HILDE VAN PEER: what changed
Two fiscal 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.
HILDE VAN PEER
Largest movements
- Tangible fixed assets -€17,386
down €17,386 (-36.8%), from €47,212 to €29,826
of which Other tangible fixed assets: -€9,364
- Receivables within one year +€4,529
up €4,529 (+108.2%), from €4,184 to €8,712
of which Trade receivables: +€6,360
- Cash +€4,223
up €4,223 (+5.4%), from €78,419 to €82,642
mainly Depreciation (+€15,051) and Trade debts (+€4,346)
- Debts after one year -€5,250
down €5,250 (-33.6%), from €15,603 to €10,353
- Trade debts +€4,346
up €4,346 (+299.6%), from €1,451 to €5,796
- Other debts -€3,778
down €3,778 (-30.0%), from €12,611 to €8,834
- Tax, wage and social debts -€3,031
down €3,031 (-34.2%), from €8,875 to €5,844
of which Taxes: -€3,031
- Gross operating margin -€42,748
down €42,748 (-63.6%), from €67,231 to €24,483
- Staff costs -€20,443
down €20,443 (-68.1%), from €30,015 to €9,572
- Taxes -€4,904
down €4,904 (-82.1%), from €5,971 to €1,066
- Depreciation -€4,473
down €4,473 (-22.9%), from €19,523 to €15,051
- Financial income +€1,189
up €1,189 (+90.6%), from €1,312 to €2,501
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.
Cash bridge derived
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 | €284,139 | €275,954 | -€8,185 | -2.9% |
| Fixed assets | 21/28 | €47,212 | €29,826 | -€17,386 | -36.8% |
| Tangible fixed assets | 22/27 | €47,212 | €29,826 | -€17,386 | -36.8% |
| Plant, machinery and equipment | 23 | €12,311 | €8,646 | -€3,664 | -29.8% |
| Furniture and vehicles | 24 | €6,944 | €2,586 | -€4,358 | -62.8% |
| Other tangible fixed assets | 26 | €27,957 | €18,593 | -€9,364 | -33.5% |
| Current assets | 29/58 | €236,927 | €246,128 | +€9,202 | +3.9% |
| Stocks and contracts in progress | 3 | €1,571 | €1,426 | -€145 | -9.2% |
| Stocks | 30/36 | €1,571 | €1,426 | -€145 | -9.2% |
| Amounts receivable within one year | 40/41 | €4,184 | €8,712 | +€4,529 | +108.2% |
| Trade receivables | 40 | €194 | €6,554 | +€6,360 | +3277.8% |
| Other amounts receivable | 41 | €3,989 | €2,158 | -€1,832 | -45.9% |
| Current investments | 50/53 | €150,090 | €150,000 | -€90 | -0.1% |
| Cash at bank and in hand | 54/58 | €78,419 | €82,642 | +€4,223 | +5.4% |
| Deferred charges and accrued income | 490/1 | €2,662 | €3,348 | +€686 | +25.8% |
| Total equity and liabilities | 10/49 | €284,139 | €275,954 | -€8,185 | -2.9% |
| Equity | 10/15 | €239,910 | €239,354 | -€556 | -0.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €227,510 | €227,510 | = | 0.0% |
| Distributable reserves | 133 | €227,510 | €227,510 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€556 | -€556 | |
| Amounts payable | 17/49 | €44,229 | €36,600 | -€7,629 | -17.2% |
| Amounts payable after more than one year | 17 | €15,603 | €10,353 | -€5,250 | -33.6% |
| Financial debts | 170/4 | €15,603 | €10,353 | -€5,250 | -33.6% |
| Amounts payable within one year | 42/48 | €28,085 | €25,724 | -€2,362 | -8.4% |
| Current portion of amounts payable after more than one year | 42 | €5,149 | €5,250 | +€101 | +2.0% |
| Trade debts | 44 | €1,451 | €5,796 | +€4,346 | +299.6% |
| Suppliers | 440/4 | €1,451 | €5,796 | +€4,346 | +299.6% |
| Taxes, remuneration and social security | 45 | €8,875 | €5,844 | -€3,031 | -34.2% |
| Taxes | 450/3 | €8,875 | €5,844 | -€3,031 | -34.2% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €12,611 | €8,834 | -€3,778 | -30.0% |
| Accrued charges and deferred income | 492/3 | €541 | €524 | -€17 | -3.2% |
| Remuneration, social security and pensions | 62 | €30,015 | €9,572 | -€20,443 | -68.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,523 | €15,051 | -€4,473 | -22.9% |
| Other operating charges | 640/8 | €118 | €1,096 | +€978 | +829.2% |
| Gross operating margin | 9900 | €67,231 | €24,483 | -€42,748 | -63.6% |
| Operating profit (loss) | 9901 | €17,575 | -€1,236 | -€18,811 | |
| Financial income | 75/76B | €1,312 | €2,501 | +€1,189 | +90.6% |
| Recurring financial income | 75 | €1,312 | €2,501 | +€1,189 | +90.6% |
| Financial charges | 65/66B | €884 | €754 | -€130 | -14.7% |
| Recurring financial charges | 65 | €884 | €754 | -€130 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €18,003 | €510 | -€17,493 | -97.2% |
| Income taxes | 67/77 | €5,971 | €1,066 | -€4,904 | -82.1% |
| Profit (loss) for the period | 9904 | €12,033 | -€556 | -€12,589 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,033 | -€556 | -€12,589 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.