Fiel Peetermans: 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.
Fiel Peetermans
Largest movements
- Tangible fixed assets +€22,909
up €22,909 (+20.0%), from €114,271 to €137,181
of which Leasing and similar rights: +€25,029
- Cash +€16,078
up €16,078 (+47.9%), from €33,545 to €49,623
mainly Other debts (+€25,913) and Net result for the year (+€21,054)
- Receivables within one year -€4,137
down €4,137 (-24.3%), from €17,048 to €12,911
of which Trade receivables: -€6,312
- Deferred charges and accrued income +€3,447
up €3,447 (+306%), from €1,125 to €4,572
- Other debts +€25,913
up €25,913 (+44.5%), from €58,200 to €84,113
- Debts after one year +€10,507
up €10,507 (+16.6%), from €63,169 to €73,676
- Profit (loss) carried forward -€7,009
down €7,009 (-25.0%), from €28,063 to €21,054
- Current portion of long-term debt +€5,320
up €5,320 (+56.9%), from €9,350 to €14,670
- Depreciation +€6,354
up €6,354 (+198%), from €3,202 to €9,556
- Taxes -€4,736
down €4,736 (-44.8%), from €10,562 to €5,826
- Financial charges +€2,909
up €2,909 (+97.1%), from €2,997 to €5,906
- Other operating charges +€1,178
up €1,178 (+154%), from €765 to €1,943
- Gross operating margin -€933
down €933 (-2.1%), from €45,218 to €44,285
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
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 | €165,990 | €204,287 | +€38,297 | +23.1% |
| Fixed assets | 21/28 | €114,271 | €137,181 | +€22,909 | +20.0% |
| Tangible fixed assets | 22/27 | €114,271 | €137,181 | +€22,909 | +20.0% |
| Land and buildings | 22 | €100,000 | €100,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €10,412 | €9,010 | -€1,401 | -13.5% |
| Furniture and vehicles | 24 | €532 | €232 | -€300 | -56.4% |
| Leasing and similar rights | 25 | - | €25,029 | +€25,029 | |
| Other tangible fixed assets | 26 | €3,328 | €2,909 | -€419 | -12.6% |
| Current assets | 29/58 | €51,719 | €67,106 | +€15,387 | +29.8% |
| Amounts receivable within one year | 40/41 | €17,048 | €12,911 | -€4,137 | -24.3% |
| Trade receivables | 40 | €17,048 | €10,737 | -€6,312 | -37.0% |
| Other amounts receivable | 41 | €0 | €2,174 | +€2,174 | |
| Cash at bank and in hand | 54/58 | €33,545 | €49,623 | +€16,078 | +47.9% |
| Deferred charges and accrued income | 490/1 | €1,125 | €4,572 | +€3,447 | +306% |
| Total equity and liabilities | 10/49 | €165,990 | €204,287 | +€38,297 | +23.1% |
| Equity | 10/15 | €31,063 | €24,054 | -€7,009 | -22.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,063 | €21,054 | -€7,009 | -25.0% |
| Amounts payable | 17/49 | €134,927 | €180,233 | +€45,306 | +33.6% |
| Amounts payable after more than one year | 17 | €63,169 | €73,676 | +€10,507 | +16.6% |
| Financial debts | 170/4 | €63,169 | €73,676 | +€10,507 | +16.6% |
| Amounts payable within one year | 42/48 | €71,599 | €104,363 | +€32,764 | +45.8% |
| Current portion of amounts payable after more than one year | 42 | €9,350 | €14,670 | +€5,320 | +56.9% |
| Trade debts | 44 | €1,487 | €1,370 | -€117 | -7.8% |
| Suppliers | 440/4 | €1,487 | €1,370 | -€117 | -7.8% |
| Taxes, remuneration and social security | 45 | €2,562 | €4,209 | +€1,648 | +64.3% |
| Taxes | 450/3 | €2,562 | €4,209 | +€1,648 | +64.3% |
| Other amounts payable | 47/48 | €58,200 | €84,113 | +€25,913 | +44.5% |
| Accrued charges and deferred income | 492/3 | €160 | €2,194 | +€2,034 | +1,275% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,202 | €9,556 | +€6,354 | +198% |
| Other operating charges | 640/8 | €765 | €1,943 | +€1,178 | +154% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €45,218 | €44,285 | -€933 | -2.1% |
| Operating profit (loss) | 9901 | €41,251 | €32,786 | -€8,465 | -20.5% |
| Financial income | 75/76B | €371 | €0 | -€371 | -100% |
| Recurring financial income | 75 | €371 | €0 | -€371 | -100% |
| Financial charges | 65/66B | €2,997 | €5,906 | +€2,909 | +97.1% |
| Recurring financial charges | 65 | €2,997 | €5,906 | +€2,909 | +97.1% |
| Profit (loss) for the period before taxes | 9903 | €38,625 | €26,880 | -€11,745 | -30.4% |
| Income taxes | 67/77 | €10,562 | €5,826 | -€4,736 | -44.8% |
| Profit (loss) for the period | 9904 | €28,063 | €21,054 | -€7,009 | -25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €28,063 | €21,054 | -€7,009 | -25.0% |
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 19 October 2026 via checked.be.