Kris 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.
Kris Peeters
Largest movements
- Tangible fixed assets -€5,778
down €5,778 (-21.0%), from €27,500 to €21,723
of which Leasing and similar rights: -€10,857
- Cash -€3,540
down €3,540 (-11.6%), from €30,548 to €27,008
mainly Debts after one year (-€9,590) and Investment in fixed assets (net) (-€5,833)
- Debts after one year -€9,590
down €9,590 (-57.0%), from €16,827 to €7,237
- Other debts +€6,777
up €6,777 (+68.4%), from €9,908 to €16,685
- Profit (loss) carried forward -€4,839
down €4,839 (-71.8%), from €6,742 to €1,903
- Tax, wage and social debts -€3,796
down €3,796 (-100%), from €3,796 to €0
- Trade debts +€2,493
up €2,493 (+63.4%), from €3,930 to €6,423
- Gross operating margin -€32,544
down €32,544 (-76.8%), from €42,395 to €9,851
- Taxes -€8,163
down €8,163 (-98.1%), from €8,322 to €159
- Depreciation +€611
up €611 (+5.6%), from €11,000 to €11,610
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 | €110,228 | €102,777 | -€7,450 | -6.8% |
| Fixed assets | 21/28 | €27,500 | €21,723 | -€5,778 | -21.0% |
| Tangible fixed assets | 22/27 | €27,500 | €21,723 | -€5,778 | -21.0% |
| Furniture and vehicles | 24 | €0 | €3,168 | +€3,168 | |
| Leasing and similar rights | 25 | €27,500 | €16,643 | -€10,857 | -39.5% |
| Other tangible fixed assets | 26 | - | €1,912 | +€1,912 | |
| Current assets | 29/58 | €82,728 | €81,055 | -€1,673 | -2.0% |
| Amounts receivable after more than one year | 29 | €40,000 | €40,000 | = | 0.0% |
| Other amounts receivable | 291 | €40,000 | €40,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €11,268 | €12,071 | +€803 | +7.1% |
| Trade receivables | 40 | €11,268 | €7,148 | -€4,120 | -36.6% |
| Other amounts receivable | 41 | €0 | €4,923 | +€4,923 | |
| Cash at bank and in hand | 54/58 | €30,548 | €27,008 | -€3,540 | -11.6% |
| Deferred charges and accrued income | 490/1 | €912 | €1,976 | +€1,064 | +117% |
| Total equity and liabilities | 10/49 | €110,228 | €102,777 | -€7,450 | -6.8% |
| Equity | 10/15 | €64,811 | €59,972 | -€4,839 | -7.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €39,519 | €39,519 | = | 0.0% |
| Distributable reserves | 133 | €39,519 | €39,519 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,742 | €1,903 | -€4,839 | -71.8% |
| Amounts payable | 17/49 | €45,417 | €42,806 | -€2,611 | -5.7% |
| Amounts payable after more than one year | 17 | €16,827 | €7,237 | -€9,590 | -57.0% |
| Financial debts | 170/4 | €16,827 | €7,237 | -€9,590 | -57.0% |
| Amounts payable within one year | 42/48 | €28,590 | €35,569 | +€6,979 | +24.4% |
| Current portion of amounts payable after more than one year | 42 | €10,956 | €12,462 | +€1,505 | +13.7% |
| Trade debts | 44 | €3,930 | €6,423 | +€2,493 | +63.4% |
| Suppliers | 440/4 | €3,930 | €6,423 | +€2,493 | +63.4% |
| Taxes, remuneration and social security | 45 | €3,796 | €0 | -€3,796 | -100% |
| Taxes | 450/3 | €3,796 | €0 | -€3,796 | -100% |
| Other amounts payable | 47/48 | €9,908 | €16,685 | +€6,777 | +68.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,000 | €11,610 | +€611 | +5.6% |
| Other operating charges | 640/8 | €2,233 | €2,329 | +€96 | +4.3% |
| Gross operating margin | 9900 | €42,395 | €9,851 | -€32,544 | -76.8% |
| Operating profit (loss) | 9901 | €29,162 | -€4,088 | -€33,251 | |
| Financial income | 75/76B | €679 | €576 | -€103 | -15.2% |
| Recurring financial income | 75 | €679 | €576 | -€103 | -15.2% |
| Financial charges | 65/66B | €1,306 | €1,168 | -€138 | -10.6% |
| Recurring financial charges | 65 | €1,306 | €1,168 | -€138 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €28,535 | -€4,680 | -€33,216 | |
| Income taxes | 67/77 | €8,322 | €159 | -€8,163 | -98.1% |
| Profit (loss) for the period | 9904 | €20,213 | -€4,839 | -€25,053 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,213 | -€4,839 | -€25,053 |
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 25 October 2026 via checked.be.