NICOLAS PETERS: what changed
NICOLAS PETERS
Largest movements
- Tangible fixed assets -€5,049
down €5,049 (-97.3%), from €5,188 to €139
of which Furniture and vehicles: -€4,883
- Cash +€4,006
up €4,006 (+153%), from €2,613 to €6,619
mainly Investment in fixed assets (net) (+€4,697) and Tax, wage and social debts (+€3,176)
- Deferred charges and accrued income -€1,443
down €1,443 (-54.6%), from €2,643 to €1,200
- Intangible fixed assets -€224
no longer reported in 2025 (was €224)
- Receivables within one year +€146
up €146 (+46.4%), from €315 to €462
of which Other amounts receivable: +€140
- Profit (loss) carried forward -€5,639
down €5,639 (-29.5%), from -€19,134 to -€24,773
- Tax, wage and social debts +€3,176
up €3,176 (+57.9%), from €5,485 to €8,661
of which Remuneration and social security: +€3,650
- Other debts -€380
down €380 (-1.9%), from €19,667 to €19,287
- Trade debts +€279
up €279 (+425%), from €66 to €344
- Depreciation -€6,098
down €6,098 (-91.4%), from €6,674 to €576
- Other operating charges +€3,882
up €3,882 (+350%), from €1,108 to €4,990
- Gross operating margin +€3,042
up €3,042, from -€2,173 to €869
- Financial charges +€631
up €631 (+340%), from €186 to €817
- Taxes -€103
down €103 (-45.2%), from €228 to €125
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,084 | €8,519 | -€2,564 | -23.1% |
| Fixed assets | 21/28 | €5,512 | €239 | -€5,273 | -95.7% |
| Intangible fixed assets | 21 | €224 | - | -€224 | |
| Tangible fixed assets | 22/27 | €5,188 | €139 | -€5,049 | -97.3% |
| Plant, machinery and equipment | 23 | €227 | €61 | -€166 | -73.1% |
| Furniture and vehicles | 24 | €4,961 | €78 | -€4,883 | -98.4% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €5,572 | €8,281 | +€2,709 | +48.6% |
| Amounts receivable within one year | 40/41 | €315 | €462 | +€146 | +46.4% |
| Trade receivables | 40 | €266 | €272 | +€7 | +2.5% |
| Other amounts receivable | 41 | €50 | €189 | +€140 | +280% |
| Cash at bank and in hand | 54/58 | €2,613 | €6,619 | +€4,006 | +153% |
| Deferred charges and accrued income | 490/1 | €2,643 | €1,200 | -€1,443 | -54.6% |
| Total equity and liabilities | 10/49 | €11,084 | €8,519 | -€2,564 | -23.1% |
| Equity | 10/15 | -€14,134 | -€19,773 | -€5,639 | -39.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,134 | -€24,773 | -€5,639 | -29.5% |
| Amounts payable | 17/49 | €25,217 | €28,292 | +€3,075 | +12.2% |
| Amounts payable within one year | 42/48 | €25,217 | €28,292 | +€3,075 | +12.2% |
| Trade debts | 44 | €66 | €344 | +€279 | +425% |
| Suppliers | 440/4 | €66 | €344 | +€279 | +425% |
| Taxes, remuneration and social security | 45 | €5,485 | €8,661 | +€3,176 | +57.9% |
| Taxes | 450/3 | €485 | €11 | -€474 | -97.7% |
| Remuneration and social security | 454/9 | €5,000 | €8,650 | +€3,650 | +73.0% |
| Other amounts payable | 47/48 | €19,667 | €19,287 | -€380 | -1.9% |
| Non-recurring operating income | 76A | €28,570 | - | -€28,570 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,674 | €576 | -€6,098 | -91.4% |
| Other operating charges | 640/8 | €1,108 | €4,990 | +€3,882 | +350% |
| Gross operating margin | 9900 | -€2,173 | €869 | +€3,042 | |
| Operating profit (loss) | 9901 | -€9,955 | -€4,697 | +€5,258 | +52.8% |
| Financial charges | 65/66B | €186 | €817 | +€631 | +340% |
| Recurring financial charges | 65 | €186 | €817 | +€631 | +340% |
| Profit (loss) for the period before taxes | 9903 | -€10,141 | -€5,514 | +€4,627 | +45.6% |
| Income taxes | 67/77 | €228 | €125 | -€103 | -45.2% |
| Profit (loss) for the period | 9904 | -€10,369 | -€5,639 | +€4,730 | +45.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,369 | -€5,639 | +€4,730 | +45.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.