Koen 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.
Koen Peeters
Largest movements
- Receivables within one year -€11,689
down €11,689 (-63.3%), from €18,465 to €6,775
of which Other amounts receivable: -€12,685
- Cash -€804
down €804 (-85.2%), from €943 to €139
mainly Net result for the year (-€12,085) and Tax, wage and social debts (-€787)
- Reserves -€12,085
down €12,085 (-23.0%), from €52,496 to €40,411
- Tax, wage and social debts -€787
down €787 (-70.8%), from €1,112 to €325
- Gross operating margin -€13,045
down €13,045, from €2,158 to -€10,888
- Financial charges +€1,681
up €1,681 (+874.3%), from €192 to €1,873
- Financial income -€1,138
down €1,138 (-53.2%), from €2,139 to €1,001
- Taxes -€787
down €787 (-70.8%), from €1,112 to €325
- Other operating charges -€138
no longer reported in 2025 (was €138)
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 | €68,790 | €55,915 | -€12,875 | -18.7% |
| Current assets | 29/58 | €68,790 | €55,915 | -€12,875 | -18.7% |
| Amounts receivable after more than one year | 29 | €49,000 | €49,000 | = | 0.0% |
| Other amounts receivable | 291 | €49,000 | €49,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €18,465 | €6,775 | -€11,689 | -63.3% |
| Trade receivables | 40 | - | €996 | +€996 | |
| Other amounts receivable | 41 | €18,465 | €5,780 | -€12,685 | -68.7% |
| Cash at bank and in hand | 54/58 | €943 | €139 | -€804 | -85.2% |
| Deferred charges and accrued income | 490/1 | €382 | - | -€382 | |
| Total equity and liabilities | 10/49 | €68,790 | €55,915 | -€12,875 | -18.7% |
| Equity | 10/15 | €67,496 | €55,411 | -€12,085 | -17.9% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €52,496 | €40,411 | -€12,085 | -23.0% |
| Distributable reserves | 133 | €52,496 | €40,411 | -€12,085 | -23.0% |
| Amounts payable | 17/49 | €1,294 | €504 | -€790 | -61.1% |
| Amounts payable within one year | 42/48 | €1,294 | €504 | -€790 | -61.1% |
| Trade debts | 44 | €182 | €179 | -€3 | -1.6% |
| Suppliers | 440/4 | €182 | €179 | -€3 | -1.6% |
| Taxes, remuneration and social security | 45 | €1,112 | €325 | -€787 | -70.8% |
| Taxes | 450/3 | €1,112 | €325 | -€787 | -70.8% |
| Other operating charges | 640/8 | €138 | - | -€138 | |
| Gross operating margin | 9900 | €2,158 | -€10,888 | -€13,045 | |
| Operating profit (loss) | 9901 | €2,020 | -€10,888 | -€12,908 | |
| Financial income | 75/76B | €2,139 | €1,001 | -€1,138 | -53.2% |
| Recurring financial income | 75 | €2,139 | €1,001 | -€1,138 | -53.2% |
| Financial charges | 65/66B | €192 | €1,873 | +€1,681 | +874.3% |
| Recurring financial charges | 65 | €192 | €1,873 | +€1,681 | +874.3% |
| Profit (loss) for the period before taxes | 9903 | €3,966 | -€11,760 | -€15,726 | |
| Income taxes | 67/77 | €1,112 | €325 | -€787 | -70.8% |
| Profit (loss) for the period | 9904 | €2,854 | -€12,085 | -€14,939 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,854 | -€12,085 | -€14,939 |
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 11 October 2026 via checked.be.