ELECTRO PEETERS: 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.
ELECTRO PEETERS
Largest movements
- Tangible fixed assets +€25,111
up €25,111 (+16.2%), from €154,905 to €180,016
of which Furniture and vehicles: +€36,745
- Receivables within one year -€23,527
down €23,527 (-73.1%), from €32,201 to €8,674
of which Trade receivables: -€22,390
- Cash +€17,038
up €17,038 (+19.9%), from €85,806 to €102,844
mainly Net result for the year (+€36,626) and Receivables within one year (+€23,527)
- Stocks and contracts -€9,528
down €9,528 (-10.2%), from €93,620 to €84,092
- Reserves +€24,126
up €24,126 (+7.6%), from €318,178 to €342,304
of which Distributable reserves: +€16,497
- Current portion of long-term debt -€11,260
no longer reported in 2024 (was €11,260)
- Trade debts -€4,670
down €4,670 (-49.5%), from €9,440 to €4,771
- Depreciation -€6,422
down €6,422 (-23.3%), from €27,561 to €21,139
- Gross operating margin +€5,261
up €5,261 (+7.8%), from €67,359 to €72,620
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €376,749 | €388,842 | +€12,093 | +3.2% |
| Fixed assets | 21/28 | €163,024 | €188,135 | +€25,111 | +15.4% |
| Tangible fixed assets | 22/27 | €154,905 | €180,016 | +€25,111 | +16.2% |
| Land and buildings | 22 | €152,712 | €141,547 | -€11,165 | -7.3% |
| Plant, machinery and equipment | 23 | €663 | €194 | -€469 | -70.7% |
| Furniture and vehicles | 24 | €1,530 | €38,275 | +€36,745 | +2401.5% |
| Financial fixed assets | 28 | €8,120 | €8,120 | = | 0.0% |
| Current assets | 29/58 | €213,725 | €200,707 | -€13,018 | -6.1% |
| Stocks and contracts in progress | 3 | €93,620 | €84,092 | -€9,528 | -10.2% |
| Stocks | 30/36 | €93,620 | €84,092 | -€9,528 | -10.2% |
| Amounts receivable within one year | 40/41 | €32,201 | €8,674 | -€23,527 | -73.1% |
| Trade receivables | 40 | €31,064 | €8,674 | -€22,390 | -72.1% |
| Other amounts receivable | 41 | €1,138 | - | -€1,138 | |
| Cash at bank and in hand | 54/58 | €85,806 | €102,844 | +€17,038 | +19.9% |
| Deferred charges and accrued income | 490/1 | €2,098 | €5,097 | +€3,000 | +143.0% |
| Total equity and liabilities | 10/49 | €376,749 | €388,842 | +€12,093 | +3.2% |
| Equity | 10/15 | €336,778 | €360,904 | +€24,126 | +7.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €318,178 | €342,304 | +€24,126 | +7.6% |
| Tax-exempt reserves | 132 | €248 | €7,877 | +€7,629 | +3076.9% |
| Distributable reserves | 133 | €317,930 | €334,427 | +€16,497 | +5.2% |
| Provisions and deferred taxes | 16 | €83 | €1,980 | +€1,897 | +2293.1% |
| Deferred taxes | 168 | €83 | €1,980 | +€1,897 | +2293.1% |
| Amounts payable | 17/49 | €39,888 | €25,958 | -€13,930 | -34.9% |
| Amounts payable after more than one year | 17 | €1,780 | - | -€1,780 | |
| Other amounts payable | 178/9 | €1,780 | - | -€1,780 | |
| Amounts payable within one year | 42/48 | €37,458 | €25,954 | -€11,504 | -30.7% |
| Current portion of amounts payable after more than one year | 42 | €11,260 | - | -€11,260 | |
| Financial debts | 43 | €1,380 | €1,382 | +€2 | +0.2% |
| Other loans | 439 | €1,380 | €1,382 | +€2 | +0.2% |
| Trade debts | 44 | €9,440 | €4,771 | -€4,670 | -49.5% |
| Suppliers | 440/4 | €9,440 | €4,771 | -€4,670 | -49.5% |
| Taxes, remuneration and social security | 45 | €8,429 | €12,147 | +€3,718 | +44.1% |
| Taxes | 450/3 | €8,429 | €12,147 | +€3,718 | +44.1% |
| Other amounts payable | 47/48 | €6,949 | €7,656 | +€706 | +10.2% |
| Accrued charges and deferred income | 492/3 | €650 | €4 | -€646 | -99.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,561 | €21,139 | -€6,422 | -23.3% |
| Other operating charges | 640/8 | €2,338 | €2,805 | +€467 | +20.0% |
| Gross operating margin | 9900 | €67,359 | €72,620 | +€5,261 | +7.8% |
| Operating profit (loss) | 9901 | €37,460 | €48,676 | +€11,216 | +29.9% |
| Financial income | 75/76B | €5,932 | €5,702 | -€230 | -3.9% |
| Recurring financial income | 75 | €5,932 | €5,702 | -€230 | -3.9% |
| Financial charges | 65/66B | €2,321 | €1,889 | -€432 | -18.6% |
| Recurring financial charges | 65 | €2,321 | €1,889 | -€432 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €41,071 | €52,488 | +€11,417 | +27.8% |
| Transfer from deferred taxes | 780 | €41 | €503 | +€462 | +1117.8% |
| Transfer to deferred taxes | 680 | - | €2,400 | +€2,400 | |
| Income taxes | 67/77 | €14,229 | €13,965 | -€265 | -1.9% |
| Profit (loss) for the period | 9904 | €26,883 | €36,626 | +€9,743 | +36.2% |
| Transfer from tax-exempt reserves | 789 | €124 | €1,971 | +€1,847 | +1489.4% |
| Transfer to tax-exempt reserves | 689 | - | €9,600 | +€9,600 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,007 | €28,997 | +€1,990 | +7.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.