JAN 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.
What changed
JAN PEETERS
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€451,218
2024 · -€222,257+€673,475
Equity
€8.3m
2024 · €7.8m+€451,218
Cash
€119,565
2024 · €60,549+€59,016
Balance sheet total
€13.2m
2024 · €12.8m+€371,242
Largest movements
Assets
- Receivables after one year +€600,000
up €600,000 (+29.3%), from €2.0m to €2.6m
Equity and liabilities
- Debts after one year -€1.7m
down €1.7m (-43.2%), from €3.9m to €2.2m
- Short-term financial debts +€1.7m
up €1.7m (+721%), from €231,654 to €1.9m
- Reserves +€451,218
up €451,218 (+5.9%), from €7.6m to €8.1m
of which Distributable reserves: +€451,218
Income statement
- Financial income +€686,748
up €686,748 (+311%), from €220,795 to €907,542
of which Financial income: +€654,325
- Financial charges +€50,917
up €50,917 (+26.1%), from €194,968 to €245,885
- Gross operating margin +€23,121
up €23,121 (+52.2%), from -€44,327 to -€21,206
- Other operating charges -€12,362
down €12,362 (-37.1%), from €33,296 to €20,934
- Depreciation +€2,981
up €2,981 (+3.4%), from €88,604 to €91,585
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.
Result 2024
-€222,257
Gross operating margin
+€23,121
Staff costs
+€2,760
Depreciation
-€2,981
Other operating charges
+€12,362
Financial income
+€686,748
Financial charges
-€50,917
Taxes
+€2,382
Result 2025
€451,218
raises the resultlowers the result
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.
From operations
+€10,990
Investment
+€52,067
Financing
-€4,041
Cash 2024
€60,549
From operations (derived)
+€10,990
Net result for the year
+€451,218
Depreciation
+€91,585
Receivables after one year
-€600,000
Receivables within one year
+€124,075
Deferred charges and accrued income
+€20,046
Provisions
-€10,496
Trade debts
+€9,743
Tax, wage and social debts
+€33,026
Other debts
-€104,708
Accrued charges and deferred income
-€3,500
Investment (derived)
+€52,067
Investment in fixed assets (net)
+€26,582
Current investments
+€25,485
Financing
-€4,041
Debts after one year
-€1.7m
Short-term financial debts
+€1.7m
Cash 2025
€119,565
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,804,911 | €13,176,154 | +€371,242 | +2.9% |
| Fixed assets | 21/28 | €7,206,835 | €7,088,667 | -€118,168 | -1.6% |
| Tangible fixed assets | 22/27 | €2,971,702 | €2,901,710 | -€69,993 | -2.4% |
| Land and buildings | 22 | €2,931,885 | €2,845,672 | -€86,213 | -2.9% |
| Plant, machinery and equipment | 23 | €514 | €675 | +€161 | +31.3% |
| Furniture and vehicles | 24 | €3,096 | €19,155 | +€16,060 | +519% |
| Other tangible fixed assets | 26 | €36,207 | €36,207 | = | 0.0% |
| Financial fixed assets | 28 | €4,235,133 | €4,186,958 | -€48,175 | -1.1% |
| Current assets | 29/58 | €5,598,076 | €6,087,486 | +€489,410 | +8.7% |
| Amounts receivable after more than one year | 29 | €2,047,504 | €2,647,504 | +€600,000 | +29.3% |
| Other amounts receivable | 291 | €2,047,504 | €2,647,504 | +€600,000 | +29.3% |
| Amounts receivable within one year | 40/41 | €434,266 | €310,191 | -€124,075 | -28.6% |
| Trade receivables | 40 | €6,050 | €9,000 | +€2,950 | +48.8% |
| Other amounts receivable | 41 | €428,216 | €301,191 | -€127,025 | -29.7% |
