1,249 to €6,398
- Cash -€4,676
down €4,676 (-3.4%), from €136,738 to €132,062
mainly Contributions, distributions and other (-€92,256) and Investment in fixed assets (net) (-€26,769)
- Tangible fixed assets +€4,186
up €4,186 (+10.9%), from €38,324 to €42,509
of which Furniture and vehicles: +€4,117
- Reserves -€35,884
down €35,884 (-13.7%), from €262,237 to €226,353
- Trade debts +€16,640
up €16,640 (+259%), from €6,434 to €23,074
- Tax, wage and social debts -€14,828
down €14,828 (-63.2%), from €23,472 to €8,645
of which Taxes: -€14,686
- Other debts -€7,747
down €7,747 (-100%), from €7,747 to €0
- Gross operating margin -€30,579
down €30,579 (-20.2%), from €151,489 to €120,909
- Taxes -€10,172
down €10,172 (-31.7%), from €32,076 to €21,904
- Depreciation +€2,784
up €2,784 (+14.1%), from €19,799 to €22,583
- Staff costs +€2,711
up €2,711 (+16.5%), from €16,391 to €19,102
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €310,530 | €268,870 | -€41,660 | -13.4% |
| Fixed assets | 21/28 | €38,581 | €42,766 | +€4,186 | +10.8% |
| Tangible fixed assets | 22/27 | €38,324 | €42,509 | +€4,186 | +10.9% |
| Plant, machinery and equipment | 23 | €34,198 | €34,266 | +€68 | +0.2% |
| Furniture and vehicles | 24 | €4,126 | €8,243 | +€4,117 | +99.8% |
| Financial fixed assets | 28 | €257 | €257 | = | 0.0% |
| Current assets | 29/58 | €271,949 | €226,104 | -€45,846 | -16.9% |
| Stocks and contracts in progress | 3 | €5,000 | €4,218 | -€782 | -15.6% |
| Stocks | 30/36 | €5,000 | €4,218 | -€782 | -15.6% |
| Amounts receivable within one year | 40/41 | €128,962 | €83,427 | -€45,536 | -35.3% |
| Trade receivables | 40 | €112,252 | €61,129 | -€51,123 | -45.5% |
| Other amounts receivable | 41 | €16,710 | €22,297 | +€5,587 | +33.4% |
| Cash at bank and in hand | 54/58 | €136,738 | €132,062 | -€4,676 | -3.4% |
| Deferred charges and accrued income | 490/1 | €1,249 | €6,398 | +€5,148 | +412% |
| Total equity and liabilities | 10/49 | €310,530 | €268,870 | -€41,660 | -13.4% |
| Equity | 10/15 | €272,237 | €236,353 | -€35,884 | -13.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €262,237 | €226,353 | -€35,884 | -13.7% |
| Distributable reserves | 133 | €262,237 | €226,353 | -€35,884 | -13.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €38,293 | €32,517 | -€5,776 | -15.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €37,653 | €31,719 | -€5,934 | -15.8% |
| Trade debts | 44 | €6,434 | €23,074 | +€16,640 | +259% |
| Suppliers | 440/4 | €6,434 | €23,074 | +€16,640 | +259% |
| Taxes, remuneration and social security | 45 | €23,472 | €8,645 | -€14,828 | -63.2% |
| Taxes | 450/3 | €20,700 | €6,014 | -€14,686 | -70.9% |
| Remuneration and social security | 454/9 | €2,773 | €2,631 | -€141 | -5.1% |
| Other amounts payable | 47/48 | €7,747 | €0 | -€7,747 | -100% |
| Accrued charges and deferred income | 492/3 | €640 | €798 | +€158 | +24.7% |
| Remuneration, social security and pensions | 62 | €16,391 | €19,102 | +€2,711 | +16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,799 | €22,583 | +€2,784 | +14.1% |
| Other operating charges | 640/8 | €1,218 | €931 | -€287 | -23.5% |
| Gross operating margin | 9900 | €151,489 | €120,909 | -€30,579 | -20.2% |
| Operating profit (loss) | 9901 | €114,081 | €78,293 | -€35,788 | -31.4% |
| Financial income | 75/76B | €196 | €164 | -€32 | -16.4% |
| Recurring financial income | 75 | €196 | €164 | -€32 | -16.4% |
| Financial charges | 65/66B | €500 | €182 | -€318 | -63.6% |
| Recurring financial charges | 65 | €500 | €182 | -€318 | -63.6% |
| Profit (loss) for the period before taxes | 9903 | €113,778 | €78,276 | -€35,502 | -31.2% |
| Income taxes | 67/77 | €32,076 | €21,904 | -€10,172 | -31.7% |
| Profit (loss) for the period | 9904 | €81,702 | €56,372 | -€25,330 | -31.0% |
| Profit (loss) for the period to be appropriated | 9905 | €81,702 | €56,372 | -€25,330 | -31.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.