GAEL PELTZER: 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.
GAEL PELTZER
Largest movements
- Receivables within one year +€3,994
up €3,994 (+60.5%), from €6,603 to €10,596
of which Other amounts receivable: +€2,484
- Cash -€988
down €988 (-92.4%), from €1,070 to €81
mainly Net result for the year (-€9,433) and Receivables within one year (-€3,994)
- Profit (loss) carried forward -€9,433
down €9,433 (-0.7%), from -€1.3m to -€1.3m
- Other debts +€8,879
up €8,879 (+0.9%), from €1.0m to €1.0m
- Trade debts +€2,484
up €2,484 (+12.1%), from €20,548 to €23,032
- Short-term financial debts +€754
new in 2025: €754
- Accrued charges and deferred income +€224
up €224 (+45.4%), from €492 to €716
- Provisions -€255,233
no longer reported in 2025 (was €255,233)
- Financial income -€249,445
no longer reported in 2025 (was €249,445)
of which Financial income: -€249,445
- Financial charges +€73,846
up €73,846, from -€73,268 to €577
- Gross operating margin -€33,718
down €33,718, from €25,249 to -€8,469
- Other operating charges -€476
down €476 (-55.1%), from €864 to €387
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 | €8,519 | €11,427 | +€2,907 | +34.1% |
| Current assets | 29/58 | €8,519 | €11,427 | +€2,907 | +34.1% |
| Stocks and contracts in progress | 3 | €847 | €749 | -€98 | -11.6% |
| Stocks | 30/36 | €847 | €749 | -€98 | -11.6% |
| Amounts receivable within one year | 40/41 | €6,603 | €10,596 | +€3,994 | +60.5% |
| Trade receivables | 40 | €3,748 | €5,258 | +€1,510 | +40.3% |
| Other amounts receivable | 41 | €2,855 | €5,338 | +€2,484 | +87.0% |
| Cash at bank and in hand | 54/58 | €1,070 | €81 | -€988 | -92.4% |
| Total equity and liabilities | 10/49 | €8,519 | €11,427 | +€2,907 | +34.1% |
| Equity | 10/15 | -€1,295,337 | -€1,304,770 | -€9,433 | -0.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,316,437 | -€1,325,870 | -€9,433 | -0.7% |
| Provisions and deferred taxes | 16 | €255,233 | €255,233 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €255,233 | €255,233 | = | 0.0% |
| Other liabilities and charges | 164/5 | €255,233 | €255,233 | = | 0.0% |
| Amounts payable | 17/49 | €1,048,624 | €1,060,964 | +€12,340 | +1.2% |
| Amounts payable after more than one year | 17 | €4,550 | €4,550 | = | 0.0% |
| Financial debts | 170/4 | €4,550 | €4,550 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,043,581 | €1,055,698 | +€12,117 | +1.2% |
| Financial debts | 43 | - | €754 | +€754 | |
| Credit institutions | 430/8 | - | €754 | +€754 | |
| Trade debts | 44 | €20,548 | €23,032 | +€2,484 | +12.1% |
| Suppliers | 440/4 | €20,548 | €23,032 | +€2,484 | +12.1% |
| Other amounts payable | 47/48 | €1,023,033 | €1,031,912 | +€8,879 | +0.9% |
| Accrued charges and deferred income | 492/3 | €492 | €716 | +€224 | +45.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €255,233 | - | -€255,233 | |
| Other operating charges | 640/8 | €864 | €387 | -€476 | -55.1% |
| Non-recurring operating charges | 66A | €74,000 | - | -€74,000 | |
| Gross operating margin | 9900 | €25,249 | -€8,469 | -€33,718 | |
| Operating profit (loss) | 9901 | -€304,847 | -€8,856 | +€295,991 | +97.1% |
| Financial income | 75/76B | €249,445 | - | -€249,445 | |
| Recurring financial income | 75 | €249,445 | - | -€249,445 | |
| Non-recurring financial income | 76B | €249,445 | - | -€249,445 | |
| Financial charges | 65/66B | -€73,268 | €577 | +€73,846 | |
| Recurring financial charges | 65 | -€73,268 | €577 | +€73,846 | |
| Profit (loss) for the period before taxes | 9903 | €17,866 | -€9,433 | -€27,299 | |
| Profit (loss) for the period | 9904 | €17,866 | -€9,433 | -€27,299 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,866 | -€9,433 | -€27,299 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.