IW Perings: 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.
IW Perings
Largest movements
- Tangible fixed assets +€14,316
up €14,316 (+2.8%), from €506,951 to €521,267
of which Land and buildings: +€14,311
- Receivables within one year +€13,929
up €13,929 (+63.3%), from €21,988 to €35,917
of which Trade receivables: +€13,929
- Cash +€13,755
up €13,755 (+53.4%), from €25,737 to €39,492
mainly Net result for the year (+€65,127) and Depreciation (+€32,363)
- Profit (loss) carried forward +€40,127
up €40,127 (+36.7%), from €109,486 to €149,614
- Trade debts -€38,773
down €38,773 (-42.3%), from €91,758 to €52,985
- Advances received -€27,400
down €27,400 (-100%), from €27,400 to €0
- Reserves +€25,000
up €25,000 (+38.5%), from €65,000 to €90,000
- Debts after one year +€23,020
up €23,020 (+11.5%), from €200,000 to €223,020
- Depreciation +€16,176
up €16,176 (+99.9%), from €16,187 to €32,363
- Gross operating margin +€12,888
up €12,888 (+11.7%), from €110,477 to €123,365
- Taxes +€4,988
up €4,988 (+36.5%), from €13,672 to €18,660
- Staff costs -€2,987
down €2,987 (-36.9%), from €8,106 to €5,119
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 | €561,558 | €604,807 | +€43,250 | +7.7% |
| Formation expenses | 20 | €651 | €319 | -€332 | -51.0% |
| Fixed assets | 21/28 | €506,951 | €521,267 | +€14,316 | +2.8% |
| Tangible fixed assets | 22/27 | €506,951 | €521,267 | +€14,316 | +2.8% |
| Land and buildings | 22 | €479,557 | €493,868 | +€14,311 | +3.0% |
| Plant, machinery and equipment | 23 | €23,644 | €21,633 | -€2,011 | -8.5% |
| Furniture and vehicles | 24 | €3,750 | €5,766 | +€2,016 | +53.7% |
| Current assets | 29/58 | €53,955 | €83,222 | +€29,266 | +54.2% |
| Stocks and contracts in progress | 3 | €2,458 | €3,249 | +€790 | +32.1% |
| Stocks | 30/36 | €2,458 | €3,249 | +€790 | +32.1% |
| Amounts receivable within one year | 40/41 | €21,988 | €35,917 | +€13,929 | +63.3% |
| Trade receivables | 40 | €21,918 | €35,847 | +€13,929 | +63.6% |
| Other amounts receivable | 41 | €70 | €70 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €25,737 | €39,492 | +€13,755 | +53.4% |
| Deferred charges and accrued income | 490/1 | €3,772 | €4,563 | +€792 | +21.0% |
| Total equity and liabilities | 10/49 | €561,558 | €604,807 | +€43,250 | +7.7% |
| Equity | 10/15 | €176,986 | €242,114 | +€65,127 | +36.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €65,000 | €90,000 | +€25,000 | +38.5% |
| Distributable reserves | 133 | €65,000 | €90,000 | +€25,000 | +38.5% |
| Profit (loss) carried forward | 14 | €109,486 | €149,614 | +€40,127 | +36.7% |
| Amounts payable | 17/49 | €384,571 | €362,694 | -€21,877 | -5.7% |
| Amounts payable after more than one year | 17 | €200,000 | €223,020 | +€23,020 | +11.5% |
| Financial debts | 170/4 | €200,000 | €223,020 | +€23,020 | +11.5% |
| Amounts payable within one year | 42/48 | €184,160 | €139,578 | -€44,582 | -24.2% |
| Trade debts | 44 | €91,758 | €52,985 | -€38,773 | -42.3% |
| Suppliers | 440/4 | €91,758 | €52,985 | -€38,773 | -42.3% |
| Advances received on contracts in progress | 46 | €27,400 | €0 | -€27,400 | -100% |
| Taxes, remuneration and social security | 45 | €5,317 | €24,820 | +€19,502 | +367% |
| Taxes | 450/3 | €4,027 | €24,410 | +€20,383 | +506% |
| Remuneration and social security | 454/9 | €1,290 | €410 | -€881 | -68.3% |
| Other amounts payable | 47/48 | €59,685 | €61,774 | +€2,089 | +3.5% |
| Accrued charges and deferred income | 492/3 | €411 | €96 | -€315 | -76.7% |
| Remuneration, social security and pensions | 62 | €8,106 | €5,119 | -€2,987 | -36.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,187 | €32,363 | +€16,176 | +99.9% |
| Other operating charges | 640/8 | €631 | €1,730 | +€1,099 | +174% |
| Non-recurring operating charges | 66A | €129 | €63 | -€66 | -50.8% |
| Gross operating margin | 9900 | €110,477 | €123,365 | +€12,888 | +11.7% |
| Operating profit (loss) | 9901 | €85,424 | €84,090 | -€1,334 | -1.6% |
| Financial income | 75/76B | €3,834 | €2,757 | -€1,077 | -28.1% |
| Recurring financial income | 75 | €3,834 | €2,757 | -€1,077 | -28.1% |
| Financial charges | 65/66B | €3,644 | €3,060 | -€585 | -16.0% |
| Recurring financial charges | 65 | €3,644 | €3,060 | -€585 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €85,613 | €83,787 | -€1,826 | -2.1% |
| Income taxes | 67/77 | €13,672 | €18,660 | +€4,988 | +36.5% |
| Profit (loss) for the period | 9904 | €71,941 | €65,127 | -€6,814 | -9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €71,941 | €65,127 | -€6,814 | -9.5% |
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 21 October 2026 via checked.be.