L. 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.
L. Peeters
Largest movements
- Cash +€13,917
up €13,917 (+21.6%), from €64,326 to €78,243
mainly Net result for the year (+€12,031) and Tax, wage and social debts (+€3,011)
- Profit (loss) carried forward +€12,031
up €12,031 (+2.2%), from -€554,332 to -€542,301
- Write-downs +€11,703
up €11,703 (+93.6%), from -€12,502 to -€799
- Financial income +€11,457
up €11,457 (+872%), from €1,314 to €12,771
of which Non-recurring financial income: +€7,000
- Gross operating margin -€6,064
down €6,064 (-70.3%), from €8,625 to €2,561
- Other operating charges -€757
down €757 (-19.1%), from €3,967 to €3,210
- Financial charges +€246
up €246 (+38.1%), from €645 to €891
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 | €409,466 | €426,107 | +€16,641 | +4.1% |
| Current assets | 29/58 | €409,466 | €426,107 | +€16,641 | +4.1% |
| Amounts receivable within one year | 40/41 | €345,140 | €347,865 | +€2,725 | +0.8% |
| Trade receivables | 40 | €345,140 | €344,817 | -€323 | -0.1% |
| Other amounts receivable | 41 | - | €3,047 | +€3,047 | |
| Cash at bank and in hand | 54/58 | €64,326 | €78,243 | +€13,917 | +21.6% |
| Total equity and liabilities | 10/49 | €409,466 | €426,107 | +€16,641 | +4.1% |
| Equity | 10/15 | €166,119 | €178,150 | +€12,031 | +7.2% |
| Contributions | 10/11 | €718,592 | €718,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€554,332 | -€542,301 | +€12,031 | +2.2% |
| Amounts payable | 17/49 | €243,347 | €247,958 | +€4,610 | +1.9% |
| Amounts payable within one year | 42/48 | €243,347 | €247,958 | +€4,610 | +1.9% |
| Trade debts | 44 | €8,331 | €9,930 | +€1,599 | +19.2% |
| Suppliers | 440/4 | €8,331 | €9,930 | +€1,599 | +19.2% |
| Taxes, remuneration and social security | 45 | €202 | €3,213 | +€3,011 | +1,491% |
| Taxes | 450/3 | €202 | €3,213 | +€3,011 | +1,491% |
| Other amounts payable | 47/48 | €234,814 | €234,814 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€12,502 | -€799 | +€11,703 | +93.6% |
| Other operating charges | 640/8 | €3,967 | €3,210 | -€757 | -19.1% |
| Gross operating margin | 9900 | €8,625 | €2,561 | -€6,064 | -70.3% |
| Operating profit (loss) | 9901 | €17,160 | €151 | -€17,009 | -99.1% |
| Financial income | 75/76B | €1,314 | €12,771 | +€11,457 | +872% |
| Recurring financial income | 75 | €1,314 | €5,771 | +€4,457 | +339% |
| Non-recurring financial income | 76B | - | €7,000 | +€7,000 | |
| Financial charges | 65/66B | €645 | €891 | +€246 | +38.1% |
| Recurring financial charges | 65 | €645 | €891 | +€246 | +38.1% |
| Profit (loss) for the period before taxes | 9903 | €17,829 | €12,031 | -€5,798 | -32.5% |
| Profit (loss) for the period | 9904 | €17,829 | €12,031 | -€5,798 | -32.5% |
| Profit (loss) for the period to be appropriated | 9905 | €17,829 | €12,031 | -€5,798 | -32.5% |
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 29 October 2026 via checked.be.