Hanne 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.
Hanne Peeters
Largest movements
- Receivables within one year +€3,344
new in 2025: €3,344
of which Trade receivables: +€3,136
- Cash +€2,403
up €2,403 (+18.8%), from €12,780 to €15,184
mainly Net result for the year (+€9,581) and Other debts (+€662)
- Profit (loss) carried forward +€9,581
up €9,581 (+547%), from €1,752 to €11,333
- Tax, wage and social debts -€3,797
down €3,797 (-75.8%), from €5,008 to €1,211
- Trade debts -€698
down €698 (-85.1%), from €820 to €123
- Other debts +€662
up €662 (+30.1%), from €2,199 to €2,861
- Gross operating margin +€10,739
up €10,739 (+362%), from €2,966 to €13,704
- Taxes +€2,471
up €2,471 (+397%), from €622 to €3,092
- Financial charges +€256
up €256 (+1,279,850%), from €0 to €256
- Other operating charges +€184
up €184 (+31.1%), from €591 to €775
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 | €12,780 | €18,528 | +€5,747 | +45.0% |
| Current assets | 29/58 | €12,780 | €18,528 | +€5,747 | +45.0% |
| Amounts receivable within one year | 40/41 | - | €3,344 | +€3,344 | |
| Trade receivables | 40 | - | €3,136 | +€3,136 | |
| Other amounts receivable | 41 | - | €208 | +€208 | |
| Cash at bank and in hand | 54/58 | €12,780 | €15,184 | +€2,403 | +18.8% |
| Total equity and liabilities | 10/49 | €12,780 | €18,528 | +€5,747 | +45.0% |
| Equity | 10/15 | €4,752 | €14,333 | +€9,581 | +202% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,752 | €11,333 | +€9,581 | +547% |
| Amounts payable | 17/49 | €8,028 | €4,195 | -€3,833 | -47.7% |
| Amounts payable within one year | 42/48 | €8,028 | €4,195 | -€3,833 | -47.7% |
| Trade debts | 44 | €820 | €123 | -€698 | -85.1% |
| Suppliers | 440/4 | €820 | €123 | -€698 | -85.1% |
| Taxes, remuneration and social security | 45 | €5,008 | €1,211 | -€3,797 | -75.8% |
| Taxes | 450/3 | €5,008 | €1,211 | -€3,797 | -75.8% |
| Other amounts payable | 47/48 | €2,199 | €2,861 | +€662 | +30.1% |
| Other operating charges | 640/8 | €591 | €775 | +€184 | +31.1% |
| Gross operating margin | 9900 | €2,966 | €13,704 | +€10,739 | +362% |
| Operating profit (loss) | 9901 | €2,374 | €12,929 | +€10,555 | +445% |
| Financial charges | 65/66B | €0 | €256 | +€256 | +1,279,850% |
| Recurring financial charges | 65 | €0 | €256 | +€256 | +1,279,850% |
| Profit (loss) for the period before taxes | 9903 | €2,374 | €12,673 | +€10,299 | +434% |
| Income taxes | 67/77 | €622 | €3,092 | +€2,471 | +397% |
| Profit (loss) for the period | 9904 | €1,752 | €9,581 | +€7,828 | +447% |
| Profit (loss) for the period to be appropriated | 9905 | €1,752 | €9,581 | +€7,828 | +447% |
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 28 October 2026 via checked.be.