PEACOCK VISUAL COMMUNICATION: 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.
PEACOCK VISUAL COMMUNICATION
Largest movements
- Cash -€95,841
down €95,841 (-11.6%), from €826,130 to €730,289
mainly Contributions, distributions and other (-€189,939) and Other debts (-€28,922)
- Tangible fixed assets -€46,434
down €46,434 (-49.3%), from €94,274 to €47,840
of which Plant, machinery and equipment: -€25,250
- Receivables within one year +€12,444
up €12,444 (+77.4%), from €16,074 to €28,518
- Reserves -€104,577
down €104,577 (-16.9%), from €617,525 to €512,948
- Other debts -€28,922
down €28,922 (-12.3%), from €235,804 to €206,883
- Short-term financial debts +€13,542
new in 2025: €13,542
- Trade debts -€9,964
down €9,964 (-29.2%), from €34,172 to €24,207
- Gross operating margin -€24,891
down €24,891 (-11.1%), from €224,914 to €200,024
- Depreciation -€15,322
down €15,322 (-34.9%), from €43,889 to €28,567
- Taxes -€10,263
down €10,263 (-19.8%), from €51,844 to €41,581
- Staff costs +€3,482
up €3,482 (+9.7%), from €35,849 to €39,332
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 | €945,782 | €814,966 | -€130,815 | -13.8% |
| Fixed assets | 21/28 | €97,643 | €51,216 | -€46,428 | -47.5% |
| Tangible fixed assets | 22/27 | €94,274 | €47,840 | -€46,434 | -49.3% |
| Plant, machinery and equipment | 23 | €69,969 | €44,719 | -€25,250 | -36.1% |
| Furniture and vehicles | 24 | €24,305 | €3,121 | -€21,184 | -87.2% |
| Financial fixed assets | 28 | €3,370 | €3,376 | +€6 | +0.2% |
| Current assets | 29/58 | €848,138 | €763,751 | -€84,388 | -9.9% |
| Stocks and contracts in progress | 3 | €4,790 | €3,771 | -€1,019 | -21.3% |
| Stocks | 30/36 | €4,790 | €3,771 | -€1,019 | -21.3% |
| Amounts receivable within one year | 40/41 | €16,074 | €28,518 | +€12,444 | +77.4% |
| Trade receivables | 40 | €16,074 | €28,518 | +€12,444 | +77.4% |
| Cash at bank and in hand | 54/58 | €826,130 | €730,289 | -€95,841 | -11.6% |
| Deferred charges and accrued income | 490/1 | €1,145 | €1,173 | +€28 | +2.4% |
| Total equity and liabilities | 10/49 | €945,782 | €814,966 | -€130,815 | -13.8% |
| Equity | 10/15 | €629,925 | €525,348 | -€104,577 | -16.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €617,525 | €512,948 | -€104,577 | -16.9% |
| Distributable reserves | 133 | €617,525 | €512,948 | -€104,577 | -16.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €315,857 | €289,618 | -€26,239 | -8.3% |
| Amounts payable within one year | 42/48 | €310,704 | €285,295 | -€25,408 | -8.2% |
| Financial debts | 43 | - | €13,542 | +€13,542 | |
| Credit institutions | 430/8 | - | €13,542 | +€13,542 | |
| Trade debts | 44 | €34,172 | €24,207 | -€9,964 | -29.2% |
| Suppliers | 440/4 | €34,172 | €24,207 | -€9,964 | -29.2% |
| Taxes, remuneration and social security | 45 | €40,727 | €40,663 | -€65 | -0.2% |
| Taxes | 450/3 | €30,082 | €28,083 | -€1,999 | -6.6% |
| Remuneration and social security | 454/9 | €10,645 | €12,580 | +€1,935 | +18.2% |
| Other amounts payable | 47/48 | €235,804 | €206,883 | -€28,922 | -12.3% |
| Accrued charges and deferred income | 492/3 | €5,153 | €4,323 | -€830 | -16.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €35,849 | €39,332 | +€3,482 | +9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,889 | €28,567 | -€15,322 | -34.9% |
| Other operating charges | 640/8 | €2,438 | €1,975 | -€463 | -19.0% |
| Non-recurring operating charges | 66A | - | €1,167 | +€1,167 | |
| Gross operating margin | 9900 | €224,914 | €200,024 | -€24,891 | -11.1% |
| Operating profit (loss) | 9901 | €142,738 | €128,983 | -€13,755 | -9.6% |
| Financial income | 75/76B | €100 | €62 | -€38 | -38.3% |
| Recurring financial income | 75 | €100 | €62 | -€38 | -38.3% |
| Financial charges | 65/66B | €2,114 | €2,102 | -€12 | -0.6% |
| Recurring financial charges | 65 | €2,114 | €2,102 | -€12 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €140,724 | €126,943 | -€13,781 | -9.8% |
| Income taxes | 67/77 | €51,844 | €41,581 | -€10,263 | -19.8% |
| Profit (loss) for the period | 9904 | €88,880 | €85,362 | -€3,518 | -4.0% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €88,880 | €85,362 | -€3,518 | -4.0% |
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 23 October 2026 via checked.be.