MAXIME PEERBOOM: 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.
MAXIME PEERBOOM
Largest movements
- Tangible fixed assets +€575,131
up €575,131 (+400%), from €143,731 to €718,862
of which Leasing and similar rights: +€493,223
- Cash +€25,940
up €25,940 (+93.9%), from €27,631 to €53,571
mainly Debts after one year (+€459,769) and Depreciation (+€96,251)
- Deferred charges and accrued income +€12,830
up €12,830 (+497%), from €2,581 to €15,411
- Debts after one year +€459,769
up €459,769 (+494%), from €93,082 to €552,851
of which Financial debts: +€472,269
- Current portion of long-term debt +€89,473
up €89,473 (+367%), from €24,389 to €113,862
- Trade debts +€67,723
up €67,723 (+161%), from €42,120 to €109,843
- Depreciation +€77,379
up €77,379 (+410%), from €18,872 to €96,251
- Gross operating margin +€77,221
up €77,221 (+151%), from €51,097 to €128,318
- Financial charges +€16,642
up €16,642 (+147%), from €11,317 to €27,958
- Other operating charges +€3,243
up €3,243 (+1,191%), from €272 to €3,515
- Taxes -€3,044
no longer reported in 2025 (was €3,044)
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 | €191,442 | €812,593 | +€621,151 | +324% |
| Fixed assets | 21/28 | €144,431 | €719,562 | +€575,131 | +398% |
| Tangible fixed assets | 22/27 | €143,731 | €718,862 | +€575,131 | +400% |
| Plant, machinery and equipment | 23 | €43,218 | €114,306 | +€71,088 | +164% |
| Furniture and vehicles | 24 | €3,838 | €14,658 | +€10,820 | +282% |
| Leasing and similar rights | 25 | €96,675 | €589,898 | +€493,223 | +510% |
| Financial fixed assets | 28 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €47,012 | €93,032 | +€46,020 | +97.9% |
| Amounts receivable within one year | 40/41 | €16,800 | €24,050 | +€7,250 | +43.2% |
| Trade receivables | 40 | - | €10,875 | +€10,875 | |
| Other amounts receivable | 41 | €16,800 | €13,175 | -€3,624 | -21.6% |
| Cash at bank and in hand | 54/58 | €27,631 | €53,571 | +€25,940 | +93.9% |
| Deferred charges and accrued income | 490/1 | €2,581 | €15,411 | +€12,830 | +497% |
| Total equity and liabilities | 10/49 | €191,442 | €812,593 | +€621,151 | +324% |
| Equity | 10/15 | €27,592 | €28,456 | +€865 | +3.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,592 | €18,456 | +€865 | +4.9% |
| Amounts payable | 17/49 | €163,851 | €784,137 | +€620,286 | +379% |
| Amounts payable after more than one year | 17 | €93,082 | €552,851 | +€459,769 | +494% |
| Financial debts | 170/4 | €80,582 | €552,851 | +€472,269 | +586% |
| Other amounts payable | 178/9 | €12,500 | - | -€12,500 | |
| Amounts payable within one year | 42/48 | €70,769 | €231,286 | +€160,517 | +227% |
| Current portion of amounts payable after more than one year | 42 | €24,389 | €113,862 | +€89,473 | +367% |
| Trade debts | 44 | €42,120 | €109,843 | +€67,723 | +161% |
| Suppliers | 440/4 | €42,120 | €109,843 | +€67,723 | +161% |
| Taxes, remuneration and social security | 45 | €3,287 | €4,122 | +€834 | +25.4% |
| Taxes | 450/3 | €3,044 | €4,122 | +€1,078 | +35.4% |
| Remuneration and social security | 454/9 | €243 | - | -€243 | |
| Other amounts payable | 47/48 | €972 | €3,459 | +€2,487 | +256% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,872 | €96,251 | +€77,379 | +410% |
| Other operating charges | 640/8 | €272 | €3,515 | +€3,243 | +1,191% |
| Gross operating margin | 9900 | €51,097 | €128,318 | +€77,221 | +151% |
| Operating profit (loss) | 9901 | €31,952 | €28,552 | -€3,400 | -10.6% |
| Financial income | 75/76B | - | €271 | +€271 | |
| Recurring financial income | 75 | - | €271 | +€271 | |
| Financial charges | 65/66B | €11,317 | €27,958 | +€16,642 | +147% |
| Recurring financial charges | 65 | €11,317 | €27,958 | +€16,642 | +147% |
| Profit (loss) for the period before taxes | 9903 | €20,636 | €865 | -€19,771 | -95.8% |
| Income taxes | 67/77 | €3,044 | - | -€3,044 | |
| Profit (loss) for the period | 9904 | €17,592 | €865 | -€16,727 | -95.1% |
| Profit (loss) for the period to be appropriated | 9905 | €17,592 | €865 | -€16,727 | -95.1% |
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 22 October 2026 via checked.be.