PEATINVEST: 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
PEATINVEST
NACE 64.210, Activities of holding companies
financial year 31-12-2025 compared with 31-12-2024filed annual accounts (NBB)
Net result for the year
-€3.7m
31-12-2024 · -€9.2m+€5.6m
Equity
€20.9m
31-12-2024 · €24.6m-€3.7m
Cash
€352,354
31-12-2024 · €177,176+€175,178
Balance sheet total
€56.0m
31-12-2024 · €62.0m-€6.1m
Largest movements
Assets
- Financial fixed assets -€10.5m
down €10.5m (-19.9%), from €52.5m to €42.0m
- Receivables within one year +€4.3m
up €4.3m (+46.2%), from €9.3m to €13.6m
of which Other amounts receivable: +€4.9m
Equity and liabilities
- Debts after one year -€24.0m
down €24.0m (-100%), from €24.0m to €0
- Other debts +€22.1m
up €22.1m (+239%), from €9.3m to €31.4m
- Profit (loss) carried forward -€3.7m
down €3.7m (-146%), from -€2.5m to -€6.2m
- Short-term financial debts -€2.0m
down €2.0m (-100%), from €2.0m to €0
- Current portion of long-term debt +€1.2m
up €1.2m (+70.3%), from €1.7m to €2.9m
Income statement
- Financial charges -€7.0m
down €7.0m (-58.4%), from €11.9m to €4.9m
of which Non-recurring financial charges: -€6.5m
- Financial income -€1.6m
down €1.6m (-64.4%), from €2.6m to €910,655
- Turnover -€966,515
down €966,515 (-58.3%), from €1.7m to €691,651
- Services and other goods -€502,871
down €502,871 (-34.7%), from €1.4m to €946,725
- Staff costs -€174,259
down €174,259 (-53.6%), from €325,209 to €150,951
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024
-€9.2m
Turnover
-€966,515
Other operating income
-€33,777
Services and other goods
+€502,871
Staff costs
+€174,259
Write-downs
+€48,362
Other operating charges
+€1,259
Other operating items
+€525,690
Financial income
-€1.6m
Financial charges
+€7.0m
Taxes
-€404
Result 31-12-2025
-€3.7m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€14.5m
Investment
+€10.5m
Financing
-€24.8m
Cash 31-12-2024
€177,176
From operations (derived)
+€14.5m
Net result for the year
-€3.7m
Depreciation
+€9,272
Receivables within one year
-€4.3m
Deferred charges and accrued income
+€30,347
Trade debts
-€173,207
Tax, wage and social debts
-€75,660
Other debts
+€22.1m
Accrued charges and deferred income
+€572,813
Investment (derived)
+€10.5m
Investment in fixed assets (net)
+€10.5m
Financing
-€24.8m
Debts after one year
-€24.0m
Current portion of long-term debt
+€1.2m
Short-term financial debts
-€2.0m
Cash 31-12-2025
€352,354
brings cash intakes cash out
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €62,007,999 | €55,956,985 | -€6.1m | -9.8% |
| Fixed assets | 21/28 | €52,510,999 | €42,020,915 | -€10.5m | -20.0% |
| Tangible fixed assets | 22/27 | €29,140 | €0 | -€29,140 | -100% |
| Leasing and similar rights | 25 | €29,140 | €0 | -€29,140 | -100% |
| Financial fixed assets | 28 | €52,481,858 | €42,020,915 | -€10.5m | -19.9% |
| Affiliated companies | 280/1 | €52,481,858 | €42,020,915 | -€10.5m | -19.9% |
| Participating interests | 280 | €38,696,858 | €35,520,915 | -€3.2m | -8.2% |
| Amounts receivable | 281 | €13,785,000 | €6,500,000 | -€7.3m | -52.8% |
| Current assets | 29/58 | €9,497,001 | €13,936,069 | +€4.4m | +46.7% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €9,289,478 | €13,583,715 | +€4.3m | +46.2% |
| Trade receivables | 40 | €627,449 | €522 | -€626,926 | -99.9% |
| Other amounts receivable | 41 | €8,662,029 | €13,583,193 | +€4.9m | +56.8% |
| Cash at bank and in hand | 54/58 | €177,176 | €352,354 | +€175,178 | +98.9% |
| Deferred charges and accrued income | 490/1 | €30,347 | €0 | -€30,347 | -100% |
| Total equity and liabilities | 10/49 | €62,007,999 | €55,956,985 | -€6.1m | -9.8% |
| Equity | 10/15 | €24,550,554 | €20,871,334 | -€3.7m | -15.0% |
| Contributions | 10/11 | €26,000,000 | €26,000,000 | = | 0.0% |
| Capital | 10 | €26,000,000 | €26,000,000 | = | 0.0% |
