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Peefra: what changed

Two fiscal 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

Peefra

BE 0875.097.871
NACE 64.210, Activities of holding companies
fiscal year 2025 against 2026filed annual accounts (NBB)
Net result for the year
€46,939
2025 · €35,502+€11,437
Equity
-€378,045
2025 · -€378,984+€939
Cash
€58
2025 · €30+€28
Balance sheet total
€96,848
2025 · €174,610-€77,762

Largest movements

2025 to 2026
Assets
  • Receivables within one year -€137,790

    down €137,790 (-78.9%), from €174,580 to €36,790

    of which Trade receivables: -€132,250

  • Deferred charges and accrued income +€60,000

    new in 2026: €60,000

Equity and liabilities
  • Debts after one year -€478,194

    down €478,194 (-100.0%), from €478,194 to €0

  • Other debts +€412,377

    up €412,377 (+1224.4%), from €33,680 to €446,057

  • Trade debts -€32,503

    down €32,503 (-95.5%), from €34,042 to €1,539

  • Tax, wage and social debts +€19,620

    up €19,620 (+255.5%), from €7,678 to €27,297

Income statement
  • Gross operating margin +€18,868

    up €18,868 (+52.0%), from €36,305 to €55,174

  • Financial charges +€7,079

    up €7,079 (+9832.1%), from €72 to €7,151

    of which Financial charges: +€7,079

From the 2025 result to the 2026 result

effect on the 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 2025 €35,502
Gross operating margin +€18,868
Other operating charges -€394
Financial charges -€7,079
Taxes +€42
Result 2026 €46,939

Cash bridge derived

cash 2025 to 2026

Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.

From operations +€524,222
Investment €0
Financing -€524,194
Cash 2025 €30
Net result for the year +€46,939
Receivables within one year +€137,790
Deferred charges and accrued income -€60,000
Trade debts -€32,503
Tax, wage and social debts +€19,620
Other debts +€412,377
Debts after one year -€478,194
Contributions, distributions and other -€46,000
Cash 2026 €58
Every line side by side 34 lines
Line Code 2025 2026 Change %
Total assets 20/58 €174,610 €96,848 -€77,762 -44.5%
Current assets 29/58 €174,610 €96,848 -€77,762 -44.5%
Amounts receivable within one year 40/41 €174,580 €36,790 -€137,790 -78.9%
Trade receivables 40 €132,250 €0 -€132,250 -100.0%
Other amounts receivable 41 €42,330 €36,790 -€5,540 -13.1%
Cash at bank and in hand 54/58 €30 €58 +€28 +94.0%
Deferred charges and accrued income 490/1 - €60,000 +€60,000
Total equity and liabilities 10/49 €174,610 €96,848 -€77,762 -44.5%
Equity 10/15 -€378,984 -€378,045 +€939 +0.2%
Contributions 10/11 €18,600 €18,600 = 0.0%
Reserves 13 €3,600 €3,600 = 0.0%
Distributable reserves 133 €3,600 €3,600 = 0.0%
Profit (loss) carried forward 14 -€401,184 -€400,245 +€939 +0.2%
Amounts payable 17/49 €553,594 €474,893 -€78,701 -14.2%
Amounts payable after more than one year 17 €478,194 €0 -€478,194 -100.0%
Financial debts 170/4 €478,194 €0 -€478,194 -100.0%
Amounts payable within one year 42/48 €75,400 €474,893 +€399,493 +529.8%
Trade debts 44 €34,042 €1,539 -€32,503 -95.5%
Suppliers 440/4 €34,042 €1,539 -€32,503 -95.5%
Taxes, remuneration and social security 45 €7,678 €27,297 +€19,620 +255.5%
Taxes 450/3 €7,678 €27,297 +€19,620 +255.5%
Other amounts payable 47/48 €33,680 €446,057 +€412,377 +1224.4%
Other operating charges 640/8 €206 €599 +€394 +191.4%
Gross operating margin 9900 €36,305 €55,174 +€18,868 +52.0%
Operating profit (loss) 9901 €36,100 €54,574 +€18,474 +51.2%
Financial income 75/76B €0 - =
Recurring financial income 75 €0 - =
Financial charges 65/66B €72 €7,151 +€7,079 +9832.1%
Recurring financial charges 65 €72 €7,151 +€7,079 +9832.1%
Non-recurring financial charges 66B €0 - =
Profit (loss) for the period before taxes 9903 €36,028 €47,423 +€11,395 +31.6%
Income taxes 67/77 €526 €484 -€42 -8.0%
Profit (loss) for the period 9904 €35,502 €46,939 +€11,437 +32.2%
Profit (loss) for the period to be appropriated 9905 €35,502 €46,939 +€11,437 +32.2%

Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.