LIEVE 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.
LIEVE PEETERS
Largest movements
- Cash +€31,983
up €31,983 (+1,148%), from €2,786 to €34,769
mainly Net result for the year (+€25,562) and Depreciation (+€7,643)
- Tangible fixed assets -€7,643
down €7,643 (-23.3%), from €32,807 to €25,164
- Receivables within one year +€2,750
up €2,750 (+4.9%), from €56,437 to €59,187
of which Other amounts receivable: +€9,226
- Reserves +€24,729
up €24,729 (+28.0%), from €88,215 to €112,945
- Trade debts +€2,361
up €2,361 (+180%), from €1,315 to €3,676
- Depreciation +€2,234
up €2,234 (+41.3%), from €5,409 to €7,643
- Taxes -€681
down €681 (-8.9%), from €7,613 to €6,932
- Financial charges +€560
up €560 (+337%), from €166 to €726
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 | €92,030 | €119,120 | +€27,090 | +29.4% |
| Fixed assets | 21/28 | €32,807 | €25,164 | -€7,643 | -23.3% |
| Tangible fixed assets | 22/27 | €32,807 | €25,164 | -€7,643 | -23.3% |
| Furniture and vehicles | 24 | €32,807 | €25,164 | -€7,643 | -23.3% |
| Current assets | 29/58 | €59,223 | €93,956 | +€34,733 | +58.6% |
| Amounts receivable within one year | 40/41 | €56,437 | €59,187 | +€2,750 | +4.9% |
| Trade receivables | 40 | €13,768 | €7,293 | -€6,475 | -47.0% |
| Other amounts receivable | 41 | €42,669 | €51,894 | +€9,226 | +21.6% |
| Cash at bank and in hand | 54/58 | €2,786 | €34,769 | +€31,983 | +1,148% |
| Total equity and liabilities | 10/49 | €92,030 | €119,120 | +€27,090 | +29.4% |
| Equity | 10/15 | €90,715 | €115,445 | +€24,729 | +27.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €88,215 | €112,945 | +€24,729 | +28.0% |
| Distributable reserves | 133 | €88,215 | €112,945 | +€24,729 | +28.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,315 | €3,676 | +€2,361 | +180% |
| Amounts payable within one year | 42/48 | €1,315 | €3,676 | +€2,361 | +180% |
| Trade debts | 44 | €1,315 | €3,676 | +€2,361 | +180% |
| Suppliers | 440/4 | €1,315 | €3,676 | +€2,361 | +180% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,409 | €7,643 | +€2,234 | +41.3% |
| Other operating charges | 640/8 | €582 | €520 | -€63 | -10.7% |
| Gross operating margin | 9900 | €39,365 | €39,263 | -€101 | -0.3% |
| Operating profit (loss) | 9901 | €33,374 | €31,100 | -€2,273 | -6.8% |
| Financial income | 75/76B | €2,405 | €2,120 | -€284 | -11.8% |
| Recurring financial income | 75 | €2,405 | €2,120 | -€284 | -11.8% |
| Financial charges | 65/66B | €166 | €726 | +€560 | +337% |
| Recurring financial charges | 65 | €166 | €726 | +€560 | +337% |
| Profit (loss) for the period before taxes | 9903 | €35,612 | €32,495 | -€3,117 | -8.8% |
| Income taxes | 67/77 | €7,613 | €6,932 | -€681 | -8.9% |
| Profit (loss) for the period | 9904 | €27,999 | €25,562 | -€2,436 | -8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €27,999 | €25,562 | -€2,436 | -8.7% |
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.