| Current investments | 50/53 | €2,935,636 | €2,910,152 | -€25,485 | -0.9% |
| Cash at bank and in hand | 54/58 | €60,549 | €119,565 | +€59,016 | +97.5% |
| Deferred charges and accrued income | 490/1 | €120,121 | €100,074 | -€20,046 | -16.7% |
| Total equity and liabilities | 10/49 | €12,804,911 | €13,176,154 | +€371,242 | +2.9% |
| Equity | 10/15 | €7,826,354 | €8,277,572 | +€451,218 | +5.8% |
| Contributions | 10/11 | €197,000 | €197,000 | = | 0.0% |
| Capital | 10 | €197,000 | €197,000 | = | 0.0% |
| Issued capital | 100 | €197,000 | €197,000 | = | 0.0% |
| Reserves | 13 | €7,629,354 | €8,080,572 | +€451,218 | +5.9% |
| Non-distributable reserves | 130/1 | €2,448,874 | €2,448,874 | = | 0.0% |
| Legal reserve | 130 | €27,170 | €27,170 | = | 0.0% |
| Own shares acquired | 1312 | €2,421,704 | €2,421,704 | = | 0.0% |
| Distributable reserves | 133 | €5,180,480 | €5,631,698 | +€451,218 | +8.7% |
| Provisions and deferred taxes | 16 | €19,088 | €8,591 | -€10,496 | -55.0% |
| Provisions for liabilities and charges | 160/5 | €19,088 | €8,591 | -€10,496 | -55.0% |
| Environmental obligations | 163 | €19,088 | €8,591 | -€10,496 | -55.0% |
| Amounts payable | 17/49 | €4,959,469 | €4,889,990 | -€69,479 | -1.4% |
| Amounts payable after more than one year | 17 | €3,875,000 | €2,200,000 | -€1.7m | -43.2% |
| Financial debts | 170/4 | €3,875,000 | €2,200,000 | -€1.7m | -43.2% |
| Amounts payable within one year | 42/48 | €1,080,969 | €2,689,990 | +€1.6m | +149% |
| Financial debts | 43 | €231,654 | €1,902,614 | +€1.7m | +721% |
| Credit institutions | 430/8 | €231,654 | €1,902,614 | +€1.7m | +721% |
| Trade debts | 44 | €18,727 | €28,469 | +€9,743 | +52.0% |
| Suppliers | 440/4 | €18,727 | €28,469 | +€9,743 | +52.0% |
| Taxes, remuneration and social security | 45 | €30,557 | €63,583 | +€33,026 | +108% |
| Taxes | 450/3 | €30,557 | €61,664 | +€31,107 | +102% |
| Remuneration and social security | 454/9 | - | €1,919 | +€1,919 | |
| Other amounts payable | 47/48 | €800,031 | €695,324 | -€104,708 | -13.1% |
| Accrued charges and deferred income | 492/3 | €3,500 | - | -€3,500 | |
| Remuneration, social security and pensions | 62 | €32,640 | €29,880 | -€2,760 | -8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,604 | €91,585 | +€2,981 | +3.4% |
| Other operating charges | 640/8 | €33,296 | €20,934 | -€12,362 | -37.1% |
| Gross operating margin | 9900 | -€44,327 | -€21,206 | +€23,121 | +52.2% |
| Operating profit (loss) | 9901 | -€198,868 | -€163,605 | +€35,262 | +17.7% |
| Financial income | 75/76B | €220,795 | €907,542 | +€686,748 | +311% |
| Recurring financial income | 75 | €220,795 | €875,119 | +€654,325 | +296% |
| Non-recurring financial income | 76B | - | €32,423 | +€32,423 | |
| Financial charges | 65/66B | €194,968 | €245,885 | +€50,917 | +26.1% |
| Recurring financial charges | 65 | €194,968 | €245,885 | +€50,917 | +26.1% |
| Profit (loss) for the period before taxes | 9903 | -€173,041 | €498,052 | +€671,094 | |
| Income taxes | 67/77 | €49,216 | €46,834 | -€2,382 | -4.8% |
| Profit (loss) for the period | 9904 | -€222,257 | €451,218 | +€673,475 | |
| Profit (loss) for the period to be appropriated | 9905 | -€222,257 | €451,218 | +€673,475 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.