Loïc PELTZER: 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.
Loïc PELTZER
Largest movements
- Tangible fixed assets -€14,054
down €14,054 (-4.0%), from €347,747 to €333,694
of which Furniture and vehicles: -€12,779
- Cash +€9,363
up €9,363 (+122%), from €7,671 to €17,034
mainly Other debts (+€51,293) and Net result for the year (+€20,680)
- Receivables within one year +€7,045
up €7,045 (+70.4%), from €10,000 to €17,045
- Other debts +€51,293
up €51,293 (+539%), from €9,514 to €60,806
- Debts after one year -€33,232
down €33,232 (-64.0%), from €51,894 to €18,661
of which Financial debts: -€33,232
- Current portion of long-term debt -€11,998
down €11,998 (-24.4%), from €49,173 to €37,175
- Reserves -€8,399
down €8,399 (-7.5%), from €111,500 to €103,101
- Gross operating margin -€14,930
down €14,930 (-22.0%), from €67,916 to €52,986
- Depreciation +€3,246
up €3,246 (+30.0%), from €10,807 to €14,054
- Other operating charges -€2,092
down €2,092 (-48.7%), from €4,292 to €2,200
- Taxes -€1,694
down €1,694 (-12.2%), from €13,861 to €12,167
- Financial charges -€724
down €724 (-15.7%), from €4,615 to €3,891
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 | €367,144 | €368,264 | +€1,120 | +0.3% |
| Fixed assets | 21/28 | €347,747 | €333,694 | -€14,054 | -4.0% |
| Tangible fixed assets | 22/27 | €347,747 | €333,694 | -€14,054 | -4.0% |
| Land and buildings | 22 | €278,594 | €278,594 | = | 0.0% |
| Furniture and vehicles | 24 | €53,390 | €40,611 | -€12,779 | -23.9% |
| Other tangible fixed assets | 26 | €15,763 | €14,488 | -€1,275 | -8.1% |
| Current assets | 29/58 | €19,396 | €34,570 | +€15,174 | +78.2% |
| Amounts receivable within one year | 40/41 | €10,000 | €17,045 | +€7,045 | +70.4% |
| Trade receivables | 40 | €10,000 | €17,045 | +€7,045 | +70.4% |
| Cash at bank and in hand | 54/58 | €7,671 | €17,034 | +€9,363 | +122% |
| Deferred charges and accrued income | 490/1 | €1,725 | €492 | -€1,234 | -71.5% |
| Total equity and liabilities | 10/49 | €367,144 | €368,264 | +€1,120 | +0.3% |
| Equity | 10/15 | €241,875 | €234,156 | -€7,719 | -3.2% |
| Contributions | 10/11 | €115,154 | €115,154 | = | 0.0% |
| Reserves | 13 | €111,500 | €103,101 | -€8,399 | -7.5% |
| Distributable reserves | 133 | €111,500 | €103,101 | -€8,399 | -7.5% |
| Profit (loss) carried forward | 14 | €15,221 | €15,901 | +€680 | +4.5% |
| Amounts payable | 17/49 | €125,269 | €134,108 | +€8,840 | +7.1% |
| Amounts payable after more than one year | 17 | €51,894 | €18,661 | -€33,232 | -64.0% |
| Financial debts | 170/4 | €48,894 | €15,661 | -€33,232 | -68.0% |
| Other amounts payable | 178/9 | €3,000 | €3,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €73,375 | €115,447 | +€42,072 | +57.3% |
| Current portion of amounts payable after more than one year | 42 | €49,173 | €37,175 | -€11,998 | -24.4% |
| Trade debts | 44 | €1,749 | €4,855 | +€3,105 | +177% |
| Suppliers | 440/4 | €1,749 | €4,855 | +€3,105 | +177% |
| Taxes, remuneration and social security | 45 | €12,939 | €12,611 | -€328 | -2.5% |
| Taxes | 450/3 | €12,939 | €12,611 | -€328 | -2.5% |
| Other amounts payable | 47/48 | €9,514 | €60,806 | +€51,293 | +539% |
| Non-recurring operating income | 76A | €13,503 | €0 | -€13,503 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,807 | €14,054 | +€3,246 | +30.0% |
| Other operating charges | 640/8 | €4,292 | €2,200 | -€2,092 | -48.7% |
| Gross operating margin | 9900 | €67,916 | €52,986 | -€14,930 | -22.0% |
| Operating profit (loss) | 9901 | €52,817 | €36,732 | -€16,085 | -30.5% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €4,615 | €3,891 | -€724 | -15.7% |
| Recurring financial charges | 65 | €4,615 | €3,891 | -€724 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €48,202 | €32,847 | -€15,355 | -31.9% |
| Income taxes | 67/77 | €13,861 | €12,167 | -€1,694 | -12.2% |
| Profit (loss) for the period | 9904 | €34,341 | €20,680 | -€13,661 | -39.8% |
| Profit (loss) for the period to be appropriated | 9905 | €34,341 | €20,680 | -€13,661 | -39.8% |
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 24 October 2026 via checked.be.