| Issued capital | 100 | €26,000,000 | €26,000,000 | = | 0.0% |
| Reserves | 13 | €1,066,506 | €1,066,506 | = | 0.0% |
| Non-distributable reserves | 130/1 | €988,406 | €988,406 | = | 0.0% |
| Legal reserve | 130 | €988,406 | €988,406 | = | 0.0% |
| Distributable reserves | 133 | €78,100 | €78,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,515,952 | -€6,195,172 | -€3.7m | -146% |
| Amounts payable | 17/49 | €37,457,445 | €35,085,650 | -€2.4m | -6.3% |
| Amounts payable after more than one year | 17 | €23,998,649 | €0 | -€24.0m | -100% |
| Financial debts | 170/4 | €23,998,649 | €0 | -€24.0m | -100% |
| Leasing and similar obligations | 172 | €20,349 | €0 | -€20,349 | -100% |
| Credit institutions | 173 | €1,693,300 | €0 | -€1.7m | -100% |
| Other loans | 174 | €22,285,000 | €0 | -€22.3m | -100% |
| Amounts payable within one year | 42/48 | €13,237,261 | €34,291,301 | +€21.1m | +159% |
| Current portion of amounts payable after more than one year | 42 | €1,708,031 | €2,908,300 | +€1.2m | +70.3% |
| Financial debts | 43 | €2,000,000 | €0 | -€2.0m | -100% |
| Other loans | 439 | €2,000,000 | €0 | -€2.0m | -100% |
| Trade debts | 44 | €189,866 | €16,660 | -€173,207 | -91.2% |
| Suppliers | 440/4 | €189,866 | €16,660 | -€173,207 | -91.2% |
| Taxes, remuneration and social security | 45 | €77,289 | €1,629 | -€75,660 | -97.9% |
| Taxes | 450/3 | - | €1,629 | +€1,629 | |
| Remuneration and social security | 454/9 | €77,289 | €0 | -€77,289 | -100% |
| Other amounts payable | 47/48 | €9,262,074 | €31,364,712 | +€22.1m | +239% |
| Accrued charges and deferred income | 492/3 | €221,536 | €794,349 | +€572,813 | +259% |
| Operating income | 70/76A | €1,944,646 | €1,470,045 | -€474,601 | -24.4% |
| Turnover | 70 | €1,658,165 | €691,651 | -€966,515 | -58.3% |
| Other operating income | 74 | €281,170 | €247,394 | -€33,777 | -12.0% |
| Non-recurring operating income | 76A | €5,310 | €531,000 | +€525,690 | +9,900% |
| Operating charges | 60/66A | €1,837,242 | €1,110,491 | -€726,751 | -39.6% |
| Services and other goods | 61 | €1,449,595 | €946,725 | -€502,871 | -34.7% |
| Remuneration, social security and pensions | 62 | €325,209 | €150,951 | -€174,259 | -53.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,272 | €9,272 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €48,362 | €0 | -€48,362 | -100% |
| Other operating charges | 640/8 | €4,803 | €3,544 | -€1,259 | -26.2% |
| Operating profit (loss) | 9901 | €107,404 | €359,553 | +€252,150 | +235% |
| Financial income | 75/76B | €2,559,029 | €910,655 | -€1.6m | -64.4% |
| Recurring financial income | 75 | €2,559,029 | €910,655 | -€1.6m | -64.4% |
| Income from financial fixed assets | 750 | €1,565,249 | €0 | -€1.6m | -100% |
| Income from current assets | 751 | €993,771 | €910,655 | -€83,116 | -8.4% |
| Other financial income | 752/9 | €9 | €0 | -€9 | -100% |
| Financial charges | 65/66B | €11,908,451 | €4,949,274 | -€7.0m | -58.4% |
| Recurring financial charges | 65 | €2,222,448 | €1,773,330 | -€449,118 | -20.2% |
| Debt charges | 650 | €1,644,636 | €1,721,538 | +€76,902 | +4.7% |
| Other financial charges | 652/9 | €577,812 | €51,792 | -€526,020 | -91.0% |
| Non-recurring financial charges | 66B | €9,686,003 | €3,175,943 | -€6.5m | -67.2% |
| Profit (loss) for the period before taxes | 9903 | -€9,242,018 | -€3,679,066 | +€5.6m | +60.2% |
| Income taxes | 67/77 | -€250 | €154 | +€404 | |
| Taxes | 670/3 | €500 | €223 | -€277 | -55.5% |
| Tax adjustments and reversals of tax provisions | 77 | €750 | €69 | -€682 | -90.9% |
| Profit (loss) for the period | 9904 | -€9,241,768 | -€3,679,220 | +€5.6m | +60.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,241,768 | -€3,679,220 | +€5.6m | +60.2% |
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 27 October 2026 via checked.be.