GLASHANDEL PEETERS: 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.
GLASHANDEL PEETERS
Largest movements
- Receivables within one year +€10,049
up €10,049 (+27.1%), from €37,119 to €47,168
of which Other amounts receivable: +€5,932
- Tangible fixed assets -€6,145
no longer reported in 2025 (was €6,145)
of which Furniture and vehicles: -€3,386
- Cash +€3,535
up €3,535 (+27.2%), from €12,996 to €16,532
mainly Depreciation (+€6,145) and Net result for the year (+€5,275)
- Profit (loss) carried forward +€5,275
up €5,275 (+36.9%), from €14,278 to €19,553
- Trade debts +€1,733
up €1,733 (+90.5%), from €1,916 to €3,648
- Gross operating margin +€19,828
up €19,828 (+111%), from €17,812 to €37,640
- Staff costs -€7,668
down €7,668 (-22.4%), from €34,285 to €26,616
- Taxes +€842
new in 2025: €842
- Other operating charges -€597
down €597 (-37.6%), from €1,588 to €991
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 | €57,977 | €65,055 | +€7,078 | +12.2% |
| Fixed assets | 21/28 | €6,145 | - | -€6,145 | |
| Tangible fixed assets | 22/27 | €6,145 | - | -€6,145 | |
| Plant, machinery and equipment | 23 | €2,759 | - | -€2,759 | |
| Furniture and vehicles | 24 | €3,386 | - | -€3,386 | |
| Current assets | 29/58 | €51,832 | €65,055 | +€13,224 | +25.5% |
| Stocks and contracts in progress | 3 | €1,716 | €1,356 | -€361 | -21.0% |
| Stocks | 30/36 | €1,716 | €1,356 | -€361 | -21.0% |
| Amounts receivable within one year | 40/41 | €37,119 | €47,168 | +€10,049 | +27.1% |
| Trade receivables | 40 | €5,693 | €9,811 | +€4,118 | +72.3% |
| Other amounts receivable | 41 | €31,426 | €37,357 | +€5,932 | +18.9% |
| Cash at bank and in hand | 54/58 | €12,996 | €16,532 | +€3,535 | +27.2% |
| Total equity and liabilities | 10/49 | €57,977 | €65,055 | +€7,078 | +12.2% |
| Equity | 10/15 | €52,416 | €57,691 | +€5,275 | +10.1% |
| Contributions | 10/11 | €12,397 | €12,397 | = | 0.0% |
| Reserves | 13 | €25,741 | €25,741 | = | 0.0% |
| Distributable reserves | 133 | €25,741 | €25,741 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,278 | €19,553 | +€5,275 | +36.9% |
| Amounts payable | 17/49 | €5,561 | €7,364 | +€1,803 | +32.4% |
| Amounts payable within one year | 42/48 | €5,561 | €7,364 | +€1,803 | +32.4% |
| Trade debts | 44 | €1,916 | €3,648 | +€1,733 | +90.5% |
| Suppliers | 440/4 | €1,916 | €3,648 | +€1,733 | +90.5% |
| Taxes, remuneration and social security | 45 | €3,645 | €3,715 | +€71 | +1.9% |
| Taxes | 450/3 | €280 | €230 | -€50 | -17.9% |
| Remuneration and social security | 454/9 | €3,365 | €3,486 | +€120 | +3.6% |
| Non-recurring operating income | 76A | €4,506 | €20,661 | +€16,155 | +359% |
| Remuneration, social security and pensions | 62 | €34,285 | €26,616 | -€7,668 | -22.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,950 | €6,145 | +€195 | +3.3% |
| Other operating charges | 640/8 | €1,588 | €991 | -€597 | -37.6% |
| Gross operating margin | 9900 | €17,812 | €37,640 | +€19,828 | +111% |
| Operating profit (loss) | 9901 | -€24,011 | €3,888 | +€27,899 | |
| Financial income | 75/76B | €1,954 | €2,278 | +€324 | +16.6% |
| Recurring financial income | 75 | €1,954 | €2,278 | +€324 | +16.6% |
| Financial charges | 65/66B | €58 | €48 | -€9 | -16.3% |
| Recurring financial charges | 65 | €58 | €48 | -€9 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | -€22,115 | €6,117 | +€28,232 | |
| Income taxes | 67/77 | - | €842 | +€842 | |
| Profit (loss) for the period | 9904 | -€22,115 | €5,275 | +€27,390 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,115 | €5,275 | +€27,390 |
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 26 October 2026 via checked.be.