GEERT PEPERMANS: 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.
GEERT PEPERMANS
Largest movements
- Current investments -€18,094
down €18,094 (-90.0%), from €20,112 to €2,018
- Other debts -€15,983
down €15,983 (-46.0%), from €34,713 to €18,730
- Profit (loss) carried forward -€1,774
down €1,774 (-4.4%), from -€39,947 to -€41,721
- Accrued charges and deferred income -€266
no longer reported in 2026 (was €266)
- Gross operating margin -€1,238
down €1,238, from €139 to -€1,100
- Financial income -€307
down €307 (-77.0%), from €398 to €92
- Financial charges +€18
up €18 (+8.7%), from €204 to €222
- Other operating charges +€16
up €16 (+3.0%), from €528 to €544
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,532 | €4,550 | -€17,982 | -79.8% |
| Current assets | 29/58 | €22,532 | €4,550 | -€17,982 | -79.8% |
| Amounts receivable within one year | 40/41 | €119 | €27 | -€92 | -77.1% |
| Other amounts receivable | 41 | €119 | €27 | -€92 | -77.1% |
| Current investments | 50/53 | €20,112 | €2,018 | -€18,094 | -90.0% |
| Cash at bank and in hand | 54/58 | €2,300 | €2,505 | +€205 | +8.9% |
| Total equity and liabilities | 10/49 | €22,532 | €4,550 | -€17,982 | -79.8% |
| Equity | 10/15 | -€12,447 | -€14,221 | -€1,774 | -14.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 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 | -€39,947 | -€41,721 | -€1,774 | -4.4% |
| Amounts payable | 17/49 | €34,979 | €18,771 | -€16,208 | -46.3% |
| Amounts payable within one year | 42/48 | €34,713 | €18,771 | -€15,942 | -45.9% |
| Trade debts | 44 | - | €42 | +€42 | |
| Suppliers | 440/4 | - | €42 | +€42 | |
| Other amounts payable | 47/48 | €34,713 | €18,730 | -€15,983 | -46.0% |
| Accrued charges and deferred income | 492/3 | €266 | - | -€266 | |
| Non-recurring operating income | 76A | €1,000 | - | -€1,000 | |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €139 | -€1,100 | -€1,238 | |
| Operating profit (loss) | 9901 | -€389 | -€1,644 | -€1,254 | -322% |
| Financial income | 75/76B | €398 | €92 | -€307 | -77.0% |
| Recurring financial income | 75 | €398 | €92 | -€307 | -77.0% |
| Financial charges | 65/66B | €204 | €222 | +€18 | +8.7% |
| Recurring financial charges | 65 | €204 | €222 | +€18 | +8.7% |
| Profit (loss) for the period before taxes | 9903 | -€195 | -€1,774 | -€1,579 | -809% |
| Profit (loss) for the period | 9904 | -€195 | -€1,774 | -€1,579 | -809% |
| Profit (loss) for the period to be appropriated | 9905 | -€195 | -€1,774 | -€1,579 | -809% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.