LUC PEETERMANS: 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.
What changed
LUC PEETERMANS
NACE 47.540, Retail sale of electrical household appliances
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€119,808
2024 · €116,103+€3,705
Equity
€612,856
2024 · €497,881+€114,975
Cash
€137,918
2024 · €135,970+€1,948
Balance sheet total
€1.3m
2024 · €1.3m-€8,493
Largest movements
Assets
- Tangible fixed assets -€31,952
down €31,952 (-5.6%), from €575,173 to €543,221
of which Land and buildings: -€19,217
- Receivables within one year +€13,173
up €13,173 (+44.7%), from €29,486 to €42,659
of which Trade receivables: +€9,845
Equity and liabilities
- Reserves +€114,900
up €114,900 (+24.1%), from €475,954 to €590,854
of which Distributable reserves: +€114,900
- Debts after one year -€68,922
down €68,922 (-16.4%), from €420,141 to €351,219
- Trade debts -€26,816
down €26,816 (-48.0%), from €55,898 to €29,082
- Other debts -€14,407
down €14,407 (-17.2%), from €83,633 to €69,225
Income statement
- Gross operating margin +€15,323
up €15,323 (+3.8%), from €404,106 to €419,429
- Staff costs +€12,990
up €12,990 (+7.6%), from €170,902 to €183,892
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.
Result 2024
€116,103
Gross operating margin
+€15,323
Staff costs
-€12,990
Depreciation
+€3,200
Other operating charges
+€10
Financial income
-€420
Financial charges
+€504
Taxes
-€1,922
Result 2025
€119,808
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.
From operations
+€91,699
Investment
-€3,661
Financing
-€86,090
Cash 2024
€135,970
From operations (derived)
+€91,699
Net result for the year
+€119,808
Depreciation
+€35,613
Stocks and contracts
-€8,790
Receivables within one year
-€13,173
Deferred charges and accrued income
+€452
Trade debts
-€26,816
Tax, wage and social debts
+€2,327
Advances received
-€7,517
Other debts
-€14,407
Accrued charges and deferred income
+€4,203
Investment (derived)
-€3,661
Investment in fixed assets (net)
-€3,661
Financing
-€86,090
Debts after one year
-€68,922
Current portion of long-term debt
-€12,335
Contributions, distributions and other
-€4,833
Cash 2025
€137,918
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,278,876 | €1,270,384 | -€8,493 | -0.7% |
| Fixed assets | 21/28 | €575,822 | €543,870 | -€31,952 | -5.5% |
| Tangible fixed assets | 22/27 | €575,173 | €543,221 | -€31,952 | -5.6% |
| Land and buildings | 22 | €557,711 | €538,493 | -€19,217 | -3.4% |
| Plant, machinery and equipment | 23 | €1,965 | €1,342 | -€623 | -31.7% |
| Furniture and vehicles | 24 | €15,497 | €3,386 | -€12,112 | -78.2% |
| Financial fixed assets | 28 | €650 | €650 | = | 0.0% |
| Current assets | 29/58 | €703,054 | €726,513 | +€23,459 | +3.3% |
| Stocks and contracts in progress | 3 | €535,971 | €544,761 | +€8,790 | +1.6% |
| Stocks | 30/36 | €535,971 | €544,761 | +€8,790 | +1.6% |
| Amounts receivable within one year | 40/41 | €29,486 | €42,659 | +€13,173 | +44.7% |
| Trade receivables | 40 | €22,820 | €32,665 | +€9,845 | +43.1% |
| Other amounts receivable | 41 | €6,666 | €9,995 | +€3,328 | +49.9% |
| Cash at bank and in hand | 54/58 | €135,970 | €137,918 | +€1,948 | +1.4% |
| Deferred charges and accrued income | 490/1 | €1,627 | €1,175 | -€452 | -27.8% |
| Total equity and liabilities | 10/49 | €1,278,876 | €1,270,384 | -€8,493 | -0.7% |
| Equity | 10/15 | €497,881 | €612,856 | +€114,975 | +23.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €475,954 | €590,854 | +€114,900 | +24.1% |
| Tax-exempt reserves | 132 | €273 | €273 | = | 0.0% |
| Distributable reserves | 133 | €475,681 | €590,581 | +€114,900 | +24.2% |
| Profit (loss) carried forward | 14 | €3,335 | €3,410 | +€75 | +2.2% |
| Provisions and deferred taxes | 16 | €66,559 | €66,559 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €66,559 | €66,559 | = | 0.0% |
| Other liabilities and charges | 164/5 | €66,559 | €66,559 | = | 0.0% |
| Amounts payable | 17/49 | €714,436 | €590,968 | -€123,468 | -17.3% |
| Amounts payable after more than one year | 17 | €420,141 | €351,219 | -€68,922 | -16.4% |
| Financial debts | 170/4 | €420,141 | €351,219 | -€68,922 | -16.4% |
| Amounts payable within one year | 42/48 | €281,985 | €223,237 | -€58,748 | -20.8% |
| Current portion of amounts payable after more than one year | 42 | €81,257 | €68,922 | -€12,335 | -15.2% |
| Trade debts | 44 | €55,898 | €29,082 | -€26,816 | -48.0% |
| Suppliers | 440/4 | €55,898 | €29,082 | -€26,816 | -48.0% |
| Advances received on contracts in progress | 46 | €19,894 | €12,377 | -€7,517 | -37.8% |
| Taxes, remuneration and social security | 45 | €41,304 | €43,630 | +€2,327 | +5.6% |
| Taxes | 450/3 | €26,390 | €27,058 | +€668 | +2.5% |
| Remuneration and social security | 454/9 | €14,914 | €16,572 | +€1,659 | +11.1% |
| Other amounts payable | 47/48 | €83,633 | €69,225 | -€14,407 | -17.2% |
| Accrued charges and deferred income | 492/3 | €12,310 | €16,513 | +€4,203 | +34.1% |
| Remuneration, social security and pensions | 62 | €170,902 | €183,892 | +€12,990 | +7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,813 | €35,613 | -€3,200 | -8.2% |
| Other operating charges | 640/8 | €13,644 | €13,634 | -€10 | -0.1% |
| Gross operating margin | 9900 | €404,106 | €419,429 | +€15,323 | +3.8% |
| Operating profit (loss) | 9901 | €180,748 | €186,291 | +€5,543 | +3.1% |
| Financial income | 75/76B | €13,544 | €13,124 | -€420 | -3.1% |
| Recurring financial income | 75 | €13,544 | €13,124 | -€420 | -3.1% |
| Financial charges | 65/66B | €28,615 | €28,112 | -€504 | -1.8% |
| Recurring financial charges | 65 | €28,615 | €28,112 | -€504 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €165,677 | €171,303 | +€5,627 | +3.4% |
| Income taxes | 67/77 | €49,574 | €51,495 | +€1,922 | +3.9% |
| Profit (loss) for the period | 9904 | €116,103 | €119,808 | +€3,705 | +3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €116,103 | €119,808 | +€3,705 | +3.2% |
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 11 October 2026 via checked.be.